Associate/Vice President, Fundamental Research Analyst - European Equity Te

at  BlackRock Investments

KNOWLEDGE/EXPERIENCE

• Understanding of fundamental equity research and financial analysis.
• Sell-side research or buy-side / fund management experience required.
• Demonstration of ability as an independent researcher and stock picker who is prepared to think differently to the shorter-term consensus and focus on long term drivers of return.
• European experience is preferable.
• Strong preference for experience of European Equity market coverage, preferably on consumer sectors.

SKILLS/QUALIFICATIONS

• Basic financial modelling ability with required skills in excel, plus preferred ability to use Bloomberg and tableau or other data modelling tools.
• Original and independent thinker, able to work in a fast-paced team environment.
• Strong communication skills.
• University degree required; CFA or equivalent qualification preferred.

JOB PURPOSE/BACKGROUND

The European Equity team is responsible for managing funds for pooled and segregated accounts. The team is based in London, and uses bottom-up, team-based, fundamental research. Individual security research is conducted within a sector driven framework to deliver concentrated portfolios. The team consists of 21 investors supported by 5 product strategists and sits within the larger active equity platform with over 240 investors.
The team is opening up a role for a long-short Equity analyst, at the Associate/Vice President level (depending on experience; ideal candidates will have 4-10 years of relevant industry experience), with the opportunity to work more widely too across other portfolio strategies. The team currently has 3 long-short strategies, run by an experienced team of portfolio managers, with the managers looking to add dedicated resource given the growth opportunities ahead. The flat structure of the European team allows a successful candidate to have an immediate impact on portfolios.
The position is a compelling opportunity for a research analyst with demonstrable skills for fundamental research, financial analysis and knowledge of corporate business models. The analyst we seek will have an appreciation of investing with a strong focus on fundamentally driven returns. Working closely with other members of the team and the wider firm, this individual will conduct detailed fundamental research, make recommendations for inclusion of stocks into multiple strategies, as well as closely monitoring those companies while they are held in the funds.
The analyst will need to conduct independent research; they will be based in London but should be prepared to travel at times to attend company meetings, trade shows and conferences as required.

KEY RESPONSIBILITIES

• Conduct fundamental research, including financial analysis, meeting management, industry analysis, conferences, and interactions across BlackRock equity teams.
• Generate long-term, high conviction investment ideas for concentrated portfolios with particular focus on strong business models, compounding returns and reliable cash flows.
• Contribute to the team’s discussions of individual ideas, setting conviction within the wider research group and hence impacting portfolio strategies.