What are the responsibilities and job description for the Quantitative Analyst position at Morningstar?
The Group:
Morningstar’s Analytics Group creates independent investment research and data-driven analytics designed to help investors 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:
Morningstar is seeking a highly motivated and detail-oriented Quantitative Analyst to join our Risk Analytics team. This role is central to the development, maintenance, and enhancement of our proprietary Risk Model applications, such as the Morningstar Portfolio Risk Score. You will collaborate with internal and external stakeholders to ensure our models remain robust, insightful, and aligned with clients’ investment workflows. A successful candidate will have impeccable interpersonal and communications skills, a solid quantitative mindset, and a strong understanding of finance.
Job responsibilities:
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:
$89,625.00 - 152,350.00 USD Annual
Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity
Morningstar’s Analytics Group creates independent investment research and data-driven analytics designed to help investors 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:
Morningstar is seeking a highly motivated and detail-oriented Quantitative Analyst to join our Risk Analytics team. This role is central to the development, maintenance, and enhancement of our proprietary Risk Model applications, such as the Morningstar Portfolio Risk Score. You will collaborate with internal and external stakeholders to ensure our models remain robust, insightful, and aligned with clients’ investment workflows. A successful candidate will have impeccable interpersonal and communications skills, a solid quantitative mindset, and a strong understanding of finance.
Job responsibilities:
- Design, implement, and maintain Risk Model applications used across Morningstar’s platforms, ensuring accuracy, scalability, and performance.
- Model maintenance: build and maintain clean, well-documented notebooks and workflows to facilitate model updates, reproducibility, and ongoing assessment of model efficacy.
- Methodology research: research and develop new methodologies to improve model quality or expand coverage. Conduct rigorous testing and analysis to validate model outputs and ensure consistency with expectations.
- Stakeholder Support: act as a subject matter expert for internal teams and external clients, providing clear and timely responses to inquiries related to model behavior, assumptions, and outputs.
- A bachelor’s degree in quantitative or financial discipline (master's or higher is desirable)
- Minimum 1 year of experience in software engineering or finance
- Strong programming skills in Python and SQL.
- Solid understanding of financial markets and risk modeling techniques. Experience with Morningstar’s mutual fund, fixed income, and equity databases is a plus.
- Intermediate knowledge of statistical methods
- Excellent written and oral communication skills, with the ability to explain complex quantitative concepts to non-technical stakeholders.
- Meet strict deadlines and juggle various tasks while maintaining excellent attention to detail and impeccable accuracy in running and proofing analysis
- Ability to work collaboratively in a team environment, while also taking ownership of projects independently with minimal supervision
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
$89,625.00 - 152,350.00 USD Annual
Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity
Salary : $300 - $600
