Co-op, Equity Research (US Equity)

Socket.dev; Toronto; On-site; CAD 50,000 - 59,000; Part time

Job summary

Onex is seeking a Toronto-based Equity Research Co-op to work with senior investment professionals in our Canada Asset Management/Onex Credit teams. You’ll conduct fundamental equity analysis, communicate ideas to portfolio managers, and participate in due diligence, earnings calls, and market monitoring.

You will build valuation models, synthesize research, and engage with executives and analysts to refine investment ideas.

Qualifications

• Passion for public markets investing demonstrated through extra-curricular involvement, past job experiences, and/or personal investing.
• Familiarity with Bloomberg is an asset
• Equity research, investment banking, consulting, private equity, or other related experience is an asset
• Excellent analytical capability, quantitative skills, and financial fluency
• Financial modelling experience or strong understanding of accounting concepts
• Ability to communicate effectively with investment professionals and build relationships across teams
• Great attention to detail
• Strong academic standing
• Independent thinker and intellectually curious

Responsibilities

• Conduct differentiated fundamental analysis on public equities by assessing the viability of its business models, industry positioning, financial metrics, and portfolio strategy
• Synthesize, communicate, and present investment ideas to Portfolio Managers and Analysts
• Attend meetings with executive management teams and sell-side analysts as part of the due diligence process when evaluating investment ideas
• Listen to earnings calls and monitor news relating to your coverage universe/companies
• Build relative (comps and precedents) and intrinsic value models
• Effectively use available research tools to support the investment process

Skills

Equity research

Financial modelling

Analytical ability

Communication skills

Quantitative skills

Attention to detail

Independent thinker

Tools

Bloomberg

Job description

ABOUT ONEX:

Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex became a public company in 1987 and is listed on the Toronto Stock Exchange under the symbol ONEX. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms: Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, liquid credit and public equity strategies.

Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high net worth individuals. Onex has $55.9 billion in assets under management, of which $8.4 billion is Onex’ own investing capital. We generate value for our shareholders through two segments: Investing and Asset Management.

To explore more opportunities at Onex, visit: https://job-boards.greenhouse.io/onexgeneral.

The Opportunity:

We are looking for students to join and Onex Canada Asset Management/Onex Credit as an Equity Research Co-op in our Toronto office. Successful applicants will have the opportunity to work with senior investment professionals, take on increasing amounts of responsibilities and actively engaged in the investment decision process.

What You Will Do:

• Conduct differentiated fundamental analysis on public equities by assessing the viability of its business models, industry positioning, financial metrics, and portfolio strategy


• Synthesize, communicate, and present investment ideas to Portfolio Managers and Analysts


• Attend meetings with executive management teams and sell-side analysts as part of the due diligence process when evaluating investment ideas


• Listen to earnings calls and monitor news relating to your coverage universe/companies


• Build relative (comps and precedents) and intrinsic value models


• Effectively use available research tools to support the investment process

What You Bring:

• Passion for public markets investing demonstrated through extra-curricular involvement, past job experiences, and/or personal investing


• Familiarity with Bloomberg is an asset


• Equity research, investment banking, consulting, private equity, or other related experience is an asset


• Excellent analytical capability, quantitative skills, and financial fluency


• Financial modelling experience or strong understanding of accounting concepts


• Ability to communicate effectively with investment professionals and build relationships across teams


• Great attention to detail


• Strong academic standing


• Independent thinker and intellectually curious

Additional Information:

The expected wage for this position is C$1,200/week.

All-in compensation may vary based on several factors, such as relative experience, education level attained, certification(s), geographical location, etc. to account for local market conditions.

This position is for a current vacancy.

Our Team & Commitment:

Onex is led by the firm’s CEO, Bobby Le Blanc, as well as experienced leaders at each of our businesses. We have approximately 120 investment professionals across all platforms, supported by approximately 165 professionals dedicated to our corporate functions and investment platforms. Consistent with our One Onex approach, the teams share and leverage sector expertise, and sourcing and origination of opportunities across all business lines. Our culture is guided by our strong commitment to accountability, intellectual honesty and respect for all our partners and stakeholders. Onex was formed on principles of entrepreneurialism and responsible investing and our team is united in recognizing the value of collaboration, diversity of perspective and background, and an inclusive environment. Our team is a critical factor in our success, and attracting and retaining the best people and strongest investors are an important competitive advantage. Also crucial to our long-term success is the alignment of interests between the Onex management team, the Onex Board of Directors, shareholders and our limited partners. Members of our management team and Board of Directors have a significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both our limited partners and shareholders.

Diversity Equity & Inclusion:

Onex recognizes that a diverse team and inclusive environment is a competitive advantage and contributes to our innovation and success as an investor and asset manager. We believe the competitive advantage offered by a multitude of perspectives enhances problem-solving and decision making and ultimately, better performance for Onex and its shareholders, investors, clients, and stakeholders, as well as the communities we serve. Onex’s commitment to diversity and inclusion includes increasing our focus on attracting and retaining employees from diverse backgrounds, creating additional awareness of diversity issues and benefits, fostering and inspiring a more supportive environment where inclusivity is expected and prioritized, and embedding accountability for diversity throughout the firm.

Onex’s Employee Resource Group (ERG) Leadership Forum is chaired by our CHRO, with participation by our CEO and ERG Team Leaders. The Forum provides a structured opportunity for ERG coordination, employee feedback, and direct dialogue with senior leadership, helping ensure that the experiences and insights of Onex’s ERG communities continue to inform broader diversity and inclusion strategy and decision-making.

Our firm is an equal opportunity employer. We are committed to providing equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or any other characteristic protected by applicable law. If you require accommodations at any stage of the recruitment process, please contact [e-mail].

Applicants must be legally entitled to work in the country where the role is based, or eligible for any necessary work authorization or permit.