Portfolio Manager

Role OverviewWe have partnered with a leading alternative investment manager looking to hire an Associate Macro Portfolio Manager to join their highly respected macro investment unit in Zurich. The ideal candidate will bring a deep understanding of European Government Bonds (EGBs), including market structure, issuance patterns, and spread behavior, as well as a broader grounding in G10 Rates. This is not a purely analytical role - the firm is looking for someone who is ready to transition into active risk-taking in the near term, with a clear path toward assuming portfolio risk and pnl responsibility.This is a high-impact seat within a technically sophisticated team trading significant volumes across EUR Rates, Rates Vol, Govvies, FX, and Credit. The successful candidate will take ownership of trade idea generation, modeling and analytics, and contribute directly to portfolio construction and risk discussions. It is an exceptional opportunity for someone who is intellectually curious, deeply engaged in bond markets, and looking to step into a front-line portfolio management role within a collaborative, highly respected team.Key ResponsibilitiesTrade & Idea GenerationContribute to macro and EGB trade ideas across 6-24 month horizons, with a focus on spread dynamics, relative value, and market structureSupport strategic and tactical portfolio construction through data-driven insightsAnalytical & Modelling SupportBuild and maintain models and frameworks to analyze rates and EGBs, including curve modeling, spread decomposition, and scenario analysisQuantify and visualize risk, carry, and valuation across sovereign curvesRisk Coverage & DelegationProvide risk coverage for senior PMs and step in to oversee portfolio segments as requiredProgressively take ownership of analytical and tactical elements of portfolio risk managementResearch & Market StrategyProduce concise market commentary and strategic research for internal and external stakeholdersDistill complex macro and technical concepts into actionable insightsCollaboration & Cross-Functional IntegrationWork closely with other PMs, strategists, and balance sheet management teams to ensure optimal portfolio alignmentRequirements & Qualifications5–9 years’ experience as a Rates Strategist, Desk Strategist, Rates Trader, or Portfolio Manager, with strong knowledge of EGBs/European RatesSolid experience in EGBs / Govies and EUR rates, and have experience generating tradeable ideas in that spaceFluent in Python with strong coding and data analysis skillsExcellent understanding of curve dynamics, cross-market spreads, and macro fundamentalsDemonstrable quantitative reasoning and problem solving abilityBachelor’s or Master’s degree from a top-tier university in Economics, Finance, Engineering, or related quantitative fieldsClear, concise communicator with the ability to simplify complex market dynamicsCollaborative, pragmatic, and commercially aware personality