Quantitative Researcher

About Us

Belvedere Trading is a leading proprietary trading firm 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.

The Role

Belvedere is searching for a Quantitative Researcher to join our Quant Research & Development team. The Quant R&D team works closely with both traders and developers to build algorithmic solutions from idea generation to roll out to increase the firm's profitability. As a Quantitative Researcher, you will contribute directly to research, development, and implementation of models and tools that help drive automated decision-making throughout the firm. Through your quant research, you will be an integral participant in Belvedere's long-term growth by improving and expanding the firm's existing trading strategies.

Responsibilities

• Work closely with traders to prioritize hypotheses, interpret results, and translate research into deployable trading strategies.
• Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading.
• Build, improve, and maintain research tools (e.g., Python, Jupyter) for testing, backtesting, validating, and monitoring models and strategies.
• Collaborate closely with traders, technologists, and senior quantitative researchers to ensure strong alignment between research insights and production trading decisions.
• Continuously monitor and enhance existing models and strategies, adjusting for market dynamics, data drift, and performance deviations.
• Combine statistical rigor, market microstructure knowledge, and engineering fluency to deliver robust edge and provable PNL.

Requirements

• Advanced degree (Master's or PhD) in a quantitative field such as Mathematics, Statistics, Physics, Financial Engineering, or a related discipline.
• 2+ years of experience in quantitative research in trading or a related field.
• Strong proficiency in Python or C++ for model research, prototyping, and production implementation; experience with version control and collaborative development workflows.
• Experience working with large datasets, statistical modeling, or algorithmic 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.

Benefits

Salary: $140,000 - $200,000 a year

Additionally, certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits.

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 Requirements: Ability to remain at a desk and concentrate for long periods of time

Travel: None

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.

About This Posting

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.

Belvedere Trading is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans.