2027 Winter - GRM, Quantitative Risk Intern (4 Months)

RBC; Toronto; Hybrid; CAD 11,000 - 13,000; Full time

Job summary

RBC is seeking a Quantitative Risk Intern for a 4-month winter 2027 student placement in Toronto, Ontario. You will support the analysis and development of quantitative models used in risk management and regulatory reporting, leveraging AI tools to improve efficiency and data quality.

You will collaborate with risk and business teams on market and counterparty risk, contribute to data governance, and help automate risk analysis infrastructure while gaining exposure to multiple asset classes and

Qualifications

• Experience in data analysis or quantitative analytics.
• Knowledge of traded products across asset classes.
• Strong analytical and problem-solving skills.
• Proficient in Python or similar.
• Experience with SQL/Tableau data tools.
• Able to collaborate with others and contribute to team goals.

Responsibilities

• Support analysis and development of quantitative models for risk management and regulatory reporting.
• Assist with capital markets trading and portfolios across asset classes.
• Collaborate with risk teams to design risk scenarios and ensure data quality.
• Help develop automation of risk analysis infrastructure and standardize tools.
• Explore and implement emerging technologies including ML/AI to enhance data validation and analytics.

Skills

Data analysis

Traded products knowledge

Analytical skills

Python

SQL/Tableau

Team collaboration

Adaptability

Communication

Trading risk exposure

Time series modeling

Analytics frameworks

Tools

SQL

Tableau

Job description

As a Quantitative Risk Intern, you will support the analysis and development of quantitative models used in internal risk management and regulatory capital reporting, leveraging AI and advanced analytical tools to enhance efficiency. In this role, you will assist with capital markets trading and investment portfolios across different asset classes. This includes collaborating with the business and risk teams to support risk scenario design and data quality control, which facilitates the bank's effective risk management and governance on market and counterparty credit risk model usage.

What will you do?

• Work with model users to evaluate and develop market data and scenario generation methodologies for critical risk factors, balancing business enablement with adherence to data and risk management governance standards.
• Evaluate model performance tracking metrics, identify optimization opportunities, and develop comparable benchmarking analyses to drive continuous improvement.
• Support the development and automation of risk analysis infrastructure, standardizing processes and tools to enhance efficiency and consistency.
• Drive continuous improvement by evaluating and implementing emerging technologies including machine learning and AI tools to enhance data quality validation and analytical capabilities.
• Direct cross-functional agile teams in end-to-end delivery of risk and analytics solutions, ensuring alignment with business priorities and stakeholder expectations.

Must-have

• Working experience in data analysis or quantitative analytics.
• Broad knowledge of traded products across various asset classes.
• Strong analytical and independent problem-solving capabilities.
• Excellent programming skills (Python or equivalent).
• Proficiency in data management and visualization tools, including databases (SQL/Tableau).
• Ability to collaborate effectively and contribute to team objectives.
• Adaptability to changing circumstances in dynamic environments.
• Excellent communication skills with the ability to simplify complex information clearly.

Nice-to-have

• Prior experience in a trading or risk modeling role.
• Proficiency in developing statistical models using complex, large-scale time series datasets.
• Knowledge of current analytics technologies and architectural frameworks for design, development, and implementation.

Please note:

This posting is for a 4-months Winter 2027 Student placement with a start date of January 2027, and end date of April 2027. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of April 2027 ; or
• If you are not returning back to school (i.e. are graduating in April 2027), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

RBC flexible work arrangements

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

Job Skills

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

Address: ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Student/Coop (Fixed Term)

Pay Type: Salaried

Posted Date: 2026-08-27

Application Deadline: 2026-09-21

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.

ET27

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