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Senior Quantitative Developer Jobs in Chicago, IL

Scalp Trade LLC

Senior Quantitative Developer

Chicago, IL · On-site

$180K - $225K/yr

Position Overview We are seeking an experienced developer with a strong understanding of options theory and derivatives pricing who can translate quantitative research into production trading systems.

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will ... Experience in project or people management * Strong programming skills, Python, Java or C ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will ... Strong programming skills, Python, Java or C++ preferred * Proven success in quantitative modelling ...

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All JobsQuantitative Developer JobsSenior Quantitative Developer JobsSenior Quantitative Developer Jobs in Chicago, IL

Senior Quantitative Developer information

See Chicago, IL salary details

$144.2K

$177.4K

$200.7K

How much do senior quantitative developer jobs pay per year?

As of Aug 11, 2026, the average yearly pay for senior quantitative developer in Chicago, IL is $177,431.00, according to ZipRecruiter salary data. Most workers in this role earn between $164,227.00 and $190,914.00 per year, depending on experience, location, and employer.

How does a senior quantitative developer typically collaborate with quantitative researchers and traders?

A Senior Quantitative Developer works closely with quantitative researchers to translate their mathematical models into robust, production-ready code. They also partner with traders to understand their workflow needs and ensure that trading systems are reliable, efficient, and responsive to market conditions. Effective communication is key, as the developer must bridge the gap between research insights and operational trading platforms. This collaboration often involves iterative feedback, rapid prototyping, and ongoing support to adapt systems to new strategies or market data.

What is a senior quantitative developer?

A Senior Quantitative Developer is an experienced professional who combines advanced programming skills with deep knowledge of mathematical and statistical modeling to design, implement, and optimize complex financial algorithms and trading systems. They work closely with quantitative analysts and traders to translate mathematical models into efficient, production-ready code, often focusing on areas such as risk management, pricing, and market data analysis. In addition to strong coding abilities, typically in languages like C++, Python, or Java, they are expected to have expertise in financial markets, data structures, and performance optimization. Senior Quantitative Developers often mentor junior team members and contribute to the strategic direction of technology and model development within their firm.

What is the difference between Senior Quantitative Developer vs Quantitative Analyst?

AspectSenior Quantitative DeveloperQuantitative Analyst
Required CredentialsAdvanced degrees in math, finance, or computer science; programming skillsSimilar educational background; strong analytical skills
Work EnvironmentDevelops trading algorithms, implements models, collaborates with tech teamsPerforms data analysis, risk assessment, supports trading strategies
Employer & Industry UsageFinancial firms, hedge funds, investment banksAsset management firms, hedge funds, banks

The main difference is that Senior Quantitative Developers focus on building and implementing trading models and software, while Quantitative Analysts primarily analyze data and develop trading strategies. Both roles require strong quantitative skills, but the developer role emphasizes programming and system development, whereas analysts focus more on data analysis and research.

What are the key skills and qualifications needed to thrive as a senior quantitative developer?

To thrive as a Senior Quantitative Developer, you need a strong background in mathematics, statistics, computer science, and financial theory, typically supported by an advanced degree in a quantitative field. Proficiency in programming languages such as Python, C++, or Java, and experience using quantitative libraries, databases, and version control systems are essential, alongside knowledge of relevant industry tools like MATLAB or R. Strong problem-solving skills, attention to detail, and the ability to communicate complex concepts clearly are crucial soft skills for this role. These abilities enable effective development and implementation of quantitative models, ensuring robust financial analysis and supporting critical business decisions.
What are the most commonly searched types of Quantitative Developer jobs in Chicago, IL? The most popular types of Quantitative Developer jobs in Chicago, IL are:
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What cities near Chicago, IL are hiring for Senior Quantitative Developer jobs? Cities near Chicago, IL with the most Senior Quantitative Developer job openings:
Senior Quantitative Developer jobs near you
Infographic showing various Senior Quantitative Developer job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 49% In-person, and 51% Remote job distribution, with an average salary of $177,431 per year, or $85.3 per hour.

Senior Quantitative Developer

Scalp Trade LLC

Chicago, IL • On-site

$180K - $225K/yr

Full-time

Posted 11 days ago

Job description

Position Overview

We are seeking an experienced developer with a strong understanding of options theory and derivatives pricing who can translate quantitative research into production trading systems. The ideal candidate understands both the underlying theory and the engineering required to build reliable, low-latency software. Working closely with traders and quantitative researchers, the candidate will transform theoretical pricing models into practical, production-ready implementations, making sound engineering decisions where theory and real-world constraints diverge. This role provides significant ownership over the architecture, design, and implementation of the firm's core pricing technology.



Key Responsibilities

  • Design and implement real-time theoretical pricing models for options

  • Design and implement numerical methods that balance theoretical accuracy with production performance

  • Improve pricing accuracy, computational efficiency, and performance under high-throughput market conditions

  • Work with traders and quantitative researchers to implement and refine theoretical pricing models

  • Participate in architecture design decisions related to scalability, latency, resiliency, and data integrity

  • Collaborate with engineering and trading teams to define technical requirements and deliver production-quality software



Required Qualifications

  • Strong understanding of options pricing theory and derivatives markets

  • Experience implementing quantitative pricing models in production software

  • Strong background in numerical methods, optimization, and computational mathematics

  • Extensive experience developing production trading systems in C++

  • Experience working with APIs, multithreaded systems, and low-latency applications

  • Strong analytical and problem-solving skills with the ability to understand complex software systems and quantitative models

  • Ability to work independently in a fast-moving development environment

  • Ability to balance quantitative rigor with practical engineering constraints when implementing production trading systems