Tanzania Securities Limited (TSL) is a CMSA-licensed broker-dealer, fund manager and Dar es Salaam Stock Exchange (DSE) Licensed Dealing Member. As we deepen our research and advisory capability, we are seeking a driven, analytically rigorous Research Associate to help drive our equity research, sector analysis and market-intelligence function, and to contribute directly to advisory mandate origination and deal support.
Reporting to the Head of Research & Advisory, the Research Associate takes ownership of research coverage for assigned sectors, produces analyst-quality research reports and thematic investment notes, and provides cross-departmental analytical support to Global Markets and Asset & Wealth Management. The role operates with increasing autonomy and is developed toward Senior Research Associate designation.
KEY RESPONSIBILITIES
- Independently develop and maintain earnings, valuation and financial models (DCF, comparables and scenario-based techniques) for assigned sector coverage.
- Produce analyst-quality equity research reports, sector briefs and thematic investment notes, translating fundamental, profitability and macroeconomic analysis into actionable buy/hold/sell recommendations.
- Provide research input for advisory mandates — client pitches, information memoranda, feasibility studies and valuation reports across M&A, IPOs, bond issuances and private placements.
- Present research findings to clients and at investor forums, and maintain local, regional and international investor databases.
- Present at least one thematic research note to management each quarter and ensure full compliance with TSL policies and the CMSA/DSE regulatory framework.
- Mentor graduate trainees and collaborate with Global Markets, Asset & Wealth Management and Fund Management teams to keep research relevant and timely
MINIMUM REQUIREMENTS
- Bachelor’s degree in Finance, Economics, Business Administration or a related field.
- 2–3 years’ relevant experience in financial research, investment analysis or capital markets.
- Strong financial-modelling and quantitative skills, with proficiency in Microsoft Excel, PowerPoint and Word.
- Excellent written and verbal communication, with the ability to produce publication-standard research.
- Knowledge of equity and fixed-income markets and an understanding of the CMSA/DSE regulatory environment.
ADDED ADVANTAGE
- CFA Level I candidate or registered (Level II/III progression preferred); FMVA or an equivalent financial-modelling certification.
- Demonstrated valuation experience (DCF, comparables) and a track record of published research and investor communications.
- Sector specialisation in banking, fund Managers, Stock Brokers etc
HOW TO APPLY
Submit your application online using the TSL application form: https://forms.gle/uHd1JYMaDFChKUM26.
Application deadline: Friday, 16 October 2026
For any queries, contact hr@tsl.co.tz. You may also email your CV to hr@tsl.co.tz quoting “Research Associate Application”.
