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Quantitative Analyst Jobs in Lockport, IL (NOW HIRING)

Eclipse Trading

Quantitative Analyst

Chicago, IL · On-site

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Eclipse Trading

Quantitative Analyst

Chicago, IL

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Eclipse Trading

Quantitative Analyst

Chicago, IL

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Morningstar, Inc.

Lead Quantitative Analyst

Chicago, IL

$114K - $167K/yr

Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies. * Push the use of AI ...

New

US Bank

Quantitative Model Analyst - AML

Chicago, IL · On-site

The person in this role will join a team of Financial Intelligence Unit (FIU) quantitative analysts responsible for the ongoing monitoring, testing, analytical review, and governance of AML ...

Trading Interview

Quantitative Trading Analyst

Chicago, IL · On-site

$100 - $150/hr

Conduct ad-hoc quantitative analyses within the domains of settings optimization, market microstructure research, key performance metric monitoring, and options pricing theory. What We're Looking For

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All JobsQuantitative Analyst JobsQuantitative Analyst Jobs in Lockport, IL

Quantitative Analyst information

See Lockport, IL salary details

$56.7K

$134.3K

$240.7K

How much do quantitative analyst jobs pay per year?

As of Aug 23, 2026, the average yearly pay for quantitative analyst in Lockport, IL is $134,274.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,800.00 and $145,900.00 per year, depending on experience, location, and employer.

What is a quantitative analyst?

Quantitative Analysts, often called 'quants,' are professionals who use mathematical models, statistics, and computer programming to analyze financial data and support decision-making in finance. They develop and implement complex models to assess risk, value financial securities, and identify profitable investment opportunities. Quants are commonly employed by investment banks, hedge funds, asset management companies, and other financial institutions. Their work helps optimize trading strategies, manage risk, and improve financial performance.

What does a quantitative analyst do?

The responsibilities of quantitative analysts, or quants, include using mathematical models and statistics to analyze data to assess risks and develop solutions for business issues. In this role, you can work in a variety of industries, from production to finance to insurance. You typically gather and interpret data to help an organization implement a solution for maintaining its fiscal health. Duties vary with the industry. Some positions focus on collecting information from the general public or consumers of particular products through the use of polls and surveys to improve their design and marketing. Other quants work alongside researchers in the health care field to test treatments and medical equipment design.

What are the key skills and qualifications needed to thrive as a quantitative analyst, and why are they important?

To thrive as a Quantitative Analyst, you need a strong background in mathematics, statistics, computer science, and finance, often supported by an advanced degree such as a master's or PhD. Expertise in programming languages like Python, R, or MATLAB, as well as familiarity with financial modeling tools and statistical software, is typically required. Analytical thinking, problem-solving abilities, and clear communication skills help you interpret complex data and convey insights to stakeholders. These competencies are crucial for developing accurate financial models, managing risk, and enabling data-driven decision-making in competitive financial environments.

How does a quantitative analyst typically collaborate with other departments within a financial organization?

Quantitative Analysts frequently work closely with traders, portfolio managers, risk managers, and IT professionals to develop, test, and implement financial models. Effective communication is essential, as they must translate complex quantitative findings into actionable insights for decision-makers. It's common to participate in cross-functional meetings, provide model validation support, and help interpret results for non-technical stakeholders. This collaborative environment fosters both technical skill development and a deeper understanding of the business, which can open doors to broader career opportunities.

What is the difference between Quantitative Analyst vs Data Scientist?

AspectQuantitative AnalystData Scientist
Required CredentialsDegree in finance, mathematics, or statistics; often certifications like CFADegree in computer science, statistics, or related fields; certifications like CAP or data science certifications
Work EnvironmentFinancial firms, investment banks, hedge fundsTech companies, finance, healthcare, and various industries
Employer & Industry UsagePrimarily in finance and investment sectorsAcross multiple industries including tech, healthcare, and retail
Common Search & Comparison IntentUnderstanding roles in finance and investment analysisExploring data analysis and machine learning roles

While both roles involve data analysis and statistical skills, Quantitative Analysts focus on financial modeling and investment strategies within finance firms. Data Scientists have a broader scope, applying data analysis across various industries, often with programming and machine learning expertise.

What is the starting salary of a quantitative analyst?

The starting salary for a quantitative analyst typically ranges from $60,000 to $90,000 annually, depending on factors such as location, education, and industry. Entry-level roles often require strong skills in mathematics, programming, and data analysis tools like Python or R.
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What are the most commonly searched types of Quantitative Analyst jobs in Lockport, IL?

The most popular types of Quantitative Analyst jobs in Lockport, IL are:

What job categories do people searching Quantitative Analyst jobs in Lockport, IL look for?

The top searched job categories for Quantitative Analyst jobs in Lockport, IL are:

What cities near Lockport, IL are hiring for Quantitative Analyst jobs?

Cities near Lockport, IL with the most Quantitative Analyst job openings:

Quantitative Analyst jobs near you
Infographic showing various Quantitative Analyst job openings in Lockport, IL as of August 2026, with employment types broken down into 86% Full Time, 9% Part Time, and 5% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $134,274 per year, or $64.6 per hour.

Quantitative Analyst

Eclipse Trading

Chicago, IL • On-site

Full-time

Re-posted 6 days ago

Job description

Quantitative Analyst (Chicago)
Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.
We are looking for a talented individual to be part of a close-knit team based in our Chicago office that values innovation, creativity, and professional growth. This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration. The successful candidate will get the opportunity to work in a collaborative environment where their contributions directly impact the success of the desk, as well as gain exposure to cutting-edge trading strategies and technologies in the volatility space.
Responsibilities and Duties
  • Perform quantitative analysis to improve existing trading strategies and develop new ones
  • Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions
  • Build and maintain analytical tools and libraries

What you offer
Must have
  • Proven 2+ years of experience working on or with a mid-to-high frequency trading desk specializing in volatility trading in the US market
  • Expertise in options portfolio optimization and strategy back testing
  • Excellent proficiency in Python for scripting, data analysis, and model development
  • A relevant tertiary degree with a strong academic record, ideally in Mathematics, Physics, Computer Science, Financial Engineering, or a related quantitative field
  • A collaborative mindset with a desire to work in a small, close-knit team and contribute to the growth of the desk
  • Excellent command of spoken and written English, with the ability to communicate complex ideas clearly and effectively
  • Authorization to work in the United States

Desirable
  • Experience with relative value and/or dispersion based volatility strategies
  • Experience with short-dated options and modelling short-term realized volatility measures
  • Research experience in event-driven volatility pricing (e.g., earnings announcements, macroeconomic events, M&A activity)

What we offer
  • The opportunity to work in a collaborative environment where your contributions directly impact the success of the desk
  • A close-knit team that values innovation, creativity, and professional growth
  • Exposure to cutting-edge trading strategies and technologies in the volatility space
  • A flat management structure, where everyone's voice is valued
  • Work life balance within a multi-cultural environment

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.
All information provided will be treated in strict confidence and used solely for recruitment purposes.
Due to the high number of responses that we receive, we are only able to respond to successful applicants.

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