Job Description

SENIOR EQUITY SECTOR ANALYST

OPPORTUNITY OVERVIEW

This position serves as a lead sector analyst within our equity research team, responsible for developing and maintaining comprehensive coverage of assigned industry sectors (Health Care, Utilities, Materials, or REITs/Real Estate). The role requires deep fundamental analysis, sophisticated financial modeling, and expert industry knowledge to generate actionable investment insights that drive portfolio performance across $20B in assets under management. The successful candidate will serve as the firm's subject matter expert for their sectors, providing critical research and recommendations to portfolio managers, the Investment Strategy Committee, and client-facing professionals.

KEY RESPONSIBILITIES

Fundamental Research & Valuation

• Construct comprehensive valuation models for companies within coverage universe, including multi-year forecasts of revenue, earnings, cash flow, EBITDA, dividends, and other critical financial metrics
• Employ multiple valuation methodologies (DCF, relative multiples, sum-of-parts, etc.) to establish justified target prices and determine fair value ranges
• Develop and maintain proprietary financial models that incorporate sensitivity analysis and scenario testing to account for various economic and industry-specific conditions
• Implement rigorous due diligence processes, including thorough analysis of financial statements, regulatory filings, and corporate disclosures
• Integrate the firm's quantitative tools into fundamental analysis, including Company Quality Scores, Dividend Quality Scores, and proprietary valuation metrics

Industry Expertise & Market Intelligence

• Establish well-founded views on industry trends, competitive dynamics, and structural shifts to better estimate company fundamentals and identify emerging opportunities
• Maintain deep knowledge of sector-specific metrics, KPIs, and performance benchmarks critical to evaluating companies within coverage universe
• Attend industry conferences, trade shows, and investor events to gather firsthand intelligence and expand professional network
• Develop and maintain relationships with company management teams, conducting regular meetings and site visits to gain deeper operational insights
• Extract critical information from earnings calls, investor presentations, and corporate communications to inform investment theses
• Leverage sell-side research selectively while maintaining independent analysis and perspective
• Monitor ESG factors, regulatory developments, technological disruption, and other thematic trends affecting sector dynamics

Investment Recommendations & Communication

• Generate high-conviction investment ideas supported by thorough analysis and clearly articulated investment theses
• Present research findings and investment recommendations to portfolio managers and the Investment Strategy Committee
• Develop comprehensive sector and company reports with detailed financial analysis, qualitative assessment, and specific actionable recommendations
• Provide regular updates on existing holdings, including thesis validation, potential risks, and changing market conditions
• Collaborate with portfolio managers to determine optimal position sizing, entry/exit points, and risk parameters for recommended investments
• Maintain awareness of portfolio context and overarching investment strategy when formulating sector allocations and stock recommendations

Client and Team Engagement

• Serve as a subject matter expert in client meetings, articulating sector views and individual investment theses with clarity and conviction
• Contribute to the firm's thought leadership through writing research publications, market commentaries, and participating in client-facing webinars
• Mentor junior analysts, providing guidance on research methodology, financial modeling, and professional development
• Collaborate with cross-functional teams to ensure research insights are effectively integrated into portfolio management decisions
• Participate in firm-wide initiatives to enhance research capabilities, technological infrastructure, and investment processes

QUALIFICATIONS

Required Qualifications

• Master's degree in Finance, Economics, Business Administration, or related field
• Minimum 10 years of equity research experience with demonstrated sector expertise
• Minimym 10 years of financial modeling skills and proficiency in valuation methodologies
• Chartered Financial Analyst (CFA) charterholder certification 
• FINRA Series 7 and 63 or 66 licenses (or the ability to obtain)

Preferred Qualifications

• 15+ years of relevant experience in equity research or investment analysis
• Experience across multiple industries within primary sector
• Track record of generating alpha through fundamental research
• Advanced degree or specialized certification in sector-specific discipline (e.g., technology, healthcare, energy, underlying commodities)
• Experience with alternative data sources and quantitative analysis techniques
• History of accurate earnings forecasts and price target achievements

Skills and Attributes

• Superior critical thinking and independent judgment
• Intellectual curiosity and continuous learning mindset
• Ability to synthesize complex information into clear, actionable insights
• Self-motivated with excellent time management and prioritization abilities
• Comfort with ambiguity and ability to make decisions with incomplete information
• Collaborative team player who can also work autonomously
• Unwavering commitment to fiduciary responsibility and ethical standards
• Resilience and adaptability in rapidly changing market environments
• Exceptional analytical capabilities and attention to detail
• Outstanding written and verbal communication skills

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks .

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us .

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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