Equity Research Associate - Large-Cap Banks

Work Location: New York, New York, United States of America. Hours: 40 per week. Line of Business: TD Securities.

About the role

Provides market research support in compiling and publishing high-quality, comprehensive analysis and research on individual corporations, industries, financial markets, and economic developments as assigned. This is an expert-level professional role requiring in-depth knowledge and expertise in a specialized domain, along with a working knowledge of broader related areas to run data analysis and develop research reports.

Integrates broader organizational and industry context into advice and solutions. Solves complex problems requiring analysis of multiple variables, which may require consultation with multiple stakeholders. Uses advanced methods to contribute to new solutions and recommend standards against which others will operate. Interprets guidelines, standards, policies, and results of analysis to inform decision-making at senior levels. Builds stakeholder alignment in leading activities, identifying, and leading problem resolution. Works independently as a subject matter expert within a specialty area and acts as an escalation point and/or knowledge resource for others.

Responsibilities

• Compiles, analyzes, and evaluates data, conducting modeling on multiple data inputs related to assigned companies, industries, financial markets, and economic analysis research reports (e.g., initiating coverage reports, thematic reports, quarterly reporting initiatives, and marketing packages).
• Assists in the development of valuation tools and provides advice to institutional clients.
• Assists in the preparation of forecasting models (e.g., forecast quarterly and annual earnings).
• Maintains and enhances financial models and databases.
• Stays current on market data, economic information, and key industry developments, as well as internal policies and regulatory standards (as communicated by Compliance) to assist in maximizing profitability through sound and well-informed decisions.
• Develops and maintains contact with market participants.
• Works closely with senior research leads on the ongoing publication of research reports and may assist with ad hoc projects as assigned.
• May interact with clients; develops and presents client presentations.
• Keeps abreast of market data, economic information, and key industry developments, as well as internal policies and regulatory standards to assist in maximizing profitability through sound and well-informed decisions; develops and maintains contacts with market participants.
• Demonstrates governance, control, and risk management behaviors in alignment with TD policies and practices.
• Adheres to enterprise frameworks or methodologies that relate to activities for the business area.
• Ensures respective programs, policies, and practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities.
• Consistently exercises discretion in managing correspondence, information, and all matters of confidentiality; escalates issues where appropriate.
• Participates in cross-functional or enterprise initiatives as a subject matter expert, helping to identify risk and provide guidance for complex situations.
• Conducts internal and external research projects; supports the development and delivery of presentations and communications to management or broader audiences.
• Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, and assess the effectiveness of programs, policies, and practices.
• Monitors service, productivity, and assesses efficiency levels within own function; implements continuous process and performance improvements where opportunities exist.
• Actively manages relationships within and across various business lines, corporate, and/or control functions, ensuring alignment with enterprise and/or regulatory requirements.
• Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite.
• Participates fully as a member of the team, supporting a positive work environment that promotes service to the business, quality, innovation, and teamwork, ensuring timely communication of issues or points of interest.
• Provides thought leadership and/or industry knowledge for own area of expertise and participates in knowledge transfer within the team and business unit.
• Keeps current on emerging trends and developments, growing knowledge of the business, related tools, and techniques.
• Participates in personal performance management and development activities, including cross-training within the team.
• Keeps others informed and up to date about the status and progress of projects and/or all relevant or useful information related to day-to-day activities.
• Contributes to team development of skills and capabilities through mentorship of others, sharing knowledge and experiences, and leveraging best practices.
• Leads, motivates, and develops relationships with internal and external business partners and stakeholders to develop productive working relationships.
• Contributes to a fair, positive, and equitable environment that supports a diverse workforce.
• Acts as a brand ambassador for the business area and function, both internally and externally.

Requirements

• Undergraduate degree.
• FINRA SIE, Series 63, 86, and 87 or willingness to obtain.
• Holds or is working towards a CFA designation (preferred for publishing analysts and associates).
• Master’s or PhD preferred.
• 2+ years of related experience.

Pay

$115,000 - $200,000 USD base pay. TD is committed to providing fair and equitable compensation opportunities. The base pay offered may vary based on the candidate's skills, experience, job-related knowledge, geographic location, and other specific business and organizational needs.

Benefits

TD offers a Total Rewards package that includes:

• Base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan).
• 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 and reward and recognition programs.

Physical Requirements

• Domestic Travel: Occasional (1-33%)
• International Travel: Never (0%)
• Performing sedentary work: Continuous (67-100%)
• Performing multiple tasks: Continuous (67-100%)
• Operating standard office equipment: Continuous (67-100%)
• Responding quickly to sounds: Occasional (1-33%)
• Sitting: Continuous (67-100%)
• Standing: Occasional (1-33%)
• Walking: Occasional (1-33%)
• Moving safely in confined spaces: Occasional (1-33%)
• Lifting/Carrying (under 25 lbs.): Occasional (1-33%)
• Lifting/Carrying (over 25 lbs.): Never (0%)
• Squatting: Occasional (1-33%)
• Bending: Occasional (1-33%)
• Kneeling: Never (0%)
• Crawling: Never (0%)
• Climbing: Never (0%)
• Reaching overhead: Never (0%)
• Reaching forward: Occasional (1-33%)
• Pushing: Never (0%)
• Pulling: Never (0%)
• Twisting: Never (0%)
• Concentrating for long periods of time: Continuous (67-100%)
• Applying common sense to deal with problems involving standardized situations: Continuous (67-100%)
• Reading, writing, and comprehending instructions: Continuous (67-100%)
• Adding, subtracting, multiplying, and dividing: Continuous (67-100%)

About TD Securities

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product, and experience remarkably human and refreshingly simple.

Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly diverse equity research franchise, while growing our strong, diversified investment bank. Together, we are reimagining what banking can be for our clients, colleagues, and communities.