Equity Research Associate – Softlines Retail

Bank of Montreal•New York, NY

1d•$110,000 - $140,000

About The Position

BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,700 professionals in 30+ locations around the world, including 20 offices in North America. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of October 31, 2025. We are seeking two Equity Research Associates to join our Softlines Retail team. The associates will work closely with the senior analyst to develop and market all equity research products. Both roles require strong analytical / critical thinking skills, 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. Ideally, our team will consist of two associates: a Senior Associate who has 1-2 years of equity research experience, prior industry knowledge, and the requisite research licenses (SIE, Series 7, 63, 86, 87); and an Associate who has strong technical skills and is eager to join an equity research team (licenses or prior experience for the second associate is a plus, but not required). 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 consumer industry 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 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-motivation and the ability to work independently Ability to systematically manage a heavy work load and meet stringent deadlines Flexibility to work irregular and extended hours Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg and/or FactSet Demonstrated use of AI in the workplace

Requirements

Exceptional written and verbal communication skills
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-motivation and the ability to work independently
Ability to systematically manage a heavy work load and meet stringent deadlines
Flexibility to work irregular and extended hours
Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg and/or FactSet
Demonstrated use of AI in the workplace
Bachelor’s degree is required.

Nice To Haves

Prior industry experience in the consumer industry is not required but could be a benefit.
CFA is a plus
A post-secondary degree in a related field of study is a plus.

Responsibilities

Building and maintaining detailed company models (IS/BS/CF)
Analyzing financial statements, company filings (10-K, 10-Q, earnings releases), company transcripts, and news related to industry coverage
Conducting store and channel checks
Writing equity research reports and over time, formulating investment theses
Participation in site visits and management meetings
Maintaining and analyzing industry data
Communicating investment recommendations to internal and external clients