Research Analyst – Payments & IT Services

Job Description

Equity Research Analyst/Associate – Payments, Processors & IT Services | Bank of America

The Tone:
This is a full-time role at Bank of America, located in the United States. Bank of America is a leading financial institution that provides a full range of banking, investing, asset management, and other financial and risk management products and services. Within this organization, the Equity Research Analyst/Associate will be an integral part of the Payments, Processors & IT Services research team. This team is crucial for delivering comprehensive market insights and investment recommendations, covering a portfolio of approximately 30 stocks, including major players and high-growth disruptive companies in the sector. Your contribution will directly support investment decisions by providing deep analytical work, timely reports, and fostering key industry relationships for the firm.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, United States

• Team: Payments, Processors & IT Services research team, covering roughly 30 stocks
• Mission: To provide in-depth financial analysis, valuation, and research coverage for companies in the Payments, Processors & IT Services sectors.
• Tech Stack: MS Word, MS Excel

What You’ll Actually Do
• Model & Value: Perform complex financial modeling and valuation work for covered companies.
• Report & Initiate: Write comprehensive industry and company reports, including launching new company coverage from scratch.
• Support Transactions: Participate in IPO-related vettings and contribute to analyst days.
• Develop Tools: Create and maintain databases essential for the team’s research product.
• Engage Stakeholders: Build and maintain relationships with company contacts and interact regularly with clients.

The Must-Haves
• Background: This role requires a Bachelor’s Degree or equivalent years of professional experience, placing it in an early career stage. Candidates should possess a foundational understanding of Finance and Accounting principles, complemented by basic knowledge of economics, macroeconomic factors, international affairs, and policy/politics.
• Experience: A minimum of 1-2 years of relevant experience is required. Preferred experience includes backgrounds in sell-side or buy-side research or investment banking, though this is not a mandatory prerequisite.
• Skills: Expertise in MS Word and MS Excel, demonstrating strong financial modeling capabilities, is essential. Candidates must exhibit excellent communication skills, both written and verbal, alongside a strong attention to detail and the ability to effectively multi-task in a demanding environment.
• Bonus: Credit skills are considered a plus for this position. The ideal candidate will also demonstrate a strong intellectual curiosity, thrive in a fast-paced and intense work setting, and collaborate effectively within a team environment.