What is the opportunity?
- Support the model governance framework, including maintaining an inventory of algorithmic trading models, documentation of model details, and overseeing the model validation process
- Support the Vice President of Equities, and Macro and Spread, Trading Supervision providing cross asset governance and oversight of Global Markets Algorithmic Trading businesses to meet internal/regulatory requirements and industry best practices
- Delegated Supervisory responsibilities within Global Markets, primarily in relation to Model Risk and Algorithmic Trading
What will you do?
- Work alongside front-office and technology teams to identify and inventory algorithmic trading models.
- Coordinate documentation and risk assessment of algorithmic trading models.
- Oversee the model validation process and track issue remediation.
- Keep abreast of regulatory change and guidance, analyzing communications and policies in consideration of the impact on Global Markets from a Model Risk perspective
- Foster, develop and maintain a strong working relationship with Enterprise Model Risk Management.
- Execute supervisory activities as part of the and Algorithmic Trading Supervisory program, designed to meet internal and external requirements.
- Support the Vice President of Equities, and Macro and Spread, Trading Supervision with preparation and maintenance of documentation on trading algorithms and key controls
- Forge partnerships with control colleagues across RBC such as legal, compliance, risk, audit, and technology control functions.
- Leverage expertise and technology, where possible, in an effort to automate and reduce inefficiencies related to Supervisory reviews
What you need to succeed?
Basic Qualifications – Must Have
- At least 1+ years experience in a global markets setting
- Experience with the model risk management framework – model inventory, governance, risk assessment, and validation
- Familiarity with model risk regulations – FRB: SR 11-7, PRA: SS 1/23
- Familiarity with Algorithmic trading activity, including risks and expected controls
- Solid understanding of financial markets across equities, macro, and spread products.
- Experience handling, analyzing and using large datasets to achieve business outcomes
- Comfortable working in a fast-paced environment
- Ability to collaborate and manage projects in a complex matrixed organization
- Excellent communication and interpersonal skills
- Ability to work under pressure, responding to demanding stakeholders with time sensitive deadlines
- Keen attention to detail
Other Required Qualifications – Nice-to-have:
- Master’s or advanced degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative field
- Familiarity with popular machine learning frameworks and libraries
- Data analysis skills – Python, kdb/q
- Ability to work with ambiguity and navigate a highly regulated environment
- Experience leading complex global cross-business projects
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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Bond Trading, Communication, Critical Thinking, Detail-Oriented, Futures Markets, Market Risk, Options Analysis, Systems Applications, Trade Client Reporting
