Job Listing Summary
Convertible Arbitrage Trader - Associate or VP
AQR Capital Management is seeking a Convertible Arbitrage Trader to join their Global Trading Strategies team. This role is critical for identifying, analyzing, and executing convertible bond strategies to generate consistent, risk-adjusted returns.
Key Responsibilities:
- Work closely with the Portfolio Management team to achieve portfolio objectives.
- Screen and analyze the convertible universe for potential opportunities.
- Understand convertible arbitrage pricing models and provide feedback on inputs.
- Build and maintain strong relationships with the sell side in both primary and secondary converts business.
- Present market activity and be aware of liquidity and axes.
- Handle all delta hedges for the convertible bond portfolio.
- Improve and automate current execution, data collection, and recording processes.
Required Experience:
- 3 - 4 years of experience as a Convertible Arbitrage Trader, preferably within a large bank or hedge fund/asset manager. Credit Trading experience is a plus.
Qualifications:
- Bachelor's degree in Finance, Economics, Mathematics, Computer Science, or a related quantitative field is required.
- Proficiency in convertible securities, financial modeling, quantitative analysis, and statistical tools (e.g., Python, R, MATLAB, VBA).
- Experience working with large data sets and familiarity with data visualization tools.
The salary range for this role is expected to be $140,000 - $170,000, with eligibility for an annual discretionary bonus and a comprehensive benefits package.
AQR is an Equal Opportunity Employer.
#J-18808-Ljbffr