Model Risk Quant Developer -Chicago, IL -Hybrid
$208,000–$343,200 year
On-siteChicago, Illinois, United States
Job Summary
Engineer model libraries and challenger models with clear APIs and documentation. Build scenario and sensitivity engines and quality checks for inputs and outputs. Maintain continuous testing and nightly backtests with alerts and dashboards. Work with stakeholders to translate regulatory asks into code and evidence. Deliver nightly validation jobs with 99% success rates and auto reruns, ensuring mean time to reproduce results stays under one hour. Zero repeat findings across two consecutive cycles. Partner with model risk and front office teams to ship production-grade analytics and testing frameworks. This role supports steady contractor demand for quantitative developers in Chicago, IL, offering hybrid flexibility and competitive consultant pay ranging from $100 to $165 per hour.
Required Qualifications
- 5 to 9 years in quant development or model engineering
- Python expert with strong software engineering practices and Git based workflows
- Experience packaging analytics for production use and validator reruns
- Knowledge of market or credit or liquidity risk modeling techniques
- Familiarity with CI and CD and containers and artifact registries
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