Moody’s looking for a cryptocurrency analyst
Moody’s looking for a cryptocurrency analyst

Moody’s looking for a cryptocurrency analyst

By Vincenzo Cacioppoli - 7 Sep 2021

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Moody’s, one of the three major rating agencies in the world, is reportedly looking for a cryptocurrency analyst

Moody’s want a cryptocurrency analyst

In recent days, a job advertisement has appeared on the company’s website for an expert in cryptocurrency and with financial analyst experience in credit rating. 

“You will be part of a team of individuals responsible for supporting successful project deliveries for our C4E”, reads the ad posted by Moody’s. “The role also includes advocating for operational and process changes to move towards a more data-driven organizational paradigm”.

The job could also take place remotely, though the ad says that Frankfurt, London, New York or Paris are preferred locations. From what can be read in the ad, experience in the world of financial analysis related to credit rating is required, but must also have a good knowledge of decentralized finance.

The rating agency has long shown interest in blockchain technology and its applications in the credit rating branch. 

“Standardisation of blockchain technology would make its benefits more accessible for securitisations”, Frank Cerveny, VP-Senior Research Analyst at Moody’s, said earlier this year. “Standardisation would improve interoperability across systems and market participants, but also reduce counterparty concentration, operational and legal/regulatory risks for transactions that use blockchain technology”.

Interest in DeFi is growing.

The financial world is increasingly interested in DeFi

This announcement shows how the traditional finance world is increasingly interested in decentralized finance. Moody’s is requesting that the new analyst also has information on the world of CBDCs (Central Bank Digital Currencies), Stablecoins and also NFTs (Non-Fungible Tokens).

DeFi is becoming one of the most interesting topics for the financial world because of its innovative applications that make it in some cases more efficient than the traditional system managed by intermediaries.

Peer-to-peer digital lending, for example, opens up possibilities for new forms of financial interaction in a decentralized system. Blockchain-based lending improves the lending model. Programmatic and peer-to-peer margin calls could mitigate the likelihood of credit crises and over-indebted systems.

Each loan is based on a rating of the borrower, whether state or private, and based on this a score is given by the major rating agencies to determine the cost of money to have a loan. DeFi could bring about a kind of revolution to this traditional scheme. Compound, Dharma, dYdX, and Lendroid are just some of the more interesting projects in this regard, but others are taking shape for an industry that is expected to grow strongly within the next ten years.

What is DeFi 

DeFi (Decentralised Finance) aims to eliminate intermediaries such as banks, brokers or financial and insurance institutions, which can introduce inefficiencies into the financial process, whatever it may be. DeFi Blockchains algorithmically regulate interactions allowing the user to buy, sell, lend and borrow in a much more efficient and cost-effective way than the traditional method.

Most of these applications are built on Ethereum, the world’s second-largest cryptocurrency platform, through its smart contracts. According to data from the website, contracts related to decentralized finance would be worth about $98 billion, with about 200 projects in place.

According to a 2020 report by the World Trade Organization, the International Chamber of Commerce and Trade Finance Global, the financing gap for SMEs is about $5 trillion. According to the report, decentralized finance could be a solution to relieve a financial sector increasingly struggling to meet such demand. 

Decentralized finance has also shown good resilience in the face of the extreme volatility of the crypto market and the sell-offs seen in recent months, not least because it uses stablecoins as collateral, which, being linked to an underlying fiat currency such as the dollar, are much less volatile than traditional cryptocurrencies such as Bitcoin.


Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog., he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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