Lead Quantitative Analyst, New Product Development

Morningstar; Mumbai City; Hybrid; INR 900,000 - 1,800,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Morningstar India Pvt Ltd in Mumbai is seeking a Lead Quantitative Analyst for New Product Development in Morningstar Indexes. You will develop rules-based benchmarks and oversee the index life cycle from ideation to launch, applying advanced analytics.

The role requires strong programming skills (Python/ Matlab/R), experience with AI tools, and the ability to communicate complex ideas to global clients. You will work with research, product management and marketing to create innovative indexes

Qualifications

• Bachelor’s degree in a quantitative, financial discipline or engineering.
• 4+ years in index, asset management or investment banking with quantitative focus.
• Programming and database experience; proficient in at least one language (Python, Matlab or R).
• Exposure to AI tools to speed up data analysis and documentation.
• Strong communication and presentation skills; ability to distill complex ideas.

Responsibilities

• Develop rules-based benchmark and strategic beta indexes across sub-asset classes.
• Manage index development lifecycle from ideation to launch.
• Enhance R&D culture with a defined research process.
• Collaborate with Morningstar research teams and product management.
• Develop tools for portfolio construction and analytics, including ML techniques.
• Support product management, sales & marketing with white papers and seminars.

Skills

Python

Matlab

R

Quantitative analysis

AI tools

Communication skills

Education

Bachelor’s degree in quantitative/financial discipline

CFA

MBA

Tools

SQL

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.

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