Analyst, Equity Capital Markets

Equity Capital Markets Overview

The Equity Capital Markets (ECM) group at TD Securities is hiring for analyst positions. TD Securities is a leading advisor and underwriter in the global equity capital markets. The ECM team partners closely with investment banking coverage, sales and trading, and equity research to advise corporate clients on equity financings, equity-linked transactions, market positioning, and investor engagement across all market cycles. ECM Products include initial public offerings (IPOs), follow‑on and secondary offerings, private placements, at‑the‑market transactions, convertible and equity‑linked securities, structured equity solutions, and related equity derivatives.

What makes Capital Markets right for you?

• Capital markets is a hybrid job that intersects the transaction-oriented nature of banking and the market-facing aspects of sales and trading. These roles combine the technical, client-focused and project-based work found in banking, with the fast-paced, market-driven environment of a sales and trading desk.
• We sit at the heart of the organization, between investment banking coverage, sales and trading, and equity research.
• The role is dynamic, with each day different than the day before depending on news flow, market conditions, and macro events.
• Our flat organization and highly collegial structure has analysts sitting on trading-style desks adjacent senior bankers to foster learning, client interaction, and relationship building.
• Lean deal teams allow each member to do real work and gain meaningful client exposure from origination through execution. You will play an integral role in the deal cycle from beginning to end including ownership of pitches, deal documentation, sales memos, marketing, due diligence, execution, and pricing.
• TD Securities Global Capital Markets business provides a strong and immersive mentorship program that will deliver all the tools necessary for you to succeed as a full-time analyst.

Who We Are Looking For

• Experienced analysts and recent college graduates.
• Authorized to work in the United States.
• Results-driven personalities, with proven academic excellence and strong interpersonal skills.
• High ethical and professional standards.
• Strong financial and analytical skills, including knowledge of MS Excel.
• Ability to lay out nuanced concepts clearly in written materials using PowerPoint and Word.
• Ability to work effectively in a team environment and independently.
• Proactive and highly motivated personalities.
• Detail-oriented minds with intellectual curiosity and strong problem-solving skills.
• The ability to work independently with minimal supervision and establish own priorities.
• Communication: timely updates, clear and concise messaging, asking relevant questions.
• Strong attention to detail: identifying and understanding transactional nuances.
• Self-driven, have pride of ownership in her/his work product, and show intellectual curiosity in financial market concepts.

Beneficial Experience

• Series 7, 79, SIE, and 63 licenses. Those without these qualifications will be required to obtain them.
• Experience in the financial industry, including familiarity with capital markets, accounting and corporate finance.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.