The Mandate
Our client, multi-strategy hedge fund, is building a discretionary rates options capability that does not currently exist within the firm. This is a new era for the business rather than a backfill of an existing seat: the successful candidate will be the first dedicated voice on interest rate options, defining how the desk expresses views, manages risk, and builds out its process from first principles.
The Hard Questions (What You Will Solve)
Framework Design: how do you build a repeatable, analytically grounded process for expressing views in rates options, when no existing playbook in place?
Model & Tooling Build-Out: what models and tools do you put in place to move from discretionary judgement to a disciplined, fault-tolerant process that can scale with the franchise?
Risk & Desk Formation: how do you establish risk frameworks, sizing discipline, and a team structure from scratch, in a way that will hold up once this business reaches critical mass?
Ideal Profile
An experienced Portfolio Manager with a demonstrable multi-year track record in discretionary rates options strategies, who brings a highly analytical framework to how they express views in the market.
Candidates with success scaling a rates options desk within a competitive hedge fund environment are desirable.
Comfortable operating without an existing playbook, leveraging models and tools to build a repeatable, fault-tolerant process rather than relying on instinct alone.
Deep understanding of interest rate options pricing, risk, market structure and Python based tooling, with the credibility and independence to shape a desk from the ground up.
Entrepreneurial, process-minded, and motivated by the opportunity to build a new capability rather than step into an established one.
Compensation & Preferences
£250,000 – £350,000 base salary plus competitive compensations structure tied to PnL and business targets. 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 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.