Global Trading 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.

The Team:

AQR Global Trading Strategies group is responsible for trading of all AQR investment strategies. The group manages global trading of all major asset classes and instruments, including equities, credit, rates, FX, commodities and vol. The trading philosophy of the group is rooted in building expertise in liquidity sourcing and market structure across asset classes, systematically reviewing the factors that affect transaction costs, understanding the investment strategies and building systematic processes, transaction cost analysis, trading models and automated trading algorithms to minimize slippage, increase capacity and enhance returns of AQR investment strategies.

Your Role:

AQR Capital Management is seeking an exceptionally talented individual to join our Global Trading Strategies team as a Delta1 / Synthetics / QIS Specialist. The role sits at the intersection of structuring, execution, and quantitative analysis, with responsibility for scalable implementation of systematic and bespoke investment strategies. The successful candidate will work closely with portfolio managers, researchers, traders, and technologists to optimize product design, execution, and analytics.  In this role, you will:

• Execute and manage Delta One and synthetic exposures across primarily Equities, with additional coverage spanning Commodities and Macro products.
• Apply deep knowledge of the Delta1 ecosystem — including banks, prime brokers, structured product desks, hedge funds, asset managers, ETFs, and retail flow — and understand how positioning and incentives shape pricing and liquidity.
• Maintain strong awareness of what hedge funds and asset managers are trading in the space, including common structures (TRS, swaps, baskets, ETFs, futures, custom indices) and how crowding and flow impact spreads and execution.
• Assess liquidity, financing, borrow dynamics, dividend risk, corporate actions, and basis relationships across cash, futures, and synthetic instruments.
• Evaluate execution quality across brokers and venues, optimizing for cost, balance sheet usage, and counterparty risk.
• Monitor dislocations between physical and synthetic exposures and identify structural inefficiencies across instruments and asset classes.
• Track macro developments and cross-asset linkages that influence positioning, funding costs, volatility regimes, and risk appetite.
• Partner closely with Portfolio Managers and Risk to assess exposure, stress scenarios, liquidity constraints, and tail risks before and after implementation.
• Serve as a thought partner on new structures, markets, or synthetic solutions, with disciplined evaluation of structural, legal, operational, and liquidity risks.

What You’ll Bring: 

• 3+ years of experience in Delta One, equity derivatives, synthetic financing, or a related cross-asset trading role.
• Strong understanding of how the Delta1 market functions in practice:
  • Prime brokerage and financing mechanics
  • TRS, swaps, futures, and ETF arbitrage dynamics
  • Borrow and shorting constraints
  • Corporate action and dividend risk
  • Balance sheet and capital considerations
• Clear insight into hedge fund and asset manager behavior — what structures are commonly used, where crowding builds, and how flows drive spreads and dislocations.
• Ability to assess basis risk, financing risk, liquidity regimes, and stress behavior across equities and macro products.
• Strong commercial judgment and risk awareness — you instinctively evaluate downside asymmetry, crowding, and structural fragility before putting risk on.
• Confident communicator who can engage PMs and Risk in substantive discussions around implementation trade-offs and structural exposure.

Who You Are:

• Highly analytical, intellectually curious, and execution-focused
• Comfortable owning problems end-to-end in a collaborative, research-driven environment
• Organized, detail-oriented, and effective in fast-paced settings
• Clear communicator across trading, research, technology, and external counterparties

The salary range for this role is expected to be $170,000 to $190,000.  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