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Quantitative Developer Jobs in Naperville, IL (NOW HIRING)

3Red Partners

Quant

Chicago, IL

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is searching for an ...

Calamos Investments

Quantitative Analyst

Naperville, IL · On-site

$110K/yr

Job Requirements Position requires a Master's degree in Quantitative & Computational Finance, Financial Engineering, Econometrics, Computer Science, Engineering, Math, Physics, or a related field and ...

Belvedere Trading

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Belvedere Trading

Quantitative Researcher

Chicago, IL

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Anson McCade

Quantitative Researcher

Chicago, IL

$200K - $400K/yr

Permanent Quant Researcher, HFT Equities/Futures - NYC/Chicago Anson McCade have partnered with a ... Design, engineer and implement research and trading software for electronic trading * Cover ...

Belvedere Trading

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Dime Line Trading

Quantitative Trader

Chicago, IL · On-site

We are seeking a Quantitative Trader to join our Chicago office. This role focuses on leading ... Collaborate with traders and developers to improve execution quality, automation, and system ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

Strong programming skills, Python, Java or C++ preferred * Proven success in quantitative modelling and algorithm development * You have experience with options pricing #LI-DNP The Base Salary range ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL

$170K - $300K/yr

This Quantitative Researcher will be working directly with our international and domestic ETF ... Reverse engineer how the rest of the world behaves in different market environments. * Develop ...

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Quantitative Developer information

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$97.9K

$169.6K

$259.3K

How much do quantitative developer jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative developer in Naperville, IL is $169,577.00, according to ZipRecruiter salary data. Most workers in this role earn between $134,400.00 and $198,800.00 per year, depending on experience, location, and employer.

What Is a Quantitative Developer?

A quantitative developer is a computer programmer and software engineer who writes code and develops trading infrastructure for investment banks. As a quantitative developer, your job duties include creating and testing financial models and forecasts, validating and documenting the performance of financial models, analyzing performance results, and reporting on the data to traders, financial engineers, and IT support. You need a strong background in scientific computing, an understanding of financial markets, and good communication skills to be an effective quantitative developer.

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

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 are Quantitative Developers?

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 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.

More about Quantitative Developer jobs
What are popular job titles related to Quantitative Developer jobs in Naperville, IL? For Quantitative Developer jobs in Naperville, IL, the most frequently searched job titles are:
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What cities near Naperville, IL are hiring for Quantitative Developer jobs? Cities near Naperville, IL with the most Quantitative Developer job openings:
Quantitative Developer jobs near you
Quant

Quant

3Red Partners

Chicago, IL

$150K - $250K/yr

Full-time

Medical, Retirement

Posted 23 days ago

Job description

3Red Partners LLC, a proprietary trading firm headquartered in Chicago, is seeking a Quant to join the team. 3Red Partners is committed to leveraging technology and math to implement competitive trading strategies. Our team has extensive, global experience in a wide variety of asset classes, risk management, and leading trading technologies. We focus our efforts on hiring extremely talented and motivated individuals to collaborate with each other and compete in the world's financial markets.
The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is searching for an opportunity to make a real impact, deliver value, and work within an experienced team.
Your impact:

  • Work with the team to optimize the current strategy components and identify new trading opportunities
  • Research and test alphas to improve existing tools and identify methods to increase trading efficiency
  • Focus on enhancing the production trading system and rewriting existing trades and signals
Your skills:
  • A Bachelor's, Master's, or PhD degree with an emphasis in Computer Science or a STEM related field (e.g. Mathematics, Statistics, Physics, Data Science, etc.) with more than 2 years of relevant work experience
  • Experience with Python, C++, and machine learning tools
  • Ability to understanding the optimization and profiling of trading systems with proven success of developing models in a low latency trading environment
  • Strong multi-tasking skills, including the ability to prioritize and work on multiple projects at one time

Our perks:
3Red offers a competitive compensation and benefits package. In addition to a base salary, we offer performance-based bonuses, reflecting our commitment to rewarding excellence. We also provide comprehensive health benefits, a 401k plan, commuter and wellness reimbursements, as well as several learning and development perks. Our casual dress code, weekly lunches, and team events foster a welcoming and collaborative workplace culture. At our Chicago headquarters, we enhance the workday with fully stocked pantries offering snacks and drinks, a Zen Room for relaxation, and an environment designed to support productivity and well-being.
The expected salary range for this position is $150,000 to $250,000, depending on qualifications, experience, and skills.

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