Equity Research Associate - Biotechnology

Equity Research Associate

TD Cowen, a division of TD Securities, is looking for an Equity Research Associate to join its Healthcare, Biotechnology team in New York.

Equity Research Analysts follow the progress of public biotechnology companies and make stock recommendations to institutional investor clients. Job tasks include financial modeling, interviews with physician experts and company managements, conducting surveys, literature reviews, hosting industry conferences, writing reports and making oral presentations.

The successful candidate will support a Senior Research Analyst in analyzing individual biotech companies and market trends; composing company-specific and thematic research reports; building and maintaining financial and market models; interviewing physicians and company executives; conducting deep scientific and clinical due diligence; and interacting with Cowen's institutional sales force, traders, investment bankers, and investor clients.

Note from Cowen associates with life science / M.D. and / or Ph.D. backgrounds : What we find especially appealing about the job is that it involves acquiring expertise in a broad range of disciplines, both scientific (gaining in-depth knowledge of therapeutic areas pursued by covered companies, drug mechanisms and their associated safety / efficacy profiles, clinical trial design strategies, etc.) and non-scientific (analyzing intellectual property, financial status, market opportunities, etc.). This position is one of just a handful in which former physicians and scientists can apply their healthcare expertise to the art of investing. The product of our work is first and foremost good investment ideas. The position is a unique combination of science, medicine, and finance. It may be ideal for a person with passion in these areas.

Depth & Scope

• Expert level professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas to run data analysis and develop research reports
• Integrates the broader organizational and industry context into advice and solutions
• Solves complex problems requiring analysis of multiple variables, which may require consultation with multiple stakeholders
• Uses advanced methods to contribute to new solutions and recommend standards against which others will operate
• Interprets guidelines, standards, policies, and results of analysis to inform decision making at senior levels
• Builds stakeholder alignment in leading activities, identifying, and leading problem resolution
• Works independently as a subject matter expert within own area of specialty and act as an escalation point and / or knowledge resource for others

Education & Experience

Preferred Requirements

Customer Accountabilities

Shareholder Accountabilities

Employee / Team Accountabilities

Physical Requirements

Never : 0%; Occasional : 1-33%; Frequent : 34-66%; Continuous : 67-100%