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Junior Quantitative Developer Jobs in Chicago, IL

Old Mission

Quantitative FX Trader

Chicago, IL · On-site

$150K - $225K/yr

Work closely with internal engineering and research teams to develop proprietary trading strategies ... Train and mentor a team of junior traders Required Skills * Bachelor's degree or foreign equivalent ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... programming languages (C++ and Python) * Build and maintain trading quantitative model tools and ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Assisting quantitative traders in performing research for new trading strategies Requirements ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Assisting quantitative traders in performing research for new trading strategies Requirements ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Assisting quantitative traders in performing research for new trading strategies Requirements ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... programming languages (C++ and Python) * Build and maintain trading quantitative model tools and ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... programming languages (C++ and Python) * Build and maintain trading quantitative model tools and ...

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Showing results 21-40

All JobsQuantitative Developer JobsJunior Quantitative Developer JobsJunior Quantitative Developer Jobs in Chicago, IL

Junior Quantitative Developer information

See Chicago, IL salary details

$24.7K

$91.7K

$141.8K

How much do junior quantitative developer jobs pay per year?

As of Sep 2, 2026, the average yearly pay for junior quantitative developer in Chicago, IL is $91,730.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,100.00 and $89,700.00 per year, depending on experience, location, and employer.

What is a junior quantitative developer?

A Junior Quantitative Developer is responsible for developing, implementing, and maintaining quantitative models and tools used in trading, risk management, or financial analysis. They work closely with quantitative analysts and traders to optimize algorithms, improve performance, and ensure data accuracy. This role typically requires strong programming skills in languages like Python, C++, or Java, along with a solid understanding of mathematics, statistics, and financial markets. Junior Quantitative Developers often contribute to backtesting trading strategies, optimizing execution algorithms, and improving financial models. The position serves as a foundational step for a career in quantitative finance, providing hands-on experience in both development and financial modeling.

What are the typical daily responsibilities of a junior quantitative developer?

As a Junior Quantitative Developer, your daily tasks often include writing and optimizing code to implement quantitative models, analyzing large datasets, and performing model validation or back-testing. You’ll also collaborate closely with senior quants, traders, and software engineers to refine strategies or troubleshoot issues as they arise. Additionally, you may maintain documentation, participate in code reviews, and stay updated with the latest development practices and financial concepts. This role offers a dynamic experience that builds both your technical programming skills and your understanding of financial markets.

What are the key skills and qualifications needed to thrive as a junior quantitative developer?

To thrive as a Junior Quantitative Developer, you need a solid background in mathematics, statistics, and programming—often supported by a relevant degree in fields like computer science, engineering, or quantitative finance. Familiarity with programming languages such as Python, C++, or R, as well as experience using version control systems and exposure to financial data platforms, is highly valuable. Attention to detail, strong analytical thinking, and effective collaboration skills help you excel in dynamic, team-based environments. These capabilities are essential for developing and maintaining quantitative models that support data-driven decision-making in finance or related sectors.

What are the most commonly searched types of Quantitative Developer jobs in Chicago, IL?

The most popular types of Quantitative Developer jobs in Chicago, IL are:

What are popular job titles related to Junior Quantitative Developer jobs in Chicago, IL?

For Junior Quantitative Developer jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Junior Quantitative Developer jobs in Chicago, IL look for?

The top searched job categories for Junior Quantitative Developer jobs in Chicago, IL are:

Junior Quantitative Developer jobs near you
Infographic showing various Junior Quantitative Developer job openings in Chicago, IL as of August 2026, with employment types broken down into 84% Full Time, 6% Part Time, and 10% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $91,730 per year, or $44.1 per hour.

Quantitative Risk Developer / Analyst

Geneva Trading

Chicago, IL • On-site

$85K - $175K/yr

Full-time

Posted 12 days ago

Job description

Founded in 1999, Geneva Trading is a premier global principal trading firm with strategically located offices in Chicago, Dublin, and London. Our relentless focus on trading excellence combined with technological innovation has equipped us with a best-in-class proprietary trading platform, enabling us to compete at the highest levels in the global markets. Rooted in a culture of integrity, collaboration, and an unwavering passion for progress, we foster an environment of personal and professional excellence. Our nimble organizational structure and entrepreneurial spirit attract top-tier talent with a passion for innovation, laying the foundation and driving our consistent success in the industry.
About the Role:
We are seeking a high-quality Quantitative Risk Developer / Analyst to join our proprietary trading firm. We welcome applications from both exceptional junior candidates looking to accelerate their careers and seasoned senior professionals. This uniquely hybrid role balances building robust quantitative risk models with providing critical first-line support for live trading activity, with a strong focus on futures markets. The ideal candidate is a hands-on builder and a calm problem-solver who thrives at the intersection of quantitative development, risk architecture, real-time market dynamics, and applied artificial intelligence.
Key Responsibilities:
  • Quantitative Development: Design, develop, and maintain quantitative risk models, pricing libraries, and margin replication tools for futures markets.
  • AI & Machine Learning Integration: Explore, prototype, and implement AI-driven techniques to enhance predictive risk modeling, anomaly detection, and automated trading surveillance.
  • Live Trading Oversight: Provide real-time, first-line support and monitoring of live trading activity, rapidly identifying and escalating risk exposures, breaches, or system anomalies.
  • Tooling & Architecture: Build, optimize, and scale real-time risk monitoring tools, dashboards, and automated alerting systems.
  • Market Analysis: Interpret complex trading behavior and market movements to assess potential risk implications and continuously refine model parameters.
  • Collaboration & Leadership: Partner closely with traders, operations, and core engineering teams to align risk systems with trading strategies. (Senior candidates will also be expected to mentor junior team members and guide risk-tech architecture decisions).
  • Incident Response: Lead post-trade reviews, risk incident analysis, and implement systemic fixes to prevent recurring issues.

What We're Looking For:
  • Industry Experience: Open to all levels. Ranging from 1-2+ years of high-impact experience for junior candidates to 5+ years for senior applicants in a quantitative development, risk modeling, or trading systems role.
  • Quantitative & Modeling Expertise: Experience (or strong academic/project background for juniors) building and deploying quantitative risk models (e.g., VaR, stress testing, scenario analysis).
  • AI Experience & Passion: Practical experience with machine learning, data science, or AI modeling techniques, coupled with a strong enthusiasm for expanding your AI expertise and applying it to complex risk challenges.
  • Technical Skills: Proficiency in Python and/or C++, with a solid grasp of software engineering best practices, data structures, and database management (SQL/NoSQL).
  • Market Knowledge: Practical understanding of futures markets, exchange mechanics, and trading lifecycles.
  • Calm Under Pressure: Exceptional ability to remain composed, troubleshoot systems, and make sound judgments in a fast-moving, high-stakes live trading environment.
  • Communication: Excellent ability to translate complex quantitative concepts and risk concerns into actionable insights for both technical and non-technical stakeholders.
  • Flexibility: Willingness to provide coverage during Asian market hours, including early mornings or overnight shifts, as dictated by live trading support needs.

Preferred Qualifications:
  • Advanced degree (Master's or Ph.D.) in a quantitative field such as Financial Engineering, Mathematics, Physics, Computer Science, or equivalent.
  • Familiarity with exchange margin methodologies (e.g., SPAN, SPAN 2).
  • Experience working in a 24/5 or global trading infrastructure.

Compensation
Base Salary Range: $85,000 - $175,000, plus eligibility for a performance-based bonus.
Final compensation will be determined based on the candidate's skills, experience, education, and qualifications. In addition to base salary, Geneva Trading offers a competitive total rewards package, including a comprehensive benefits program. Learn more about our employee incentives here: https://www.genevatrading.com/employee-incentives/
Application expected to close: 10/01/2026
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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