Vice President Quantitative Risk
The Vice President of Quantitative Risk at RBC Capital Markets LLC is responsible for building and validating models for the credit and municipal bond markets while automating trading processes. The candidate must have a Master’s degree in a related field and at least five years of relevant experience in developing pricing models and machine learning. The role also requires collaboration with trading teams and maintaining existing quantitative infrastructure.
Description
Vice President Quantitative Risk, RBC Capital Markets LLC, Jersey City, NJ:
Building statistical and machine learning models in the space of U.S. credit and municipal bond market. Developing quantitative risk metrics. Validating and monitoring model results. Automating trading and sales process. Building trading tools. Conducting backtesting and performance analysis of trading strategies. Collaborating with traders and sales teams to optimize pricing models. Maintaining and enhancing existing quantitative research infrastructure.
Telecommuting permitted up to 1 day per week.
Full time employment, Monday – Friday, 40 hours per week, $165,000.00 per year.
MINIMUM REQUIREMENTS:
- Must have a Master’s degree in Statistics, Maths, Quantitative Finance, Data Science, Computer Science or a related field and 5 years of related work experience.
- Must have 5 years of experience in:
- Developing and validating pricing models for spread products and fixed income securities.
- Machine learning modeling in U.S. credit and municipal bond markets.
- Python and SQL for developing statistical and machine learning models.
- Quantitative desk support in fast-paced trading environments.
- Must have 3 years of experience in:
- Statistical analysis and econometric modeling, specifically in time series analysis and market analysis.
- Bloomberg Terminal or equivalent market data platforms.
- Data visualization tools (Tableau, Streamlit, and Grafana).
The base salary for this job is $165,000.00 per year. This salary 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
RBC Capital Markets
RBC Capital Markets is a global investment bank providing services in banking, finance, and capital markets.