Portfolio Implementation Analyst – Stock Selection
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.
About The Team
The Portfolio Implementation team is responsible for the construction, optimization, and management of AQR’s global asset allocation and stock selection portfolios. Portfolio Implementation specialists work closely with multiple groups across the firm to bring to market new systematic investment strategies and refine existing ones, applying a practical understanding of markets to portfolio management decisions. The 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 develop deep expertise in global financial markets, financial economics, asset management, and quantitative investing, while gaining a strong understanding of AQR’s systematic investment philosophy. This position offers the opportunity to collaborate closely with senior investment professionals and to gain exposure to the full spectrum of portfolio management activities, including:
- Portfolio Construction: optimize portfolios based on model views, market frictions, and investment guidelines.
- Portfolio Implementation Research: advance the firm’s portfolio construction and optimization frameworks through rigorous quantitative research and innovative methodological improvements.
- Model Research: partner with researchers to implement, refine, and enhance systematic investment signals, ensuring seamless integration of new models into live portfolios.
- Analytics: leverage advanced data analysis to interpret large, complex datasets and uncover insights into portfolio performance, risk exposures, and structural dynamics.
- Trading: analyze market structure and liquidity to model and control trading costs, enhancing execution efficiency across asset classes.
- Financing: optimize financing and clearing strategies while managing cash and collateral portfolios to enhance capital efficiency and overall portfolio returns.
What You’ll Bring
- Master’s or bachelor’s degree in a quantitative field
- 0-2 years of quantitative or engineering experience
- Strong technical aptitude with demonstrated experience and knowledge of programming languages (Python, MATLAB, R, or equivalent)
- 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
Pay Information
The salary range for this role is expected to be $140,000 to $160,000. 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.
Benefits
We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and any other benefits to eligible employees.
Equal Opportunity Employer
AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY