Rates Algo Developer, Associate

RBC•New York, NY

3d•$165,000 - $200,000•Onsite

About The Position

The Liquid Macro Market Making team (LMM) is responsible for RBC's electronic FX and Rates trading. We build and operate the pricing and hedging algorithms that deliver reliable client pricing and automate our market and risk responses. The team combines deep market microstructure knowledge, trading acumen, strong software engineering, and quantitative expertise. We are looking for an Algo Developer in New York with eRates focus to expand and improve our algo trading stack. These algorithms drive price construction and auto-hedging of our risk. We are a Java shop, so Java proficiency is essential, along with quant experience and familiarity with the microstructure of electronic markets. Our algos operate under tight latency constraints, making low-latency coding experience highly valuable. We also use q/kdb and Python, and experience in these is a plus.

Requirements

A strong sense of ownership over your work — someone who takes pride in software design and code quality
Java proficiency (~2–5 years of experience)
Analytical mindset with the ability to propose practical solutions to trading challenges
Curiosity and ability to explore time series and unstructured data, formulate hypotheses, and validate them rigorously

Nice To Haves

Knowledge of Rates pricing and electronic markets
Strong statistical and mathematical background
Experience with zero-GC and low-latency design patterns in Java
Proficiency in q/kdb and Python

Responsibilities

Research and develop strategies for price construction and auto-hedging behavior
Write production-quality code for pricing and hedging Rates instruments
Monitor algo performance intraday, ensuring pricing and hedging behave as expected and resolving issues as they arise