Associate - Quantitative Analyst

RBC; Toronto; On-site; CAD 130,000 - 195,000; Full time

Benefits offered by this job

Total Rewards Program

Coaching and development opportunities

World-class training program

Flexible work/life balance

Job summary

RBC in Toronto is seeking a highly qualified quantitative analyst to design, implement, and maintain rate and spread product models focused on securitized assets, with strong emphasis on risk and regulatory reporting. The role supports front-office and risk analytics, ensuring alignment with best practices and future market conditions.

You will collaborate with traders, risk managers, and product controllers, develop documentation, validate models, and monitor performance within RBC's CAPITAL

Qualifications

• Ph.D or Master’s degree in a quantitative field such as mathematics, statistics, physics or computer science.
• Strong knowledge of financial instruments and derivatives and related pricing and risk models.
• Proficiency in at least one programming language (Python, C++, or C#).
• Good communication in verbal and written form.
• Excellent analytical skills and proactive learning ability.

Responsibilities

• Apply quantitative skills to design and implement rate and spread product models.
• Support traders, risk managers, and product controllers in interpreting model outputs.
• Prepare model documentation and validation submissions and track model performance.
• Review and comply with firm policies governing business activities.
• Escalate operational risk and control issues promptly.

Skills

Python

C++

C#

Quantitative analytics

Financial instruments

Model development

Communication skills

Analytical thinking

Education

Ph.D. or Master’s in quantitative field

Job description

Job Description

What is the opportunity?

The Cash and Securitized Product Quantitative Analytics team focus on both supporting specific business operations and engaging in complex enterprise-wide initiatives. In this role you will be responsible for developing / implementing new and maintaining / enhancing the existing rate and spread product models, with a heavy emphasis on securitized products, as well as regulatory reporting. One of this role’s main contributions will be ensuring that the firm’s front-office and risk analytical framework follows the best practice, meets the users’ requirements, and can accommodate the future market and regulatory conditions.

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.

• Support RBC business by assisting the traders, risk managers, and product controllers in understanding the models and interpreting the model outputs.

• 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 loss 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.

• Good knowledge of financial instruments and derivatives, such as the bonds, IR swaps, futures, and options, as well as the related pricing and risk management models. Hand-on experience in developing interest rate and spread product models.

• Proficient in at least one of the programming languages such as Python (preferred), C++, and C#.

• Good communication skills in both verbal and writing.

• Excellent analytical skills and a faster and self-motivated learner.

Nice-to-have :

• Broad knowledge of financial markets and regulations is good to have.

• Knowledge on market and counterparty credit risk management 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

• Work in a dynamic, collaborative, progressive, and high-performing team

• A world-class training program in financial services

• Flexible work/life balance options

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Job Skills

Analytical Framework, Analytical Thinking, Critical Thinking, Economic Analysis, Financial Derivatives, Financial Instruments, Investment Risk Management, Market Risk, Operational Risks, Python (Programming Language), Quantitative Analytics, Quantitative Methods

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:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-14

Application Deadline:

2026-10-30

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.

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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.