Associate / Senior Associate, Industry and Equity Research

About the role

DBS is looking for a self-driven Associate or Senior Associate to join its Research team, supporting multi-sector equity research coverage across regional markets. The role works closely with senior analysts to produce institutional-grade research on companies in sectors such as real estate, financials, industrials and consumer, with an Asia-Pacific / Southeast Asia mandate. It combines financial modelling, sector analysis and increasingly AI-augmented research workflows.

Key responsibilities

• Support senior analysts in producing company and sector research notes, initiation reports and thematic pieces
• Build and maintain financial models (DCF, comps, SOTP) and earnings forecasts
• Track quarterly results, announcements and sector news, flagging material developments
• Carry out due diligence, including channel checks, site visits and management engagement
• Help prepare investor materials: research decks, factsheets, sector dashboards and valuation tables
• Monitor regional peers and cross-market read-throughs
• Contribute to house-view thematic research and portfolio strategy pieces
• Maintain data accuracy across internal databases, screens and consensus trackers
• Support ad hoc requests from sales, trading and institutional clients

Required profile

• Relevant experience in equity research, investment banking, asset management or a related analytical role
• Bachelor's degree in Finance, Economics, Accounting, Business or a related field
• CFA (in progress or completed) or equivalent professional qualification preferred
• Strong written and verbal communication, able to turn complex analysis into clear research
• Regional market awareness (Singapore and broader Asia-Pacific)
• Ability to handle multiple coverage names and deadlines in a fast pace, with attention to detail in a regulated, compliance-driven environment

Required skills

• Financial modelling and valuation (DCF, trading/transaction comps, SOTP)
• Understanding of financial statements and accounting principles
• Advanced Excel; familiarity with Bloomberg, FactSet, Capital IQ or similar platforms
• PowerPoint for client-ready presentations
• Practical experience using AI tools (e.g. Claude, ChatGPT, Copilot) for research workflows, with comfort integrating them into a compliant, fact-checked process