Director - Valuations Change Management Lead & Structured Rates Product Head - Product Control [...] (London)

Royal Bank of Canada London, United Kingdom

Royal Bank of Canada London, United Kingdom

Director - Valuations Change Management Lead & Structured Rates Product Head - Product Control (Valuations Methodology - CFO)

Job Summary

Job Description

What is the opportunity?

RBC is currently searching for a highly technical interest rate derivative specialist to join their Valuations Methodology Team in London.

The role is created by an internal move and would suit a quantitative-focused candidate looking for a technical challenge.

Valuations Methodology is part of the Product Control Team.

The incumbent will assume responsibility as Valuations Change Management Lead & Structured Rates Product Head. It is expected that the role will require 60-70% focus on our Project VAMPP (Valuations & Methodology Python Project) with the remainder devoted to SRT Product Head responsibilities.

Project VAMPP is a multiyear initiative aiming to upgrade Valuations infrastructure. Initial focus is on replacing Excel based workflows into Python to drive ROI.

In future, we are aiming to add data analytics within our processes and explore the use of latest technology including GenAI.

You will be working closely with senior members of the Methodology team, Quantitative and Technology Services (QTS) and the business to create high-quality technology solutions to support business growth and innovation.

You will plan and prioritise the deliverables ensuring controlled deployment of Python code stack within tactical and strategic environments.

As the SRT Product Head, you will be responsible for IPV (Independent Price Verification) and other valuation adjustments.

RBC's expectation is that from mid-September 2025, all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.

What will you do?

• Drive Operational Excellence by automating the workflows with End-to-End solution
• Lead Project VAMPP, globally, supporting valuation analytics and architecture
• You will be a hands on programmer. Along with other contributors, you will develop prototypes in Python, which eventually will be included into official production code stack.
• Responsible for planning and prioritising our deliverables.
• Oversee creation of a controlled workflow, including code documentation and methodologies across all business areas, with initial focus on SRT.
• Carry out the code review and develop overall understanding of code stack.
• Coordinate the overall project structure and project management using JIRA.
• Oversee and feedback on development of Valuations Methodologies by other senior members.
• Build on your understanding of pricing models for Rates, Equities, XVAs and FX.
• Manage a team of three experienced Associate Directors.

What do you need to succeed?

Must-have

• Experience and solid understanding of derivative modelling mainly in Rates with some exposure in other areas, i.e. Equities, FX or Commodities.
• Programming experience with proficiency in Python.
• Experience in using project management tools like JIRA.
• Code change management experience using GitHub.
• Strong focus on delivering working software to production.
• Excellent attention to detail and strong code review skills.
• Experience in mentoring / developing senior members of the team and assist them with their career progression.
• Excellent academic credentials with a Masters or PhD in a quantitative field such as Quantitative Finance, Physics, Mathematics, Engineering.
• Extensive experience in Valuations, Risk, Trading or Quants world.

Nice-to-have

• Proficiency in Object Oriented Python Development.
• Experience in using and manipulating quants pricing libraries.
• Delivering high profile projects.

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.

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Opportunities to work with the best in the field.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills
Atlassian JIRA, Change Management, Code Documentation, GitHub, Project Management, Python (Programming Language)

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-07-09

Application Deadline:

2025-07-23
Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At 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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