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 Integrated Research team focuses on all aspects of research and portfolio management for a range of the firm’s equity, macro, multi-strategy and managed futures products. This includes the day-to-day management of portfolios, the design and implementation of strategies, new product development, client driven customization and thought leadership.

Your Role 

AQR Capital Management is looking for an exceptionally talented professional to join our team as a junior researcher. You will have the opportunity to participate in a variety of integral business functions including research, data analysis, portfolio optimization, and risk management. This role will provide the opportunity to gain hands-on experience in quantitative research as well as the opportunity to become familiar with quantitative asset management and the investment philosophy which drives AQR. You will work in collaboration with senior researchers and portfolio managers in developing and maintaining trading strategies for the firm.

• Conduct research, data analysis, portfolio optimization, risk management and programming.
• Collaborate with researchers and portfolio managers in developing and maintaining trading strategies.
• Engage in the development of quantitative investment strategies.
• Perform statistical and economic research on financial data related to systematic strategies.
• Work closely with portfolio managers to assist in the implementation of investment strategies.
• Add features to the proprietary research system to implement new research ideas.
• Participate in the design and development of research infrastructure for the purpose of conducting economic and statistical research.
• Apply linear algebra and optimization techniques to portfolio construction and signal generation.
• Apply panel and time-series econometrics methods to financial data.
• Apply statistics principles to financial data analysis.
• Programming data analysis in Python or other object-oriented programming language.
• Perform SQL programming for data storage and analysis.
• Perform data visualization, summarization, and analytics in Excel.
• Apply economic and financial concepts involving equity markets (investment valuation, mean-variance analysis, asset pricing models, multi-factor models).
• Telecommuting permitted two days per week.

Who You Are 

Requires Bachelor’s degree in Finance, Economics, Mathematics, or related field of study. Knowledge or experience in the following must have been gained through academic research and/or coursework: applying linear algebra and optimization techniques to portfolio construction and signal generation; applying panel and time-series econometrics methods to financial data; applying statistics principles to financial data analysis; programming data analysis in Python or other object-oriented programming language; SQL programming for data storage and analysis; data visualization, summarization, and analytics in Excel; and, applying economic and financial concepts involving equity markets (investment valuation, mean-variance analysis, asset pricing models, multi-factor models).

The salary range is $240,000 - $260,000/year. 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.

This job is also eligible for an annual discretionary bonus.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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