2027 Capital Markets, Global Equities, Quantitative Trading Analyst (16 Months, Co-op)

About the role

RBC Capital Markets seeks a Quantitative Trading Analyst for a 16-month co-op in Global Equities in Toronto. The analyst will research and implement quantitative trading strategies, analyze market data, build analytical tools, and collaborate with trading and cross-functional teams to improve trading performance.

Role and Team

• Join a specific Global Equities team for the duration of the co-op placement.
• Potential desks include electronic market making, algorithmic trading, ETF, structured products, delta one, and options flow trading.
• Work within a collaborative team on Canada’s largest trading floor.

Responsibilities

• Research, create, and implement quantitative trading strategies using optimization and machine-learning techniques.
• Expand existing algorithms that trade millions of shares thousands of times per second.
• Analyze market data and investigate previously unexplored structural research areas.
• Build and maintain analytical tools supporting research, trading activities, and efficiency improvements.
• Collaborate with sales, IT, risk management, and middle/back office teams on trading initiatives.
• Assist with booking, reporting, and market analysis involving futures, forwards, swaps, option combinations, and ETFs.

Requirements

• Post-secondary education in engineering, mathematics, statistics, economics, computer science, or another quantitative field.
• Strong mathematics, statistics, statistical modelling, optimization, and Bayesian statistics knowledge.
• Strong programming experience, including Python and SQL.
• Creative problem-solving, critical-thinking, teamwork, and communication skills.
• Previous finance experience is not required.

Preferred Qualifications

• Familiarity with Black-Scholes options pricing models and listed options.