Junior Quantitative Developer

The Junior Quantitative Developer will work with a small team responsible for the development and maintenance of the suite of quantitative products on the SpiderRock platform. The role will translate mathematical and statistical models into functional code, focusing on areas like trading, risk management, and data analysis. This is a full-time salaried position in our Chicago office and will report to the Lead of Quantitative Engineering.

WHAT YOU WILL DO

• Develop and maintain code libraries for numerical computations, option pricing, volatility surface fitting, machine learning models, and other tools

• Collaborate with the team to troubleshoot issues, design solutions, and thoroughly test changes

• Write clear and precise internal and external documentation on existing and new products

WHAT SPIDERROCK IS LOOKING FOR

• PhD in a STEM discipline with demonstrated expertise in quantitative methods, modeling, or data analysis

• 2 years of experience in software development preferred (academic or professional)

• Experience in the financial markets a plus

• Experience with statistical modeling techniques, numerical methods, and machine learning models

• Ability to analyze, visualize, and make sense of complex data

• Proficient in one or more programming languages

• Strong problem solving, debugging, and analytical skills

• Understanding of financial markets, market dynamics, and trading strategies preferred

• Ability to communicate effectively with individuals in both technical and non-technical roles

• Strong communication skills

• Ability to work independently and in a team setting.

• Prepared to work in a fast-paced, dynamic environment

• Exceptional prioritizing, time management, and organizational skills

• Strong work ethic and attention to detail  

• Independent initiative-taker

• Work onsite at our Chicago corporate office

WHAT TO EXPECT

• Highly competitive pay, benefits and bonus structure

• Health insurance (medical, dental, vision)

• Voluntary ancillary plans (Life & AD&D, Short-Term Disability, Long-Term Disability, Critical Accident and Critical Illness)

• Discounted pet insurance

• Progressive time off benefits (unlimited PTO, maternity leave, paternal leave)

• Wellness programs

• Zen Den for meditation, naps, nursing, or just to decompress

• Work with high-caliber and innovative professionals

• Access to unlimited snacks and beverages in our lounge area

• Monthly, Quarterly, and Semi-Annual company sponsored events

• 401K Safe Harbor Plan and Match

• Onsite gym membership 

• Divvy bike access

• A fun and collaborative environment