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Portfolio Manager - Index Vol

Point One - Hedge Fund Talent

London

On-site

GBP 30,000 - 40,000

Full time

Yesterday

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Job summary

A $26bn hedge fund is seeking an experienced Portfolio Manager to manage an Index Volatility Relative Value book. The ideal candidate should have a strong track record in trading index volatility strategies and possess excellent quantitative skills. This role involves assessing market dislocations and collaborating with various teams to enhance strategy efficiency.

Qualifications

7+ years of experience trading index volatility strategies.
3+ year track record of risk-adjusted returns in a volatility RV context.
Deep expertise in index options markets.

Responsibilities

Manage a capitalized volatility RV portfolio focusing on global index options.
Identify relative value dislocations in implied vs realized vol.
Collaborate with internal teams to optimize portfolio performance.

Skills

Quantitative skills

Python

MATLAB

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A $26bn hedge fund is seeking an experienced Portfolio Manager to run an Index Volatility Relative Value book. The ideal candidate will have a strong track record of generating uncorrelated returns and managing risk within a defined mandate.

Key Responsibilities

Independently run and manage a capitalized volatility RV portfolio, focusing on global index options (e.g., SPX, EuroStoxx, Nikkei).
Identify and exploit relative value dislocations in implied vs realized vol, cross-index dispersion, calendar spreads, skew, and convexity.
Apply discretionary, quantitative, or hybrid techniques to develop high-conviction, risk-balanced trade ideas.
Monitor, evaluate, and optimize portfolio performance, drawdowns, and exposure metrics in real-time.
Collaborate with internal risk, execution, and data teams to maximize strategy efficiency and scalability.
Ensure full compliance with internal limits, regulatory requirements, and best practices in risk management.

Ideal Candidate Profile

7+ years of experience trading index volatility strategies at a leading hedge fund, proprietary trading firm, or investment bank.
Demonstrated 3+ year track record of consistent, risk-adjusted returns in a volatility RV context.
Deep expertise in index options markets, including volatility surfaces, term structure, and relative value modeling.
Strong quantitative skills; Python, R, or MATLAB proficiency preferred.
Familiarity with electronic execution, volatility analytics, and cross-asset hedging techniques.
Proven ability to work independently, manage risk responsibly, and contribute positively in a collaborative environment.

For more information: thomas@pointonetalent.com

Seniority level

Seniority level
Executive

Employment type

Employment type
Full-time

Job function

Job function
Finance
Industries
Financial Services and Capital Markets

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