Location: London / Europe (On-site or Hybrid)
The Firm:
Our client is a leading proprietary trading firm widely regarded as a powerhouse in global electronic markets, known for its culture of innovation and consistent outperformance. The firm integrates quantitative research with low-latency execution across global asset classes, supported by institutional-grade data infrastructure, advanced technology, and a world-class research environment.
Key Responsibilities:
Strategy Build-Out
Develop, refine, and implement process-driven micro relative value strategies across liquid instruments, leveraging systematic, repeatable frameworks.
Portfolio Management
Oversee live capital allocations with defined volatility and drawdown targets. Maintain portfolio stability through disciplined risk and exposure management.
Idea Generation
Identify and validate high-conviction, market-neutral opportunities driven by microstructure inefficiencies, relative mispricings, or statistical dislocations.
Research & Optimization
Apply quantitative research, execution-aware backtesting, and post-trade analytics to enhance signal quality, efficiency, and scalability.
Collaboration
Partner with quantitative researchers, engineers, and risk teams to strengthen data integrity, infrastructure, and automation across the research-to-execution pipeline.
Leadership
Mentor junior talent and contribute to a process-oriented, collaborative culture focused on precision, transparency, and continuous improvement.
Qualifications:
Experience
Minimum of three years of verifiable positive PnL as a Portfolio Manager or SubPM running process-driven micro relative value or market-neutral strategies. Proven ability to deliver consistent returns through multiple market regimes within an institutional platform.
Technical Skills
Strong proficiency in Python (pandas, NumPy, scikit-learn) and familiarity with C++ or R. Deep understanding of market microstructure, execution dynamics, transaction costs, and data-driven model design.
Attributes
Analytical, disciplined, and commercially oriented. Operates with precision and process integrity. Collaborative and pragmatic communicator with entrepreneurial initiative and attention to detail.
Reasons to Apply:
- Lead and scale a process-driven micro RV strategy within a global multi-manager platform.
- Access institutional-grade data, risk systems, and execution infrastructure to maximize alpha scalability.
- Competitive, performance-linked payout structure (20%+ of PnL).
- Autonomy to innovate within a disciplined, research-centric culture that rewards transparency, consistency, and performance.
At Onyx Alpha Partners, we connect the most sought-after investment talent with opportunities that expand their universe of unconstrained performance.
If this opportunity aligns with your ambitions, we encourage you to apply or contact the Onyx Alpha team in confidence.
Portfolio Manager – Process-Driven Rates Macro RV in London employer: Onyx Alpha Partners
Onyx Alpha Partners is an exceptional employer, offering a dynamic work environment where innovation and analytical thinking are at the forefront. Located in the UK, we provide our employees with unparalleled growth opportunities, a collaborative culture, and the chance to shape the future of our rates options desk. Join us to be part of a team that values independence, creativity, and professional development.
