Middle Office Vice President

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.

Your Role:

AQR is looking for an exceptionally talented individual to join our Middle Office Operations team.  In addition to daily support, the candidate will work on enhancing processes or implementing new ones to streamline and reduce manual touchpoints.  The individual will work across the organization. The candidate should be able to run multiple projects in parallel, understand stakeholder needs and effectively prioritize projects and tasks while ensuring that we achieve our long-term strategic goals. The primary responsibilities of the role include, but are not limited to:

• Career experience in cash management & collateral management functions
• Current knowledge of regulatory landscape affecting collateral management, and security settlements
• Coordinate with engineering to spec and test system enhancements for new mandates, structures, or regulations as well as drive infrastructure improvements.
• Manage daily cash movements, including issuing and responding to margin calls for all trading relationships and agreements
• Manage unencumbered cash and suggest rebalancing trades in short-term cash investment vehicles.
• Review foreign currency balances and suggest FX repatriation trades.
• Prepare and disseminate the daily cash report to the firm.
• Onboard new accounts into the existing Treasury Operations systems.
• Respond to ad hoc requests from internal and external interested parties, such as PMs, compliance, finance, custodians, and administrators.
• Experience settling both cleared and uncleared securities using proprietary and industry standard middleware platforms a plus

What You’ll Bring:

• Bachelor’s degree finance, economics, and accounting
• 8-12 years experience in the financial industry, focusing on experience in cash management & collateral management functions
• Experience in a trading floor environment, with knowledge of multiple asset classes
• Solid understanding of middle and back office operations and processes
• Must understand market structure and liquidity
• Technical experience preferred including moderate SQL and database structures knowledge, and any additional technical or programming experience (Python, AI experience, etc.) is beneficial
• Well-organized, detail oriented and strong verbal and written communication skills
• Hard-working and eager to learn in a highly intellectual, collaborative environment
• Ability to work independently as well as part of a team under pressure in a fast-paced and dynamic environment

Who You Are:

• Well-organized, detail-oriented; able to multi-task and keep track of various deadlines in a fast-paced, high demand team
• Mature and thoughtful, with the ability to operate in a collaborative, team-oriented culture
• Hard-working and eager to learn in a highly intellectual, innovative environment

AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY

 The salary range for this role is expected to be $120,000 to $140,000.  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.