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For Companies At a Glance
- Tasks: Manage a Macro Rates Relative Value portfolio with a focus on Developed Market Rates.
- Company: Join a global multi-strategy firm in the heart of London.
- Benefits: Competitive salary, performance-based compensation, and access to elite data platforms.
- Other info: Opportunity for exceptional career growth in a dynamic financial environment.
- Why this job: Make impactful decisions using macroeconomic insights and advanced trading strategies.
- Qualifications: 8+ years in DM Rates RV with strong risk management skills and Python/SQL knowledge.
The predicted salary is between 72000 - 100000 £ per year.
Location: London (On-site/Hybrid)
The Mandate
We are partnering with a global multi-strategy firm in London seeking a Portfolio Manager to run a specialized Macro Rates Relative Value book. This mandate sits at the intersection of fundamental macroeconomic themes and highly precise RV trade construction. This is explicitly not a cross-asset macro seat; the focus is strictly on Developed Market (DM) Rates. The desk strongly prefers a semi-systematic, process-driven approach over purely discretionary risk-taking.
The Hard Questions (What You Will Solve)
- The Implementation Gap: How do you translate a high-conviction fundamental macroeconomic theme (e.g., central bank divergence) into a tightly constructed, market-neutral RV trade that minimizes directional beta?
- Process Codification: How do you build quantitative overlays and systematic entry/exit frameworks to remove behavioural drag from your fundamental macro views?
- Curve Dynamics: How do you systematically exploit term-structure anomalies and fly pricing across sovereign curves while managing the negative convexity of the underlying instruments?
The Structural Edge
- Tier-1 Balance Sheet: You are backed by the institutional capital required to warehouse complex, margin-intensive RV structures that smaller funds simply cannot afford to carry.
- Quant-amental Infrastructure: Access to an elite centralized data platform that provides real-time macroeconomic data, central bank sentiment scraping, and tick-level pricing to support your semi-systematic process.
Ideal Profile
- The Metric: 8+ years of verifiable live PnL in DM Rates RV. A demonstrable track record of maintaining a Sharpe ≥ 1.5 through rigorous risk management.
- The Tech: You are not a pure quant, but you are highly literate in Python/SQL. You build your own pricing models, backtest your themes, and size your risk programmatically.
Compensation & Preferences
- Non-compete: Preference for ≤12 months; buyouts considered for exceptional profiles.
- Compensation: $250k–$350k + Formulaic PnL Cut (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.)
Apply Now
At Onyx Alpha Partners, we are committed to connecting the most sought after talent in the financial world, to opportunities that expand the universe of unconstrained performance within their chosen discipline. If this opportunity aligns with your career aspirations, we encourage you to apply and explore the potential for growth and unparalleled success.
Portfolio Manager – Macro Rates RV (Semi-Systematic) employer: Onyx Alpha Partners
Contact Detail:
Onyx Alpha Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Manager – Macro Rates RV (Semi-Systematic)
✨Tip Number 1
Network like a pro! Reach out to industry contacts, attend finance meetups, and engage on LinkedIn. The more people you know, the better your chances of landing that Portfolio Manager role.
✨Tip Number 2
Prepare for those tricky interviews! Brush up on macroeconomic themes and be ready to discuss how you’d tackle the implementation gap. Show them you can think critically about market-neutral RV trades.
✨Tip Number 3
Demonstrate your tech skills! Be ready to talk about your experience with Python and SQL. Maybe even bring along a project or two that showcases your ability to build pricing models and backtest themes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take the initiative!
We think you need these skills to ace Portfolio Manager – Macro Rates RV (Semi-Systematic)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in DM Rates RV. We want to see your 8+ years of verifiable live PnL and how you've maintained a Sharpe ratio of 1.5 or higher. Don’t just list your jobs; show us how your skills align with the role!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this semi-systematic approach. Share specific examples of how you've translated macroeconomic themes into successful trades, and let your passion for the role come through.
Show Off Your Tech Skills: Since we’re looking for someone who’s not just a quant but also tech-savvy, make sure to mention your proficiency in Python and SQL. Highlight any projects where you built pricing models or backtested themes, as this will set you apart from the crowd.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Onyx Alpha Partners
✨Know Your Macro Inside Out
Make sure you’re well-versed in current macroeconomic themes, especially those affecting Developed Market Rates. Brush up on recent central bank policies and how they influence RV trades. This knowledge will help you answer questions about translating macro views into actionable strategies.
✨Demonstrate Your Process-Driven Approach
Be ready to discuss your semi-systematic methods in detail. Prepare examples of how you've built quantitative overlays or systematic frameworks in the past. This will show that you can effectively manage risk while maintaining a disciplined approach to trading.
✨Showcase Your Technical Skills
Since the role requires Python and SQL proficiency, come prepared to discuss your experience with these tools. Bring examples of pricing models you've built or backtesting you've conducted. This will highlight your ability to integrate tech into your trading strategy.
✨Prepare for Hard Questions
Anticipate tough questions about the implementation gap and curve dynamics. Think through your answers on how you would exploit term-structure anomalies and manage negative convexity. Practising these scenarios will help you articulate your thought process clearly during the interview.