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Part Time Algorithmic Trading Quant Jobs in Illinois

Principal Data Scientist

Chicago, IL · On-site

$122K - $228K/yr

  • Medical

  • Life

  • Retirement

Uses advanced analytical algorithms and technologies (e.g. machine learning, deep learning ... Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For ...

Principal Data Scientist

Chicago, IL · On-site

$122K - $228K/yr

  • Medical

  • Life

  • Retirement

Uses advanced analytical algorithms and technologies (e.g. machine learning, deep learning ... Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For ...

Part Time Algorithmic Trading Quant information

What is a part time algorithmic trading quant?

A Part Time Algorithmic Trading Quant is a professional who develops, tests, and implements mathematical models and algorithms to make automated trading decisions, typically working fewer hours than a full-time quant. They use programming, statistical analysis, and financial market knowledge to create strategies that can profit from market movements. Part-time quants may work for hedge funds, proprietary trading firms, or as independent contractors, and their flexible schedule allows them to balance other commitments while contributing to the trading team's goals.

What are the key skills and qualifications needed to thrive as a part time algorithmic trading quant?

To thrive as a Part Time Algorithmic Trading Quant, you need strong quantitative analysis skills, proficiency in statistics and mathematics, and typically a background in finance, computer science, or a related field. Familiarity with programming languages like Python or C++, experience with trading platforms, and knowledge of machine learning libraries or financial databases are important technical qualifications. Attention to detail, problem-solving ability, and strong communication skills help you stand out in this role. These skills are crucial for developing, implementing, and optimizing trading strategies in fast-paced, data-driven environments where accuracy and adaptability are essential.

What are the typical challenges faced by part time algorithmic trading quants when balancing project deadlines with market hours?

Part-time algorithmic trading quants often face the challenge of synchronizing their limited working hours with the fast-paced and sometimes unpredictable nature of financial markets. Meeting project deadlines can be particularly demanding, as market opportunities and anomalies may arise outside of their scheduled work times. Effective time management, clear communication with the trading team, and automation of routine tasks are essential for success in this role. Collaborating closely with full-time colleagues and using version control systems can also help ensure smooth project handovers and maintain continuity.

What is the difference between Part Time Algorithmic Trading Quant vs Part Time Quantitative Analyst?

AspectPart Time Algorithmic Trading QuantPart Time Quantitative Analyst
CredentialsTypically requires degrees in Computer Science, Mathematics, or Engineering; programming skills essentialRequires degrees in Finance, Economics, Mathematics; strong analytical skills needed
Work EnvironmentPrimarily in trading firms or hedge funds, focused on developing trading algorithmsIn finance institutions, focusing on data analysis, model development, and risk assessment
Industry UsageCommonly employed in algorithmic trading firms and hedge fundsUsed across investment banks, asset management firms, and financial services

While both roles involve quantitative skills and finance knowledge, the Part Time Algorithmic Trading Quant specializes in developing and implementing trading algorithms, often requiring programming expertise. The Part Time Quantitative Analyst focuses more broadly on financial data analysis and model development without necessarily coding trading systems. Understanding these differences helps candidates target their job search effectively.

What are the most commonly searched types of Algorithmic Trading Quant jobs in Illinois?

The most popular types of Algorithmic Trading Quant jobs in Illinois are:

What cities in Illinois are hiring for Part Time Algorithmic Trading Quant jobs?

Cities in Illinois with the most Part Time Algorithmic Trading Quant job openings:

Infographic showing various Part Time Algorithmic Trading Quant job openings in Illinois as of July 2026, with employment types broken down into 2% Locum Tenens, 38% Full Time, 7% Part Time, 1% Contract, and 52% Nights. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution.

$74K/yr

Part-time

Re-posted 29 days ago


Job description

Click on "Learn more about this agency" button below for IMPORTANT additional information.
Your application will remain active through the open period of this Public Notice. Once this Public Notice closes, you must reapply.Qualifications:In order to qualify, you must meet the specialized experience requirements described in the Office of Personnel Management (OPM) Qualification Standards for General Schedule Positions, Group Coverage Qualification Standard for Professional and Scientific Positions.
BASIC REQUIREMENT OR INDIVIDUAL OCCUPATIONAL REQUIREMENT:
Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus.
OR
Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.
In addition to meeting the basic requirement above, to qualify for this position you must also meet the qualification requirements listed below:
SPECIALIZED EXPERIENCE:
GS-11:
Applicants must have at least one (1) year of specialized experience at the next lower grade GS-09, or equivalent in other pay systems. Examples of specialized experience includes developing, improving and implementing analysis and evaluation techniques; preparing and coordinating reference papers and documentation to support projects.
GS-12: Applicants must have at least one (1) year of specialized experience at the next lower grade GS-11, or equivalent in other pay systems. Examples of specialized experience includes applying economics and quantitative social science methods as well as operations research analysis and models to perform difficult and complex assignments.
GS-13: Applicants must have at least one (1) year of specialized experience at the next lower grade GS-12, or equivalent in other pay systems. Examples of specialized experience includes performing quantitative and qualitative analysis of adversarial economic systems and organizations; planning, evaluating and executing assignments requiring application of economic theories, methods and practices.
GS-14: Applicants must have at least one (1) year of specialized experience at the next lower grade GS-13, or equivalent in other pay systems. Examples of specialized experience includes providing design requirements, conducting experiments and investigations and to develop analytic models, methods, algorithms, formulas and simulations; planning for operational experimentation and analysis and manpower and funding recommendations.
GS-15: Applicants must have at least one (1) year of specialized experience at the next lower grade GS-14, or equivalent in other pay systems. Examples of specialized experience includes providing assessments of economic performance, economic strategy and political, social and military context; providing economic advice and analysis to support the development of regional strategy.
KNOWLEDGE, SKILLS AND ABILITIES (KSAs): Your qualifications will be evaluated on the basis of your level of knowledge, skills, abilities and/or competencies in the following areas:
1. Knowledge of the principles, concepts, and theories of economics, political science, operations research and/or other quantitative social science, and the standard practices, methods, and techniques of operation research sufficient to perform progressively difficult assignments
2. Knowledge of intelligence, analysis, evaluation, fact-finding, and investigative techniques in order to gather data, identify significant factors, and recommend a solution from a number of possible alternatives.
3. Knowledge of applied economics methods, quantitative social science, statistics, and / or operations research to perform studies and prepare reports, documentation, and correspondence to communicate factual and procedural information clearly.
4. Skill in applying the principles, concepts, and practices of economics/quantitative social science sufficient to perform moderately difficult assignments.
5. Ability to communicate clearly, concisely, and with technical accuracy, both orally and in writing, as well as work in a professional manner with peers and management.
6. Ability to learn and apply analytical investigative techniques to accomplish work in the economics research field.
PART-TIME OR UNPAID EXPERIENCE: Credit will be given for appropriate unpaid and or part-time work. You must clearly identify the duties and responsibilities in each position held and the total number of hours per week.
VOLUNTEER WORK EXPERIENCE: Refers to paid and unpaid experience, including volunteer work done through National Service Programs (i.e., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community; student and social). Volunteer work helps build critical competencies, knowledge and skills that can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.Education:IF USING EDUCATION TO QUALIFY: If position has a positive degree requirement or education forms the basis for qualifications, you MUST submit transcriptswith the application. Official transcripts are not required at the time of application; however, if position has a positive degree requirement, qualifying based on education alone or in combination with experience; transcripts must be verified prior to appointment. An accrediting institution recognized by the U.S. Department of Education must accredit education. Click here to check accreditation.
FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying.Employment Type: OTHER