AQR Capital Management is looking to improve current investment strategies and develop new alpha signals through quantitative research and analysis.
Requirements
- Proficiency in Python required
- Ability to manipulate large financial data sets for empirical research and handle complex systems.
- Strong quantitative skills with demonstrated understanding of mathematics, probability and data science.
- Experience in applying Machine Learning and LLM models to financial data preferred.
- Knowledge of trading execution algorithms and market microstructure preferred
- Experience with alpha capture programs preferred
- Experience working with alternative data preferred.
Responsibilities
- Engage in alpha research and other quantitative analysis to improve current investment strategies in collaboration with existing research team
- Perform statistical and economic research using alternative and traditional financial data to develop new alpha signals.
- Build alpha-generating signals from scratch, including cleaning and processing large-scale raw data with effective programming tools, feature-engineering based on economic and mathematical intuitions, building, training and fine-tuning machine learning architectures for cross-sectional or time-series prediction, and systematically evaluating the effectiveness of the signals.
- Conduct research on various aspects of the 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
- Manage all aspects of the research process including data ingestion and processing, analysis, methodology selection, implementation, testing and performance evaluation.
- Implement new ideas and are expected to be hands-on and self-sufficient in conducting all aspects of research projects.
Other
- S. degree from a top institution in computer science, engineering, mathematics, statistics, operations research, physics or another quantitative discipline. Advanced degrees preferred.
- 5 - 7+ years’ experience working in a data driven research environment with an alpha focus
- Experience in quantitative research at a top asset manager or hedge fund preferred
- Ability to work independently as well as part of a team
- Demonstrated ability to express and articulate ideas and thought processes in both verbal and written form
