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Job Title: Senior Quant Analyst (multiple positions)
Location: Chicago, IL
Job Duties:
Analyze large data sets and condense complex information into concise, relevant, and easy to communicate results (10%). Assist in the implementation and maintenance of statistical software applications, research databases, and other data products (10%). Generate original investment research with the goal of improving outcomes for our clients (20%). Responsible for research supporting the company's portfolio construction solutions including optimizers (30%). Represent the work of the quantitative research team to internal stakeholders and external clients (20%). Act as a subject matter expert in multiple investment topics such as equities, fixed income, mutual funds, exchange-traded funds, etc., as well as company's proprietary methodology and data points (10%). * Remote work requests will be considered consistent with company's remote work policy
Job Requirements:
Bachelor's degree in Finance, Computer Engineering, and Computer Science or other related quantitative or financial discipline, or foreign equivalent and 3 years of relevant experience as Quantitative Analyst or a related position involving software engineering, computer engineering, or finance. In alternative, we will accept a Master's degree in Finance, Computer Engineering, and Computer Science or other related quantitative or financial discipline, or foreign equivalent and 1 year of relevant experience as Quantitative Analyst or a related position involving software engineering, computer engineering, or finance. This position also requires: experience with Python and SQL within both software development and analytics environment; experience with numerical optimization techniques and Python libraries including CVXPY; experience with mutual fund, fixed income, and equity databases, including Morningstar, FactSet, Barra, Bloomberg, Aladdin, or Axioma; experience with statistical methods and classic econometric methods used in finance literature; experience with Agile software engineering practices; experience in conducting high quality research on the financial markets; experience with monitoring the latest developments in the literature, particularly among equity and multi-asset portfolio solutions including strategic and tactical asset allocation, and model portfolios. Will accept any suitable combination of education, training, and experience.
Must possess unrestricted right to work in the U.S. in this position
Morningstar is an equal opportunity employer.
Based annual salary range of $97,760.00 - $110,000
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:
If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity
Location: Chicago, IL
Job Duties:
Analyze large data sets and condense complex information into concise, relevant, and easy to communicate results (10%). Assist in the implementation and maintenance of statistical software applications, research databases, and other data products (10%). Generate original investment research with the goal of improving outcomes for our clients (20%). Responsible for research supporting the company's portfolio construction solutions including optimizers (30%). Represent the work of the quantitative research team to internal stakeholders and external clients (20%). Act as a subject matter expert in multiple investment topics such as equities, fixed income, mutual funds, exchange-traded funds, etc., as well as company's proprietary methodology and data points (10%). * Remote work requests will be considered consistent with company's remote work policy
Job Requirements:
Bachelor's degree in Finance, Computer Engineering, and Computer Science or other related quantitative or financial discipline, or foreign equivalent and 3 years of relevant experience as Quantitative Analyst or a related position involving software engineering, computer engineering, or finance. In alternative, we will accept a Master's degree in Finance, Computer Engineering, and Computer Science or other related quantitative or financial discipline, or foreign equivalent and 1 year of relevant experience as Quantitative Analyst or a related position involving software engineering, computer engineering, or finance. This position also requires: experience with Python and SQL within both software development and analytics environment; experience with numerical optimization techniques and Python libraries including CVXPY; experience with mutual fund, fixed income, and equity databases, including Morningstar, FactSet, Barra, Bloomberg, Aladdin, or Axioma; experience with statistical methods and classic econometric methods used in finance literature; experience with Agile software engineering practices; experience in conducting high quality research on the financial markets; experience with monitoring the latest developments in the literature, particularly among equity and multi-asset portfolio solutions including strategic and tactical asset allocation, and model portfolios. Will accept any suitable combination of education, training, and experience.
Must possess unrestricted right to work in the U.S. in this position
Morningstar is an equal opportunity employer.
Based annual salary range of $97,760.00 - $110,000
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
- 75% 401k match up to 7%
- 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 Bonding Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Education Stipend
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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.
002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity
Morningstar Chicago, Illinois, USA Office
Morningstar Global Headquarters Office
22 West Washington Street, Chicago, IL, United States, 60602
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