Morningstar – Lead Quantitative Analyst – New Product Development Morningstar

The Corporate Institute; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Morningstar’s Indexes Team in Mumbai is seeking a seasoned professional to develop rules-based benchmarks and strategic beta indexes. You will lead the index development lifecycle—from ideation to launch—while collaborating with global Morningstar teams to leverage proprietary IP.

The role emphasizes AI-assisted data analysis, quantitative research and clear client communication. You will contribute to innovative investment solutions, publish financial research, and support sales and product

Qualifications

• 4+ years of quantitative investment analysis experience.
• Experience leading projects independently or guiding research analysts.
• Bachelor’s degree in a quantitative/financial discipline or engineering; CFA/MBA or related graduate degree helpful.
• Knowledge of institutional investing, modern portfolio theory and index construction processes.
• Strong programming skills in Python, Matlab or R.
• Exposure to AI tools (AI assistants) to speed up data analysis, research and documentation.
• Ability to work with AI agents to automate simple multi-step tasks and improve workflow.
• Excellent written and oral communication, with ability to present complex ideas clearly.
• Experience writing and publishing financial research papers, whitepapers or articles.

Responsibilities

• Develop rules-based benchmark and strategic beta indexes across sub-asset classes with internal partners and clients.
• Manage the index development lifecycle: ideation, data analysis, index design and back-testing, operationalization and launch.
• Foster a high-performing R&D culture delivering innovative investment solutions via a defined research process.
• Collaborate with Morningstar research teams and product management to develop novel indexes leveraging Morningstar IP.
• Develop tools and capabilities for portfolio construction and analytics, including machine learning techniques.
• Support product management, sales and marketing with white papers, client roadshows and seminars.

Skills

Quantitative investment analysis

Project leadership

Programming (Python/ Matlab/ R)

AI tools exposure

Data analysis

Portfolio theory

Analytical skills

Financial writing

Client communication

Communication & presentation

Financial research writing

Education

Bachelor's degree in quantitative/engineering/financial discipline

CFA/MBA or graduate degree

Tools

None

Job description

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 an added advantage.

Morningstar is an equal opportunity employer.