Director of Equity Research, Multi-Asset Research

Morningstar; Chicago (IL); On-site; USD 196,000 - 300,000; Full time

Benefits offered by this job

100% 401k match up to 6% of salary

Stock Ownership Potential

Health benefits

Job summary

Morningstar is seeking a Director of Equity Research to lead the global equity research function within the Multi-Asset Research team. The role reports to the Head of Multi-Asset Research and can be based in Chicago or London, collaborating with MAR and IM teams to produce world-class proprietary equity market insights.

Requirements include 7+ years in equity research, strong valuation and communication skills, CFA or similar designation preferred, and the ability to mentor a team of analysts

Qualifications

• 7+ years of equity and company research experience with valuation/financial-analysis focus.
• Strong investment research capabilities and ability to support multi-asset strategies.
• Alignment with Morningstar’s investing philosophy and approach.
• Expertise in equity security valuation models and written analysis.

Responsibilities

• Lead global equity research to support multi-asset portfolios.
• Participate in Equity Committee to surface ideas and set research agenda.
• Oversee industry and capital-cycle analyses for investment ideas.
• Author investment theses grounded in fundamental analysis and valuation.
• Develop and enhance equity valuation frameworks with quantitative teams.
• Train, mentor, and develop analysts in equity research.
• Represent the firm's equity perspectives in internal and external forums.

Skills

Equity research

Valuation models

Financial analysis

Investment strategies

Leadership

Mentorship

Communication

Education

CFA designation

Post-graduate designation

Job description

The Group

Research & Investments creates compelling insights and effective investment solutions to empower investor success. We honor time-tested investment principles and consistently apply robust methodologies to earn and protect trust. We thoughtfully deploy our key asset, our people, to scale and deliver more value to more investors. This diverse group comprises Morningstar’s Investment Management (“IM”) and Equity Research teams, in addition to our Behavioral Insights team.

The Group

Research & Investments creates compelling insights and effective investment solutions to empower investor success. We honor time-tested investment principles and consistently apply robust methodologies to earn and protect trust. We thoughtfully deploy our key asset, our people, to scale and deliver more value to more investors. This diverse group comprises Morningstar’s Investment Management (“IM”) and Equity Research teams, in addition to our Behavioral Insights team.

The Role

We require a Director of Equity Research to join our multi-asset research (MAR) team who will report into the Head of Multi-Asset Research. The Director of Equity Research will work closely with the MAR and IM teams, focusing on producing world class proprietary equity market investment research to support the management of the group’s investment strategies. The role is based in either our Chicago or London offices.

Responsibilities

• Lead the global equity research function supporting equity strategies within multi‑asset portfolios
• Serve as a member of the Equity Committee, helping to surface new investment ideas and prioritize the equity research agenda.
• In collaboration with the Equity Committee, develop and oversee the team’s approach to in‑depth industry and capital‑cycle analysis as the key source of equity market investment ideas.
• Author actionable investment theses grounded in capital‑cycle analysis, industry competitive dynamics, valuation assessment, and associated fundamental risks.
• Manage the production and ongoing enhancement of equity valuation frameworks in collaboration with the quantitative research team.
• Train, mentor, and develop a team of analysts responsible for equity research.
• Act as a thought leader for the firm’s equity perspectives across internal forums, client engagements, and selected external thought‑leadership initiatives.
  
  

Requirements

• 7+ years of progressive hands-on equity and company research experience with deep understanding of corporate valuation and financial statement analysis.
• Have a passion for investing, markets, in-depth fundamental investment research, and supporting investment strategies and offerings to meet the needs the evolving market environments that our clients serve.
• Alignment with Morningstar’s philosophy and approach to investing.
• Demonstrated expertise of equity security-level valuation models.
• Excellent critical thinking skills with a focus on industry and company analysis.
• Outstanding oral and written communication skills, with the ability to produce high quality written materials.
• Ability to communicate complex ideas clearly and succinctly.
• CFA designation or a post-graduate designation is preferable.
  
  

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

$195,600.00-299,916.66

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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