Portfolio Manager

| Chicago
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The Group: Morningstar Investment Management is a diverse global team with a shared mission to empower investor success by delivering outstanding investment results. By helping investors meet their goals, we believe we can build up individuals, families, and communities. 

 

Our investment approach is guided by timeless investment principles, supported by deep research, and informed by behavioral science. We frequently collaborate on research and projects with our colleagues around the world, both within Investment Management and across the wider Morningstar group. We are committed to continuous learning and high ethical standards, placing needs of our investors first in everything we do.

 

 

The Role: The Investment Management group requires an experienced portfolio manager to contribute to our multi-asset portfolios. Reporting to the Americas Chief Investment Officer, this position will lead the group’s asset class research on the Americas equity team. The portfolio manager will also be responsible for building baskets of individual stocks targeting specific opportunities —for example sectors or countries—identified as attractive according to the group’s capital markets research process. The portfolio manager will join the management teams of Morningstar’s 40-Act mutual funds and its strategy teams responsible for multi-asset portfolio positioning. Along with other senior leaders, the portfolio manager will be responsible for the mentorship and development of analysts and associate portfolio managers and will work closely with others in the investment management global leadership team to maintain the group’s investment philosophy and commitment to analytical excellence. The portfolio manager will collaborate with product, marketing, and sales teams to communicate effectively with financial advisors and clients and drive product adoption. This role will be based in our Chicago office.

 

Responsibilities

  • Lead asset class research for the Americas equity, focused on identifying sector, industry and country-specific opportunities in Americas opportunity set.

  • Lead efforts to construct baskets of individual stocks to target sector, country, or style-based investment opportunities.

  • Contribute to the management of the Morningstar Mutual Funds.

  • Contribute to the management of multi-asset strategies.

  • Aid in the development and refinement of portfolio management processes and analytics.

  • Collaborate with other members of the global leadership team to develop and enhance MIM culture.

  • Advocate for MIM investment principles and approach.

  • Act as subject matter expert to internal and external audiences via quarterly reporting, white papers, webinars, road shows, and conference presentations.

  • Support product, marketing, sales, trading, and operation functions as needed to ensure seamless execution and effective communication.

  • Lead and contribute to the global best practice methodologies investment working groups.

  • Participate in investment team senior leadership meetings, the US Investment Policy Committee, and other recurring meetings.

 

Qualifications

  • Alignment with MIM’s long-term philosophy and valuation-driven process

  • Significant experience in fundamental equity analysis across a wide range of industries and market segments

  • Experience in equity industry and country analysis, including profitability trends, competitive dynamics, and the impact of macroeconomic factors

  • Significant experience with financial statement analysis and corporate valuation

  • Experience in index replication, including familiarity with index construction methodology and optimization

  • Willingness to contribute to multi-asset portfolio construction

  • Demonstrated ability to consider holistic portfolio construction and long-term client outcomes

  • Strong communication skills, both written and verbal

  • Excellent interpersonal skills, team-player

  • Excellent critical thinking skills for investing

  • Familiarity with a range of quantitative tools and research platforms

  • Familiarity with optimizers and related tools

  • Familiarity with economics and behavioral finance

  • 10+ years of hands-on investment experience

  • Bachelor's degree required; graduate degree preferred, particularly a MBA or CFA designation

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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 stand up
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
Someone's primary function is managing the company’s diversity and inclusion initiatives
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
Disability insurance covers 60% of annual salary up to $15000 monthly maximum payout.
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
Our mentorship program includes 1-to-1 program, Career mentoring, Leadership mentoring.
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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