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Associate, Research Analyst, MENA Equity Research

Job Description

One of the world’s leading financial institutions, we have 66 million customers ranging from individuals to businesses to governments and we are committed to growing responsibly. We’ve been building meaningful connections in Europe, the Middle East and Africa for 90 years, and you’ll find our 200,000-strong workforce in more than 35 countries worldwide.

Business Overview

The MENA equity research team is looking for a motivated associate research analyst to assist the team with its coverage of the equity markets in MENA, with a particular focus on MENA consumer and consumer-related companies as well as MENA Real Estate. The position is to be Riyadh-based.

The MENA equity research team covers 58 stocks with a market capitalisation of $820 billion and services BofAML’s equity investor clients and internal sales and trading desks worldwide with thoughtful and insightful research and investment ideas within the sector.

The role involves all aspects of equity research, including: 1) financial modelling, 2) communicating with internal and external clients, and 3) building relationships with corporates under coverage. The demands on the role are sometime high and a demonstrated ability to deliver under pressure is essential.


  • Providing principal coverage leadership of the MENA consumer sector, with an in initial focus on Saudi consumer stocks. Furthermore, a successful candidate would be responsible for providing local market colour to the rest of the MENA research team and the MENA equities business.

The individual would also be responsible for chaperoning research meetings with Saudi Corporates. Additional responsibilities are:

  • Performing primary research and information gathering on the companies in the sector and their products
  • Developing and publishing company financial models on a timely basis
  • Contributing to industry and regional research report
    Collaborating with sector peers across EEMEA and the global research team to produce sector research reports
  • Responding to client requests and requests from sales/sales trading
  • The job description and responsibilities listed are not all inclusive.  Responsibilities and accountabilities remain flexible depending on business needs, and will change as required. 


Specialist Experience

  • Experience of working as a lead sell-side analyst, being the principal author on single stock research
  • Demonstrated track record of exceptional academic achievement
  • Motivated, hard working, numerate individual with strong communication skills
  • Strong excel skills
  • Strong understanding of accounting, financial modelling/financial maths, valuation
  • Demonstrated attention to detail
  • Strong communication skills (both written and oral)
  • An ability to sell ideas
  • Fluency in Arabic
  • CMA certified analyst
  • Buy side experience would be an asset
  • Current understanding of Saudi consumer stocks preferred
  • Experience of dealing with international buy side analysts and PMs
  • ACA (or other accounting qualification) or MBA
  • CFA level 2 or greater


Please note that all information in this job description is accurate at the time of posting. Please be aware that companies may change details and/or closing dates without notice.



Job Summary

Bank of America
  • Saudi Arabia
  • Finance
Job Type
  • Full-time
  • Negotiable
11 November 2019
Applications Deadline
18 January 2020

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