Research Associate, Equity Research

You will work within Bernstein, the global cash equities and equity research joint venture between Societe Generale and AllianceBernstein. Bernstein is widely recognised as a premier global equity research and brokerage firm, with a platform spanning Europe, the US and Asia.

Research is central to Bernstein’s identity and reputation. Its Analysts are recognised industry experts, and its research is known for rigorous investment analysis, detailed financial forecasting and differentiated insights for institutional investors.

Working closely with Bernstein Research Analysts based primarily in London and Paris, you will contribute to the analysis of international companies, stocks and industry themes. As a generalist Research Associate, you may work across different sectors over time, developing broad investment-research capabilities while building deeper expertise in the industries and companies assigned to you.

You will be part of a growing Casablanca-based Research Associate team, working collaboratively with colleagues in Casablanca and with Bernstein Research teams internationally. You will be given meaningful responsibility and will be expected to produce consistently accurate, timely and high-quality work in a demanding and fast-paced environment.

The role requires intellectual curiosity, strong teamwork and personal accountability. You will need to manage competing priorities, respond constructively to changing company, market and client-driven deadlines, and maintain high standards even when working under pressure.

Your responsibilities will include:

• Carrying out detailed financial, company and industry research and analysis
• Developing sector and company expertise by working closely with experienced Research Analysts
• Collecting publicly available information and assessing the reliability and relevance of different data sources
• Analysing financial statements, company disclosures, industry data and other key information
• Building, maintaining and updating detailed, forward-looking financial and valuation models, ensuring that the analysis and outputs meet required quality standards
• Producing accurate, timely and client-ready analysis, models and research materials that meet Bernstein and Group quality standards
• Supporting the development of company forecasts, earnings estimates and investment views
• Contributing to Bernstein’s differentiated written research, including company, sector and thematic publications
• Designing innovative and value-added approaches to collecting, structuring and analysing data
• Monitoring relevant company, market and industry developments and helping the team respond rapidly to new information
• Preparing presentations and other materials for internal and external client discussions, marketing events and investment debates
• Supporting Analysts with bespoke client requests, in accordance with applicable Compliance requirements and marketing guidelines
• Participating in relevant company, industry and investor events, where appropriate
• Building effective working relationships with colleagues across Research, Sales and Trading
• Adhering strictly to internal policies and the regulatory requirements governing the production and distribution of investment research

We make a strong commitment to Associate development. You will have opportunities to build technical and commercial expertise, gain visibility across Bernstein’s global platform and assume greater responsibility as your capabilities develop.

You hold a Bac+5 qualification, or equivalent Master’s-level degree, from an engineering school, business school or university. A specialisation in finance, economics, accounting, mathematics, engineering or another quantitatively rigorous discipline would be advantageous.

You should also demonstrate:

• A genuine interest in financial markets, companies and investment analysis
• Excellent analytical and problem-solving skills, supported by a strong quantitative foundation
• The ability to interrogate information critically and form well-reasoned conclusions
• Strong attention to detail and a commitment to producing consistently accurate, high-quality work
• Intellectual curiosity and a desire to develop deep knowledge of companies and industries
• A proactive approach and the ability to take ownership of work
• Managing competing priorities effectively and responding with agility to company, market and client-driven deadlines
• A strong team orientation and the ability to work collaboratively, responsively and reliably with colleagues across different locations, cultures and areas of expertise
• Excellent written and verbal communication skills in English and French

Experience in financial modelling, valuation, accounting, M&A analysis or investment research would be advantageous. Familiarity with Python, VBA, statistical analysis or other data-analysis tools would also be beneficial.

Progress towards the CFA qualification, or a demonstrable intention to pursue it, would be viewed positively.

We are looking for intellectually curious, highly motivated team players who can thrive in a demanding, fast-paced and collaborative research environment. Successful candidates will combine rigorous analysis and attention to detail with sound judgement, personal accountability and a consistent commitment to delivering high-quality work.

About Bernstein

Bernstein is widely recognised as a premier global equity research and brokerage firm, with a trading platform spanning the US, Europe and Asia. Its research and trading capabilities are used by leading investment managers around the world, and Bernstein has a longstanding reputation for the quality of its research and industry knowledge.

Research is Bernstein’s legacy and foundation. Its brand is defined by its Blackbooks, renowned for their in-depth quantitative forecasts and industry expertise. Bernstein Research Analysts are thought leaders who typically bring many years of direct experience in the industries they cover.

In 2019, Bernstein acquired Autonomous Research, a highly regarded global financial-services research firm. On 1 April 2024, AllianceBernstein and Societe Generale announced the official launch of Bernstein as a joint venture combining Bernstein’s cash equities and research capabilities with Societe Generale’s equity derivatives, prime services and equity capital-markets offering.

Diversity and Inclusion

We are an equal-opportunity employer and are committed to recognising and promoting talent regardless of beliefs, age, disability, ethnicity, nationality, membership of a political, religious, trade-union or minority organisation, or any other characteristic that could be the subject of discrimination.

Societe Generale Global Solution Centre Morocco (SG GSC Morocco) is a subsidiary of the Societe Generale Group and forms part of its international network of Global Solution Centres. Based in Morocco, with a presence in Abidjan, it provides operational, business and technology expertise to support several of the Group's business lines and their transformation. SG GSC Morocco brings together financial, operational and technology capabilities across the value chain, supporting Societe Generale's international Corporate and Investment Banking activities as well as Retail Banking activities in Africa. It offers an international and collaborative working environment focused on professional development, continuous learning, innovation and mobility. Within this framework, SG GSC Morocco hosts teams that provide dedicated services to Bernstein SG.

Bernstein SG is a joint venture between AllianceBernstein and Societe Generale. It combines high-quality independent equity research with cash equity execution services for institutional clients across North America, Europe and Asia-Pacific. The Equity Research team supports Bernstein’s global institutional research franchise, delivering rigorous investment analysis and differentiated insights to institutional investors across Europe, the US and Asia. Its activities include detailed company and industry analysis, financial modelling and valuation, monitoring market and sector developments, and contributing to written research and client-ready materials.

The information collected on this website is processed for the purpose of meeting the recruitment needs of SG GSC Morocco. This data is processed by the company’s internal departments. In accordance with Law No. 09-08, promulgated by Dahir No. 1-09-15 of 18 February 2009, concerning the protection of individuals with regard to the processing of personal data, you have the right to access and rectify your personal information. You may exercise these rights by contacting donnees-personnelles.gsc.morocco@sgcib.com. You may also object, on legitimate grounds, to the processing of your personal data. This data may be transferred abroad. These processing activities have been notified to and authorised by the CNDP under the following numbers: A-RH-239/2019 and T-RH-119/2019.