Equity Research Analyst - Banks (Vice President)

About this role

Citi Research is seeking a Vice President Equity Research Analyst to join the Banks research team , contributing to differentiated, high-quality investment research for institutional clients globally.

This is an opportunity to take on a highly visible role within a dynamic sector at the center of evolving interest rate environments, credit cycles, capital and liquidity trends, regulatory developments, technological disruption, and changing competitive dynamics across financial services.

The Research Analyst will play an integral role across the full research process, from developing investment theses and maintaining sophisticated financial models to producing actionable research, engaging with company management teams, and communicating investment views to institutional investors.

The role requires strong analytical judgment, intellectual curiosity, and the ability to translate complex financial, industry, and macroeconomic developments into clear and differentiated investment insights.

Responsibilities: • Conduct in-depth fundamental research and financial analysis across companies within the Banks sector, identifying key earnings drivers, catalysts, risks, and emerging industry themes.

• Develop differentiated investment theses and actionable investment ideas based on company fundamentals, industry dynamics, macroeconomic trends, regulatory developments, and market conditions.

• Build, maintain, and enhance detailed financial models, including earnings forecasts, valuation frameworks, scenario analysis, and sensitivity analysis.

• Author and contribute to high-quality research publications, including company updates, earnings analysis, thematic research, industry reports, and initiation reports.

• Monitor company, sector, regulatory, and macroeconomic developments and assess their implications for covered companies and investor positioning.

• Engage with institutional investors, responding to research inquiries and communicating investment views, industry developments, and company-specific insights.

• Build and maintain relationships with company management teams, industry participants, and other relevant market contacts to deepen the team’s research perspective.

• Participate in company meetings, investor events, industry conferences, analyst days, and other research-related events.

• Partner closely with colleagues across Research, Sales, Trading, and other areas of Citi to deliver timely and differentiated insights to clients.

• Identify and incorporate new data sources, analytical techniques, and emerging technologies, including AI-enabled research tools, to enhance research quality and efficiency.

• Establish yourself as a subject matter expert within the Banks sector and contribute to the continued development of Citi’s research franchise.

• Provide informal leadership within the team, including mentoring and supporting junior colleagues and contributing to their professional development.

• Appropriately assess risk when making business decisions, demonstrating sound judgment and maintaining the highest standards of integrity, transparency, and compliance with applicable laws, regulations, and Citi policies.

Required Qualifications & Skills • 6–10 years of relevant professional experience, ideally within equity research, investment banking, asset management, financial services, or another closely related investment research function.

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.

• Strong understanding of financial statements, accounting principles, valuation methodologies, and fundamental investment analysis.

• Demonstrated ability to develop and communicate investment theses through high-quality written research and verbal presentations.

• Advanced financial modeling and analytical skills, with the ability to evaluate complex financial institutions and identify key earnings and valuation drivers.

• Strong understanding of financial markets and the macroeconomic, regulatory, and competitive factors affecting the banking sector.

• Excellent written and verbal communication skills, with the ability to translate complex analysis into clear and compelling investment narratives.

• Ability to engage confidently with institutional investors, company management teams, and senior internal stakeholders.

• Strong intellectual curiosity, commercial judgment, attention to detail, and ability to manage multiple priorities in a fast-paced, time-sensitive environment.

• Demonstrated ability to work collaboratively while taking ownership of research deliverables and investment views.

• Securities licenses as required by the role, or ability to obtain applicable licenses.

Beneficial Skills & Qualifications • Experience using Bloomberg Terminal, FactSet, Capital IQ, or similar financial platforms.

• CFA designation or progress toward the CFA is preferred, but not required.

• Prior experience or demonstrated expertise in Banks, Financial Institutions, or the broader Financial Services sector.

• Strong understanding of bank-specific financial and valuation metrics, regulatory considerations, credit trends, and capital markets dynamics.

• Experience engaging with institutional investors, company management teams, or other senior market participants.

• Experience mentoring or supporting junior research professionals is a plus.

What We Offer

At Citi, you will work alongside a team of experienced research professionals operating at the forefront of the global technology sector, with access to the resources, relationships, and reach of one of the world's leading financial institutions.

We are committed to supporting your long-term career growth, professional development, and overall wellbeing. • Hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility and structure in equal measure.

• Strategic influence over how Citi's Technology & Communications research reaches institutional clients and

Similar jobs

• Equity Capital Markets - Vice President — MUFG · New York, NY
• Equity Research Associate - Banks (St. Petersburg) — Raymond James · Saint Petersburg, Florida - United States
• Equity Research Supervisory Analyst — Btig27 · Remote
• Investment Banking Vice President - Business & Financial Services — MUFG · Charlotte, NC
• Investment Banker - M&A Vice President — Deutsche Bank · New York, 1 Columbus Circle
• Investment Banking and Capital Markets – Banker – Consumer and Business Services- Vice President — Deutsche Bank · New York, 1 Columbus Circle
• Equity Analyst — Commerce Bank · MO - Kansas City Downtown/Plaza - Kansas City - KC Downtown Bank Building (1000 Walnut) (64106)
• Investment Banking Operations Officer (Vice President / Executive Director) - New York — Morgan Stanley · New York, New York, United States