Td Securities USA - New York, NY

posted 3 months ago

Full-time - Entry Level
New York, NY
10,001+ employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

TD Cowen, a division of TD Securities, is seeking an Equity Research Associate to join its Healthcare, Biotechnology team in New York. This role involves following the progress of public biotechnology companies and making stock recommendations to institutional investor clients. The responsibilities include financial modeling, conducting interviews with physician experts and company management, conducting surveys, literature reviews, hosting industry conferences, writing reports, and making oral presentations. The successful candidate will support a Senior Research Analyst in analyzing individual biotech companies and market trends, composing company-specific and thematic research reports, building and maintaining financial and market models, interviewing physicians and company executives, conducting deep scientific and clinical due diligence, and interacting with Cowen's institutional sales force, traders, investment bankers, and investor clients. This position is particularly appealing for individuals with life science backgrounds, as it allows for the application of healthcare expertise to the art of investing. The role requires gaining in-depth knowledge of therapeutic areas pursued by covered companies, drug mechanisms, safety and efficacy profiles, clinical trial design strategies, and analyzing intellectual property, financial status, and market opportunities. The position is a unique combination of science, medicine, and finance, making it ideal for candidates passionate about these areas. The successful candidate will be expected to demonstrate exceptional analytical skills, a strong work ethic, attention to detail, and a desire to learn about the bio-pharmaceutical industry. Good verbal and written communication skills, the ability to work well in teams, and self-motivation are also essential for this role.

Responsibilities

  • Follow the progress of public biotechnology companies and make stock recommendations to institutional investor clients.
  • Conduct financial modeling and interviews with physician experts and company management.
  • Conduct surveys, literature reviews, and host industry conferences.
  • Write reports and make oral presentations on research findings.
  • Support a Senior Research Analyst in analyzing individual biotech companies and market trends.
  • Compose company-specific and thematic research reports.
  • Build and maintain financial and market models.
  • Conduct deep scientific and clinical due diligence.
  • Interact with Cowen's institutional sales force, traders, investment bankers, and investor clients.
  • Compile, analyze, and evaluate data related to assigned companies/industries and financial markets.
  • Assist in the development of valuation tools and provide advice to institutional clients.
  • Prepare forecasting models and maintain financial models and databases.
  • Stay current on market data, economic information, and key industry developments.
  • Develop and maintain contact with market participants.
  • Assist with the ongoing publication of research reports and ad hoc projects as assigned.

Requirements

  • Undergraduate degree in a relevant field.
  • 2+ years of related experience in equity research or finance.
  • Exceptional academic pedigree, including a higher degree in a life science-related field (PhD and/or M.D.).
  • MBA or CFA designation is a plus.
  • Outstanding analytical skills with the ability to conduct deep primary research and draw conclusions from information.
  • Strong work ethic, attention to detail, and a desire to learn about the bio-pharmaceutical industry.
  • Good verbal and written communication skills.
  • Proven ability to work well on teams and self-motivated.

Nice-to-haves

  • Experience in the bio-pharmaceutical industry.
  • Knowledge of financial modeling and valuation techniques.
  • Familiarity with equity research processes and methodologies.

Benefits

  • Base salary and variable compensation/incentive awards.
  • Health and well-being benefits.
  • Savings and retirement programs.
  • Paid time off including Vacation PTO, Flex PTO, and Holiday PTO.
  • Banking benefits and discounts.
  • Career development opportunities.
  • Reward and recognition programs.
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