At a Glance
- Tasks: Trade US rate instruments and develop analytics tools in a dynamic hedge fund environment.
- Company: A successful and growing hedge fund based in London.
- Benefits: Competitive salary, career growth, and the chance to own P&L responsibility.
- Other info: Opportunity to learn and grow while trading US hours.
- Why this job: Join a high-calibre team and make impactful trading decisions.
- Qualifications: Degree in a quantitative field and experience in fixed income trading.
The predicted salary is between 80000 - 100000 £ per year.
Experience: 3–10 years
Location: London
Start Date: ASAP, no more than 6-months non-compete
About the Opportunity
Our client, a successful and growing hedge fund, is seeking a talented rates trader to join their London operation under an established PM. The team runs a quantitatively driven strategy in US rate instruments, blending model-generated signals with hands‑on execution — a setup that rewards both analytical rigour and sharp market intuition. This is a rare chance to embed yourself in a high‑calibre environment where you'll move from execution and analytics toward genuine P&L responsibility over time.
The Role
You will trade US rate instruments during US hours from London, operating from signal outputs generated by the team's quantitative infrastructure. The role demands fluency in rates markets — their microstructure, pricing mechanics, and relative value dynamics — as well as the technical ability to build and maintain the dashboards and analytics tools that support the desk. The team's framework is systematic in nature, but manual execution is integral to how the strategy operates.
What We're Looking For
- Degree in Economics, Finance, Financial Engineering, or a related quantitative field
- Fixed income trading background, buy-side or sell-side, with exposure to US cash bonds and/or derivatives
- Experience in a relative value rates framework — curves, spreads, cross‑instrument dynamics
- Demonstrated ability to price and risk‑manage fixed income products
- Hands‑on experience building analytics tools: dashboards, screeners, or similar
- Working proficiency in Python (functional level is sufficient; strong coding is a plus)
Instruments: Government bonds, interest rate swaps, rate futures
Growth Path
After a period learning the strategy and systems, it's expected that you'll progressively take on responsibility beyond execution — contributing to new trade ideas, strategy development, system improvements, and ultimately owning a defined portion of P&L generation alongside the PM.
A Note on US Hours Trading
Direct experience trading US rates during US hours is strongly preferred and the candidate must be willing to work these hours. That said, candidates with deep rates knowledge who haven't traded those specific hours are encouraged to apply — the desk is open to the right person learning the market's particularities on the job.
