Job Description

What is the opportunity?

An Analyst or Associate role on the XVA Desk within RBC's Treasury Services group in Toronto. The XVA Desk trades, structures, and prices counterparty-related risks (CVA, FVA, KVA, and ColVA) for all derivative asset classes globally. The desk also manages derivatives collateral optimisation across Variation Margin, CCP initial margin, and regulatory margin.

This role combines immediate front office responsibilities with building the XVA Desk of the future. You'll start by pricing and hedging trades, running daily processes, and supporting current operations. But critically, you'll also begin identifying how these workflows can be systematised, automated, and enhanced through technology. As you develop expertise, you'll increasingly focus on designing intelligent systems, building pricing and hedging tools, and leveraging AI to transform how XVA risks are priced and managed. This dual focus—balancing a hands-on global derivatives role with an engineering mindset—makes the role ideal for someone who wants genuine front-office XVA experience while actively shaping the desk's evolution.

The role suits recent graduates or professionals with 1–3 years of experience who combine derivatives knowledge with strong technical skills and engineering instincts. You'll work alongside experienced traders, structurers, and quants while partnering with IT development teams to build autonomous pricing and hedging systems.

The level of the position (Analyst/Associate) will be determined based on the candidate's experience and qualifications. Compensation for this role includes a competitive base salary, a variable bonus structure tied to performance, and a comprehensive benefits package. Specific details will be discussed during the interview process and tailored to the candidate's qualifications and the role's requirements."

What will you do?

Initial responsibilities:

• Quote XVAs (ie. CVA, FVA, KVA, and ColVA etc.) on live transactions, incorporating hedging bid/offers, XVA book axes, and client feedback

• Partner with global Sales and Trading desks to explain XVA charges and support complex trade pricing

• Run daily processes including PnL flash, risk exchanges, XVA transfer pricings, and related reporting

As you develop:

• Identify automation opportunities within daily workflows and translate business requirements into technical solutions alongside IT teams

• Build prototypes using AI/Python and develop data pipelines to enable real-time analytics and autonomous decision-making

• Partner with Quants and IT to design and enhance XVA pricing tools across all derivative asset classes

• Explore applications of AI and machine learning to enhance pricing accuracy, efficiency, and risk insights

What do you need to succeed?

Required:

• Undergraduate degree in mathematics, engineering, physics, computer science, statistics, or economics with strong quantitative coursework

• Understanding of derivatives fundamentals: pricing concepts, Greeks, and basic options theory

• Strong communication skills to explain technical concepts clearly and translate between business and technology stakeholders

• Advanced Excel skills including financial modelling and data analysis

• Ability to work effectively in a fast-paced, team-oriented environment

Preferred:

• Familiarity with derivatives pricing through coursework, internships, or work experience

• Python skills including data manipulation (pandas, numpy), automation scripting, and building analytical tools

• Previous front office, risk management, quantitative finance, or data science experience

What is 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.

• Gain trading floor experience pricing and hedging XVA risks while building deep derivatives expertise

• Shape the future architecture of the XVA Desk by designing and implementing automation based on firsthand understanding of trading workflows

• Comprehensive Total Rewards Program including performance-based bonuses, flexible benefits and competitive compensation

• Leaders who support your development through coaching and managing opportunities

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

The profile we're looking for

We need someone who thinks like an engineer but wants to reshape the derivatives trading landscape. Someone who can price a complex XVA trade today and architect the system to automate it tomorrow. You should be excited about learning the business deeply—not just to execute it, but to transform it. You're curious about how AI could surface insights we're currently missing and eager to experiment with new technologies in a high-stakes environment. Equally important: you're comfortable holding real pricing and trading responsibilities while you're learning and building. This isn't a role where you step away from the desk to become a technologist; it's where you do both, simultaneously.

#LI-KA2

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-03-26

Application Deadline:

2026-04-10

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:

$90,000.00 - $135,000.00

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 rage 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.