2027 Portfolio Finance Summer Analyst

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 Internship Program

Our 10-week summer program puts real work of the firm in your hands. You will work alongside brilliant people, gain insights and know-how from our Quanta Academy Summer Term curriculum, and experience what it’s like to work at the pinnacle of global, systematic investing.

Learning is the cornerstone of our culture and plays an active role in the internship experience — through daily collaboration and interaction with employees at all levels, in workshops and classes, and most significantly by working on projects that matter to the many clients we serve. Our unique AQR Quanta Academy: Summer Term learning series, a structured program, consists of over 40 hours of educational, skill-building and networking events.

Your Role

As a Portfolio Finance Intern, you'll work on projects that directly support the firm's financing, clearing, and cash management activities across global markets. Financing Specialists are responsible for optimizing the financing and clearing arrangements of the firm across the various asset classes traded by AQR. They manage cash and cash-equivalent instruments across portfolios, monitor funding and liquidity conditions, and help maintain AQR's critical relationships with some of the largest financial institutions on Wall Street.

Through hands-on projects and collaboration with experienced team members, you'll gain exposure to the financing strategies and operational processes that support AQR's systematic investment platform while developing a deeper understanding of how AQR utilizes the financial resources of our counterparties.

You'll have opportunities to:

Work with large datasets across a range of asset classes and investment strategies to monitor and optimize AQR’s large financing and clearing footprint

Develop a working knowledge of the capabilities major financial institutions employ to support the different needs of investment management firms.

Gain exposure to the investment and management of cash and cash-equivalent instruments across global portfolios under internal and external constraints.

Collaborate with financing specialists, traders, portfolio managers, researchers, and technologists on projects spanning the investment process.

What You’ll Bring

December 2027 or Spring 2028 graduate in a quantitative field (e.g. Finance, Economics, Computer Science, Math, Engineering, etc.) with a desire to work in the financial services industry

Pursuing either a Bachelor's or Master's degree

Strong technical aptitude, programming language fluency is not required, knowledge of Python, SQL, MS Excel is a plus

Exceptional problem solving and quantitative skills

Excellent communication skills

Commitment to intellectual integrity, self-drive, maturity, and ability to collaborate

Detail-orientation, ability to multi-task

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