Vice President, Quantitative Analyst

What is the opportunity?

The Cross Asset 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 those used for the residential mortgage loan origination, as well as cash flow and balance sheet forecasting. One of this role's main contributions will be ensuring that the firm's front-office, accounting 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 and future analytical environment.

• Support RBC businesses 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 the 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.

• 5+ years solid knowledge of financial instruments and derivatives, such as securitized products, bonds, IR swaps, futures, and options, as well as related pricing and risk management models.

• 2-3+ years hand-on experience in developing the U.S. residential mortgage models.

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

• Good communication skills in both verbal and writing.

• A fast and self-motivated learner who takes the ownership of the projects and deadlines.

Nice-to-have

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

• Knowledge on QRM, PolyPaths and Intex is a plus.

• Experience in asset liability management is helpful.

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

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities

The Expected Salary Range For The Above Position Is $135,000 - $225,000 Depending On Factors Including But Not Limited To The Candidate's Experience, Skills, Registration Status; Market Conditions; And Business Needs.This Salary Range Does Not Include Other Elements Of Total Compensation, Including A Discretionary Bonus And Benefits Such As A 401(K) Program With Company-Matching Contributions; Health, Dental, Vision, Life And Disability Insurance; And Paid Time-Off Plan.

Rbc's Compensation Philosophy And Principles Recognize The Importance Of A Highly Qualified Global Workforce And Plays A Critical Role In Attracting, Engaging And Retaining Talent That:

• Drives Rbc's High Performance Culture

• Enables Collective Achievement Of Our Strategic Goals

• Generates Sustainable Shareholder Returns And Above Market Shareholder Value

#Li-Post

Job Skills

Additional Job Details

Note: 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.