BNP Paribas Asset Management ranks among the top three asset managers in Europe, following its merger with AXA Investment Managers and BNP Paribas Real Estate Investment Management. Its teams design and manage innovative investment solutions for individual savers, businesses and institutional investors worldwide. With liquid strategies, long-term savings solutions and an alternatives platform boasting more than 30 years of experience, BNP Paribas Asset Management is a key player and the European leader in long-term asset management, committed to supporting its clients in a changing world.
ROLE/ DESCRIPTION AND PURPOSE
We have an excellent career opportunity for a Senior Equity Analyst (Role ID: R019281) on our US & Global Thematic Equity Team in the Boston office. This successful candidate will be responsible for generating alpha through fundamental research and actionable recommendations within the healthcare sector. The role will support the BNP Paribas Healthcare Innovators Fund, our US equity strategies (small, mid and large cap) and other relevant funds. Prior healthcare sector experience is required. The candidate will report to the Head of the US & Global Thematic Equity Team and will work closely with, and take direction from, the lead portfolio manager of the Healthcare Innovators Fund as well as the broader investment team collaborating regularly and supporting the investment process.
KEY RESPONSIBILITIES
- Conduct industry and stock analysis within the healthcare sector in order to identify key industry trends and identify prospective equity investments. This involves,
- Collecting and analyzing clinical data
- Analyzing competitive market dynamics
- Evaluating barriers to entry
- Assessing market opportunities
- Analyzing the financial positioning and opportunities of prospective investments
- Assessing valuation, risk and reward
- Develop and communicate comprehensive investment theses, including:
- Rigorous industry and competitive analysis, assessing management quality, business models, market positioning, and competitive dynamics;
- Detailed financial modeling and valuation work, including identification of key value drivers, scenario analysis, and development of price targets; and
- Thorough risk assessment, incorporating financial, operational, and ESG (environmental, social, and governance) considerations.
- Monitor portfolio holdings in assigned industries. Maintain updated financial models and price targets. Recommend add/ trim trades as appropriate based on target price and market conditions.
- Share investment research and ideas with all portfolio managers within the US and Global Thematic Equity Team and, as appropriate, with the broader Fundamental Active Equity group within BNPP Asset Management.
- Participate in our team-based decision-making process for stock selection across all sectors.
- Work efficiently within, and provide input to improve, the existing investment process.
- Travel periodically to visit companies, attend industry conferences and attend investment conferences
- Support the sales team when required, through participation in client meetings and other activities
- Take primary coverage responsibilities (and ramp coverage) of the following industry groups as an investment analyst:
- Medical technology
- Life science tools and CRO’s
- Diagnostics
- Healthcare services
- Support the lead portfolio manager in managing the relevant funds
- Collaborate with FAE peers to source ideas for healthcare stocks outside of the US
- Initiate trade requests for the relevant healthcare strategies and mandates, when the lead portfolio manager is not available
- Assist with monitoring positions held, portfolio construction decisions, and portfolio analysis (performance, risk profile, ESG profile, exposure to themes, exposure to factors).
- Maintain comparison spreadsheets to monitor financial and other metrics, in order to track stocks in the portfolio and on the monitor list, in covered industries
- Participate in client meetings, including periodic reviews with existing clients and meetings with prospective clients
- Aid in the analysis of portfolio performance and risk data
- Participate in healthcare sector pod meetings including the preparation of presentations of materials
KEY INTERNAL RELATIONSHIPS
Internal: Portfolio Management & Sales
ROLE REQUIREMENTS: QUALIFICATIONS AND EXPERIENCE
- Experience conducting fundamental equity analysis within the healthcare sector
- Chartered Financial Analyst (CFA) qualification and/or MBA strongly preferred; CPA or finance/accounting degree may substitute
- Demonstrated ability to research, write and present comprehensive investment theses
- Ability to build extensive financial models in Excel; experience with FactSet or Bloomberg preferred
ESSENTIAL SKILLS/COMPETENCIES (TECHNICAL / BEHAVIORAL / LEADERSHIP)
- Analytical Skills: Capable of identifying all key aspects of a subject, critically examine the key topics and synthesize a thesis without relying entirely on broker research
- Self-motivating: The individual is driven by curiosity to know more about subject matter
- Accuracy: Constantly attentive to the precision and thoroughness of the information sent and to the quality of the work product; ensures that errors are minimized.
- Takes initiative: Works proactively and independently, implementing work processes, ideas and solutions, including in situations where information is ambiguous.
- Organizational Skills: Sets priorities, plans actions and methodically monitors their progress by coordinating activities and resources in the best way possible.
- Results Driven: Seeks to achieve the objectives set within the defined timeframe, by acting with tenacity and by balancing costs and benefits. Continuously seeks optimum performance.
- Communication Skills: Expresses his / her messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed.
- Teamwork: Knows how to work in a team and/or across teams, acts bearing common interests and respect for fellow team members.
- Client Focus: Does everything possible to achieve internal or external customer satisfaction by identifying the clients’ needs and providing them with the appropriate solution taking into account the company’s ethics and interests.
- Integrity: Understands and adheres to the highest standards of ethical conduct, respects the company’s rules and values.
- Reflects on and learns from mistakes and setbacks.
Conduct
- Be a role model, supporting and fostering a culture of good conduct.
- Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.
- Consider the implications of your actions on colleagues, partners, and clients before making decisions and escalate issues to your manager when unsure.
What’s in it for you.
Your engagement to unlock your potential and deliver high performance will be the driving force that will enable you to benefit from all that BNPP AM has to offer. As a Company, we recognize the value of Emotional Intelligence in the workplace as it enables effective collaboration, motivation, wellbeing, job satisfaction and sustainable performance at work. Culturally, we are more human than corporate so whilst high performance and strong expertise is a given, we value trust, empathy, and empowerment.
In return, we can offer you things that money cannot buy:
- Dynamic career opportunities across the globe
- Volunteering initiatives to support our local communities and connect with our colleagues.
- The opportunity to contribute to our award-winning Sustainability efforts and join our community of Future Makers
- Access to a robust wellbeing program including mental health support and resources.
- An award-winning online learning and development platform
- Hybrid working
- A diverse and inclusive working environment where you can be your authentic self.
Physical presence in office is an essential function of this position. This role has the flexibility of being hybrid, consisting of an in office and remote working component.
The expected starting salary range for this position in Boston is between $150,000 to $200,000 annually. Actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
Our firm is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
