Note: The job is a remote job and is open to candidates in USA. Morningstar is a leading investment management firm, and they are seeking a Senior Investment Analyst to leverage expertise in financial modeling and econometrics. The role involves driving impactful investment decisions through collaboration with industry leaders and utilizing advanced analytics tools.
Responsibilities
- Estimate long-term variables to generate expected returns
- Strong knowledge of financial theory, especially long-run cash flow models and present value relations
- Translate stock-based theories and models to broader asset classes
- Expert in estimating equity expected returns using supply side framework
- Proven contributions to equity index aggregation methodologies
- Develop complex econometric models and techniques
- Conduct back test studies and research using time series, cross sectional and panel methodologies
- Analyze the effects of different types of economic shocks using SVAR models
- Apply fixed income models and term structure concepts to equities and other asset classes
- Model joint events using multivariate distributions and create simulations using copulas
- Impose diagonal restrictions to capture bottom-up risk information from equity analysts
Skills
- Bachelor's degree in Business Analytics, Finance, Economics, Mathematics, or a related analytical field, or foreign equivalent
- 3 years of relevant investment experience in Associate Analyst (Multi Asset Research), Financial Product Specialist, or related position
- Chartered Financial Analyst (CFA) credential
- Experience with investments, especially expertise in and knowledge of financial theory and the ability to link this to empirical and practical applications, including estimating expected returns and asset allocation
- Experience with advanced return and fundamental decompositions using knowledge of asset pricing theory
- Experience of advanced econometrics and use in daily work flow
- Experience using Python, R, Matlab, Morningstar Direct, Morningstar Direct API in Python, Pitchbook, Office 365 tools relevant to industry database
- Experience in creating expected return models and estimates for public markets
- Experience in creating expected return models for assets with non-observable returns
- Experience in estimating latent variables, including but not limited to state space models and Bayesian Markov Chain Monte Carlo methods
- Expertise in creating fundamental equity indices and fundamental ratios
- Expertise in asset class and security level risk estimates and decompositions using eigenvalues and eigenvectors
- Experience and understanding of economic competitive forces, especially quantitative measurement and modelling dynamics and fade rates of competitive advantages
- Experience with communicating business goals and functional requirements effectively to any audience within the enterprise
- Must possess unrestricted right to work in the U.S. in this position
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
- 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.
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