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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.
Belvedere is searching for a Senior Quantitative Researcher to join our Trade Automation team. This team builds algorithmic solutions that enhance pricing, risk management, and execution efficiency across our trading desks. By automating responses to market conditions and optimizing positional risk, the team drives scalable, data-driven trading performance.
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 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.
What you'll do
- Research, design, and enhance quantitative models that support options pricing, risk analytics, and P&L decomposition within automated trading systems.
- Innovate on quantitative concepts and trading ideas that contribute to scalable, high-impact strategies across the firm’s technology trading platform.
- Collaborate with developers and trading teams to translate research prototypes into robust, production-ready models and algorithms.
- Conduct rigorous analysis of large, complex financial datasets to uncover insights, validate hypotheses, and refine model performance.
- Partner with technology teams throughout the model development and deployment lifecycle to ensure alignment, quality, and system scalability.
- Plan and execute rollout of new or updated models, coordinating with trading and tech stakeholders to ensure smooth integration and minimal disruption.
- Monitor live model performance, usage, and business impact — proactively identifying issues, data drift, or deviations in expected trading behavior.
- Own the long-term health of deployed models through calibration, retraining, and continuous optimization to sustain accuracy and profitability.
- Define and track model performance metrics, communicating key findings and recommendations to traders, quants, and firm leadership.
- Act as a senior contributor within the research team, mentoring peers, sharing best practices, and driving the evolution of the firm’s quantitative research framework.
What you'll need
- Advanced degree (Master’s or PhD) in a quantitative field such as Mathematics, Statistics, Physics, Computer Science, Financial Engineering, or a related discipline.
- 5+ years of hands-on experience in quantitative research, modeling, or strategy development within a trading or financial technology environment.
- Strong proficiency in Python or C++ for model research, prototyping, and production implementation; experience with version control and collaborative development workflows.
- Proven ability to design, implement, and maintain production-quality models, with accountability for ongoing performance and calibration.
- Experience working with large datasets and building efficient data pipelines or analytical workflows.
- Demonstrated ability to analyze model outputs and communicate results clearly to both technical and non-technical stakeholders. Strong collaboration skills with developers, traders, and other researchers in a fast-paced, iterative environment.
- Intellectual curiosity, problem-solving ability, and a pragmatic approach to research that balances innovation with production impact.
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
Belvedere Trading Chicago, Illinois, USA Office
We are located in the Chicago Loop right next to Ogilvie and Union Train Station for easy access to all of Chicago's favorite neighborhoods. Our office is right on the Chicago River with great lunch places to eat and dining alfresco in the summer.
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
