Job Summary

Job Description

What is the opportunity?

Support the model governance framework, including maintaining an inventory of algorithmic trading models, documentation of model details, and overseeing the model validation process

Support the Vice President of Equities, and Macro and Spread, Trading Supervision providing cross asset governance and oversight of Global Markets Algorithmic Trading businesses to meet internal/regulatory requirements and industry best practices

Delegated Supervisory responsibilities within Global Markets, primarily in relation to Model Risk and Algorithmic Trading

What will you do?

Work alongside front-office and technology teams to identify and inventory algorithmic trading models.

Coordinate documentation and risk assessment of algorithmic trading models.

Oversee the model validation process and track issue remediation.

Keep abreast of regulatory change and guidance, analyzing communications and policies in consideration of the impact on Global Markets from a Model Risk perspective

Foster, develop and maintain a strong working relationship with Enterprise Model Risk Management.

Execute supervisory activities as part of the and Algorithmic Trading Supervisory program, designed to meet internal and external requirements.

Support the Vice President of Equities, and Macro and Spread, Trading Supervision with preparation and maintenance of documentation on trading algorithms and key controls

Forge partnerships with control colleagues across RBC such as legal, compliance, risk, audit, and technology control functions.

Leverage expertise and technology, where possible, in an effort to automate and reduce inefficiencies related to Supervisory reviews

What you need to succeed?

Basic Qualifications – Must Have

At least 2+ years experience in a global markets setting

Experience with the model risk management framework – model inventory, governance, risk assessment, and validation

Familiarity with model risk regulations – FRB: SR 11-7, PRA: SS 1/23

Familiarity with Algorithmic trading activity, including risks and expected controls

Solid understanding of financial markets across equities, macro, and spread products.

Experience handling, analyzing and using large datasets to achieve business outcomes

Comfortable working in a fast-paced environment

Ability to collaborate and manage projects in a complex matrixed organization

Excellent communication and interpersonal skills

Ability to work under pressure, responding to demanding stakeholders with time sensitive deadlines

Keen attention to detail

Other Required Qualifications – Nice-to-have:

Master’s or advanced degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative field

Familiarity with popular machine learning frameworks and libraries

Data analysis skills – Python, kdb/q

Ability to work with ambiguity and navigate a highly regulated environment

Experience leading complex global cross-business projects

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

Leaders who support your development through coaching and managing opportunities 

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Flexible work/life balance options

#LI-KA2

Job Skills

Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Markets, Market Risk, Options Analysis, Systems Applications, Trade Client Reporting

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:

2025-06-27

Application Deadline:

2025-07-11

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.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.