Associate - Quantitative Analyst

Royal Bank of Canada · Toronto

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What is the opportunity?

The Cash and Securitized Product Quantitative Analytics team focus on both supporting specific business operations and engaging in complex enterprise-wide initiatives. In this role you will be responsible for developing / implementing new and maintaining / enhancing the existing rate and spread product models, with a heavy emphasis on securitized products, as well as regulatory reporting. One of this role’s main contributions will be ensuring that the firm’s front-office and risk analytical framework follows the best practice, meets the users’ requirements, and can accommodate the future market and regulatory conditions.

What will you do ?

• Apply quantitative skills to design, implement, test, and roll out the rate and spread product models in the current analytical environment.  

• Support RBC business by assisting the traders, risk managers, and product controllers in understanding the models and interpreting the model outputs.

• Support the preparation of model documentation and validation submissions, as well as tracking the model performance, per the internal policies and regulatory guidelines.

• Review and comply with firm policies applicable to business activities.

• Escalate operational risk loss events, control deficiencies and risks identified to the line manager and the relevant risk and control functions on a timely basis.

What do you need to succeed?

Must have:

• Ph.D or Master’s degree in one of quantitative areas such as mathematics, statistics, physics or computer science.

• Good knowledge of financial instruments and derivatives, such as the bonds, IR swaps, futures, and options, as well as the related pricing and risk management models. Hand-on experience in developing interest rate and spread product models.

• Proficient in at least one of the programming languages such as Python (preferred), C++, and C#.

• Good communication skills in both verbal and writing.

• Excellent analytical skills and a faster and self-motivated learner.

Nice-to-have: 

• Broad knowledge of financial markets and regulations is good to have.

• Knowledge on market and counterparty credit risk management is a plus.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Work in a dynamic, collaborative, progressive, and high-performing team

• A world-class training program in financial services

• Flexible work/life balance options

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