Analyst / Associate Equity Research

Bank of America; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

Bank of America is seeking an Equity Research Analyst in London for its Utilities and Infrastructure Team. This role involves financial modeling, writing reports, and engaging with internal and external clients, providing an excellent opportunity to impact financial decision-making. Ideal candidates will excel under pressure and possess strong analytical skills.

Qualifications

• Outstanding academic qualifications required.
• Experience in Equity Research or Investment Management helpful.
• Meticulous attention to detail and strong financial skills are essential.

Responsibilities

• Perform financial modeling and valuation of companies.
• Write industry and company reports for clients.
• Build relationships with corporates under coverage.

Skills

Numeracy

Accounting

Financial modelling

Interpersonal communication

Organizational skills

Education

Bachelors' degree (or equivalent)

Tools

MS Excel

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Equity Research analyst role is based in London, working for the Utilities and Infrastructure Team, supporting coverage of 45 stocks/$1tn market cap. The 6 person team is co-led by an experienced MD and Director.

This role includes 1) financial modelling and company valuation, 2) writing industry and company reports, 3) communicating with internal and external clients, 4) building relationships with corporates under coverage, 5) leveraging industry contacts to create differentiated events for clients to attend. The demands on the analyst are sometimes high and a demonstrated ability to deliver under pressure is essential.

• Performing research and information gathering across the varied sub-segments and regions of the sector
• Interpreting data and performing analysis on the market, economic, demographic and regulatory trends affecting the sector
• Attending company conferences and industry events to gather data and to learn key aspects
• Developing and maintaining complex company and industry financial models
• Valuing companies using a variety of metrics appropriate to the sector
• Writing equity research reports – thematic ones on the industry and stock specific ones on companies under coverage
• Contributing to collaborative cross sector reports with both European and Global Research colleagues
• Building relationships with the companies under coverage
• Leveraging industry contacts to create differentiated events for clients to attend: conferences, field trips, expert speaker calls
• Marketing research views to investor clients
• Liaising with internal clients and business partners within Bank of America

Team:

• The BofA EMEA Equity Research department covers c.700 stocks, across Europe, the Middle East and South Africa.
• In the latest 2024 Institutional Investor Survey BofA ranked No.1 in both Developed and Emerging Europe Equity Research, and in Corporate Access.
• As part of our team you would have exposure to a wealth of top quality research product across all research assets classes from which to draw ideas.
• Learning to be a successful Equity Research analyst at BofA is primarily done through on-the -job training and osmosis within your immediate team. This is complimented by formal training in the Research basics (modelling, writing, presenting).
• You would also have access to Best Practice sessions led by our experienced and highly rated senior analysts, helping you to learn.
• The job involves extensive collaboration with colleagues in adjacent sectors in European Equity Research and with analysts around the world.

Skills and Experience:

• Bachelors’ degree (or equivalent) with outstanding academic qualifications. Numeracy essential.
• Experience working in Equity Research or Investment Management could be helpful, although not essential
• Strong accounting, financial modelling/financial mathematical skills are required
• Advanced level of MS Excel
• Meticulous attention to detail, diligence and conscientiousness
• Strong interpersonal communication skills
• Track record of achieving recognition when servicing clients/customers
• Proven organizational and time management skills as well as ability to work under pressure
• Capable of working effectively both independently and with multiple teams/individuals