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ETF Sub Portfolio Manager
Job in
Greater London, London, Greater London, EC1A, England, UK
Listed on 2026-01-15
Listing for:
Point One - Hedge Fund Talent
Full Time
position Listed on 2026-01-15
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Financial Consultant
Job Description & How to Apply Below
A leading global hedge fund with approximately $35bn in AUM is seeking an experienced ETF Sub-Portfolio Manager to join a highly successful Delta One Senior PM in London. The role will work closely with a well-established, top-performing Portfolio Manager and will play a key role in alpha generation, risk management, and execution across global ETF and index-linked products.
This is a high-impact position offering significant responsibility, strong visibility, and a clear pathway toward increased capital and autonomy for top performers.
Responsibilities- Act as Sub-PM within a Delta One pod, contributing directly to P&L generation
- Design, implement, and manage relative-value, arbitrage, and directional strategies across ETFs, futures, and index instruments
- Identify pricing inefficiencies between ETFs, baskets, futures, swaps, and underlying constituents
- Manage risk tightly, including intraday and overnight exposures, factor sensitivities, and liquidity constraints
- Partner closely with the lead PM on portfolio construction, idea generation, and trade structuring
- Work with execution, trading, and technology teams to optimise trade implementation and reduce costs
- Monitor market microstructure, flows, rebalances, index changes, and corporate actions
- Contribute to ongoing enhancement of models, tools, and analytics supporting the Delta One strategy
- Proven experience in ETF trading at a hedge fund, proprietary trading firm, or top-tier investment bank
- Strong track record of risk-adjusted returns as a trader, sub-PM, or PM
- Deep understanding of ETFs, futures, swaps, index arbitrage, and basket trading
- Excellent risk management discipline and ability to operate within tight drawdown and volatility limits
- Strong quantitative and analytical skillset; coding experience (Python, VBA, SQL, or similar) is advantageous
- Ability to thrive in a fast-paced, performance-driven hedge fund environment
- Entrepreneurial mindset with a collaborative approach to working within a pod structure
For more information:
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