Our client is one of the world’s most successful multi-strategy hedge funds, with deep expertise across fixed income, macro, and volatility strategies. Backed by robust infrastructure, advanced analytics, and scalable capital, the firm provides a high-performance environment for portfolio managers to maximize returns while operating within disciplined risk parameters.
The Rates Volatility (Gamma) Portfolio Manager will be responsible for running an independent book focused on short-dated interest rate options and gamma trading strategies. The role requires an exceptional understanding of volatility surfaces, risk management, and short-term macro dynamics that drive rates markets.
Key responsibilities
- Manage a dedicated rates volatility/gamma portfolio with capital and risk allocation.
- Develop and implement strategies across swaptions, caps/floors, and short-dated interest rate options.
- Monitor and model gamma exposure, volatility surfaces, skew, and term structures.
- Generate trading ideas around event-driven opportunities (central bank decisions, data releases, macro shocks).
- Manage portfolio risk dynamically, optimizing hedges and exposures.
- Collaborate with quant researchers, risk managers, and execution teams to enhance models and tools.
- Share insights with the broader macro and volatility trading teams.
Ideal profile
- Proven track record of profitability in rates volatility/gamma trading at a hedge fund, bank, or proprietary trading firm.
- Strong expertise in rates derivatives pricing, options markets, and short-term volatility dynamics.
- Experience trading across G10 interest rate markets.
- Proficiency in quantitative analysis and programming (Python, C++, or similar).
- Solid grasp of monetary policy and macroeconomic events impacting front-end rates.
- Strong risk discipline and ability to manage positions around high-volatility events.
- Advanced degree in Mathematics, Financial Engineering, Physics, or related field preferred.
What’s on offer
- Opportunity to run significant risk at one of the world’s leading hedge funds.
- Access to world-class infrastructure, liquidity, and research support.
- Competitive compensation structure with high performance-based upside.
- Direct exposure to macro-driven volatility strategies at the global level.
- A collaborative, innovative environment that rewards excellence.
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