Equity Research Associate - Biotechnology

Description

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 :

Undergraduate degree

Holds or is working towards a CFA designation preferred for publishing analysts and associates

Masters or PhD preferred

2+ years related experience

Preferred Requirements :

Exceptional academic pedigree, including a higher degree in a life science-related field (PhD and / or M.D.)

MBA or CFA a plus

Outstanding analytical skills. Ability to do deep primary research, analyze and draw conclusions from information

Hard work ethic, attention to detail, analytical, curious, optimistic, tenacious with a desire to learn about the bio-pharmaceutical industry

Passion for investing

Good verbal and written communication skills

Proven ability to work well on teams, self-motivated, showing initiative, and a willingness to work hard

Customer Accountabilities :

Compiles, analyzes, and evaluates data, conducting modeling on multiple data inputs related to assigned :

companies / industries and / or

financial markets and economic analysis research reports (e.g., initiating coverage reports, thematic reports, quarterly reporting initiatives, and marketing packages)

Assists in the development of valuation tools and provides advice to institutional clients

Assists in the preparation of forecasting models (e.g., forecast quarterly and annual earnings)

Maintains and enhances financial models and databases

Stays current on market data, economic information, and key industry developments as well as internal policies and regulatory standards (as communicated by Compliance) to assist in maximizing profitability through sound and well-informed decisions

Develops and maintains contact with market participants

Works closely with senior research leads on the ongoing publication of research reports and may assist with ad hoc projects as assigned

May have interaction with clients; develops and presents client presentations

Shareholder Accountabilities :

Keeps abreast of market data, economic information, and key industry developments, as well as internal policies and regulatory standards (as communicated by Compliance) at all times to assist in maximizing profitability through sound and well-informed decisions; develop and maintain contacts with market participants

Demonstrates governance, control, and risk management behaviors in alignment with TD policies and practices

Adheres to enterprise frameworks or methodologies that relate to activities for our business area

Ensures respective programs / policies / practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities

Consistently exercises discretion in managing correspondence, information, and all matters of confidentiality; escalate issues where appropriate

Participates in cross-functional / enterprise initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations

Conducts internal and external research projects; support the development / delivery of presentations and communications to management or broader audience

Conducts meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs / policies / practices

Monitors service, productivity, and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist

Actively manages relationships within and across various business lines, corporate, and / or control functions and ensures alignment with enterprise and / or regulatory requirements

Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite

Employee / Team Accountabilities :

Participates fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation, and teamwork, and ensure timely communication of issues / points of interest

Provides thought leadership and / or industry knowledge for own area of expertise and participate in knowledge transfer within the team and business unit

Keeps current on emerging trends / developments and grow knowledge of the business, related tools, and techniques

Participates in personal performance management and development activities, including cross training within own team

Keeps others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities

Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices

Leads, motivates, and develops relationships with internal and external business partners / stakeholders to develop productive working relationships

Contributes to a fair, positive, and equitable environment that supports a diverse workforce

Acts as a brand ambassador for your business area / function and the bank, both internally and / or externally

Physical Requirements :

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

Domestic Travel – Occasional

International Travel – Never

Performing sedentary work – Continuous

Performing multiple tasks – Continuous

Operating standard office equipment - Continuous

Responding quickly to sounds – Occasional

Sitting – Continuous

Standing – Occasional

Walking – Occasional

Moving safely in confined spaces – Occasional

Lifting / Carrying (under 25 lbs.) – Occasional

Lifting / Carrying (over 25 lbs.) – Never

Squatting – Occasional

Bending – Occasional

Kneeling – Never

Crawling – Never

Climbing – Never

Reaching overhead – Never

Reaching forward – Occasional

Pushing – Never

Pulling – Never

Twisting – Never

Concentrating for long periods of time – Continuous

Applying common sense to deal with problems involving standardized situations – Continuous

Reading, writing, and comprehending instructions – Continuous

Adding, subtracting, multiplying, and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation / incentive awards (e.g., eligibility for cash and / or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

Additional Information :

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.