Senior Equity Research Analyst - Metals and Mining

HSBC; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

HSBC Holdings plc in London seeks an investment research professional to initiate and maintain coverage on 12-15+ South African and EMEA metals and mining stocks. You will produce research that informs views on commodities and supports engagement with clients globally.

The role emphasizes rigorous modelling, high quality publications, and clear written insights. You will collaborate with Sales Corporate Access and the wider research platform, using Bloomberg, Excel and PowerPoint daily.

Qualifications

• Proven experience in investment research sell-side or buy-side or related fields such as strategy, accounting, or consulting.
• Strong financial modelling, accounting, and valuation skills with attention to detail.
• Ability to interpret fundamentals and competitive dynamics across sectors.
• Proficient in data analysis and modern research tools.
• Clear written and verbal communication of investment insights.
• Maintain high standards of confidentiality and integrity.

Responsibilities

• Initiate and maintain coverage on 12–15+ SA and EMEA metals & mining stocks.
• Research companies, industry structures, and commodity drivers.
• Build and maintain financial models and industry databases.
• Publish high-quality research for internal and external clients.
• Formulate differentiated views on commodities with global teams.
• Verify sources and strengthen conclusions.
• Translate complex problems into evidence-based insights for clients.
• Collaborate with Sales, Corporate Access and other stakeholders.

Skills

Investment research

Financial modelling

Written communication

Client engagement

Analytical thinking

Tools

Bloomberg Terminal

Excel

PowerPoint

Word

Job description

Why HSBC

HSBC is one of the largest banking and financial services organisations in the world. Guided by our purpose of opening up a world of opportunity, our ambition is to become the world’s most trusted bank globally, putting customers at the heart of everything we do.

The Role

This role initiates coverage on 12-15+ stocks across the South African and EMEA metals and mining sector including South African gold, PGM and diversified companies. You’ll produce research that helps form our views on underlying commodities and supports engagement with local South Africa and international clients. Working as part of our global metals and mining team, you’ll turn complex company and industry dynamics into clear investment insights. Success looks like high-quality publications supported by robust models and well-governed data. You’ll use technology and modern research tools to improve productivity and deepen analysis while maintaining strong standards of confidentiality, compliance and integrity.

What you'll be doing

• Initiate and maintain coverage on 12-15+ South African and EMEA metals and mining stocks
• Research companies and industry structures including competitive dynamics and key commodity drivers
• Build and maintain financial models analytical frameworks and industry databases
• Produce high-quality research publications for internal and external clients
• Formulate and articulate differentiated views on underlying commodities in partnership with the global team
• Evaluate information critically and verify sources independently to strengthen research conclusions
• Translate complex problems into clear evidence-based investment insights for clients
• Partner with colleagues across Sales Corporate Access and the wider research platform to support client engagement

What we're looking for

• Bring proven experience in investment research sell-side or buy-side or adjacent experience in strategy accounting or consulting
• Demonstrate strong financial modelling accounting and valuation capability with close attention to detail
• Apply structured research methods to interpret fundamentals and competitive dynamics across sectors
• Use data and modern research tools to improve productivity and deepen analysis
• Communicate investment insights clearly in writing and in discussion with internal teams and clients
• Operate to high standards of confidentiality compliance and professional integrity
• Work effectively across a broad platform with analysts Sales Corporate Access and other stakeholders
• Use Bloomberg with confidence alongside strong Excel PowerPoint and Word skills

Research that shapes client decisions

This role gives you scope to set coverage and publish research that influences how clients and colleagues see the South African and wider EMEA metals and mining landscape. You’ll combine rigorous modelling with clear written work and direct engagement across the platform. If you want your analysis to travel beyond the page and into real client conversations this is a chance to do that at scale.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please contact the Recruiter.