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Algorithm Engineer Jobs in Chicago, IL (NOW HIRING)

Jump Trading

Digital Modem Engineer

Chicago, IL · On-site

$150K - $250K/yr

Collaborate with digital designers and firmware developers to realize algorithms with power and area efficient implementation Skills You'll Need: * At least 5+ years of experience in the design ...

Neutral Street

FPGA Engineer

Chicago, IL · On-site

$134K - $172K/yr

Design, implement, and verify FPGA-based trading algorithms and network stacks * Optimize RTL for minimum latency and maximum throughput * Collaborate with software engineers to build seamless ...

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

$175K - $225K/yr

As a Research Engineer , you will be an integral member of a systematic trading team comprised of ... A strong understanding of object oriented design, data structures and algorithms * A strong ...

IMC

Graduate Software Engineer

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

P2P

Research Engineer (FICCO)

Chicago, IL · On-site

$175K - $225K/yr

As a Research Engineer , you will be an integral member of a systematic trading team comprised of ... A strong understanding of object oriented design, data structures and algorithms * A strong ...

IMC Trading

Software Engineer, Early Career

Chicago, IL · On-site

$200K/yr

As a Software Engineer at IMC, you will drive the development of our cutting-edge trading algorithms. You will be responsible for spotting new opportunities, solving problems and developing ...

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All JobsAlgorithm Engineer JobsAlgorithm Engineer Jobs in Chicago, IL

Algorithm Engineer information

See Chicago, IL salary details

$61.3K

$115.1K

$209.3K

How much do algorithm engineer jobs pay per year?

As of Sep 14, 2026, the average yearly pay for algorithm engineer in Chicago, IL is $115,088.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,000.00 and $136,600.00 per year, depending on experience, location, and employer.

What does an algorithm engineer do?

An Algorithm Engineer designs, develops, and optimizes algorithms to solve complex computational problems. They analyze data, improve system performance, and implement mathematical models for various applications, such as machine learning, computer vision, and optimization. This role requires proficiency in programming languages like Python or C++, strong mathematical skills, and an understanding of data structures and algorithms. Algorithm Engineers work closely with software developers, data scientists, and researchers to integrate efficient solutions into real-world systems.

What are the key skills and qualifications needed to thrive as an algorithm engineer?

To thrive as an Algorithm Engineer, you need a strong background in mathematics, computer science, and programming, usually demonstrated with a degree in these fields and experience in algorithm design and analysis. Familiarity with languages like Python, C++, or Java, and tools such as MATLAB or TensorFlow, as well as relevant certifications like those in data science or machine learning, are typically advantageous. Outstanding problem-solving abilities, analytical thinking, and effective communication are critical soft skills for success in this role. These competencies are crucial because they enable Algorithm Engineers to design efficient, innovative solutions and collaborate seamlessly with multidisciplinary teams.

What are the typical challenges an algorithm engineer faces in their day-to-day work?

Algorithm Engineers often encounter complex problems that require creative, efficient solutions within strict performance or resource constraints. They may need to optimize existing algorithms, develop new ones from scratch, and ensure seamless integration into larger software systems, often while balancing accuracy, speed, and scalability. Collaborating with other engineers, data scientists, and product teams to align technical efforts with business goals is also a regular part of the job. Staying updated with the latest advancements in algorithms and technology is essential, making continuous learning a key aspect of the role.

How much does an algorithm engineer make?

The average salary for an algorithm engineer varies by experience and location but typically ranges from $80,000 to $150,000 annually. Senior roles or those with specialized skills in machine learning or data analysis can earn higher salaries, especially in tech hubs. Compensation often includes benefits such as bonuses and stock options.

What are the most commonly searched types of Algorithm Engineer jobs in Chicago, IL?

The most popular types of Algorithm Engineer jobs in Chicago, IL are:

What are popular job titles related to Algorithm Engineer jobs in Chicago, IL?

For Algorithm Engineer jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Algorithm Engineer jobs in Chicago, IL look for?

The top searched job categories for Algorithm Engineer jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Algorithm Engineer jobs?

Cities near Chicago, IL with the most Algorithm Engineer job openings:

Algorithm Engineer jobs near you
Infographic showing various Algorithm Engineer job openings in Chicago, IL as of September 2026, with employment types broken down into 1% Internship, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 84% Physical, 5% Hybrid, and 11% Remote job distribution, with an average salary of $115,088 per year, or $55.3 per hour.

Software Engineer - Low Touch Desk

Chicago, IL • On-site

Clear Street
Finance and Insurance • 201 - 500 employees
Learn more about Clear Streetexternal

Full-time

Re-posted 6 days ago

Job description

Job Summary:
Clear Street is a diversified financial services firm modernizing the brokerage ecosystem with a cloud-native clearing and custody system. The role involves designing, developing, and maintaining high-performance trading systems and algorithms as part of the Algorithmic Execution Services team.
Responsibilities:
• Enhance and develop: Responsible for improving existing core system components and support tools.
• Full-stack development: Design, develop, test, and deploy system enhancements.
• High-performance systems: Build highly available, horizontally scalable, mission-critical applications using modern technology.
• Problem-solving and collaboration: Hone advanced engineering skills by tackling challenges and working with stakeholders to define and deliver new features.
• Domain expertise: Develop a deep understanding of the business domain through this work.
Qualifications:
Required:
• Ideally 10+ years of experience in developing high-performance algorithmic financial applications.
• Bachelor’s degree or higher in Computer Science, Engineering, Statistics, Math, or a related STEM field.
• Adaptability to a fast-paced, dynamic environment with evolving priorities.
• Ability to effectively communicate technical information.
• Strong computer programming skills using Java and Python in a Linux environment.
• Strong understanding of financial markets.
• Relevant experience using FIX and binary protocols communicating with counterparties.
• Experience with low latency, multi-threaded programming and distributed application architecture.
• Strong understanding of computer systems, including operating systems, networks, and performance optimization.
• Experience with modern software development practices and tools.
• Strong passion for technology and continuous learning.
• Experience with relational databases, preferably Oracle and Postgres.
Preferred:
• Experience with publish/subscribe multicast protocols.
• Proficiency in optimizing critical code paths.
• Experience in unit test development.
• Familiarity with containerization technologies, such as Docker.
Company:
Clear Street is a financial technology company that provides a modern, cloud-native platform for institutional investors and family offices. Founded in 2018, the company is headquartered in New York, USA, with a team of 501-1000 employees. The company is currently Late Stage.

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