Research Analyst - Equities

About the role

Janus Henderson Investors is looking for a Research Analyst focused on equities to support its Absolute Return Equities team in London. The role is centered on producing rigorous investment research that helps monitor current holdings and uncover new ideas with an absolute return perspective.

The firm’s purpose is to help clients achieve better financial outcomes through differentiated insight, disciplined investing, and strong service. Its culture is shaped by five core values: clients come first, execution matters more than intention, success is achieved together, diversity strengthens outcomes, and honesty builds trust.

What you will do

• Carry out detailed fundamental research on sectors and individual stocks to support existing positions and generate fresh trade ideas.
• Meet with sell-side analysts, company leadership, and broker conference participants to deepen investment insight.
• Write thorough research notes and regularly present recommendations and views to the wider team.
• Spot return opportunities that fit an absolute return investing approach.
• Use valuation methods such as discounted cash flow analysis, with particular focus on protecting downside risk.
• Pressure-test assumptions across different macroeconomic and market environments.

Working environment and benefits

• The team follows a hybrid model, with new joiners generally expected to be in the London office four days each week.
• Holiday allowance is generous.
• Health and wellbeing support is strong, including corporate access to ClassPass.
• Employees receive paid volunteer time to contribute to the community.
• Professional growth is supported through courses, tuition or qualification reimbursement, and other learning options.
• The company promotes an inclusive approach to diversity, equity, and inclusion.
• Family-focused support includes maternal and paternal leave benefits plus family services.
• Staff receive a complimentary subscription to Headspace.
• Team networking and social events are available to employees.
• A lunch allowance can be used in the subsidized onsite canteen.
• The position may qualify for an annual discretionary bonus from the profit pool, based on company, department, team, and individual performance.
• A competitive total rewards package is available to eligible employees and includes compensation, pension or retirement plans, and health, wellbeing, and lifestyle benefits.

Skills and experience required

• Strong equity research and financial modelling background, ideally gained over at least three years in sell-side or buy-side research.
• Solid knowledge of at least one European equities sector.
• A university degree in any discipline.
• Self-motivation, independent judgment, and a strong work ethic.
• High-level analytical ability with close attention to detail.
• Ability to handle multiple priorities and quickly process large volumes of information.
• Comfort with pressure and setbacks, combined with genuine enthusiasm for investing.
• Proficiency with Microsoft Excel, Word, and PowerPoint.
• Working knowledge of Bloomberg and similar market data systems.
• For candidates in scope of MiFID II Knowledge & Competence, understanding of financial markets, how they function, and the effects of economic and market events.
• Awareness of market abuse and anti-money laundering issues.
• Annual attestation is required where applicable.

Additional information

The role has no supervisory responsibility. Mentoring, leadership development programmes, regular training, career development services, and continuing education courses may be available for growth. The company expects employees to understand and follow all relevant regulatory obligations, entity requirements, and internal policies.

Janus Henderson Investors is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Background checks apply to all applications.

The firm will not keep or sponsor industry registrations or licences unless supported by the job’s responsibilities, at the company’s discretion. Employees must also follow the Investment Advisory Code of Ethics, including rules on personal securities activity and related disclosures and certifications. Past political contributions or political activity may affect eligibility for this position.

Reasonable accommodations can be discussed during recruitment. The company welcomes applicants from all backgrounds and is open to discussing flexible working within its hybrid environment.