2025 Capital Markets, Quants Summer Associate, Quantitative Technology Services

RBC Capital Markets, LLC
United States, New York, New York
Nov 10, 2024
Job Summary Job Description 2025 Quants Summer Associate, Quantitative Technology Services ABOUT RBC CAPITAL MARKETS RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 70,000 professionals, we operate out of 59 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region. We work with clients in over 100 countries around the globe to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. According to Bloomberg and Dealogic, we are consistently ranked among the largest global investment banks. RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 10 largest banks in the world and the fourth- largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks. What will you do? Summer Associates have the opportunity to gain in-depth knowledge of Capital Markets, establish strong partnerships with business units and technologists around the world and develop your skills by providing creative technical solutions to solve complex business issues. Principle Responsibilities: Responsible for 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 Develop and implement miscellaneous tools to support trading and risk management activities Carry out special projects related to pricing models, trades, and risk management Provide desk-based research assistance as required Basic Qualifications: Pursuing a Masters or PhD, graduating in December 2025 or May 2026 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 Other Required Qualifications: 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 in the full life cycle Self-managed and results-oriented with a keen sense of ownership Desire and commitment to learn/adapt as needed Time management and the successful engagement of multiple initiatives simultaneously Troubleshooting, problem-solving and a detail-oriented work ethic No licenses required No designations required The good-faith expected salary range for the above position is $140,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and play 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 Skills Additional Job Details Address: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK City: New York Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: CAPITAL MARKETS Job Type: Student/Coop (Fixed Term) Pay Type: Salaried Posted Date: 2024-10-09 Application Deadline: 2024-12-01 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. 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. 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.