Job Description
What is the opportunity?
RBC Capital Markets is seeking a Junior Quantitative Analyst to join our Equity Derivatives team in Toronto. This role provides direct on-desk quantitative support for our Canada Flow & Dispersion trading business, working closely with traders and senior quants to solve real-time pricing challenges, build robust data infrastructure, and develop next-generation volatility models.
This is an exceptional opportunity for a recent PhD graduate or experienced Master's-level quant to gain hands-on experience in a fast-paced trading environment while contributing to cutting-edge derivatives research and production systems.
What will you do?
On-Desk Quantitative Support: Act as the first line of quant support for flow traders—investigate and resolve pricing, risk, and P&L issues in real-time, working directly alongside traders to support live trading decisions
Volatility Model Research & Development: Implement and prototype new volatility models under senior quant guidance; build shadow pricing tools, run back tests, and validate results against production systems
Data Engineering & Quality: Design and maintain robust data pipelines for earnings, dividends, historical returns, and corporate actions; implement anomaly detection and ensure data integrity for critical market feeds
Process Improvement & Documentation: Build automated workflows, develop monitoring tools, create clear runbooks, and reduce manual operational overhead for the trading desk
Regional Trading Support: Provide quantitative and operational support for the Canada desk; encode regional market conventions (including EMEA) and manage multi-region data feeds to ensure seamless cross-border trading
What do you need to succeed?
Must Have:
PhD in Mathematics, Statistics, Applied Mathematics, Financial Mathematics, Computer Science, Physics, or a related quantitative field; master's degree and strong quantitative finance experience will also be considered
Strong foundation in probability, calculus, statistics, stochastic processes, and numerical methods
Proficiency in C++ or Python
Familiarity with derivatives pricing, volatility modeling, or market microstructure
High ownership mentality and pragmatic problem-solving approach
Ability to prioritize between urgent support requests and longer-term research projects
Excellent communication skills for both technical (quants, engineers) and non-technical (traders, managers) audiences
Comfort working in a collaborative, fast-paced trading floor environment
Nice To Have:
Experience with data engineering, SQL, or data pipeline tools
Familiarity with derivatives pricing, volatility modeling, or market microstructure
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
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business and geographies
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.
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Job Skills
Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Market Risk, Pricing Tools, Quantitative MethodsAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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.
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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.