USD Value Portfolio ManagerRole OverviewWe are seeking a USD Value Portfolio Manager with deep expertise in linear RV trading across the Treasury curve and its The role sits a Senior Global Bond RV PM X full autonomy X sleeve of capital with active idea for a larger, highly scaled global RV role is about extracting alpha from X, term premia, and technical macro storytelling and not long-vol heroics. You will run risk independently, trade actively, and contribute scalable, RV ideas to the core portfolio.****************Key ResponsibilitiesIndependent Portfolio ManagementManage an autonomous USD RV sleeve with defined risk limits and direct P&L accountability Construct and manage linear value positions across: Treasury cash bonds Treasury futures Interest swaps and swap spreads OIS vs Treasuries Focus on curve, butterfly, spread, and roll-down driven than outright directional exposureCurve & Structure-Based Alpha mispricings along and between Treasury curves, driven by: Supply/demand imbalances and issuance dynamics Dealer balance sheet constraints Central bank policy and Funding, and basis effects Design trades exploit: Curve shape distortions Forward mispricing Sector richness/cheapness On-the-run vs off-the-run dynamics Maintain tight discipline around carry, roll, and convexity & intelligently to express RV views, including: Futures vs cash Swap vs Treasury spreads IMM X -starting structures Optimize trade construction for: Capital efficiency Liquidity Execution cost Manage basis risk between instruments rigorously—no hand-waving allowedContribution to the Main scalable linear RV ideas suitable for deployment on the Senior PM s core Global Bond RV portfolio Provide structured trade with: Clear entry points Risk limits Expected carry/roll profile Scenario outcomes Actively engage in portfolio-level discussions around curve positioning, net and cross-market alignmentRisk Management & DisciplineMaintain strict controls around: neutrality Curve exposure by tenor or structure Actively monitor regime shifts (QT/QE, changes, policy uncertainty) and adjust positioning accordingly Conduct rigorous post-trade analysis and drawdown reviews jida2f145baen jit0207aen jpiy26aen