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Open nowPosted 3 days ago

Senior Quantitative Analyst

Morningstar184 open roles

Pay
$117,500 – $172,350 a year
Where
Chicago
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Your applicationOpen nowSenior Quantitative AnalystMorningstar · Chicago
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The clock on this job

Early applications get read.

13.1% of postings close within 7 days. Measured by our own scanner across the market. Morningstar postings stay open a median of 13 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 13.1%7 days
  4. 21.1%14 days
  5. 35.8%30 days
  6. 59.0%60 days
This job: posted 3 days ago

Morningstar median: 13 days open

The posting

Morningstar's Analytics group turns data into the methodologies, analytics, and insights that help investors make better decisions. We build proprietary intelligence across hundreds of thousands of securities and the portfolios that hold them: equities, fixed income, managed investments, and, increasingly, private and alternative assets. We are applying AI to make that intelligence more accessible and to bring it into investors' research and portfolio workflows. As one of the largest independent sources of fund, equity, and credit data and research in the world, Morningstar is guided by a single mission — empowering investor success.

We are seeking a Senior Quantitative Analyst to join our Quantitative Research team. This role will contribute to developing and enhancing the Morningstar Risk analytics platform, where we apply proprietary methodologies on analyzing the investment risk of stocks, bonds, managed investments, and portfolios. You will analyze large datasets across different asset classes and produce insights that help investors make better decisions.

You'll work with real independence: scoping and owning a project from framing through production, resolving ambiguous judgment calls. You'll also be sought out for expertise in a defined area and expected to improve the quality of work and practice around you.

Responsibilities:

  • Develop a strong understanding of Morningstar’s proprietary methodologies and become a subject-matter expert of Morningstar’s Risk analytical products.
  • Work closely with other quantitative analysts and software engineers to develop and implement methodologies to advance the analytical suites.
  • Become a subject-matter expert on multiple investment themes, particularly on fixed income, equity, and mutual funds.
  • Develop a strong understanding of Morningstar data systems and provide support on model validation and client inquiry.
  • Own projects end to end, from scoping and data validation through methodology design, testing, documentation, and production handoff, and serve as the primary contact for Product and Engineering.
  • Review peers’ work on substance — whether the analytic is sound, the insight holds, and it will be intuitive and actionable for whoever uses it — with feedback that improve the work.
  • Evaluate AI approaches critically and promote responsible AI practice with real standards attached.

Requirements:

  • A bachelor’s degree with 5 years of experience, or a master’s degree with 3 years of experience in quantitative research, financial data, or a related field, with a track record of owning projects end to end, from framing through production.
  • Strong knowledge of investing and financial markets and products, equivalent to what's expected of a CFA charter holder.
  • Solid command of statistical/econometric methods with application in finance.
  • Proficient in Python, SQL with experience building and maintaining production-quality code and documentation. Experience with Amazon Web Services tools such as S3, EMR, Athena is preferred.
  • A track record of developing and enhancing methodologies or analytics, with the technical depth to make judgement on the soundness of an approach.
  • Able to explain methodologies and complex concepts clearly to diverse audiences, from technical peers to non-technical stakeholders, and to communicate progress, risk, and trade-offs with product team and stakeholders.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

  • Financial Health 100% 401k match up to 6% of salary Stock Ownership Potential Company provided life insurance - 1x salary + commission
  • Physical Health Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages Additional medical Wellness Incentives - up to $300-$600 annual Company-provided long- and short-term disability insurance
  • Emotional Health Trust-Based Time Off 6-week Paid Sabbatical Program 6-Week Paid Family Caregiving Leave Competitive 8-24 Week Paid Parental Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement
  • Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$117,500.00-172,350.00

Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

001_MstarInc Morningstar Inc. Legal Entity

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