Lead Quantitative Analyst, New Product Development

Morningstar Credit Ratings, LLC; Mumbai; On-site; INR 1,800,000 - 3,600,000; Full time

Benefits offered by this job

Hybrid work environment

Job summary

Morningstar Indexes seeks a Lead Quantitative Analyst to drive the development of rules-based benchmarks and strategic beta indexes. The role collaborates with credit, equity, quant, and product teams to leverage Morningstar IP and deliver advanced analytics to clients.

You will lead end-to-end index design, back-testing, and operationalization, while applying AI/ML techniques to enhance portfolio construction and research output for global clients.

Qualifications

• 4+ years of experience at an index provider, asset management firm or investment bank.
• Experience leading projects independently or guiding research analysts.
• Strong programming and database skills.
• Proficiency in Python, Matlab or R.
• Familiarity with modern portfolio theory and index construction processes.
• Excellent communication with global clients.

Responsibilities

• Develop rules-based benchmark and strategic beta indexes across sub-asset classes with internal partners and clients.
• Oversee the index development life cycle: ideation, data analysis, design, back-testing, operationalization, and launch.
• Collaborate with Morningstar research teams and product management to leverage Morningstar IP.
• Develop tools for portfolio construction and analytics using statistical and machine learning techniques.
• Support product management, sales & marketing via white papers and client roadshows.

Skills

Python

Matlab

R

AI tools

Communication skills

Presentation skills

Machine learning

Education

Bachelor’s degree in quantitative/financial discipline or engineering

CFA / MBA or graduate degree helpful

Tools

GitHub Copilot

Job description

Position: Lead Quantitative Analyst, New Product Development – Morningstar Indexes The Area: Morningstar Indexes Team leverages its expertise in credit research, equity research, manager research, asset allocation, and portfolio construction to create innovative investment solutions. We use 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. Morningstar Indexes offers a broad suite of global equity, bond and asset allocation indexes.

Responsibilities

• Develop rules-based benchmark and strategic beta indexes across various sub-asset classes with internal partners and clients
• Be responsible for the index development life cycle: ideation, data analysis, index design and back-testing, operationalization and index launch
• Embrace and enhance a vibrant, high-performing R&D culture that delivers innovative investment solutions through a defined research process
• Collaborate effectively with the broader Morningstar research organization including credit ratings, quantitative, manager or sustainability research teams, and product management to develop novel indexes that leverage Morningstar IP
• Help develop new tools and capabilities to perform portfolio construction and analytics independently, including the use of statistical and machine learning techniques
• Provide support for product management, sales & marketing efforts through white papers, client roadshows and seminars

Requirements

• At least 4 years of experience at an index provider, asset management company or investment bank, with demonstrated quantitative investment analysis expertise
• Prior experience with leading projects independently or guiding research analysts is preferable
• Bachelor’s degree in a quantitative, financial discipline, or engineering; a CFA, MBA or graduate degree in a quantitative or financial discipline is helpful
• Knowledge of institutional investing, modern portfolio theory and index construction processes
• Hands-on analytical and quantitative skills. Practical experience with programming and database packages.
• Proficiency in at least one programming language (Python, Matlab or R)
• Exposure to use of AI tools (Microsoft Copilot, GitHub Copilot, Claude Code, Gemini) to speed up data analysis, research, and documentation
• Ability to work with AI agents to automate simple multi-step tasks and improve workflow efficiency
• Ability to communicate effectively with global clients and internally
• Excellent oral, written communication and presentation skills, with ability to distil complex ideas into simple explanations
• Experience of writing and publishing financial research papers, whitepapers and articles is and added advantage

Morningstar is an equal opportunity employer.

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.

I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what's hidden, simplify what's complex, and create insights that empower investor success. Company overview Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.