Sub-Portfolio Manager – Single-Stock Volatility Relative Value

The Sub-Portfolio Manager will be based in Singapore and will support the management of a dedicated single-stock volatility relative value strategy within Dymon Asia's broader multi-strategy investment platform. The role will focus primarily on European and U.S. equity volatility markets, with additional coverage of index dispersion, single-stock dispersion, sector dispersion, index volatility, and related peripheral market opportunities. The individual will be expected to identify and execute on relative value opportunities across single-name equity options, sector indices, index options, volatility surfaces, implied-versus-realized volatility, skew, term structure, correlation, and dispersion frameworks.

The role requires strong expertise in equity derivatives, volatility trading, portfolio construction, risk management, and cross-market relative value analysis. The Sub-Portfolio Manager will be expected to generate trade ideas, structure and manage option portfolios, monitor exposures across Greeks and factor risks, and work closely with the senior portfolio managers, risk management, execution, and technology teams within the firm's governance framework. The strategy will involve active analysis of macro, sectoral and idiosyncratic catalysts across European and U.S. equities, including earnings, corporate events, index rebalances, sector rotations, liquidity conditions and volatility regime shifts.

Key responsibilities include managing a risk-controlled volatility relative value portfolio, developing and maintaining analytical frameworks for dispersion and correlation trading, assessing volatility opportunities across indices and single stocks, contributing to the firm's equity derivatives investment process, and ensuring that all trading activity is conducted within Dymon Asia's risk management, compliance and governance policies. The role is intended to support the continued development of Dymon Asia's Singapore-based equity derivatives and volatility investment capabilities.

Core Responsibilities

• Support the management of a single-stock volatility relative value sub-portfolio focused primarily on European and U.S. markets.
• Identify relative value opportunities across index dispersion, stock dispersion, sector dispersion, implied/realized volatility, skew, correlation, and volatility term structure.
• Trade and risk-manage listed equity options, index options, sector indices and related volatility instruments in accordance with applicable internal limits and controls.
• Build and maintain quantitative and discretionary frameworks for volatility pricing, correlation, dispersion, and relative value analysis.
• Monitor portfolio exposures across delta, gamma, vega, theta, skew, correlation, liquidity and event risk metrics.
• Work closely with senior PMs, risk management, execution, operations and technology teams to support robust implementation and risk oversight.
• Contribute to the continued development of Dymon Asia's Singapore-based equity derivatives and volatility investment capability.

Candidate Requirements

The candidate should have significant experience trading equity derivatives trading, preferably within a hedge fund, proprietary trading, investment bank, or multi-manager platform environment. Strong knowledge of European and U.S. equity markets, listed options, index volatility, dispersion, correlation trading, and risk management is essential. The role requires strong analytical skills, disciplined portfolio construction, the ability to operate within a multi-strategy platform environment, and experience managing risk within liquid, exchange-traded volatility markets.