Senior Economist

December 10 2024
Industries Bank, Insurance, Financial services
Categories Bank, Insurance, Financial services, Economy, Econometrics, Modelling
Toronto, ON • Full time

Job Summary

Job Description

The Economics group within RBC Global Asset Management (GAM) has a primary purpose of providing macroeconomic guidance to investment teams collectively managing over $600 billion of client assets, contributing meaningfully to investment returns and client outcomes. The Economics group also engages in marketing activities that include producing research and making presentations for clients.

In the role of Economist, you will work under the direction of the Chief Economist. As a member of the Economics group, your role will consist of conducting research, analyzing data, creating models, contributing to economic forecasting, and communicating those findings to the investment teams and clients via publications and orally. For more information, please visit: https://www.rbcgam.com

What will you do?

  • Provide intellectual leadership within the firm, conducting research into key economic themes and risks of relevance to financial markets

  • Stay abreast of key economic developments, academic and peer research, advances in analytic tools and the availability of new data sources

  • Organize and analyze economic data with the assistance of software including Macrobond, Bloomberg, EViews, Excel, PowerPoint and new AI tools

  • Construct and maintain quantitative models to enhance and streamline our forecasting and understanding of the economy

  • Contribute to the group's economic forecasting effort via the synthesis of a wide range of inputs

  • Communicate economic ideas in written and oral form to investment teams and clients across a variety of formal and informal forums

What do you need to succeed?

Must Have

  • Master's degree in economics (or related field)

  • 8—15 years of experience as a professional macroeconomist

  • Strong analytic and quantitative skills including econometrics

  • A solid understanding of how the economy and capital markets interconnect

  • Always learning: an insatiable curiosity about the world and how it works

  • Adapt quickly: a flexible, non-dogmatic mind that can conceive of multiple scenarios and adjust views as circumstances change

  • Self-starter: must be organized, able to prioritize and to work independently

  • Good attention to detail and hard worker

  • Collaborate well with others, including in sharing a macro view

  • Strong written and verbal communication skills

Nice to Have

  • PhD in Economics or equivalent

  • CFA Charter holder or pursuing

  • Programming skills in Excel VBA, Python and/or Eviews

  • Experience with non-North American economies (Europe, Japan, China, India, EM)

  • Fluency in French

  • Media training and experience

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

  • Ability to make a difference and lasting impact

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

  • Flexible work/life balance options

  • Opportunities to do challenging work

  • Opportunities to take on progressively greater accountabilities

Job Skills

Communication, Conceptual Thinking, Economic Analysis, Economics, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Research Analysis, Statistical Analysis

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-10

Application Deadline:

2025-01-06

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

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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