Associate - Valuation Oversight

AQR Capital Management; Greenwich (CT); On-site; USD 85,000 - 100,000; Full time

Benefits offered by this job

Annual discretionary bonus

Comprehensive benefits

Job summary

AQR Capital Management in Greenwich, CT seeks a Senior Valuation professional to lead end-to-end valuation for mutual funds and private funds. You will govern models, challenge pricing, and ensure regulatory compliance while coordinating with treasury, risk, and external vendors.

You will design the operating model, oversee daily and periodic valuations, and help drive scalable, accurate processes across asset classes.

Qualifications

• Deep technical expertise in valuation methodologies, including the ability to evaluate and challenge models, assumptions, and pricing inputs (including unobservable inputs).
• Strong knowledge of derivatives and the attributes needed to properly setup and value (building vendor request files / templates).
• Experience building, reviewing, or overseeing complex valuation models, with a strong understanding of industry practices and regulatory expectations.
• Strong knowledge of regulatory requirements, including SEC Rule 2a-5; familiarity with UCITS valuation frameworks preferred.
• Ability to operate independently and make well-reasoned decisions in complex and judgmental valuation scenarios.
• Experience interacting with auditors and third-party service providers, including pricing vendors and administrators.

Responsibilities

• Execute the valuation function end-to-end, including valuation committee materials and support of fair value determinations through established governance processes.
• Define and execute the valuation strategy and operating model, driving process enhancements, control improvements, and scalability across asset classes and investment vehicles.
• Oversee and actively engage in daily and periodic valuation activities, including evaluating complex and less liquid positions, challenging third-party pricing, and analyzing pricing exceptions and valuation issues, and supporting escalation through established governance processes.
• Apply independent technical judgment to evaluate valuation methodologies, assumptions, and inputs (including models and unobservable inputs), and support well-reasoned valuation conclusions.
• Ensure compliance with applicable regulatory requirements (including SEC Rule 2a-5 and UCITS), maintaining a robust control and documentation framework.
• Oversee pricing vendors and third-party service providers, including due diligence, methodology review, ongoing monitoring, and accountability for quality, transparency, and performance, as well as oversight of price challenge and escalation processes.
• Identify valuation risks and process gaps, and proactively implement enhancements to strengthen controls, efficiency, and overall effectiveness.
• work with auditors on valuation matters, including supporting audits and facilitating detailed review of methodologies, assumptions, and controls.
• Design, review, and oversee complex valuation models, ensuring alignment with industry practices and regulatory expectations.

Skills

Valuation methodologies

Independent judgment

Regulatory knowledge

SQL

Excel

Python

Bloomberg

DataScope

S&P Derivative Studio/PV

FundRun

Tools

SQL

Excel

Python

Bloomberg

DataScope

S&P Derivative Studio/PV

FundRun

Job description

About AQR Capital Management

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 Operations team is responsible for supporting the various trading, investment and reporting activities of the firm. Trading operations, portfolio operations, asset servicing, client administration and project management are the departments which fall under the operations umbrella. The core mission of the group is to establish scalable investment workflows, ensure a controlled operating environment and deliver high quality client service to both internal and external business relationships. In addition to supporting primary investment related activities, the groups assist in the design and implementation of firm wide projects, operational due diligence, counterpart management and client related activities.

Your Role

This role works in the AQR Security Valuation group which supports the firm\'s valuation oversight function across AQR\'s U.S. mutual funds, UCITS, private funds, and separate account structures. The group has end-to-end responsibility for the valuation framework, including governance, methodology oversight, escalation, and the overall control environment. The role is accountable for ensuring valuations are well governed, timely, accurate, and aligned with applicable regulatory requirements, while exercising independent judgment, providing effective challenge, and driving strong accountability across the function. This individual will help shape the future state of the valuation operating model as the platform grows in scale and complexity, while partnering closely with adjacent functions including fund treasury, risk, compliance, operations, portfolio management, legal, and third-party administrators.

The candidate is expected to:

• Execute the valuation function end-to-end, including valuation committee materials and support of fair value determinations through established governance processes.
• Define and execute the valuation strategy and operating model, driving process enhancements, control improvements, and scalability across asset classes and investment vehicles.
• Oversee and actively engage in daily and periodic valuation activities, including evaluating complex and less liquid positions, challenging third-party pricing, and analyzing pricing exceptions and valuation issues, and supporting escalation through established governance processes.
• Apply independent technical judgment to evaluate valuation methodologies, assumptions, and inputs (including models and unobservable inputs), and support well-reasoned valuation conclusions.
• Ensure compliance with applicable regulatory requirements (including SEC Rule 2a-5 and UCITS), maintaining a robust control and documentation framework.
• Oversee pricing vendors and third-party service providers, including due diligence, methodology review, ongoing monitoring, and accountability for quality, transparency, and performance, as well as oversight of price challenge and escalation processes.
• Identify valuation risks and process gaps, and proactively implement enhancements to strengthen controls, efficiency, and overall effectiveness.
• work with auditors on valuation matters, including supporting audits and facilitating detailed review of methodologies, assumptions, and controls.
• Design, review, and oversee complex valuation models, ensuring alignment with industry practices and regulatory expectations.

What You\'ll Bring

The successful candidate will possess strong analytical and problem-solving skills, sound judgment, and the ability to operate effectively in a fast-paced, complex environment. The ideal candidate will also demonstrate:

• Deep technical expertise in valuation methodologies, including the ability to evaluate and challenge models, assumptions, and pricing inputs (including unobservable inputs)
• Strong understanding in corporate actions and the impact on daily valuation process (Right offerings, spin-offs, mergers, spacs, acquisitions etc.)
• Strong knowledge of derivatives and the attributes needed to properly setup and value (building vendor request files / templates)
• Experience building, reviewing, or overseeing complex valuation models, with a strong understanding of industry practices and regulatory expectations.
• Strong knowledge of regulatory requirements, including SEC Rule 2a-5; familiarity with UCITS valuation frameworks preferred.
• Ability to operate independently and make well-reasoned decisions in complex and judgmental valuation scenarios.
• Experience interacting with auditors and third-party service providers, including pricing vendors and administrators.
• High level of attention to detail, organization, and control orientation, with a focus on accuracy and risk management.
• SQL, Excel, Python, Bloomberg, DataScope, S&P Derivative Studio/PV, FundRun

The salary range for this role is expected to be $85,000 to $100,000.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.

This job is also eligible for an annual discretionary bonus.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and any other benefits to eligible employees.

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