Morningstar Inc.
Senior Investment Analyst
Chicago · Senior
Sponsorship not specified$117k-$125kDetected 23 days ago
PythonMATLABResearchLeadershipMentoring
About the role
- Job Duties: It is expected the candidate can use these in conjunction with a deep understanding of financial markets to estimate long-term variables to generate expected returns (10%).
- Strong knowledge of financial theory, especially long-run cash flow models and present value relations, and the ability to translate stock-based theories and models to broader asset classes (10%).
- Expert in estimating equity expected returns using supply side framework, with proven contributions to this area (15%).
Responsibilities
- 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.
- Expert knowledge in econometrics techniques and the ability to develop complex models.
Requirements
- Also, must have Chartered Financial Analyst (CFA) credential.
- 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 Bayesain Markov Chain Monte Carlo methods.
- 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.
Compensation
- $116,979 - 125,271
- Compensation and Benefits
- 100% 401k match up to 6% of salary
- Company provided life insurance - 1x salary + commission
- Additional medical Wellness Incentives - up to $300-$600 annual
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Benefits
- Knowledge fundamental demand side equity models, with the ability to use present value relations to decompose risk premiums into supply side estimations of the equity risk premiums (10%).
- Expert in equity index aggregation methodologies, including ability to construct fundamentals based on unique Morningstar data and variables.
Equal opportunity
- Morningstar Investment Management is an equal opportunity employer.
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