Belvedere Trading

Quantitative Researcher

Reposted 9 Days Ago

Easy Apply

Chicago, IL

Hybrid

140K-240K Annually

Mid level

Fintech • Information Technology • Other • Software • Financial Services

At Belvedere, we cultivate the best of trading by creating cutting-edge technology and forging unique paths in culture.

The Role

Quantitative Researchers develop models for financial markets using statistical techniques, analyze datasets, and collaborate with engineering teams to implement strategies.

Summary Generated by Built In

Belvedere Trading is a leading proprietary trading firm. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry.

Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry.

Our Quantitative Researchers are at the core of building a fully autonomous trading platform. They explore the structure and dynamics of global financial markets, leveraging data, automation, and mathematical modeling to uncover actionable insights. As part of a highly collaborative team, you’ll help build the systems and models that drive our algorithmic trading decisions. If you thrive in a fast-paced environment and are passionate about solving complex problems, we’d love to hear from you.

What you'll do

Conduct research and develop quantitative models for financial markets using advanced statistical and mathematical techniques
Embrace the uncertainty persistent in the marketplace to balance the risk-reward in each individual trade
Leverage concepts from control theory and feedback loops to enhance adaptive trading strategies
Analyze large datasets to uncover hidden patterns and inefficiencies in the market
Build and refine tools (e.g., in Python and Jupyter) to test, validate, and monitor your research and strategies
Work closely with engineers to implement models in a live trading environment
Continuously monitor and improve existing models based on market dynamics
Generate ideas for quantitative strategies related to market effects, market microstructure, and other subtle marketplace changes
Work closely with senior industry leaders as part of a small and focused team

What you'll need

2+ years of applicable corporate experience
Bachelor’s or Master’s degree in a quantitative discipline such as Applied Mathematics, Physics, Computer Science, Engineering, or Statistics
Strong problem-solving skills, especially in uncertain or incomplete-data environments
Solid programming ability in Python, especially for algorithmic development and data analysis
Interest in or exposure to control theory, feedback loops, or dynamical systems
A curious, analytical mindset with the ability to reason through complex systems and iterate quickly
Team-oriented attitude and excitement to work in a collaborative, fast-paced research environment
Exposure to reinforcement learning, Bayesian methods, or stochastic processes is a plus
Availability to work in a hybrid structure out of our Chicago or Boulder offices

How We Operate - Core Values

Team Belvedere: Work seamlessly with others to achieve shared goals. Foster a positive and supportive environment that brings out the best in your teammates.

Me in Team: Focus on competing and succeeding at the highest level, constantly striving for excellence.

Own It: Actively address challenges and make decisions that drive positive results, taking ownership of both successes and failures.

Build Rockets: Bring forward bold, creative ideas and solutions. Be open to experimentation and willing to take calculated risks.

Passionate Discourse: Encourage and bring innovative, out-of-the-box ideas to discussions, actively contributing to team growth and progress.

Women and underrepresented groups frequently apply for jobs only if they meet 100% of the qualifications.

We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.

Our Stance

Belvedere is an Equal Opportunity Employer committed to a non-discriminatory workplace. We promote diversity and equal opportunity for all employees and applicants, fostering an inclusive environment where all team members are treated with respect, dignity, and courtesy. We value a dynamic culture where diverse backgrounds, experiences, and perspectives thrive.

Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion

Physical: Ability to remain at a desk and concentrate for long periods of time

Amount of Travel Required: None

Top Skills

Jupyter

Python

What the Team is Saying

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The Company

HQ: Chicago, IL

265 Employees

Year Founded: 2002

What We Do

In March of 2002, Belvedere Trading emerged as Chicago’s newest market maker, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we have iteratively invested in our proprietary technology and made a commitment to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Building and nurturing a strong culture is one of Belvedere’s highest priorities, and we are always looking for the best and brightest talent to help us in our continued success.

Why Work With Us

At Belvedere, our differences are what allow us to compete and succeed at the highest level. Our Culture Committee and Women’s Initiative elevate the voices of our teammates to further promote an inclusive workplace. It is our priority to foster a sense of community and belonging for each team member while supporting individual development.