Onyx Alpha Partners
Quantitative Trader (RV Rates & FX)
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Quantitative Trader (RV Rates & FX)
Quantitative Trader (RV Rates & FX)
Location: London (on-site)
The Mandate
We are partnering with a premier multi-strategy fund to place a Quantitative Trader into a Fixed Income Relative-Value pod, working directly alongside two RV Portfolio Managers.
This is strictly a relative-value seat; it is not a macro pod or discretionary PM track. You will trade RV dislocations across G10 rates and FX under PM oversight, not run an independent book on day one. The desk already has curve and pricing infrastructure in place. Your edge comes from applying distinct, rigorous quantitative techniques to that data to find alpha, and from owning execution, risk management, and the automation that lets two books scale without added technical debt.
The Hard Questions (What You Will Solve)
- Alpha Generation: How do you apply distinct, rigorous quantitative techniques (cointegration and regime detection, for example) to existing curves and surfaces to separate persistent dislocations from noise?
- Execution Pragmatism: How do you manage the daily execution of fleeting RV dislocations, automate spread capture, and handle carry/roll calendars with minimal drag?
- Risk & Automation: How do you build risk dashboards (including blotters) and automated checks that give two RV books real-time exposure visibility without adding technical debt?
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The Structural Edge
- Trading Experience & Code > Pedigree: Real trading experience in fixed income RV, rates, or FX, paired with strong production-grade coding ability, matters more than brand-name pedigree. Candidates from quant or systematic shops with genuine statistical rigor are preferred over generalist macro risk-takers with no signal-testing discipline.
- Earned Evolution: The seat begins with execution, risk, and automation ownership. Full risk-taking authority is earned through demonstrated trading judgment and infrastructure impact, not promised on day one.
Ideal Profile
- The Metric: 3–5 years trading or researching fixed income RV, rates, or FX. Archetypes we're targeting: Fixed Income RV Traders (bank or fund), Rates/FX Basis Traders running systematic or semi-systematic books, Quant Traders from prop trading firms or systematic macro funds, and Fixed Income Quant Strats with live execution ownership.
- The Tech: Strong programmer first, production-grade Python with C++ or Rust valued. You apply distinct, rigorous statistical techniques to analyze curves, spreads, and surfaces that already exist; you are not building curve infrastructure from scratch.
- The Mindset: A trader who thinks in probabilities and builds the tools to back their own judgment. Not an aspiring macro PM using this as a stepping stone. You want a seat where your models drive P&L, not just plumbing.
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Compensation & Preferences
- Non-compete: Preference for ≤12 months.
- Compensation: £130k–£175k + Discretionary Bonus
(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.)
Apply Now
At Onyx Alpha Partners, we are committed to connecting the most sought after talent in the financial world, to opportunities that expand the universe of unconstrained performance within their chosen discipline. If this opportunity aligns with your career aspirations, we encourage you to apply and explore the potential for growth and unparalleled success.
“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
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