ECM Fundamental Analyst

Paris, 75, FR

ABOUT CFM

Founded in 1991, we are a global quantitative and systematic asset management firm applying a scientific approach to finance to develop alternative investment strategies that create value for our clients.
We value innovation, dedication, collaboration, and the ability to make an impact. Together, we create a stimulating environment for talented and passionate experts in research, technology, and business to explore new ideas and challenge existing assumptions.

YOUR ROLE

CFM is seeking a motivated and curious ECM fundamental analyst to conduct in-depth fundamental analysis of IPO opportunities in EMEA and help CFM form a view on IPOs coming to the market. The candidate needs to be eager to learn about new business models and comfortable navigating diverse topics simultaneously across different geographies and sectors. The candidate will join the newly launched (January 2026) ECM strategy at CFM, will report to the ECM relationship manager and contribute to building our ECM capabilities for the years to come. The position will be Paris based.

KEY RESPONSIBILITIES

IPO Coverage

Help establish CFM as a relevant IPO participant in EMEA
Screen and track the EMEA IPO pipeline, identify new IPO opportunities
Participate in conferences to meet potential IPO candidates early on
Participate in early-look and deep dive meetings with management teams of potential IPO candidates
Conduct in-depth fundamental analysis of upcoming and live EMEA IPOs through preparation of comprehensive investment memos including detailed valuation framework and recommendations

Day-to-Day ECM Coverage

Participate in listed companies' corporate roadshows and investor presentations
Conduct companies' results reporting analysis to evaluate potential block trades opportunities
Drive continuous improvement initiatives to optimize CFM's ability to participate in deals
Track ECM portfolio performance
Actively monitor and share insights on ECM trends and deal flow patterns
Act as reliable back-up to the ECM relationship manager

Cross-Functional Partnerships

Collaborate with partners in Research to develop and finetune investment strategies at ECM level and beyond
Interact with external data vendors to source additional information about potential investment opportunities

Governance & Compliance

Ensure compliance with regulatory requirements, audit standards, and internal controls

YOUR SKILLS

5+ years of experience in fundamental equity research (either sell-side or buy-side)
Proven track record of conducting detailed fundamental analysis of companies (and ideally IPOs)
Strong valuation modelling skills across multiple methodologies (DCF, comparable companies multiples etc.)
Deep understanding of capital markets and in particular IPOs and block trades
Ability to work effectively in a fast-paced, deadline-driven environment
Communication skills with capacity to interact with and build relationships with a broad range of interlocutors, from management teams to sell-side equity research analysts, sector experts, but also brokers, equity advisors and financial sponsors
Business-centric approach with capacity to rapidly analyze and form a view on numerous diverse investment opportunities with rigor and attention to detail
Bachelor's degree required; Master's degree preferred in Finance, Business Administration or related field
Collaborative team player who will integrate easily into a broader team

PREFERABLE BUT NOT ESSENTIAL

Experience in covering midcaps and/or IPOs
Professional certifications (e.g., CFA)

EQUAL OPPORTUNITIES STATEMENT

We are continuously striving to be an equal opportunity employer and we prohibit any discrimination based on sex, disability, origin, sexual orientation, gender identity, age, race, or religion. We believe that our diversity, breadth of experience, and multiple points of view are among the leading factors in our success.
CFM is a signatory of the Women Empowerment Principles.