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 RoleTHE POSITION
Wellington Management is seeking a multi-asset empirical risk modeling specialist to join the Risk and analytics Research team within Wellington Investment Risk. The team develops quantitative models on risk modeling and investment analytics, partners closely with investors and risk professionals to integrate them into investment decision-making, and works with technology teams to deliver robust, scalable enterprise capabilities.
The Quantitative Strategist will lead modeling efforts for Wellington’s proprietary multi-asset risk model covering equity, fixed income, fx, commodity and derivative instruments, conduct empirical research on asset return dynamics, risk premia, factor exposures, and cross-asset risk relationships, and serve as a subject matter expert on risk modeling and measurement for Investment Risk, investors and the product management team. The Strategist will partner directly with risk professionals and investors to ensure quantitative models are appropriately applied in portfolio construction and risk management. This is a high impact, high leverage role within a strong team with a broad and critical set of responsibilities. Areas of focus may include sector specific security return dynamics, measurement of idiosyncratic risk, risk model improvements like shrinkage algorithm, risk premia on implied volatility adjustments etc.
Success in this role requires the ability to conduct rigorous quantitative research, strong knowledge of statistical modeling on empirical financial market data, the ability to partner with technology teams to build production infrastructure process for risk model building, implementation, invocation, and an appetite for collaborating with risk managers and investors to integrate quantitative models into their investment process.
The candidate should be able to work independently and within a team environment. Good communication skills are critical as the successful candidate will individually manage projects and will also interact closely with risk and investment teams, product management and business professionals.
QUALIFICATIONS
The ideal candidate will combine a strong quantitative background with an understanding of finance and economics. Additional key qualifications include:
• Advanced degree in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)
• Strong understanding of factor-based risk model framework
• 5-15 years’ experience with empirical risk modeling on fixed income, equity, fx and derivatives
• Strong technical background in model development, statistical analysis, and prototyping. Experience with Python, Java, SQL, and/or C++.
• Experience with MSCI/Barra Equity models is a plus
• Experience with Fixed income valuation models is a plus
LOCATION
The Quantitative Strategist will ideally be based in Wellington’s Global Headquarters in Boston, MA. Alternative location may be considered for exceptional candidates.
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 [email protected].
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 120,000 - 225,000This 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.
Skills Required
- Advanced degree in finance, econometrics, mathematics, statistics, physics, electrical engineering, operations research, or another quantitative field
- Strong understanding of factor-based risk model frameworks
- 5-15 years of experience with empirical risk modeling across fixed income, equity, foreign exchange, and derivatives
- Strong technical background in model development, statistical analysis, and prototyping
- Experience with Python, Java, SQL, and/or C++
- Experience with MSCI/Barra equity models
- Experience with fixed income valuation models
Wellington Management Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Wellington Management and has not been reviewed or approved by Wellington Management.
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Retirement Support — Employer-funded retirement contributions and profit-sharing are frequently highlighted as standout elements of the package. The retirement program is often described as unusually strong and a major pillar of total rewards.
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Healthcare Strength — Medical, dental, vision, and related coverage are characterized as comprehensive and well-regarded. Core health benefits are seen as a meaningful contributor to overall satisfaction.
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Parental & Family Support — Parental leave and family supports are described as generous compared to common U.S. norms. Exact durations can vary by location or role, but family-related time off is consistently called out as a strength.
Wellington Management Insights
What We Do
For almost 100 years, we have chosen to do things differently, including the way we structure our ownership model, organization, and investment platform. Critically, we know that the best investment ideas are found when a diverse workforce is encouraged to bring forward unique perspectives. Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,400 clients in more than 60 countries. We manage more than US$1 trillion for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. We offer comprehensive investment management capabilities that span nearly all segments of the global capital markets, including global equity, fixed income, currency, commodity, alternatives, and private markets. Leveraging more than 900 investment professionals located in offices around the world, we combine independent insights across asset classes, skill sets, and investment disciplines to uncover ideas for our clients, because we believe collaboration is a rare, repeatable competitive edge. This independent structure and collegial culture are two of the main reasons investment professionals join Wellington Management — and stay for their entire careers. For current open opportunities, please visit www.wellington.com/joinus We are an equal opportunity employer and are committed to having a diverse workforce. Please visit http://www.wellington.com to learn more about our firm. Important disclosure: https://www.wellington.com/en/important-disclosure Wellington will not send unsolicited communications and investment opportunities initiated through social media platforms. Wellington does not perform business transactions, payment requests, or direct interactions through social media platforms. Please visit https://www.wellington.com/en/legal/privacy-notice for more information.
