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Entry Level Quantitative Risk Modeler Jobs in Chicago, IL

ROLE Entry-Level Quantitative Researchers are responsible for conducting rigorous quantitative research with a focus on predictive models. You will be trained in all aspects of systematic trading ...

Develop and maintain robust quantitative models and methodologies to measure and analyze various types of risks, including market risk, credit risk, liquidity risk, and operational risk. Validate and ...

Back test models and support risk management and product development efforts, specifically, work in ESG-related monitoring and modeling. Develop and support quantitative stock selection models.

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading. * Build, improve, and maintain research tools (e.g., Python, Jupyter) for ...

Contribute to asset allocation and multi-asset research, including risk/return modeling and scenario analysis * Maintain and enhance existing quantitative research infrastructure and models

Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading. * Build, improve, and maintain research tools (e.g., Python, Jupyter) for ...

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading. * Build, improve, and maintain research tools (e.g., Python, Jupyter) for ...

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Entry Level Quantitative Risk Modeler information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do entry level quantitative risk modeler jobs pay per year?

As of May 28, 2026, the average yearly pay for entry level quantitative risk modeler in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.
What are the most commonly searched types of Quantitative Risk Modeler jobs in Chicago, IL? The most popular types of Quantitative Risk Modeler jobs in Chicago, IL are:
What are popular job titles related to Entry Level Quantitative Risk Modeler jobs in Chicago, IL? For Entry Level Quantitative Risk Modeler jobs in Chicago, IL, the most frequently searched job titles are:
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What cities near Chicago, IL are hiring for Entry Level Quantitative Risk Modeler jobs? Cities near Chicago, IL with the most Entry Level Quantitative Risk Modeler job openings:
Infographic showing various Entry Level Quantitative Risk Modeler job openings in Chicago, IL as of May 2026, with employment types broken down into 87% Full Time, and 13% Contract. Highlights an 75% In-person, 19% Hybrid, and 6% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.
Quantitative Risk Management Consultant

Quantitative Risk Management Consultant

Software Guidance & Assistance

Chicago, IL

Other

Posted 6 days ago


Job description

Software Guidance & Assistance, Inc., (SGA), is searching for a Quantitative Risk Management Consultant for a CONTRACT assignment with one of our premier Financial Services clients in Chicago, IL.
Responsibilities:
  • The Quantitative Risk Team in the Risk Management Department is responsible for developing, analyzing, and back-testing models for clearing initiatives. Daily responsibilities include code release testing, historical data validation, margin and stress testing model validation, and portfolio back-testing. The candidate must have the ability to efficiently, effectively conduct research, analyze problems, formulate and implement solutions, and produce high quality results on time.
Required Skills:
  • Masters in Computer Science, Financial Engineering, Financial Mathematics, Mathematics, Physics, or a related discipline.
  • Superb quantitative and analytical background.
  • Excellent programming, communication, and documentation skills.
  • Knowledge of financial markets.

Preferred Skills:
  • Work experience or education in advanced quantitative risk modeling and knowledge of statistical models in risk management preferred.
  • Work experience or education in advanced derivatives modeling and knowledge of volatility models preferred.
  • Work experience or education in curve construction and data validation preferred.

SGA is a technology and resource solutions provider driven to stand out. We are a women-owned business. Our mission: to solve big IT problems with a more personal, boutique approach. Each year, we match consultants like you to more than 1,000 engagements. When we say let's work better together, we mean it. You'll join a diverse team built on these core values: customer service, employee development, and quality and integrity in everything we do. Be yourself, love what you do and find your passion at work. Please find us at .
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SGA is an Equal Opportunity Employer and does not discriminate on the basis of Race, Color, Sex, Sexual Orientation, Gender Identity, Religion, National Origin, Disability, Veteran Status, Age, Marital Status, Pregnancy, Genetic Information, or Other Legally Protected Status. We are committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, and our services, programs, and activities. Please visit our company to request an accommodation or assistance regarding our policy.