Macro Commodities Options Strategist / Macro Commodities Options Strategistess

Overview

Balyasny Asset Management (BAM) is seeking a highly sophisticated, buy-side proven Options Strategist to join a macro portfolio management team based in Switzerland.

Responsibilities

• Trade Execution: Partner directly with the Portfolio Manager to translate high-conviction macro, commodity, and equity views into highly efficient options and derivatives structures. Experience executing sector baskets and determining optimal trade structures (e.g., spreads, outrights) to maximize capital efficiency and convexity.
• Greeks Optimization: Systematically monitor and manage the portfolio's options-specific risks, with a rigorous focus on theta bleed/decay, volatility surface dynamics, and trade timing.
• Downside & Tail-Hedging: Design, implement, and run robust tail-hedging and downside-protection frameworks. Ensure the portfolio is structurally insulated against tail risk, correlation breakdowns, and extreme market shocks.
• Portfolio Construction: Proactively identify and monitor "blind spots" within the book, including hidden factor exposures, correlation breakdowns under stress, and liquidity gaps across various market regimes.
• Drawdown Management: Formulate and manage drawdown mitigation processes, ensuring the net directionality of the book is dynamically adjusted and protected during periods of heightened volatility or performance drawdowns.
• Cross-Asset Market Trade Idea Generation: Help generate high-quality, high-conviction trade ideas across sectors and asset classes; Equities, Commodities, and FX to identify relative-value and directional opportunities.

Requirements

• Options & Volatility Expertise: An exceptional understanding of option pricing, volatility dynamics, and derivatives structures. While cross-asset options experience is highly preferred (specifically straddling Equities, Commodities, and Precious Metals), we welcome specialists from any asset class who demonstrate world-class derivatives expertise.
• Seasoned Buy-Side Experience: Candidates must possess significant, battle-tested hedge fund or proprietary trading firm experience. You should have navigated multiple market cycles, dealt with severe drawdowns, and managed risk in real-world, high-stress environments.
• Portfolio Construction & Risk Analytics: Strong quantitative capabilities with the ability to model complex, multi-asset portfolios, identify liquidity gaps, and stress-test assets during correlation breakdown periods.
• PM Collaboration: Outstanding communication and interpersonal skills. Ability to challenge assumptions, present complex risk trade-offs to the Portfolio Manager, and work collaboratively to optimize the book's risk-reward profile.
• Education: A degree in Finance, Mathematics, Economics, Accounting, or a related discipline; an advanced degree is a plus.
• Location: Ideally based in, or willing to relocate to, Zug or Geneva, Switzerland.

What We Offer

• Competitive compensation, inclusive of performance-based bonuses.
• Comprehensive benefits package.
• Pathways for professional growth and career development.
• A dynamic and supportive work environment where innovation and creativity are encouraged.
• Opportunity to be part of building a great business where your efforts are recognized and valued.

Apply online using the form below. Only applications matching the job profile will be considered.