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Quantitative Performance Analyst Jobs in Illinois

Bank of America

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

This includes attracting and developing exceptional talent, recognizing and rewarding performance ... Join us! This job is responsible for conducting quantitative analytics and complex modeling ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$170K - $300K/yr

Explore trading ideas by analyzing market data and market microstructure for patterns ... Proven trustworthiness and performance under the highest ethical standards. Benefits and Perks

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

It is both foundational and constantly evolving, with extremely high expectations for performance ... Familiarity with numerical analysis (stability, convergence, error propagation) is a plus The Base ...

IMC

Quantitative Developer - Python

Chicago, IL

Contribute to strategy optimization, balancing expected performance with real-world constraints ... Strong production experience in Python, including data analysis workflows (pandas, polars, or ...

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Quantitative Performance Analyst information

What is the difference between Quantitative Performance Analyst vs Data Analyst?

AspectQuantitative Performance AnalystData Analyst
Required CredentialsBachelor's in Finance, Economics, or related field; proficiency in statistical toolsBachelor's in Data Science, Statistics, or related field; strong analytical skills
Work EnvironmentFinancial firms, investment banks, hedge fundsVarious industries including marketing, healthcare, tech
Employer & Industry UsageUsed in finance to evaluate investment performance and riskUsed across industries to interpret data and generate reports

The main difference is that Quantitative Performance Analysts focus on analyzing financial data to assess investment performance and risk, often within finance firms. Data Analysts have a broader role across industries, interpreting data to support decision-making. Both roles require strong analytical skills and familiarity with statistical tools, but their specific focus and industry applications differ.

What cities in Illinois are hiring for Quantitative Performance Analyst jobs?

Cities in Illinois with the most Quantitative Performance Analyst job openings:

Infographic showing various Quantitative Performance Analyst job openings in Illinois as of August 2026, with employment types broken down into 83% Full Time, 15% Part Time, and 2% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution.

Quantitative Model Analyst 2

Chicago, IL

US Bank
Banking and Credit Intermediation • 10K+ employees
Learn more about US Bankexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

U.S. Bank rating

8.1

Company rating: 8.1 out of 10

Based on 364 frontline employees who took The Breakroom Quiz

Job description

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Job Description

NOTE: This position is not eligible for current or future visa sponsorship.

This position will report to the Enterprise Financial Crimes Compliance Financial Intelligence Unit Monitoring Management & Development team. The candidate will develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within U.S. Bank customer accounts.

The candidate will both take ownership of existing models and support the development of new models designed to identify anomalous transaction activity by Bank customers that is indicative of potential illicit activity. The candidate will receive direction from their manager and other senior analysts, while also working independently on their designated subject matter.

Key responsibilities include creating/developing models, creating/reviewing model documentation, conducting periodic performance assessments, tuning/calibration and ensuring models meet regulatory expectations and internal risk standards.

The position also requires clear communication of model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams. The candidate must have excellent communication skills and be able to tailor communications to multiple target audience with the appropriate level of technical detail for each.

Common deliverables include:

Model development artifacts

Model performance assessments

Documentation of model implementation and monitoring procedures

Business requirements for model integration

Ongoing monitoring reports and related code

Presentations and written summaries for internal and regulatory audiences

Basic Qualifications
- Bachelor's degree in a quantitative field, and three or more years of relevant experience
OR
- MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

Experience with internally developed and/or vendor-provided models for transaction monitoring or financial crime detection

Advanced knowledge of statistical modeling techniques and validation methodologies

Strong programming skills in SAS, Python, SQL, or similar

Understanding of AML regulations

Ability to interpret and communicate complex model behavior to non-technical stakeholders

Strong organizational, analytical, and project management skills

Demonstrated ability to work independently and collaboratively across teams

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

NOTE: This position is not eligible for current or future visa sponsorship.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • Healthcare (medical, dental, vision)

  • Basic term and optional term life insurance

  • Short-term and long-term disability

  • Pregnancy disability and parental leave

  • 401(k) and employer-funded retirement plan

  • Paid vacation (from two to five weeks depending on salary grade and tenure)

  • Up to 11 paid holiday opportunities

  • Adoption assistance

  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,345.00 - $115,700.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

What U.S. Bank employees say

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Benefits

Hours and flexibility

Workplace

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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

Social media

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