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Associate Portfolio Manager - Rates

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Job Locations
London, New York
Employment Type
Regular
Department
Trading
Targeted Start Date
Immediate

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1,200 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

We are looking for a motivated macro rates trader to contribute his/her market expertise in trading USD, EUR and GBP securities and derivatives. The associate PM is expected to evaluate market opportunities, generate trade ideas and assist the PM in managing the overall portfolio. He/she must be a strong communicator with the broker-dealer community and is able to actively source relevant information in a timely manner to stimulate discussion among team members.

Responsibilities:

  • Establish good relationships with dealers to facilitate frequent discussions regarding market conditions
  • Source relevant market information to team in a timely manor
  • Monitor portfolio performance and associated risk exposures
  • Create trade ideas that will produce PnL, but also stimulate discussion among team
  • Guide junior team member in gaining market knowledge and project execution

 Qualifications:

  • 2-5 Years of trading experience in US, Europe and UK rates, including bonds and derivatives
  • Complete understanding of macro factors driving interest rate markets, including fundamental economic data, central bank policy actions, and short-term flow dynamics
  • Strong foundation in fixed income analytics for bonds, futures, swaps as well as risk analytics and PnL components
  • Knowledge of exchange-traded options and swaption risks including greeks
  • Hands-on programming experience in Python
  • Collaborative mindset
  • Strong communicator with proven relationship management skills
  • Efficient and capable of working independently
  • Bachelor degree in a Finance, Economics or a quantitative field such as Math, Science, or Engineering
  • Based in New York or London

 

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