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Financial Engineering Jobs in Chicago, IL (NOW HIRING)

IMC

Quantitative Researcher - Futures

Chicago, IL · On-site

$250K - $300K/yr

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 ...

John Staurulakis

OSP Resident

Frankfort, IL · On-site

$29 - $32/hr

For over 60 years, we have provided independent communications service providers with expert financial, engineering, management, operational, regulatory, and strategic guidance. Our extensive ...

John Staurulakis

OSP Resident

Frankfort, IL · On-site

$29 - $32/hr

For over 60 years, we have provided independent communications service providers with expert financial, engineering, management, operational, regulatory, and strategic guidance. Our extensive ...

John Staurulakis (jsitel.com)

OSP Resident

Frankfort, IL · On-site

$29 - $32/hr

For over 60 years, we have provided independent communications service providers with expert financial, engineering, management, operational, regulatory, and strategic guidance. Our extensive ...

Ameriprise Financial

Financial Advisor

Downers Grove, IL · On-site

$45K - $60K/yr

... and developers • Risk managers • Sales and marketing professionals • Teachers and educators About Our Company We're a diversified financial services leader with more than $1.5 trillion in ...

John Staurulakis, LLC

OSP Resident

Frankfort, IL · On-site

$29 - $32/hr

For over 60 years, we have provided independent communications service providers with expert financial, engineering, management, operational, regulatory, and strategic guidance. Our extensive ...

Ameriprise Financial

Financial Advisor

Chicago, IL · On-site

$45K - $60K/yr

As a Financial Advisor with Ameriprise, you'll help shape your clients' financial futures for each ... and developers Risk managers Sales and marketing professionals Teachers and educators About Our ...

Ameriprise Financial

Financial Advisor

Chicago, IL · On-site

$45K - $60K/yr

... and developers • Risk managers • Sales and marketing professionals • Teachers and educators About Our Company We're a diversified financial services leader with more than $1.5 trillion in ...

Ameriprise Financial

Financial Advisor

Downers Grove, IL · On-site

$45K - $60K/yr

As a Financial Advisor with Ameriprise, you'll help shape your clients' financial futures for each ... and developers Risk managers Sales and marketing professionals Teachers and educators About Our ...

John Staurulakis (jsitel.com)

OSP Resident

Frankfort, IL · On-site

$29 - $32/hr

For over 60 years, we have provided independent communications service providers with expert financial, engineering, management, operational, regulatory, and strategic guidance. Our extensive ...

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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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 Aug 11, 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 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 jobs do financial engineers get?

Financial engineers typically work as quantitative analysts, risk managers, derivatives traders, or financial modelers in banks, investment firms, hedge funds, and financial technology companies. They use skills in mathematics, programming, and financial theory to develop models for pricing, trading, and risk assessment. Certifications like CFA or FRM can enhance job prospects in this field.

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 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 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 1% As Needed, 84% Full Time, 13% 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.

Senior FX Futures and Spot Trader

TransMarket Group

Chicago, IL • On-site

Full-time

Re-posted 28 days ago

Job description

Who We Are
Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.
TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.
Description
Our Quantitative Traders are dedicated to enhancing the global economy by facilitating risk transfer and restoring price equilibrium. At TransMarket Group, you'll collaborate with a team committed to eliminating inefficiencies and managing risk in the world's financial markets. As a Senior FX Futures and Spot Trader, you'll leverage the firm's robust capital base and resources to elevate your trading strategies. The ideal candidate possesses a proven track record of disciplined trading, niche expertise in FX markets, and exceptional risk assessment and management skills.
Responsibilities
  • Utilize deep expertise in FX market fundamentals, quantitative modeling, and risk management to trade FX futures and spot instruments.
  • Develop and maintain quantitative tools and analytics for strategy optimization.
  • Manage real-time execution of trading systems, ensuring efficient trade execution.
  • Collaborate with fellow traders to share insights and refine trading strategies.
  • Mentor Junior Traders, fostering their development and understanding of FX markets.

Requirements
  • Minimum of 5 years of experience trading FX futures and spot markets with a consistent track record of profitability.
  • Bachelor's, Master's, or Doctorate in Financial Engineering, Statistics, Mathematics, Computer Science, or a related field.
  • Strong understanding of FX market structures, including spot, forwards, and futures.
  • Demonstrated passion for financial markets and trading.
  • Proficient in Python or similar programming languages for quantitative analysis.
  • Attention to detail with the ability to make sound judgments under pressure.
  • Strong work ethic and a collaborative mindset.
  • Ability to thrive in a fast-paced trading environment.
  • This position requires physical presence and is on-site (all 5 days) at our office in Chicago, IL.

Benefits
We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.
TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

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