Quantitative Researcher

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to 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. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. This wouldn’t be possible without the dedicated efforts of our technology teams who utilize and perfect our innovative technology solutions. 

High-performance proprietary development is the source of our success and competitive advantage at Belvedere, further fueling our passion for performance. 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. We place a high premium on defining, developing, and deploying high-performance trading software using a team-based, holistic development approach. We look for passionate team members that excel and their contribution is critical to our continued success. 

Our quantitative team, working with both tech and trading, are charged with developing scalable algorithms and translating trading models into our extensible systems. We are looking for highly skilled and experienced individuals, who are also passionate team members, to join this research initiative building models and trading strategies that upscale the future of our technology trading platform. 

The ideal candidate has direct experience in the quantitative research process, understands the workflow from idea generation to implementation, understands and can communicate the expected result in terms of trading behaviors. This position is accountable for making a significant impact on the direction and productivity of a high impact team with direct exposure to firm leadership.

• Innovate on quant concepts and ideas 
• Research, generate and improve option modelling to cover pricing, risk analysis and pnl breakdown etc
• Conduct financial data analysis on large datasets to generate profitable trading strategies
• Build performance metrics to measure key quant strategy/model performance
• Iterate ideas/thoughts with traders, developers, quants with good communication

• Coding skills in Python and C  
• Strong problem-solving skills 
• Demonstrated experience in option modeling and analyzing statistical data set 
• Works effectively and collaboratively in a team environment 
• Self-starter who can get things done with minimal direction
• Being able to think of quant/math problems in terms of trading behavior
• 2 years experience in Quant/Trading business

In addition, depending on the scope of your role and responsibilities, your continued employment may be contingent upon the successful completion of compliance-related certifications during the onboarding process or throughout your tenure with Team Belvedere.

Women and underrepresented groups frequently apply to 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.

Core Values

The secret to our award-winning culture is our Core Values: Team Belvedere, Me In Team, Own It, Iterative Innovation, and Passionate Discourse. We live and breathe these values every day.

Our Stance

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.

Any questions regarding the virtual recruiting process, please reach out to recruiting@belvederetrading.com.

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

Amount of Travel Required: None

Sponsorship: Available for this position