Equity Research Analyst - Banking Sector - CA/CFA/IIM/MDI/ISB/FMS

Position Title :-Research Analyst - Banking Sector

Department:- Equity Research- Professional Investor Research

Business --Global Wealth Management

Work Location --Mumbai

Position reporting to --Head of Fundamental Research -- No. of Direct Reports

Team of Research Associates

Job Purpose :

- Conducting in-depth research on the Banking Sector by interacting with industry experts, company management and government officials to garner a greater understanding of the sector.

- The broader purpose is to generate money-making research ideas/products for fund manager clients

- Converting the understanding of the sector into quantitative elements through financial models and valuations

- Facilitate engagement for the sales team with clients.

- Provide relevant research material/coverage for the sector to the sales/sales trading team to facilitate client interaction

- Interacting with clients such as Professional Investors, Prop Funds and Money Managers to bring in greater mileage and hence drive business through brokerage for the organization

- Providing coverage for 15 to 20 key stocks in the Banking Sector

Targets include :

- 1 idea-generating report per month

- 20-30 client calls/meetings per month.

- 4-5 corporate access event per quarter

Key Responsibilities :

Functional Responsibilities :

- Build a corporate image as a trusted equities house/partner for the companies under coverage and key individuals in client organizations

- Writing periodic research reports that help give clients a perspective on the coverage sector

- Meeting corporate and industry experts to enhance the relationship and build expertise

- Communicating effectively, both in written and oral form - forecasts and views on the sector

- Interacting with external and internal clients and facilitating their decision making

- Come out with timely actionable ideas to generate revenues for the firm

- Facilitating interaction of corporate / industry experts with clients

- Ensuring that financial models are precise and robust to capture the various nuances and complexities of the sector dynamics

- Providing actionable ideas on stocks under coverage, given a certain change in the business environment

- Providing actionable ideas on stocks under coverage, given a certain change in the business environment

Job Requirements :

Qualifications :

- CA / CFA / MBA from a Reputed Institute

Experience :

- Typically 2 - 5 years

Functional Competencies :

- Aptitude for research, especially understanding of business models and converting the same into effective/dynamic financial models

- Holistic perspective with an eye for detail

- Ability to understand as well as communicate complex business developments in a simple and lucid manner

- Understanding of the financial markets and interplay of all the factors impacting Indian equity markets

- Modelling/ Valuation skills

- Good understanding of accounting and taxation laws

- Relationship Management is integral to the role

- Decision-Making skills

Behavioural Skills :

- Excellent interpersonal skills

- Excellent communication and report writing skills

- Ability to communicate and interact with very senior level industry/government officials

- Ability to work under stressful and tight timeline situations

- Ability to work under stressful and tight timeline situations

Key Interactions :

Internal :

Sales Team :

- To communicate and provide key points of actionable stock ideas or the developments that impact the sector/stock

- Educate them on new research products and leveraging their relationship to reach out to clients

Research Team :

- Discuss the rationale for the recommendations

Other LOB / SBU :

- Conduct SWOT on the target mandate which includes revenue model and business model analysis

Editorial / DTP Teams :

- Coordination for quick and efficient release of research reports

Compliance / Risk :

- From a regulatory perspective

External Clients :

- Regular interaction with clients to help them make informed decisions - Communicate investment ideas, generate Alpha

- Most clients do not read published research. Hence communicating with clients is highly essential.

Media :

- Provide a perspective on a stock/sector

Fund Managers :

- To get a better understanding of the sector/stock

- Providing relevant corporate access and update corporate on investor requirements

Corporates :

- Regulators, industry associations to gather sector knowledge