2027 Capital Markets, Quants Summer Associate, Quantitative Technology Services
RBC · New York, United States · 23d ago
Job Description
2027 Quants Summer Associate, Quantitative Technology Services
ABOUT RBC CAPITAL MARKETS
RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.
We work with clients in over 100 countries around the globe to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. According to Bloomberg and Dealogic, we are consistently ranked among the largest global investment banks.
RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.
What will you do?
This is a 10 week summer program. Summer Associates have the opportunity to gain in-depth knowledge of Capital Markets, establish strong partnerships with business units and technologists around the world and develop their skills by providing creative technical solutions to solve complex business issues. We offer a tailored approach to career development based on the combined interests of our Associates and the growing needs of our businesses. Summer Associate development will include best-in-class on-the-job and in-class training and mentorship.
Principle Responsibilities:
- Responsible for all ranges of project work and daily support as outlined by given business
- Increasing efficiencies in current department
- Analysis of business requirements and translations to technical specifications
- Design, development, coding, code reviews and testing of applications as per Software Development Life Cycle (SDLC) best practices
- Release and incident management of applications
- Develop and implement miscellaneous tools to support trading and risk management activities
- Provide support for large federal projects that involve front-office risk aggregation and analysis
- Gather new requirements from the trading desk and manage delivery of solutions through quant libraries and associated IT systems
- Maintain and improve existing pricing tools and operational framework
- Provide general day-to-day quantitative support to trading desk quants and trading desk in general
- Carry out special projects related to pricing models, trades, and risk management
- Assist with the pricing of new products and feasibility of modelling approaches
- Provide desk-based research assistance as required
Basic Qualifications:
- Pursuing a Masters or PhD, graduating in December 2027 or May 2028
- Completion of a four-year university degree in Computer Science, Engineering or Mathematics (or comparable rigorous scientific field) with academic excellence
- High qualifications on the physical sciences, mathematics, and computing.
- Knowledge of derivatives and financial products, for trading, pricing and risk management.
- Advanced mathematics and programming skills in languages such as Python, C++, R, Java
- Knowledge of relevant applications and risk managements systems and IT
- Spreadsheet and tool building experience
- Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
- Strong teamwork and communication skills
Other Required Qualifications:
- Must be a self-starter
- Ability to work in a fast-paced environment
- Strong communication skills – both spoken and written
- Analytical skills for transforming defined business needs into software requirements
- Ample knowledge and understanding of software design principles and development best practices in the full life cycle
- Self-managed and results-oriented with a keen sense of ownership
- Desire and commitment to learn/adapt as needed
- Time management and the successful engagement of multiple initiatives simultaneously
- Troubleshooting, problem-solving and a detail-oriented work ethic
- No licenses required
- No designations required
The good-faith expected salary range for the above position is $140,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and play 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
Job Skills
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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.