Senior Quantitative Analyst

The Role: 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. The 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 The Qualifications: 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 This role does not qualify for immigration sponsorship. We will not be considering candidates that require immigration sponsorship now or in the future for this role. 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 100% 401k match up to 6% of salary 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 Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses Tuition Reimbursement Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups Total Cash Compensation Range $114,100.00-167,350.00 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 How to Apply for a Job at Morningstar Step 1 When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please. Step 2 You will receive an email notification to confirm that we've received your application. Step 3 If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position. Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call View phone number on click.appcast.io or email View email address on click.appcast.io and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message. US Applicants: Morningstar is an E-Verify program participant. Learn more: This Organization Participates in E-Verify (English) This Organization Participates in E-Verify (Spanish) Right to Work (English) Right to Work (Spanish) EEO is the Law Pay Transparency Notice Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. 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