Senior Research Associate

Irage; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Benefits offered by this job

Competitive fixed pay with bonus

Direct access to market data and quant

Small, fast-moving team with partners'

Job summary

iRageCapital Advisory Private Limited seeks a senior equity research professional to own the desk's fundamental ideas and quant edge, defining coverage and models, and delivering client-ready insights.

You will sell research to institutional clients, lead meetings with fund managers, and guide a small team of junior analysts while ensuring SEBI-compliant governance.

Qualifications

• 7+ years of equity research experience in institutional brokerage, investment bank, or buy-side

Responsibilities

• Own the research product and its quant edge: define coverage universe, research calendar, and house style.
• Sell the research to institutional clients: run calls, roadshows, and analyst meetings; collaborate with institutional sales.
• Lead and develop the team: manage 4 junior analysts, review models, and train on fundamentals and data skills.
• Governance and compliance: ensure SEBI guidelines, maintain information barriers between research and trading.

Skills

Equity research expertise

Client relationship management

Financial modelling

Valuation

Written communication

Quant research interest

Education

NISM Research Analyst certification

Job description

1. Own the research product and its quant edge

• Define the desk's coverage universe, research calendar and house style, anchored in your own sector expertise.
• Apply iRage's strengths to your fundamental work, with the quant team assisting with: market microstructure, flows, derivatives positioning, factor and statistical models, and alternative data.
• Work with iRage's quant researchers and data engineers to turn signals (earnings-surprise models, F&O open interest, delivery and block-deal data, index rebalancing, event studies) into publishable, client-ready ideas.
• Publish initiations, earnings updates, thematic and quant-screen reports, plus short daily or weekly notes.
• Personally cover your core sector(s) with full models, valuations and management access.

2. Sell the research

• Be the face of iRage research to institutional clients: FPIs, domestic mutual funds, insurers, PMS/AIFs and family offices.
• Run client calls, roadshows, corporate access events and analyst meets; pitch ideas directly to fund managers.
• Partner with institutional sales to win research votes, empanelment and broker rankings, and to grow broking and execution revenue.
• Translate quant outputs into a clear investment story a fundamental PM will act on.
• Gather client feedback and shape the product around what clients pay for.

3. Lead and develop the team

• Manage 4 junior analysts; assign sectors and set quality standards.
• Review every model and report before publication for accuracy, logic and compliance.
• Train analysts in fundamental research, and encourage them to build data and quant skills alongside iRage's quant team.
• Run weekly idea meetings, set individual goals and conduct performance reviews.

4. Governance and compliance

• Ensure all research complies with SEBI (Research Analysts) Regulations, disclosure norms and internal conflict-of-interest policies.
• Maintain clear separation and information barriers between research and iRage's proprietary trading.

Qualifications

• 7+ years of equity research experience at an institutional brokerage, investment bank, research house or buy-side fund.
• Proven coverage track record: either a few sectors, or deep, recognised expertise in 1–2 sectors (e.g., BFSI, IT, consumer, autos, pharma, capital goods).
• Strong institutional client relationships and a demonstrated ability to sell ideas to fund managers.
• Strong fundamental research skills: expert financial modelling and valuation, and a deep understanding of business models, financial statements and industry dynamics.
• Willingness to do quant-related research: curious about data-driven ideas and keen to partner with iRage's quant team. Prior quant experience is not required; the quant team provides the models and data.
• Clear, persuasive writing and presentation skills.
• NISM Research Analyst certification (or willingness to obtain it promptly) and familiarity with SEBI research regulations.

What we offer

• The chance to build a research franchise from the ground up, backed by one of India's most experienced quant and HFT firms.
• Direct access to iRage's market data, quant researchers and technology stack.
• Competitive fixed pay plus a performance bonus linked to research quality and revenue.
• A small, fast-moving team with direct access to the partners.

9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.

Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.