Quantitative Research Manager at Morningstar

| Chicago
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The Group:
Morningstar's Quantitative Research Group creates independent investment research and data-driven analytics designed to help investors and Morningstar achieve better outcomes by making better decisions. We utilize statistical rigor and large data sets to inform the methodologies we develop. Our research encompasses hundreds of thousands of securities within a large breadth of asset classes including equities, fixed income, structured credit, and funds. Morningstar is one of the largest independent sources of fund, equity, and credit data and research in the world, and our advocacy for investors' interests is the foundation of our company.
The Role:
As a Quantitative Research Manager, you will be responsible for multiple high-profile investment research projects across the managed product domain. You will be a lead authority on the Morningstar Quantitative Rating and communicate the methodology to a wide range of industry professionals. In addition, you will be responsible for the ongoing development, methodology, and quality assurance of the Morningstar Quantitative Rating and Analysis, Morningstar Risk Ranking, Morningstar Markets Observer and all Automated Text solutions. You will be expected to keep pace with trends in financial research and data science industries.
As a manager and mentor, you will be expected to adopt an "iron sharpens iron" attitude where the focus is on making everyone better. Not focusing on your colleagues shortcomings but recognizing their strengths. Respect is foundational. We want to pull people up and not push them down.
A successful candidate will have impeccable interpersonal and communications skills, a solid quantitative mindset, a strong understanding of finance, and a deep knowledge of the global investing landscape though with an emphasis on the US market.
This position is based in our Chicago office.
Job Responsibilities
  • People Management - you will manage a team of researchers and software engineers. Mentoring the people below you by developing their skills and positioning them for success is critical. Additionally, you will be functionally responsible for the support engineering team in Mumbai so you will need to work closely and collaborate with the management team in Mumbai.
  • Execution - you will be responsible to executing against a roadmap for incremental feature development
  • Quality -- you will be responsible for core Morningstar IP so you will need a strong sense of ownership, attention to detail, and willingness to dig into the weeds. You will work with Ratings Council to approve changes and provide necessary analysis
  • Project Management - utilize and advocate for Agile project management practices to track projects, coordinate with internal groups, and resolve conflicts.
  • Keep pace with trends in financial industry, as well as Data Science and Financial Research industries. Can apply data science techniques to relevant and meaningful financial industry client needs. When making decisions, considers the impact a solution will have on both a global and local level.

Qualifications
  • A Masters degree (or higher) in quantitative or financial discipline
  • 7-10 years of work experience
  • Minimum 5 years of experience in software engineering or finance
  • Minimum 3 years of experience in people management
  • Ability to work collaboratively in a team environment, while also taking ownership of projects independently with minimal supervision.
  • Excellent written and oral communication skills
  • Proficient in at least one statistical modeling language (R or Python)
  • Proficient with SQL
  • Proficient with Agile software engineering practices
  • Ability to stay organized and to quickly and efficiently handle multiple projects at the same time is crucial in this role
  • Intellectual curiosity for the world of quantitative research
  • Ability to create and promote a culture of technology excellence and innovation.
  • Experience with Python, AWS and various data storage, big data technology and streaming data processing.
  • Creative thinker with the ability to solve problems.
  • Ability to interface and project confidence and clarity directly with senior leaders both internally at Morningstar and externally with institutional clients.
  • Ability to convert strategic plans into actionable programs and projects.
  • Ability to create and promote a culture of technology excellence and innovation.
  • Creative thinker with the ability to solve problems.
  • Ability to communicate the technical possibilities and limitations of systems to non-technical colleagues in meaningful and constructive ways.
  • Pragmatist who is bold, willing to think big, and encourage teams to act decisively.
  • Understands the market being served by staying on top of market trends and putting Morningstar's corporate mission into practice. Understands Morningstar's direction and helps to create a powerful vision. Can decipher which projects have the highest ROI and recognize where intellectual property or R&D ideas can help further company growth.

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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • D3JSLibraries
    • ReactLibraries
    • AngularJSFrameworks
    • ASP.NETFrameworks
    • Backbone.jsFrameworks
    • Ember.jsFrameworks
    • ExpressFrameworks
    • FlaskFrameworks
    • Node.jsFrameworks
    • PlayFrameworks
    • SpringFrameworks
    • MariaDBDatabases
    • MemcachedDatabases
    • Microsoft SQL ServerDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

Location

22 W. Washington , Chicago, IL 60602

An Insider's view of Morningstar

What does your typical day look like?

Every day is a little different. Our team is focused on POC (Proof of Concepts). My work involves problem-solving, development and software design. I work on the Data collections team, currently most of this involves, on a high level, automating the process currently used to collect data from raw sources through Machine Learning.

Upasna

Software Engineer, Data Collections - AI R&D

How does the company support your career growth?

We believe in promoting from within, based on previous impact to the team. Whenever possible, we will stretch our employees to take on expanded roles that aligns with the career progression they are interested in.

Jeff

Head of Technology and Product

What are Morningstar Perks + Benefits

Morningstar Benefits Overview

At Morningstar, your contributions have meaning and can drive change. Across our 27 offices worldwide, we’ve invested in fostering a community where talented, driven people can grow. Our entrepreneurial spirit and uncompromising ethics guide everything we do. It’s all in the name of empowering investors. Morningstar is proud to offer a comprehensive benefits package to eligible, full-time employees in the United States who work a minimum of 30 hours per week. Our benefits are designed to invest in your -- and your family's well-being, including investments in your health and financial future.

Culture
Volunteer in local community
Morningstar encourages our colleagues to become involved in their communities, by providing paid time off for volunteer activities.
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Morningstar encourages unconscious bias training for all employees, especially managers and hiring personal. We believe that by raising awareness of bias we can decrease its effects.
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Morningstar offers two Flexible Spending Accounts (FSA)— one for healthcare expenses and one for dependent care expenses. You may enroll in both $ determine the contribution amount.
Disability Insurance
Dental Benefits
Our dental plan covers 100% of preventive services, 80% of basic services, and 50% of major services.
Vision Benefits
With Morningstar's vision benefits you can get an annual eye exam with an in-network provider with just a $10 copay.
Health Insurance Benefits
Morningstar continues to offer the choice of two medical plans—the Savings Plan and the Classic Plan. Both are administered by Blue Cross and Blue Shield of Illinois (BCBS).
Life Insurance
Morningstar offers 4 tiers of life insurance that offer varying benefits. Basic Life insurance is equal to 1 times an employee's annual salary.
Wellness Programs
Mental Health Benefits
Our insurance covers 80% on in-network mental health services. Our Employee Assistance Program provides no-cost, confidential, 24-hour counseling on a wide variety of issues.
Retirement & Stock Options Benefits
401(K)
Take advantage of a number of Morningstar tools to help you manage your 401(k) account and your finances, including Morningstar Retirement Manager, available to you at no cost.
401(K) Matching
Morningstar provides employees with a 401(k) matching plan managed. We match $0.75 for every dollar contributed, up to a maximum of 7% of employee pay contributed to the plan each pay period.
Company Equity
Morningstar’s global employee equity benefit, Shared Ownership, enables you to take a portion of your bonus payout and exchange it for RSUs, with Morningstar providing an additional 50% match.
Employee Stock Purchase Plan
Colleagues who exceed their performance goals substantially may be eligible for Impact RSU Awards as an additional reward on top of their cash bonus/commission award.
Performance Bonus
Match charitable contributions
Morningstar's Matching GIfts program will match your charitable giving up to the local currency equivalent of $500 USD per calendar year.
Child Care & Parental Leave Benefits
Child Care Benefits
Morningstar offers the option of in-home child and elder care, in addition to the existing day care center back-up care benefit.
Generous Parental Leave
Morningstar has a global minimum of 6 weeks paid time-off to bond with new family members. This benefit applies to all individuals equally, including birth mothers, fathers, adoptive parents.
Flexible Work Schedule
Morningstar provides employees with a flexible work schedule that includes Summer hours, Work from home, Flexible start and end times.
Remote Work Program
The safety of our employees is very important to us. We have been operating remotely due to COVID-19.
Family Medical Leave
Eligible employees may take up to 12 weeks of job-protected, unpaid leave per year for certain specified reasons, and up to a total of 26 workweeks of leave to care for a family member.
Adoption Assistance
We reimburse up to 80% for eligible adoption expenses, up to $4,000 per adoption, in addition to a minimum of 6 weeks paid time off.
Return-to-work program post parental leave
Company sponsored family events
Morningstar sponsors family oriented events Annually.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Our employees receive 2 days per year of paid volunteer time.
Sabbatical
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Some Meals Provided
Happy Hours
Parking
Recreational Clubs
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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