About UsWellington 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.

OverviewTHE POSITION: Wellington is seeking a Portfolio Construction and Risk Strategist to work with the Portfolio Architecture team within Global Risk and Performance Strategy. The Strategist will collaborate with GRPS colleagues, portfolio managers, and IT professionals to develop quantitative methodologies for portfolio construction, addressing real-time requests and building scalable portfolio optimization capabilities. The Portfolio Architecture team helps investment teams adopt quantitative approaches to portfolio construction and achieve superior risk-adjusted return through rigorous, empirically grounded methods. They deliver portfolio construction solutions by managing strategies and by offering investors quantitative portfolio optimization solutions both through self-service software and consultative support. This role will contribute to both channels. The role aims to provide best-in-class capabilities for portfolio construction. The Strategist is expected to become an expert in quantitative techniques, read research literature on asset pricing and investing, independently implement new methodologies, and conduct practical research to enhance portfolio construction for Wellington clients. While not a software developer role, a significant fraction of the Strategist''s work will manifest in developing algorithms and infrastructure for portfolio optimization. The ideal candidate will have strong analytical and organizational skills, thrive in a team environment, quickly learn new analytical applications and investment products, and develop specialized knowledge in quantitative portfolio construction.

Responsibilities

Developing methodologies and workflows for tax efficient trading of active equity ETFs;

Extending algorithms and GUI functionality for portfolio optimization within GRPS''s Python optimization libraries;

Participating in the team''s daily portfolio management and rebalancing workflows;

Developing methodologies for helping portfolio managers align views on expected return with quantitative techniques for position sizing;

Developing effective scalable approaches to implementing consistent active positions across multiple accounts with differing client guidelines and benchmarks; and

Implementing portfolio optimization algorithms that encompass flexible approaches to modeling risk and return objectives, practical market frictions (e.g., transactions costs, liquidity limits) and associated workflows within Wellington''s portfolio management software and trading operations.

Qualifications

Advanced degree (Masters or PhD level) in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)

5+ years of experience working in asset management or closely related industry

Understanding of asset pricing and basic portfolio construction paradigms

Understanding of convex optimization and heuristics for non-convex optimization

Strong technical background for prototyping and implementing, in code, optimizations and calculations relevant to programming skills (Python, R, SQL)

Ability to think abstractly about complex mathematical problems, algorithms, and systems design

Ability to conduct independent research in a collaborative team environment

Capable of taking responsibility for independent projects with limited supervision

Grace under pressure, ability to adapt

Humility, natural curiosity

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.

Equal Opportunity Employer (EEO)As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, 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 GMWTalentOperations@wellington.com.

Compensation and BenefitsAt 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 80,000 - 180,000. 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. We offer a comprehensive benefits package including retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off.

Work EnvironmentWe believe that in person interactions inspire and energize our community and are essential to our culture. Our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. This approach supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.

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