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Financial Engineering Jobs (NOW HIRING)

MerQube Inc

Financial Engineer

New York, NY

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

Manhattan, NY · On-site

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 ...

Sun West Mortgage-Since 1980

Be Seen First

Financial Analyst / Financial Engineer

Cerritos, CA · On-site

We're scaling our financial infrastructure, and we need sharp minds to strengthen the financial engineering, modeling, and optimization that powers the entire Sun West platform. The Mission Forget ...

Freddie Mac

Financial Modeling Software Engineer

Mclean, VA · On-site

$109K - $163K/yr

Then welcome to Financial Engineering! This is the place where the financial models become software products, where many of the numbers that drive our business decisions are produced. Our systems are ...

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Financial Engineering information

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$76K

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How much do financial engineering jobs pay per year?

As of Jul 5, 2026, the average yearly pay for financial engineering 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 the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What engineering jobs pay $500,000?

In financial engineering, senior roles such as Quantitative Research Directors, Chief Risk Officers, and senior quantitative analysts can earn $500,000 or more annually, especially with bonuses and profit sharing. These positions typically require advanced degrees, strong programming skills, and extensive experience in financial modeling and risk management.

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 quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What engineers make $300,000 a year?

In the field of financial engineering, professionals such as quantitative analysts, derivatives traders, and risk managers can earn $300,000 or more annually, especially with experience, advanced degrees, and proficiency in programming languages like Python or C++. These roles often require strong mathematical skills, knowledge of financial markets, and sometimes certifications like CFA or FRM.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What engineers make $200,000 a year?

In the field of financial engineering, professionals such as quantitative analysts and risk managers often earn $200,000 or more annually, especially with experience, advanced degrees, and proficiency in programming languages like Python or C++. Senior roles in investment banks, hedge funds, and financial technology firms typically offer compensation at or above this level, often including bonuses and incentives.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze and manage financial risks, design trading strategies, and create financial products. They often work with programming tools like Python or C++ and require strong skills in mathematics, finance, and computer science. Their work supports decision-making in investment banks, hedge funds, and financial institutions.
More about Financial Engineering jobs
What cities are hiring for Financial Engineering jobs? Cities with the most Financial Engineering job openings:
What are the most commonly searched types of Financial Engineering jobs? The most popular types of Financial Engineering jobs are:
What states have the most Financial Engineering jobs? States with the most job openings for Financial Engineering jobs include:
What job categories do people searching Financial Engineering jobs look for? The top searched job categories for Financial Engineering jobs are:
Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in the United States as of June 2026, with employment types broken down into 92% Full Time, 4% Part Time, 2% Temporary, and 2% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $110,812 per year, or $53.3 per hour.
Financial Engineer

Financial Engineer

MerQube Inc

New York, NY

Other

Posted 22 days ago

Job description

MerQube, established in 2019 by executives from globally recognized financial and technology firms, is at the forefront of disrupting the Index creation and systematic investing landscapes. Utilizing state-of-the-art technology and a cloud-based architecture, MerQube empowers clients to bring innovative ideas to market efficiently. As a Financial Engineer at MerQube, you will be part of a dynamic and growing team, contributing to the evolution of the financial industry.

Position Summary:

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.

What We Offer:

- A stimulating and convivial work environment with ample opportunities for professional growth.

- The freedom to make a real impact in a company at the forefront of financial technology.

- Competitive compensation package with benefits.

If you are a passionate Financial Engineer with a keen interest in disrupting the financial industry using cutting-edge technology, we invite you to join MerQube's journey of innovation. Apply today to be a part of our dynamic team reshaping the future of systematic investing and index creation.

 Equal Opportunity Employer:

MerQube is committed to building a diverse and inclusive team. All qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity or expression, age, national origin, disability, protected veteran status, or any other factor protected by applicable federal, state, or local laws. If you're the best person for the job, we want you on board!

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.


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