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Portfolio manager - rates

London
Qenexus
Portfolio manager
Posted: 4 April
Offer description

Job Description

We are seeking an experienced Rates Portfolio Manager to take ownership of a dedicated book within the fixed income complex. This is a high-conviction seat for a PM with a genuine macro and rates edge. Someone who can operate independently, size positions with discipline, and generate consistent risk-adjusted returns across G10 rates, curve, and cross-market opportunities.

You will have access to best-in-class execution infrastructure, quantitative research resources, and a deep pool of data and technology, giving you the toolkit to express your views with precision and efficiency.

Responsibilities:

* Manage a discretionary portfolio focused on G10 rates, with scope across cash bonds, futures, swaps, and options.
* Develop and execute trading ideas spanning outright direction, curve positioning, cross-market relative value, and macro-driven thematic trades.
* Construct and manage risk with clear P&L attribution and disciplined drawdown management
* Collaborate with quantitative researchers and technologists to enhance execution and incorporate systematic signals where relevant.
* Engage with senior leadership on portfolio positioning, risk appetite, and market views.

Requirements:

* Proven track record as a rates PM or senior trader with demonstrable P&L ownership — ideally 5+ years in a seat with meaningful autonomy
* Deep understanding of G10 rates dynamics, macro drivers, and central bank policy transmission
* Experience across the full rates toolkit: government bonds, rates futures, IRS, swaptions, and related instruments
* Comfortable operating within a quantitative environment and engaging with systematic research

For more info, please apply below or reach out to our director, Tom via tom@qenexus.com

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