Vice President Quantitative Risk Analytics

RBC • New York, NY

1d • Onsite

About The Position

This role involves providing quantitative tools, analysis, and support to the trading desk. Key responsibilities include the development, delivery, and support of advanced mathematical models, as well as the development and testing of model and pricing applications. The position requires delivering modeling and analytical support to both trading desks and non-Front Office groups, while also contributing to special trading desk projects and secondments as needed.

Requirements

• Degree in Mathematics/Physical Sciences/Financial Mathematics
• Knowledge of derivatives and financial products, for trading, pricing and risk management.
• Knowledge of programming (c++ / python) and software system

Nice To Haves

• A postgraduate degree , especially PhD, in a quantitative discipline such as physics, mathematics, computing, or finance, economics, engineering
• Skilled programmer in C++/Python
• Strong written and oral communication skills
• Team focused. Must work effectively with the other quants, technology and business functions.
• Tenacious and adaptable
• 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.
• Management and ownership of existing pricing tools and operational framework; implementation of new ones.
• Front line, daily quantitative support and responsibility for North America Structured Rates Trading (SRT) overnight processes, such as risk and model marking.
• Desk projects calibrating and assessing performance of pricing and risk models.
• Agile modelling and mathematical valuation for pricing and risk of new products.
• Co-ordination with EMRM and GRM as part of the process of submitting front office developed models for vetting and use in the bank's risk framework.
• Proactively identify operational risks/ control deficiencies in the business.
• Review and comply with Firm Policies applicable to your business activities.
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.
• Identify, assist and manage operational risks/control deficiencies in the business.
• Help to recruit, retain and develop top talent.

Benefits

• 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.
• Flexible work/life balance options.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive