Vice President, Quantitative Analyst

Royal Bank of Canada • New York, NY

14d • $135,000 - $225,000

About The Position

The Cross Asset 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 those used for the residential mortgage loan origination, as well as cash flow and balance sheet forecasting. One of this role’s main contributions will be ensuring that the firm’s front-office, accounting and risk analytical framework follows the best practice, meets the users’ requirements, and can accommodate the 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.
• 5+ years solid knowledge of financial instruments and derivatives, such as securitized products, bonds, IR swaps, futures, and options, as well as related pricing and risk management models.
• 2-3+ years hand-on experience in developing the U.S. residential mortgage models.
• Excellent analytical skills, and proficient in at least one of the programming languages such as Python(preferred), C#, and C++.
• Good communication skills in both verbal and writing.
• A fast and self-motivated learner who takes the ownership of the projects and deadlines.

Nice To Haves

• Broad knowledge of financial markets and regulations is good to have.
• Knowledge on QRM, PolyPaths and Intex is a plus.
• Experience in asset liability management is helpful.

Responsibilities

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

• 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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees