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Managing Director or Director, Equity Research…
- BMO Financial Group (New York, NY)
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BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets
BMO Capital Markets is a leading, full-service North American-domiciled financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research, and institutional sales and trading. BMO Capital Markets has approximately 2,700 professionals in 33 locations around the world. The Equity Research department covers close to 900 stocks across diverse sectors.
Our healthcare research team is currently searching for a Senior Biotechnology Research Analyst to lead coverage of small and mid-cap oncology companies.
Description
The Senior Biotechnology Research Analyst is responsible for leading BMO’s coverage of small and mid-cap oncology companies across modalities and development stages. The individual serves as a trusted advisor to internal and external stakeholders. The ideal candidate can translate scientific analysis and clinical data into differentiated and actionable investment theses for buy-side clients and other key stakeholders.
Experience/Skills
This role combines deep industry expertise with strategic thinking to deliver actionable insights, innovative solutions, and a high-impact client experience. A combination of exceptional writing skills, technical knowledge and skills in equity research, finance/accounting, demonstrated through relevant work and educational experiences. Candidates must have a clear and proven track record of achievement throughout their education and career.
Other key responsibilities and attributes include:
Lead coverage of small and mid-cap oncology companies, across modalities and developmental stages
+ Ideate and execute on production of differentiated and timely research; provide a unique point of view on the oncology and broader biotechnology sector
+ Build and maintain robust financial and probability-adjusted revenue/pipeline models for oncology companies
+ Present well supported investment recommendations for covered companies, including ratings and target prices
+ Ability to analyze clinical trial design and data across early and late-stage oncology trials (including dose escalation, dose-expansion, PFS/OS and response endpoints, statistical powering, and drug safety)
+ Deep understanding of the drug regulatory and reimbursement environment across geographies
+ Monitoring of the competitive landscape as it relates to covered companies
+ Host expert calls and events with oncologists and other specialists
+ Represent BMO and the Healthcare Research team at major oncology conferences (ASCO, ESMO, AACR, ASH)
+ Independently vet and assess companies for potential transactions underwritten by BMO’s investment bank, including IPOs and secondary equity raises
+ Form and maintain deep relationships across companies (public and private), investors, and other experts in and adjacent to the sector
+ Connect companies with investors via NDRs, BMO conferences, and other events
+ Acts as a trusted advisor to internal and external stakeholders
+ Drive buy-side investor votes and revenue
+ Acts in a leadership role to drive improved efficiency and effectiveness in the department and broader Capital Markets organization
+ Collaboration with other senior research analysts for cross-sector/ franchise research, events, and investor marketing
+ Partnership with sales and trading professionals within BMO, timely responses and action on client requests
+ Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures
+ Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO
Qualification
Candidates should have:
+ 10+ years of relevant experience (sell-side equity research, buy-side investing, or investment banking) and post-secondary degree (PhD, MD, PharmD, MS, or MBA); CFA certification is a plus, but not a requirement
+ U.S. Only: FINRA Series 7, 63, 86 & 87 licenses
+ Expertise in oncology and the biotechnology sector
+ Deep relationships across public and private oncology companies; in addition to key opinion leaders and expert physicians in oncology
+ Ability to assess viability, competitive positioning, and likelihood of success of pre-clinical and clinical-stage oncology assets
+ Strong financial modeling and valuation skills, with a focus on forecasting early- and mid-stage oncology companies
+ Exceptional written and oral communication skills; ability to present complex information to a variety of audiences (internal and external), with differing levels of industry knowledge and expertise (e.g., generalists sell-side sales professionals, buy-side sector-specific investors, and industry executives)
+ Recognized as a thought leader in oncology and the broader biotechnology sector; provides a unique and differentiated point of view to firm clients
+ Proven ability to lead a team and develop associate analysts
Please note the base salary for this role is USD$275,000 at the Director level and USD$350,000 at the Managing Director level** **(subject to the candidate meeting the specific skills, experience, education, and qualification requirements).
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
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