Associate (AQR Capital Management, LLC, Greenwich, CT)

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.

Your Role:

• Work with portfolio construction, optimization, and trade generation.
• Optimize portfolios based on model views, market frictions, and investment guidelines.
• Oversee and interpret results of daily portfolio optimizations.
• Devise trading plans to manage exposures and liquidity for portfolio inflows and redemptions.
• Conduct portfolio monitoring.
• Analyze portfolio characteristics and attribute performance drivers.
• Design and enhance portfolio implementation analytics.
• Collaborate with Product, Business Development, and Client Administration teams to prepare portfolio analyses for clients.
• Enhance portfolio implementation.
• Work on projects with Senior Portfolio Managers, Researchers, Developers, and Traders to improve systematic portfolio management practices.
• Coordinate and participate in design and automation projects for the portfolio management workflow. Implement new portfolios and strategies to enhance client offerings.
• Perform research on financial instruments and their impact in portfolio construction.
• Research and interpret the effect of economic and corporate events on data related to markets, financial instruments, economic indicators, and financial analysis measures.
• Work with programming languages, including Python, Pandas, and SQL; machine learning, including Neural Networks, Random Forests, and Principal Component Analysis (PCA); big data in economics; Calculus, Linear Algebra, and Statistics, including mean-variance optimization, factor regressions, stationary and non-stationary series, Autoregressive Moving Average (ARMA) models, and generalized autoregressive conditional heteroskedasticity (GARCH) models; and investments, including frontier portfolios and asset pricing.
• Telecommuting permitted two days per week.

What You'll Bring:

Requires a Bachelor's degree in Economics, Statistics, Mathematics, or a related field of study. Knowledge or experience in the following must have been gained through academic research and/or coursework: programming languages, including Python, Pandas, and SQL; machine learning, including Neural Networks, Random Forests, and Principal Component Analysis (PCA); big data in economics; Calculus, Linear Algebra, and Statistics, including mean-variance optimization, factor regressions, stationary and non-stationary series, Autoregressive Moving Average (ARMA) models, and generalized autoregressive conditional heteroskedasticity (GARCH) models; and investments, including frontier portfolios and asset pricing.

The salary for this role is $130,000.00 – 150,000.00/year.

AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY