Loubna Naciri

Conducted market research and target sourcing across niche B2B verticals, including specialized real estate services, HVAC, smart grids, and utility infrastructure. Built investment theses, sector maps, and company databases to support deal origination and screening of acquisition opportunities in the lower-middle market. Analyzed CIMs and prepared scorecards evaluating business model quality, growth potential, margins, working capital, downside protection, and strategic fit with Evolis Capital's mandate.

R&D Analyst in Private Equity - Evolis Capital - Montréal, QC

(2026-03)

• Conducted market research and target sourcing across niche B2B verticals, including specialized real estate services, HVAC, smart grids, and utility infrastructure.
• Built investment theses, sector maps, and company databases to support deal origination and screening of acquisition opportunities in the lower-middle market.
• Analyzed CIMs and prepared scorecards evaluating business model quality, growth potential, margins, working capital, downside protection, and strategic fit with Evolis Capital's mandate.
• Leveraged Bloomberg, industry reports, and market comparables to identify acquisition themes applicable to private markets.

Intern, Trading – Interest Rate Derivatives - Banque Nationale – Marchés financiers - Montréal, QC

(2024-05 - 2024-07)

• Developed a swap pricing tool incorporating yield curve construction and calibration on real-time market data.
• Monitored interest rate markets and macroeconomic releases.
• Performed real-time transaction tracking and shadow pricing using an internal model, Bloomberg, and Murex.

Intern, Risk Management - Banque Nationale – Marché des capitaux et Trésorerie - Montréal, QC

(2022-09 - 2023-08)

• Analyzed and interpreted market risk data to support daily monitoring of exposures and risk limits.
• Produced daily PnL reports for the risk committee, traders, and management.
• Investigated PnL variations, risk limit breaches, and operational discrepancies, and applied necessary adjustments.
• Enhanced VBA and Python tools used for analysis, validation, and automated report production.

Senior Verification Officer – Operations - Banque Nationale - Montréal, QC

(2019-03 - 2025-11)

• Verified compliance of credit applications, scheduled disbursements, and authorized releases in accordance with internal policies.
• Contributed to the evaluation of artificial intelligence integration into the verification process.

Analyst – Research & Development and IT Team - Fonds d'investissement BNI – HEC Montréal - Montréal, QC

(2022-05 - 2022-09)

• Analyzed the addition of alternative asset classes to the portfolio using qualitative research, quantitative analysis, and backtests in R.
• Drafted and presented a research report to the investment committee to support asset allocation decisions.

Junior Analyst – Investor Relations and Operations - Fonds d'investissement BNI – HEC Montréal - Montréal, QC

(2022-01 - 2022-04)

• Presented weekly portfolio performance and macroeconomic analyses to the investment team.
• Prepared strategic recommendations and quarterly presentations to support allocation decisions.

Operator - Salle des marchés – HEC Montréal - Montréal, QC

(2022-05 - 2022-08)

• Provided operational and technical support to trading floor users on Bloomberg, Python, and VBA.
• Analyzed prices, rates, and financial instruments in real time to support educational and research activities.

M.Sc. - Financial Engineering - HEC Montréal (2022-01)

B.B.A. - Mathematics, Finance and Applied Economics, Honours stream - HEC Montréal (2018-01 - 2021-12)