GRM, Analyst Intern

Participates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.

What is the opportunity?

Enterprise Model Risk Management is looking for an intern to help out with limited scope validations of pricing and risk models for interest rate derivative products.

What will you do?

• Review model submissions and provide feedbacks to reporting manager
• Help with testing new and existing pricing and risk models
• Write limited scope validation reports
• Improve the existing validation workflows

What do you need to succeed?

Must-have

• Good communication and interpersonal skills
• Basic knowledge of interest rate products such as swaps/basis swaps and European caps/floors/swaptions etc.
• Bachelor's degree or close to graduating in a discipline such as actuarial science, finance, mathematics, computer science, physics, or other quantitative sciences
• Decent knowledge and ability to use Python programming language
• Familiarity with Excel and Word

Nice-to-have

• Basic knowledge and ability to use C++ programming language
• CFA or FRM designation

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.

• 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 and make a difference
• Opportunities to building close relationships

Please note: This posting is for a 4-months Fall 2024 Student placement with a start date of September 2024, and end date of December 2024. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of December 2024 ; or
• If you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is May 31, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

EVP3P1

ET24

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking Initiative

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeStudent/Coop (Fixed Term)Salaried2024-02-262024-05-31

Inclusion and Equal Opportunity Employment