Portfolio Manager (Rates & FX Volatility)

About the Opportunity

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Responsibilities

• Manage a discretionary portfolio focused on global rates and FX volatility strategies, including directional, relative value, and volatility-based trades.
• Identify and implement macro and micro-driven opportunities across yield curves, FX pairs, and volatility surfaces.
• Maintain robust risk discipline, adhering to internal limits and stress-testing frameworks.
• Conduct top-down macroeconomic and policy analysis to call directionality in vol markets.
• Develop and refine volatility and correlation models to capture relative value opportunities.
• Collaborate with strategists and economists to translate macro themes into actionable trade ideas.
• Execute trades efficiently across linear and non-linear instruments with diligent delta hedging capability.
• Maintain strong relationships with sell-side counterparties, liquidity providers, and market makers to ensure optimal execution and flow insights.
• Work closely with other PMs and analysts to align portfolio themes and manage cross-asset exposures.
• Communicate portfolio views, performance drivers, and risk metrics to senior management and investment committees.

Qualifications & Experience

7–12 years of relevant experience in macro trading, portfolio management, or proprietary trading with a focus on Rates and FX volatility. Strong understanding of global macroeconomics, monetary policy, and cross-market linkages. Proven track record of generating risk-adjusted returns in volatility or relative value strategies. Deep familiarity with derivatives (options, swaptions, vol swaps etc.) and market microstructure. Excellent communication skills and ability to articulate complex market views clearly.

About Company

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. We believe in flexibility to do our best work and be our best selves. GIC is an equal opportunity employer that values diversity and does not discriminate based on various factors. Learn more about our Fixed Income Department here.

Benefits

• Ambitious, agile, and diverse teams
• Empowerment to push boundaries and pursue innovative ideas
• Be heard and share your views
• Anchor on PRIME Values: Prudence, Respect, Integrity, Merit, and Excellence
• Inspire to make an impact