Junior Quant Developer at AQR Capital Management

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Quantitative FinanceIndustries

Requirements

Proficiency in C# and a good understanding of object-oriented programming principles
An understanding of financial instruments including derivatives and other structured products
Self-motivated and able to learn quickly
At least 2 years of experience in a front office pricing or risk technology role (ideal)
Comfortable with the full software development lifecycle
Ability to demonstrate adherence to best practices in all areas of work
Ability to balance rapid BAU change with longer term strategic development
Strong mathematical and programming skills
Solid analytical skills and a passion for technology and financial markets
Desirable
Experience with Python for data analysis and/or automation
Familiarity with SQL Server and relational database design
2+ years relevant experience, ideally within financial services or trading environments

Responsibilities

Building out the firm’s in-house pricing platform and PNL and risk systems
Supporting portfolio managers, risk management, finance, and product control teams
Developing and enhancing pricing and risk analytics
Providing desktop and web front end clients as well as a pricing platform consumed through Excel and Python
Writing re-usable code within the core quant library and risk engine frameworks
Working directly on trading desk enhancements
Collaborating with trading, technologists, and quant researchers

Skills

Key technologies and capabilities for this role

C#object-oriented programmingPythonExcelfinancial asset classespricing platformsrisk systemsPNL calculation

Questions & Answers

Common questions about this position

What is the location for this Junior Quant Developer role?

The position is based in London.

What are the essential skills required for this position?

Essential skills include proficiency in C# and a good understanding of object-oriented programming principles, along with an understanding of financial instruments including derivatives and other structured products.

What desirable experience is mentioned for this role?

Desirable experience includes Python for data analysis and/or automation, familiarity with SQL Server and relational database design, and 2+ years relevant experience ideally within financial services or trading environments.

What is the company culture like for this team?

The role offers a bureaucracy-free environment focused on delivery, collaboration with top traders, technologists, and quant researchers, and direct work on trading desk enhancements.

What makes a strong candidate for this Junior Quant Developer position?

A strong candidate is self-motivated, able to learn quickly, has at least 2 years of experience in a front office pricing or risk technology role, and demonstrates strong mathematical and programming skills with adherence to software development best practices.

AQR Capital Management

Global investment management firm offering diversified strategies

About AQR Capital Management

AQR Capital Management provides investment management services with a focus on technology, data, and behavioral finance. The firm offers a variety of investment strategies that are based on a consistent set of principles, aiming to achieve long-term and repeatable results. AQR works primarily with institutional investors such as pension funds, insurance companies, and sovereign wealth funds, as well as financial advisors and their clients. Their investment approach combines both qualitative and quantitative methods to carefully design and test investment models. AQR differentiates itself by applying systematic and well-thought-out investment solutions that enhance portfolio construction, risk management, and trading. The company's goal is to deliver value through effective asset management while generating revenue from management and performance fees on the assets they oversee.

Greenwich, ConnecticutHeadquarters

1998Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Risks

Increased competition from quantitative firms may erode AQR's market share.

The rise of passive strategies like ETFs could impact demand for AQR's services.

Regulatory scrutiny on quantitative trading could increase compliance costs for AQR.

Differentiation

AQR integrates financial theory with practical application for superior investment results.

The firm uses quantitative tools to process fundamental information and manage risk.

AQR's systematic approach aligns with the growing trend of factor investing.

Upsides

AQR can leverage ESG factors in their quantitative models to meet rising demand.

Machine learning advancements enhance AQR's data analysis and predictive modeling capabilities.

AQR can capitalize on personalized investment solutions with their quantitative tools.

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