Equity Research Associate – Power & Utilities

Application Deadline:

04/18/2026

Address:

100 King Street West

Job Family Group:

Customer Solutions

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

BMO Capital Markets is a leading, full-service North American-domiciled financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research, and institutional sales and trading. BMO Capital Markets has approximately 2,700 professionals in 33 locations around the world.

The Equity Research department covers over 925 stocks across diverse sectors, and provides equity strategy, quantitative analysis and portfolio management services to our clients.

Description

We are seeking an Equity Research Associate to join our Power & Utilities team in Toronto. The associate will work closely with the senior analyst and another associate to develop and market all equity research products. The role requires strong analytical / critical thinking skills, a passion for the stock market, keen attention to detail, and a strong work ethic. This position is located in Toronto, Canada.

The work environment involves collaboration, coordination and a shared knowledge base with the analyst and rest of the team but equally values independence, initiative, idea generation, and a sense of ownership for the work.

Responsibilities include, but are not limited to:

-          Building and maintaining detailed company models

-          Analyzing financial statements and news related to industry coverage

-          Generating and maintaining databases, presentations, and research reports

-          Completing of ad hoc information and data requests

-          Communicating investment recommendations to internal and external clients

-          Developing an expertise in the power & utility sector

-          Monitoring and analyzing utility regulatory filings

Experience/Skills

A combination of writing skills, technical knowledge, and skills in equity research, finance, or accounting demonstrated through relevant work and educational experience is required. Prior capital markets or industry experience in the power & utility industry is not required but could be a benefit. Candidates must have a clear and proven track record of achievement throughout their education and career. Other necessary attributes include:

-          Exceptional written and verbal communication skills

-          Strong organizational skills and comfort managing various priorities

-          Client service mindset and ability to prioritize client needs with accuracy

-          Ability to interact professionally with company management teams and clients (analysts and portfolio managers)

-          A keen interest in and demonstrated understanding of Equity Research

-          A positive attitude, intellectual curiosity, the ability to learn quickly, and strong attention to detail

-          Superior work ethic, self-motivation, and the ability to work independently

-          Ability to systematically manage a heavy work load and meet stringent deadlines

-          Flexibility to work irregular and extended hours

-          Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg, and/or FactSet

-          Demonstrated use of AI in the workplace

Education

·         Undergraduate degree with a focus on Business or other quantitative fields

·         CFA designation or enrollment is a strong advantage

We thank all applicants for their interest; however, only those selected for an interview will be contacted.

This job posting is for a current vacancy

Please note the target salary range for this position in Toronto is $110,000 up to $115,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

This job posting is for a current vacancy.

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.