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Quantitative Developer Jobs in Indianapolis, IN (NOW HIRING)

Masco Corporation

AI Agent Developer

Indianapolis, IN · On-site

Bachelor's degree in Computer Science, Data Science, Engineering, or a related quantitative field. * 4-6 years of professional experience in software engineering, data engineering, or applied AI/ML.

Cummins

Thermal and Fluid Systems Engineer

Columbus, IN · On-site

$67K - $100K/yr

... VPC), Engineering Standard Work, (ESW), Functional Excellence Practice (FEP) and tools related to ... a quantitative and intuitive comprehension of the flow of liquids and gases, the transfer of ...

Allied Solutions LLC

UX Researcher

Carmel, IN · On-site

... quantitative data from analytics tools, survey results, and other research methods to develop themes and insights that inform UX decisions * Collaborate with strategists, designers, developers, and ...

Allied Solutions LLC

UX Researcher

Carmel, IN · On-site

... quantitative data from analytics tools, survey results, and other research methods to develop themes and insights that inform UX decisions * Collaborate with strategists, designers, developers, and ...

Cummins

Thermal and Fluid Systems Engineer

Columbus, IN · On-site

... VPC), Engineering Standard Work, (ESW), Functional Excellence Practice (FEP) and tools related to ... a quantitative and intuitive comprehension of the flow of liquids and gases, the transfer of ...

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All JobsQuantitative Developer JobsQuantitative Developer Jobs in Indianapolis, IN

Quantitative Developer information

See Indianapolis, IN salary details

$93.7K

$162.2K

$248K

How much do quantitative developer jobs pay per year?

As of Aug 31, 2026, the average yearly pay for quantitative developer in Indianapolis, IN is $162,238.00, according to ZipRecruiter salary data. Most workers in this role earn between $128,600.00 and $190,200.00 per year, depending on experience, location, and employer.

What is a quantitative developer?

Quantitative Developers, often called 'quant devs,' are professionals who combine expertise in programming, mathematics, and finance to design, develop, and maintain complex financial models and trading algorithms. They work closely with quantitative analysts (quants) to implement models that analyze financial data, price securities, or automate trading strategies. Their role typically involves programming in languages like Python, C++, or Java, and working with large datasets to ensure the efficiency and accuracy of financial systems. Quantitative Developers play a critical role in investment banks, hedge funds, and financial technology firms.

What are the key skills and qualifications needed to thrive as a quantitative developer?

To thrive as a Quantitative Developer, you need expertise in mathematics, statistics, programming (often in Python, C++, or Java), and a strong background in quantitative finance or a related field. Familiarity with financial modeling tools, version control systems like Git, and experience with data analysis libraries or platforms are typically required. Strong problem-solving abilities, attention to detail, and effective communication make candidates stand out in this role. These skills are crucial for developing robust, efficient models and tools that directly support trading, risk management, and financial decision-making.

How does a quantitative developer typically collaborate with quantitative analysts and traders in a financial firm?

Quantitative Developers work closely with quantitative analysts to implement mathematical models into robust, efficient code that can be used by traders for real-time decision-making. They often translate research prototypes into production-ready applications, ensuring that the models are both accurate and optimized for speed. Regular communication with traders helps Quantitative Developers understand the practical requirements of trading strategies, allowing them to tailor tools and systems for maximum usability and impact. This collaborative environment is essential for quickly adapting to market changes and maintaining a competitive edge.

What is the difference between Quantitative Developer vs Quantitative Analyst?

AspectQuantitative DeveloperQuantitative Analyst
Required CredentialsDegree in Computer Science, Mathematics, or related field; programming skills (Python, C++, Java)Degree in Finance, Economics, or Mathematics; strong analytical skills
Work EnvironmentPrimarily software development, coding, and system implementationData analysis, modeling, and strategy development
Employer & Industry UsageFinancial firms, hedge funds, trading desksInvestment banks, asset management firms, hedge funds
Common Search & ComparisonFocuses on coding and system buildingFocuses on market analysis and strategy

While both roles work within the finance industry and require quantitative skills, Quantitative Developers primarily focus on building and maintaining trading systems and algorithms through programming. Quantitative Analysts concentrate on analyzing data and developing models to inform trading strategies. The roles often collaborate but differ in their core responsibilities and skill sets.

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The top searched job categories for Quantitative Developer jobs in Indianapolis, IN are:

Quantitative Developer jobs near you
Infographic showing various Quantitative Developer job openings in Indianapolis, IN as of August 2026, with employment types broken down into 81% Full Time, 5% Part Time, and 14% Contract. Highlights an 83% Physical, 5% Hybrid, and 12% Remote job distribution, with an average salary of $162,238 per year, or $78 per hour.

Quantitative Modeling and Research Analyst (II or Senior)

Indianapolis, IN • On-site

Federal Home Loan Bank of Indianapolis
Commercial Banking • 201 - 500 employees
Learn more about Federal Home Loan Bank of Indianapolisexternal

$93 - $110/hr

Other

Medical, Dental, Vision, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

FHLBank Indianapolis is a financial institution that provides liquidity and support to banks, credit unions, community development financial institutions and insurers in Indiana and Michigan, with a focus on affordable housing and community development.

About the Role

The Senior Quantitative Modeling/Research Analyst is responsible for developing, maintaining, and operating financial models across the organization within the Modeling & Analytics Group of the Enterprise Risk Management department.

Responsibilities
  • Implement, test, and operate a diverse range of models for loan valuation, pledged collateral hair‑cut, probability of default, and loss estimation.
  • Utilize statistical and computational techniques to evaluate, calibrate, and tune credit and market risk models.
  • Establish and maintain model documentation covering theory, settings, assumptions, change control, performance monitoring, and user guides in coordination with Model Risk Management and regulatory advisory bulletins.
  • Explain model details, theory, assumptions, and settings to model users and other stakeholders across the organization.
  • Support model validation requests and address findings or recommendations.
  • Interact directly with model validators and regulators regarding model settings, assumptions, and implementation.
  • Lead the process to develop required model enhancements.
  • Stay current on methodologies, mathematical, analytical, and computational techniques related to model management and development.
Competencies
  • Business Analytics Knowledge
  • Research Knowledge
  • Quantitative Implementation Knowledge
  • General Maintaining Institutional Knowledge
  • Results‑driven
  • Time Management
  • People Communication
  • Interpersonal Skills
Position Requirements
  • Graduate degree in Mathematics, Quantitative Analysis, Statistics, Operations Research, Financial Engineering, or a related quantitative field (Master or PhD preferred).
  • CFA or/and FRM certifications are a plus.
  • Preferred 3+ years of experience in quantitative research, risk management, or related work.
  • Model development experience strongly preferred.
  • Experience in commonly used programming languages such as Python or C/C++.
  • Experience with Asset/Liability and valuation software models (e.g., Polypaths, QRM) is a plus.
  • Experience with database management concepts and tools such as SQL is a plus.
  • Attention to detail, ability to multi‑task, and a high degree of initiative and independence.
  • Verbal, written, and interpersonal skills to communicate effectively with all levels of bank personnel.
  • Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security.
  • Ability to work full‑time and uphold the bank’s Guiding Principles.
Hiring Range

$93,000 - $110,000 (base salary; not inclusive of incentive awards, retirement benefits, or ancillary benefits).

Benefits
  • Hybrid workforce model: onsite three days a week, two days remote, with remote flex days available.
  • Competitive pay and total rewards.
  • Industry‑high 401(k) match: up to 6% plus an additional 4% contribution.
  • Tuition reimbursement assistance.
  • Student loan repayment assistance.
  • Medical, dental, vision, and pet insurance.
  • Generous time off: vacation, paid federal holidays, birthday month floating holiday, volunteer day, and summer hour program.
  • “Dress for your day” dress code: choose the appropriate work attire based on your schedule.
Equal Opportunity Employment

FHLBank Indianapolis is an Equal Opportunity Employer. The bank is committed to recruiting, hiring, developing, and retaining a diverse workforce by providing an environment that enables success for all employees.

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