KBW Equity Research Associate II - Brokers, Asset Managers and Exchanges

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

 

Let’s talk about how you can find your place here at Stifel, where success meets success.

KBW is hiring for an Associate II on its Equity Research team covering Brokers, Asset Managers, and Exchanges. 

 

The candidate should have 1-4 years of relevant experience, and will be responsible for providing information, data gathering, analysis, building and maintaining financial models, and organizational support to a senior level Research Analyst.  The candidate will be required to have a solid understanding of the assigned sector and the ability to clearly state and defend the investment thesis for all stocks in the assigned sector. A strong foundation of financial/accounting knowledge is required, in addition to excellent writing and verbal skills.

• Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis.
• Formulate mathematical or simulation models of problems, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters.
• Analyze information obtained from management in order to conceptualize and define operational problems.
• Perform validation and testing of models to ensure adequacy; reformulate models as necessary.
• Building and updating comp sheets.
• Managing the databases and electronic data services (i.e. Bloomberg, FactSet, Morningstar, Dealogic, Pregin, etc.)
• Must be able to clearly state and defend the Analyst's investment thesis and outlook for each of the stocks under coverage.
• Respond to basic questions from institutional sales and clients regarding covered companies, and industry questions and data requests. 
• Develop written product with modest direction from the senior level Research Analyst.
• Able to evaluate basic valuation methodologies to stocks under coverage and the broader sector.
• Meets the special project demands of the senior level Research Analysts. 
• Uses all resources to build industry knowledge.
• Some travel by car and/or air in conjunction with local, regional and/or national travel. 

• Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Time Management - Managing one's own time and priorities to ensure the meeting of deadlines.
• Oral and Written Expression - The ability to communicate information and ideas in spoken or written form so that others will understand.
• Economics, Accounting, Finance, and Securities Analysis - Knowledge of economic, accounting, and financial principles and practices, the financial markets, the industry, the analysis and reporting of financial data, and associated terminology.

• Minimum Required: Bachelor's degree
• Minimum Required: 2 to 4 years of relevant industry experience and/or proven experience at the Associate I level

• SIE, Series 86, Series 87 preferred, but not required for application

• Proficient in Microsoft Excel, PowerPoint

Salary: -

Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.

In June of 1962, Harry Keefe, Jr., Gene Bruyette, and Norbert Woods founded Keefe, Bruyette & Woods (KBW) along with five other employees and $50,000 in capital. Together, the founders launched KBW with a vision of the future and a belief in personal accountability during a time when investors purchased bank stocks for the dividend yield alone. Few banks published balance sheets or earnings statements, and research was nearly nonexistent. With the addition of sales, trading, and research operations, and a clear focus on regional banks, the company has branched out since its founding. KBW is now widely considered the leading expert on all financial sub-sectors.

 

KBW, the Force Driving Financial Services Forward

 

• #1 Best U.S. SMID Research for Banks
• #1 Best U.S. SMID Research for Non-Bank Financials
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