Full-Time

Senior Quantitative Developer

Systematic Strategies

Morningstar

Morningstar

10,001+ employees

Independent investment research and data provider

No salary listed

Mumbai, Maharashtra, India + 1 more

More locations: New Delhi, Delhi, India

Hybrid

Hybrid work requires four days in-office each week.

Bachelor's, Master's

Category
Quantitative Finance (1)
Software Engineering (1)
Required Skills
Power BI
Bloomberg
Agile
Python
Airflow
Data Visualization
Quantitative Research
Git
Apache Spark
SQL
Machine Learning
Apache Kafka
Kinesis
Data Engineering
Docker
Tableau
CloudFormation
AWS
Terraform
Data Governance
DevOps
Data Analysis

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Requirements
  • A Bachelor's or Master's degree in a quantitative, financial discipline, or engineering is required.
  • At least 5 years of experience in a Quantitative Engineer, Data Engineer, or Platform Engineer role in an investment data handling team is required.
  • Expertise in Python, with strong knowledge of PySpark and distributed data processing, is required.
  • Hands-on experience with AWS services including EMR, S3, Glue, Lambda, ECS, and CloudWatch is required.
  • Familiarity with market data feeds and financial datasets such as FactSet, Bloomberg, and Compustat is required.
  • A strong understanding of data architecture, storage formats such as Parquet and Delta, and Spark performance tuning is required.
  • Proficiency in developing interactive dashboards using Tableau, Power BI, or QuickSight to monitor portfolio performance is required.
  • Experience with orchestration tools such as Step Functions or Airflow and containerization using Docker is required.
  • The candidate must be comfortable working in Agile teams with Git, continuous integration and continuous delivery, and infrastructure as code using Terraform or CloudFormation.
  • Knowledge of SQL and distributed query engines such as Athena is required.
  • Exposure to Axioma or equivalent portfolio risk and optimization platforms, such as MSCI Barra, Bloomberg PORT, or PyPortfolioOpt, is required to support risk modeling, portfolio construction, and performance attribution workflows.
  • Knowledge of Agile methodology, machine learning, and optimization is a plus.
Responsibilities
  • Design and maintain scalable data pipelines for financial and alternative datasets using PySpark and AWS.
  • Architect and manage cloud infrastructure using AWS EMR, S3, Glue, Lambda, and ECS to support quantitative research and production.
  • Collaborate with quantitative researchers and portfolio managers to operationalize data workflows and support model deployment.
  • Develop and support interactive dashboards and internal tools to visualize pipeline health, system performance, and data quality metrics for quantitative teams.
  • Build and maintain tools and platforms for backtesting, simulation, and analytics.
  • Optimize systems for performance, reliability, and cost-efficiency across compute and storage resources.
  • Implement data governance, quality, and lineage processes for high-integrity research environments.
  • Automate operational workflows and ensure continuous integration and continuous delivery for quantitative systems.
Desired Qualifications
  • A strong understanding of financial reports, including returns, factor attribution, and risk metrics, is desirable.
  • Exposure to financial markets or quantitative research environments is desirable.
  • Familiarity with cost optimization strategies in cloud environments is desirable.
  • Experience with real-time data ingestion frameworks such as Kafka or Kinesis is desirable.

Morningstar provides independent investment research and data to individual investors, financial advisors, and asset managers. It offers subscription-based access to a broad database of investment information, analytics, and tools through platforms like Morningstar Advisor Workstation, Morningstar Office Cloud, and Morningstar Cloud, plus managed portfolios and retirement services. The company differentiates itself with a wide breadth of data across retail and professional channels, strong ESG offerings through Sustainalytics, and an ecosystem that combines research, portfolio management, and retirement services. Its goal is to help users make informed investment decisions by delivering reliable data, analytics, and ESG insights while growing its subscription business.

Company Size

10,001+

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1984

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $663.2 million, up 9.6%, with 24.2% operating margin.
  • CEO Kunal Kapoor is pushing agentic workflows and AI-first distribution across PitchBook and research.
  • Buybacks accelerated to $400 million year-to-date, shrinking float 5.6% since December 2025.

What critics are saying

  • AI-native rivals from Microsoft, Rogo, and Harvey compress Morningstar's workflow moat in 2026.
  • Sustainalytics product sunsets already cut organic growth; more legacy exits can slow revenue.
  • Heavy buybacks alongside roughly $1.7 billion debt reduce flexibility if growth stalls in 2027.

What makes Morningstar unique

  • PitchBook and Morningstar Direct embed trusted data inside Microsoft 365 Copilot, June 2026.
  • Morningstar Credit launched Corporate Credit Analytics for standardized private credit underwriting in 2026.
  • Morningstar Wealth partnered with Apollo, Franklin Templeton, and JPMorgan on model portfolios.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Sabbatical Leave

401(k) Retirement Plan

401(k) Company Match

Paid Sick Leave

Parental Leave

Adoption Assistance

Hybrid Work Options

Stock Options

Professional Development Budget

Tuition Reimbursement

Mentorship Program

Employee Referral Bonus

Company Social Events

Company News

Yahoo Finance
Aug 17th, 2026
Morningstar shares drop 9.79% on GenAI disruption fears despite 8% revenue growth and $300M buyback

Morningstar shares fell 9.79% in Q2 2026 despite solid financial performance, as investors worried about generative AI disrupting its data and research businesses. The company reported 8% organic revenue growth and 18% adjusted EBIT growth over 12 months. Baron Partners Fund, which holds Morningstar, noted the company maintains high-quality, hard-to-replicate data businesses. Management accelerated share buybacks, repurchasing $300 million in the most recent quarter and $1.1 billion since 2024. The stock traded at $207.41 on 14 August 2026, with a market capitalisation of $7.78 billion. Shares fell 19.78% over the past 52 weeks but gained 20.76% in the preceding month. Baron Partners Fund believes Morningstar's trusted, structured data remains valuable for AI applications, with the stock trading at a 63% discount to its three-year average multiple.

Associated Press
Jul 29th, 2026
Morningstar reports 9.6% revenue growth to $663M, Q2 operating income surges 28%

Morningstar reported second-quarter 2026 revenue of $663.2 million, up 9.6% year-over-year, with organic revenue growing 6.8%. Operating income increased 28.4% to $160.6 million, whilst adjusted operating income rose 22.7%. Diluted earnings per share climbed 35.4% to $2.83, with adjusted diluted earnings per share up 29.2% to $3.10. Free cash flow surged 96.3% to $122.5 million. CEO Kunal Kapoor highlighted the company's focus on building agentic workflows atop its data and research, plus helping investors navigate converging public and private markets. Morningstar Credit, Morningstar Direct Platform, and PitchBook were key organic revenue contributors. The investment insights provider repurchased 567,844 shares for $100 million during the quarter.

Yahoo Finance
Jul 12th, 2026
Morningstar debuts AI exit timing tool as shares trade 26% above estimated fair value

Morningstar introduced Time to Exit, a machine learning tool from its PitchBook segment that estimates when venture-backed companies may exit over one, three, or five-year periods. The product launch comes as Morningstar's share price has declined. The stock fell 11.22% over 30 days to US$165.18, with one-year total shareholder returns down 43.21%. Morningstar currently trades at a price-to-earnings ratio of 15.6x. This sits below the US Capital Markets peer average of 21.2x and the broader US market at 19.1x. However, it represents a slight premium to an estimated fair P/E of 15.2x. Analyst price targets for the stock stand near US$227, suggesting potential upside from current levels.

Business Wire
Jun 25th, 2026
Morningstar embeds investment intelligence into Microsoft 365 Copilot with AI integrations

Morningstar has launched a suite of integrations with Microsoft technologies to embed its investment intelligence into AI-powered workflows used by financial services firms. The integrations span Microsoft 365 Copilot, Copilot Studio and Microsoft 365 ecosystems, allowing investment professionals to access Morningstar's analyst-driven insights and data within their existing tools. The offering includes a federated Copilot connector using Model Context Protocol, a dedicated Copilot agent for analyst-backed information, and a plugin for Copilot Cowork supporting fund screening and analysis. The integrations are designed to work within firms' existing security controls whilst maintaining compliance requirements. Morningstar's investment intelligence covers global asset classes and aims to reduce the gap between data and decision-making for asset managers, wealth managers and advisors. The company manages approximately $370 billion in assets under management.

Yahoo Finance
Jun 19th, 2026
Morningstar partners with Apollo, Franklin Templeton and JPMorgan on model portfolios

Morningstar Wealth has partnered with Apollo, Franklin Templeton and JPMorgan to launch research-driven model portfolios combining public and private market exposure for financial advisers. The portfolios will include access to private markets through interval funds, using Morningstar's independent research with open-architecture allocations from multiple asset managers. The collaboration comes as Morningstar's shares face pressure, closing at $153.68, down 27% year-to-date and 48.8% over the past year. The stock trades 37.5% below the consensus analyst target of $246. The development could broaden how advisers build client portfolios, particularly where demand for alternative assets is growing. Adoption rates and flows into the interval funds will be key indicators of the initiative's success.