Quantitative Researcher

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago, with a satellite office in Boulder, Colorado. Our teams work hard to provide liquidity to the market through their market-making activities by combining their deep expertise in commodities, interest rates, exchange-traded funds (ETFs), and equity index options with a cutting-edge technological system. Our trading models and software systems are continually developed, optimized, and upgraded in order to stay competitive in an ever-changing market. We work closely with our technology team to continuously and iteratively improve our proprietary 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 are looking for passionate team members whose contributions will be critical to our continued success.
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

• 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

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 ValuesThe secret to our award-winning culture is our Core Values: Team Belvedere, Me in Team, Own It, Iterative Innovation, and Passionate Discourse. We embody these values every day. Our StanceBelvedere 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.
Hybrid Work StructureThis position will be based in either Chicago, Illinois or Boulder, Colorado, with the option to work in a hybrid structure with a minimum of three days in the office.