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

BMO • New York, NY

17d • $150,000 - $250,000

About The Position

BMO Capital Markets is seeking a Senior Equity Research Associate or VP to join its U.S. Financials team, covering brokers, asset managers, and trust banks. The role works closely with the senior analyst and two other team members to develop and market equity research products. It combines collaboration and shared knowledge with independence, initiative, idea generation, and ownership of work. The ideal candidate has three to five or more years of U.S. Financials equity research experience, strong financial, accounting, and communication skills, and an interest in developing and supporting new research.

The position involves building and maintaining detailed financial models, analyzing financial statements, company filings, news, and industry data, and writing research reports. Over time, the associate may formulate investment theses and communicate recommendations to internal and external clients. The role also involves site visits, management meetings, developing tools and processes to distribute relevant news, and building industry, regulatory, and political relationships that can inform analysis. Work can take place in a fast-paced, high-pressure environment with stringent deadlines and irregular or extended hours.

The salary range is $150,000–$180,000 USD for Senior Research Associate and $200,000–$250,000 USD for VP, Equity Research, subject to candidate qualifications. The role is salaried. Compensation may vary based on location, skills, experience, education, and qualifications, and may include commission or performance-based incentives and discretionary bonuses. BMO also mentions health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Requirements

• Fully licensed.
• At least three to five years of equity research experience in the U.S. Financials space.
• Strong financial background, accounting skills, and finance skills.
• Relevant work and educational experience demonstrating writing skills and technical knowledge in equity research, finance, or accounting.
• Bachelor’s degree required.
• Exceptional written and verbal communication skills.
• Strong organizational skills and comfort managing shifting priorities.
• Client-service mindset and ability to prioritize client needs accurately.
• Ability to interact professionally with company management teams and clients, including analysts and portfolio managers.
• Keen interest in and demonstrated understanding of equity research.
• Positive attitude, intellectual curiosity, ability to learn quickly, and strong attention to detail.
• Strong work ethic, self-motivation, and ability to work collaboratively and independently.
• Ability to manage a heavy workload and meet stringent deadlines in a time-constrained, high-pressure environment.
• Flexibility to work irregular and extended hours.
• Solid technology skills and robust knowledge of Excel, Word, PowerPoint, and Bloomberg and/or FactSet.
• Demonstrated use of AI in the workplace.
• Clear and proven track record of achievement throughout education and career.

Nice To Haves

• Prior industry experience in brokerage, asset management, or exchanges.
• Post-secondary degree in a related field of study.
• Familiarity with Dealogic, Preqin, and Morningstar.
• CFA Charter or working toward the CFA designation.

Responsibilities

• Build and maintain detailed company income statement, balance sheet, and cash flow models.
• Analyze financial statements and news related to the coverage industry.
• Analyze company filings, including 10-Ks, 10-Qs, earnings releases, and company transcripts.
• Write equity research reports and, over time, formulate investment theses.
• Participate in site visits and management meetings.
• Maintain, source, and analyze industry data.
• Communicate investment recommendations to internal and external clients.
• Collaborate on tools and processes to gather industry and company news for client distribution as one-off products or as part of the group's regular research.
• Establish industry, regulatory, and political relationships to help predict or assess industry trends and company-related events.
• Develop and market equity research products with the senior analyst and team.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included, along with other perks and rewards.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior