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Financial Engineering Jobs in Illinois (NOW HIRING)

Next Step Systems

C++ Software Developer

Chicago, IL · On-site

$50.50 - $68/hr

Responsibilities: - Work under general direction from senior management. - Collaborate closely with financial engineering and trading colleagues to understand functional objectives and requirements ...

FurstStaffing

Be Seen First

CNC Mill Programmer

Rockford, IL · On-site

$25 - $35/hr

FurstProfessionals focuses on mid-management and technical careers in fields such as HR, IT, Financial, Engineering, Maintenance Mechanics, Sales, etc. FurstExecutiveSolutions is a retained executive ...

Quant Blueprint LLC

AI Quantitative Strategist

Chicago, IL · On-site

$54 - $66/hr

Quantitative background - includes degrees in Mathematics, Statistics, Econometrics, Financial Engineering, Operations Research, Computer Science and Physics. * Programming proficiency with at least ...

New

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

... PhD in financial engineering, applied math, statistics, econometrics, or related field (preferred). Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords:

Next Step Systems

Tactics Associate

Northbrook, IL · On-site

... PhD in financial engineering, applied math, statistics, econometrics, or related field (preferred). Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords:

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K - $209K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K - $209K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

TransMarket Group

Senior Corporate Bonds Trader

Chicago, IL · On-site

$83K - $105K/yr

Bachelor's, Master's, or Doctorate in Financial Engineering, Statistics, Math, Computer Science or equivalent * Strong counterparty relationships with the street * Experience using ECN/ATS'

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Showing results 21-40

All JobsFinancial Engineering JobsFinancial Engineering Jobs in Illinois

Financial Engineering information

See Illinois salary details

$73.6K

$107.4K

$131.8K

How much do financial engineering jobs pay per year?

As of Sep 4, 2026, the average yearly pay for financial engineering in Illinois is $107,380.00, according to ZipRecruiter salary data. Most workers in this role earn between $96,900.00 and $120,600.00 per year, depending on experience, location, and employer.

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 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 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 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 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.

What jobs do financial engineers get?

Financial engineers typically work as quantitative analysts, risk managers, derivatives traders, or financial modelers in banking, investment firms, hedge funds, and insurance companies. They use skills in mathematics, programming, and financial theory to develop models and strategies for trading, risk assessment, and asset management.

What are popular job titles related to Financial Engineering jobs in Illinois?

For Financial Engineering jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Financial Engineering jobs in Illinois look for?

The top searched job categories for Financial Engineering jobs in Illinois are:

What cities in Illinois are hiring for Financial Engineering jobs?

Cities in Illinois with the most Financial Engineering job openings:

Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $107,380 per year, or $51.6 per hour.

Analytics Engineer, Finance & Modeling

In Tandem, Llc

Chicago, IL • On-site

Full-time

Retirement, PTO

Posted 2 days ago

New

Job description

At In Tandem, we build technology that helps families manage everyday routines and navigate life's biggest transitions. Through our four brands-OurFamilyWizard, Cozi, FamilyWall, and Custody Navigator-we help families stay organized, communicate well, and foster healthy childhoods.  
We believe technology should strengthen relationships and make daily coordination less complicated. Everything we create is designed to lighten the mental load, reduce conflict, and support families through big and small moments.  
If you want your work to make a real difference in the daily lives of parents and kids, In Tandem is the place where your impact will truly matter.   
As an Analytics Engineer (Finance & Modeling), you'll own the metrics, reporting and reconciliation our financial decisions rest on, turning subscription and transaction data across OurFamilyWizard, Cozi, FamilyWall and Custody Navigator into numbers the business can defend. As that foundation becomes automatic, the work shifts toward forecasting and modeling. 

You won't start from scratch. Our dbt project is live on Databricks with a star-schema finance mart in production and documented in Unity Catalog. What's missing is the layer on top, and that layer is yours. We also run an internal AI agent that answers business questions in Slack off the semantic layer, so every metric you define and test becomes a question Finance can ask directly rather than queue. 
  • Governed metrics. Add the definitions the finance mart doesn't have yet (ARR, renewal rate, churn, CAC), versioned in dbt and documented in Unity Catalog, with the tests that make each one defensible, and wired into the agent so Finance can ask them directly. 
  • Reporting Finance can run without you. Move the recurring finance pack into marimo, retire the Tableau views behind it, and turn a monthly hand-build into something that runs on a schedule. 
  • Numbers that reconcile. Reconcile transactions across the app stores, payment processors, subscription systems and the ledger, with automated checks that alert rather than surface at close. Route discrepancies upstream with the evidence attached and turn each one into a test. You build the checks and escalate. Accounting owns the treatment. 
  • Forecasting for Finance. Cohort subscriber and revenue projection, and aggregate renewal and retention forecasting, feeding the CFO's forecast and board reporting. LTV by acquisition source, feeding paid spend allocation with Growth. Pricing and promo impact, modeled before we ship rather than measured after. Individual churn propensity and uplift follow once there's a retention motion ready to act on the scores. 
  • Models ship as scored tables in dbt and Unity Catalog, with tests, lineage and a definition the agent can answer from. Not as notebooks. 
  • Statistically rigorous. You know why a cohort curve is the wrong shape, what a model is leaking, and when a result is noise. 
  • Fluent in finance, and unwilling to let a number you can't explain go out the door. When two systems disagree, you find out why and tell the people upstream. 
  • An engineer who owns the number end to end, from a CFO's question through the model, the test, the report and the conversation that follows. A spreadsheet nobody can reproduce reads to you as a liability. 
  • AI-proficient in practice, not in theory. Claude Code, coding agents and agent SDKs are part of our daily loop, and we expect you to already work this way. A lot of what used to be a week of modeling work is now an afternoon, and we're hiring for people who have internalized that. 
  • Willing to wear several hats. This is a small team supporting four brands. Some weeks you're deep in a retention model, some weeks you're chasing an app store discrepancy or unblocking someone else's dashboard. The scope above is the center of the role, not a fence around it. 
  • Motivated by work that matters. Families rely on these products during real moments in their lives. 
  • 3+ years in analytics engineering, data science, BI engineering or advanced analytics. 
  • Statistical modeling shipped into a business process: forecasting, survival or cohort analysis, or propensity. 
  • Measuring the lift from a price change or a growth experiment. You don't need to have designed the test, but you need to be able to read the result honestly and say what it's worth. 
  • Subscription metrics you've built and defended to a finance stakeholder: ARR/MRR, renewal, churn, LTV/CAC, or cohort revenue. 
  • Strong SQL and real dimensional modeling. You've designed marts, not just queried them. 
  • Python and Git as daily habits. 
Nice to have, not a dealbreaker:
  • dbt, Databricks and Unity Catalog, or a comparable lakehouse. 
  • Reconciling transactional data to a financial system of record. 
  • Code-first notebook reporting (marimo, Hex, Streamlit, Quarto). 

Why Join? 
We're redefining family technology.  
In Tandem brings together a growing portfolio of trusted tools that support families, and the professionals who guide them, through the moments that matter most. We bring clarity to chaos and stability to daily family life, helping parents feel less stressed so kids can have healthier childhoods.  

Scale meets startup energy.  
With more than 20 years of impact and a strong market presence, we're entering a bold new chapter of growth. We have the foundation, the momentum, and the ambition to go further: expanding our reach, deepening our impact, and elevating the tools families and professionals rely on every day.  
Purpose-driven. Performance-focused. People-first.  
Our culture is rooted in accountability, curiosity, and collaboration. We value diverse perspectives, thoughtful problem-solving, and teammates who care deeply about building something that matters. 
How we support you: 
  • Medical: In Tandem pays 100% of the premium for employees AND 99% for all additional family members 
  • 401k: Up to a 4% match with immediate vesting   
  • Paid leave for all new parents   
  • Learning & Development stipend for employees   
  • Paid Time Off: 11 Holidays + Winter Break (3 Days) + Volunteer Time Off (1 Day) + Floating Holiday (1 Day) 
  • Personal Time Off: 15 days for 0-1 years of employment, 20 days 1-3 years of employment
  • Supportive and flexible working environment - work from anywhere!   

Come As You Are! 
In Tandem provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. 

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