What are the responsibilities and job description for the Associate Quantitative Analyst position at myGwork - LGBTQ Business Community?
This job is with Morningstar, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ business community. Please do not contact the recruiter directly.
The Group
The Analytics team plays a critical role in transforming investment data into meaningful insights that power Morningstar's products and client solutions. We generate over 250 billion data points annually across managed investments, equities, and fixed-income datasets. Our outputs span both historical metrics-such as performance data and portfolio statistics, including the Morningstar Rating for Funds and the Morningstar Style Box-as well as forward-looking analytics and ratings, including the Morningstar Portfolio Risk Score and quantitatively assigned Morningstar Medalist Ratings.Our unwavering commitment to high-quality data and analytics is the foundation for empowering investor success.
The Role: As an Associate Quantitative Analyst, you will support our Analytics Service Groups in the areas of model validation and/or special research projects. You will learn the core methodologies of that Service Group and fully integrate into the Service Group's production processes. Working alongside product managers, software engineers, other quantitative researchers, and key downstream stakeholders, you will ensure the integrity and timeliness of model output and the robustness of the underlying methodologies.
We are looking for an individual who possesses strong technical skills, problem solving capability, consulting skills, and an interest in leadership to build efficient model verification frameworks. Alongside the person should have a passion for investment research.
This position is based in our Chicago office.
Job Responsibilities
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:
$70,825.00 - 120,425.00 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
The Group
The Analytics team plays a critical role in transforming investment data into meaningful insights that power Morningstar's products and client solutions. We generate over 250 billion data points annually across managed investments, equities, and fixed-income datasets. Our outputs span both historical metrics-such as performance data and portfolio statistics, including the Morningstar Rating for Funds and the Morningstar Style Box-as well as forward-looking analytics and ratings, including the Morningstar Portfolio Risk Score and quantitatively assigned Morningstar Medalist Ratings.Our unwavering commitment to high-quality data and analytics is the foundation for empowering investor success.
The Role: As an Associate Quantitative Analyst, you will support our Analytics Service Groups in the areas of model validation and/or special research projects. You will learn the core methodologies of that Service Group and fully integrate into the Service Group's production processes. Working alongside product managers, software engineers, other quantitative researchers, and key downstream stakeholders, you will ensure the integrity and timeliness of model output and the robustness of the underlying methodologies.
We are looking for an individual who possesses strong technical skills, problem solving capability, consulting skills, and an interest in leadership to build efficient model verification frameworks. Alongside the person should have a passion for investment research.
This position is based in our Chicago office.
Job Responsibilities
- Ensure the integrity and timeliness of model output, as well as the stability, conceptual soundness, and mathematical/statistical logic of the models.
- Liaise between business, technical and modeling teams, senior management, and governance committees to build efficient model verification frameworks.
- Consistently improve upon existing model validation processes, with an eye toward automation, efficiency, and robustness.
- Work with other model validation analysts to develop cross-team checks that can improve production processes across Analytics.
- Support dashboarding capabilities to support Quality Checks(interactive/automated/visual) that improve the interpretability of predictive models and underlying data.
- Bachelor's degree in a quantitative or financial discipline
- Proficient in at least one statistical modeling language (Python or R)
- Proficient with SQL
- Knowledge of statistical methods
- Ability to stay organized and to quickly and efficiently handle multiple projects at the same time is crucial in this role
- Ability to work collaboratively in a team environment, while also taking ownership of projects independently with minimal supervision
- Intellectual curiosity for the world of quantitative research
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
$70,825.00 - 120,425.00 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
