Principal Quantitative Analyst – New Product Development

Morningstar

. Build and launch benchmark, thematic, factor, strategic beta, and multi-asset indexes from concept to market .

Posted 9/22/2026full-timeChicago • Illinois • United StatesLeadWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in building and launching indexes, applying quantitative techniques, and utilizing AI tools for research and analysis. Proficient in translating complex concepts into accessible narratives and methodologies for diverse stakeholders.

Highest-signal resume keywords

Quantitative ResearchPortfolio ConstructionPython ProgrammingAI Tools UtilizationRisk Analytics

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Investment AnalysisFactor ResearchBack-TestingSystematic Strategy DesignStatistical TestingMethodology DevelopmentData ExplorationSignal TestingOptimized Portfolio ConstructionRisk Modelling

Soft Skills

CommunicationCollaborationEngagement

Tools & Technologies

PythonRSQLMATLABMicrosoft CopilotGitHub CopilotClaude CodeGeminiChatGPT

Industry Keywords

IndexesAsset ManagementInvestment BankingFintechSystematic Investing

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Build and launch benchmark, thematic, factor, strategic beta, and multi-asset indexes from concept to market
Partner with research, product, technology, operations, and commercial teams
Drive the full product innovation cycle, including opportunity identification, data exploration, signal testing, back-testing, methodology development, implementation, and launch preparation
Apply quantitative techniques, machine learning, portfolio construction, risk analytics, and statistical testing to create rules-based index methodologies
Use AI, coding assistants, and agentic workflows to automate research and accelerate analysis
Create tools, prototypes, dashboards, research insights, and client-ready narratives
Make complex quantitative and AI concepts understandable and engaging

Requirements

What you’ll need

6+ years of experience in indexes, asset management, investment banking, fintech, systematic investing, quantitative research, or a related investment technology environment
Strong quant toolkit, including hands-on experience with investment analysis, factor research, portfolio construction, back-testing, risk analytics, or systematic strategy design
Comfortable writing code and working with data using Python, R, SQL, MATLAB, or similar tools
Experience using AI tools such as Microsoft Copilot, GitHub Copilot, Claude Code, Gemini, ChatGPT, or similar platforms
Exposure to AI agents, RAG, or workflow orchestration is a plus
Ability to translate complex quant, AI, and investment concepts into methodology documents, research notes, presentations, and client-facing narratives
Experience developing and using optimized portfolio construction and risk modelling tools, factor investment strategies, private equity data, and index derivatives strategies is a strong plus
Must work in the Chicago office four days a week
Must not require immigration sponsorship now or in the future

Benefits

Comp & perks

100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
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
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
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups
Hybrid work environment and flexibility resources