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.

Counterparty Risk Management Vice President

AQR Capital Management is looking for a highly motivated and hard-working team member in Counterparty Risk who will report to the head of Counterparty Risk Management. Primary duties will include assessing the creditworthiness of the firm’s trading counterparties comprised of banks, broker-dealers and central clearing counterparties, monitoring the firm’s counterparty exposures, and facilitating the onboarding and maintenance of our funds and accounts at trading and financing counterparties.    

Your Rol

• Perform ongoing counterparty credit analysis on universe of banks and broker-dealers and analyze risk to central clearing counterparties and related exchanges.
• Monitor the ongoing creditworthiness of the counterparty base through daily credit quality and exposure threshold tracking.
• Summarize credit onboarding materials on our funds and accounts (including fund profile, trading strategy, leverage, cash usage, investor base, redemption terms) for the use by credit officers at trading counterparties.
• Serve as point person for credit officers on ongoing transparency on our firm, funds and managed accounts.
• Work closely with the firm’s trading documentation to help negotiate and track credit terms in trading agreements.
• Work with the offshore support team to design workflows and oversee client and counterparty reporting processes.
• Assist with responsibilities of the department as needed, including day-to-day management of the firm’s counterparty relationships, responding to client due diligence questions, and maintaining department databases.

What You’ll Bring

• 5+ years of credit risk management experience with a focus on assessing the creditworthiness of financial institutions, including banks, broker-dealers, and central clearing counterparties.
• Deep understanding of credit risk systems, credit risk measurement methodologies and credit scoring models.
• Familiarity with hedge fund investment strategies and the various financial products traded by hedge funds including swaps, foreign exchange, futures, equities, fixed income and prime brokerage operations along with associated trading documentation.
• Strong oral and written skills with the ability to comfortably and effectively interact with principals, clients, sell side credit officers, traders and attorneys.
• Strong computer skills including proficiency in Microsoft Excel and SQL.

Who You Are

• Hard working, reliable and eager to learn in a highly intellectual, collaborative environment.
• Highly organized, detail-oriented and efficient.
• Self-starter, able to work independently as well as within a team.
• Effective analytical and problem solving skills.
• Enthusiastic about developing and implementing ideas and helping others understand our firm, funds and trading strategies.

The salary range for this role is expected to be $160,000 - $180,000.  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