Rates Algo Developer, Associate

Job Description

What is the opportunity?

The Liquid Macro Market Making team (LMM) is responsible for RBC’s electronic FX and Rates trading. We build and operate the pricing and hedging algorithms that deliver reliable client pricing and automate our market and risk responses. The team combines deep market microstructure knowledge, trading acumen, strong software engineering, and quantitative expertise.

We are looking for an Algo Developer in New York with eRates focus to expand and improve our algo trading stack. These algorithms drive price construction and auto-hedging of our risk. We are a Java shop, so Java proficiency is essential, along with quant experience and familiarity with the microstructure of electronic markets. Our algos operate under tight latency constraints, making low-latency coding experience highly valuable. We also use q/kdb and Python, and experience in these is a plus.

What will you do?

As an eRates Algo Developer on the LMM team, you will:

• Research and develop strategies for price construction and auto-hedging behavior
• Write production-quality code for pricing and hedging Rates instruments
• Monitor algo performance intraday, ensuring pricing and hedging behave as expected and resolving issues as they arise

What do you need to succeed?

• A strong sense of ownership over your work — someone who takes pride in software design and code quality
• Java proficiency (~2–5 years of experience)
• Analytical mindset with the ability to propose practical solutions to trading challenges
• Curiosity and ability to explore time series and unstructured data, formulate hypotheses, and validate them rigorously

• Preferred:

  • Knowledge of Rates pricing and electronic markets
  • Strong statistical and mathematical background
  • Experience with zero-GC and low-latency design patterns in Java
  • Proficiency in q/kdb and Python

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

* 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 build close relationships with clients.

The expected salary range for this particular position is $165,000-200,000 depending on your experience, skills, and registration status, market conditions and business needs.

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

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

* Drives RBC’s high-performance culture

* Enables collective achievement of our strategic goals

* Generates sustainable shareholder returns and above market shareholder value

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:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-22

Application Deadline:

2026-08-28

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

Our Employment Opportunities

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