Equity Research Analyst - RMB Nigeria Stockbrokers at Rand Merchant Bank

Role Purpose

• To provide insight and thorough analysis of a company, entity or sector and present this information in a way that is easily understood and usable by investors to decide how to allocate funds.
• The role requires the candidate to provide equity research coverage for the assigned sector(s) in the Nigerian and other sub-Sahara African equity markets as well as offer investment recommendations to investors in these markets, with the aim of ensuring that the assigned sector research coverage is a leading franchise with investors.

Responsibilities

• Build and maintain financial and valuation models of companies in the FMCG sector across the African markets.
• Initiate research coverage on FMCG and any other assigned sectors, producing insightful research reports, regular maintenance research as well as thematic research reports.
• Maintain and build industry database for the sector under coverage.
• Provide in-depth analysis of equities covered to domestic investors and foreign institutional portfolio managers to aid investment decisions.
• Write call notes and present investment recommendations, background and breaking information on covered companies to the equity sales team in order to drive trades.
• Prepare presentations for internal and external use such as for daily market analysis and road shows, as well as teach-ins.
• Commit to a dry-run presentation with teammates and other approved personnel before embarking on a road show.
• Manage non-deal roadshow meetings with covered companies and investors.
• Attend investor conferences and be involved in planning RMB’s business and investors’ conferences and participate in corporate earnings calls of covered companies.
• Have and maintain a good relationship with senior-level executives of sectors being covered or considered for coverage to provide corporate access to RMB’s clients.
• Assist the Head of Research in any other role towards achieving departmental as well as organizational goals.
• Provide inputs in the preparation of the RMBNS monthly trade ideas (stock picks) report.

Qualifications and Experience

• B.Sc in relevant fields. A CFA (completed or in-view), MBA or MSc in Finance could be an added advantage.
• 3 - 6 years experience working as a sell-side analyst in a reputable brokerage firm in Africa.
• Must have a valid travel passport and must not have restrictions on travel to countries globally.

Competencies / Skill:

• Self-starter, ready to work in a fast-paced, entrepreneurial environment and has an open mind.
• Very confident and must possess excellent communication skills as the position involves regular calls and face-to-face interactions with portfolio managers/investment analysts.
• Strong working relationship with domestic and foreign institutional investors.
• Excellent use of Microsoft Office tools – Excel, PowerPoint, Microsoft, etc.
• Good understanding of financial statement analysis as well as financial and valuation modelling.
• An excellent understanding of the securities markets – understanding how trends in other asset classes impact equities and vice versa.
• Highly analytical in thoughts and approach to data and report writing.
• Ability to interpret data in a meaningful manner and approach that offers clear information regarding investment choices.
• A good understanding of research compliance, ethics and engagement between the public and private sides of the business is required.