Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Validation Senior Analyst Model Risk -Chicago, IL -Hybrid (Chicago)
Chicago, IL · On-site
$70 - $150/hr
Requirements 4 to 7 years in model validation or quantitative audit Proven work on backtesting and benchmarking and implementation and performance monitoring Python or R and SQL and comfort with ...
Validation Senior Analyst Model Risk -Chicago, IL -Hybrid (Chicago)
Chicago, IL · On-site
$70 - $150/hr
Requirements 4 to 7 years in model validation or quantitative audit Proven work on backtesting and benchmarking and implementation and performance monitoring Python or R and SQL and comfort with ...
Quantitative Developer - Python
Chicago, IL · On-site
$200 - $225/hr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Quantitative Developer - Python
Chicago, IL · On-site
$200 - $225/hr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Quantitative Developer - Python
Chicago, IL · On-site
$200K - $225K/yr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Quantitative Developer - Python
Chicago, IL · On-site
$200K - $225K/yr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Quantitative Developer - Python
Chicago, IL · On-site
$200K - $225K/yr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Quantitative Developer - Python
Chicago, IL · On-site
$200K - $225K/yr
Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints * Define, compute, and curate features across instruments, regimes, and ...
Candidates should have 4-7 years of experience in model validation, backtesting, and familiarity with tools like Python and SQL. This hybrid role offers consultant pay between $70 and $150 per hour ...
Candidates should have 4-7 years of experience in model validation, backtesting, and familiarity with tools like Python and SQL. This hybrid role offers consultant pay between $70 and $150 per hour ...
Lead the full research lifecycle - from alpha ideation, data analysis, and backtesting through strategy iteration, production deployment, and ongoing monitoring - primarily across liquid delta-one ...
Lead the full research lifecycle - from alpha ideation, data analysis, and backtesting through strategy iteration, production deployment, and ongoing monitoring - primarily across liquid delta-one ...
Design and maintain robust frameworks for signal evaluation, including backtesting and performance diagnostics. * Continuously monitor and refine features and signals to adapt to evolving market ...
Design and maintain robust frameworks for signal evaluation, including backtesting and performance diagnostics. * Continuously monitor and refine features and signals to adapt to evolving market ...
Proficiency performing complex statistical analysis and backtesting on large datasets using Python (NumPy, Pandas, etc.). * Minimum 2 years of professional experience. About the Role: This is a ...
Proficiency performing complex statistical analysis and backtesting on large datasets using Python (NumPy, Pandas, etc.). * Minimum 2 years of professional experience. About the Role: This is a ...
Quantitative Developer
Chicago, IL · On-site
Manage all aspects of the research process, including methodology selection, data collection and analysis, prototyping, backtesting, and performance monitoring * Maintain and clean datasets with an ...
Quick apply
Quantitative Developer
Chicago, IL · On-site
Manage all aspects of the research process, including methodology selection, data collection and analysis, prototyping, backtesting, and performance monitoring * Maintain and clean datasets with an ...
Work alongside the PM on intraday alpha research, with a primary focus on: idea generation, data gathering and research/analysis, model implementation and backtesting for systematic equity strategies
Work alongside the PM on intraday alpha research, with a primary focus on: idea generation, data gathering and research/analysis, model implementation and backtesting for systematic equity strategies
NodeJS Engineer / FinTech Startup
Chicago, IL · On-site
$52.75 - $68.25/hr
Our software brings institutional-grade analytics, pattern recognition, signal generation, backtesting, and automated execution, to professional traders, quantitative analysts, and investment teams.
NodeJS Engineer / FinTech Startup
Chicago, IL · On-site
$52.75 - $68.25/hr
Our software brings institutional-grade analytics, pattern recognition, signal generation, backtesting, and automated execution, to professional traders, quantitative analysts, and investment teams.
Manage all aspects of the research process, including idea generation, data analysis, hypothesis development and testing, alpha discovery, trading strategy generation, backtesting and portfolio ...
Manage all aspects of the research process, including idea generation, data analysis, hypothesis development and testing, alpha discovery, trading strategy generation, backtesting and portfolio ...
NodeJS Engineer / FinTech Startup
Schaumburg, IL · On-site
$50.50 - $65.50/hr
Our software brings institutional-grade analytics, pattern recognition, signal generation, backtesting, and automated execution, to professional traders, quantitative analysts, and investment teams.
NodeJS Engineer / FinTech Startup
Schaumburg, IL · On-site
$50.50 - $65.50/hr
Our software brings institutional-grade analytics, pattern recognition, signal generation, backtesting, and automated execution, to professional traders, quantitative analysts, and investment teams.
Senior Software Engineer
Chicago, IL · On-site
$126K - $166K/yr
Leverage libraries you've worked on to facilitate backtesting and post-trade analysis of our trading strategies * Tune and refine existing components to improve performance, flexibility, and ...
Senior Software Engineer
Chicago, IL · On-site
$126K - $166K/yr
Leverage libraries you've worked on to facilitate backtesting and post-trade analysis of our trading strategies * Tune and refine existing components to improve performance, flexibility, and ...
Systematic Index Options Trader
Chicago, IL · On-site +1
Use backtesting and analysis tools to predict the impact of changes to our execution systems and continuously improve our performance * Work collaboratively with traders, quant researchers, and ...
Systematic Index Options Trader
Chicago, IL · On-site +1
Use backtesting and analysis tools to predict the impact of changes to our execution systems and continuously improve our performance * Work collaboratively with traders, quant researchers, and ...
Quantitative Trading Strategist - Equity Options
Chicago, IL · On-site +1
$250K/yr
Drive research from idea generation through backtesting, implementation, and real-time monitoring. Your Skills and Experience: * 3+ years of experience in quantitative research, systematic trading ...
Quantitative Trading Strategist - Equity Options
Chicago, IL · On-site +1
$250K/yr
Drive research from idea generation through backtesting, implementation, and real-time monitoring. Your Skills and Experience: * 3+ years of experience in quantitative research, systematic trading ...
Design and maintain robust frameworks for signal evaluation, including backtesting and performance diagnostics. * Continuously monitor and refine features and signals to adapt to evolving market ...
Design and maintain robust frameworks for signal evaluation, including backtesting and performance diagnostics. * Continuously monitor and refine features and signals to adapt to evolving market ...
Lead alpha research across delta-one products - from signal ideation and backtesting through strategy iteration, production handoff, and ongoing monitoring * Develop predictive signals and models ...
Lead alpha research across delta-one products - from signal ideation and backtesting through strategy iteration, production handoff, and ongoing monitoring * Develop predictive signals and models ...
Product / Operations Mgr - Brokerage 70 to 100k
Chicago, IL · On-site +1
$70K - $100K/yr
... Backtesting. The ideal candidate has experience with each of these types of tools. This position can be a work from home role, it is a plus if you live in the Chicago area, where our clients offices ...
Quick apply
Product / Operations Mgr - Brokerage 70 to 100k
Chicago, IL · On-site +1
$70K - $100K/yr
... Backtesting. The ideal candidate has experience with each of these types of tools. This position can be a work from home role, it is a plus if you live in the Chicago area, where our clients offices ...
Backtesting information
What is backtesting?
Backtesting is the process of evaluating a trading strategy or investment model by applying it to historical market data. This helps traders and analysts see how the strategy would have performed in the past, which can provide insights into its potential effectiveness and risks. While backtesting can help identify strengths and weaknesses, it's important to remember that past performance is not always indicative of future results. The reliability of backtesting depends on data quality, strategy design, and how well it simulates real trading conditions.
What skills and qualifications are needed to thrive as a backtesting analyst?
To thrive as a Backtesting Analyst, you need a strong background in quantitative analysis, statistics, programming (typically in Python or R), and familiarity with financial markets, usually supported by a degree in mathematics, finance, or a related field. Proficiency with backtesting platforms (such as QuantConnect or Zipline), data analysis tools, and version control systems like Git is often required. Attention to detail, critical thinking, and strong problem-solving abilities are key soft skills that help ensure robust model evaluation and development. These skills are vital for accurately assessing trading strategies and minimizing risk in real-world financial applications.
What are common challenges faced when backtesting trading strategies, and how can they be managed?
One common challenge in backtesting trading strategies is the risk of overfitting, where a model performs exceptionally well on historical data but fails in live markets. Data quality and availability can also pose issues, as incomplete or inaccurate data may skew results. To manage these challenges, it's important to use out-of-sample testing, robust data cleaning processes, and to validate strategies on multiple datasets. Collaborating with quantitative analysts and developers can also help ensure the backtesting process is thorough and reliable.
What is the difference between Backtesting vs Quantitative Analyst?
| Aspect | Backtesting | Quantitative Analyst |
|---|---|---|
| Primary Role | Testing trading strategies using historical data | Developing and implementing quantitative models for investment decisions |
| Required Skills | Data analysis, programming, finance knowledge | Mathematics, programming, financial theory |
| Work Environment | Trading firms, hedge funds, financial institutions | Asset management firms, hedge funds, banks |
| Certifications | Often none required, but CFA or CQF helpful | CFA, CQF, or advanced degrees common |
Backtesting focuses on evaluating trading strategies with historical data, while a Quantitative Analyst develops models to inform investment decisions. Both roles require strong analytical skills and finance knowledge but differ in scope and responsibilities.
What are popular job titles related to Backtesting jobs in Illinois?
For Backtesting jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Backtesting jobs in Illinois look for?
The top searched job categories for Backtesting jobs in Illinois are:
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Cities in Illinois with the most Backtesting job openings:
Job description
IMC is looking for a Quantitative Developer to own the full path from research to production. This role blends research and engineering, with tight feedback loops from ideation to live trading. You will build the systems that turn quantitative insights into measurable edge, with direct visibility into how your work creates impact.
Your Core Responsibilities
- Build and maintain systems that span research and production, enabling rapid iteration from idea to production
- Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure, and real-world constraints
- Define, compute, and curate features across instruments, regimes, and time horizons
- Own feature and signal pipelines, ensuring clean, consistent delivery from research to execution
- Contribute to strategy optimization, balancing expected performance with real-world constraints
- Debug issues end-to-end across research and execution
Your Skills and Experience
- 3-7 years of experience in quantitative software development, preferably at a trading firm or systematic fund
- Strong production experience in Python, including data analysis workflows (pandas, polars, or similar)
- Strong grounding in probability, statistics, and time series analysis; familiarity with backtesting and simulation frameworks
- Solid understanding of ML concepts as applied to systematic strategies, from research through production
- Experience with low-latency systems is valuable
- Ability to work fluidly across research and engineering teams