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Quantitative Developer

A proprietary options trading firm headquartered in Chicago Board of Trade, delivering liquidity to options markets for over 25 years.
$116,200 - $145,250
Data
Mid-Level Software Engineer
Hybrid
501 - 1,000 Employees
2+ years of experience
Finance

Description For Quantitative Developer

PEAK6 Capital Management, a leading proprietary options trading firm based in the historic Chicago Board of Trade, is seeking a Quantitative Developer to join their innovative team. With over 25 years of industry experience, PEAK6 has established itself as a crucial player in providing market liquidity through a combination of financial expertise, risk management, and cutting-edge technology.

The role offers an exciting opportunity to work at the intersection of finance and technology, where you'll be developing and optimizing quantitative models for derivatives pricing and risk assessment. You'll collaborate directly with traders and software engineers, translating complex financial concepts into practical solutions. The position requires a strong background in both quantitative analysis and programming, with Python being the preferred language.

This is an ideal opportunity for someone with 2-3 years of experience in quantitative research or machine learning, who has a strong academic background in mathematics, statistics, or related fields. The role offers significant growth potential within a firm that values innovation and technical excellence. You'll be working in a hybrid environment, with the flexibility to work remotely up to two days per week.

The compensation package is highly competitive, ranging from $116,200 to $145,250 base salary, plus a discretionary annual bonus. PEAK6 offers comprehensive benefits including healthcare, 401k matching, parental leave, and educational support. The company maintains offices in prime locations - Chicago, NYC, and Austin - providing opportunities for professional growth in major financial centers.

The role combines the excitement of financial markets with the intellectual challenge of quantitative modeling, making it perfect for candidates who are passionate about both technology and finance. You'll be part of a team that's essential to maintaining market stability and efficiency, while working with cutting-edge technology and data-driven approaches.

Last updated 7 days ago

Responsibilities For Quantitative Developer

  • Interface directly with traders to understand use cases and model nuances
  • Work on end-to-end research initiatives to map trader intuition into quantitative models
  • Optimize and support existing models
  • Drive new ideas for leveraging market data
  • Work with software engineers to ensure reliable data delivery and translate research to production

Requirements For Quantitative Developer

Python
  • Experience working with Equity Derivatives
  • 2-3 years experience in quantitative research, machine learning, or similar roles
  • Programming experience, Python preferred
  • Bachelors, Masters or PhD in Mathematics, Statistics, Physics, Financial Engineering, or related field
  • Track record of applying modeling techniques to real-world problems
  • Ability to collaborate with subject matter experts
  • Experience implementing models from papers
  • Experience working with large, noisy, or incomplete data sets

Benefits For Quantitative Developer

Medical Insurance
Dental Insurance
Vision Insurance
Mental Health Assistance
401k
Parental Leave
Education Budget
  • Healthcare benefits (medical, dental and vision)
  • Employee Assistance Program (EAP)
  • Competitive PTO
  • 401k match
  • Parental leave
  • HSA contribution match
  • Calm app subscription
  • External learning and tuition reimbursement
  • Hybrid work (up to 2 days remote)
  • Annual discretionary bonus

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