What are the responsibilities and job description for the 2027 Portfolio Implementation Analyst position at AQR Capital Management?
About 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
The Portfolio Implementation, Trading and Portfolio Finance team is responsible for the construction, optimization, and management of AQR's systematic portfolios as well as for the efficient trade execution and financing of AQR's investment strategies. The department comprises portfolio implementation, trading, and financing specialists.
Portfolio Implementation specialists work closely with multiple groups across the firm to bring to market new systematic investment strategies and refine existing ones, across a broad range of investment mandates and across global markets. The Portfolio Implementation team, together with the researchers, shares the responsibility over the investment and risk management of AQR's portfolios, in a collaborative and intellectually stimulating environment.
Your Role
A successful Portfolio Implementation Analyst will become intimately familiar with global financial markets, financial economics, asset management, quantitative investing and AQR's investment philosophy. This role offers the opportunity to work with senior investment professionals within the firm and exposes the candidate to all aspects of portfolio management, in particular:
- Portfolio Construction: optimize portfolios based on model views, market frictions, and investment guidelines
- Portfolio Implementation Research: research and improve portfolio construction and optimization techniques
- Model Research: play an integral role in the implementation and improvement of new and existing systematic signals
- Analytics: manipulate and analyze large datasets to identify patterns in the performance and characteristics of AQR's portfolios
Mentorship and constructive performance review will be a focus throughout your time as you work towards earning a full-time role.
What You'll Bring
- December 2026 or Spring 2027 graduate in a quantitative field (e.g. Finance, Economics, Computer Science, Math, Engineering, etc.) with a desire to work in the financial services industry
- A Bachelor's or Master's degree
- Strong technical aptitude with demonstrated experience and knowledge of programming languages (Python, MATLAB, R) and SQL
- Exceptional problem solving and quantitative skills (Calculus, Linear Algebra, Statistics)
- Excellent communication skills
- Commitment to intellectual integrity, self-drive, maturity, and ability to collaborate
- Detail-orientation, ability to multi-task
The salary range for this role is expected to be $145,000 to $155,000.This is the range that we in good faith believe is accurate for this role at the time of this posting.We may ultimately pay more or less than the posted range, depending upon factors such as skills, experience, location, or other business and organizational needs.This wage range may also be modified in the future.
AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY
Salary : $145,000 - $155,000