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For Companies At a Glance
- Tasks: Join the Indexes New Product Development Team to create innovative investment solutions.
- Company: Morningstar, a leader in investment research and data.
- Benefits: Hybrid work model, flexible benefits, and tools for global collaboration.
- Why this job: Make an impact by developing cutting-edge indexes that empower investors.
- Qualifications: Up to 2 years of experience in quantitative finance or engineering.
- Other info: Collaborative environment with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
The Morningstar Indexes Team leverages its expertise in equity research, manager research, bond research, private markets, asset allocation, and portfolio construction to create innovative investment solutions. It uses Morningstar's intellectual property to create indexes that empower investors to achieve their goals at every stage of the investment process - market monitoring, benchmarking, and asset allocation. The unit offers a broad suite of global equity, bond, private and asset allocation indexes.
The Role
As a part of the Indexes New Product Development Team, you will participate in the full development cycle including ideation, design, development, presentations to global research team and clients, leading up to implementation. The ideal candidate will have a good grasp of investment concepts, possess strong analytical skills, and good communication skills. Technical proficiency with at least one programming language (Python, R or MATLAB) in addition to SQL is desirable. This position is based in our London office.
Responsibilities
- Collaborate effectively with Morningstar research organization including equity, quantitative, manager, private markets or sustainability research teams, and product management to develop novel thematic and smart beta indexes that leverage Morningstar IP.
- Work on the entire product development lifecycle from ideation, design, development, and validation, leading up to launch.
- Work closely with other index teams to operationalize index methodologies.
- Develop new tools and capabilities to perform portfolio construction or analytics independently, including the use of statistical and machine learning techniques.
- Explore AI implementation for research and portfolio analysis.
- Publish white papers, factsheets, client presentations, and other collateral to support go-to-market plans.
Requirements
- Up to 2 years of experience.
- Bachelor's degree in a quantitative, financial discipline, or engineering.
- MBA from a premier institute is preferred.
- CFA charter or candidature (at least passed Level I) is preferred.
- Hands-on experience with creating Strategic Beta (Factor), ESG Indexes or similar rules-based quantitative investment strategies is preferred.
- Knowledge of institutional investing, modern portfolio theory, and portfolio construction processes.
- Excellent documentation habits, oral and written communication and presentation skills including ability to distil complex ideas into simple explanations.
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.
Quantitative Analyst, New Product Development employer: CFA Institute
Contact Detail:
CFA Institute Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Analyst, New Product Development
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at Morningstar. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Show off your skills! If you've got experience with Python, R, or SQL, make sure to highlight that in conversations. Maybe even bring along a project or two to discuss during interviews.
✨Tip Number 3
Prepare for the unexpected! Be ready to tackle some analytical problems on the spot. Brush up on your quantitative skills and think through how you'd approach real-world scenarios.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining the team.
We think you need these skills to ace Quantitative Analyst, New Product Development
Some tips for your application 🫡
Show Your Analytical Skills: Make sure to highlight your analytical skills in your application. We want to see how you approach problems and your thought process, especially when it comes to investment concepts and portfolio construction.
Tailor Your Application: Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific requirements of the Quantitative Analyst role. Mention your experience with programming languages like Python or R, as well as any relevant projects you've worked on.
Communicate Clearly: We value good communication skills, so make sure your written application is clear and concise. Avoid jargon where possible and aim to distil complex ideas into simple explanations, just like you would in a client presentation.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at CFA Institute
✨Know Your Numbers
As a Quantitative Analyst, you'll need to demonstrate your grasp of investment concepts and analytical skills. Brush up on key financial metrics and be ready to discuss how they apply to the role. Prepare examples of how you've used data analysis in past projects.
✨Showcase Your Technical Skills
Make sure you're comfortable discussing your experience with programming languages like Python, R, or MATLAB, as well as SQL. Be prepared to explain how you've used these tools in your work, especially in developing indexes or performing portfolio analytics.
✨Communicate Clearly
Strong communication skills are essential for this role. Practice explaining complex ideas in simple terms, as you may need to present your findings to clients or colleagues. Consider preparing a short presentation on a relevant topic to showcase your ability to distil information effectively.
✨Research Morningstar's Approach
Familiarise yourself with Morningstar's investment solutions and their approach to index development. Understanding their methodologies and recent innovations will help you align your answers with their goals and demonstrate your genuine interest in the company.
