2027 Capital Markets, Quants Summer Associate, Quantitative Technology Services

RBC Capital Markets is an investment bank providing capital markets products and services to corporations, institutional investors, and governments worldwide. The Quantitative Technology Services Summer Associate will support trading and risk management through quantitative analysis, software development, pricing tools, technical solutions, and research during a 10-week summer program.

What you'll do:

• 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

What they're looking for:

• 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
• Must be a self-starter
• Ability to work in a fast-paced environment
• Strong communication skills – both spoken and written

Benefits:

• The 10 week summer program includes best-in-class on-the-job and in-class training and mentorship.
• A tailored approach to career development based on the combined interests of Associates and the growing needs of the businesses.