Research Analyst (Toronto or Montreal)

Scotiabank; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

Scotiabank is seeking a Research Analyst (Toronto or Montreal) to join the Global Equity investment team. You will support fundamental research, build forward-looking analyses, and prepare investment recommendations for portfolio managers.

The role targets junior to intermediate investment professionals with strong analytical skills and an interest in sector expertise within a collaborative, long-term environment.

Qualifications

• 2–6 years of relevant equity research or investment analysis experience.
• Finance, economics, accounting degree; MBA/CFA strongly preferred.
• Proven ability to develop original investment theses and bottom-up analysis.

Responsibilities

• Develop financial models, forecasts, and valuation frameworks for coverage.
• Develop independent investment ideas and support recommendations.
• Collaborate with portfolio managers to integrate research into processes.
• Engage with management, industry participants, and sell-side analysts for insights.
• Evaluate risks and opportunities within long-term investment philosophy.
• Contribute to data management and analytical tool improvements.
• Work with senior analysts and portfolio managers to learn and contribute.

Skills

Financial modeling

Valuation

Fundamental analysis

Quantitative analysis

Written communication

Verbal communication

Excel

Bloomberg

Capital IQ

FactSet

Education

Finance degree

MBA or CFA designation (or progress towards one)

Tools

Excel

Bloomberg

Capital IQ

FactSet

Job description

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Title: Research Analyst (Toronto or Montreal)

Requisition ID: 271923
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As a Research Analyst / Associate covering the Technology sector, you will contribute to Jarislowsky Fraser’s Global Equity investment team by supporting fundamental research, developing forward-looking insights, and preparing investment recommendations for portfolio managers. This role is well suited to a junior to intermediate investment professional with strong analytical skills, intellectual curiosity, and an interest in building deep sector expertise within a collaborative, long-term investment environment

Is this role right for you? In this role you will:

• Support coverage of assigned sectors or companies by developing financial models, forecasts, and valuation frameworks.
• Develop independent investment ideas and contribute recommendations supported by rigorous analysis.
• Collaborate with portfolio managers to integrate research insights into the investment process and contribute to portfolio strategy discussions.
• Maintain active engagement with company management teams, industry participants, and sell-side analysts to gather qualitative and quantitative insights.
• Evaluate risks and opportunities in the context of Jarislowsky Fraser’s disciplined, long-term investment philosophy.
• Contribute to continuous improvement of research processes, data management, and analytical tools.
• Collaborate with senior analysts and portfolio managers, learning from experienced investors while contributing to a high-performance research culture.
• Ensure all activities adhere to internal policies, regulatory standards, and risk management practices.

Education, Professional Experience, Certifications and Skills required:

• 2-6 years of relevant experience in buy-side, sell-side equity research, or investment bankingor a related investment analysis role.
• A university degree in finance, economics, accounting, or a related field; an MBA or CFA designation (or progress toward one) strongly preferred.
• Demonstrated success in developing original investment theses and conducting fundamental, bottom-up analysis.
• Deep understanding of financial statements, industry dynamics, and valuation methodologies.
• Exceptional analytical abilities, attention to detail, and intellectual curiosity.
• Strong written and verbal communication skills, with the ability to present investment ideas persuasively.
• Proficiency in analytical tools such as Excel, Bloomberg, Capital IQ, or FactSet.
• A collaborative mindset, sound judgment, and the ability to work effectively in a dynamic, team-oriented environment.

Working Conditions:

• Work in a standard office-based environment.

Quebec Residents only: In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Ontario : Toronto || Canada : Quebec : Montreal

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here .

We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.