Analyst – Interest Rate Strategy

Job Description

What is the opportunity

Join RBC’s Interest Rates Strategy team, supporting senior strategists and developing your macro & markets knowledge.  You’ll turn macro and market data into clear, actionable insights, forecasts, and trade ideas for RBC’s institutional clients and sales/trading encompassing cash bonds and derivatives. Work in a collaborative culture where there is room to grow and expand your career

What you'll do

• Monitor, collect, and analyze macroeconomic and markets data (cash, swaps, yield curve, and relative value) and translate it into insightful content.
• Maintain existing models and/or analytical tools & importantly build new ones. Leverage AI/coding to streamline processes, develop new content, and backtest trade ideas.
• Improve existing processes and develop new ones for systematic monitoring, efficient, robust, and accessible usage in strategy publications.
• Assist in interest rate forecasting, idea generation, analysis, and production of original strategy content for distribution to institutional clients.  
• Continuously monitor relevant market developments, price movements, data releases, headlines, comments from public officials, academic literature, etc.
• Work primarily with the Canada rates strategy team but also assist with the broader North America rates strategy team (i.e. US), to create and prepare original analysis for consumption by institutional clients, update and maintain various models/spreadsheets, build new analytical and market-monitoring tools, and help keep sales/trading & clients abreast of any relevant market developments.

• Regularly interact with internal stakeholders (sales and trading)
• Work to ensure accuracy, visual interest, and consistency of branding for all written rate strategy products.
• Assist in responding to ad hoc requests from both internal and external clients.
• Over time, take on more forward-facing responsibilities, such as authoring original content, providing internal market updates, participating in client calls, and contributing to in-person client meetings.

What do you need to succeed?

• Data competency – source, clean, analyze, and intuitively present data. Strong Excel, Math, or statistical skills.
• Undergraduate degree (or higher). Will consider a wide range of degrees, preferably in areas of STEM (science, technology, engineering, and mathematics), data/computer science, financial engineering, economics, business, finance, statistics.
• More advanced programming, data science, AI, or Bloomberg experience is a plus
• Ability to work well and communicate with a broad array of personalities
• Attention to detail, self starter, passionate about learning/information and ability to work under tight deadlines
• Previously proven writing skills, and/or oral presentation skills aren’t necessarily required, but would be considered a plus

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, commissions, and stock where applicable
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to build close relationships with clients
• Access to a variety of job opportunities across business and geographies

#LI-KA2

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.

Pay Range

The expected pay range for this position is:

The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay range for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.

You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.