Vice President Quantitative Risk Analytics

RBC•New York, NY

1d•$135,000 - $225,000•Onsite

About The Position

This role provides quantitative tools, analysis, and support to the trading desk. It develops, delivers, and supports advanced mathematical models, and develops and tests model and pricing applications. The position delivers modeling and analytical support to trading desks and non-Front Office groups, and contributes to special trading desk projects and secondments as needed. The role is part of a global quant team and supports North America Structured Rates Trading (SRT), including daily overnight processes such as risk and model marking. It also involves managing pricing tools and their operational framework, evaluating pricing and risk models, and coordinating with EMRM and GRM on front-office-developed models submitted for vetting and use in the bank's risk framework. This is a regular, full-time, salaried position based at Brookfield Place, 200 Vesey Street, New York, New York. The stated work week is 40 hours. The expected salary range is $135,000–$225,000, depending on factors including experience, skills, registration status, market conditions, and business needs. Additional compensation may include a discretionary bonus and benefits.

Requirements

Degree in Mathematics, Physical Sciences, or Financial Mathematics.
Knowledge of derivatives and financial products for trading, pricing, and risk management.
Knowledge of programming, including C++ or Python, and software systems.

Nice To Haves

Postgraduate degree, especially a PhD, in a quantitative discipline such as physics, mathematics, computing, finance, economics, or engineering.
Strong programming skills in C++ or Python.
Strong written and oral communication skills.
Team-focused approach and ability to work effectively with quants, technology, and business functions.
Tenacity and adaptability.
Ability to build and maintain strong working relationships.
Flexible, enthusiastic, and positive attitude.

Responsibilities

Gather new requirements from the trading desk and manage delivery of solutions through quant libraries and associated IT systems.
Manage and own existing pricing tools and their operational framework, and implement new tools and frameworks.
Provide front-line daily quantitative support and take responsibility for North America Structured Rates Trading overnight processes, including risk and model marking.
Work on desk projects calibrating and assessing the performance of pricing and risk models.
Develop agile models and mathematical valuations for pricing and risk of new products.
Coordinate with EMRM and GRM on submitting front-office-developed models for vetting and use in the bank's risk framework.
Proactively identify operational risks and control deficiencies in the business.
Review and comply with Firm Policies applicable to business activities.
Escalate operational risk loss events, control deficiencies, and identified risks to the line manager and relevant risk and control functions in a timely manner.
Identify, assist with, and manage operational risks and control deficiencies in the business.
Help recruit, retain, and develop top talent.