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Junior Quantitative Developer Jobs in Chicago, IL

Thurn Partners

Junior FPGA Engineer

Chicago, IL · On-site

FPGA Engineer - Quantitative Trading Firm Location: Chicago The Role A world leading quantitative trading firm is hiring an FPGA Engineer to join its hardware team, building the circuits and IP that ...

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TransMarket Group

Junior Software Engineer

Chicago, IL · On-site

Bachelor's degree in a quantitative or technical field * Passion for software and math applied to ... Programming proficiency and experience (C++, Python). Linux scripting is a plus * Strong work ethic ...

Valkyrie Trading

Junior Derivatives Trader

Chicago, IL · On-site

$140K/yr

Quantitative & Data Analysis skills * Python or R programming experience * Be eligible to start a full-time role within the January 2027 - August 2027 timeframe. * Must have valid, ongoing ...

TransMarket Group

Junior Software Engineer

Chicago, IL · On-site

Bachelor's degree in a quantitative or technical field * Passion for software and math applied to ... Programming proficiency and experience (C++, Python). Linux scripting is a plus * Strong work ethic ...

Fairstead ESC LLC

Developer

Chicago, IL

$160K - $180K/yr

Demonstrate strong leadership and team-building qualities, mentoring junior staff and contributing ... Strong quantitative, financial analysis and modeling (excel) skills. * Exceptional research and ...

TransMarket Group

Senior Algorithmic Trader

Chicago, IL · On-site

Build and maintain trading quantitative model tools and analytics * Develop, code, maintain and ... Mentor Junior Traders and promote their learning on the desk * Help steer recruitment initiatives ...

Guidant Power

Remote Electrical Engineer

Chicago, IL · Remote

Job Description/Function Support junior engineers and customers in the field of power systems and ... Analytical skill- Able to structure and process qualitative or quantitative data and draw ...

Fairstead ESC LLC

Senior Developer

Chicago, IL · On-site

$180K - $200K/yr

Demonstrate strong leadership and team-building qualities, mentoring junior staff and contributing ... Strong quantitative, financial analysis and modeling (excel) skills. * Exceptional research and ...

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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.

Senior Analyst, Quantitative Risk

Mitsubishi HC Capital America Inc

Itasca, IL • On-site

$110K - $135K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 21 days ago

Job description

Position Overview:

The position supports the measurement and forecasting of risk for equipment finance portfolios, both retail and wholesale. Independently performs advanced quantitative analyses. Leads projects to develop models, analyses, and reports that measure credit, residual value, and portfolio risk. Provides thought leadership on analytical approaches and mentors junior analysts.

Essential Duties and Responsibilities:

  • Analyze portfolio trends, risk concentrations, and emerging risks. Work with large datasets related to leases, loans, collateral values, and customer performance.
  • Develop credit, residual value, and/or portfolio risk models and interpret outputs. Lead model documentation, testing, and model governance activities.
  • Contribute to a team that reviews and challenges business-leader decisions that influence portfolio composition and risk.
  • Design and execute stress testing, scenario analysis, and sensitivity analysis.
  • Lead the automation of risk reports and dashboards.
  • Mentor and review work performed by Analysts.

Qualifications/Competencies:

  • Master’s degree in financial engineering, statistics, mathematics, engineering, econometrics, or a related field. Bachelor’s degree is acceptable with compensatory experience.
  • 3–5 years of quantitative, analytics, or risk experience
  • Proficiency in Excel and SQL or Python.
  • Solid understanding of leasing, asset finance, or secured lending concepts.
  • Ability to present complex analyses to non-technical audiences.

Working Hours:

  • This is a full-time position based on a 40-hour work week (35-hour for Canada) but may vary to meet business needs.

Physical Demands:

  • Digital dexterity and hand/eye coordination in operation of office equipment
  • Ability to speak to and hear customers and/or other employees via phone or in person
  • Body motor skills sufficient to move from one office location to another

This job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.


The position is exempt and the salary will be between $110,000 and $135,000 with an opportunity to earn a discretionary annual bonus.

The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience and education.

Additional benefits:

- Medical, Dental, and vision plans

- 401(k) and matching

- Paid Time Off

- Company Paid Life Insurance

- Employee Assistance Program

- Training and Development Opportunities

- Employee Discounts