Portfolio Manager – LATAM Macro & Rates RV

Portfolio Manager – LATAM Macro & Rates

Location:

London / New York / Miami The Mandate

We are partnering with a global multi-strategy firm seeking a Portfolio Manager to run a LATAM-focused Macro Rates book spanning Brazil (SELIC, NDF, inflation-linked), Mexico (Banxico, TIIE curves), Colombia, and Peru. The mandate sits at the intersection of central bank regime analysis and precise RV trade construction across rates and FX. This is not a vanilla carry seat; the desk requires a demonstrable systematic overlay on top of discretionary macro intuition.

Process-driven, testable, and scalable.

The Hard Questions (What You Will Solve)

• Central Bank Pivot Detection

: How do you translate inflation data, FX pressure, and central bank communication into a systematic, actionable signal for regime pivots across Banxico, BCB, and Banrep — before consensus reprices the curve?

• Funding Dislocation vs. Crowded Carry

: LATAM funding markets (repo, FX swaps, cross-currency basis) misprice during regime transitions. How do you distinguish a genuine structural dislocation from a crowded carry trade about to reverse?

• Carry Decomposition Under Devaluation Risk

: How do you systematically separate justified carry (real growth, fiscal discipline) from a devaluation trap? What is your hedging framework when the carry signal and the macro signal diverge?

The Structural Edge

• Proprietary LATAM Intelligence

: Real-time central bank communication tracking, inflation surprise indexes, and FX flow data across Brazil, Mexico, Colombia, and Peru — not available to generalist EM funds.

• Direct Market Access

: Execution across B3, BMV, and OTC dealer networks. Algorithmic ordering optimized for regional liquidity patterns.

Ideal Profile

• The Metric

: 5+ years of verifiable live PnL in LATAM Rates/FX or EM Macro. Sharpe ≥ 1.3 over rolling 2-year windows. Demonstrated non-consensus positioning — not just consensus-aligned carry.

• The Tech

: Proficient Python/SQL for signal generation, RV model construction, and macro overlay backtesting. Bloomberg mastery. Not a pure quant, but frameworks must be testable and codifiable.

Compensation & Preferences

• Non-compete

: Preference for ≤12 months; buyouts considered for exceptional profiles.

• Compensation

: £200-300k + performance aligned 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.