Equity Research Associate 1- Business Services

Truist Financial - New York, NY

Part-time,Full-time - Entry Level

New York, NY

Credit Intermediation and Related Activities

About the position

The Equity Research Associate 1 position at Truist involves publishing proprietary equity research focused on industries aligned with the firm's Banking sectors. The role is designed for individuals who can demonstrate expertise in the sector and contribute to the firm's research capabilities. The associate will be responsible for creating and publishing equity research content that includes stock recommendations (Buy, Hold, Sell) targeted at institutional buy-side clients. This position requires conducting thorough due diligence and providing industry expertise for capital markets equity transactions, as well as initiating corporate access resources to institutional equity clients. This includes organizing non-deal roadshows, conferences, field trips, bus tours, and conference calls to facilitate communication between clients and corporate executives. In addition to these responsibilities, the associate will conduct independent industry assessments and produce company-specific research reports. The role involves close collaboration with senior analysts and supervisory analysts throughout the research production and publication processes. The associate will engage in multi-level research, including macroeconomic analysis, industry evaluations, and individual company assessments. Building financial models at both the industry and company levels is a key aspect of the job, which includes forecasting market share, revenue, earnings per share (EPS), and cash flow. The associate will also conduct financial and valuation analyses, formulate investment ideas, and draft research commentary. Depending on their experience, the associate may work closely with Capital Markets, sales, and trading teams to leverage the research product into the institutional client base. Maintaining active dialogue with representatives of covered companies and institutional buy-side clients may also be part of the role, depending on the needs of the senior analyst and the associate's experience level.

Responsibilities

• Create and publish proprietary equity research content in designated industry with stock recommendations (Buy, Hold, Sell) to institutional buy-side clients.
• Conduct due diligence and provide industry expertise for capital markets equity transactions.
• Initiate C-suite corporate access resources to institutional equity clients including non-deal roadshows, conferences, field trips, bus tours, and conference calls.
• Conduct independent industry assessments and company-specific research reports.
• Engage with corporate client relationships at the highest C-Level (CEO, President, COO, CFO, Director of Strategy, etc).
• Work closely with senior analyst and team in the research production process as well as with supervisory analysts in the publication process.
• Conduct research at several levels: macro, industry, and individual companies.
• Build models at the industry and company level, including market and market share forecasts, revenue, EPS, and cash flow forecasts at the company level.
• Conduct financial and valuation analyses.
• Formulate investment ideas and write draft research commentary.
• Maintain active dialog with representatives of covered companies and institutional buy-side clients, depending on experience.

Requirements

• BA/BS degree
• Licenses Required: the SIE and the 7 Top Off (or Series 7 for those licensed prior to October 2019), Series 63, Series 87 and either the Series 86 or a FINRA waiver for those who have completed CFA II.
• Minimum of 3 years of related work experience
• Mastery of financial and accounting concepts to facilitate the creation of in-depth financial models.
• Advanced written and oral communication skills and teaming ability.
• Strong analytical and sales skills
• Proven ability to work well in a fast-paced, team-oriented environment.

Nice-to-haves

• Working towards CFA Designation.
• 4+ years of related work experience.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401k plan
• Vacation days (minimum of 10 days)
• Sick days (minimum of 10 days)
• Paid holidays
• Defined benefit pension plan (depending on position and division)
• Restricted stock units (depending on position and division)
• Deferred compensation plan (depending on position and division)