Posted 10/30/09
AQR CAPITAL MANAGEMENT
Global Stock Selection Group
Research Associate
The Global Stock Selection (GSS) group is responsible for
the portfolio management and research of AQR's strategies
relating to individual equities and equity-linked products
such as convertible bonds and equity options. GSS models
are applied to market neutral long-short portfolios in AQR
hedge funds as well as to long-only and relaxed constraint
portfolios for institutional equity mandates.
JOB DESCRIPTION:
Researchers will be involved in all aspects of researching,
developing and improving trading strategies and
implementation of these strategies for the firm. Candidates
should be ambitious, quantitative, and enthusiastic about
implementing new ideas and are expected to be hands on and
self sufficient in conducting all aspects of research
projects.
ROLE:
- Perform statistical and economic research on financial
data to develop new, and improve current investment
strategies in collaboration with existing research team
- Conduct research on various aspects of implementation of
investment strategies such as trading cost models, risk
models, optimization, and portfolio construction
- Add features to proprietary research system to implement
new research ideas
- Conduct analysis related to ongoing portfolio monitoring
and performance attribution
JOB QUALIFICATIONS:
- Graduate or candidate of a top Ph.D. program in finance
or economics, or possibly in a quantitative field (e.g.
statistics, computer science, math, physics, etc.) with
a strong interest in finance
- Extensive experience doing empirical research and working
with large data sets
- A strong background in econometrics (or statistics) and
knowledge of optimization
- Good economic intuition and thorough knowledge of finance
and economics
- Experience with data related to individual equities a
strong plus
- Strong programming skills in one or more high-level
languages such as Matlab or Python
- Strong analytical and problem solving skills
- Ability to work independently on complex projects as well
as in a team
- Hard working and eager to learn in a highly intellectual,
collaborative environment
- Passion for research and idea generation with strong
attention to detail
- Strong presentation skills and ability to discuss and
explain involved concepts in finance and mathematics in
both verbal and written form
- 1-2 years of experience
- Strong academic performance (including GPA)
ABOUT AQR CAPITAL MANAGEMENT:
The founders of AQR were still Ph.D. candidates when they
initially developed the complex financial models that are
now at AQR's core. Today, AQR Capital Management is a $23
billion asset management firm employing a disciplined
multi-asset, global research process (AQR stands for
Applied Quantitative Research). AQR's investment products
are provided through a limited set of collective investment
vehicles and separate accounts that deploy all or a subset
of AQR's investment strategies. These investment products
span from aggressive high volatility market-neutral hedge
funds, to low volatility benchmark-driven traditional
products.
AQR offers a professional culture that is entrepreneurial
and team-oriented, where those with talent and drive are
offered a vast array of opportunities to hone their skills
and tackle new challenges as they take on ever-greater
responsibility.
AQR is located in Greenwich, CT, a short commute from New
York City.
APPLICATION PROCEDURE:
If you are interested in applying for this position please
submit your resume to:
Email: MAILTO:matt.gombos@aqr.com
We only contact those candidates we are interested in
moving forward with. We are an affirmative action/equal
opportunity employer.