Royal Bank of Canada

Associate - Quantitative Analyst

Royal Bank of Canada • $80K — $110K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Ph.D. or Master’s degree in mathematics, statistics, physics, or computer science.
  • Solid understanding of financial instruments and derivatives, particularly interest rate and spread products.
  • Experience in developing pricing and risk management models for interest rate instruments.
  • Proficiency in programming languages, especially Python, as well as C++ or C#.
  • Strong communication skills, both verbal and written.
  • Demonstrated analytical skills and a capacity for fast learning.

Responsibilities

  • Design, implement, test, and deploy rate and spread product models within the analytical environment.
  • Assist traders, risk managers, and product controllers in model understanding and interpreting outputs.
  • Prepare model documentation and validation submissions, ensuring compliance with internal and external guidelines.
  • Track model performance as per regulatory standards and firm policies.
  • Identify and escalate operational risks and control deficiencies to management.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Opportunities for professional development through coaching and mentorship.
  • Collaborative and high-performing team environment.
  • Access to a world-class training program in financial services.
  • Options for flexible work/life balance.
Full Job Description
Job Description

What is the opportunity?

The Cash and Securitized Product 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 securitized products, as well as regulatory reporting. One of this role's main contributions will be ensuring that the firm's front-office and risk analytical framework follows the best practice, meets the users' requirements, and can accommodate the future market and regulatory conditions.

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.
  • Support RBC business 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 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.


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.
  • Good knowledge of financial instruments and derivatives, such as the bonds, IR swaps, futures, and options, as well as the related pricing and risk management models. Hand-on experience in developing interest rate and spread product models.
  • Proficient in at least one of the programming languages such as Python (preferred), C++, and C#.
  • Good communication skills in both verbal and writing.
  • Excellent analytical skills and a faster and self-motivated learner.


Nice-to-have:
  • Broad knowledge of financial markets and regulations is good to have.
  • Knowledge on market and counterparty credit risk management 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
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options


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Job Skills
Analytical Framework, Analytical Thinking, Critical Thinking, Economic Analysis, Financial Derivatives, Financial Instruments, Investment Risk Management, Market Risk, Operational Risks, Python (Programming Language), Quantitative Analytics, Quantitative Methods

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:

2026-07-14

Application Deadline:

2026-08-28
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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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