Associate, Liquidity Management Quants

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Job Description

WHAT IS THE OPPORTUNITY?

The candidate performs in a junior liquidity analyst capacity, provides accurate risk results and value-added information and supports manager with analytics and strategic analysis.”

WHAT WILL YOU DO?

• Responsible for producing various daily liquidity reports, such as LCR, BLCR, sources and uses of funding etc., and provide value-added analysis and maintain accuracy and high quality
• Provide businesses support to understand changes of their liquidity positions and provide answers to their queries
• Support new business requests for liquidity management purposes
• Monitor and identify areas of the work where efficiency and productivity can be improved, errors can be eliminated and potential risks can be minimized and implement the solutions
• Develop a thorough understanding of data sources, key attributes and process from end to end in various systems and write query scripts to implement changes and automation
• Build knowledge of the wide variety of products in the complex business platform and be able to understand the liquidity risk implications
• Develop understanding of regulatory liquidity metrics including Basel III LCR and NSFR
• Develop understanding of internal liquidity metrics
• Technology savvy, identify the constraints in the work team is facing and implement technical solutions
• Provide backup and necessary support to other team members
• The following responsibilities apply to you in your role as a member
• of the global Quant Team:
• Proactively identify operational risks/ 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 that you identify to your line manager and the relevant risk and control functions on a timely basis.
• Identify, assist and manage operational risks/control deficiencies in the business.
• Work to prevent, to detect, and to eliminate the potential for risk and liability to the Firm.

Must have

• Superb computer/system technical skills, such as Python, VBA, SQL, C++, SAS, R, Matlab, MS Access and other MS suite of applications
• Strong understanding of Capital Markets business, products and systems
• Strong understanding of liquidity risk and financial regulations including Basel III regulatory requirements
• 3+ years of experience in a similar role at Financial Institutions in the area of Capital Markets business, Liquidity, Treasury, Finance and/or Risk Management.

Preferred:

CA, CFA or a postgraduate degree in Finance, Economics, Computing Science or equivalent relevant work experience in Capital Markets and/or Treasury function

Nice-to-have:

Preferred:

• CA, CFA or a postgraduate degree in Finance, Economics, Computing Science or equivalent relevant work experience in Capital Markets and/or Treasury function

Behavioral

• Strong written and oral communication skills

• Accountable, a self-starter, a team player as well be able to work independently

• Ability to build strong working relationship and work effectively as the role requires interactions with many departments across the firm both in front and back offices

• Flexible and adaptable

• Result and detail oriented

• Strive for a high quality output

Technical

• A “forensic” approach to data: thoroughly understand origin, use and flow of information

• Ability to apply knowledges and derive solutions

• Advanced relational database knowledge

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, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

The good-faith expected salary range for the above position is $80K - $135K depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

· Drives RBC’s high performance culture

· Enables collective achievement of our strategic goals

· Generates sustainable shareholder returns and above market shareholder value

Job Summary

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Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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