Associate, Quantitative Analyst

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?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• 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.

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Job Skills

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTorontoCanada37.5Full timeCAPITAL MARKETSRegularSalaried2026-05-072026-05-30

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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.