Credit Risk Analyst | Tokenized RWA

About RockawayX

RockawayX is a global digital asset investment and engineering firm, combining venture investing, systematic yield strategies, and infrastructure to power the on-chain economy. The firm manages approximately $2bn in assets across venture, yield, and infrastructure strategies, backing 100+ early-stage crypto projects and acting as an institutional liquidity provider across DeFi.

RockawayX is now expanding its risk function into credit risk for tokenized real-world assets (RWA), with a focus on building institutional-grade RWA vaults on chains such as Solana in collaboration with leading DeFi and RWA partners.

The Opportunity

The Credit Risk Analyst will build and own the credit risk layer underpinning RockawayX’s RWA strategies and multi-asset RWA allocation vaults. You will translate traditional credit and RWA methodologies into robust on-chain risk frameworks, covering tokenized credit exposures, loan pools, and structured products integrated into our yield platform.

You will work closely with the risk curation, engineering, and investment teams to define risk appetite, assess counterparties and structures, and ensure that all RWA allocations meet RockawayX’s standards for capital preservation, diversification, and institutional-grade transparency.

Key Responsibilities

Credit Assessment & Underwriting

• Conduct credit risk assessment of tokenized RWA issuers, originators, and underlying asset pools (e.g., private credit, trade finance, real estate, asset-backed facilities)

• Evaluate tokenized structures and legal wrappers, including collateralization levels, seniority, covenants, and enforcement mechanisms for on-chain and off-chain claims

• Develop and adapt traditional credit models (PD, LGD, EAD, stress scenarios) and concentration metrics to tokenized instruments and on-chain data

• Collaborate with legal and structuring to review transaction documentation, term sheets, security packages, and servicing arrangements for RWA deals

Allocation Frameworks & Risk Curation

• Design and maintain RWA allocation frameworks for multi-asset RWA vaults, covering limits by issuer, sector, collateral type, tenor, and jurisdiction

• Contribute to risk curation by balancing yield, duration, liquidity, and credit quality to support market-neutral and conservative yield strategies

• Partner with DeFi, data, and engineering teams to embed credit risk metrics into internal analytics, monitoring tools, and vault risk parameters

Monitoring & Reporting

• Implement ongoing monitoring: exposure dashboards, early warning indicators, covenant tracking, and periodic review of RWA partners and facilities

• Prepare clear, decision-ready risk memos and recommendations for internal committees and governance processes

• Support external communication where needed (LP reporting, protocol partners, RWA platforms) on risk methodology and controls