Interest Rates Volatility & Derivatives Strategist London

We are exclusively partnering with a high-performing boutique macro pod at a London-based multi-strategy hedge fund to hire a Rates Volatility & Derivatives Strategist. The role sits directly alongside Portfolio Managers, with clear ownership across idea generation, risk framing, and portfolio construction.

The Role

• Lead coverage of developed market rates with a core focus on volatility and options, spanning cash, futures, swaps, swaptions, caps/floors, and curve vol
• Generate actionable rates volatility trade ideas, including relative value, curve and surface dislocations, carry/roll, and event-driven convexity opportunities
• Analyse and structure trades around optionality, convexity, and tail risk, with clear articulation of P&L drivers and risk profiles
• Identify macro catalysts for rates volatility, including central bank policy, inflation dynamics, supply/demand, and positioning
• Build and maintain volatility and options monitoring tools, tracking surface dynamics, skew, term structure, and cross-market relationships
• Monitor positioning, flows, and technicals using internal analytics and external research to anticipate volatility regimes
• Actively contribute to risk management, hedging discussions, and portfolio construction, working closely with PMs on trade sizing and implementation

The Profile

• 5+ years’ experience in developed market rates strategy, rates volatility, macro research, or a closely related role
• Strong hands-on experience with rates options and volatility products is essential (swaptions, caps/floors, curve and spread vol)
• Deep understanding of rates volatility dynamics, optionality, convexity, and cross-market risk transmission
• Demonstrated ability to translate complex macro and vol analysis into clear, tradeable ideas
• Strong communicator, comfortable operating in a PM-driven, risk-focused environment

This role represents a compelling next step for a rates volatility strategist or derivatives-focused macro analyst seeking closer alignment with Portfolio Managers and direct influence over investment outcomes within a high-quality hedge fund platform.

To apply, please send your CV to:

mailto:[email protected]