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Permanent Quantitative Modeling Jobs in Chicago, IL

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

This role sits at the intersection of quantitative modeling and high-performance engineering ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

Anson McCade

Quantitative Researcher

Chicago, IL · On-site

$200K - $400K/yr

Permanent Quant Researcher, HFT Equities/Futures - NYC/Chicago Anson McCade have partnered with a ... Use advanced research techniques to develop trading models. * Peer-review the research of other ...

IMC

Quantitative Researcher - Data Curation

Chicago, IL · On-site

$250K - $300K/yr

Perform data analysis ad statistical modeling to identify patterns and inefficiencies in the market ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

Conduct signal, alpha, and feature research to develop models that improve trading strategy ... Base salary represents just one part of overall compensation; all full-time, permanent roles are ...

IMC B.V.

Quantitative Developer - Python

Chicago, IL · On-site

$200 - $225/hr

Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

IMC

Graduate Quantitative Researcher (PhD)

Chicago, IL · On-site

$250K/yr

Design mathematical models based upon trading ideas * Implement and deploy new models into ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

IMC

Quantitative Researcher - Futures

Chicago, IL · On-site

$250K - $300K/yr

Strong statistical background, with experience in statistical modeling, time-series analysis ... Base salary is only one component of total compensation; all full-time, permanent positions are ...

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site

Permanent Our client is a proprietary trading firm specializing in electronic options market making ... algorithmic trading models from ideation through production deployment • Analyze market ...

Edgehog Trading

Quantitative Execution Trader

Chicago, IL · On-site

$128 - $173/hr

Collaborate with quant researchers and engineers to develop new models using our proprietary ... Base salary represents just one part of overall compensation; all full-time, permanent roles are ...

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All JobsPermanent Quantitative Modeling JobsPermanent Quantitative Modeling Jobs in Chicago, IL

Permanent Quantitative Modeling information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do permanent quantitative modeling jobs pay per year?

As of Aug 19, 2026, the average yearly pay for permanent quantitative modeling in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

What is the difference between Permanent Quantitative Modeling vs Quantitative Analyst?

AspectPermanent Quantitative ModelingQuantitative Analyst
CredentialsDegree in Finance, Mathematics, or related fields; often certifications like CFA or CQFSimilar credentials; often CFA or related certifications
Work EnvironmentFinancial institutions, hedge funds, asset management firmsInvestment banks, asset managers, hedge funds
Job FocusDeveloping and maintaining quantitative models for risk, pricing, and tradingAnalyzing data, developing models, supporting trading decisions
Search & UsageOften compared for model development roles in financeCommonly searched for data analysis and trading support roles

Permanent Quantitative Modeling and Quantitative Analyst roles share similar credentials and work environments, often within financial institutions. However, Quantitative Modeling focuses more on developing and maintaining complex models, while Quantitative Analysts may have broader responsibilities including data analysis and supporting trading strategies. Understanding these distinctions helps candidates target their job search effectively.

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

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

What cities near Chicago, IL are hiring for Permanent Quantitative Modeling jobs?

Cities near Chicago, IL with the most Permanent Quantitative Modeling job openings:

Permanent Quantitative Modeling jobs near you

Quantitative Developer - Derivatives

IMC

Chicago, IL • On-site

$175K - $250K/yr

Full-time

PTO

Re-posted 3 days ago

Job description

We're looking for a Quantitative Developer - Derivatives to join our Chicago office.
At IMC, the Pricing and Risk (PAR) team owns the firm's core quantitative library for live derivatives pricing and risk. This library sits directly in the critical path of our HFT market making systems and serves as the real-time source of truth for valuation across all strategies. It is both foundational and constantly evolving, with extremely high expectations for performance and correctness.
The platform runs at scale across thousands of servers and is developed collaboratively across desks and regions. The team works closely with global counterparts to ensure consistency in how derivatives are modeled and priced across the firm.
Our primary focus is options and volatility modeling, alongside support for a broader set of asset classes including fixed income, ETFs, and FX.
This role sits at the intersection of quantitative modeling and high-performance engineering, similar to roles often titled Quant Developer or Strategist.
Your Core Responsibilities
  • Design and implement high-performance numerical algorithms for pricing and risk
  • Build and improve models that reflect real market behavior, balancing accuracy, stability, and latency
  • Own core components of the firm's pricing library, from models to calculation graphs to central infrastructure
  • Work closely with quants and engineers to ensure models are robust, explainable, and production-ready
  • Contribute across the full lifecycle: research, implementation, validation, and performance optimization
  • Write clean, maintainable production code in C++ and Java

Your Skills and Experience
  • 5+ years of experience in a trading or financial environment working on pricing or risk systems
  • Strong understanding of derivatives pricing, especially options and volatility
  • Solid background in mathematics, physics, computer science, or a related quantitative field
  • Extensive C++ and/or Java skills, with experience building production systems
  • Experience working closely with quants, traders, or similarly technical stakeholders
  • Ability to translate quantitative models into reliable, scalable systems
  • Experience with PDE methods or other advanced numerical techniques is a strong plus
  • Familiarity with numerical analysis (stability, convergence, error propagation) is a plus

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.
Salary Range
$175,000-$250,000 USD
About Us
IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

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