Model Risk Quant Developer -Chicago, IL -Hybrid

FinTrust Connect; Chicago (IL); Hybrid; USD 137,760 - 227,304; Part time

Job summary

A leading financial technology firm is seeking a Model Risk Quant Developer in Chicago, IL, or remote within the US. The ideal candidate will have 5 to 9 years of experience in quant development, strong Python skills, and be knowledgeable about risk modeling techniques. Responsibilities include engineering model libraries and maintaining testing frameworks to ensure accuracy. This role offers a competitive hourly rate of $100 to $165 and follows a hybrid working structure.

Qualifications

• 5 to 9 years in quant development or model engineering.
• Expert in Python with strong software engineering practices.
• Experience in packaging analytics for production use.

Responsibilities

• Engineer model libraries and challenger models with clear APIs.
• Build scenario and sensitivity engines with quality checks.
• Maintain continuous testing and nightly backtests.

Skills

Quant development

Python

Git

Credit risk modeling

Continuous Integration

Continuous Deployment

Job description

About the job Model Risk Quant Developer -Chicago, IL -Hybrid

FinTrust Connect Chicago IL Hybrid

Share Your Resume and Build Your Future!

Join our Talent Community for Chicago. The city shows steady contractor demand for quantitative developers who can partner with model risk and front office teams to ship production grade analytics and testing frameworks.

Requirements

• 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

Responsibilities

• 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 evid ence

Outcomes we track

Nightly validation jobs success 99% with auto rerun and notify

Mean time to reproduce validation results < 1 hour

Repeat findings over two consecutive cycles 0

Compensation and terms

Consultant pay $100 to $165 per hour

Contract -Hybrid -Chicago, IL or Remote US W2 or 1099