Job Description
What is the opportunity?
Support the model governance framework, including maintaining an inventory of algorithmic trading models, documentation of model details, and overseeing the model validation process.
Support the Vice President of Equities, Macro and Spread Trading Supervision providing cross‑asset governance and oversight of Global Markets Algorithmic Trading businesses to meet internal / regulatory requirements and industry best practices.
Delegated supervisory responsibilities within Global Markets, primarily in relation to Model Risk and Algorithmic Trading.
What will you do?
- Work alongside front‑office and technology teams to identify and inventory algorithmic trading models.
- Coordinate documentation and risk assessment of algorithmic trading models.
- Oversee the model validation process and track issue remediation.
- Keep abreast of regulatory change and guide the impact on Global Markets from a Model Risk perspective.
- Foster and maintain strong working relationships with Enterprise Model Risk Management.
- Execute supervisory activities as part of the Algorithmic Trading Supervisory program, designed to meet internal and external requirements.
- Support the Vice President of Equities, Macro and Spread Trading Supervision with preparation and maintenance of documentation on trading algorithms and key controls.
- Forge partnerships with control colleagues across RBC such as legal, compliance, risk, audit, and technology control functions.
- Leverage expertise and technology, where possible, to automate and reduce inefficiencies related to supervisory reviews.
What you need to succeed? Basic Qualifications – Must Have
- At least 1+ years experience in a global markets setting.
- Experience with the model risk management framework – model inventory, governance, risk assessment, and validation.
- Familiarity with model risk regulations – FRB: SR 11‑7, PRA: SS 1/23.
- Familiarity with Algorithmic trading activity, including risks and expected controls.
- Solid understanding of financial markets across equities, macro, and spread products.
- Experience handling, analyzing and using large datasets to achieve business outcomes.
- Comfortable working in a fast‑paced environment.
- Ability to collaborate and manage projects in a complex matrixed organization.
- Excellent communication and interpersonal skills.
- Ability to work under pressure, responding to demanding stakeholders with time‑sensitive deadlines.
- Keen attention to detail.
Other Required Qualifications – Nice‑to‑have
- Master’s or advanced degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative field.
- Familiarity with popular machine learning frameworks and libraries.
- Data analysis skills – Python, kdb/q.
- Ability to work with ambiguity and navigate a highly regulated environment.
- Experience leading complex global cross‑business projects.
What’s in it for you? Benefits & Opportunities
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation.
- Leadership support through coaching and development opportunities.
- Work in a dynamic, collaborative, progressive, and high‑performing team.
- Opportunities to undertake challenging work.
- Flexible work / life balance options.
Location & Employment Details
- Address: Royal Bank Plaza, 200 Bay St., Toronto, Canada.
- Work hours / week: 37.5.
- Employment type: Full time, Regular.
- Platform: Capital Markets.
- Pay type: Salaried.
- Posted date: 2025‑06‑27.
Application Deadline & Equal Opportunity Statement
Applications will be accepted until 11:59 PM on the day prior to the application deadline date.
Inclusion and Equal Opportunity Employment at RBC. We believe an inclusive workplace with diverse perspectives is core to our continued growth. Maintaining a workplace where employees feel supported to perform at their best, collaborate, drive innovation, and grow professionally helps bring our purpose to life and create value for our clients and communities. RBC strives to deliver through policies and programs intended to foster a workplace based on respect, belonging, and opportunity for all.