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

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 8,000 - 16,000; Part time

Job summary

Royal Bank of Canada (RBC) invites applications for a Quantitative Risk Intern Winter 2027. You will support development of quantitative models for internal risk management and capital reporting, leveraging AI to improve efficiency while collaborating with risk teams.

You will assist with capital markets data and scenario design across asset classes. The role emphasizes strong data analysis skills, programming in Python, and experience with SQL/Tableau.

Qualifications

• 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.

Responsibilities

• Evaluate and develop market data and scenario generation methodologies for critical risk factors.
• Assess model performance tracking metrics and identify optimization opportunities.
• Develop and automate risk analysis infrastructure to standardize processes and tools.
• Explore emergent technologies including ML and AI to enhance data quality and analytics.
• Lead cross-functional agile teams in end-to-end delivery of risk and analytics solutions.

Skills

Data analysis

Quantitative analytics

Python

SQL

Tableau

Communication

Adaptability

Tools

SQL

Tableau

Jupyter

Excel

Job description

What is the opportunity?

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 in order to graduate successfully. Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

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

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. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.