Associate Analyst, Equity Research (SMID)

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One of Canadas Most Trusted Investment Brands.

AtPicton Mahoney Asset Management (PICTON Investments)being alternative isnt just what we doits who we are.

Founded by industry pioneer David Picton weve spent 20 years challenging conventional wisdom and redefining the investing landscape. As one of Canadas most trusted investment brands we are proudly independentprivately run 100% employee-owned and deeply committed to delivering results for our clients.

Thinking Alternatively is in Our DNA.

With a team of 207 bold thinkersone-third dedicated solely to investment managementwe are specialists not generalists. Managing $16.6 billion (as of December 31 2025) for institutional and retail clients we navigate markets with conviction resilience and a forward-thinking approach.

Were more than investors were innovators. We challenge traditional investment mindsets constantly pushing the boundaries to achieve our mission: To bring greater certainty to investors.

Our success is built on four guiding principles:

• Treat investors money like our own.
• Redefine the way investors invest.
• Be humanalways approachable.
• Succeed together one investment at a time.

These arent just wordsthey define how we think how we invest and how we work.

Now were entering our next chapter. Were transforming our brand and reshaping the way the world invests. If you think alternatively embrace an entrepreneurial spirit and thrive in a dynamic bureaucracy-free environment join us and be part of whats next.

Thriving in Our Entrepreneurial Culture

AtPICTON Investments youll thrive in our creative and dynamic workplace where collaboration and support are at the core of everything we do. At our firm youll have the opportunity to take on significant responsibilities work in a flexible environment and tackle challenging projects from the outset. Our culture is designed for ambitious professionals who want to make an immediate impact while continuing to push boundaries and achieve our greater mission. Youll be empowered with a high level of responsibility trust and flexibility providing an exciting and creative space for you to help reshape how the world views alternative investments. With competitive total rewards performance-based bonuses and a clear path for career growth youll have everything you need to develop both now and over the longer term.

The Opportunity

We are seeking a highly motivated and intellectually curious Associate Analyst Equity Researchto join our dynamic investment this role youll play a key part in identifying and analyzing equity opportunities across global markets to help shape the firms portfolios. This is an exciting opportunity for a driven individual with a passion for investment research strong analytical skills and a desire to grow within a high-performing and collaborative environment.

As a successful candidate youll bring a fresh innovative perspective and a strong foundation in equity research. Youll work closely with analysts and portfolio managers contributing to differentiated investment strategies that help position Picton Mahoney as a leader in the asset management industry.

Youll have the opportunity to lead and learn:

Equity Research & Analysis

• Conduct in-depth research and analysis on public equities across various sector specially US small or mid cap research.
• Develop and present long and short investment theses in alignment with analyst and portfolio manager initiatives.
• Build and maintain detailed financial models and perform valuation analysis.

Portfolio Monitoring & Strategic Support

• Analyze quarterly results earnings calls and relevant company disclosures.
• Stay informed on industry trends macroeconomic developments and geopolitical events that may influence investment decisions.
• Monitor and assess existing portfolio holdings for changes in investment thesis.

Collaboration & Communication

• Work closely with portfolio managers and analysts to communicate findings and investment ideas.
• Support the broader investment team on portfolio construction implementation and risk monitoring.
• Present research insights and recommendations clearly and concisely.

What were looking for

• Undergraduate or graduate degree in Business Finance Science or related discipline.
• CFA designation in the process of obtaining or equivalent.
• 1-3 years relevant experience in equity research investment banking or a related analytical field.
• Solid understanding of business models financial accounting and valuation techniques.
• Advanced Excel and financial modeling skills.
• Ability to articulate investment recommendations and insights.
• Natural intellectual curiosity and a growth-oriented mindset aligned with core values of ethics and collaboration.
• Proven capability to deliver high-quality work under tight deadlines in a highly dynamic environment.
• Excellent time management problem solving and verbal and written communication skills.
• Demonstrated ability to work independently while effectively Contributing to team objectives.
• Approaches their career with a positive and growth-oriented mindset that radiates a natural passion enthusiasm and core personal values that respect others and ethics.
• Experience in long and short equity investment is considered an asset.

Our Commitment to Employees

AtPICTON Investments we take pride in enhancing our employees experiences through a comprehensive suite of exceptional perks and programs. Our benefits include corporate fitness reimbursement and discounts VersaFi memberships (formerly Women in Capital Markets) Picton investment counseling and portfolio management services volunteer and charitable donation matching maternity and parental leave top-up recognition awards semi-annual performance bonuses a generous annual vacation entitlement (minimum of 15 days per year) training and development reimbursement extensive health and dental benefits a healthcare spending account and more.

These offerings are designed to support your career growth well-being and overall success. Join us and thrive in an environment that values and invests in you!

PICTON Investmentsis committed to providing an equitable and fair work environment for everyone and all hiring and other personnel actions will be taken without regard to race colour creed religion sex disability gender identity gender expression family status age language or national origin. We welcome applications from candidates with diverse experiences globally. Canadian experience is not required. If you require an accommodation at any point in time throughout the application and hiring process please contact Human Resources at or at.

PICTON Investmentsdoes not accept unsolicited resumes emails calls or any other form of communication from third-party recruitment agencies. Any unsolicited outreach including commercial electronic messages will neither be acknowledged nor considered.

Please note: We use AI-assisted tools to support parts of our recruitment process including summarizing interview notes and aligning candidate profiles with job requirements. All decisions are made by our hiring team.

Required Experience:

Manager