About

We are exclusively partnering with a high-performing boutique macro pod at a London-based multi-strategy hedge fund to hire a Rates Volatility & Derivatives Strategist. The role sits directly alongside Portfolio Managers, with clear ownership across idea generation, risk framing, and portfolio construction. The Role Lead coverage of developed market rates with a core focus on volatility and options, spanning cash, futures, swaps, swaptions, caps/floors, and curve volGenerate actionable rates volatility trade ideas, including relative value, curve and surface dislocations, carry/roll, and event-driven convexity opportunitiesAnalyse and structure trades around optionality, convexity, and tail risk, with clear articulation of P&L drivers and risk profilesIdentify macro catalysts for rates volatility, including central bank policy, inflation dynamics, supply/demand, and positioningBuild and maintain volatility and options monitoring tools, tracking surface dynamics, skew, term structure, and cross-market relationshipsMonitor positioning, flows, and technicals using internal analytics and external research to anticipate volatility regimesActively contribute to risk management, hedging discussions, and portfolio construction, working closely with PMs on trade sizing and implementation The Profile 5+ years’ experience in developed market rates strategy, rates volatility, macro research, or a closely related roleStrong hands-on experience with rates options and volatility products is essential (swaptions, caps/floors, curve and spread vol)Deep understanding of rates volatility dynamics, optionality, convexity, and cross-market risk transmissionDemonstrated ability to translate complex macro and vol analysis into clear, tradeable ideasStrong communicator, comfortable operating in a PM-driven, risk-f