Senior Rates Portfolio Manager (GBP/EUR)

Role Overview

We have partnered with a leading alternative investment manager looking to hire a Senior Macro Portfolio Manager to join their highly respected macro investment unit in Zurich. This is a senior, Principal-level seat and the number two on the team, reporting directly to the Head of Macro.

The ideal candidate will bring deep expertise in UK Rates, Gilts, and UK Inflation, combined with strong leadership presence and the ability to engage credibly with senior stakeholders. Any experience trading Euro Rates/EGBs is also a major plus.

This is not a pure risk-taking role - the team head is looking for someone polished and articulate who can drive a large balance sheet, lead a team, and present with authority to senior management committees.

This is a high-impact seat within a technically sophisticated team trading significant volumes across G10 Rates, Rates Vol, Govvies, FX, and Credit. The successful candidate will take ownership of portfolio risk on the existing Euro rates and EGB book from day one, with UK rates increasingly becoming a focus over time through a collaborative partnership with a recently acquired UK platform. It is an exceptional opportunity for someone ready to step into a front-line leadership role within a collaborative, world-class platform.

Key Requirements & Qualifications

• 10-15 years of experience in a Portfolio Management or Treasury PM capacity, with genuine risk-taking responsibility
• Deep expertise in UK Rates, Gilts, and/or UK Inflation - this is essential and the primary anchor for the role
• Strong fluency across Euro Rates and European Government Bonds (EGBs)
• Demonstrable track record of running real risk in size on a credible institutional platform - must have personally managed large positions, not just supported or executed for others
• Excellent communication skills, executive presence, and gravitas - ability to command a room and present to senior committees
• Prior experience managing or mentoring junior portfolio managers or analysts
• Strong academic pedigree from a leading university
• EU citizenship or existing Swiss work permit required - the role is based full-time in Zurich

Desirable

• Rates Vol/Options experience
• Insurance, ALM, or LDI background
• Understanding of the pension risk transfer or bulk purchase annuit
• Familiarity with liability-driven investment frameworks
• Technical proficiency - able to guide quantitative Associates on model development