Portfolio Implementation - Tax Aware Long-Short Associate/VP bei AQR

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 Portfolio Implementation team is responsible for the construction, optimization, and management of AQR’s portfolios. The team works closely with researchers to bring new systematic investment strategies to life and to continuously improve existing ones.

Portfolio Implementation specialists apply a practical understanding of markets to portfolio-level decisions, ensuring strategies are implemented thoughtfully and efficiently. The team spans a wide range of mandates and markets and operates in a collaborative, intellectually rigorous environment.

The team oversees all portfolio level activities, including the launch of new investment mandates, coordination across senior portfolio managers, client relationship managers and key functional groups. Exceptional candidates will quickly gain significant responsibility to shape key aspects of portfolio construction and implementation.

Your Role

Our team is looking for an exceptionally talented individual to join the Portfolio Implementation team as a specialist in our tax-aware strategies.  You will play a key role in managing tax-aware portfolios, implementing investment strategies, contributing to the development of new investment products. The role offers significant exposure to senior investment professionals and cross-functional teams.

The responsibilities include:

·         Portfolio construction, optimization and trade generation:

• Optimize portfolios based on model views, market frictions, and investment guidelines
• Refine optimization frameworks to incorporate market dynamics, custom client objectives and constraints
• Conduct research to improve the effectiveness of our portfolio optimization outcomes

·         Portfolio analysis:

• Analyze portfolio exposures, performance drivers and implementation efficiencies
• Partner with product teams, business development and client administration to deliver portfolio insights

·         Enhancing portfolio management:

• Work with PMs, researchers, developers, and traders to launch new strategies or improve existing ones
• Contribute to process design and automation projects to scale implementation capabilities

What You’ll Bring

• Bachelor’s degree in finance, economics, engineering, mathematics, or a related quantitative discipline
• 2+ years of experience in asset management, with a focus on tax-aware investing
• Experience with portfolio optimization and systematic portfolio management
• Technical skills in programming languages such as Python, MATLAB, R, or equivalent
• Strong problem-solving and quantitative reasoning skills
• Excellent written and verbal communication skills

Who You Are

• Curious, collaborative, and intellectually rigorous
• Ethical, thoughtful and grounded in evidence-based decision making
• Self-motivated, with strong ownership over projects and deadlines
• Able to balance precision with practicality in a fast-paced environment

The salary range for this role is expected to be $170,000 to $190,000.  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