Portfolio Implementation Analyst – Macro Strategies

AQR Capital Management; Greenwich (CT); Hybrid; USD 140,000 - 160,000; Full time

Benefits offered by this job

Paid time off

Medical/dental/vision insurance

401(k) plan

Annual discretionary bonus

Job summary

AQR Capital Management in Greenwich, CT, seeks a Portfolio Implementation Analyst to manage and optimize global asset allocation portfolios. This role involves collaboration with senior professionals and requires a bachelor's degree with 0-2 years of experience in finance or quantitative fields.

Responsibilities include overseeing portfolio optimizations, analyzing performance drivers, and participating in enhancements of portfolio management practices. The role offers a salary between $140,000 and $160,000 along with an annual discretionary bonus and a comprehensive benefits package.

Qualifications

• 0-2 years of experience in the financial industry, preferably in a quantitative environment.
• Strong understanding of programming languages and SQL.
• Excellent communication skills and problem-solving capabilities.

Responsibilities

• Optimize portfolios based on market frictions and investment guidelines.
• Analyze portfolio characteristics and attribute performance drivers.
• Collaborate with senior managers to enhance portfolio management practices.

Skills

Technical aptitude for programming languages

Problem solving skills

Quantitative skills

Communication skills

Education

Bachelor’s degree in finance, economics, quantitative or scientific discipline

Tools

Python

MATLAB

R

SQL

Job description

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 Portfolio Implementation team is responsible for the construction, optimization, and management of AQR’s global asset allocation portfolios. Portfolio Implementation works closely with researchers to bring to market new systematic investment strategies and refine existing ones, applying a practical understanding of markets to portfolio management decisions. Portfolio Implementation Analysts manage portfolios across a broad range of investment mandates and across global markets in a collaborative and intellectually stimulating environment. 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.

Your Role

Our team is looking for an exceptionally talented individual to join the Portfolio Implementation team as a Portfolio Implementation Analyst. Portfolio Implementation team members are exposed to all aspects of the portfolio management process for our global portfolios as well as opportunities to work with senior investment professionals within the firm. The candidate will also become intimately familiar with the financial industry and the investment philosophy that drives AQR.

Tasks include:

• Portfolio construction, optimization and trade generation:
  • Optimize portfolios based on model views, market frictions, and investment guidelines
  • Oversee and interpret results of daily portfolio optimizations
  • Devise trading plan to manage exposures and liquidity for portfolio inflows/redemptions
• Portfolio monitoring:
  • 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
• Enhancing portfolio implementation:
  • Work 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 discipline
• 0‑2 years of experience in the financial industry; quantitative environment preferred
• Strong technical aptitude with demonstrated experience and knowledge of programming languages (Python, MATLAB, R, or equivalent) and SQL
• Strong problem solving and quantitative skills
• 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

The salary range for this role is expected to be $140,000 to $160,000. 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 a 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