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About the Role

The Alternative Data & AI team leverages alternative data and advanced AI techniques to develop financially relevant factors, actionable insights, and differentiated content for Capital Markets clients. The Sr. Data Scientist plays a key role in delivering AI and data-driven solutions to institutional research stakeholders and clients, driving innovation at the intersection of alternative data and machine learning.

Responsibilities

Lead the design and implementation of statistical, machine learning, and mathematical methodologies to solve complex research problems and perform advanced data analysis leveraging alternative datasets.
Identify and evaluate novel data sources to develop unique and proprietary insights for institutional research teams and clients.
Collaborate closely with equity and macro research teams, technology teams, and cross-functional stakeholders on strategic initiatives.
Build, maintain, and enhance data pipelines and infrastructure using Databricks, Snowflake, PySpark, and SQL.
Champion emerging technology trends and tools that can be leveraged to further the Alternative Data & AI platform.
Coordinate, generate, and maintain alternative data products, presentations, models, and databases of unique, alternative, and proprietary insights.
Drive the development of big data and alternative data capabilities, leading coordination of cross-functional engineering and research initiatives.
Design and develop proprietary indices and factor models, applying rigorous quantitative methodologies.
Proactively identify new opportunities for engaging Research teams with novel data products and AI-driven analytical frameworks.
Mentor and develop junior data scientists, providing technical guidance and fostering a culture of continuous learning.
Provide senior-level research support to stakeholders as required, acting as a subject matter expert.
Proactively identify operational risks and control deficiencies in the business.
Review and comply with Firm Policies applicable to your business activities.
Escalate operational risk loss events, control deficiencies, and risks to your line manager and the relevant risk and control functions on a timely basis.

Requirements

Master's or PhD in Mathematics, Statistics, Computer Science, or another quantitative field.
3+ years of experience in Data Science, Machine Learning, Natural Language Processing, or Statistics, ideally in a capital markets or financial research context.
Strong quantitative modelling skills, including statistical modelling, machine learning, and optimization techniques applied to financial or alternative datasets.
Demonstrated ability to perform complex data analysis on large volumes of structured and unstructured data, and to present findings clearly to non-technical stakeholders.
Hands-on experience with Databricks for large-scale data processing and ML workflows, and Snowflake for cloud data warehousing and analytics.
Strong proficiency in PySpark for distributed data processing and SQL for data querying, transformation, and pipeline development across large datasets.
Experience in index construction and factor model development, including the design, backtesting, and ongoing maintenance of quantitative indices derived from alternative or financial data.
Creative and rigorous approaches to using alternative datasets to generate insights into the financial performance of companies and macroeconomic trends.
Deep expertise in data profiling, cleaning, feature engineering, and insight generation across diverse data types.
Expert working knowledge of Python and R, with strong overall coding abilities.
Expert-level experience with ETL processes across a variety of data types and formats.
Strong understanding of both NoSQL and SQL database architectures.
Expert technical documentation skills.

Skills

Actuarial Modeling
Big Data Management
Commercial Acumen
Data Mining
Data Science
Decision Making
Machine Learning (ML)
Natural Language Processing (NLP)
Predictive Analytics
Python (Programming Language)
Databricks
Snowflake
PySpark
SQL
Generative AI
Large Language Models (LLM)

Location

New York, United States of America

Work Type

Full time
Salaried

Experience Level

Senior-level
3+ years of experience

Education Level

Master's or PhD

Salary/Compensations

$85,000-$145,000

Benefits

Competitive compensation
Flexible benefits
401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off

About the Company

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.
As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

Equal Opportunity

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.