Senior Quantitative Investment Analyst

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About the position

Morningstar Direct’s Analytics Department is hiring for its quantitative research team and looking for a knowledgeable, enthusiastic, creative, and results-driven individual with 5+ years of experience in equity research or quantitative finance to join us. The team’s mandate is rooted in equity research excellence: to develop and enhance the rigorous financial methodologies that underpin Morningstar’s equity ratings and investment analytics. Its work is fundamentally finance-first — devising valuation frameworks and factor models, strengthening our equity research process, and building tools that empower our 100+ equity analysts and the institutional clients who rely on their insights. The role will report to the Director of Quantitative Research, Equities, situated within Morningstar Direct’s Analytics department.

Responsibilities

  • Pursue a deep understanding of Morningstar’s equity methodologies, analyst workflows, data requirements, and client needs.
  • Partner with equity research, equity data, and clients globally to identify areas where we might apply quantitative methods to benefit our analyst teams and customers.
  • Independently develop and refine quantitative valuation frameworks, factor models, and screening methodologies that strengthen Morningstar’s equity research process and analyst capabilities.
  • Rigorously back-test and validate quantitative investment models, evaluating their predictive power, financial relevance, and robustness across market cycles.
  • Partner with model validation and engineering teams to productionize research outputs; programming proficiency (Python preferred) is expected, but serves the research, not the other way around.
  • Create detailed specification documents and client-facing white papers.
  • Communicate clear and concise project status information to key stakeholders, including the Morningstar product teams and clients.

Requirements

  • Bachelor’s degree is required; Finance, Economics, or Accounting strongly preferred; Computer Science or Statistics considered when paired with demonstrable investment knowledge.
  • CFA charter holder or active CFA candidate strongly preferred; demonstrated commitment to investment excellence is a key differentiator.
  • Working proficiency in Python or equivalent quantitative tools; financial domain expertise and investment intuition take priority over pure programming depth.
  • Familiarity with quantitative research tools and openness to applying emerging analytical techniques — including AI-assisted research — to investment problems.
  • Deep understanding of equity valuation, fundamental analysis, and the investment research process; genuine passion for markets and the interplay between quantitative signals and financial judgment.
  • More than 5 years of experience in investment research, equity analysis, or quantitative finance within an asset management, sell-side, or financial data context.
  • Ability to communicate complex ideas clearly and succinctly.
  • Strong analytical and logical reasoning skills.
  • Effective time management skills.
  • Comfortable taking the initiative and working without detailed guidance or supervision.
  • Proactive and positive attitude, and a team player.

Benefits

  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
  • 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
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - \$1000 annually to cover personal education & well-being expenses
  • Tuition Reimbursement
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups
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