Quantitative Researcher

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. 

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.

• 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

• 2 years of applicable corporate experience
• 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

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 

Salary : $140,000 - $240,000