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Quantitative Modeling Jobs in Chicago, IL (NOW HIRING)

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

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 ...

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

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 ...

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 * Ensure the accuracy, completeness, and timeliness of datasets used in quantitative modeling.

Turing

Remote Quantitative Finance Analyst

Chicago, IL · Remote

$100 - $200/hr

You will apply your expertise in quantitative modeling, statistical analysis, algorithmic strategy development, and financial engineering to evaluate and train AI systems. If you enjoy solving ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

Salary Range $250,000-$300,000 USD About Us IMC is a research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure ... quantitative software development, preferably at a trading firm or systematic fund * Strong ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Design high-fidelity simulation and backtesting infrastructure that models latency, microstructure ... quantitative software development, preferably at a trading firm or systematic fund * Strong ...

IMC

Graduate Quantitative Researcher (PhD)

Chicago, IL · On-site

$250K/yr

As a Quantitative Researcher at IMC, your work will directly impact our global trading strategies ... Design mathematical models based upon trading ideas * Implement and deploy new models into ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

Quantitative Analyst, Northbrook, IL - The Quantitative Analyst will assist in the research, design, development, and optimization of proprietary in-house trading models. - Quantitative model ...

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All JobsQuantitative Modeling JobsQuantitative Modeling Jobs in Chicago, IL

Quantitative Modeling information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do quantitative modeling jobs pay per year?

As of Sep 9, 2026, the average yearly pay for 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 a quantitative modeling?

A Quantitative Modeling job involves using mathematical, statistical, and computational techniques to analyze data and construct models that help businesses make informed decisions. Professionals in this field work in finance, risk management, economics, and other industries to develop predictive models, optimize strategies, and assess uncertainties. They often use programming languages like Python, R, or MATLAB, along with machine learning and statistical methods, to solve complex problems.

What are typical daily tasks and projects for someone in a quantitative modeling role?

In a Quantitative Modeling position, your daily activities usually include analyzing large datasets, building and validating predictive models, and developing algorithms to solve business or financial problems. You might spend time coding, running simulations, and interpreting model outputs to inform strategy or risk assessment. Collaboration is common—you'll often work with data scientists, business analysts, or subject matter experts to refine models and ensure they're aligned with organizational goals. The work is intellectually stimulating and fast-paced, with opportunities to see your analytical insights directly impact decision-making.

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

To excel in Quantitative Modeling, a strong foundation in mathematics, statistics, and data analysis is essential, often complemented by a degree in a quantitative field such as mathematics, finance, engineering, or physics. Proficiency in programming languages like Python, R, MATLAB, or statistical software, as well as familiarity with data visualization tools and financial modeling certifications (such as CFA or FRM), is highly valued. Effective quantitative modelers possess strong problem-solving abilities, attention to detail, and the ability to communicate complex findings clearly to both technical and non-technical stakeholders. These skills enable accurate, data-driven decision-making and the creation of robust predictive models in business, finance, or technology sectors.

What does a quantitative modeler do?

A quantitative modeler develops mathematical and statistical models to analyze financial data, assess risk, and support decision-making. They use programming languages like Python or R and tools such as Excel or specialized software, often working in finance, investment, or risk management environments.

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 are popular job titles related to Quantitative Modeling jobs in Chicago, IL?

For Quantitative Modeling jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Quantitative Modeling jobs in Chicago, IL look for?

The top searched job categories for Quantitative Modeling jobs in Chicago, IL are:

Quantitative Modeling jobs near you
Infographic showing various Quantitative Modeling job openings in Chicago, IL as of September 2026, with employment types broken down into 1% Internship, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.

Quantitative Developer - Derivatives

Chicago, IL • On-site

IMC
See more jobs at IMCexternal

$175K - $250K/yr

Full-time

PTO

Re-posted 23 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 research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing force in markets since 1989, we provide liquidity across trading venues, delivering the best outcome in value and risk management to investors. Using our own technology and capital, we build proprietary systems and algorithms that operate across global markets. Our researchers, traders, and engineers work as a collective, combining rapid experimentation, advanced infrastructure, and real-time feedback to turn insight into execution and execution into advantage.

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