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Quantitative Analyst Jobs in Toronto, ON (NOW HIRING)

Cmcmarkets

Quantitative Trader

Toronto, ON · On-site

Monitor and analyse all external trading costs, identifying significant changes and suggesting cost ... Strong quantitative and analytical skills, with experience in data analysis and modelling.

CIBC

Consultant, Quantitative Risk Modelling

Toronto, ON · On-site

Additionally, the Quantitative Analyst will need to engage with various partner units to understand business problems and communicate model results. How you'll succeed * Technical expertise. Develop ...

New

MUFG

Model Risk Management Analyst, AVP

Toronto, ON · On-site

The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models ...

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Quantitative Analyst information

What is a quantitative analyst?

Quantitative Analysts, often called 'quants,' are professionals who use mathematical models, statistics, and computer programming to analyze financial data and support decision-making in finance. They develop and implement complex models to assess risk, value financial securities, and identify profitable investment opportunities. Quants are commonly employed by investment banks, hedge funds, asset management companies, and other financial institutions. Their work helps optimize trading strategies, manage risk, and improve financial performance.

What does a quantitative analyst do?

The responsibilities of quantitative analysts, or quants, include using mathematical models and statistics to analyze data to assess risks and develop solutions for business issues. In this role, you can work in a variety of industries, from production to finance to insurance. You typically gather and interpret data to help an organization implement a solution for maintaining its fiscal health. Duties vary with the industry. Some positions focus on collecting information from the general public or consumers of particular products through the use of polls and surveys to improve their design and marketing. Other quants work alongside researchers in the health care field to test treatments and medical equipment design.

What are the key skills and qualifications needed to thrive as a quantitative analyst, and why are they important?

To thrive as a Quantitative Analyst, you need a strong background in mathematics, statistics, computer science, and finance, often supported by an advanced degree such as a master's or PhD. Expertise in programming languages like Python, R, or MATLAB, as well as familiarity with financial modeling tools and statistical software, is typically required. Analytical thinking, problem-solving abilities, and clear communication skills help you interpret complex data and convey insights to stakeholders. These competencies are crucial for developing accurate financial models, managing risk, and enabling data-driven decision-making in competitive financial environments.

How does a quantitative analyst typically collaborate with other departments within a financial organization?

Quantitative Analysts frequently work closely with traders, portfolio managers, risk managers, and IT professionals to develop, test, and implement financial models. Effective communication is essential, as they must translate complex quantitative findings into actionable insights for decision-makers. It's common to participate in cross-functional meetings, provide model validation support, and help interpret results for non-technical stakeholders. This collaborative environment fosters both technical skill development and a deeper understanding of the business, which can open doors to broader career opportunities.

What is the difference between Quantitative Analyst vs Data Scientist?

AspectQuantitative AnalystData Scientist
Required CredentialsDegree in finance, mathematics, or statistics; often certifications like CFADegree in computer science, statistics, or related fields; certifications like CAP or data science certifications
Work EnvironmentFinancial firms, investment banks, hedge fundsTech companies, finance, healthcare, and various industries
Employer & Industry UsagePrimarily in finance and investment sectorsAcross multiple industries including tech, healthcare, and retail
Common Search & Comparison IntentUnderstanding roles in finance and investment analysisExploring data analysis and machine learning roles

While both roles involve data analysis and statistical skills, Quantitative Analysts focus on financial modeling and investment strategies within finance firms. Data Scientists have a broader scope, applying data analysis across various industries, often with programming and machine learning expertise.

What is the starting salary of a quantitative analyst?

The starting salary for a quantitative analyst typically ranges from $60,000 to $90,000 annually, depending on factors such as location, education, and industry. Entry-level roles often require strong skills in mathematics, programming, and data analysis tools like Python or R.
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For Quantitative Analyst jobs in Toronto, ON, the most frequently searched job titles are:

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The top searched job categories for Quantitative Analyst jobs in Toronto, ON are:

Quantitative Analyst jobs near you
Infographic showing various Quantitative Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 89% Full Time, 7% Part Time, and 4% Contract. Highlights an 82% Physical, 8% Hybrid, and 10% Remote job distribution.

Associate - Quantitative Analyst

Royal Bank of Canada

Toronto, ON • Hybrid

Full-time

Re-posted 27 days ago

Job description

Job Description

What is the opportunity?

The Cash and Securitized Product Quantitative Analytics team focus on both supporting specific business operations and engaging in complex enterprise-wide initiatives. In this role you will be responsible for developing / implementing new and maintaining / enhancing the existing rate and spread product models, with a heavy emphasis on securitized products, as well as regulatory reporting. One of this role's main contributions will be ensuring that the firm's front-office and risk analytical framework follows the best practice, meets the users' requirements, and can accommodate the future market and regulatory conditions.

What will you do ?

  • Apply quantitative skills to design, implement, test, and roll out the rate and spread product models in the current analytical environment.

  • Support RBC business by assisting the traders, risk managers, and product controllers in understanding the models and interpreting the model outputs.

  • Support the preparation of model documentation and validation submissions, as well as tracking the model performance, per the internal policies and regulatory guidelines.

  • Review and comply with firm policies applicable to business activities.

  • Escalate operational risk loss events, control deficiencies and risks identified to the line manager and the relevant risk and control functions on a timely basis.

What do you need to succeed?

Must have:

  • Ph.D or Master's degree in one of quantitative areas such as mathematics, statistics, physics or computer science.

  • Good knowledge of financial instruments and derivatives, such as the bonds, IR swaps, futures, and options, as well as the related pricing and risk management models. Hand-on experience in developing interest rate and spread product models.

  • Proficient in at least one of the programming languages such as Python (preferred), C++, and C#.

  • Good communication skills in both verbal and writing.

  • Excellent analytical skills and a faster and self-motivated learner.

Nice-to-have:

  • Broad knowledge of financial markets and regulations is good to have.

  • Knowledge on market and counterparty credit risk management is a plus.

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

  • Leaders who support your development through coaching and managing opportunities

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

  • A world-class training program in financial services

  • Flexible work/life balance options

#TECHPJ

#LI-hybrid

#LI-post

Job Skills

Analytical Framework, Analytical Thinking, Critical Thinking, Economic Analysis, Financial Derivatives, Financial Instruments, Investment Risk Management, Market Risk, Operational Risks, Python (Programming Language), Quantitative Analytics, Quantitative Methods

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:

2026-07-14

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

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.

Employment Type: FULL_TIME

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