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Assistant Quant Trading Jobs in Chicago, IL (NOW HIRING)

DV Trading

Junior Quantitative Trader

Chicago, IL

Direct trading desk experience (e.g., Execution Assistant, Assistant Trader, Quant Analyst, or Risk Analyst) preferred; exceptional candidates coming directly from top-tier undergraduate or master ...

Trading Interview

Junior Quantitative Trader

Chicago, IL · On-site

$80 - $100/hr

... assist in and learn all facets of trading * Develop expertise in relative value market fundamentals, quantitative modeling, and risk management * Build and maintain quantitative model tools and ...

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Assistant Quant Trading information

What is the difference between Assistant Quant Trading vs Quant Trader?

AspectAssistant Quant TradingQuant Trader
Required CredentialsBachelor's degree in finance, mathematics, or related field; some roles may require a master'sAdvanced degrees (Master's or PhD) often preferred; strong programming and quantitative skills
Work EnvironmentSupportive, team-based, often in financial firms or hedge fundsHigh-pressure, independent decision-making, trading desks or proprietary trading firms
Employer & Industry UsageCommon in financial institutions, hedge funds, asset management firmsPrimarily in hedge funds, proprietary trading firms, investment banks

Assistant Quant Trading roles typically involve supporting quantitative trading teams with research, data analysis, and model testing, often requiring less experience and focusing on learning and assisting. Quant Traders are responsible for developing and executing trading strategies, making independent decisions, and managing risk, requiring advanced skills and experience. Both roles are integral to quantitative finance but differ mainly in responsibility level and independence.

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The most popular types of Quant Trading jobs in Chicago, IL are:

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Assistant Quant Trading jobs near you

Quantitative Trader - Entry Level 2027

Belvedere Trading

Chicago, IL

$140K/yr

Full-time

Re-posted 4 days ago

Job description

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. This wouldn't be possible without the dedicated efforts of our technology teams who utilize and perfect our innovative technology solutions. 
 
High-performance proprietary trading and development is the source of our success and competitive advantage at Belvedere, further fueling our passion for performance. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry.

At Belvedere Trading, Quantitative Traders are some of the industry's most quantitative problem solvers.We created this unique role to foster collaboration across our proprietary technology and trading teams. As a result, our Quantitative Traders are at the forefront of technology immersion as they learnbest practices insoftware development. Quantitative Traders also implement the most sophisticated trading strategies and focus on projects related to trading logic development, electronic trading strategies, and quantitative research.If you love technology and financial markets, then this position might be for you. 

What our Quantitative Traders do

  • Daily trading activities - Assist with order execution, trade checking and trade reconciliations 

  • Desk strategy - Participate in strategy meetings and collaborate with your team on their position management 

  • Development projects - Lead and participate in specific quantitative development projects that enhance trader facing technologies 

  • Research - Participate in quantitative research and the application of quantitative strategieswhilelearning concepts behind our core market making operations 

  • Data Analysis - Perform analyses on large data sets and pull insights to support our trading strategies 

  • Training - Engage in continuous, hands-on training that includes education on option valuation, game theory, hedging, portfolio analysis, and simulated trading gamesto quickly learn the aspects of option pricing and financial engineering, both on a theoretical level and in application with Belvedere's various strategies 

  • Collaborate -  Partner with teammates to exchange ideas, solve problems, and contribute to a high-performing team environment 

Key qualities in great candidates

  • Communication - We need people who can speak confidently and concisely, especially when the stakes are high 

  • Analytical - We're looking for quantitative thinkers and master problem-solvers with strong data analysis skills 

  • Team Player - Trading and development are not isolated activities at Belvedere, so great candidates will have demonstrated success in working in team-based environments 

  • Core development skills - You will need some training or a demonstratedabilityto learn programming languages such as C++, C#, and Python 

  • AI Fluency - Effectively use AI tools to improve efficiency and effectiveness while maintaining independent judgement

  • Knowledge of the financial markets and trading industry is a plus, but not a prerequisite 

  • Ability to live in or relocate to Chicago 

  • Graduation date of December 2026-Spring 2027 

$140,000 - $140,000 a year
Additionally, certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits, which can be found on our website here.

Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications.
We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer.
We welcome your application.
 
Core Values 
The secret to our award-winning culture is our Core Values: Team Belvedere, Me In Team, Own It, Build Rockets, and Passionate Discourse. We live and breathe these values every day.
 
Compliance
For our trading positions and certain engineering roles, the SIE and Series 57 licenses are required; Belvedere Trading will provide comprehensive study materials and allocate dedicated time during the onboarding process to ensure your success in obtaining these certifications. 
 
Our Stance 
Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds. 
 
Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please. 
 
Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion 
Physical: Ability to remain at a desk and concentrate for long periods of time
Amount of Travel Required: None
Sponsorship: Yes
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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