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Seasonal Quantitative Risk Modeler Jobs in Chicago, IL

Akuna Capital

Junior Quantitative Risk Analyst

Chicago, IL · On-site

$90K/yr

... models. Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened ... What you'll do as a Junior Quantitative Risk Analyst at Akuna: We are looking for a motivated and ...

Akuna Capital

Junior Quantitative Risk Analyst

Chicago, IL · On-site

$90K/yr

... models. Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened ... What you'll do as a Junior Quantitative Risk Analyst at Akuna: We are looking for a motivated and ...

GCM Grosvenor

Investments Risk, Principal

Chicago, IL · Hybrid

Build and maintain quantitative risk models and analytics used to evaluate hedge fund investments - including factor and alpha decomposition, stress testing, and scenario analysis - working with ...

GCM Grosvenor

Investments Risk, Principal

Chicago, IL · On-site

$175K - $215K/yr

Build and maintain quantitative risk models and analytics used to evaluate hedge fund investments - including factor and alpha decomposition, stress testing, and scenario analysis - working with ...

Cedar Cares, Inc

Chief Risk Officer

Chicago, IL · On-site

$259.25 - $320.25/hr

Develop the quantitative risk methodology and requirements for the Clearinghouse margin model, stress testing, and default management as new products are launched. * Enhance model and financial ...

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All JobsQuantitative Risk Modeler JobsSeasonal Quantitative Risk Modeler JobsSeasonal Quantitative Risk Modeler Jobs in Chicago, IL

Seasonal Quantitative Risk Modeler information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do seasonal quantitative risk modeler jobs pay per year?

As of Aug 27, 2026, the average yearly pay for seasonal quantitative risk modeler 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 the difference between Seasonal Quantitative Risk Modeler vs Quantitative Risk Analyst?

AspectSeasonal Quantitative Risk ModelerQuantitative Risk Analyst
CredentialsBachelor's or Master’s in Finance, Mathematics, or related field; certifications like FRM or CFA often preferredBachelor's or Master’s in Finance, Mathematics, or related field; certifications like FRM or CFA often preferred
Work EnvironmentFinancial institutions, risk management teams, often seasonal or project-basedFinancial firms, investment banks, risk departments, with ongoing risk analysis duties
Employer & Industry UsageUsed in banking, insurance, asset management for seasonal risk assessmentCommon in banking, hedge funds, and asset management for continuous risk monitoring

The Seasonal Quantitative Risk Modeler focuses on developing models to assess risks during specific seasons or periods, often working on short-term projects. In contrast, the Quantitative Risk Analyst performs ongoing risk analysis and monitoring across various timeframes. Both roles require similar credentials but differ mainly in scope and seasonal focus.

What are the most commonly searched types of Quantitative Risk Modeler jobs in Chicago, IL?

The most popular types of Quantitative Risk Modeler jobs in Chicago, IL are:

Seasonal Quantitative Risk Modeler jobs near you

Quantitative Risk Developer / Analyst

Chicago, IL • On-site

Geneva Trading
See more jobs at Geneva Tradingexternal

$85K - $175K/yr

Full-time

Posted 5 days ago

Job description

Founded in 1999, Geneva Trading is a premier global principal trading firm with strategically located offices in Chicago, Dublin, and London. Our relentless focus on trading excellence combined with technological innovation has equipped us with a best-in-class proprietary trading platform, enabling us to compete at the highest levels in the global markets. Rooted in a culture of integrity, collaboration, and an unwavering passion for progress, we foster an environment of personal and professional excellence. Our nimble organizational structure and entrepreneurial spirit attract top-tier talent with a passion for innovation, laying the foundation and driving our consistent success in the industry.
About the Role:
We are seeking a high-quality Quantitative Risk Developer / Analyst to join our proprietary trading firm. We welcome applications from both exceptional junior candidates looking to accelerate their careers and seasoned senior professionals. This uniquely hybrid role balances building robust quantitative risk models with providing critical first-line support for live trading activity, with a strong focus on futures markets. The ideal candidate is a hands-on builder and a calm problem-solver who thrives at the intersection of quantitative development, risk architecture, real-time market dynamics, and applied artificial intelligence.
Key Responsibilities:
  • Quantitative Development: Design, develop, and maintain quantitative risk models, pricing libraries, and margin replication tools for futures markets.
  • AI & Machine Learning Integration: Explore, prototype, and implement AI-driven techniques to enhance predictive risk modeling, anomaly detection, and automated trading surveillance.
  • Live Trading Oversight: Provide real-time, first-line support and monitoring of live trading activity, rapidly identifying and escalating risk exposures, breaches, or system anomalies.
  • Tooling & Architecture: Build, optimize, and scale real-time risk monitoring tools, dashboards, and automated alerting systems.
  • Market Analysis: Interpret complex trading behavior and market movements to assess potential risk implications and continuously refine model parameters.
  • Collaboration & Leadership: Partner closely with traders, operations, and core engineering teams to align risk systems with trading strategies. (Senior candidates will also be expected to mentor junior team members and guide risk-tech architecture decisions).
  • Incident Response: Lead post-trade reviews, risk incident analysis, and implement systemic fixes to prevent recurring issues.

What We're Looking For:
  • Industry Experience: Open to all levels. Ranging from 1-2+ years of high-impact experience for junior candidates to 5+ years for senior applicants in a quantitative development, risk modeling, or trading systems role.
  • Quantitative & Modeling Expertise: Experience (or strong academic/project background for juniors) building and deploying quantitative risk models (e.g., VaR, stress testing, scenario analysis).
  • AI Experience & Passion: Practical experience with machine learning, data science, or AI modeling techniques, coupled with a strong enthusiasm for expanding your AI expertise and applying it to complex risk challenges.
  • Technical Skills: Proficiency in Python and/or C++, with a solid grasp of software engineering best practices, data structures, and database management (SQL/NoSQL).
  • Market Knowledge: Practical understanding of futures markets, exchange mechanics, and trading lifecycles.
  • Calm Under Pressure: Exceptional ability to remain composed, troubleshoot systems, and make sound judgments in a fast-moving, high-stakes live trading environment.
  • Communication: Excellent ability to translate complex quantitative concepts and risk concerns into actionable insights for both technical and non-technical stakeholders.
  • Flexibility: Willingness to provide coverage during Asian market hours, including early mornings or overnight shifts, as dictated by live trading support needs.

Preferred Qualifications:
  • Advanced degree (Master's or Ph.D.) in a quantitative field such as Financial Engineering, Mathematics, Physics, Computer Science, or equivalent.
  • Familiarity with exchange margin methodologies (e.g., SPAN, SPAN 2).
  • Experience working in a 24/5 or global trading infrastructure.

Compensation
Base Salary Range: $85,000 - $175,000, plus eligibility for a performance-based bonus.
Final compensation will be determined based on the candidate's skills, experience, education, and qualifications. In addition to base salary, Geneva Trading offers a competitive total rewards package, including a comprehensive benefits program. Learn more about our employee incentives here: https://www.genevatrading.com/employee-incentives/
Application expected to close: 10/01/2026
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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