Portfolio Manager, Single Stock Volatility

The Mandate

A senior single stock volatility PM seat at an established multi-strategy platform. Mandate covers listed and OTC vanilla single-name options across US, European, and global equities, with flexibility by candidate edge. Strategy scope includes dispersion, earnings volatility, event-driven vol, skew, term structure, and index-versus-single-name dislocations. Initial allocation of $175m, scalable to $500m. The platform provides significant capital, advanced risk infrastructure, deep execution support, and high autonomy with clear accountability.

Requirements

Three or more years of portable P&L in single stock volatility, equity derivatives, or options market-making with directional risk ownership. Strong command of vanilla single-name options, event risk, greeks, skew, and index-single-name relationships required. Light exotics experience advantageous. Must evidence disciplined hedging, robust scenario analysis, and a repeatable process for identifying mispriced idiosyncratic volatility.