Director, Manager Selection

Morningstar; Chicago (IL); On-site; USD 201,000 - 309,000; Full time

Benefits offered by this job

100% 401k match up to 6%

Stock Ownership Potential

Company-provided life insurance

Health benefits

Sabbatical program

Parental leave

Mentorship opportunities

Job summary

Morningstar Wealth seeks a director to join our Manager Selection team and lead our fund research process, focusing on fiduciary services for retirement plan lineups. You will monitor funds, develop best practices, and work with Morningstar Retirement to serve institutional clients.

You will also contribute to selecting and overseeing fund managers to meet client needs, while collaborating with MSS and Retirement teams. This role is based in our Chicago office.

Qualifications

• 7+ years evaluating investment strategies and funds.
• Experience with institutional clients such as retirement plans and wealth managers.
• Strong writing and quantitative skills; detail-oriented.

Responsibilities

• Assess and oversee mutual funds for fiduciary services.
• Cover asset classes and report to Retirement team.
• Develop best practices in retirement plan lineup design.
• Prepare memos and evaluations quarterly or semi-annually.
• Engage in client relationship management.
• Present to clients when needed.

Skills

Investment evaluation

Fund research

Client management

Quantitative analysis

Written communication

Education

Bachelor's Degree

Job description

The Role

Morningstar Wealth seeks a director to join our Manager Selection team. Reporting to our Head of Manager Selection and working closely with colleagues in the Manager Research team, you will take a lead role in our fund research process, which forms a cornerstone of our Manager Selection Services (MSS). This will include the monitoring of funds as well as contributing to new ideas. Working closely with the other members of the MSS team, you will also be responsible for managing a number of our key client relationships.

You will focus primarily on assessing funds for the team’s Fiduciary Services work, which involves evaluating, selecting, and monitoring funds for use in retirement plan lineups. In our Fiduciary Services work you also will help to develop and promote best practices in retirement plan lineup design and management. You will work closely with members of the Morningstar Retirement team, which provides comprehensive retirement solutions. You also will participate in the broader work of the team, which involves assessing, selecting, and overseeing fund managers and funds to meet a variety of non-retirement portfolio and select-list criteria. This position is based in our Chicago office.

The Responsibilities

• Comprehensive assessment and oversight of investment offerings (primarily mutual funds), including strategy, management, and firm.
• Coverage of an asset class or subsets of asset classes.
• Work with colleagues in Retirement to provide excellent service to institutional clients, helping meet reporting deadlines.
• Work collaboratively with MSS team and Manager Research analysts to set expectations for fund performance, identify areas of concern, and role in portfolio.
• Contribute to memos and evaluations written quarterly or semi-annually.
• Engage in the creation and ongoing maintenance of defined contribution engagements with plan providers and plan sponsors.
• Periodically develop presentations and present to clients
• Work collaboratively with team to assess and refine selection process on an ongoing basis.

The Requirements

• 7+ years of experience in evaluating investment strategies from both quantitative and qualitative perspectives, interviewing fund managers, and assessing funds’ long-term prospects.
• Experience working with institutional clients such as retirement plan record keepers, wealth management firms, and broker-dealers.
• Strong writing abilities, excellent quantitative skills, and meticulous attention to detail
• Bachelor's Degree

The Group:

The manager selection team draws on core capabilities in manager research to provide innovative investment solutions to institutions, advisors, and investors worldwide. The team serves investors and advisors through its work with institutional clients, providing retirement plan and non-retirement investment selection and oversight services.

Compensation And Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
• Physical Health
  • 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
• Emotional Health
  • 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
• Social Health
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$201,450.00-308,900.00

Inclusive of annual base salary and target incentive

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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