Institutional Equity Research Associate, Mining - Toronto, On

Summary
Reporting to a Research Analyst, the Associate’s role is to assist with the preparation of equity research publications, develop and maintain financial models, complete ad hoc research requests, and generally assist the Analyst in all aspects of equity research. The Associate is responsible for developing a solid understanding of the metals and mining space and can clearly state and defend the investment thesis for all stocks in the assigned sector. Must be able to handle basic questions from Sales and Clients.
Stifel Canada has a strong position in the Canadian market, has an international reach and is continuing to grow by adding top talent. The role offers candidates an opportunity to gain valuable, hands-on work experience that is focused on the financial markets. In Canada, we are primarily organized into industry teams focused on specific sectors. These include: Technology, Consumer, Diversified Industries, Life Sciences, Financial Institutions, Metals & Mining, and Energy & Natural Resources.
Essential Duties And Responsibilities

• Rudimentary ability to follow and synthesize macroeconomic data as it pertains to precious metals pricing and outlook;
• Willing to occasionally travel to visit mining and exploration projects.
• Able to evaluate basic valuation methodologies for stocks under coverage and the broader sector;
• Meet the special projects demands of the senior level Research Analysts;
• Use all resources to determine and locate relevant data;
• Must be able to clearly state and defend the Analyst’s investment thesis and outlook for each of the stocks under coverage;
• Read, understand and assess both NI 43-101 technical reports and financial statements;
• Analyze information obtained from management in order to conceptualize and define operational problems;
• Build and update comp sheets;
• Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis;
• Continue to build industry knowledge and find avenues for independent investigation in the sector; and
• Respond to basic questions from institutional sales and clients regarding covered companies, and industry questions and data requests;
• Manage databases and electronic data services (i.e. Bloomberg, FactSet, etc.);
• Develop written product with modest direction from the senior level Research Analyst;
• Perform validation and testing of models to ensure adequacy; reformulate models as necessary;
• Collaborate with the broader mining team on idea generation, combined written publications;

Qualifications
The role is challenging and fast-paced. It requires dedication, passion for the industry, and a solid work ethic.

• Proficient in Microsoft Office Suite; and
• Minimum 1-2 years full time equity research work experience or 2-4 years of industry experience;
• Education credentials will consist of one of the following Undergraduate Degrees 1) in business, with a focus on finance with a robust understanding of the mining sector or 2) in Mining Engineering or Geology, with a demonstrated understanding of financial concepts;
• Advanced qualification (CFA, P. Eng, P. Geo, MBA, or CPA) would be an asset but not required;
• Meticulous attention to detail while maintaining an ability to see the overall picture;
• Strong quantitative skills with comprehensive understanding of accounting, equity analysis, valuation and financial modeling;
• Excellent communication skills, both written and verbal;
• Desire to join and help build a winning team.
• Creativity with respect to investment analysis and a passionate interest in capital markets and the mining sector;
• Skills in primary research, interviewing and data gathering;
• Ability to work under a high pressure and time sensitive environment;

About STIFEL
Stifel Canada (https://www.stifel.com/institutional/StifelCanada) is a leading provider of investment banking services, including advisory and underwriting, institutional sales and trading and research services. We offer a full suite of focused debt capital markets, equity capital markets, financial advisory, and investment services, delivering superior advice and execution to a broad range of corporate clients and institutional investors worldwide.
Stifel Canada is a subsidiary of Stifel Financial Corp., a public (NYSE – SF) full-service global investment bank with over 8,500 personnel operating in Canada, the United States and Europe. This includes over 400 investment banking professionals serving the needs of growth companies through specialized expertise and strong relationships within its core industries. As a growth company itself, Stifel’s passion is in bringing the right combination of people, products and services to the table to help our clients grow and excel for the long term.
At Stifel Canada we offer an entrepreneurial environment, competitive pay, comprehensive benefits package to include health, dental, paramedical and vision care, HCSA, wellness initiatives, life insurance, and paid time off.
Inclusiveness and Equal Opportunity
Stifel Canada is committed to fostering an inclusive, fair, accessible environment, where all employees and customers feel valued, respected and supported. If you require an accommodation for the recruitment process, please let us know and we will work with you to meet your needs.