Fixed Income Trader

EGB Execution Trader (Hedge Fund) – PM Track

London/ On-site

A global hedge fund with established macro and rates strategies, operating under a strong risk-managed, performance-driven culture. The firm is expanding its European Government Bond (EGB) capability and offers a clear pathway to Portfolio Manager responsibility for high-performing traders.

We are hiring an EGB Execution Trader to support discretionary and systematic rates and macro portfolios
. The role is execution-focused at entry, with structured progression toward risk-taking and PM ownership
.

This is a buy-side seat designed for a trader who wants to move beyond pure execution into P&L responsibility within a hedge-fund environment.

Execution & Market Coverage

• Execute trades across European Government Bonds (core, semi-core, and peripherals), including cash bonds, futures, and swaps
  .
• Manage broker and dealer relationships; source liquidity efficiently.
• Provide real-time market colour on flows, positioning, and microstructure.
• Work directly with PMs on trade structuring, timing, and sizing
  .
• Support relative-value, curve, spread, and directional strategies.
• Assist with intraday risk monitoring, P&L tracking, and post-trade review.

• Gradual assumption of risk ownership
  , subject to performance and discipline.
• Manage defined risk sleeves or sub-books within EGB strategies.
• Generate, pitch, and execute trade ideas with defined stop-losses and limits.
• Progression toward Junior PM / PM status with allocated capital.

• 3–8+ years’ experience in EGB trading or execution
  , ideally within a hedge fund, bank trading desk, or asset manager.
• Deep understanding of European rates markets
  , yield curves, and macro drivers.
• Strong execution skill and market awareness in volatile environments.
• Proven risk discipline and ability to operate under tight drawdown controls.
• Excellent communication and teamwork skills.

• Prior exposure to hedge-fund trading frameworks (P&L ownership, stop-losses, VaR, drawdown limits).
• Experience transitioning from execution to risk-taking or junior PM roles
  .
• Knowledge of basis, spread, and RV trading in EGBs.
• Python or data-analysis skills a plus.

• Performance-linked bonus Why Join
  • Direct access to senior PMs and decision-makers
  • Genuine PM career track
    , not a dead-end execution role
  • Institutional platform with strong infrastructure and risk support

  Please email  if you are interested, with a copy of CV.