Associate, Global Markets Supervision
Job details
Job description, work day and responsibilities
Job details
Job type
Full-time
Location
Toronto, ON M+W 0A4
Full job description
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 11:5+ 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.
Join our Talent Community
Stay 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 jobs.rbc.com.
You must create an Indeed account before continuing to the company website to apply
The position is suitable for candidates with education
This position is suitable for fresh graduate
Company address
You will be redirected to another website to apply.
Offer ID: #1173372,
Published: 1 week ago,
Company registered: 2 months ago
