Portfolio Implementation Associate - Credit at AQR Capital Management in Greenwich, Connecticut

Job Description:

About AQR Capital Management

AQR is a global investment management firm built at the intersection of financial theory and practical application. We strive to deliver superior, long-term results for our clients by looking past market noise to identify and isolate what matters most, and by developing ideas that stand up to rigorous testing. Our focus on practical insights and analysis has made us leaders in alternative and traditional strategies 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 portfolios. Portfolio Implementation Associates manage portfolios across a broad range of investment mandates and across global markets in a collaborative and intellectually stimulating environment. They apply a practical understanding of markets to portfolio management decisions. They oversee all portfolio level activities and manage the launch of new investment mandates, coordinating across senior portfolio managers, client relationship managers and key functional groups. Exceptional candidates will quickly gain significant responsibility to shape key aspects of portfolio / strategy construction and implementation.

Our team is looking for an exceptionally talented individual to join the Portfolio Implementation team, focusing on our Corporate Credit portfolios. In this role, the candidate will help manage systematic Credit portfolios, globally, while researching and implementing improvements to the process. Tasks include:

Portfolio monitoring:

• Monitor systematic portfolio optimizations, ensuring the resulting portfolio is consistent with strategy objectives


• Analyze portfolio characteristics and attribute performance drivers


• Design and enhance portfolio implementation analytics


• Collaborate with product teams, business development and client administration to prepare portfolio analyses for clients

Portfolio enhancement:

• Develop a deep understanding of the Credit strategies; propose and execute on research projects to improve implementation of the strategies


• Collaborate on projects with senior portfolio managers, researchers, developers, and traders to improve systematic portfolio management practices


• Coordinate/participate in design and automation projects for the portfolio management workflow


• Implement new portfolios/strategies to enhance client offerings

What You'll Bring

• Bachelor's degree from top academic institution in finance, economics, quantitative or scientific Master's or PhD degree a plus.


• 3+ years of experience in the financial industry; quantitative environment preferred


• Excellent quantitative skills with demonstrated understanding of mathematics, probability, statistics and linear algebra


• Exceptional understanding of economic and financial concepts and demonstrated intuition around applying these concepts in a quantitative environment


• Ability to conduct independent research on projects with the goal of increasing risk-adjusted returns of portfolios through improved implementation


• Strong technical aptitude with demonstrated experience and knowledge of programming languages (Python, MATLAB, R, or equivalent) and SQL


• Excellent communication skills

Who You Are

• Mature and thoughtful, with the ability to operate within a collaborative, team-oriented culture


• Committed to intellectual integrity, with a high degree of ethics


• 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

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