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Job Title


Equity Research Associate - Industrials and Special Situations


Company : Stifel Financial Corp.


Location : Toronto, Ontario


Created : 2026-03-07


Job Type : Full Time


Job Description

What Youll Be Doing Reporting to a Senior Research Analyst, the Associates 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. Over time, the Associate is responsible for developing a deep understanding of the assigned sector to be able to 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 and to best represent the firm in corporate presentations. Stifel 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, handson work experience that is focused on the financial markets. In Canada, we are primarily organized into industry teams focused on specific sectors that include: Diversified Industrials, Technology, Consumer, Life Sciences and Metals & Mining. Stifel Canada is offering a unique opportunity to work with an experienced team with an exceptional track record and a large global network of relationships. Note This position is based at our Toronto office and requires inperson attendance. The role is for an existing vacancy. Salary range: $100,000 $110,000 annually, in addition to a discretionary bonus. Actual compensation will be determined based on skills, experience, and other job requirements. What Were Looking For The Equity Research Associate will support the Senior Research Analyst through the following tasks: Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis; Analyze information obtained from management to conceptualize and define operational opportunities and weaknesses; Ability to think independently and use thirdparty data to validate business strategies; Perform validation and testing of models to ensure adequacy; reformulate models as necessary; build and update stock comparison sheets; Managing the databases from electronic data services (i.e., Bloomberg, FactSet, etc.); Ability to adequately prompt artificial intelligence tools to improve workflows; Must be able to clearly state and defend the Analysts investment thesis and outlook for each of the stocks under coverage; Respond to basic questions from institutional sales and clients regarding covered companies, and industry questions and data requests; Develop written product with modest direction from the Analyst; Able to evaluate basic valuation methodologies for stocks under coverage and the broader sector; Meet the special projects demands of the Analyst; Use all resources to determine and locate relevant data; Continue to build industry knowledge; Develop external sources (management teams, suppliers, and customers). Must be able to integrate these sources in the research product. Will be assigned a small client contact list and will be responsible for meeting the needs of those clients; Liaise with other sector groups and Stifel research geographies to create industry publications. What Youll Bring A high regard for detail and accuracy are essential. The role of the Equity Research Associate is challenging and fastpaced. It requires dedication, passion for the industry, and a solid work ethic. The Successful Candidate Will Possess Excellent communication skills, both written and verbal; Skills in primary research, interviewing and data gathering; Strong quantitative skills with comprehensive understanding of accounting, equity analysis, valuation and financial modeling; Creativity with respect to investment analysis and a passionate interest in capital markets; Ability to work under a high pressure and timesensitive environment; Meticulous attention to detail while maintaining an ability to see the overall picture; Desire to work in an office environment; Desire to join and help build a winning team. Education & Experience Undergraduate degree in business and the pursuit of a CFA/CPA designation; and Minimum 1-2 years work experience with preference for prior equity research roles. Systems & Technology Proficient in Microsoft Office Suite; experience using Bloomberg, FactSet, or similar platform. 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) fullservice 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, Stifels 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 which includes health, dental, fertility, paramedical and vision care, HCSA, wellness initiatives, life insurance, paid parental leave and paid time off. Inclusiveness and Equal Opportunity At Stifel Canada we are committed to our vision of an equitable, diverse and inclusive finance industry where people of all genders, races, sexual orientations and abilities have equal opportunity to advance, succeed and lead. If you require an accommodation for the recruitment process, please let us know and we will work with you to meet your needs. Applicants will be required to undergo a background check only if and after a conditional offer of employment has been extended. #J-18808-Ljbffr