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Financial Engineer Jobs in Chicago, IL (NOW HIRING)

Mayer Brown Llp

Engineer: Financial Services

Chicago, IL · On-site

$95K/yr

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 ...

Multivision Inc-IL

One Stream Developer

Chicago, IL · On-site

Sr. Programmer Analyst in the Finance Technology organization to develop and maintain a OneStream application, supporting the firm-wide Financial Planning and Analysis (FP&A). FP&A serves as the ...

Cogent IBS, Inc

Trading Systems Engineer

Chicago, IL · On-site

Financial Trading Systems Product Engineer Location: Chicago, IL (Onsite/Hybrid) Job Type: Full-Time Job Summary We are seeking a highly motivated Financial Trading Systems Product Engineer to join ...

New

Adyen

Staff Engineer - Financial Products

Chicago, IL · On-site

In this role, you will serve as a technical leader, shaping the architecture and execution of critical systems for Adyen's financial products while mentoring engineers and driving innovation.

Adyen

Staff Engineer - Financial Products

Chicago, IL

$235K - $317K/yr

Staff Engineer - Financial Products Who you are * Must have: * 2+ years of experience in the financial industry, preferably in the banking or fintech sector; * 10+ years of hands-on development ...

Adyen

Staff Engineer - Financial Products

Chicago, IL · On-site

$235K - $317K/yr

Staff Engineer - Financial Products Who you are * Must have: * 2+ years of experience in the financial industry, preferably in the banking or fintech sector; * 10+ years of hands-on development ...

Vedder Price

Senior Financial System Engineer

Chicago, IL · Hybrid

$120K - $145K/yr

The Senior Financial Systems Engineer is responsible for the daily technical support of critical financial and accounting systems to ensure accurate system operation, financial data integrity, and ...

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All JobsFinancial Engineer JobsFinancial Engineer Jobs in Chicago, IL

Financial Engineer information

See Chicago, IL salary details

$78.3K

$114.2K

$140.1K

How much do financial engineer jobs pay per year?

As of Jul 30, 2026, the average yearly pay for financial engineer in Chicago, IL is $114,152.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,000.00 and $128,300.00 per year, depending on experience, location, and employer.

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.

What engineers make $500,000?

Senior financial engineers, especially those working in hedge funds, investment banks, or private equity firms, can earn $500,000 or more annually through base salary, bonuses, and profit sharing. High-level roles often require advanced quantitative skills, experience, and sometimes certifications like the CFA or FRM.

What engineers make $300,000 a year?

Financial engineers, also known as quantitative analysts or quants, can earn $300,000 or more annually, especially with experience, advanced degrees, and skills in programming, mathematics, and financial modeling. High compensation is common in hedge funds, investment banks, and proprietary trading firms where complex risk management and algorithmic trading are involved.

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 are the key skills and qualifications needed to thrive as a Financial Engineer, and why are they important?

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 engineers make $200,000 a year?

Senior financial engineers, especially those with advanced quantitative skills, experience, and expertise in areas like risk management, derivatives, or algorithmic trading, can earn $200,000 or more annually. High compensation often includes bonuses and performance incentives, particularly in financial hubs or large firms. Certifications such as CFA or FRM can also enhance earning potential in this field.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze financial markets, manage risk, and create investment strategies. They often work with programming tools like Python or C++ and require strong skills in mathematics, finance, and computer science. Their work supports trading, risk management, and financial product development.

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.
More about Financial Engineer jobs
What are the most commonly searched types of Financial Engineer jobs in Chicago, IL? The most popular types of Financial Engineer jobs in Chicago, IL are:
What are popular job titles related to Financial Engineer jobs in Chicago, IL? For Financial Engineer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Financial Engineer jobs in Chicago, IL look for? The top searched job categories for Financial Engineer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Financial Engineer jobs? Cities near Chicago, IL with the most Financial Engineer job openings:
Financial Engineer jobs near you
Infographic showing various Financial Engineer job openings in Chicago, IL as of July 2026, with employment types broken down into 93% Full Time, 4% Part Time, and 3% Contract. Highlights an 88% Physical, 5% Hybrid, and 7% Remote job distribution, with an average salary of $114,152 per year, or $54.9 per hour.

Engineer: Financial Services

Mayer Brown Llp

Chicago, IL • On-site

$95K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

Overview
Mayer Brown is an international law firm positioned to represent the world's major corporations, funds, and financial institutions in their most important and complex transactions and disputes. We are recognized by our clients as strategic partners with deep commercial instincts and a commitment to creatively anticipating their needs and delivering excellence in everything we do.
We are a collegial, collaborative firm where highly motivated individuals with an unwavering commitment to excellence receive the opportunity, support, and development they need to grow, thrive, and realize their greatest potential all while supporting the Firm's client service principles of excellence, strategic partnership, commercial instinct, integrated strengths, innovation, and collaboration across our international firm.
If you thrive in a collaborative environment that values exceptional client service, initiative, professionalism, responsiveness, and adaptability, we invite you to consider joining our Accounting and Analysis department in our Chicago office as an Engineer: 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 incumbent will move and transform data so that it can be easily analyzed, visualized and worked upon by the business user community.
The Engineer will guide both business and technical users through the process of identifying and locating the data they need to solve their business needs, and to ensure that the users are able to securely access that data. The incumbent will partner and work closely with existing Finance and IT leadership and subject-matter experts, including the Enterprise Data, FP&A, Revenue Cycle Operations, Pricing & Matter Performance, Rates Management, Billing Operations, AR, AP, Business Intelligence, Financial Applications, and Project Management teams. Extensive collaboration with these teams will be a key driver for success in this role.
Responsibilities
Essential Functions:
  • Rapidly builds and maintains an understanding of the firm's "data landscape" - the key systems and databases used across the firm, how they are used, their data, data models and data integrations, with a specific focus on Finance & Accounting data
  • Works with the Enterprise Data team to develop scalable, reliable pipelines and ETL processes to manage the flow of data into, out of, and between these systems in order to:
    • Acquire and feed systems with appropriate data
    • Maintain data cleanliness and accuracy
    • Join and relate data from disparate systems
    • Prepare data for modelling, reporting, visualization and analysis
    • Generate a variety of reporting outputs, leveraging the Microsoft Power Platform and other tools
  • Works with our Senior Engineer in the design and implementation of new data models that may pertain to Finance & Accounting, and the other teams mentioned above
  • Designs and builds SQL queries, views, functions, and stored procedures
  • Develops and implements various Finance & Accounting and related dashboards in Power BI and other platforms
  • Adheres to established data modeling and information governance standards
  • Provides technical assistance and guidance to others, both within and outside of IT, helping them to locate and access the data they need, exercising judgment to choose between self-service and more interactive solutions
  • Collaborates with our Enterprise Data team to build a strong community of expertise to support the development and delivery of the firm's enterprise data strategy
  • Designs, builds and tests data structures, pipelines, and reporting process/systems in a sustainable manner, applying automation methods where appropriate
  • Participates in vendor engagements and solution assessments in coordination with the team
  • Builds knowledge and expertise to support the solutions and applications built by the Global Financial Technology & Strategy team
  • Participates in the evaluation of new financial products/applications deemed to be appropriate for the Firm's business, as required
  • Writes, develops and reviews design, interface, user, functional, and technical design documentation, including process maps

Qualifications, Experience and Personal Attributes
Education/Training/Certifications:
  • Bachelor's degree in Computer Science, Finance, or another quantitative or technical field required. An equivalent combination of education and/or experience may be considered in lieu of the degree when the experience has been directly related to the functions of the job
  • Training or certifications in data engineering, cloud data platforms, data science, or analytics (e.g., Fabric Data Engineer, Azure Solutions Architect, Power BI) are preferred

Professional Experience:
  • Minimum 3 years previous professional experience as a Data Analyst, Financial Analyst, Engineer, or similar role is required
  • Experience working with organizational data warehouses, including the creation and management of the data residing within them required
  • Experience developing relationships with key business stakeholders to understand requirements and support the adoption of new data and reporting solutions is required
  • History of working with team members across multiple offices is preferred
  • Past experience with a law or other professional services firm is welcome, but not required

Technical Skills:
  • Proficiency in all Microsoft Office products required, including Visio
  • Experience with enterprise relational database technologies is required, including but not limited to Microsoft SQL Server
  • Experience with enterprise data management, integration, and analytical technologies is required, including but not limited to:
    • Microsoft SQL Server Integration Services (SSIS) and other ETL tools
    • Microsoft SQL Server Reporting Services (SSRS)
    • Microsoft SQL Server Management Studio (SSMS)
    • Microsoft Power Platform experience
  • Scripting experience using SQL, Python, R, Power Query M, or PowerShell is preferred
  • Knowledge of law firm practice management systems (Aderant or Elite) is preferred

Performance Traits:
  • Strong written and verbal communication skills, able to communicate with various audiences effectively and in a professional manner, at all levels of the Firm, and with outside vendors
  • Strong analytical and problem-solving skills with an ability to investigate and assess complex systems to propose technical solutions, and explain them to a non-technical audience
  • Strong organizational and time management, priority-setting, and troubleshooting skills, especially when responding to unanticipated business requirements
  • Ability to work in a diverse team environment and effectively support the demanding needs of the Firm
  • Able to effectively communicate and influence others outside the direct chain of reporting
  • Ability to work under pressure, and meet deadlines with shifting priorities
  • Must be a self-starter with a high level of initiative
  • Strong customer service skills, able to anticipate needs and exercise independent judgment
  • Strong attention to detail, organizational skills and the ability to handle multiple projects
  • Maintains confidentiality and exercises discretion
  • Willing to challenge the status quo, and knows when to speak up while demonstrating tact

Physical Requirements:
  • May require travel to other offices as needed

We offer competitive compensation and comprehensive benefits, including medical/dental/vision/life/and AD&D insurance, 401(k) savings plan, back-up childcare and eldercare, generous paid time off (PTO), as well as opportunities for professional development and growth.
We are committed to providing equal opportunity and reasonable accommodations to applicants and employees with disabilities and disabled veterans. To request an accommodation related to the application process or interview, please email uslateralrecruiting@mayerbrown.com. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
Mayer Brown works with select external search firms that have been vetted against our standards. Firms without a contract or agreement with Mayer Brown are not authorized to represent that they are working with the Firm, nor are they entitled to placement fees. Mayer Brown does not accept unsolicited CVs from external recruiters. Submission of an unsolicited CV to Mayer Brown or any of its Partners or employees will not establish any right of priority for the submitting agency.
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Posted Pay Range
The typical pay scale for this position is between USD $95,000.00/Yr. and USD $126,000.00/Yr., although the actual wage or salary could be lower or higher if the candidate's education, experience, skills and internal pay alignment are different from those specified.

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