Associate - Quantitative Analyst

Royal Bank of Canada • Toronto, ON

3d • Hybrid

About The Position

The Cash and Securitized Product Quantitative Analytics team focuses 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 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 best practices, meets the users’ requirements, and can accommodate future market and regulatory conditions.

Requirements

• 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 Haves

• Broad knowledge of financial markets and regulations is good to have.
• Knowledge on market and counterparty credit risk management is a plus.

Responsibilities

• 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.

Benefits

• bonuses
• flexible benefits
• competitive compensation
• commissions
• stock where applicable
• Leaders who support your development through coaching and managing opportunities
• A world-class training program in financial services
• Flexible work/life balance options

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Ph.D. or professional degree