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.
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 to join this research initiative building models that upscale the future of our technology platform.
The ideal candidate has direct experience in the quantitative research process and understands the workflow from idea generation to implementation. This position is accountable for making a significant impact on the direction and productivity of a newly formed team within the firm.
What you'll do
Innovate on quant concepts and ideas, including model development
Machine learning and conduct data analysis
Replay and improve existing trading strategies using data and algorithms to drive the trading decisions
Develop a multi-asset allocation model to deploy capital
Apply machine learning techniques to understand market movements
Work with undergraduate and graduate programs on special projects
Take on projects to support market-making efforts
Research and generate ideas for modeling methods to capture market patterns
Conduct financial data analysis on large datasets to generate profitable trading alphas
Contribute to in-house data analysis packages and research framework development
Acquisition of new data sets and cleaning/maintenance of new and existing data sets
What you'll need
PHD or Master’s level degree required
1-5 year(s) applicable professional experience in quantitative fields such as analyzing large statistical data sets, or machine learning, AI, or other related quantitative fields
Coding skills in Python
Demonstrated experience analyzing large statistical data set
Passionate about technology/software testing
Strong problem-solving skills
Works effectively and collaboratively in a team environment
Self-starter who can get things done with minimal direction
Excellent written and oral communication skills
The base compensation range for the Quantitative Researcher opportunity is $150-250k annually based on experience. This position is also bonus eligible.
Hybrid Work Structure
This position will be based in New York or Chicago with the option to work in a hybrid structure with a minimum of two days in the office.
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.
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.
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 firstname.lastname@example.org.