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Financial Engineering Jobs in Chicago, IL (NOW HIRING)

Turing

Quantitative Finance Analyst

Chicago, IL · Remote

$100 - $200/hr

You will apply your expertise in quantitative modeling, statistical analysis, algorithmic strategy development, and financial engineering to evaluate and train AI systems. If you enjoy solving ...

Mayer Brown

Engineer: Financial Services

Chicago, IL · On-site

$95 - $126/hr

Financial Services is responsible for the support and development of the Finance and Accounting ... Training or certifications in data engineering, cloud data platforms, data science, or analytics (e ...

Mayer Brown Llp

Engineer: Financial Services

Chicago, IL · On-site

$95K/yr

Financial Services is responsible for the support and development of the Finance and Accounting ... Training or certifications in data engineering, cloud data platforms, data science, or analytics (e ...

Mayer Brown

Engineer: Financial Services

Chicago, IL

Financial Services is responsible for the support and development of the Finance and Accounting ... Training or certifications in data engineering, cloud data platforms, data science, or analytics (e ...

Mayer Brown

Engineer: Financial Services

Chicago, IL · On-site

Financial Services is responsible for the support and development of the Finance and Accounting ... Training or certifications in data engineering, cloud data platforms, data science, or analytics (e ...

UNAVAILABLE

Engineer: Financial Services

Chicago, IL · On-site

$95 - $126/hr

Financial Services is responsible for the support and development of the Finance and Accounting ... Training or certifications in data engineering, cloud data platforms, data science, or analytics (e ...

PTMA Financial Solutions

AI Engineer

Naperville, IL · On-site

$120K - $145K/yr

... engineering work as needed to get things shipped. This is a hands-on execution role in a U.S.-regulated financial services environment, working alongside and with guidance from senior members of the ...

Quant Blueprint LLC

NXT - Software Engineer

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

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 ...

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All JobsFinancial Engineering JobsFinancial Engineering Jobs in Chicago, IL

Financial Engineering information

See Chicago, IL salary details

$78.3K

$114.2K

$140.1K

How much do financial engineering jobs pay per year?

As of Sep 5, 2026, the average yearly pay for financial engineering 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 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 the most commonly searched types of Financial Engineering jobs in Chicago, IL?

The most popular types of Financial Engineering jobs in Chicago, IL are:

What are popular job titles related to Financial Engineering jobs in Chicago, IL?

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

What job categories do people searching Financial Engineering jobs in Chicago, IL look for?

The top searched job categories for Financial Engineering jobs in Chicago, IL are:

Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in Chicago, IL as of August 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $114,152 per year, or $54.9 per hour.

Quantitative Finance Analyst

Turing

Chicago, IL • Remote

$100 - $200/hr

Contractor

Posted 4 days ago

Job description

About Turing: 
Based in San Francisco, California, Turing is the world’s leading research accelerator for frontier AI labs and a trusted partner for global enterprises deploying advanced AI systems. Turing supports customers in two ways: first, by accelerating frontier research with high-quality data, advanced training pipelines, plus top AI researchers who specialize in coding, reasoning, STEM, multilinguality, multimodality, and agents; and second, by applying that expertise to help enterprises transform AI from proof of concept into proprietary intelligence with systems that perform reliably, deliver measurable impact, and drive lasting results on the P&L.

Role Overview: 
Turing is looking for Quantitative Finance professionals to work with our researchers to improve the performance of AI models. You will apply your expertise in quantitative modeling, statistical analysis, algorithmic strategy development, and financial engineering to evaluate and train AI systems. If you enjoy solving complex quantitative problems and are interested in shaping the future of AI in finance, please apply. No prior AI experience is required.

What Does Day-to-Day Look Like:
  • Evaluate LLM models on quantitative finance topics such as stochastic modeling, derivatives pricing, statistical arbitrage, and risk quantification.
  • Create rubrics to assess model capabilities on tasks like options pricing, Monte Carlo simulation, factor model construction, and backtesting methodologies.
  • Collaborate with AI researchers and fellow finance experts to shape training methods, evaluation strategies, and benchmarks.

Requirements:
  • 2+ years of experience in Quantitative Finance (e.g., quant trading, quant research, financial engineering, or risk modeling).
  • Strong grasp of stochastic calculus, statistical modeling, derivatives pricing theory, and programming languages such as Python, R, or C++.
  • Excellent written English communication.

Bonuses (Not at All Necessary):
  • CFA, FRM, CQF, Ph.D. in a quantitative field, or MBA in Finance.
  • Perks of Freelancing with Turing:
    • Work on the cutting edge of AI and finance.
    • Fully remote and flexible work environment.
  • Competitive hourly compensation of ~$100+/hour depending on experience.

Offer Details:
  • Commitment: Flexible, 10–30 hrs/week.
  • Duration: ~1 month, with the possibility of extension based on performance and project needs.

After applying, you will receive an email with a login link. Please use that link to access the portal and complete your profile.