---
title: 'Quantitative Analyst - Treasury at Belvedere Trading'
canonical: 'https://feeny.ai/job/quantitative-analyst-treasury-belvedere-trading-chicago-vhm7dtc9jy0w'
type: 'job'
last_seen: '2026-09-07'
---

# Quantitative Analyst - Treasury at Belvedere Trading

- **Company:** Belvedere Trading
- **Location:** Chicago, IL
- **Compensation:** $100k–$150k
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2025-11-13
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.lever.co/belvederetrading/756ab68b-5141-4e12-894c-57d75fa0659e

## Job description

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.

Belvedere Trading is seeking an experienced Treasury Specialist to join the Treasury team. This role will be instrumental in ensuring efficient cash management, aligning short- and long-term liquidity, adhering to regulatory limits, and educating stakeholders to improve firm-level decisions. The treasury specialist will work directly trading, risk, and finance team-members to optimize cash and liquidity management decisions.

Team Belvedere is an environment where you will solve challenging problems with data-informed decisions. We seek someone passionate about treasury and who enjoys working in a fast-paced environment.

## What You'll Do

- 3+ years of experience in the financial services industry, working in a quantitative capacity
- Perform daily cash management forecasting, optimization, and account transfers
- Recommend and implement strategies to improve cash management efficiency
- Communicate treasury strategies, exposures, and recommendations to managers, traders, and risk teams to ensure firm-wide alignment
- Develop and support treasury policies, procedures, and controls
- Champion best practices in treasury management
- Identify, track, and analyze treasury KPIs to improve performance
- Educate stakeholders across the firm
- Contribute to automating processes

## What You'll Need

- 3+ years in quantitative finance
- Proficiency with Python and SQL required
- Strong analytical and quantitative problem-solving skills
- Experience with journal entries, reconciliations, and accruals from treasury transactions
- Experience with data analytics tools such as PowerBI and Looker a plus
- Ability to be in Belvedere's Chicago headquarters, during regular business hours, 5 days per week

## About Belvedere Trading

## Company Overview
- **One-liner**: Belvedere Trading is a Chicago-based proprietary trading firm specializing in equity index and commodity derivatives, using ultramodern technology and risk management to capitalize on market inefficiencies.
- **Entity Type**: Private (proprietary trading firm, no external funding disclosed)
- **Headquarters**: Chicago, Illinois, United States (with an office in Boulder, Colorado, and a Singapore office)
- **Founded**: 2002
- **Founders**: Not publicly disclosed; key executives include Yezdaan Baber (CEO), Yury Pensky (President), Tom Hutchinson, and Richardo Forrer.

## Core Business
- **Primary industry**: Financial services – proprietary trading and market-making in exchange-traded options and derivatives.
- **Target customers**: The firm trades its own capital; it also offers customized capital backing programs for experienced traders and trading groups.
- **Mission or purpose**: To combine market experience, proprietary technology, and a relentless focus on team development to stay at the forefront of the evolving financial markets.

## Products & Services
- **Proprietary Trading & Market-Making**: Belvedere trades equity index and commodity derivatives on exchanges like the Chicago Board Options Exchange, using internally built models and software to identify and exploit pricing inefficiencies.
- **Capital Backing Programs**: Customized financial backing for experienced traders and trading groups, providing risk management, compliance, HR, recruiting, and competitive execution rates under the Belvedere umbrella.
- **Belvedere Trading University (BTU)**: An internal training program for new hires and interns, covering trading strategies, technology, and risk management.

## Market Standing
- **Valuation/Market Cap**: Not publicly available (private firm).
- **Key Metric**: Headcount of approximately 279–300 employees (as of 2025–2026), growing ~13% year-over-year.
- **Notable Investors/Partners**: None disclosed; the firm is self-funded and operates with its own capital.
- **Growth Signals**: Year-over-year headcount expansion, opening of a Singapore office, continued recruitment for experienced traders and technology roles, and low turnover with high employee referral rates.

## Competitive Advantages
- **Proprietary Technology**: All trading models and software systems are built in-house and continuously re-engineered, giving the firm a speed and efficiency edge.
- **Culture & Retention**: Low turnover and high referral rates, driven by an entrepreneurial, empowered work environment with minimal barriers to communication.
- **Risk Management**: Diligent risk, compliance, and finance management capabilities that allow quick adaptation to market changes.
- **Training Investment**: Belvedere Trading University (BTU) ensures new hires rapidly develop deep market and technical skills.

## Strategic Focus
- **Geographic Expansion**: Growing presence in Singapore and Boulder to access new talent and markets.
- **Technology Leadership**: Continued investment in software engineering, quantitative research, and data engineering to maintain a competitive edge.
- **Talent Development**: Emphasis on attracting diverse, high-caliber individuals and fostering a culture of ownership, iterative innovation, and teamwork.

## Why Work Here
- **Culture**: Casual dress code, open communication, strong work-life balance, and a small-company feel despite growth. Team members are empowered through a Culture Committee that plans social events and fringe benefits.
- **Remote/Hybrid Policy**: Not explicitly stated; roles appear to be primarily in-office (Chicago, Boulder, Singapore) with virtual interview options. Interns receive housing assistance in Chicago.
- **Notable Perks**: Comprehensive health coverage, 401(k), parental leave, wellness program, continuing education, transit benefit, relocation reimbursement, mentorship program, and regular company-wide social events. Interns receive medical coverage, housing assistance, and dedicated intern events.
- **Engineering Culture**: Software Engineers build proprietary applications; Junior Quantitative Trading Analysts rotate between trading and technology projects. Sponsorship is available for Software Engineer and Quantitative Research roles.

## Sources
1. [belvederetrading.com – About](https://www.belvederetrading.com/about)
2. [belvederetrading.com – Working at Belvedere](https://www.belvederetrading.com/working-at-belvedere)
3. [belvederetrading.com – Our Positions (Careers)](https://www.belvederetrading.com/our-positions)
4. [belvederetrading.com – What Sets Us Apart](https://www.belvederetrading.com/what-sets-us-apart)
5. [LinkedIn – Belvedere Trading, LLC](https://linkedin.com/company/teambelvedere)

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