Portfolio Manager
MCP (Switzerland) Sàrl
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
The Portfolio Manager will support a Senior Portfolio Manager in the systematic trading of interest rate derivatives, cross-currency products, and long-dated currency derivatives across developed and emerging markets, generating high-quality risk-adjusted returns through the effective deployment of allocated Firm capital.
What You’ll Do
- Formulate and implement relative value investment strategies across global fixed income and macro markets.
- Manage a multi-currency, multi-product portfolio with a focus on generating strong risk-adjusted returns through disciplined risk-taking and scalable capital deployment.
- Identify and execute trading opportunities across linear and non-linear rates products, including swaps, options, cross-currency instruments, sovereign rates products, and related macro instruments.
- Conduct fundamental and quantitative analysis across macroeconomic, geopolitical, central bank, and market-technical factors to generate trade ideas and inform portfolio positioning.
- Develop and enhance analytical infrastructure, data frameworks, and tools, including PnL analytics, PCA modelling and back testing, to support investment decision-making, portfolio construction, and risk management.
- Build and maintain relationships with internal stakeholders and external counterparties to support effective portfolio implementation, market access, and trading outcomes.
- Monitor positions, exposures, liquidity, and risk limits on an ongoing basis, and optimize execution and trade efficiency on a cost-adjusted basis.
- Maintain compliance with all applicable regulatory, legal, and internal policy requirements.
Qualifications/ Skills Required
- At a minimum a Bachelor’s degree in Economics, Finance, Mathematics, or a closely related quantitative discipline.
- Minimum of 10 years of experience trading global fixed income rates and macro markets (including G10 markets with a specific focus on Japan and Australia), with substantial expertise in interest rate derivatives, cross-currency products, and related relative value strategies - specifically Interest Rate Swaps (IRS), Cross-Currency Swaps (Xccy), and Bonds.
- Minimum of 2–3 years of portfolio management experience managing a macro / interest rate / FX relative value investment strategy within an institutional trading environment.
- Experience operating successfully in a high-performance trading environment and working collaboratively within a team of investment professionals.
- Demonstrated experience managing multi-currency, multi-product portfolios across both developed and emerging markets.
- Experience conducting independent research into market trends and activity across global cross-currency markets.
- Strong expertise in trading and portfolio management of linear and non-linear rates products, including interest rate swaps, options, cross-currency derivatives, and sovereign fixed income instruments.
- Strong analytical, mathematical, portfolio construction, and risk management skills, with the ability to evaluate complex exposures across multiple products and market regimes.
- Experience building, enhancing, or applying quantitative models, risk analytics, and trading tools to support portfolio optimization and investment decision-making is essential.
- Excellent English verbal and written communication skills, with the ability to engage effectively with internal stakeholders, sell-side counterparties, data providers, and senior management.
