Director of Product Management, Market Monitoring at Morningstar

| Chicago
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The Team
The Morningstar Data Team delivers market data from more than 250 global data sources across a full range of financial asset classes. We supply this data both internally (to other Morningstar businesses) and externally to clients, supporting the need for accurate, fast, reliable market information in a variety of formats and time intervals. As well as real-time delivery, a large amount of tick-by-tick historical data, corporate actions, reference data and other asset specific content is stored and made available to customers.


The Role
Morningstar’s Market Monitoring solution is a nascent product line with large ambitions to displace incumbent providers and exponentially grow from both a seats and revenue perspective. As Director, you will be accountable for all aspects of our Market Monitoring solution and business (in the Americas) from product specifications, go-to-market planning and execution, resource and budget ownership and service and operations. Some of these aspects will function as direct line reports, others will be matrixed. This is a role that will require cross-functional interaction skills and the ability to successfully operate in a matrixed organization.


As the business owner, the Director will be required to operate at a strategic level, understanding the key Market Monitoring industry trends, competitive landscape and best practices – assisting the data leadership group in forming our long-term strategy. The go-to-market for Market Monitoring is expected to be very high touch and involve a lot of direct client marketing. The ideal candidate will be cable of not only building great products, but also able to communicate our value proposition of our offering digitally, to technical clients and ultimately in the board room.


This role will report to the Global Head of Data and Research Products and will also be part of the overall leadership team. This position may be located in our Chicago or Toronto offices.


Responsibilities:

  • Maintain excellent knowledge of Market Data industry trends and best practice – providing relevant intelligence that will drive the Market Monitoring roadmap.
  • Develop and drive go to market planning to identify how the solution is positioned in the marketplace ensuring low friction access to potential clients in order to identify high quality potential leads.
  • Work closely with Product Marketing to develop and maintain a thoughtful set of marketing materials that illustrates the strength of the offering, the value proposition and the differentiation versus the competition.
  • In partnership with sales, drive and deliver on RFPs and other sizeable engagement opportunities helping align resources and leadership to deliver client wins.
  • Create and own the product pricing rate card for North America and provides suggestions for multi-rate opportunities; partners with Client Solutions/Deal Desk and other Market Data product managers to develop pricing guidelines.
  • Ensure our product specifications capabilities remain at the cutting of technology and industry standards.
  • Create, develop and sponsor new IP from Morningstar that will drive competitively advantaged product differentiation between our offering and that of our competitors.
  • Develop and own the definition of the overall strategy for Market Monitoring for North America, including but not limited to owning the annual budget and forecasting processes and working closely with the sales specialist to develop the market and creating prospecting lists.
  • Maximize alignment with other Morningstar divisions where similarities exist, and benefits can be realized.


Requirements:

  • Wealth/Finance related product management experience (7+ years).
  • Specific Market Data Terminal, Components and/or Monitoring experience (7+ years) a plus.
  • Knowledge of Morningstar’s research and advisor facing software platforms a plus.
  • Knowledge of Market Monitoring competitive landscape and solutions.
  • Experience in owning budgeting and forecasting for a product or service.
  • Demonstrated communication skills and success in positioning complex integrated solutions to clients.
  • Proven ability to gain consensus and execute against strategy. 
  • Experience working in a Product Management role with a focus on market development.
  • Highly service focused with experience working with globally distributed teams, stakeholders and customers.
  • Strong planning skills with track record of executing large complex problems.
  • Experience working at all levels within an organisation including Senior Management stakeholders.
  • Pro-active, flexible, always remaining calm with ability to work in a demanding environment.
  • Excellent verbal and written communication skills.
  • A sense of ownership, initiative and drive.
  • Bachelor's degree.
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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
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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