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

2024 Capital Markets, Global Markets Quantitative Summer Analyst

Job Description

2024 Global Markets Quantitative Summer Analyst Program

New York, NY

WHAT IS THE OPPORTUNITY?

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 7,100 professionals, we operate out of 70 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 15 largest banks in the world and the fifth 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.

Global Markets Quantitative Summer Program

RBC’s Global Markets Quantitative Summer Internship Program offers an unrivaled opportunity to join one of our highly technical quantitative trading or research development teams. You will be placed on a team made up of leading mathematicians, software engineers, and data scientists who are focused on developing solutions for RBC. RBC’s strategic objective is to find excellent candidates with a STEM/Computer Science background, hire them onto our platform, and promote the ongoing development of this junior cohort to become leaders in this space.

WHAT WILL YOU DO?

As an integral part of the Global Markets Quantitative Internship Program, interns can expect to:

Apply and enhance their quantitative skills through empirical research projects
Back-testing trading strategies, solving optimal execution problems, or development of performance metrics are some examples of assignments
Develop market knowledge in a wide array of asset classes, including ETFs, Equities, Options, Futures, FX, Fixed Income, and Commodities
Analyze large data sets and perform market research to provide in-depth recommendations and ideas to senior colleagues
Generate new ideas by collaborating with highly technical teams to develop new technologies that will improve daily business
Assist in creating, implementing and monitoring complex algorithms in a wide variety of asset classes
Become immersed in a comprehensive education program for interns and junior traders/researchers that will develop critical quantitative skills and decision-making capabilities

WHAT DO YOU NEED TO SUCCEED?

In selecting Summer Analysts and considering full-time offers, we look for the following:

Undergraduate, Masters, or PhD students in their penultimate year of study at an accredited college or university
Engaged in study of Math, Physics, Engineering, Computer Science, or related field
Advanced programming skills, with experience in Python, Java, R, C#, or C++
Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
Strong teamwork and communication skills
A curiosity about financial markets and the concepts and technologies which underpin them

WHAT’S IN IT FOR YOU?

We thrive on the challenge to be our best in a team-oriented, creative environment 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. During the Global Markets Quantitative Internship Program, you will be getting:

Best in class training which include orientation sessions as well an in-class curriculum and regular information sessions with key business leaders
Direct exposure to the different areas of capital markets
An understanding of RBC Capital Markets’ global capabilities
Unique exposure to and experience in international markets

The good-faith expected salary range for the above position is $100,000 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 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

Global Markets Quantitative Summer Analyst 2024