Royal Bank of Canada

Senior Quantitative Engineer

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

Qualifications

  • 5+ years in software development within quantitative finance
  • 3+ years building large scale applications/APIs in Python
  • Bachelor's degree in Economics, Finance, Mathematics, Computer Science, Statistics, or equivalent experience
  • Strong understanding of quantitative concepts and applied statistics
  • Proficient in analytics libraries such as TensorFlow, scikit-learn, and NumPy
  • Excellent problem-solving skills with a focus on finance
  • Knowledge or interest in personal finance and economics
  • Experience with algorithm design and development
  • Familiarity with RESTful APIs and Python frameworks (Django, Flask)

Responsibilities

  • Develop software for quantitative and portfolio management using Python
  • Design, test, maintain, and improve core trading and research applications
  • Write code to extract data from various sources for model development
  • Collaborate with team members on best practices
  • Conduct research and backtesting on portfolio optimization and trading models

Benefits

  • Comprehensive Total Rewards Program with bonuses and flexible benefits
  • Leadership support for professional development through coaching
  • Opportunity to make a meaningful impact
  • Work within a dynamic and collaborative high-performing team
  • Engage in challenging and rewarding work
  • Potential for increased responsibilities over time
Full Job Description
Job Description

What is the Opportunity?

This position is responsible for developing logic-intensive components of the digital wealth management platform. Works on computational libraries, as well as API services that interact with those libraries and other parts of the platform. The core focus for the position will be on implementing software used in portfolio optimization, Monte Carlo simulations, trading algorithms, financial health scores, and probability assessment models used in developing a wealth management platform.

What will you do?
  • Develop software for quantitative and portfolio management using Python
  • Design/test/maintain/improve the core trading and research applications being developed
  • Develop code to extract data from various sources to support development of the models
  • Collaborate with team on best practices
  • Conduct research on portfolio optimization, perform back test and implement trading models


What do you need to succeed?

Must have:
  • 5+ years of software development in a quantitative finance area
  • 3+ years of professional experience building large scale applications/APIs in Python
  • Bachelor's degree in Economics/Finance/Mathematics, Computer Science, Statistics or other relevant discipline or equivalent experience.
  • Strong knowledge of quantitative concepts, including applied statistics
  • Experience using analytics libraries and frameworks such TensorFlow, scikit, NumPy
  • Strong problem-solving skills
  • Knowledge of (or interest in) personal finance/economics
  • Experience with algorithm design or development
  • Experience working with RESTful APIs
  • Experience with Python API frameworks like Django, Flask


Nice to have
  • Master's degree or Ph.D. Preferred.
  • Experience with Cloud (AWS or Azure) and containerization is a big plus
  • Experience in financial services preferred
  • Experience developing financial models in behavioral finance or wealth management
  • Familiarity with and ability to apply the following concepts to solve data problems; natural language processing, machine learning, conceptual modelling, statistical analysis, predictive modelling and hypothesis testing


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.


Job Skills
Communication, Critical Thinking, Detail-Oriented, Financial Instruments, Investment Banking Analysis, Investments Analysis, Personal Development, Personal Initiative, Quantitative Methods, Risk Management

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:

2026-09-04

Application Deadline:

2026-09-21
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.

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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