AQR Arbitrage- Convertible Bond Strategies Associate

About AQR Arbitrage

AQR Arbitrage is an affiliate of AQR Capital Management, LLC that specializes in the research, development, and management of arbitrage and corporate event strategies. AQR Arbitrage was founded in 2001 by Mark Mitchell and Todd Pulvino, who are former professors at the University of Chicago, Northwestern University, and Harvard University. AQR Arbitrage focuses on research and portfolio management while leveraging AQR's infrastructure for all other investment management functions. AQR Arbitrage is located at AQR's headquarters in Greenwich, CT for seamless integration.

At AQR Arbitrage, 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 the power of collaboration and believe that transparency and openness to new ideas leads to innovation.

Your Role

We are seeking an exceptional individual to join the AQR Arbitrage portfolio management team. This individual will play an important part in managing both our Convertible Arbitrage and Convertible Long-Only strategies as well as conducting research aimed at furthering these strategies and developing new ones. The role will provide an opportunity to contribute to the portfolio management effort and gain experience conducting empirical research on financial markets. Strong analytical ability, written and verbal communication skills, and ability to work both independently and as part of a team are required.

Responsibilities include:

• Supporting the Convertible Bond Strategies head in management of the global portfolio
• Conducting qualitative and quantitative credit research on individual convertible security issuers
• Statistical analysis of both Convertible Arbitrage and Convertible Long-Only strategies
• Construction of new datasets to facilitate strategy research
• Development of portfolio management tools in Python

What You'll Bring

• At least 2 years of full-time experience in financial markets
• Experience in the convertible security asset class or corporate credit markets is a plus
• Strong problem-solving, quantitative, and programming skills
• Prior experience writing code, especially in Python, is a plus
• Ability to communicate credibly and clearly, both verbally and in writing
• High attention to detail and strong sense of ownership of your work
• Capacity to multi-task and stay on top of various market-imposed deadlines
• Highest level of integrity, empathy, and character

The salary range for this role is expected to be $140,000 to $160,000. 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, health insurance, 401(k), and 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 and AQR Arbitrage are Equal Opportunity Employers EEO/VET/DISABILITY