The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the worlds leading provider of OTC data, and an award winning all-to-all trading platform.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries.  We are 5,200 people strong.  We work as one to achieve our vision of being the worlds most trusted, innovative, liquidity and data solutions specialist.

About TP (Tullett Prebon)

A world-leading intermediary in the wholesale financial and energy markets, Tullett Prebon seeks to maximise value for its clients' trading activities across voice, hybrid and pure electronic channels.

We offer broking services for a wide range of asset classes, including Equities, Credit, FX, Rates and Insurance Derivatives. 

Across all asset classes, Tullett Prebon offers e-solutions to give clients the choice to enter prices and execute trades electronically and directly via one of our hybrid electronic trading systems, or to engage with brokers to help identify and negotiate trades.

Role Overview

TP ICAPs Equity Research platform is a trusted provider of high-quality, independent research across European markets, with a particular strength in Small and Mid-Cap equities. Our MidCap team plays a critical role in identifying under-researched opportunities and delivering differentiated insights to institutional investors across Europe.

As a Finance Analyst within the MidCap Equity Research team, you will support the coverage of Italian and broader European Small and Mid-Cap companies. You will be instrumental in producing insightful, investment-led research, contributing to the development of financial models, and helping to shape market views that inform investor decision-making.

This role offers strong exposure to senior analysts, corporate management teams, and institutional clients. It is well-suited to an intellectually curious, detail-oriented individual looking to build a long-term career in equity research within a fast-paced, high-performance environment.

Role Responsibilities

• Support coverage of Italian and European Small and Mid-Cap companies across selected sectors

• Build, maintain, and enhance detailed financial models and valuation frameworks

• Contribute to the preparation of high-quality research publications, including earnings notes, sector reports, and thematic pieces

• Analyse company financials, industry trends, and macroeconomic developments to form robust investment views

• Attend company results presentations, investor meetings, and industry conferences, summarising key insights

• Work closely with senior analysts to develop differentiated investment recommendations

• Effectively communicate investment ideas and market views to internal Sales teams and institutional clients

• Monitor equity markets, news flow, and relevant developments impacting covered sectors and companies

• Support the production of written research outputs, ensuring accuracy, clarity, and timeliness

Experience / Competences

Essential

• Minimum 1 year of relevant experience in Equity Research (sell-side or buy-side), including internships

• Masters degree in Finance, Economics, or a related discipline

• Fluency in French (mandatory), with proven written and verbal communication skills

• Fluent in English and Italian (written and spoken)

• Proven financial analysis and modelling skills, with a solid understanding of valuation methodologies

• Excellent written communication skills, with the ability to produce clear, concise, and insightful research

• Commercial mindset with the confidence to articulate and defend investment views, balanced with intellectual humility

• Demonstrated interpersonal and networking skills, with the ability to build effective professional relationships

• High level of motivation, resilience, and ability to perform under pressure in a fast-paced environment

• Proficiency in Microsoft Office (Excel, PowerPoint); experience with FactSet or similar platforms is advantageous

Desired

• Demonstrated interest in European Small and Mid-Cap equity markets

• Experience covering Italian equities or relevant sector exposure

• Familiarity with ESG / extra-financial analysis frameworks and data platforms

• Progress towards, or interest in pursuing, a professional qualification (e.g., CFA)

• Strong attention to detail with a commitment to high-quality output

• Ability to synthesise complex information into clear, actionable insights

Job Band & Level

• Professional / 4

#TP #LI-ASO #LI-Onsite

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. 

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