Senior Quantitative Analyst
Morningstar, Chicago, IL, United States
This job is with Morningstar, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
The Role:
Morningstar Directs Analytics Department is hiring for its quantitative research team and looking for a knowledgeable, enthusiastic, creative, and results-driven individual with 5+ years of experience in quantitative data analysis to join us. The teams mandate is broad: to accelerate innovation across the equities asset class. Its scope of potential activities is diverse: devising methodologies to enhance our equity ratings and analytics, developing tools to empower our 100+ equity analysts and external clients, and partnering with colleagues to create novel ways to classify, compare, and evaluate asset types that Morningstar does not yet cover-ranging from "real" assets like timberland to intangible assets like cryptocurrencies. The role will report to the Director of Quantitative Research, Equities, situated within Morningstar Directs Analytics department.
The Responsibilities:
Pursue a deep understanding of Morningstars equity methodologies, analyst workflows, data requirements, and client needs.
Partner with equity research, equity data, and clients globally to identify areas where we might apply quantitative methods to benefit our analyst teams and customers.
Independently develop new methodologies, processes, or tools to empower our analysts and enhance our research.
Evaluate the efficacy of new or existing methodologies using Python
Deploy high-quality Python programs in concert with model validation and engineering staff.
Create detailed specification documents and client-facing white papers
Communicate clear and concise project status information to key stakeholders, including the Morningstar product teams and clients
The Qualifications:
Bachelors degree is required Accounting/Finance/Economics/Computer Science preferred
Progress toward or attainment of CFA designation is considered an asset
Strong Python skills (with a high willingness to continue learning)
High degree of AI familiarity (work tools like Github Copilot and deployable client-facing AI products)
Firm grasp of equity data and an interest in equity research
More than 5 years of experience in quantitative data analysis, preferably related to investment research.
Ability to communicate complex ideas clearly and succinctly.
Strong analytical and logical reasoning skills.
Effective time management skills
Comfortable taking the initiative and working without detailed guidance or supervision
Proactive and positive attitude and a team player
This role does not qualify for immigration sponsorship. We will not be considering candidates that require immigration sponsorship now or in the future for this role.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. Thats 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
$114,100.00 - 193,975.00 USD Annual
Inclusive of annual base salary and target incentive
Morningstars hybrid work environment gives you the opportunity to collaborate in-person each week as weve found that were at our best when were 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, youll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity
The Role:
Morningstar Directs Analytics Department is hiring for its quantitative research team and looking for a knowledgeable, enthusiastic, creative, and results-driven individual with 5+ years of experience in quantitative data analysis to join us. The teams mandate is broad: to accelerate innovation across the equities asset class. Its scope of potential activities is diverse: devising methodologies to enhance our equity ratings and analytics, developing tools to empower our 100+ equity analysts and external clients, and partnering with colleagues to create novel ways to classify, compare, and evaluate asset types that Morningstar does not yet cover-ranging from "real" assets like timberland to intangible assets like cryptocurrencies. The role will report to the Director of Quantitative Research, Equities, situated within Morningstar Directs Analytics department.
The Responsibilities:
Pursue a deep understanding of Morningstars equity methodologies, analyst workflows, data requirements, and client needs.
Partner with equity research, equity data, and clients globally to identify areas where we might apply quantitative methods to benefit our analyst teams and customers.
Independently develop new methodologies, processes, or tools to empower our analysts and enhance our research.
Evaluate the efficacy of new or existing methodologies using Python
Deploy high-quality Python programs in concert with model validation and engineering staff.
Create detailed specification documents and client-facing white papers
Communicate clear and concise project status information to key stakeholders, including the Morningstar product teams and clients
The Qualifications:
Bachelors degree is required Accounting/Finance/Economics/Computer Science preferred
Progress toward or attainment of CFA designation is considered an asset
Strong Python skills (with a high willingness to continue learning)
High degree of AI familiarity (work tools like Github Copilot and deployable client-facing AI products)
Firm grasp of equity data and an interest in equity research
More than 5 years of experience in quantitative data analysis, preferably related to investment research.
Ability to communicate complex ideas clearly and succinctly.
Strong analytical and logical reasoning skills.
Effective time management skills
Comfortable taking the initiative and working without detailed guidance or supervision
Proactive and positive attitude and a team player
This role does not qualify for immigration sponsorship. We will not be considering candidates that require immigration sponsorship now or in the future for this role.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. Thats 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
$114,100.00 - 193,975.00 USD Annual
Inclusive of annual base salary and target incentive
Morningstars hybrid work environment gives you the opportunity to collaborate in-person each week as weve found that were at our best when were 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, youll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity