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Financial Engineer Jobs (NOW HIRING)

MerQube Inc

Financial Engineer

Manhattan, NY · On-site

$110K - $140K/yr

Reporting to the Financial Engineering Manager, you will play a crucial role in modeling, creating, backtesting, and launching cutting-edge index strategies primarily focused on options. Key ...

MerQube Inc

Financial Engineer

New York, NY · On-site

$110K - $140K/yr

Reporting to the Financial Engineering Manager, you will play a crucial role in modeling, creating, backtesting, and launching cutting-edge index strategies primarily focused on options. Key ...

Conventus

Financial Engineer

Westlake Village, CA

$107K - $132K/yr

Financial Engineer Location: CA - Westlake Village What you'll do: As a Financial Engineer, you'll be part of the Capital Market's Analytics team that focuses on building, maintaining, and enhancing ...

Sun West Mortgage-Since 1980

Be Seen First

Financial Analyst / Financial Engineer

Cerritos, CA · On-site

$90K - $150K/yr

Engineer: Build, stress-test, and deploy forward-looking models to manage risk and predict financial outcomes. * Optimize: Actively control how capital, risk, and operational costs move through the ...

Osmo

Finance Engineer

Elizabeth, NJ · On-site

This role covers the full range of FP&A responsibilities - modeling, reporting, budgeting, and ... Engineering & Systems * Treat the finance stack as something to improve, not just operate

Osmo

Finance Engineer

Elizabeth, NJ · On-site

$134 - $184/hr

This role covers the full range of FP&A responsibilities - modeling, reporting, budgeting, and ... Engineering & Systems * Treat the finance stack as something to improve, not just operate

Mayer Brown

Engineer: Financial Services

Chicago, IL · On-site

Financial Services. The Engineer: Financial Services is responsible for the support and development of the Finance and Accounting department's data analysis, dashboarding & reporting needs. The ...

SPRCHRGR

Finance Engineer

Los Angeles, CA · Remote

$150K - $180K/yr

You'll build the client-facing financial tools for our fractional CFO firm: interactive dashboards ... Our VP of Engineering partners with you to architect, maintain, and enhance the secure data ...

Osmo

$134 - $184/hr

This role covers the full range of FP&A responsibilities - modeling, reporting, budgeting, and ... Engineering & Systems * Treat the finance stack as something to improve, not just operate

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How much do financial engineer jobs pay per year?

As of Aug 27, 2026, the average yearly pay for financial engineer in the United States is $110,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $100,000.00 and $124,500.00 per year, depending on experience, location, and employer.

What is a financial engineer?

A financial engineer, also called a computational engineer, advises clients on investment strategies and risk management based on quantitative analysis of their portfolio and the atmosphere in the stock market. As a financial engineer, your job duties include analyzing the stock market to predict how stocks will perform, building models of trends in the stock market based on market history, and make recommendations on how to manage their portfolio.

What is a financial engineer?

A Financial Engineer is a professional who applies mathematical techniques, computational tools, and financial theory to solve complex problems in finance. They are often involved in designing financial products, developing risk management strategies, and building quantitative models for pricing, trading, and portfolio management. Financial Engineers typically work for banks, investment firms, or financial technology companies, and their expertise is essential for managing financial risks and innovating new financial instruments.

What skills should a financial engineer have?

To thrive as a Financial Engineer, you need a strong background in mathematics, statistics, finance, and programming, typically supported by a degree in quantitative fields such as finance, mathematics, engineering, or computer science. Familiarity with technical tools like Python, R, MATLAB, financial modeling software, and sometimes certifications like CFA or FRM is highly valued. Exceptional problem-solving, analytical thinking, and the ability to communicate complex concepts clearly are vital soft skills. These skills and qualifications are crucial for designing innovative financial models, managing risks, and enabling data-driven decision-making in complex financial environments.

What are some common challenges financial engineers face when developing quantitative models, and how can they address them?

Financial Engineers often encounter challenges such as ensuring model accuracy, dealing with incomplete or noisy data, and adapting models to rapidly changing market conditions. Addressing these issues typically requires strong collaboration with data scientists, risk managers, and traders to validate assumptions and stress-test models under various scenarios. Staying current with industry trends and regulatory requirements also helps Financial Engineers maintain robust, compliant solutions that add value to their organizations.

What is the difference between Financial Engineer vs Quantitative Analyst?

AspectFinancial EngineerQuantitative Analyst
Required CredentialsDegree in finance, mathematics, or engineering; often CFA or FRM certificationsDegree in finance, mathematics, or statistics; often CFA or FRM certifications
Work EnvironmentFinancial institutions, hedge funds, investment banksAsset management firms, hedge funds, investment banks
Job FocusDeveloping complex financial models, derivatives pricing, risk managementData analysis, model development, trading strategies
Common UsageDesigning financial products and strategiesAnalyzing data to inform trading decisions

Financial Engineers and Quantitative Analysts share similar educational backgrounds and certifications, often working in similar environments like investment banks and hedge funds. While Financial Engineers focus on creating complex financial models and derivatives, Quantitative Analysts primarily analyze data to support trading strategies. Both roles require strong quantitative skills and contribute to financial innovation and risk management.

Do financial engineers make a lot of money?

Financial engineers often earn high salaries due to their specialized skills in quantitative analysis, modeling, and programming. Compensation varies based on experience, location, and industry, but many financial engineers have the potential to earn six-figure incomes or more, especially with advanced degrees and certifications like the CFA or FRM.

How much do financial engineers make?

Financial engineers in general earn a median annual salary of around $100,000 to $130,000, with experienced professionals and those working in major financial centers earning higher. Salaries can vary based on experience, education, certifications like CFA or FRM, and the complexity of financial models used. Entry-level positions typically start lower, while senior roles can exceed $200,000 annually.
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Financial Engineer jobs near you
Infographic showing various Financial Engineer job openings in the United States as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $110,812 per year, or $53.3 per hour.

Financial Engineer

MerQube Inc

Manhattan, NY • On-site

$110K - $140K/yr

Full-time

Medical, Dental, Vision, PTO

Re-posted 14 days ago

Job description

MerQube is an innovative fintech firm, leading the development of cutting-edge technology for indexing and rules-based investing. MerQube offers design and calculation solutions for complex rules-based strategies. Launched in 2019 in New York and San Francisco by a team of index industry veterans and technology experts, MerQube was created to provide a technology focused alternative.
MerQube designs and calculates a wide variety of indices, ranging from thematic to ESG, QIS and delta one, while covering multi-asset, equities, futures as well as options. Leveraging cloud-based architecture and today's most advanced index-tracking technology, MerQube's platform enables its clients to bring ideas to market quickly and efficiently.
Position Overview:
We are seeking a highly skilled and motivated Financial Engineer to join our team in Manhattan, New York. Reporting to the Financial Engineering Manager, you will play a crucial role in modeling, creating, backtesting, and launching cutting-edge index strategies primarily focused on options.
Key Responsibilities:
  • Develop, model, and backtest new index strategies using Python, with a focus on financial data management.
  • Collaborate with the Financial Engineering team to create MerQube branded financial engines and indexing strategies for major financial institutions.
  • Interface directly with clients and the platform engineering team, automating processes for daily and historical calculations to construct powerful financial engines.
  • Utilize advanced programming skills, especially in Python, to implement distributed systems and adhere to general software engineering principles.
  • Work with options data sets and applications such as FactSet, Reuters.

Qualifications:
  • Bachelor's degree in Computer Sciences or a quantitative field (Finance, Mathematics, Data Science, Economics, or Engineering) with equivalent work experience.
  • Proficiency in Python programming, with a focus on financial data management.
  • Strong options knowledge, including pricing, greeks, and portfolio applications is highly desirable.
  • Strong interest in financial markets and the intersection of software and quantitative finance.
  • Experience with financial data sets and applications (FactSet, Reuters, Morningstar, Bloomberg, Axioma, Barra).
  • Excellent communication skills and the ability to collaborate effectively with both clients and internal teams.

Our Commitment:
At MerQube, we foster a collaborative, fast-moving environment where team members can grow and expand their technical, financial, and leadership skills. We prioritize wellness, work-life balance, and offer flexible working arrangements. We celebrate diversity and welcome team members from all backgrounds, encouraging continuous learning and career growth while playing a key role in transforming the financial industry.
Benefits:
  • Pay that matches your ambition: competitive compensation packages that grow with you
  • Benefits that actually have your back: top-tier medical, dental, vision, and more
  • Work where you work best: flexible arrangements, including hybrid options
  • A team that feels like home: we're building a community-first culture
  • Your wellbeing, prioritized: real investment in health, wellness, and work-life balance
  • Room to grow, fast: hands-on opportunities to learn, level up, and shape your career
  • Lunch is on us: enjoy paid office lunches, because great ideas flow better on a full stomach
  • Time to recharge: generous PTO, holidays, and sick time, because rest fuels great work

This role is based in New York, NY. In accordance with New York's pay transparency law, the annual base salary range for this position is $110,000-$140,000. Actual compensation within this range will be determined by factors such as experience, technical skills, and qualifications relevant to the role. This range reflects base salary only and does not include bonus, equity, or benefits.

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