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IMC Trading
IMC is a proprietary trading firm and market maker in various products listed on exchanges globally.
Chicago, IL
Hybrid
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Data + Analytics//Analytics//Analysis & Reporting//

Quantitative Researcher - Fixed Income (Chicago, IL)

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LIFE AT IMC AS A QUANTITATIVE RESEARCHER - FIXED INCOME

WHO WE ARE AND WHAT WE DO

IMC is a leading global market maker, using algorithmic trading and advanced technology to buy and sell securities on multiple trading venues worldwide. We provide liquidity to the financial markets, driving efficiencies for buyers and sellers.

Founded in 1989, we are an ambitious, innovative company and identified early on the importance technology would play in the fast-paced evolution of trading. This entrepreneurial spirit still drives us today and can be found in all of our offices around the world.

OUR TEAM

We now operate globally from offices in Europe, the US and Asia Pacific. Our employees work closely together in multidisciplinary teams, making our success possible.

Technology - At IMC, technology is not a department, it is at the heart of everything we do. Our technologists push the limits of possibility, and then look beyond. In our fast-paced environment, short feedback loops mean projects worked on in the morning can enter production the next day.

Trading – Although our traders come from many backgrounds they all have one thing in common: they are at their best solving complex problems. Their insight into global events, market shifts and pricing ensure we are trading in the right place, at the right time.

Business Support - Around the world, IMC’s business support teams are essential for sustaining our success. In our dynamic environment, we have many exciting challenges and multidisciplinary opportunities to shape our operations and make a real impact.

OUR CULTURE

Our employees are our greatest asset so we give them lots of responsibility and the support they need to make a difference. Our flat structure fosters a culture of openness and collaboration, encouraging the sharing of ideas and knowledge. It makes no difference if you have been with us for three days or three years, the best idea wins.

While we work hard, we also have a lot of fun; whether solving complex challenges or in team building, leisure and sporting activities. IMC also enables its employees to contribute towards a better society through our foundation.

IMC is looking for Fixed Income quantitative researchers to develop trading strategies and pricing models across the US Interest Rate Curve. Candidates will join an effort of combining IMC’s market making and execution expertise with modeling of US Government Bonds and yield curve valuation. Candidates will be responsible for developing Bond pricing and risk models that will then be integrated with our current futures, options and ETF strategies. 

Once on board, candidates will join a growing team that will be essential to all aspects of IMC’s trading. They will contribute not only to modeling of pricing and risk but also work with developers in design and implementation of a robust framework that allows for new ideas to be researched, tested, and put into production in a timely manner. 

Key Responsibilities

  • Understand the current suite of models and algorithms with the aim to integrate new Fixed Income specific functionality and risk types.
  • Combine knowledge of systems, mathematical techniques and trading to identify the best places to improve our trading system
  • Rapidly research, test, and prototype new algorithmic ideas, preferably with Python.
  • See through the high quality implementation of ideas to full-scale production trading.

Skill and Experience Requirements

  • 2+ years experience as a quantitative researcher with specific experience in pricing of US Government Bonds or Treasury Bond basis.
  • Familiarity with STIR products and Corporate Fixed Income products.
  • Relevant tertiary qualifications (graduate or post graduate), with strong academic results, preference in mathematics, science, financial engineering or computer science.
  • Strong programming skills, Python, Java or C++ preferred
  • Proven success in quantitative modelling and algorithm development

OUR HIRING PROCESS

To set you up for success, you can find our hiring process including tips on applying and interviewing with us on our website. Now it’s up to you! Apply today to start an amazing journey with IMC.

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Burke Moser
Floor Trader
PAYING DIVIDENDS
Tackle the markets without feeling adrift
“Baptism by fire.” That’s how Moser recalls his experience live-trading at the Chicago Board Options Exchange after joining the firm as its inaugural graduate broker. But, thanks to the mentorship and guidance of seasoned colleagues, as well as the org’s formal training programs, the fintech newcomer ultimately found his footing in the field. “The knowledge I have gained today seemed unfathomable two years ago,” Moser said.
“Baptism by fire.” That’s how Moser recalls his experience live-trading at the Chicago Board Options Exchange after joining the firm as its inaugural graduate broker. But, thanks to the mentorship and guidance of seasoned colleagues, as well as the org’s formal training programs, the fintech newcomer ultimately found his footing in the field. “The knowledge I have gained today seemed unfathomable two years ago,” Moser said.
Since day one, IMC has given me the tools to succeed and supported me the whole way, allowing for maximum growth as a person, not just a trader.
Margaret Li
Software Engineer
REFINE THE TOOLS
Push fintech forward with your tech skills
For IMC, success hinges on speed. As a member of the execution team, Li sharpens software by shipping new code, troubleshooting and adding new features. With market interactions occurring quickly — “fractions of seconds," per Li — her team moves swiftly to see the impact of their efforts in the field. "We're the end user of our own technology, so we have a quick feedback loop that enables us to iterate much faster," she said.
For IMC, success hinges on speed. As a member of the execution team, Li sharpens software by shipping new code, troubleshooting and adding new features. With market interactions occurring quickly — “fractions of seconds," per Li — her team moves swiftly to see the impact of their efforts in the field. "We're the end user of our own technology, so we have a quick feedback loop that enables us to iterate much faster," she said.
If I ship code today, I can expect it to enter production the next day and can even get some analysis from traders on the technological and monetary impact it has made.
Ian Van Stralen
Hardware Engineer
CULTURE OF SUCCESS
Advance the org alongside talented colleagues
By working to continually improve the firm’s hardware, Van Stralen helps reduce latency where speed matters most. But his hyper-focused mission doesn’t come at the expense of bonding, crediting game nights, happy hours and other activities as establishing the team camaraderie that buoys success. “Getting along helps build strong teams,” he said. “Strong teams facilitate an openness that helps build a strong culture.”
By working to continually improve the firm’s hardware, Van Stralen helps reduce latency where speed matters most. But his hyper-focused mission doesn’t come at the expense of bonding, crediting game nights, happy hours and other activities as establishing the team camaraderie that buoys success. “Getting along helps build strong teams,” he said. “Strong teams facilitate an openness that helps build a strong culture.”
Good ideas can come from anywhere. Everyone at IMC works to remove barriers that could prevent innovation.

What are IMC Trading Perks + Benefits

IMC Trading Benefits Overview

At IMC we believe in taking care of our people. But don’t just take our word for it, here’s a taste of the perks you can expect when you work at IMC Chicago:

GO GLOBAL: With IMC, your success can take you around the world — or at the very least to our offices in Amsterdam and Sydney.

FOOD'S ON US: We’ve got your weekday breakfast, lunch and snacks covered! Choose from a variety of different restaurants daily – your meal is delivered right to the office.

PLAN AHEAD: We’ll match your 401K contributions dollar-for-dollar, up to 4% of your base salary.

TRANSPORTATION: Commuting is a part of life in Chicago, so we cover up to $130 per month toward parking, public transportation or a bike-share membership.

GET COVERED: Your well-being is our priority. We offer fully paid medical, dental, and vision insurance as well as STD, Life, and LTD. Additionally, our parental leave policy offers 16 weeks of paid primary caregiver leaver and 15 days of paid parental leave for non-primary caregivers.

GIVE BACK: The IMC Foundation supports non-profits around the world, as well as the causes that matter to you. We’ll match your donations and support your community service.

SWEAT IT OUT: We’ll reimburse you for gym or fitness studio memberships, workout apps, and race registrations so you can stay active in ways that motivate you. In the event you overdo it, take advantage of our free, 20-minute on-site massages.

SPECIAL EVENTS: At IMC we celebrate with events such as concerts, a summer family BBQ,  Cubs games, our annual holiday party, sports teams, and cross-team dinners…just to name a few! We also come together for our annual Weekend Away – a trip where you and your colleagues can hang out at a suprise location!

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
IMC has committees and groups such as the Sustainability Committee, DEI Council, Book Club, Gaming Club and more.
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Documented equal pay policy
Highly diverse management team
Unconscious bias training
Diversity manifesto
Mean gender pay gap below 10%
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
IMC offers pet insurance and emergency pet care. Unfortunately, we do not allow pets onsite due to the WIllis Tower building restrictions.
Wellness Programs
Team workouts
IMC's team fitness initiatives include sponsored race teams as well as virtual fitness sessions including Barre, Yoga, HIIT, Meditation and more!
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Restricted work hours
IMC employees are encouraged to communicate with their managers and re-prioritize tasks/projects to avoid working outside business hours.
Return-to-work program post parental leave
Company sponsored family events
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
IMC hosts a company weekend trip each year.
Free Daily Meals
We provide free breakfast, lunch and snacks every day. We also have our own in-office barista!
Game Room
IMC's game room includes ping pong, a pool table, Foosball and gaming consoles. Employees are encouraged to use this room when they need a break!
Stocked Kitchen
Some Meals Provided
Happy Hours
Parking
Pet Friendly
IMC offers pet insurance and pet care, however pets are unfortunately not allowed in the Willis Tower.
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Home Office Stipend for Remote Employees
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Depended on individual needs.
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Depended on individual needs.
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications
Depended on individual needs.
View full list of perks + benefits
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