Associate Director - Quantitative Analytics

RBC • New York, NY

3d • $120,000 - $200,000

About The Position

What is the opportunity? RBC Capital Markets is seeking an Associate Director with strong modeling skills, sound analytical judgment, and securitization experience. You will work on model development, collaborate with front office and credit risk colleagues, and serve as a subject matter expert on quantitative analytics of securitizations. This role offers the opportunity to shape modeling standards and contribute directly to deal execution and credit risk assessment across various structured finance asset classes, including digital infrastructure, renewable energy, transportation, consumer credit, real estate, and structured fund finance. The Securitization Analytics team sits at the intersection of credit risk management and the securitization financing business, with a global mandate to enhance the franchise’s quantitative analytics across deal structuring, credit risk, and monitoring. It’s a dynamic, collaborative environment where the right candidate will play an instrumental role in building a strong risk platform and driving growth. What will you do? Develop and implement quantitative models, in close partnership with the trading desk, to value and assess risk of structured products across traditional and non-traditional asset classes. Contribute to risk criteria papers that document model assumptions and internal rating methodology. Manage criteria & model validation process and remediate findings. Monitor emerging industry trends, evaluate credit risk drivers, and communicate market developments with risk managers and the business. Incorporate research to improve calibration and performance of models and criteria. Redesign processes to improve how credit risk is managed, measured and monitored across the bank’s exposures. Analyze business activities and credit risk of investments on the organization. Ensure compliance with credit risk management policies and procedures, limits, and guidelines. What do you need to succeed? Must-have Degree in a quantitative field such as mathematics, finance, engineering, computer science, physics. 5+ years in an analytical, modeling or quantitative role within financial services. Experience in securitization with knowledge of multiple asset classes. Advanced Excel skills. Knowledge of a programming language. Self-starter who can work independently and collaborate well in teams. Multi-tasker who can manage competing priorities and drive results. Interpersonal skills and strong communicator who can explain analytical and technical concepts to internal and external stakeholders. Nice-to-have: CFA, FRM, or Graduate degree in a relevant field. Experience in adjudication, credit rating, or underwriting. Strong programming abilities (Python, R, VBA, or similar). Experience with data analysis and data preparation/management. 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off. 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. Opportunities to do challenging work. Opportunities to build close relationships with clients. The expected salary range for this particular position is $120,000-$200,000, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals. 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

Requirements

• Degree in a quantitative field such as mathematics, finance, engineering, computer science, physics.
• 5+ years in an analytical, modeling or quantitative role within financial services.
• Experience in securitization with knowledge of multiple asset classes.
• Advanced Excel skills.
• Knowledge of a programming language.
• Self-starter who can work independently and collaborate well in teams.
• Multi-tasker who can manage competing priorities and drive results.
• Interpersonal skills and strong communicator who can explain analytical and technical concepts to internal and external stakeholders.

Nice To Haves

• CFA, FRM, or Graduate degree in a relevant field.
• Experience in adjudication, credit rating, or underwriting.
• Strong programming abilities (Python, R, VBA, or similar).
• Experience with data analysis and data preparation/management.

Responsibilities

• Develop and implement quantitative models, in close partnership with the trading desk, to value and assess risk of structured products across traditional and non-traditional asset classes.
• Contribute to risk criteria papers that document model assumptions and internal rating methodology.
• Manage criteria & model validation process and remediate findings.
• Monitor emerging industry trends, evaluate credit risk drivers, and communicate market developments with risk managers and the business.
• Incorporate research to improve calibration and performance of models and criteria.
• Redesign processes to improve how credit risk is managed, measured and monitored across the bank’s exposures.
• Analyze business activities and credit risk of investments on the organization.
• Ensure compliance with credit risk management policies and procedures, limits, and guidelines.

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level