1

Bayesian Modeling Jobs in Illinois (NOW HIRING)

... e.g., bayesian pooling, hierarchical modeling) * Demonstrated communication skills and experience presenting complex findings to both technical and non-technical stakeholders * Demonstrated ...

We combine sequence-based models and variational autoencoders (VAEs) with Bayesian optimization, using experimental data to rapidly design and refine proteins into impactful therapeutics. The Applied ...

next page

Showing results 1-20

Bayesian Modeling information

What is the difference between Bayesian Modeling vs Data Scientist?

AspectBayesian ModelingData Scientist
Required CredentialsStatistics, Mathematics, Data AnalysisStatistics, Computer Science, Data Analysis
Work EnvironmentResearch-focused, statistical modelingCross-functional, data analysis, visualization
Industry UsageResearch, academia, specialized analyticsBusiness, tech, finance, healthcare
Common Search/ComparisonYesYes

Bayesian Modeling and Data Scientists often overlap in skills like statistics and data analysis. Bayesian Modeling specializes in probabilistic models and statistical inference, while Data Scientists have broader roles including data cleaning, visualization, and machine learning. Both roles are essential in data-driven industries, but Bayesian Modeling is more focused on advanced statistical techniques.

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

To thrive as a Bayesian Modeler, you need a solid background in statistics, probability theory, and mathematical modeling, often supported by an advanced degree in statistics, mathematics, or a related field. Proficiency with programming languages such as R, Python, or Stan, and experience with statistical software and Bayesian inference tools are essential. Strong analytical thinking, attention to detail, and effective communication skills help in interpreting results and collaborating with multidisciplinary teams. These skills ensure accurate model development, reliable data-driven insights, and clear communication of complex findings to stakeholders.

How does a Bayesian Modeling specialist typically collaborate with cross-functional teams in a workplace setting?

Bayesian Modeling specialists often work closely with data scientists, software engineers, and domain experts to integrate probabilistic models into larger analytical or production systems. They are involved in translating complex statistical concepts into actionable insights and recommendations tailored to business needs. Effective communication is key, as they must present findings to both technical and non-technical stakeholders, ensuring that model assumptions and results are clearly understood. Collaboration may also include contributing to code reviews, sharing best practices for model validation, and mentoring colleagues on Bayesian methodologies.

What is Bayesian modeling?

Bayesian modeling is a statistical approach that uses Bayes' Theorem to update the probability of a hypothesis as more data becomes available. It incorporates prior beliefs or knowledge, combines them with observed data, and produces a posterior probability distribution to guide inference and decision-making. This approach is widely used in various fields such as machine learning, data science, and scientific research for tasks like parameter estimation, prediction, and model selection.
What cities in Illinois are hiring for Bayesian Modeling jobs? Cities in Illinois with the most Bayesian Modeling job openings:
Senior Software Engineer, Quant

Senior Software Engineer, Quant

Paul Murphy Associates

Chicago, IL

Full-time

Posted 19 days ago


Job description

Title: Senior Software Engineer, Quant

Location: Chicago, IL or New York, NY or Overland Park, KS

About the Opportunity

Our client is a leading global exchange and market infrastructure provider that delivers trading, clearing, and data solutions to market participants worldwide. They are seeking an experienced Senior Quantitative Developer to join a team of developers, technologists, and quantitative professionals focused on financial modeling, analytics, and real-time market data systems.

This role offers the opportunity to work at the intersection of software engineering, quantitative finance, and market infrastructure, building high-performance applications that support real-time analytics and decision-making across global financial markets.

Key Responsibilities

  • Develop and implement quantitative models and software applications that process and analyze real-time financial market data in a high-performance computing environment.
  • Enhance, optimize, and maintain existing applications while identifying opportunities for performance and scalability improvements.
  • Translate business requirements into technical specifications, project plans, and production-ready solutions.
  • Process, collect, and analyze large volumes of market and reference data, including high-frequency pricing information.
  • Monitor and improve the quality of analytical datasets and collaborate on the integration of new reference data sources.
  • Partner with product, business, and technical stakeholders to develop documentation, technical specifications, and supporting materials for data products and applications.
  • Collaborate closely with senior technical leaders, quantitative researchers, and business teams across the organization.

Qualifications

  • 5+ years of experience within financial markets, ideally involving market data, reference data, risk analytics, or quantitative development.
  • Strong quantitative background with experience in derivatives pricing, quantitative modeling, and risk analytics.
  • Experience working with financial instruments, derivatives, securities, corporate actions, and reference data related to futures and options.
  • Strong programming skills in Java and/or C++, along with SQL expertise.
  • Experience with Python, R, MATLAB, NumPy, or similar tools used for data analysis and scientific computing. GPU/CUDA experience is a plus.
  • Strong understanding of statistical and quantitative techniques, including:
    • Bayesian modeling and hypothesis testing
    • Linear regression
    • Principal Component Analysis (PCA)
    • Tree-based models
    • Time series modeling (e.g., GARCH)

What They're Looking For

  • Highly analytical and detail-oriented problem solver with a quantitative mindset.
  • Self-starter capable of owning projects from concept through production deployment.
  • Ability to balance multiple priorities and deliver results in a fast-paced environment.
  • Strong communication and collaboration skills, with the ability to work effectively across technical and business teams.

Education

  • Bachelor's degree required.
  • Master's or PhD in a quantitative STEM discipline preferred.