2027 Capital Markets, Quants Summer Associate, Quantitative Technology Services
Royal Bank of Canada · NY, US
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About the Role
This is a 10-week summer program designed to provide Summer Associates with in-depth knowledge of Capital Markets. Associates will gain experience by establishing partnerships with business units and technologists globally, and by developing creative technical solutions for complex business issues. The program offers a tailored approach to career development, combining Associate interests with business needs, and includes best-in-class on-the-job and in-class training and mentorship.
Responsibilities
- Responsible for project work and daily support as outlined by the business.
- Increase efficiencies in the current department.
- Analyze business requirements and translate them into technical specifications.
- Design, develop, code, conduct code reviews, and test applications following Software Development Life Cycle (SDLC) best practices.
- Manage application releases and incidents.
- Develop and implement tools to support trading and risk management activities.
- Support large federal projects involving front-office risk aggregation and analysis.
- Gather new requirements from the trading desk and manage solution delivery through quant libraries and associated IT systems.
- Maintain and improve existing pricing tools and operational framework.
- Provide quantitative support to trading desk quants and the trading desk.
- Undertake special projects related to pricing models, trades, and risk management.
- Assist with pricing new products and assessing the feasibility of modeling approaches.
- Provide desk-based research assistance as required.
Requirements
- Pursuing a Masters or PhD, graduating in December 2027 or May 2028.
- Completion of a four-year university degree in Computer Science, Engineering, Mathematics, or a comparable rigorous scientific field with academic excellence.
- High qualifications in 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, or Java.
- Knowledge of relevant applications, risk management systems, and IT.
- Spreadsheet and tool building experience.
- Ability to manage multiple competing priorities 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.
- Analytical skills for transforming defined business needs into software requirements.
- Ample knowledge and understanding of software design principles and development best practices throughout the full life cycle.
- Self-managed and results-oriented with a keen sense of ownership.
- Desire and commitment to learn and adapt as needed.
- Time management skills and the ability to engage in multiple initiatives simultaneously.
- Troubleshooting, problem-solving abilities, and a detail-oriented work ethic.
- No licenses required.
- No designations required.
Skills
- Python
- C++
- R
- Java
- Spreadsheet
- Tool building
- Teamwork
- Communication
- Analytical skills
- Software design principles
- Software development best practices
- Time management
- Troubleshooting
- Problem-solving
- Detail-oriented
Location
- New York, United States of America
Work Type
- Full time
- Fixed Term
Experience Level
- Student/Coop
Education Level
- Masters or PhD
- Four-year university degree in Computer Science, Engineering or Mathematics (or comparable rigorous scientific field)
Salary/Compensations
- $140,000
About the Company
- RBC Capital Markets is a premier investment bank providing products and services to corporations, institutional investors, and governments globally. With over 7,100 professionals in 70 offices across 15 countries, we assist clients in over 100 countries with capital raising, market access, risk mitigation, and asset acquisition/disposal. Consistently ranked among the largest global investment banks, RBC Capital Markets is part of Royal Bank of Canada (RBC), a leading financial services provider founded in 1869. RBC is one of the top 15 largest banks worldwide and the fifth largest in North America by market capitalization, recognized for its strong capital base, consistent financial performance, and high global ratings.
- At RBC, we are guided by our shared values of Client First, Integrity, Collaboration, Respect, and Excellence, fostering a culture of winning together. We believe an inclusive workplace with diverse perspectives is crucial for our growth as a major global bank. We are committed to creating a supportive environment where employees can perform at their best, collaborate effectively, drive innovation, and grow professionally. This commitment helps bring our Purpose to life and create value for our clients and communities through policies and programs that promote respect, belonging, and opportunity for all.