AQR-posted 4 months ago
$125,000 - $135,000/Yr
Full-time • Entry Level
Greenwich, CT
501-1,000 employees
Funds, Trusts, and Other Financial Vehicles

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. AQR's Risk Management team has direct day-to-day responsibility for managing the market, credit, liquidity, model and counterparty risks of firm-managed investments. Within the Risk team, the Market Risk team has direct responsibility for monitoring and managing market and liquidity risk across all asset classes and portfolios managed by the Firm. The team interacts closely with portfolio managers in setting and monitoring limits, preparing reports, and making risk management recommendations. The team is also responsible for developing and enhancing the firm's risk methodologies and analytics and works closely with our own technology team to implement these. Methodologies range from risk models, stress tests, scenario analysis, hedging analytics, to event analysis. The risk team is also critically responsible for producing a wide range of internal, client, and regulatory reports that support all the risk activities of the firm.

  • Bring a common sense and practical approach to all market risk-related issues, as well as an understanding of the firm's many investment strategies and products
  • Monitor investment and market risk across portfolios and asset classes
  • Support daily risk review processes, including limits monitoring and related escalation procedure
  • Review and record all risk determinations, ensure the timely execution of determinations and document the review process
  • Conduct quantitative research to develop and improve risk management methodologies
  • Organize, manage, and streamline internal risk reports and support the risk reporting needs of the firm
  • Support daily systematic risk control processes; manage exceptions and handle escalations
  • Review different types of models used at AQR, including alpha generating, portfolio management and risk models
  • Work closely with other teams across the organization to ensure that these functions and Risk Management are well coordinated on a daily basis
  • Bachelor's or Master's degree in a financial or quantitative field
  • Strong understanding and interest in markets and risk management
  • Excellent analytical, problem-solving and critical thinking skills
  • 2-3 years of experience in an investment management firm or an investment bank
  • Familiarity with financial instruments and risk metrics (e.g., beta, volatility, VaR, option Greeks)
  • Prior experience using a high-level programming language (e.g., Python) as a statistical modelling and research tool
  • Strong interpersonal communication skills
  • Paid time off
  • Medical/dental/vision insurance
  • 401(k)
  • Annual discretionary bonus
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