Sub-Portfolio Manager, Systematic Macro Trading

Onyx Alpha Partners; United States; On-site; USD 250,000 - 340,000; Full time

Job summary

Onyx Alpha Partners is seeking a Sub-PM to own the build-out of a systematic macro futures book within an established pod in NYC. You will translate signal logic into a codified, rule-based trading framework with no discretionary overrides once live.

Ideal candidates have 5–8 years running systematic macro futures risk, a live track record across volatility regimes, and strong Python, with C++ exposure a plus for execution-adjacent work.

Qualifications

• 5–8 years in systematic macro futures risk with a live track record.
• Live track record through at least one volatility regime change.
• Sharpe ratio above 1.5 net of costs.

Responsibilities

• Own the build-out of a macro futures book within the pod.
• Manage signal logic, sizing and live trading under guidance.
• Collaborate with existing infrastructure and research stack.

Skills

Python

Signal research

Portfolio construction

C++ exposure

Tools

Futures data infrastructure

Job description

Location: NYC

The Mandate

An established pod inside a multi-strategy platform, already running size in another systematic strategy, is extending into systematic macro futures across rates and FX. The pod head is hiring a Sub-PM to own this build-out: a fully codified book where signal logic and sizing are rule-based, with no discretionary override once a trade is live.

This sits inside an existing pod structure, not as a standalone launch. Capital and infrastructure are already in place. What is missing is the macro futures expertise to run the book day to day, working under the pod head's existing platform relationship.

The Hard Questions (What You Will Solve)

Infrastructure Transfer Risk: the pod's existing signal and execution stack was built for a different strategy. How do you determine what transfers cleanly to macro futures and what requires a bespoke build, without quietly inheriting assumptions that don't hold?

Early Track Record Under an Established Book's Shadow: your new vertical's early P&L will be compared against the pod's existing performance from day one. How do you structure a capital ramp that proves the strategy without becoming a rounding error against the pod's main book?

Correlation to the Existing Book: a new macro futures vertical inside a pod that already runs other systematic books creates aggregate correlation risk the pod head has to manage. How do you build a return stream that is genuinely diversifying rather than a relabelled version of what the pod already runs?

The Structural Edge

Established Pod Infrastructure: a shared research and execution stack already proven across another asset class, with pod head sponsorship for the new vertical.

Capital Ramp Tied to Validation: signal validation drives scaling, not a fixed AUM target set on day one.

Headcount Budget to Build: a mandate to hire a small team as the book scales.

Ideal Profile

The Metric: 5-8 years running systematic macro futures risk at sub-PM or senior researcher level, with a live track record through at least one volatility regime change. Sharpe above 1.5 net of costs.

The Tech: Python for signal research and portfolio construction, with futures data infrastructure fluency (continuous contracts, roll handling). C++ exposure is a plus for execution-adjacent work.

Compensation & Preferences

Non-compete: Preference for under 12 months.

Compensation: $250,000 to $340,000 base plus a formulaic P&L cut.

This is not a guarantee of compensation or salary; a final offer amount may vary based on factors including but not limited to experience, domain expertise, and geographic location.