Royal Bank of Canada

Associate, Quantitative Analyst

Royal Bank of Canada • $70K — $95K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • Ph.D or Master's degree in mathematics, statistics, physics, or computer science.
  • Strong understanding of financial instruments and derivatives, including bonds and interest rate swaps.
  • Experience in developing interest rate and spread product models.
  • Proficient in Python with a proactive approach to AI technology.
  • Detail-oriented with excellent verbal and written communication skills.

Responsibilities

  • Design, implement, test, and deploy rate and spread product models.
  • Provide business-as-usual (BAU) and ad-hoc analytical support to stakeholders.
  • Prepare model documentation and validation submissions in compliance with policies.
  • Monitor model performance and adherence to regulatory standards.
  • Identify and report operational risks and control deficiencies promptly.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Strong leadership support for personal development.
  • Opportunity to make a meaningful impact in the organization.
  • Collaborative and high-performing team environment.
  • Access to a world-class training program in financial services.
  • Flexible work/life balance options available.
  • Challenging work opportunities to grow professionally.
Full Job Description
Job Description

WHAT IS THE OPPORTUNITY?

The Capital Markets Treasury Quantitative Analytics team works with the RBC Capital Markets Treasury Front Office in the funding & liquidity and cash management business. In this role you will be responsible for developing / implementing new and maintaining / enhancing the existing interest rate, FX and credit spread product models, with a heavy emphasis on the fund pricing, liquidity management and balance sheet forecasting. This role's main contribution is to ensure that Capital Markets Treasury is equipped with suitable analytical models and tools for the current and future market conditions, following the best industrial practices and up to regulatory standards.

WHAT WILL YOU DO?
  • Apply quantitative skills to design, implement, test, and roll out the rate and spread product models in the current analytical environment.
  • Provide BAU and Ad hoc analytical support to the Capital Markets Treasury business stakeholders including traders, risk managers, and product controllers.
  • 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 events, control deficiencies and risks identified to the line manager and the relevant risk and control functions on a timely basis.


WHAT DO YOU NEED TO SUCCEED?

Must have:
  • Ph.D or Master's degree in one of quantitative areas such as mathematics, statistics, physics or computer science
  • Solid knowledge of financial instruments and derivatives, such as bonds, IR swaps, futures, and forwards, as well as related pricing and risk management models. Hand-on experience in developing interest rate and spread product models is preferable
  • Proficient in Python is a must
  • Must be a proactive AI learner and adopter
  • Highly detail oriented and organized; good communication skills in both verbal and writing


Nice-to-have:
  • Broad knowledge of market risk and regulations is good to have
  • Working experience on AI tools such as Copilot, Claude Code and Windsurf is great to have
  • Working experiencing on C++, C#, VBA and enterprise tools such as GitHub is preferable
  • Previous experience in data analytics, balance sheet management, Hedge Accounting and IRRBB is a plus


What's in it for you?

  • 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.
  • Flexible work/life balance options.
  • Opportunities to do challenging work.


#LI-POST

Job Skills

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-05-07

Application Deadline:

2026-06-17
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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