
Pharo Management · London
Execution Trader Who we are: Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in ...
Execution Trader
Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in
London, New York, Hong Kong and Abu Dhabi, and currently manages $8 billion in assets across four funds. Pharo trades foreign
exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70
countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our
investment approach combines macroeconomic fundamental research and quantitative analysis.
Pharo employs a diverse, dynamic team of 135 professionals representing over 20 nationalities and 30 languages. We have a strong
corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we
do and are committed to attracting the best and brightest talent.
This is a great opportunity to join a market leader and contribute to our continued success.
We are looking to hire a trader to join our execution team in London. The execution team handles all trading for the firm. They
are a crucial component of Pharo’s global investment team, allowing us to trade in large volumes while minimizing our footprint.
Besides executing trades, they are also responsible for giving market colour to the portfolio managers, recommending trade ideas,
evaluating liquidity and weighing on investment decisions. They participate in risk meetings and work closely with all our
economists and portfolio managers. Execution traders are Pharo’s link to the street and are crucial to maintaining good
relationships. We hire individuals who have scope to grow within the firm and who will fit in Pharo’s collegial environment.
credit
Work status and location
Assistant Portfolio Manager Who we are: Pharo Management is a leading global macro hedge fund with a focus on emerging markets. Founded in 2000, the firm has offices in London, New York, Hong Kong and Abu Dhabi, and currently manages $8 billion in assets across four funds. Pharo trades foreign exchange, sovereign and corporate credit, local market interest rates, commodities, and their derivatives. We trade in over 70 countries across Asia, Central and Eastern Europe, the Middle East and Africa, Latin America as well as developed markets. Our investment approach combines macroeconomic fundamental research and quantitative analysis. Pharo employs a diverse, dynamic team of 140 professionals representing over 20 nationalities and 30 languages. We have a strong corporate culture anchored in core values such as collaborative spirit, creativity, and respect. We are passionate about what we do and are committed to attracting the best and brightest talent. This is a great opportunity to join a market leader and contribute to our continued success. Job description: We are seeking an Assistant Portfolio Manager to support and report directly to a Portfolio Manager. The successful candidate will play a key role in the day-to-day management of the portfolio and in supporting active trading strategies. Responsibilities will include: * Support the Portfolio Manager in the day-to-day management and oversight of the portfolio * Monitor trades with a focus on risk management, stop-loss and profit targets, and closely track price action * Assist with trade execution, portfolio rebalancing, FX hedge adjustments, and accurate trade booking * Support the implementation, monitoring, and performance attribution of active strategies within the portfolio * Monitor and track key market events and external research, with particular emphasis on generating and sourcing market colour for CEEMEA and Asia * Contribute to improving investment processes, including through the use of automation (e.g. model-based approaches) * Build and maintain strong working relationships with execution traders and other portfolio managers locally Required qualities and skills: * 2 - 5 years of fixed income trading or front-office investment experience, with a focus on credit, rates and/or FX * Degree in Economics or a quantitative discipline * Exceptional academic record, analytical and numerical skills; some knowledge of Python/VBA preferred * Experience or exposure to CEEMEA/Asia markets * Ability to work effectively under pressure while maintaining a high level of accuracy and attention to detail * Self-motivated, highly organised, and proactive in problem-solving * Strong written and verbal communication skills * Demonstrated strong work ethic and collaborative team approach Work status and location: * Full time in London
We're building out a trading initiative in London, with a growing focus on listed commodities options. This expansion is supported by a mix of internal talent and experienced external hires. With a collaborative and entrepreneurial culture, the team offers a unique opportunity to help shape and scale a new desk from an early stage. The group combines deep expertise with broad trading experience and values innovation, ownership, and cross-functional collaboration. As the desk continues to grow, there will be increasing opportunities to take on broader responsibilities and contribute meaningfully to its success. Your Core Responsibilities * Manage broker relationships in the Commodities team Be able to take lots of responsibility and ownership early in your time here to drive the strategy forward * Closely collaborating and effectively communicate with Vol and Screen traders to manage risk portfolios * Leverage an entrepreneurial mindset to identify and research new trading opportunities * Perform trades analysis to improve trading Your skills and experience: * 2+ years of experience as an Execution/Broker Trader * BS, MS preferably in business, economics or STEM * You have a quantitative and strategic mindset and a healthy appetite for risk * Strong technical skills in Statistics and Python * You have a proven ability to act and make decisions in a fast-paced and competitive environment * You are analytical, passionate about reflecting on past trades, and always seeking to do better * Strong communication and teamwork abilities About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.
At IMC we run volatility trading strategies which are separate from our usual low-latency, execution based market making strategies. We rely on macro research and historical signals to place opinionated, relative value trades on asset classes globally. IMC is successfully ramping up its volatility trading strategies. To accelerate growth we are looking to expand the team with experienced traders. Your Core responsibilities: * Maximize revenue by both finding, and then capitalising on short term mispricing, as well as managing larger positions * Work closely with our best-in-class research and quant teams to analyse your results and improve your approach * Take responsibility and ownership early to drive strategies forward and be successful * You will be instrumental in assisting us with our strategic goal to build our options trading globally, with a focus on positional market making and relative value strategies Your Skills and Experience: * 4+ years of experience as a Trader at a prop trading firm / market maker managing your own book * Prior experience of options position trading in Indian markets is good to have. * Experience in computer programming is desirable (Python, C/C++, Java, Matlab, SQL). * Entrepreneurial mindset, healthy risk appetite, competitive by nature and fast decision maker * Excellent numerical and analytical skills. About Us IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.