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Hedge Fund Machine Learning Jobs in Chicago, IL (NOW HIRING)

... hedge fund strategies and financial products employed therein. He or she will be expected to become familiar with the various investment strategies and financial products through on-the-job learning ...

Senior Equity Analyst

Chicago, IL · On-site

$90K - $120K/yr

... hedge fund * Proven track record of owning sector coverage and generating differentiated ... Passionate about the markets, adaptable, and driven by impact and continuous learning * Comfortable ...

... hedge fund * Proven track record of owning sector coverage and generating differentiated ... Passionate about the markets, adaptable, and driven by impact and continuous learning * Comfortable ...

Systematic Equity Options Trader

Chicago, IL · On-site +1

$170K - $250K/yr

Manage portfolio risk through systematic hedging and position management * Analyze market ... Experience with statistical analysis, machine learning, and quantitative modeling techniques * Must ...

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Hedge Fund Machine Learning information

See Chicago, IL salary details

$26.3K

$43.9K

$90.7K

How much do hedge fund machine learning jobs pay per year?

As of Aug 8, 2026, the average yearly pay for hedge fund machine learning in Chicago, IL is $43,867.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,500.00 and $47,400.00 per year, depending on experience, location, and employer.

What are the typical projects or challenges a hedge fund machine learning professional may encounter?

As a Hedge Fund Machine Learning professional, you may work on projects involving the development of predictive models for market movements, portfolio optimization, anomaly detection, or automated trading strategies. Common challenges include sourcing high-quality financial data, managing noisy or incomplete information, and ensuring that models remain robust in dynamic market conditions. Additionally, you will often collaborate with portfolio managers, data engineers, and other quant researchers to translate model insights into actionable investment strategies. Overcoming these challenges requires both technical expertise and adaptability, offering significant opportunities for career growth and impact within the fund.

What are the key skills and qualifications needed to thrive in hedge fund machine learning?

To thrive in a Hedge Fund Machine Learning role, you need a strong background in quantitative analysis, statistics, programming (often in Python or R), and machine learning, typically supported by a degree in mathematics, computer science, or a related field. Proficiency with data analysis libraries (like pandas, NumPy), machine learning frameworks (such as TensorFlow or scikit-learn), and experience with financial data sets or platforms is highly valuable. Effective communication, collaboration, and a strong problem-solving mindset are crucial soft skills in this role. These competencies are essential to designing and implementing robust trading models, navigating complex data, and working efficiently in a fast-paced, team-driven environment.

What is a hedge fund machine learning?

A Hedge Fund Machine Learning job involves applying data science, artificial intelligence, and quantitative modeling techniques to improve trading strategies, risk management, and portfolio optimization. Professionals in this role develop and implement machine learning algorithms to analyze financial data, identify patterns, and generate predictive models for market behavior. They work closely with portfolio managers, traders, and quantitative researchers to enhance decision-making and generate alpha. Strong programming skills, expertise in statistics, and knowledge of financial markets are essential for success in this field.

What are popular job titles related to Hedge Fund Machine Learning jobs in Chicago, IL? For Hedge Fund Machine Learning jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Hedge Fund Machine Learning jobs in Chicago, IL look for? The top searched job categories for Hedge Fund Machine Learning jobs in Chicago, IL are:
Infographic showing various Hedge Fund Machine Learning job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 22% Part Time, 1% Temporary, and 2% Contract. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $43,867 per year, or $21.1 per hour.

Client Relationship Manager, Hedge Fund Services

Northern Trust

Chicago, IL • Hybrid

$95K - $162K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago


Northern Trust rating

8.2

Company rating: 8.2 out of 10

Based on 27 frontline employees who took The Breakroom Quiz


Job description

About Northern Trust


As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.


Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.


Client Relationship Manager, Hedge Fund Services

Northern Trust Hedge Fund Services (HFS) partners with leading alternative asset managers, hedge funds and institutional investors. The Relationship Manager will build trusted partnerships, strengthen service delivery and help clients navigate complex fund administration, middle office, accounting, operations and investor servicing needs.

This highly visible role is ideal for someone who enjoys solving complex problems, partnering with senior stakeholders and delivering a strong client experience in a fast paced alternative investments environment.

Major Duties

  • Manage strategic hedge fund services relationships and deliver a consistent client experience.

  • Serve as a trusted advisor on client goals, operating models and evolving needs.

  • Coordinate fund administration, middle office, accounting, operations and investor services support.

  • Resolve issues, improve service delivery and support strong client satisfaction.

  • Align service expectations, agreements and requirements across internal teams and clients.

  • Facilitate investor and client due diligence sessions.

  • Build relationships with C suite leaders and senior decision makers.

  • Lead quarterly service reviews and senior management reporting.

  • Identify growth opportunities and support delivery of new products and services.

  • Manage client profitability, pricing strategy, competitive awareness and repricing.

  • Provide consulting, leadership and technical guidance across key functional areas.

  • Promote collaboration, accountability and a one team approach.

  • Solve complex business and operational issues using strong knowledge of hedge fund services and alternative investments.

  • Coordinate client training on technology platforms, tools and service processes.

  • Manage escalations involving sensitive conversations and complex issues.

Qualifications & Experience

  • Bachelor's degree in Finance, Accounting or a related discipline, or equivalent experience. Master's degree preferred.

  • Experience in hedge fund services, fund administration, middle office, prime brokerage, asset management, alternative investments or consulting.

  • Strong client relationship management skills with institutional clients, senior leaders and cross functional teams.

  • Experience supporting complex institutional clients or alternative investment managers.

  • Knowledge of fund operations, accounting, investor services, treasury, trading or asset servicing functions.

  • Skilled at managing multiple priorities, projects and service issues in a fast paced environment.

  • Strong presentation, written and verbal communication skills, with the ability to explain technical and strategic information clearly.

  • Sound judgment, strong decision making skills and high integrity.

  • Proactive, collaborative working style with a strong interest in learning, technology and continuous improvement.

#LI-MG1

#Hybrid

Salary Range:

$95,565 - 162,495 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.


Work Authorization


Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).


Working with Us


As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.


Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.



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