Citigroup, Inc

Equity Research Analyst - Banks (Vice President)

Citigroup, Inc$175K — $250K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 6-10 years of relevant experience in equity research, investment banking, or asset management.
  • Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
  • Strong understanding of financial statements and fundamental investment analysis.
  • Demonstrated ability to develop and communicate investment theses through high-quality research.
  • Advanced financial modeling and analytical skills with a focus on financial institutions.
  • Excellent written and verbal communication skills to convey complex analyses succinctly.
  • Ability to engage confidently with institutional investors and management teams.

Responsibilities

  • Conduct in-depth fundamental research and financial analysis on companies in the Banks sector.
  • Develop differentiated investment theses and actionable investment ideas.
  • Build and maintain detailed financial models, including earnings forecasts and valuations.
  • Author high-quality research publications and thematic reports.
  • Monitor macroeconomic and regulatory developments relevant to the sector.
  • Engage with institutional investors to communicate investment views and research findings.
  • Build relationships with company management teams and industry participants.

Benefits

  • Hybrid working model with flexibility between office and remote work.
  • Strategic influence over research and its impact on global market perspectives.
  • Access to senior leadership and cross-functional collaboration opportunities.
  • Ongoing professional development and support for advanced qualifications.
  • Wellbeing support and resources for work-life balance.
  • Competitive employee benefits, including medical, dental, and wellness programs.
Full Job Description
Citi Research is seeking a Vice President Equity Research Analyst to join the Banks research team, contributing to differentiated, high-quality investment research for institutional clients globally.

This is an opportunity to take on a highly visible role within a dynamic sector at the center of evolving interest rate environments, credit cycles, capital and liquidity trends, regulatory developments, technological disruption, and changing competitive dynamics across financial services.

The Research Analyst will play an integral role across the full research process, from developing investment theses and maintaining sophisticated financial models to producing actionable research, engaging with company management teams, and communicating investment views to institutional investors.

The role requires strong analytical judgment, intellectual curiosity, and the ability to translate complex financial, industry, and macroeconomic developments into clear and differentiated investment insights.

Responsibilities:
  • Conduct in-depth fundamental research and financial analysis across companies within the Banks sector, identifying key earnings drivers, catalysts, risks, and emerging industry themes.
  • Develop differentiated investment theses and actionable investment ideas based on company fundamentals, industry dynamics, macroeconomic trends, regulatory developments, and market conditions.
  • Build, maintain, and enhance detailed financial models, including earnings forecasts, valuation frameworks, scenario analysis, and sensitivity analysis.
  • Author and contribute to high-quality research publications, including company updates, earnings analysis, thematic research, industry reports, and initiation reports.
  • Monitor company, sector, regulatory, and macroeconomic developments and assess their implications for covered companies and investor positioning.
  • Engage with institutional investors, responding to research inquiries and communicating investment views, industry developments, and company-specific insights.
  • Build and maintain relationships with company management teams, industry participants, and other relevant market contacts to deepen the team's research perspective.
  • Participate in company meetings, investor events, industry conferences, analyst days, and other research-related events.
  • Partner closely with colleagues across Research, Sales, Trading, and other areas of Citi to deliver timely and differentiated insights to clients.
  • Identify and incorporate new data sources, analytical techniques, and emerging technologies, including AI-enabled research tools, to enhance research quality and efficiency.
  • Establish yourself as a subject matter expert within the Banks sector and contribute to the continued development of Citi's research franchise.
  • Provide informal leadership within the team, including mentoring and supporting junior colleagues and contributing to their professional development.
  • Appropriately assess risk when making business decisions, demonstrating sound judgment and maintaining the highest standards of integrity, transparency, and compliance with applicable laws, regulations, and Citi policies.


Required Qualifications & Skills
  • 6-10 years of relevant professional experience, ideally within equity research, investment banking, asset management, financial services, or another closely related investment research function.
  • Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
  • Strong understanding of financial statements, accounting principles, valuation methodologies, and fundamental investment analysis.
  • Demonstrated ability to develop and communicate investment theses through high-quality written research and verbal presentations.
  • Advanced financial modeling and analytical skills, with the ability to evaluate complex financial institutions and identify key earnings and valuation drivers.
  • Strong understanding of financial markets and the macroeconomic, regulatory, and competitive factors affecting the banking sector.
  • Excellent written and verbal communication skills, with the ability to translate complex analysis into clear and compelling investment narratives.
  • Ability to engage confidently with institutional investors, company management teams, and senior internal stakeholders.
  • Strong intellectual curiosity, commercial judgment, attention to detail, and ability to manage multiple priorities in a fast-paced, time-sensitive environment.
  • Demonstrated ability to work collaboratively while taking ownership of research deliverables and investment views.
  • Securities licenses as required by the role, or ability to obtain applicable licenses.


Beneficial Skills & Qualifications
  • Experience using Bloomberg Terminal, FactSet, Capital IQ, or similar financial platforms.
  • CFA designation or progress toward the CFA is preferred, but not required.
  • Prior experience or demonstrated expertise in Banks, Financial Institutions, or the broader Financial Services sector.
  • Strong understanding of bank-specific financial and valuation metrics, regulatory considerations, credit trends, and capital markets dynamics.
  • Experience engaging with institutional investors, company management teams, or other senior market participants.
  • Experience mentoring or supporting junior research professionals is a plus.


What We Offer

At Citi, you will work alongside a team of experienced research professionals operating at the forefront of the global technology sector, with access to the resources, relationships, and reach of one of the world's leading financial institutions.

We are committed to supporting your long-term career growth, professional development, and overall wellbeing.
  • Hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility and structure in equal measure.
  • Strategic influence over how Citi's Technology & Communications research reaches institutional clients and shapes market perspectives globally.
  • Access to senior leadership, global industry networks, and cross-functional collaboration across Citi's research and investment banking franchise.
  • Ongoing learning and professional development opportunities, including support for advanced qualifications and continuing education.
  • Wellbeing support and work-life balance resources designed to sustain long-term performance and personal resilience.
  • Competitive compensation and financial wellbeing benefits, including access to Citi's broader employee financial programmes.


Apply today and take the next step toward building your career in Equity Research at Citi.

Job Family Group:
Research

Job Family:
Research Analysis

Time Type:
Full time

Primary Location:
New York New York United States

Primary Location Full Time Salary Range:
$175,000.00 - $250,000.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills
Please see the requirements listed above.

Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.

Anticipated Posting Close Date:
Aug 20, 2026

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents - AI Notice and Right

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ

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