What are the responsibilities and job description for the Client Onboarding Associate - USW position at AQR?
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.
About the Team
AQR’s Onboarding Team coordinates various large account events at the firm by interacting with both internal and external counterparties, including but not limited to various groups in Operations, Portfolio Management, Business Development, Trading, Legal, Technology, custodians, prime brokers, transition managers, and clients. Onboarding works to ensure completion of all deliverables prior to an event via various proprietary workflow and management tools. Onboarding is responsible for coordinating communication related to updates to the business pipeline and pending events to all levels of the firm, as well as managing and tracking key milestones to ensure client expectations are met regarding their specific event.
The Role
We are looking to hire a full-time Associate to join the Onboarding team within Operations. The primary responsibilities of the role include, but are not limited to:
- Autonomously run and provide substantial leverage in the management of the following events: Launches, Terminations, In-Kind transfers, Strategy Changes, Broker & Security Additions, New Market Openings, Custody/Administrator Changes, etc.
- Become well-versed in proprietary AQR systems and tools
- Work in high-paced environment and manage multiple tasks in tandem
- Autonomously introduce ways to increase efficiency and process improvements
- Autonomously manage client inquiries and internal inquiries
- Complete account opening and documentation required as part of various events
- Communicate and coordinate necessary setups with external brokers and service providers
- Drive firmwide and client meetings
- Act as liaison for internal and external parties across all events
- Coordinate, track and manage multi-faceted and long term projects
What You’ll Bring
- Undergraduate Degree
- 3-7 years of experience in a client onboarding role at a bank or investment manager
- Experience in Operations – preferably Hedge Fund experience
- Product knowledge in Equity and Derivative (OTC, FX, etc.) asset classes
- Advanced analytical and communication skills
- Highly organized, able to multi-task, and eager to learn
- High attention to detail and ability to organize priorities
- Proficient in Excel/SQL
- Mind set of continual process enhancement and automation
- Comfortable working in a fast paced, team-based environment
AQR is an Equal Opportunity Employer. EEO/VET/DISABILITY
The salary range for this role is expected to be $90,000 to $110,000. 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.
Salary : $90,000 - $110,000
