Senior Data Scientist, Corporate Treasury
Top Benefits
About the role
**Job Description
What is the opportunity?
The Balance Sheet Modeling team is responsible for developing advanced quantitative models that simulate the Bank’s balance sheet, optimize funding strategies, and assess liquidity and interest rate risk under forward-looking scenarios. We are seeking a highly motivated Data Scientist to design and implement predictive and time-series models that simulate the Bank’s financial position under a range of macroeconomic and business environments.
The successful candidate will bring a strong set of quantitative and programming skills, coupled with deep understanding of balance sheet dynamics, asset-liability modeling, and banking products, with a proven ability to translate complex financial concepts into robust quantitative models.
What will you do?
- Build and maintain predictive and time-series models to forecast balance sheet dynamics, including personal and commercial deposits, loans and other key treasury positions.
- Develop scenario-based simulations to assess balance sheet dynamics under various macroeconomic and regulatory conditions (e.g. stress testing, IRRBB, liquidity).
- Source, clean and transform large financial and behavioral datasets from internal and external systems.
- Apply statistical and machine learning techniques to identify drivers of balance sheet behavior and customer dynamics
- Partner with Treasury, Risk, Finance and Business Units to gather assumptions and integrate model outputs into planning and decision-making.
- Develop scenario analysis capabilities through simulation to assess the impact of economic and rate shocks on the balance sheet and net interest income.
- Translate complex balance sheet behaviours (e.g. prepayment, deposit decay, reinvestment strategy) into quantitative modeling frameworks.
- Ensure models meet internal governance and external regulatory standards, including documentation, validation and audit readiness.
- Monitor model performance and enhance methodologies to reflect changes in the economic environment and banking behaviour.
- Provide technical leadership to junior analysts and collaborate with model validators and other stakeholders.
What do you need to succeed?
Must-have:
-
Bachelor’s or Master’s degree in a quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering or a related field.
-
Strong proficiency in Python or similar programming languages for data analysis and model development.
-
Hands-on experience with time-series modeling (e.g. ARIMA, VAR), machine learning models (e.g. random forest, neural network) and Monte Carlo simulation framework.
-
Minimum of 3 years of experience in financial institution, preferably in corporate treasury, ALM, risk management, interest rate risk, liquidity risk, and behavioural modeling.
-
Expert knowledge in survival analysis modeling frameworks and working knowledge of Monte Carlo simulation.
-
Solid understanding of bank balance sheet structure, interest rate risk, liquidity risk and behavioral modeling.
Nice to have:
- Strong analytical, problem-solving, and communication skills, with the ability to present complex material to non-technical stakeholders.
- Familiarity with regulatory frameworks (e.g. IRRBB, Basel III) is a strong asset.
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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
• Excellent exposure to communicate with various business partners and stakeholders
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within RBC
• Access to top tier learning resources to help shape your professional career
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation
• “Best in Class” Employee Recognition Program
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Data Scientist, Corporate Treasury
Top Benefits
About the role
**Job Description
What is the opportunity?
The Balance Sheet Modeling team is responsible for developing advanced quantitative models that simulate the Bank’s balance sheet, optimize funding strategies, and assess liquidity and interest rate risk under forward-looking scenarios. We are seeking a highly motivated Data Scientist to design and implement predictive and time-series models that simulate the Bank’s financial position under a range of macroeconomic and business environments.
The successful candidate will bring a strong set of quantitative and programming skills, coupled with deep understanding of balance sheet dynamics, asset-liability modeling, and banking products, with a proven ability to translate complex financial concepts into robust quantitative models.
What will you do?
- Build and maintain predictive and time-series models to forecast balance sheet dynamics, including personal and commercial deposits, loans and other key treasury positions.
- Develop scenario-based simulations to assess balance sheet dynamics under various macroeconomic and regulatory conditions (e.g. stress testing, IRRBB, liquidity).
- Source, clean and transform large financial and behavioral datasets from internal and external systems.
- Apply statistical and machine learning techniques to identify drivers of balance sheet behavior and customer dynamics
- Partner with Treasury, Risk, Finance and Business Units to gather assumptions and integrate model outputs into planning and decision-making.
- Develop scenario analysis capabilities through simulation to assess the impact of economic and rate shocks on the balance sheet and net interest income.
- Translate complex balance sheet behaviours (e.g. prepayment, deposit decay, reinvestment strategy) into quantitative modeling frameworks.
- Ensure models meet internal governance and external regulatory standards, including documentation, validation and audit readiness.
- Monitor model performance and enhance methodologies to reflect changes in the economic environment and banking behaviour.
- Provide technical leadership to junior analysts and collaborate with model validators and other stakeholders.
What do you need to succeed?
Must-have:
-
Bachelor’s or Master’s degree in a quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering or a related field.
-
Strong proficiency in Python or similar programming languages for data analysis and model development.
-
Hands-on experience with time-series modeling (e.g. ARIMA, VAR), machine learning models (e.g. random forest, neural network) and Monte Carlo simulation framework.
-
Minimum of 3 years of experience in financial institution, preferably in corporate treasury, ALM, risk management, interest rate risk, liquidity risk, and behavioural modeling.
-
Expert knowledge in survival analysis modeling frameworks and working knowledge of Monte Carlo simulation.
-
Solid understanding of bank balance sheet structure, interest rate risk, liquidity risk and behavioral modeling.
Nice to have:
- Strong analytical, problem-solving, and communication skills, with the ability to present complex material to non-technical stakeholders.
- Familiarity with regulatory frameworks (e.g. IRRBB, Basel III) is a strong asset.
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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
• Excellent exposure to communicate with various business partners and stakeholders
• Opportunity to obtain hands-on experience throughout your role
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within RBC
• Access to top tier learning resources to help shape your professional career
• Excellent career development and progression opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation
• “Best in Class” Employee Recognition Program
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.