Onyx Alpha Partners
Associate Portfolio Manager - FX & Cross-Currency Basis
Get notified of more jobs like this · No spam, ever
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Associate Portfolio Manager - FX & Cross-Currency Basis
The Mandate
Trade FX forwards and cross-currency basis inside an established multi-manager, multi-strategy hedge fund pod. You run a risk allocation alongside the PM and build the Python tools that find, size and manage the trades. This is a risk-taking seat with a defined allocation, not a support role. Not a directional FX seat. The edge is in basis and funding dislocations, not macro views.
The Hard Questions (What You Will Solve)
- What is driving the basis: balance sheet costs, quarter-end funding or hedging flows, and how do you tell which one is in play?
- How do you size and hold a basis trade when funding costs move against you before it converges?
- How do you turn a trade idea into a repeatable framework in Python, from data and signals to sizing and risk, that still works when the size grows?
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
The Structural Edge
- Pod capital with a clear path to a larger allocation as the book proves out.
- Existing data, execution and risk infrastructure, so you build signals, not plumbing.
- Direct mentorship from an experienced PM in the same seat.
Ideal Profile
The Metric
- 3+ years working in a fund, ideally a multi-manager or single manager hedge fund firm.
- Hands-on exposure to FX swaps, cross-currency basis or STIR.
- Strong analytical depth, shown through a robust framework with a proven record of scaling ideas as size and capital grew.
- Trade ideas you can walk through end to end: the thesis, the sizing, the risk and the outcome.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
The Tech
- Strong Python for analytics, backtesting and research (pandas, numpy).
- Comfortable working with large market datasets. SQL is a plus.
Compensation & Preferences
- Non-compete: 6 months expected. Garden leave is negotiated case by case.
- Compensation: £190k-250k plus discretionary and very competitive, set by experience and track record.
- Relocation: International relocation support is available.
- 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.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Location