Job DescriptionWhat 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 processSupport 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 practicesDelegated Supervisory responsibilities within Global Markets, primarily in relation to Model Risk and Algorithmic TradingWhat 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 perspectiveFoster, 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 controlsForge 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 reviewsWhat you need to succeed?Basic Qualifications – Must HaveAt least 1+ years experience in a global markets settingExperience with the model risk management framework – model inventory, governance, risk assessment, and validationFamiliarity with model risk regulations – FRB: SR 11-7, PRA: SS 1/23Familiarity with Algorithmic trading activity, including risks and expected controlsSolid understanding of financial markets across equities, macro, and spread products.Experience handling, analyzing and using large datasets to achieve business outcomesComfortable working in a fast-paced environmentAbility to collaborate and manage projects in a complex matrixed organizationExcellent communication and interpersonal skillsAbility to work under pressure, responding to demanding stakeholders with time sensitive deadlinesKeen attention to detailOther Required Qualifications – Nice-to-have:Master’s or advanced degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative fieldFamiliarity with popular machine learning frameworks and librariesData analysis skills – Python, kdb/qAbility to work with ambiguity and navigate a highly regulated environmentExperience leading complex global cross-business projectsWhat’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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workFlexible work/life balance options#LI-KA2Job Skills Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Markets, Market Risk, Options Analysis, Systems Applications, Trade Client ReportingAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2025-06-27Application Deadline:Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .
