Job DescriptionWhat is the opportunity?The Liquid Macro Market Making team (LMM) is responsible for RBC's electronic FX and Rates trading. We build and operate the pricing and hedging algorithms that deliver reliable client pricing and automate our market and risk responses. The team combines deep market microstructure knowledge, trading acumen, strong software engineering, and quantitative expertise.
We are looking for an Algo Developer in New York with eRates focus to expand and improve our algo trading stack. These algorithms drive price construction and auto-hedging of our risk. We are a Java shop, so Java proficiency is essential, along with quant experience and familiarity with the microstructure of electronic markets. Our algos operate under tight latency constraints, making low-latency coding experience highly valuable. We also use q/kdb and Python, and experience in these is a plus.
What will you do?As an eRates Algo Developer on the LMM team, you will:
- Research and develop strategies for price construction and auto-hedging behavior
- Write production-quality code for pricing and hedging Rates instruments
- Monitor algo performance intraday, ensuring pricing and hedging behave as expected and resolving issues as they arise
What do you need to succeed?- A strong sense of ownership over your work - someone who takes pride in software design and code quality
- Java proficiency (~2-5 years of experience)
- Analytical mindset with the ability to propose practical solutions to trading challenges
- Curiosity and ability to explore time series and unstructured data, formulate hypotheses, and validate them rigorously
- Preferred:
- Knowledge of Rates pricing and electronic markets
- Strong statistical and mathematical background
- Experience with zero-GC and low-latency design patterns in Java
- Proficiency in q/kdb and Python
What's in it for you?* A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
* 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.
* Opportunities to do challenging work.
* Opportunities to build close relationships with clients.
The expected salary range for this particular position is $165,000-200,000 depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
Job SkillsAdaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork
Additional Job DetailsAddress:BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:New York
Country:United States of America
Work hours/week:40
Employment Type:Full time
Platform:CAPITAL MARKETS
Job Type:Regular
Pay Type:Salaried
Posted Date:2026-07-22
Application Deadline:2026-08-28
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
