Equity Research Associate – U.S. Financials – Brokers, Asset Managers & Trust Banks

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BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

We are seeking a Senior Equity Research Associate or VP to join our U.S. Financials team. The associate will be an integral member of the team, will work closely with the senior analyst and two other team members to develop and market all equity research products. The role requires strong analytical / critical thinking skills, solid communication skills (with a drive for client interaction) a passion for the stock market, keen attention to detail, and a strong work ethic.

The work environment involves collaboration, co-ordination and a shared knowledge base with the analyst and rest of the team but equally values independence, initiative, idea generation and a sense of ownership for the work.

Ideal Candidate:

Our ideal candidate is fully licensed and has a minimum of three to five plus years of equity research experience in the U.S. Financials space with a strong financial background and a desire to help create, launch and support new research. Strong accounting and finance skills, strong communication skills (both verbal for client interactions as well as written) a passion for the stock market and the ability to work on a fast-paced equity research team are critical.

Responsibilities include, but are not limited to:

• Building and maintaining detailed company models (IS/BS/CF)
• Analyzing financial statements and news related to industry coverage
• Analyze company filings (10-K, 10-Q, earnings releases) and company transcripts
• Writing equity research reports and over time, formulating investment theses
• Participation in site visits and management meetings
• Maintaining, sourcing and analyzing industry data
• Communicating investment recommendations to internal and external clients
• Collaborate in developing tools and processes to gather industry and company-related news that can then be disseminated to clients as one-off products or incorporated in the group’s normal research product
• Work to establish industry, regulatory and political relationships to help better predict and/or handicap industry trends or company-related events

Experience/Skills

A combination of writing skills, technical knowledge and skills in equity research, finance or accounting demonstrated through relevant work and educational experience is required. Prior industry experience in the brokerage, asset management and exchange sectors is not required but could be a benefit. Candidates must have a clear and proven track record of achievement throughout their education and career. Other necessary attributes include:

• Exceptional written and verbal communication skills
• Strong organizational skills and comfort managing various/shifting priorities
• Client service mindset and ability to prioritize client needs with accuracy
• The ability to interact professionally with company management teams and clients (analysts and portfolio managers)
• A keen interest in and demonstrated understanding of Equity Research
• A positive attitude, intellectual curiosity, the ability to learn quickly and strong attention to detail
• Superior work ethic, self-motivated and the ability to work both collaboratively as well as independently
• Ability to manage a heavy workload and meet stringent deadlines, often in a time-constrained, high-pressure environment
• Flexibility to work irregular and extended hours
• Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg and/or FactSet. Familiarity with Dealogic, Preqin and Morningstar would also be a positive.
• Demonstrated use of AI in the workplace
• CFA Charter or working towards the CFA designation is a plus

Education

Bachelor’s degree is required. A post-secondary degree in a related field of study is a plus. U.S. only.

We thank all applicants for their interest; however, only those selected for an interview will be contacted.

Senior Research Associate Salary Range:

The salary range for this role is $150,000 up to $180,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

VP, Equity Research Salary Range:

The salary range for this role is $200,000 up to $250,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary:

Pay Type:

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.