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Financial Engineering Jobs in Illinois (NOW HIRING)

Sterling Engineering Inc.

Director-Engineering

Chicago, IL · Remote

$170K - $200K/yr

We are seeking a strategic Director (Engineering) to lead our functional business unit, driving operational excellence, financial performance, client growth, and team development. This leadership ...

IMC

Quantitative Researcher - Futures

Chicago, IL · On-site

Advanced degree (MSc, PhD, or equivalent) in a quantitative or technical discipline (Mathematics, Statistics, Physics, Computer Science, Financial Engineering, or similar). * Several years (5+ Years ...

Compeer Financial

Intern Engineering

Bloomington, IL · On-site

$16 - $20.75/hr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We ... The Engineering Intern is a temporary developmental role designed to provide students with ...

Compeer Financial

Intern Engineering

Bloomington, IL · On-site

$16 - $20.75/hr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We ... The Engineering Intern is a temporary developmental role designed to provide students with ...

Compeer Financial

Intern Engineering

Bloomington, IL · Hybrid

$16 - $20.75/hr

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We ... The Engineering Intern is a temporary developmental role designed to provide students with ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

... Financial Engineering, or similar * 1-3 years of research or industry experience in quantitative finance, systematic trading, or applied ML / data science * Strong programming skills in Python ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

$120 - $175/hr

... Financial Engineering, or similar * 1-3 years of research or industry experience in quantitative finance, systematic trading, or applied ML / data science * Strong programming skills in Python ...

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Showing results 41-60

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.

Risk Management and Corporate Governance Associate

Tidal Financial Group

Chicago, IL • On-site, Remote

$85K - $110K/yr

Full-time

Re-posted 6 days ago

Job description

The Tidal Financial Group is a leading ETF investment technology platform dedicated to creating, operating, and growing ETFs. We combine expertise and innovative partnership approaches to offer comprehensive, value-generating ETF solutions.
Our platform offers best-in-class strategic guidance, product planning, trust and fund services, legal support, operations support, marketing and research, and sales and distribution services.
About the role
Tidal's Risk Management & Corporate Governance Associate is a dynamic multi-disciplinary role that will be a valued contributor in delivering and managing our AI-driven Program target state. The Associate will leverage their technical capabilities to use automation, AI and modeling to support our target state mission, which will deliver a fully integrated Program that maximizes the efficiency and value of its processes and reporting.
The core componentsof our Program:
The Associate will include the following: Risk Intelligence, Derivative Risk Management Program (DRMP), Liquidity Risk Management Program (LRMP), Risk & Controls Self-Assessment (RCSA), Emerging Risks, Stress Testing, Risk Appetite, Third Party Risk Management, Issues Management, Policy Management & Corporate Governance.
Reporting directly to the VP of Risk Management, the candidate fortunate to earn our exceptional Risk Management Associate career opportunity will bring a passionate, entrepreneurial & disciplined mindset towards ensuring we maximize our Program's contribution and value to Tidal's continued growth and operational complexity.
What you'll do:
  • Integrated Central System - Design and implement our Program's integrated central system that will store, review, update and link our risks, controls, risk appetite limits, issues, counterparties, third-party vendors & policies/governing documents.
  • Risk Intelligence - Design and implement Tidal's Risk Intelligence data and reporting using automation, AI (ex. LLM, machine/deep learning), quantitative modeling, and visualization tools to deliver data-driven risk insights and forward-looking predictive analytics & forecasts to drive proactive risk-informed decisions.
  • Derivatives Risk Management Program (DRMP) - Tidal's DRMP satisfies SEC Rule 18f-4 and is one of the largest DRMPs in the country with ~200 covered funds. Earn an opportunity to become a designated 18f-4 Derivative Risk Manager (DRM) by optimizing our Value-at-Risk ("VaR"), Stress Testing and Backtesting data and reporting using automation, AI and quantitative modeling.
  • Risk & Control Self-Assessment (RCSA) - Build a comprehensive risk and controls inventory for all financial (ex. Market, Counterparty) and non-financial (ex. Ops, Compliance) risks across the Enterprise. Automate RCSA reporting and assessment updates by integrating with other key systems/reporting. Utilize AI and quantitative modeling to deliver defensible risk & control assessments.
  • Risk Appetite - Build a comprehensive risk appetite limit/metric and breach inventory across risks that is directly linked to our RCSA inventory. Automate risk appetite reporting and limit/metric and breach updates by integrating with other key systems/reporting. Utilize AI and quantitative modeling to set limits/metrics and develop early warning indicators.
  • Cross-Functional Leadership - Be a trusted partner across Tidal's growth-oriented, entrepreneurial culture by providing balanced challenge, thoughtful insights, and practical recommendations.

Qualifications
  • Bachelor's degree in Data Science, Econometrics, Advanced Mathematics, Financial Engineering, Computer Science or related technical degrees.
  • 1-5+ years of relevant experience in risk management within asset/investment management, ETF platforms, or broader financial services preferred.
  • Demonstrated knowledge and experience using AI (LLM, machine/deep learning) and building quantitative models to deliver forward-looking predictive analytics and forecasts.
  • Demonstrated knowledge and experience in building and using automation and data visualization tools to streamline complex processes and build reporting including dashboards with insightful and actionable information.
  • Practical understanding of enterprise risk & governance frameworks including risk identification & assessment, controls, risk appetite limits and stress testing preferred.
  • Practical understanding of trading, ETFs, derivatives risk, including options, swaps, futures, structured instruments, margining, collateral, and liquidity risk preferred.
  • Exceptional written and verbal communication skills, with ability to translate complex issues into clear and actionable decisions.
  • Ability to thrive in a fast-paced, high-growth, entrepreneurial environment, balancing structure with adaptability.
  • Strong interpersonal skills and ability to influence stakeholders.

The pay range for this role is:
85,000 - 110,000 USD per year (Remote)

Apply