What are the responsibilities and job description for the 2026 Market Risk Analyst position at AQR Capital Management?
AQR Capital Management
AQR is a global investment firm built at the intersection of financial theory and practical application. We strive to deliver concrete, long-term results by looking past market noise to identify and isolate the factors that matter most, and by developing ideas that stand up to rigorous testing. By putting theory into practice, we have become a leader in alternative strategies and an innovator in traditional portfolio management since 1998.
At AQR, our employees share a common spirit of academic excellence, intellectual honesty and an unwavering commitment to seeking the truth. We're determined to know what makes financial markets tick - and we'll ask every question and challenge every assumption. We recognize and respect the power of collaboration and believe transparency and openness to new ideas leads to innovation.
The Team
AQR's Risk Management team has direct responsibility for monitoring and managing market, liquidity, credit, model and operational risk exposures of firm-managed investments. The team performs a wide range of primary and macro driven research, including stress testing, scenario analysis, and hedging methodologies. The risk department works closely with the firm's many portfolio managers, researchers and traders across macro, equity, credit and derivatives markets in order to holistically manage the firm's risks.
Your Role
Analysts will contribute to a variety of the Risk team's functions and gain practical experience in managing market risks. The role will include research and development of risk methodologies, conducting quantitative investigations and providing ongoing support to risk managers.
Responsibilities include:
- Gain exposure to the many types of market and liquidity risks when managing investment strategies and partner with a seasoned risk manager on a series of varied analytics.
- Incorporate the outcomes of successful research to develop methodologies for risk management, and improve existing ones
- Provide quantitative support to risk managers, including monitoring of investment risk and market risk measures, across portfolios and asset classes
- Support daily risk processes, including active risk management as well as limits monitoring and related escalation procedures
- Participate in new projects, client development initiatives, and ad-hoc activities
What You'll Bring
- December 2025 or Spring 2026 graduate in a quantitative field (This role is part of our first-year campus analyst class, not for experienced candidates)
- Strong interest in markets and risk management
- Familiarity with financial instruments and risk metrics (including, but not limited to: risk exposures, duration, beta, volatility, option Greeks)
- Prior experience using a high-level programming language (e.g. Python, Matlab, C ) as a research tool
Who You Are
- Committed to intellectual integrity, with a high degree of ethics
- Mature and thoughtful, with the ability to operate within a collaborative, team-oriented culture
- Hard working and eager to learn in a highly intellectual, innovative environment
- Well-organized, detail-oriented; able to multi-task and keep track of various deadlines
- Look beyond the surface level to understand the underlying details
AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY