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Quantitative Modeling Jobs in Chicago, IL (NOW HIRING)

Scalp Trade LLC

Senior Quantitative Developer

Chicago, IL · On-site

$180K - $225K/yr

Working closely with traders and quantitative researchers, the candidate will transform theoretical pricing models into practical, production-ready implementations, making sound engineering decisions ...

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

Build and maintain quantitative models to support pricing, underwriting, forecasting, and business decision-making. * Support the Head of Underwriting in: * The management of the Corgi insurance ...

U.S. Bank

Quantitative Model Analyst 2

Chicago, IL · On-site

... in a quantitative field, and three or more years of relevant experience OR - MA/MS in a ... modeling techniques and validation methodologies • Strong programming skills in SAS, Python, SQL ...

US Bank

Quantitative Model Analyst 2

Chicago, IL

... in a quantitative field, and three or more years of relevant experience OR - MA/MS in a ... statistical modeling techniques and validation methodologies Strong programming skills in SAS ...

US Bank

Quantitative Modeler Manager - AML

Chicago, IL · On-site

$56.50 - $73.25/hr

Defending modeling approaches/methodologies/design decisions to both internal and external ... Basic Qualificati ons - Bachelor's degree in a quantitative field, and 10 or more years of relevant ...

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

Develop quantitative models describing market behavior. * Advance existing initiatives and explore opportunities for new research topics. Qualities that make great candidates: * Bachelors, masters ...

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Quantitative Modeling information

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How much do quantitative modeling jobs pay per year?

As of Aug 7, 2026, the average yearly pay for quantitative modeling in Chicago, IL is $174,978.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,700.00 and $205,200.00 per year, depending on experience, location, and employer.

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 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 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 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 August 2026, with employment types broken down into 86% Full Time, 11% Part Time, and 3% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $174,978 per year, or $84.1 per hour.

Quantitative Researcher (Fixed Income)

Old Mission

Chicago, IL

$175K - $250K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 20 days ago

Job description

About the Position

Old Mission Capital, a global quantitative proprietary trading firm, is currently hiring a talented Quantitative Researcher to join our growing Fixed Income operation. The ideal candidate will have experience trading fixed income assets, corporate bonds, and other debt instruments. This Quantitative Researcher will be familiar with building and improving the firm's risk and pricing models, as well as understanding the risks in trading these assets.

Responsibilities

  • Perform exploratory data analysis on various market datasets, including bond data, exchange quote data, and third-party pricing data, generate trading signals and evaluate how they might be applied.
  • Research and develop quantitative models to forecast bonds and commodities' various metrics, including price, bid-ask spread, liquidity, etc, prototype predictive models, and perform regressions and other machine learning analysis to validate, backtest, and improve quantitative models.
  • Contribute to the development and continuous assessment of trade execution.

Required Skills

  • Qualified candidates will have an advanced degree in a quantitative field (preferably a Ph.D. in engineering, statistics, mathematics or a hard science).
  • Candidates need to have exceptionally high mathematical and programming skills (must be proficient in Python, VBA, or R).
  • Strong quantitative, analytical, research-oriented and problem-solving skills.
  • Superior communication, both written and verbal, and has the ability to handle multiple tasks in a time-sensitive, fast-paced, collaborative, collegial environment.
  • Successful candidates will have a passion for the financial markets and will have an entrepreneurial mindset as the team is growing and this individual will be a value-added contributor who will have an immediate impact.
  • Demonstrated experience in US corporate bonds is required.
  • Qualified candidates will have previous experience in TCA, execution quality assessment, and execution algorithms with a focus on US Credit.
  • Must have experience with credit pricing, credit curve models, and RFQ-based trading is desirable.
  • Must have experience with Bayesian filtering/Hidden Markov Models is desirable.
  • Intra-day credit curve modeling is a plus.

Benefits and Perks

  • Fully paid Medical, Dental, Vision, Disability, and LIfe Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Paid Vacation, Sick, and Parental leaves
  • Commuter and Flexible Spending Program 

Base Salary Range 
$175,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus 
and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

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