Market Risk, Vice President

AQR•Greenwich, CT

7h•$200,000 - $225,000

About The Position

AQR Capital Management is a global investment firm focused on delivering long-term results through rigorous testing of financial theories. The Market Risk team within AQR is responsible for managing market and liquidity risk across all asset classes and portfolios. This involves close interaction with portfolio managers, developing and enhancing risk methodologies, and producing various reports for internal, client, and regulatory use. The Market Risk Vice President role will support daily market risk activities, including portfolio monitoring, risk control processes, risk reporting, investigating risk issues, and contributing to the research and development of risk methodologies and quantitative investigations.

Requirements

Bachelor's or Master's degree in a financial or quantitative field
Experience working with all primary asset classes (equities, rates, credit, FX and commodities) and strong working knowledge of the economic relationships across asset classes
Excellent analytical, problem-solving and critical thinking skills
5+ years of experience in an investment management firm or an investment bank
In-depth knowledge of financial instruments and risk metrics (e.g., beta, volatility, VaR, option Greeks)
Ability to iteratively build, prototype and improve methodologies related to market risk
Prior experience using a high-level programming language (e.g., Python) as a statistical modelling and research tool
Strong interpersonal communication skills
Committed to intellectual integrity, with a high degree of ethics
Mature and thoughtful, with the ability to operate within a collaborative, team-oriented culture
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
Look beyond the surface level to understand the underlying details

Responsibilities

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
Develop strong relationships across the organization to facilitate effective risk management