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Quant Developer Jobs in Cleveland, OH (NOW HIRING)

Keybank

Quant Analytics Assoc - Model Risk

Cleveland, OH · Hybrid

$68K - $103K/yr

Bachelor's degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines * One year of relevant analytics or modeling ...

KeyBank

Quant Analytics Assoc - Model Risk

Cleveland, OH · On-site

$68K - $103K/yr

Bachelor's degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines * One year of relevant analytics or modeling ...

Northwest

Quantitative Analyst II

Independence, OH · On-site

This position is also responsible for developing quantitative tools used in the areas of pricing ... programming in Python or R Experience programming in SQL, SAS, Java, C+, C++, or Julia General ...

KeyBank

Quantitative Credit Data Analyst

Cleveland, OH · On-site

Bachelor's degree in Mathematics, Statistics, Data Science, Engineering, Finance, Economics, Computer Science, Data and Business Analytics or other quantitative fields of study or relevant experience ...

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How much do quant developer jobs pay per year?

As of Jul 27, 2026, the average yearly pay for quant developer in Cleveland, OH is $164,608.00, according to ZipRecruiter salary data. Most workers in this role earn between $130,400.00 and $193,000.00 per year, depending on experience, location, and employer.

How much do quant devs make?

Quant developers typically earn between $100,000 and $200,000 annually, with experienced professionals and those at top firms earning higher salaries and bonuses. Compensation often includes performance-based bonuses and benefits, and strong programming skills in languages like Python, C++, or Java are essential for success in this role.

What is a Quant Developer job?

A Quant Developer (Quantitative Developer) is a software engineer who builds and maintains financial models, trading systems, and analytical tools for quantitative analysts and traders. They use programming languages like Python, C++, or Java to develop algorithms that automate trading strategies, risk analysis, and data processing. Quant Developers typically work in hedge funds, investment banks, or proprietary trading firms, collaborating with quants and portfolio managers to optimize trading performance. Strong mathematical skills, proficiency in financial markets, and expertise in software development are essential for this role.

What are some typical challenges quant developers face in their daily work?

Quant developers often work with large, complex datasets and real-time data streams, which can present technical challenges related to performance, accuracy, and scalability. They may need to continuously adapt to changing market requirements or new financial regulations, requiring staying up to date and learning new tools or methods. Collaboration with quants, traders, and other stakeholders is common, so balancing technical problem-solving with effective communication is also important. These challenges make the role both demanding and intellectually rewarding for those passionate about technology and finance.

What jobs make $1,000,000 a year?

Quant developers in finance and hedge fund managers are among the roles that can earn $1,000,000 or more annually, often through a combination of base salary, bonuses, and profit sharing. These positions typically require advanced quantitative skills, programming expertise, and experience in high-stakes trading environments.

What does a quant developer do?

A quant developer designs and implements complex mathematical models and algorithms used for trading, risk management, and investment strategies in financial firms. They typically work with programming languages like Python, C++, or Java and collaborate closely with traders and analysts to develop automated systems. Strong quantitative skills, programming expertise, and knowledge of financial markets are essential for this role.

What are the key skills and qualifications needed to thrive in the Quant Developer position, and why are they important?

To thrive as a Quant Developer, you need advanced programming skills (often in Python, C++, or Java), a strong foundation in mathematics or statistics, and a relevant degree such as in computer science, engineering, or quantitative finance. Expertise in numerical libraries, version control systems like Git, and familiarity with financial modeling tools or industry data feeds is highly valuable. Collaboration, strong analytical thinking, and the ability to communicate complex concepts clearly are critical soft skills for this role. These capabilities are essential for designing robust quantitative models and working effectively with cross-functional teams in fast-paced financial environments.

What jobs pay $500,000 a year in the US?

In the US, highly compensated roles such as senior quantitative developers, hedge fund managers, investment bankers, and chief technology officers can earn $500,000 or more annually. These positions typically require advanced skills in finance, programming, and data analysis, along with significant experience and often performance-based bonuses or profit sharing.
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Quant Developer jobs near you
Infographic showing various Quant Developer job openings in Cleveland, OH as of July 2026, with employment types broken down into 28% Internship, 42% Full Time, and 30% Contract. Highlights an 100% In-person job distribution, with an average salary of $164,608 per year, or $79.1 per hour.
Quant Analytics Assoc - Model Risk

Quant Analytics Assoc - Model Risk

Keybank

Cleveland, OH • Hybrid

$68K - $103K/yr

Full-time

Posted 23 days ago

KeyBank rating

8.4

Company rating: 8.4 out of 10

Based on 97 frontline employees who took The Breakroom Quiz

40th of 170 rated banks

Job description

Location:

127 Public Square, Cleveland Ohio

ABOUT THE JOB (JOB BRIEF)

As a Quantitative Analytics Associate, under supervision, you will be responsible for the independent validation and review of the bank's various risk models. This role is intended to ensure that models are functioning properly, comply with regulatory requirements, and associated risks are accurately identified, measured, and reported to senior management. Specifically, you will be performing in-depth validations and reviews of new and existing models used across the bank, including those designed for mitigating of Fraud Risk, Compliance Risk (such as AML, OFAC), Credit Risk (such as CECL), Market Risk/Treasury/Liquidity Risk, etc.

ESSENTIAL JOB FUNCTIONS

  • Perform hands-on quantitative model validation/review under supervision. This includes testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques, such as back-testing, benchmarking, sensitivity analysis, stress testing, etc.
  • Provide an effective challenge throughout the model validation/review to ensure that models are robust, and all assumptions and limitations are justified
  • Present findings, weakness and/or observations identified from the validation/review to model developers/owners to ensure executable finding remediations
  • Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions

REQUIRED QUALIFICATIONS

  • Bachelor's degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines
  • One year of relevant analytics or modeling experience, or a graduate degree in a related field
  • Experience in data handling, performing data transformations and data cleaning.
  • Experience in statistical testing and root-cause analysis
  • Experience in traditional and AI/ML model development or validation, with a good understanding of quantitative modeling methods (including AI/ML algorithms) used for various risk predictive models, such as fraud risk, AML risk models, etc.
  • Proficiency in programming languages such as Python, R, SQL or SAS
  • Excellent written and verbal communication skills to clearly articulate complex technical findings to both technical and non-technical stakeholders

EXPECTED COMPETENCIES

  • Leadership: Will work under supervision; Starting developing skills to solve various problems independently and communicate effectively
  • Partnering / Influencing: Strong relationship building ability; Strong interpersonal skills; Developing ability for effective discussion with business partners, technology, etc.
  • Business Acumen: Developing understanding of business operation, key drivers of financial results and business impact; Developing knowledge of our competition and industry; Possesses intellectual curiosity
  • Critical Thinking / Problem Solving: Leverages critical thinking and business acumen to provide solutions to increasingly more complex problems; Understands impacts / intersections with other business partners / LOBs; Aware of potential pitfalls with each recommended solution; thoroughly vets and thinks through options before making a decision
  • Communication: Strong writing skills; organizes material for brevity, persuasiveness, and impact; Effectively communicates key points to respective stakeholders, with the right amount of detail; Proactively shares information beyond those at the table who may have a need to know; Comfortable in situations where conflict is present

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $68,000.00 - $103,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 07/26/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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