Global Stock Selection - Implementation Researcher

AQR Capital Management; Greenwich (CT); On-site; USD 270,000 - 290,000; Full time

Benefits offered by this job

Annual discretionary bonus

Health/dental/vision insurance

401(k) plan

Job summary

AQR Capital Management is seeking a Senior Implementation Researcher to join the Global Stock Selection group in Connecticut. You will work hands-on with researchers, PMs, risk managers and traders to translate stock characteristics into portfolio weights and improve alpha model implementation.

Requirements include a BS with quantitative focus, 8+ years in a technical setting, and proficiency in Python or R, plus MATLAB/Perl.

Qualifications

• 8+ years in a quantitative or technical environment
• Experience in quantitative implementation and portfolio construction research
• Proven problem solving ability and written communication
• Ability to write code for analysis in OO languages (Python/R/Perl/MATLAB)

Responsibilities

• Drive insights to translate stock characteristics into portfolios
• Improve risk, costs, and inputs for alpha models and optimization
• Enhance the research system to implement new ideas
• Collaborate with researchers, PMs, risk managers and traders

Skills

Python

R

Perl

MATLAB

C++

Education

Bachelor's degree in Economics/Finance/CS/Engineering/Math

PhD preferred; not required

Job description

About AQR Capital Management

Founded in 1998, AQR is a global systematic investment management firm. As quantitative investors, research is the foundation of everything we do. We manage a range of alternative and long-only strategies designed to meet the needs of institutional and wealth investors around the world.

About The Team

The Global Stock Selection (GSS) group is responsible for the portfolio management and research of AQR's strategies relating to individual equities and equity related securities across all global liquid markets. GSS models are applied to market-neutral long/short portfolios in AQR hedge funds as well as to long-only, relaxed-constraint and low volatility portfolios for institutional equity mandates and mutual funds.

Your Role

AQR Capital Management is seeking an exceptionally talented Senior Implementation Researcher to join our team of professionals and focus on our proprietary equity strategies. Candidates should be motivated and enthusiastic about implementing new ideas and are expected to be hands-on and self-sufficient in conducting all aspects of research projects. The role will involve collaboration with other researchers, portfolio managers, risk managers and traders to improve various aspects of the implementation of our investment strategies. Your responsibilities may include, but are not limited to:

• Driving insights into and improving our machinery for translating stock characteristics into portfolios and allocating weights across signals in our alpha models
• Enhancing non-alpha inputs to our process, such as our risk and transaction cost models
• Improving our portfolio optimization process, including proposing and evaluating new objective functions and optimization frameworks
• Adding features to our proprietary research system to implement new research ideas

What You'll Bring

• B.S. degree from top institution in economics, finance, computer science, engineering, mathematics, or another quantitative discipline. PhD preferred; not required
• 8+ years' experience working in a similar quantitative or technical environment. Experience in quantitative implementation / portfolio construction research at an asset manager or hedge fund preferred
• Research management experience preferred, not required
• Demonstrated problem solving ability
• Demonstrated ability to write code for analysis; proficiency in one or more object-oriented programming languages (e.g. Python, R, Perl, MATLAB)
• Strong quantitative skills with demonstrated understanding of mathematics, probability, statistics and linear algebra
• Strong understanding of economic and financial concepts and demonstrated intuition around applying these concepts in a quantitative environment
• Demonstrated ability to express and articulate ideas and thought processes in both verbal and written form
• Ability to work independently as well as part of a team

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, with strong communication skills; able to multi-task and keep track of various deadlines

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

The salary range for this role is expected to be $270,000 to $290,000. 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.