Director of Equity Research, Multi-Asset Research

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

Benefits offered by this job

Stock ownership potential

Comprehensive health benefits

Trust-based time off

Sabbatical program

Parental leave

Tuition reimbursement

Job summary

Morningstar Investment Management, LLC is seeking a Director of Equity Research to lead the MAR team in producing world-class proprietary equity research. The role is based in Chicago or London, reporting to the Head of Multi-Asset Research, and focuses on supporting investment strategies across global equity markets.

The ideal candidate has 7+ years in equity research, strong valuation skills, CFA or higher designation preferred, and exceptional communication abilities.

Qualifications

• 7+ years of equity and company research experience.
• Strong corporate valuation and financial statement analysis.

Responsibilities

• Lead global equity research for multi-asset portfolios.
• Serve on Equity Committee, surface ideas and priorities.
• Oversee capital cycle and industry analyses for equity ideas.
• Author investment theses grounded in valuation and risks.
• Develop and maintain equity valuation frameworks with quant team.
• Mentor a team of equity analysts.
• Represent firm’s equity perspectives in forums and engagements.

Skills

Equity research

Valuation analysis

Critical thinking

Oral & written communication

Investment philosophy

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 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 multiasset 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 indepth industry and capitalcycle analysis as the key source of equity market investment ideas.
• Author actionable investment theses grounded in capitalcycle 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 thoughtleadership 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 plansand coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-termdisabilityinsurance
• 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 & FormalMentorshipOpportunities
  • 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.

002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity