At a Glance
- Tasks: Bridge finance and tech by translating complex models into algorithms for investment tools.
- Company: Join RBC, a leading bank committed to innovation and inclusivity.
- Benefits: Competitive salary, bonuses, flexible benefits, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities for challenging work and career advancement.
- Why this job: Make a real impact in finance while working with cutting-edge technology in a dynamic team.
- Qualifications: 7+ years in quantitative finance; Master's or Ph.D. in a quantitative field required.
The predicted salary is between 135000 - 165000 $ per year.
We are seeking a Lead Financial Engineer to bridge the gap between our investment strategy business units and our software engineering teams. In this role, you will translate complex financial models into precise mathematical specifications and algorithms for our investment management proposal system. You will sit within the Investment Product Team, working daily within an Agile development framework to build tools for portfolio optimization, risk assessment, and client wealth forecasting.
What will you do?
- Algorithm Definition: Collaborate with business stakeholders to define, refine, and document quantitative algorithms for the investment proposal platform.
- Mathematical Translation: Convert high-level financial models and concepts into rigorous mathematical formulas and technical specifications for software developers.
- Core Model Support: Own the mathematical integrity of core system features, including portfolio optimization, Monte Carlo simulations, financial health scoring, and probability-based goal assessment models.
- Agile Collaboration: Serve as the quantitative Subject Matter Expert (SME) within Scrum teams, participating in story writing, sprint planning, refinement, and code/math reviews.
- Validation & Testing: Design and execute prototype models in Python or R to validate algorithmic accuracy before full-scale software production.
- Product Strategy: Assist the Product Owner in prioritizing the quantitative roadmap based on business value and technical feasibility.
What do you need to succeed?
- Must have:
- Experience: 7+ years of professional experience in quantitative finance, financial engineering, or asset management role.
- Education: Master's degree or Ph.D. in Financial Engineering, Quantitative Finance, Mathematics, Statistics, Physics, Computer Science, or a highly quantitative field.
- Domain Expertise: Deep understanding of modern portfolio theory (MPT), multi-period asset allocation, stochastic processes, and statistical simulation techniques.
- Technical Skills: Proficiency in Python, R, or MATLAB for prototyping and data analysis. Familiarity with SQL and version control (Git).
- Software Delivery: Proven experience working alongside software engineers and translating financial math into clear, implementable developer specifications.
- Methodology: Experience working within an Agile/Scrum development lifecycle.
- Communication: Exceptional ability to communicate highly complex mathematical concepts to both non-technical business partners and software engineers.
- Nice to have:
- Experience building software components specifically for wealth management, robo-advisory, or retail investment proposal platforms.
- Basic understanding of object-oriented programming (e.g., C#, Java, or C++) to help audit production code implementations.
What's in it for you?
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
- 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 take on progressively greater accountabilities.
Senior Lead Financial Engineer in Toronto employer: RBC
RBC is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation thrives and employees are empowered to grow. As a Senior Director in Toronto, you will lead a talented team in developing cutting-edge AI solutions that transform the banking experience for millions, while enjoying comprehensive benefits, professional development opportunities, and a commitment to community impact. Join us to be part of a collaborative environment that values diverse perspectives and champions your success.
