2026 Risk 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. Were determined to know what makes financial markets tick and well 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 its 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.

The Team

AQRs Risk Management team has direct responsibility for monitoring and managing market, liquidity, credit, model and operational risk exposures of firm-managed investments. The team performs a wide range of primary and macro driven research, including stress testing, scenario analysis, and hedging methodologies. The risk department works closely with the firms many portfolio managers, researchers and traders across macro, equity, credit and derivatives markets in order to holistically manage the firms risks.

Your Role

AQRs Risk Management team is looking for exceptionally talented individuals to participate in our summer internship program. The Summer Analyst will contribute to a variety of the Risk teams functions and gain practical experience in managing market risks. The role will include research and development of risk methodologies, conducting quantitative investigations and providing ongoing support to risk managers.

Responsibilities include :

• Gain exposure to the many types of market and liquidity risks when managing investment strategies and partner with a seasoned risk manager on a series of varied analytics.
• Incorporate the outcomes of successful research to develop methodologies for risk management, and improve existing ones
• Provide quantitative support to risk managers, including monitoring of investment risk and market risk measures, across portfolios and asset classes
• Support daily risk processes, including active risk management as well as limits monitoring and related escalation procedures
• Participate in new projects, client development initiatives, and ad-hoc activities

What Youll Bring

Who You Are

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