Director, Manager Selection
About The Position
Morningstar Wealth seeks a director to join its Manager Selection team. Reporting to the Head of Manager Selection and working closely with colleagues in Manager Research, the director will lead aspects of the fund research process for Manager Selection Services (MSS), including monitoring funds and contributing new ideas. The role also manages key client relationships. The position focuses primarily on assessing funds for Fiduciary Services, which evaluates, selects, and monitors funds for retirement plan lineups. The director will help develop and promote best practices in retirement plan lineup design and management, working closely with Morningstar’s Retirement team. The role also contributes to assessing, selecting, and overseeing fund managers and funds for non-retirement portfolios and select lists. The position is based in the Chicago office.
Requirements
- At least 7 years of experience evaluating investment strategies from quantitative and qualitative perspectives, interviewing fund managers, and assessing funds’ long-term prospects.
- Experience working with institutional clients such as retirement plan record keepers, wealth management firms, and broker-dealers.
- Strong writing abilities, excellent quantitative skills, and meticulous attention to detail.
- Bachelor’s degree.
Responsibilities
- Comprehensively assess and oversee investment offerings, primarily mutual funds, including their strategy, management, and firm.
- Cover an asset class or subsets of asset classes.
- Work with Retirement colleagues to provide excellent service to institutional clients and help meet reporting deadlines.
- Collaborate with the MSS team and Manager Research analysts to set expectations for fund performance, identify areas of concern, and assess funds’ roles in portfolios.
- Contribute to quarterly or semi-annual memos and evaluations.
- Engage in creating and maintaining defined contribution engagements with plan providers and plan sponsors.
- Develop presentations periodically and present them to clients.
- Collaborate with the team to assess and continually refine the selection process.
- Manage key client relationships.
Benefits
- 100% 401(k) match up to 6% of salary.
- Stock ownership potential.
- Company-provided life insurance equal to 1x salary plus commission.
- Comprehensive medical, dental, and vision benefits, with potential premium discounts and company-provided HSA contributions of up to $500–$2,000 annually for specific plans and coverages.
- Additional medical wellness incentives of up to $300–$600 annually.
- Company-provided long- and short-term disability insurance.
- Trust-based time off.
- Six-week paid sabbatical program.
- Six-week paid family caregiving leave.
- Paid parental leave of 8–24 weeks.
- Adoption assistance.
- Leadership coaching and formal mentorship opportunities.
- Annual flex stipend of $1,000 for personal education and well-being expenses.
- Tuition reimbursement.
- Charitable matching gifts program.
- Dollars for Doers volunteer program.
- Paid volunteering days.
- 15+ Employee Resource and Affinity Groups.
- Hybrid work environment, typically four days in-office each week in most locations, with other benefits available to enhance flexibility.
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What This Job Offers
Job Type
Full-time
Career Level
Director
