Portfolio Manager – Systematic Global Macro

Portfolio Manager – Systematic Global Macro (Rates/FX Focus) | Singapore
Location: Singapore (On-site/Hybrid)
The Mandate
We are partnering with a global multi-strategy firm in Singapore seeking a Portfolio Manager to operate a Systematic Global Macro strategy with explicit focus on Rates (DM/EM) and FX (majors/crosses). You will exploit cross-asset dislocations (rate differentials, carry dynamics, volatility regimes) through a disciplined, process-driven framework.
Your capital is Asia-Pacific focused but operates globally; you will have edge in EM currency markets and rate differentials that western-based competitors miss.
The Hard Questions (What You Will Solve)

• EM Currency Carry Under Central Bank Intervention: EM carry strategies are seductive but fragile. How do you identify sustainable carry opportunities (real positive yields) versus dangerous traps (currencies on the brink of devaluation)? How do you detect central bank intervention before your position blows up?
• Cross-Asset Dislocation Detection: Rate differentials drive FX moves, but with lags and friction. How do you systematically detect when USD rates spike faster than USDJPY appreciates? How do you trade the relative-value mismatch before consensus closes the gap?
• Tail Risk in EM FX During Crisis: Your strategy profits from carry and mean-reversion in normal times. But in crisis (taper tantrums, emerging market selloffs), correlations break and liquidity evaporates. How do you stress-test your portfolio for the scenarios when your hedges fail?

The Structural Edge

• Asia-Pacific Data Advantage: Real-time EM central bank datasets and FX microstructure that western firms cannot access as quickly. On-the-ground research in major EM markets (ASEAN, India, China).
• Multi-Currency Execution Infrastructure: Direct settlement across all major currencies. Real-time basis trading (USD/CNH, forward points, cross-currency swap spreads).
• Collaborative Pod Structure: You work alongside 3 other systematic PMs (dedicated rates, FX, and equity PMs). Zero silos. Your rates thesis gets cross-checked against your FX execution PM's view of the market.

Ideal Profile

• The Metric: 6–11 years of live trading in Global Macro, EM FX, or Systematic Rates. Sharpe ratio ≥ 1.5 over rolling 2-year windows. Demonstrated profitability in both carry strategies and volatility mean-reversion. Comfortable managing at least $150M in capital.
• The Tech: Daily use of Python and SQL. Backtesting frameworks. Bloomberg terminal mastery.
• Domain Mastery: Deep knowledge of EM currency markets (USDCNY, USDINR, USDBRL, USDKRW). Proficiency in rate differentials, carry strategies, and volatility surfaces. Intuitive grasp of central bank dynamics in EM markets.

Compensation & Preferences

• Availability: Seeking candidates with 12 months or lower notice/non-competes.
• Compensation: SGD 350K–SGD 560K (~$260K–$415K USD) + performance based bonus payout. 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.
• Relocation Support: Full visa sponsorship, housing support, and 6-month relocation package for international candidates.

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.