At a Glance
- Tasks: Manage discretionary macro portfolios in rates, FX, and macro equity with full P&L ownership.
- Company: Join a leading multi-manager hedge fund platform with a focus on innovation.
- Benefits: Competitive salary, performance bonuses, and strong support for your trading activities.
- Other info: Flexible opportunities for mid-level and junior managers with strong processes.
- Why this job: Leverage your analytical skills to make impactful investment decisions backed by robust infrastructure.
- Qualifications: Five years of experience with a proven track record in macro strategies.
The predicted salary is between 63000 - 77000 £ per year.
We are partnering with a multi-manager hedge fund platform to place discretionary macro portfolio managers across three seats: rates, FX and macro equity.
Each is an independent book with its own capital allocation, risk budget and P&L ownership, backed by centrally supplied capital, data and risk infrastructure.
These are discretionary seats. The platform is backing judgment, but judgment that runs on a tested process rather than instinct.
- The Seats
- Rates: outright duration, curve and cross-market views across developed and selected emerging markets.
- FX: G10 and emerging market currency risk, expressed in spot, forwards and options.
- Macro Equity: macro views expressed through equity index, sector and single name risk, ideally as part of an established macro pod rather than a standalone book.
- The Hard Questions
These are the questions the conversation will turn on.
- Alpha and beta: strip the static tilts out of your record, long carry, long duration, short volatility. What is left, and over how many years?
- Crowding: name a consensus trade you stayed in anyway. What told you the positioning was survivable, and where was your exit if it was not?
- Strategy decay: which trade that used to work for you has stopped working, and how long did it take you to accept that rather than size into it?
- Drawdowns: take your worst drawdown. Was it the thesis, the sizing or the timing, and what in your process changed afterwards?
- Expression: when have you been right on the macro and still lost money on the way you expressed it?
- The Structural Edge
- Capital, data and risk oversight supplied from day one, so your first months go into trading rather than building.
- You own view formation, sizing and book construction. The platform's role is risk oversight and capital allocation, not strategy dictation.
- Ideal Profile
- Your track record: five years running the same strategy continuously, with a live P&L record you can speak to in detail through more than one rate and policy regime.
- Your process: process driven and analytical.
Discretionary judgment applied inside a framework that has been tested, scaled, and carried through drawdowns rather than around them.
- Level: the profile above is the target, but mid-level and junior managers with a strong process and a real record will be considered.
Compensation & Preferences
Base salary: GBP 200,000 to GBP 300,000, plus performance-linked bonus.
Availability: candidates currently serving non-compete or notice periods are encouraged to apply. The client will wait beyond 12 months for exceptional talent.
This is not a guarantee of compensation or salary; a final offer amount may vary based on factors including but not limited to experience, domain expertise, and geographic location.
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Portfolio Manager, Discretionary Macro (Rates, FX and Macro Equity) 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.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager, Discretionary Macro (Rates, FX and Macro Equity)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Onyx Alpha Partners. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Portfolio Manager, Discretionary Macro (Rates, FX and Macro Equity)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Onyx Alpha Partners.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Onyx Alpha Partners's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Onyx Alpha Partners
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Onyx Alpha Partners.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Onyx Alpha Partners will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Onyx Alpha Partners employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
