Lead Financial Engineer, Software

Job description

Job Description

What is the Opportunity? 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 inside 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? 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 succeed 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 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. #LI-POST

Job Skills

Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Results-Oriented Additional Job Details Address: 180 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: Job Type: Regular Pay Type: Salaried Posted Date: 2026-08-28 Application Deadline: 2026-10-16 Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above 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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