Yes Securities - Analyst/Associate - Institutional Equity Research - Banking & Non-Lending Financials Sector

Short job description:

- This is an institutional equity research Analyst or Associate role (depending on experience) reporting into the Lead Analyst covering the Banking and Non-lending Financials sectors for Indian equity markets.

- Candidates who are already in the same role, i.e. tracking the said sectors in Institutional Equity Research desks, would be preferred.

- The job entails collating and maintaining databases, building and maintaining financial models, working on client requests, writing takeaways on company calls and pointers on stocks and carrying out other support tasks for the lead analyst.

- For an experienced and / or capable candidate, we will assign the functional title of Analyst (which is above Associate) and, 6-12 months down the line, allocate the higher responsibility of calling select institutional clients, which include mutual funds and insurance companies, while continuing to fulfil responsibilities towards the Lead Analyst.

- The unique aspect of this job opening is that it offers the most diverse experience to be had in the BFSI sector as the role includes looking at the banking, life insurance, general insurance, asset management and fintech segments.

Full job description:

- The coverage universe of the Lead Analyst includes all leading banks such as ICICI Bank, HDFC Bank, State Bank of India and Axis Bank. It also includes leading life insurance companies such as ICICI Prudential Life and SBI Life, India's leading general insurer, ICICI Lombard, leading asset managers such as Nippon AMC and HDFC AMC and leading fintech company, Paytm. To that extent, working with the Lead Analyst will bring a diverse wealth of experience for the Analyst / Associate, which will enhance the value of his resume.

- Candidates who are already in the same role, i.e. tracking the said sectors in Institutional Equity Research desks, would be preferred. Candidates who are not in an equity research role but have strong domain knowledge of the BFSI sector and have intellectual horsepower as evidenced by a strong educational background also carry relevance for this role.

The job itself entails:

(1) Collating and maintaining databases - Timely and accurate collection of data from primary sources such as company documents, regulator websites such as that of the RBI, IRDAI and AMFI, database softwares such as Bloomberg and Capitaline.

(2) Building and maintaining financial models - Preparing financial models on companies from scratch, which would contain historical and forecasted balance sheet, P&L and cash flow statement with all relevant assumptions, historical and forecasted quarterly data and residual income or DCF valuation sheets.

(3) Working on client requests - Client requests could vary from data collection tasks to preparing write-ups on companies to other requirements.

(4) Writing takeaways on company calls and pointers on stocks - Writing skills will be hugely valued and would require a simultaneous knowledge of the subject along with an ability to express oneself in a professional way in the written word. Writing takeaways on company result calls in a timely manner will be a highly appreciated skill.

(5) Client calling - For an experienced and / or capable candidate, we will assign the functional title of Analyst (which is above Associate) and, 6-12 months down the line, allocate the higher responsibility of calling select institutional clients, which include mutual funds and insurance companies, while continuing to fulfil responsibilities towards the Lead Analyst.

Minimum Educational Requirement: The candidate will have to possess the minimum educational qualification as required by SEBI. In other words, he would have to possess a professional qualification or post-graduate degree or post graduate diploma in finance, accountancy, business management, commerce, economics, capital market, financial services or markets provided by an entity recognised SEBI in this specific regard. Hence, an MBA or PGDM in Finance would be an acceptable post-graduate qualification. Furthermore, in our understanding, a CA would be an acceptable professional qualification but CFA (US) would not.

Alternatively, in the absence of such educational qualification, a graduate in any discipline with an experience of at least five years in activities relating to financial products or markets or securities or fund or asset or portfolio management would also be acceptable, as clarified by SEBI.