Portfolio Manager Lead, Quantitative Investment Group

Wellington Management Company, LLP; Boston (MA); On-site; USD 100,000 - 225,000; Full time

Benefits offered by this job

Competitive compensation

Flexible work schedule

Office 4 days/week with 1 remote

Comprehensive benefits

Job summary

Wellington Management’s Quantitative Investment Group seeks a Portfolio Manager-Lead to design, implement and oversee systematic, model-driven equity and credit portfolios in Boston. The role emphasizes research in portfolio construction, risk modeling and optimization to deliver robust, risk-adjusted returns.

Ideal candidates have extensive experience managing systematic portfolios, deep quantitative methods expertise, and strong knowledge of equity and credit markets.

Qualifications

• Advanced degree in finance, economics, mathematics, statistics, computer science, or related field; PhD or CFA preferred.
• 10+ years of experience in portfolio management or systematic investing, with a focus on equity/credit strategies.
• Strong programming and model-building capabilities for portfolio management and risk modeling.

Responsibilities

• Oversee day-to-day management of systematic, model-driven equity and credit portfolios, ensuring adherence to performance objectives and client mandates.
• Execute quantitative strategies for construction, rebalancing, and optimization to maximize return while managing risk.
• Lead research to refine portfolio construction methodologies, including factor-based investing and optimization techniques.
• Advance risk modeling techniques to ensure resilience across market cycles and stress scenarios.
• Collaborate with research teams to incorporate robust risk-adjusted approaches into design.
• Prepare and present portfolio construction methodologies, risk frameworks, and optimization strategies to clients.

Skills

Python

C#

SQL & Data Modeling

Portfolio Optimization

Risk Modeling

Education

Advanced degree in finance/economics/math

PhD or CFA designation preferred

Tools

SQL Server

Backtesting tools

Git

Job description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

THE ROLE

The Portfolio Manager-Lead within the Quantitative Investment Group will lead the design, implementation, and oversight of systematic, model-driven equity and credit portfolios. This role emphasizes research efforts into portfolio construction, risk modeling, and portfolio optimization, with the goal of delivering consistent performance and robust risk‑adjusted returns for clients. The ideal candidate will have extensive experience managing systematic portfolios, deep expertise in quantitative methods for portfolio management, and a strong understanding of equity and credit markets.

RESPONSIBILITIES

Portfolio Management & Strategy Implementation:

• Oversee the day-to-day management of systematic, model-driven equity and credit portfolios, ensuring adherence to performance objectives, risk thresholds, and client mandates.
• Execute strategies that leverage quantitative models for portfolio construction, rebalancing, and optimization to maximize return while managing risk.
• Ensure consistency and rigor in portfolio implementation across all equity and credit strategies.

Research & Innovation in Portfolio Construction:

• Conduct research and lead efforts to refine portfolio construction methodologies, including factor-based investing, optimization techniques and frameworks tailored to long only and long/short equity and credit strategies.
• Collaborate with quantitative research teams to incorporate robust risk‑adjusted approaches into portfolio design.
• Evaluate new data sources, modeling techniques, and analytical tools to improve portfolio construction and performance.

Risk Modeling & Optimization:

• Advance research efforts into risk modeling techniques to ensure portfolios are resilient across market cycles and stress scenarios.
• Lead the development and application of optimization frameworks to balance alpha generation with risk management objectives.
• Monitor portfolio exposures, factor sensitivities, and portfolio risks, ensuring compliance with client guidelines.

Team Leadership & Development:

• Partner with a team of portfolio managers and analysts focused on systematic equity and credit strategies.
• Promote a collaborative environment that encourages innovation and continuous improvement in portfolio management practices.
• Set clear objectives and performance metrics for the team, aligning efforts with broader organizational goals.

Client Engagement & Communication:

• Partner with product and relationship management teams to articulate portfolio management approaches and performance outcomes to firm clients and prospects.
• Partner with internal and external parties on issues of produce development and design, including back‑testing and simulation.
• Prepare and deliver presentations on portfolio construction methodologies, risk management frameworks, and optimization strategies specific to long only and long/short equity and credit portfolios.

Operational Efficiency & Execution:

• Collaborate with trading, technology, and operations teams to ensure seamless implementation and scalability of systematic portfolio strategies.
• Drive continuous improvements in portfolio management systems, processes, and tools to enhance efficiency and accuracy.

QUALIFICATIONS

Additional qualifications and characteristics include:

Education:

• Advanced degree in finance, economics, mathematics, statistics, computer science, or a related field. PhD or CFA designation preferred.

Experience:

• 10+ years of experience in portfolio management or systematic investing, with a strong focus on equity and/or credit strategies.
• Proven track record of managing model-driven portfolio processes.

Technical Skills:

• Strong proficiency in programming languages such as Python, C#, SQL Server, etc., with a focus on portfolio optimization and risk modeling applications.
• Expertise in portfolio construction techniques, risk management frameworks, and factor-based investing specific to equity and credit markets.

LOCATION

The Associate Director of Portfolio Management, Quantitative Investment Group will be based in Wellington’s Global Headquarters in Boston, MA.

Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: USD 100,000 – 225,000.

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back‑up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time).

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.