Portfolio Manager & Senior Quantitative Researcher

The Area:

The Investment Management group is a global team guided by Morningstar’s investment principles focused on delivering great long-term investment results to help end-investors reach their financial goals.  We use our expertise in asset allocation, investment selection and portfolio construction to create world-class investment strategies leveraging the full resources of Morningstar. The group specializes in multi-asset investing, using building blocks in equities, fixed income and alternative investments to construct robust portfolios.  Through our investment offerings, we serve financial advisers and institutions, and the investors that they serve.

The Role:

The Portfolio Manager & Senior Quantitative Researcher will join the Systematic Strategies team in the Investment Management group. This experienced investment professional is responsible for contributing to the development, implementation, and management of systematic equity strategies globally. This includes, but is not limited to, ideas generation, strategy design, portfolio construction, risk management, cash-flow and corporate actions management, and compliance. In this position, the senior quantitative researcher / portfolio manager is expected to play a leading role within the team and be able to interact with clients, prospects, and senior management across various departments. This role requires a person who demonstrates excellent quantitative analytical skills, a track record for cutting-edge research, and significant experience in day-to-day management of systematic equity strategies.   

Responsibilities:

• Lead and work alongside other team members to build and enhance systematic strategies across all steps of the investment process, including ideas generation, strategy design, portfolio construction and implementation.
• Discover, evaluate, use alternative/new data sources to build novel systematic strategies.
• Partner with operations and trading team to oversee day-to-day management of all aspects of systematic strategies implementation including trading, compliance, managing of daily cash flows and corporate actions.
• Work with leading-edge portfolio construction technology and optimization techniques to construct portfolios as a portfolio building blocks or standalone strategies.
• Communicate systematic strategies performance and attribution, market environment and outlook to internal and external groups including clients and prospects.

Requirements:

• 8+ years of progressive hands-on systematic investing experience including quantitative research and portfolio management, preferably with focus in equity.
• Significant experience in statistical modelling of large data sets and solid understanding of multi-factor models, portfolio construction, optimization, backtesting and scenario analysis.
• Strong quantitative skills with solid understanding of statistics (e.g. panel data analysis, time-series analysis, machine-learning), fundamental analysis, and accounting. Familiarity with equity databases (e.g., FactSet), and optimization softwares (e.g. Axioma).
• Proficiency in programming language(s) (Python, R, or Matlab) and database management software (e.g., SQL).
• Outstanding oral and written communication skills, with experience producing high quality materials for clients, prospects, and publications.
• Proven ability to take investment-related research from idea origination to implementation. Evidence of ability to create alpha through deployment of quantitative systematic strategies.
• Advanced degree in a quantitative discipline; Ph.D. preferred.

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

$195,600.00 - 352,075.00 USD Annual

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.

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