Senior Lead Financial Engineer

RBC; Toronto; On-site; CAD 150,000 - 190,000; Full time

Job summary

RBC is seeking a Lead Financial Engineer to bridge investment strategy with software engineering. You will translate complex financial models into mathematical specifications and algorithms for our investment management proposal system within an Agile team.

Responsibilities include owning core model integrity for portfolio optimization, Monte Carlo simulations, and risk scoring, and collaborating with software engineers to ensure implementable specs. Strong communication is essential.

Qualifications

• 7+ years in quantitative finance, financial engineering, or asset management.
• Master's degree or Ph.D. in a highly quantitative field; preferred Financial Engineering/Math/Statistics/CS.
• Deep understanding of portfolio theory, multi-period asset allocation, stochastic processes, and simulations.
• Proficiency in Python, R, or MATLAB; SQL and Git familiarity.

Responsibilities

• Define and document quantitative algorithms for the investment proposal platform.
• Translate financial models into precise mathematical specifications for software developers.
• Maintain mathematical integrity of core features: portfolio optimization, Monte Carlo simulations, risk scoring.
• Collaborate with Scrum teams as SME; participate in story writing, planning, and reviews.
• Design and validate prototype models in Python or R to ensure accuracy before production.

Skills

Python

R

MATLAB

SQL

Git

Agile/Scrum

Financial engineering

Quantitative finance

Communication

Education

Master's degree

PhD

Tools

None

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 within an Agile development framework to build tools for portfolio optimization, risk assessment, and client wealth forecasting.

Job Description

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 within 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?

• 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: 2026-09-25

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.