Equity Research Associate III - truist : Job Details

Publish proprietary equity research in industries aligned to the firm's banking sectors exhibiting the firm's expertise in the sector. Create and publish proprietary equity research content in designated industry with stock recommendations (Buy, Hold, Sell) to institutional buy-side clients. Conduct due diligence and provide industry expertise for capital markets equity transactions and responsible for initiating C-suite corporate access resources to institutional equity clients including non-deal roadshows, conferences, field trips, bus tours, and conference calls. Conduct independent industry assessments and company-specific research reports. Involvement with corporate client relationships at the highest C-Level (CEO, President, COO, CFO, Director of Strategy, etc). Work closely with senior analyst in the research production process as well as with the supervisory analysts in the publication process. Conduct research at several levels: macro, industry and individual companies. Build models at the industry and company level, including market and market share forecasts, revenue, EPS, and cash flow forecasts at the company level. Conduct financial and valuation analyses. Formulate investment ideas. Write draft research commentary. Work closely with Capital Markets, sales, and trading to help leverage the analyst's research product into the institutional client base. Maintain active dialog with representatives of covered companies. Work closely with institutional buyside clients to help leverage the analyst's research product, depending on experience and the needs of the individual analyst.

Requirements

Must have Bachelor's degree in Finance, Economics, or related field plus 5 years of progressive experience in finance and/or investment banking positions performing/utilizing the following: o Financial and accounting concepts to facilitate the creation of in-depth financial models and reports o Developing technical analyses on the banking industry and economic outlook for using Platforms including: S&P Global Market Intelligence, Bloomberg, Moody's, FactSet, Visible Alpha, Experian, Mortgage Bankers Association, and Inside Mortgage Finance, and CoStar o Creating different types of financial models including: DDM, DCF, M&A (with full purchase accounting and other deal impacts), and sum-of-the-parts o Utilizing Federal Reserve and industry databases including H8 (commercial banks assets and liabilities), G19 (consumer credit), Z1 (Fed flow funds), FRED, Fannie Mae, and Freddie Mac o Application of financial and regulatory concepts including Basel III, CET1, RWA, TLAC, SLR, CECL, fair value and credit marks o Strong understanding of the regulatory environment and key institutions including the FDIC, OCC, the Federal Reserve, FFIEC, and the NCUA and the implications they have on the operating environment for banks o Various interest rates and yields and their applications in models and research content, including Fed Funds rates, Fed Funds futures, SOFR, Treasury yields, IG / Non-IG credit spreads, mortgage spreads, MBS spreads, and 2-10 spreads

In the alternative, employer will accept an MBA or Master's degree in Finance, Economics, or related field plus 3 years of experience in finance and/or investment banking positions performing/utilizing the aforementioned.

Must have passed at least 1 of the following exams: SIE; 7 Top Off (or Series 7 if licensed prior to 2019); Series 63; Series 87; or Series 86 or FINRA waiver for those w/ completed CFA II license).

The annual base salary for this position: $180,000 195,000

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.