Junior Quantitative Analyst – Equity Derivatives (Toronto)

RBC; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Junior Quantitative Analyst to support their Equity Derivatives team. You will work closely with traders to solve pricing challenges and develop volatility models. Ideal candidates possess a PhD in a quantitative field, with proficiency in C++ or Python. The role offers a comprehensive reward program and contributions to innovative financial solutions in a collaborative environment.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

World-class training program

Qualifications

• Strong foundation in probability, calculus, statistics, stochastic processes, and numerical methods.
• Experience in derivatives pricing and volatility modeling is a plus.
• Ability to prioritize urgent support requests effectively.

Responsibilities

• Provide on-desk quantitative support for traders to resolve pricing and risk issues.
• Implement and prototype new volatility models under senior guidance.
• Design and maintain robust data pipelines for critical market data.

Skills

Critical Thinking

Derivatives

Quantitative Methods

Education

PhD in Mathematics, Statistics, or related field

Tools

C++

Python

SQL

Job description

Job Description

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.

#LI-POST

Job Skills

Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Market Risk, Pricing Tools, 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: 2026-01-09

Application Deadline: 2026-01-30

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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