Research Associate at Tanzania Securities Limited (TSL) October 2026

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.

THE ROLE

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”.

Tanzania Securities Limited  •  2nd Floor Alfa Plaza, Dar es Salaam  •  Tomorrow, Today

TSL is an equal-opportunity employer. Only shortlisted candidates will be contacted. Shortlisting is on rolling basis.

How to Apply:

Job type Full-time Job, To submit your application, please follow the link provided below.

CLICK HERE TO APPLY