Lead Financial Engineer, Software

RBC; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

RBC seeks a Lead Financial Engineer to bridge investment strategy and software teams. You will translate complex models into precise specifications for the investment proposal system, sitting in the Investment Product Team within an Agile environment.

You will validate models in Python or R, own core financial features, and collaborate with software engineers to deliver robust, scalable solutions for portfolio optimization and risk assessment.

Qualifications

• 7+ years of professional experience in quantitative finance, financial engineering, or asset management.
• Master’s degree or Ph.D. in a highly quantitative field.
• Deep understanding of portfolio theory, asset allocation, stochastic processes, and statistical simulation.
• Proficiency in Python, R, or MATLAB for prototyping and data analysis; familiarity with SQL and version control.

Responsibilities

• Define, refine, and document quantitative algorithms for the investment proposal platform.
• Translate financial models into mathematical formulas and specifications for software developers.
• Own the mathematical integrity of core features like portfolio optimization and Monte Carlo simulations.
• Act as SME in Agile/Scrum teams, contribute to story writing and code/math reviews.
• Design and run prototype models in Python or R to validate algorithms before production.

Skills

Python

R

MATLAB

Prototyping

Education

Master’s degree in Financial Engineering

PhD in Quantitative Finance or related field

Tools

SQL

Git

Job description

Job Description

What is the Opportunity?

We are seeking a Lead Financial Engineer to bridge the gap between our investment strategy business units and our software engineering teams. In this role, you will translate complex financial models into precise mathematical specifications and algorithms for our investment management proposal system. You will sit within the Investment Product Team, working daily inside an Agile development framework to build tools for portfolio optimization, risk assessment, and client wealth forecasting.

What will you do?

• Algorithm Definition: Collaborate with business stakeholders to define, refine, and document quantitative algorithms for the investment proposal platform.

• Mathematical Translation: Convert high-level financial models and concepts into rigorous mathematical formulas and technical specifications for software developers.

• Core Model Support: Own the mathematical integrity of core system features, including portfolio optimization, Monte Carlo simulations, financial health scoring, and probability-based goal assessment models.

• Agile Collaboration: Serve as the quantitative Subject Matter Expert (SME) within Scrum teams, participating in story writing, sprint planning, refinement, and code/math reviews.

• Validation & Testing: Design and execute prototype models in Python or R to validate algorithmic accuracy before full-scale software production.

• Product Strategy: Assist the Product Owner in prioritizing the quantitative roadmap based on business value and technical feasibility.

What do you need to succeed?

Must have:

• Experience: 7+ years of professional experience in quantitative finance, financial engineering, or asset management role.

• Education: Master’s degree or Ph.D. in Financial Engineering, Quantitative Finance, Mathematics, Statistics, Physics, Computer Science, or a highly quantitative field.

• Domain Expertise: Deep understanding of modern portfolio theory (MPT), multi-period asset allocation, stochastic processes, and statistical simulation techniques.

• Technical Skills: Proficiency in Python, R, or MATLAB for prototyping and data analysis. Familiarity with SQL and version control (Git).

• Software Delivery: Proven experience working alongside software engineers and translating financial math into clear, implementable developer specifications.

• Methodology: Experience working within an Agile/Scrum development lifecycle.

• Communication: Exceptional ability to communicate highly complex mathematical concepts to both non-technical business partners and software engineers.

Nice to have:

• Experience building software components specifically for wealth management, robo-advisory, or retail investment proposal platforms.

• Basic understanding of object-oriented programming (e.g., C#, Java, or C++) to help audit production code implementations.

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 succeed 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

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities.

Job Skills

Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Results-Oriented

Additional Job Details

Address

180 WELLINGTON ST W:TORONTO

City

Toronto

Country

Canada

Work hours/week

37.5

Employment Type

Full time

Job Type

Regular

Pay Type

Salaried

Posted Date

2026-08-28

Application Deadline

2026-11-23

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.