Principal - Buy-Side Research (Financials (BFSI) & Services)

Company Overview

SAMCO Asset Management is a systematic, momentum-driven Asset Management Company (AMC). Our portfolios are constructed and rebalanced by models, not by opinion — there are no star fund managers here, and we do not want any. The discipline of our approach is summarized by three guiding principles: Follow Momentum. Trust the System. Never Override.

Job Summary

The Principal in Buy-Side Research will play a crucial role in supporting the Investment Committee by providing early signals and insights into investment opportunities in the Financials and Services sectors. The position is pivotal in identifying investment ideas before they are confirmed by models, ensuring that the Committee can act promptly with the best information available. This role is P&L adjacent and focuses on delivering actionable insights rather than traditional research outputs.

Responsibilities

• Network Building: Establish and maintain genuine, two-way relationships with analysts, desks in BFSI and services sectors, and the Investor Relations and management teams of relevant companies.
• Idea Origination: Generate buy ideas on stocks within the investable universe that are not yet included in SAMCO portfolios and present these cases before models flag them.
• Risk Management: Raise sell and risk flags on current holdings where evidence suggests potential momentum shifts, presenting well-argued contrary views as necessary.
• Advocacy: Present and defend investment ideas, both long and short, before the Investment Committee, ensuring they are decision-ready.
• Performance Tracking: Keep records of flagged ideas, comparing them to model confirmations to assess lead time and performance.

Qualifications

• Experience: 6 – 7 years minimum in buy-side or sell-side analysis, with significant market experience since 2019 or earlier.
• Education: CA, CFA, or MBA (Finance) from a top-tier program preferred, though a strong track record takes precedence.
• Networking: A deep and active network within the sector with established connections on the sell-side and with management teams.
• Market Knowledge: Strong understanding of credit growth, asset quality, deposit trends, regulatory changes, and other dynamics critical to the BFSI sector.
• Analytical Skills: Ability to form and communicate strong investment views confidently to the Investment Committee.
• Performance Measurement: Comfort with being assessed based on lead time and alpha generated, rather than traditional output measures.

Preferred Skills

• In-depth knowledge of various financial regulations and macroeconomic factors affecting the BFSI and services sectors.
• Experience in a performance measurement-driven organization.
• Strong interpersonal and communication skills for effective presentation and advocacy.

Experience

• Minimum 6 – 7 years of relevant experience in investment analysis, ideally within the BFSI sector.

Environment

• This position is based in-office in Mumbai. A focus on relationship building and active participation in market analysis is essential.

Salary

• Competitive compensation commensurate with experience. Specific salary range not provided.

Growth Opportunities

• This role offers a clear path to Partner or Senior Partner positions, entirely performance-linked, measured on buy lead time, sell lead time, and realized alpha.

Benefits

• Benefits specifics not provided.