Quants Associate - Data Science

This role exists within our Quant organization to help turn large, complex datasets into clear insights that support better decision-making across the team. You'll sit within a cross-asset quant team where different members specialize in equities, municipal bonds, corporate bonds, and other asset classes. You'll develop deep expertise in one area while gaining broader exposure to how data science is applied across multiple markets.

The Junior Data Scientist will work closely with senior quants and team members to build, test and improve data-driven models that enhance pricing, risk assessment, and operational efficiency. By delivering reliable analysis and scalable tools, this role contributes to more informed strategies, improved performance, and reduced manual effort. It supports the team's broader goal of using data to drive smarter, faster, and more consistent business outcomes.

• Collaborate with traders, quants, and senior team members to translate business questions into data-driven solutions
• Develop and test statistical and machine learning models to support pricing, risk, and decision-making
• Analyze structured and unstructured data to identify patterns, trends, and actionable insights
• Develop specialized expertise in one asset class (such as equities, municipal bonds, or corporate bonds) while collaborating with team members working across other markets
• Monitor model performance and improve accuracy through ongoing validation and refinement
• Create clear visualizations and reports to communicate findings to both technical and non-technical stakeholders
• Assist with automating manual processes to improve efficiency and scalability across workflows
• Build and maintain data pipelines to collect, clean, and organize large datasets for analysis

Must-have

• Master's degree in computer science, mathematics, statistics, engineering, or related quantitative field. PhD is a plus.
• Strong programming skills in Python, including experience with data analysis libraries such as Pandas and NumPy
• Hands-on experience building and evaluating machine learning models using frameworks such as scikit-learn, PyTorch, or TensorFlow
• Strong foundations in probability and statistics, including hypothesis testing and analysis techniques
• Experience working with real-world datasets and developing data-driven solutions through academic or project work

Nice-to-have

• Experience with KDB/q or familiarity with time-series databases and large-scale data systems
• Basic knowledge of SQL and working with relational databases
• Experience with Java or other object-oriented programming languages
• Interest in financial markets and curiosity about how different asset classes operate

• Work on real-world datasets and models that directly influence business decisions and outcomes
• Gain hands-on experience in machine learning and data analysis while building production-level tools
• Learn from experienced quants and team members in a collaborative and high-performing environment
• Develop deep expertise in one asset class while gaining exposure to data science applications across equities, fixed income, and other markets
• Contribute to meaningful projects that improve efficiency and reduce manual processes across the team
• Clear progression path with opportunities to take on increasingly complex projects and grow into senior technical roles
• Competitive compensation and a comprehensive benefits package supporting your overall well-being

What is the opportunity?

A Senior Business Analyst, who will join the FIC Global Spread Products eTrading technology team. You will be responsible for facing the desk and being a key bridge between the trading desk and the technology team You will work with various Spread trading desks, with a focus on the Credit trading and the Credit systematic trading desks You will be a key resource that the trading desks can lean on, to help them understand and configure the eTrading platform, based on their trading needs You would become a trusted partner to the desk, to help guide them in the journey as we, the technology team, build new strategic deliveries

What will you do?

• Drive and lead business user engagement for various Spread Product Desks

• Create Documentation for business user requirements.

• Translate business use requirements to technical documents for implementation.

• FIX spec analysis, when applicable

• Participate in Post development QA and Post Release PIV; participate in Scrum and Project management for deliverables across Spread products desk

• Create business workflow diagram; creates and maintains JIRAs - Dashboards, Epics and details in the JIRA

• Work with tech PM to create the weekly status reports; send out release notes and manages communication with all stakeholders on releases.

What do you need to succeed?

Must have:

• Experience working or partnering with Capital Markets Front Office in any capacity

• 4+ hands on experience with SQL

• 2+ years hands on experience with KDB

• Hands on experience with QA, Post Release PIV, UAT, creating test cases and Help documentation

• Strong interpersonal skills, confident, effective verbal and written communications, ability to facilitate between and influence key decision makers

Nice-to-have:

• Experience working as a Business Analyst

• Experience with FIX Protocol

• Experience working with Excel

• Experience in a matrix environment, such as a large, publicly traded corporation

• Strategic thinker with excellent interpersonal skills to work across functions and businesses

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.

• Flexible work/life balance options.

• Opportunities to do challenging work.

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

What is the opportunity?

A Senior Business Analyst, who will join the FIC Global Spread Products eTrading technology team. You will be responsible for facing the desk and being a key bridge between the trading desk and the technology team You will work with various Spread trading desks, with a focus on the Credit trading and the Credit systematic trading desks You will be a key resource that the trading desks can lean on, to help them understand and configure the eTrading platform, based on their trading needs You would become a trusted partner to the desk, to help guide them in the journey as we, the technology team, build new strategic deliveries

What will you do?

• Drive and lead business user engagement for various Spread Product Desks

• Create Documentation for business user requirements.

• Translate business use requirements to technical documents for implementation.

• FIX spec analysis, when applicable

• Participate in Post development QA and Post Release PIV; participate in Scrum and Project management for deliverables across Spread products desk

• Create business workflow diagram; creates and maintains JIRAs - Dashboards, Epics and details in the JIRA

• Work with tech PM to create the weekly status reports; send out release notes and manages communication with all stakeholders on releases.

What do you need to succeed?

Must have:

• Experience working or partnering with Capital Markets Front Office in any capacity

• 4+ hands on experience with SQL

• 2+ years hands on experience with KDB

• Hands on experience with QA, Post Release PIV, UAT, creating test cases and Help documentation

• Strong interpersonal skills, confident, effective verbal and written communications, ability to facilitate between and influence key decision makers

Nice-to-have:

• Experience working as a Business Analyst

• Experience with FIX Protocol

• Experience working with Excel

• Experience in a matrix environment, such as a large, publicly traded corporation

• Strategic thinker with excellent interpersonal skills to work across functions and businesses

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.

• Flexible work/life balance options.

• Opportunities to do challenging work.

The Expected Salary Range For The Above Position Is $110,000 - $135,000 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

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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.

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.