Royal Bank of Canada

Senior Lead Financial Engineer

Royal Bank of Canada$110K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of professional experience in quantitative finance or financial engineering
  • Master's degree or Ph.D. in a quantitative field
  • Deep understanding of modern portfolio theory and asset allocation
  • Proficiency in Python, R, or MATLAB for data analysis
  • Experience working in an Agile/Scrum environment
  • Exceptional communication skills for conveying complex math concepts

Responsibilities

  • Collaborate with stakeholders to define and document quantitative algorithms
  • Convert financial models into mathematical specifications for software development
  • Own the mathematical integrity of core system features
  • Act as the quantitative Subject Matter Expert within Scrum teams
  • Design and execute Python or R models to validate algorithms
  • Assist in prioritizing the quantitative roadmap with the Product Owner

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Support for professional development through coaching
  • Opportunity to make a lasting impact
  • Work in a dynamic and high-performing team
  • Challenging work opportunities
  • Path for increased accountabilities
Full Job Description
Job Description

What is the Opportunity?

We are seeking a Senior Lead Financial Engineer to bridge the gap between our investment strategy business units and our software engineering teams. In this role, you will translate complex financial models into precise mathematical specifications and algorithms for our investment management proposal system. You will sit within the Investment Product Team, working daily inside an Agile development framework to build tools for portfolio optimization, risk assessment, and client wealth forecasting.

What will you do?
  • Algorithm Definition: Collaborate with business stakeholders to define, refine, and document quantitative algorithms for the investment proposal platform.
  • Mathematical Translation: Convert high-level financial models and concepts into rigorous mathematical formulas and technical specifications for software developers.
  • Core Model Support: Own the mathematical integrity of core system features, including portfolio optimization, Monte Carlo simulations, financial health scoring, and probability-based goal assessment models.
  • Agile Collaboration: Serve as the quantitative Subject Matter Expert (SME) within Scrum teams, participating in story writing, sprint planning, refinement, and code/math reviews.
  • Validation & Testing: Design and execute prototype models in Python or R to validate algorithmic accuracy before full-scale software production.
  • Product Strategy: Assist the Product Owner in prioritizing the quantitative roadmap based on business value and technical feasibility.


What do you need to succeed?

Must have:
  • Experience: 7+ years of professional experience in quantitative finance, financial engineering, or asset management role.
  • Education: Master's degree or Ph.D. in Financial Engineering, Quantitative Finance, Mathematics, Statistics, Physics, Computer Science, or a highly quantitative field.
  • Domain Expertise: Deep understanding of modern portfolio theory (MPT), multi-period asset allocation, stochastic processes, and statistical simulation techniques.
  • Technical Skills: Proficiency in Python, R, or MATLAB for prototyping and data analysis. Familiarity with SQL and version control (Git).
  • Software Delivery: Proven experience working alongside software engineers and translating financial math into clear, implementable developer specifications.
  • Methodology: Experience working within an Agile/Scrum development lifecycle.
  • Communication: Exceptional ability to communicate highly complex mathematical concepts to both non-technical business partners and software engineers.


Nice to have:
  • Experience building software components specifically for wealth management, robo-advisory, or retail investment proposal platforms.
  • Basic understanding of object-oriented programming (e.g., C#, Java, or C++) to help audit production code implementations.


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
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities.


#LI-POST

Job Skills
Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Results-Oriented

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-28

Application Deadline:

2026-09-15
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.

Stay Connected

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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
5 Year Trend
+8.7%
NASDAQ

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