PhD Degree Required - Quantitative Analyst/Programmer, Mortgage Trading Desk (RMBS) at AQR Capital Management

New York, New York, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Finance, Asset ManagementIndustries

Requirements

PhD degree in a quantitative field such as math/statistics, physics, mechanical/electrical engineering, or operations research
Strong analytical and math skills
Fluent in at least one programming language
Experience working with large data sets (SQL or Python a plus)

Responsibilities

Explore and develop analytical tools to analyze large datasets of various asset classes including RMBS and asset-backed securities
Work with traders/portfolio managers directly to implement and test various models
Partner with other developers/programmers on the team on larger scale projects
Participate in real time transaction-oriented projects
Participate in various portfolio management projects, such as position and risk management systems

Skills

Key technologies and capabilities for this role

PythonSQLQuantitative AnalysisData AnalysisStatisticsMathematicsRisk ManagementPortfolio ManagementRMBSTrading SystemsModel Development

Questions & Answers

Common questions about this position

What is the salary range for this Quantitative Analyst/Programmer role?

The base salary is expected to be between $140,000 and $215,000, commensurate with relevant experience and qualifications. The position also includes an annual discretionary bonus that is often a meaningful portion of the compensation package.

What are the key requirements for this position?

Candidates must have a PhD degree in a quantitative field such as math/statistics, physics, mechanical/electrical engineering, or operations research, strong analytical and math skills, and fluency in at least one programming language. Experience working with large datasets, with SQL or Python as a plus, is also valued.

Is this role remote or office-based?

This information is not specified in the job description.

What does the team structure look like for this role?

You will sit on the trading desk, work directly with traders and portfolio managers, and partner with other developers/programmers on the team for larger scale projects, while providing insights to the broader investment team.

What makes a strong candidate for this Quantitative Analyst/Programmer position?

A strong candidate will have a PhD in a quantitative field like math, statistics, physics, or engineering, combined with strong analytical skills, programming fluency, and experience handling large datasets.

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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