What is the opportunity?

In the role of an Associate in the Quantitative Analysis team you will focus on supporting and developing both valuation models and quantitative tools to support the Counterparty Risk Trading desk (XVA desk) with a view of improving their capabilities in risk managing the positions that capture derivatives valuation adjustments across the global derivatives businesses.

The role entails support and further development of pricing models as well as involvement in the ongoing model development, from mathematical research to the implementation of the models in a production-level analytics library.

Furthermore, the role will involve communicating with users of the tools and analytics as well as the recipients of their outputs across the firm to explain valuation adjustments, methodologies and approaches.

What will you do?

• Provide general day-to-day quantitative support to trading desk.
• Development and implementation of miscellaneous tools to support trading and risk management activities.
• Analysis of performance of existing models
• Maintenance and improvements of existing pricing tools and operational framework.
• Contribute to research, development and implementation of mathematical models for the pricing of derivatives and cash products up to the firm’s quality standards and regulatory requirements.
• Ensure that any models developed are fully and properly integrated into the quant libraries.
• Gather new requirements from the trading desk and manage delivery of solutions through quant libraries and associated IT systems.
• Carry out special projects related to pricing models, trades, and risk management.
• Support the modelling requirements of the trading staff as needed.

What do you need to succeed?

Must-have

• Solid experience working as in a derivatives-related quantitative role at a financial institution
• Knowledge of vanilla and complex rates derivatives and cash products.
• Solid programming skills in an analytics library and advanced numerical skills, both in Python and in C++.
• Knowledge of advanced mathematics including stochastic calculus.

Nice-to-have

• Advanced degree in a highly numerate discipline
• Knowledge of risk managements systems
• Knowledge of derivatives in other asset classes than interest rates and their valuation adjustments.

What is 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.

• Ability to make a difference and lasting impact
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with different business functions.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Client Counseling, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative Methods

Additional Job Details

100 BISHOPSGATE:LONDONLondonUnited Kingdom35Full timeCAPITAL MARKETSRegular2025-06-242025-07-05

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.