STIR Portfolio Manager

The STIR PM will be responsible for managing risk and deploying capital across global short-term interest rate markets. This includes developing and executing discretionary or systematic strategies across futures, swaps, and options, with a focus on generating consistent, risk-adjusted returns within a robust risk management framework.

Key responsibilities

• Develop and run STIR trading strategies across USD, GBP, EUR, and other global markets.
• Deploy capital in futures, swaps, and options with a focus on relative value and macro themes.
• Identify opportunities across the front end of the curve, including central bank policy shifts, funding dynamics, and cross-market relative value.
• Manage risk exposures and ensure trading is aligned with firm-wide governance and capital allocation limits.
• Collaborate with researchers, quants, and technologists to enhance trading models and infrastructure.
• Contribute to a culture of innovation, sharing insights with global macro and fixed income teams.

Ideal profile

• Demonstrable, multi-year track record of profitable STIR trading strategies at a hedge fund, prop desk, or leading bank.
• Deep understanding of short-term interest rate products, central bank policy, and market microstructure.
• Experience trading across futures, swaps, and options in STIR markets.
• Strong quantitative and analytical skills; programming ability (Python, C++) is a plus.
• Entrepreneurial, collaborative, and driven by performance.
• Degree in Economics, Finance, Mathematics, or related discipline; advanced qualifications (CFA, FRM, PhD) advantageous.

What’s on offer

• The opportunity to manage capital at one of the world’s most prestigious hedge funds.
• Competitive compensation with performance-linked upside.
• World-class research, technology, and execution support.
• Flexibility to be based in London or New York, collaborating with a global team of top-tier professionals.

A culture that rewards innovation, performance, and risk discipline