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Contract Probabilistic Risk Analysis Engineer Jobs in Illinois

Conduct claims analysis, event response, and post-event analytics. * Support integration of climate ... Familiarity with stochastic simulation, probabilistic risk modeling, and related statistical ...

... Structures Engineer is responsible for performing or checking design and analysis of assigned ... contract documents. * Teamwork - Communicating pertinent information and questions to project team ...

Senior Analysis Engineer (Structural)

Plainfield, IL ยท On-site

$98K - $133K/yr

Senior Plate Structures Engineer (Civil/Structural Analyst) Plainfield, Illinois USA This addendum ... standards, and contract documents, and impacts a range of customer, operational or project ...

*Cost Analyst*

Virginia, IL ยท On-site

$62 - $103/hr

Perform risk analysis related to program cost estimates. * Prepare cost analysis reports, briefings ... Coordinate with program management, engineering, and finance staff to gather cost data and validate ...

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Contract Probabilistic Risk Analysis Engineer information

What is a contract probabilistic risk analysis engineer?

A Contract Probabilistic Risk Analysis Engineer is a professional hired on a contractual basis to assess and quantify risks in engineering projects using probabilistic methods. They use statistical models and simulations to predict the likelihood and potential impact of various risks, helping organizations make informed decisions. These engineers often work in industries like energy, aerospace, or construction, and their analysis supports project safety, reliability, and cost-effectiveness. Their expertise helps organizations mitigate uncertainties and optimize project outcomes.

What are the key skills and qualifications needed to thrive as a contract probabilistic risk analysis engineer?

To thrive as a Contract Probabilistic Risk Analysis Engineer, you need a solid background in engineering, mathematics, and statistics, often supported by a relevant degree and experience with risk analysis methodologies. Familiarity with technical tools such as Monte Carlo simulation software, fault tree analysis programs, and industry-specific risk assessment platforms is typically required. Strong analytical thinking, attention to detail, and effective communication skills help you interpret complex data and present findings to stakeholders. These competencies are crucial for accurately identifying and mitigating risks in projects, ensuring safety, compliance, and project success.

What are some common challenges faced by contract probabilistic risk analysis engineers, and how can they be addressed?

Contract Probabilistic Risk Analysis Engineers often face the challenge of quickly integrating into new teams and projects, requiring rapid understanding of industry-specific risk models and standards. Balancing diverse stakeholder expectations, tight deadlines, and incomplete data sets can add complexity to analysis tasks. To address these challenges, effective communication, adaptability, and strong analytical skills are essential. Leveraging standard risk analysis frameworks and maintaining clear documentation can also help ensure consistency and accuracy in deliverables.

What is the difference between Contract Probabilistic Risk Analysis Engineer vs Contract Reliability Engineer?

AspectContract Probabilistic Risk Analysis EngineerContract Reliability Engineer
CredentialsTypically requires engineering degrees, certifications in risk analysis or reliability (e.g., ASQ, IRCA)Requires engineering degrees, certifications in reliability or maintenance (e.g., CRE, RCM)
Work EnvironmentFocuses on risk modeling, probabilistic assessments, often in industries like energy, aerospaceFocuses on system reliability, maintenance strategies, often in manufacturing, utilities
Industry UsageCommon in nuclear, aerospace, oil & gas sectorsCommon in manufacturing, power plants, industrial facilities

The Contract Probabilistic Risk Analysis Engineer specializes in quantitative risk modeling using probabilistic methods, while the Contract Reliability Engineer emphasizes system reliability and maintenance strategies. Both roles require engineering backgrounds but focus on different aspects of safety and system performance within similar industries.

What are the most commonly searched types of Probabilistic Risk Analysis Engineer jobs in Illinois?

The most popular types of Probabilistic Risk Analysis Engineer jobs in Illinois are:

What are popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Illinois?

For Contract Probabilistic Risk Analysis Engineer jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Contract Probabilistic Risk Analysis Engineer jobs in Illinois look for?

The top searched job categories for Contract Probabilistic Risk Analysis Engineer jobs in Illinois are:

What cities in Illinois are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities in Illinois with the most Contract Probabilistic Risk Analysis Engineer job openings:

Engineering Technical Program Manager

Boyd Thermal Solutions Inc.

Virginia, IL โ€ข On-site

$130 - $190/hr

Other

Posted 3 days ago

New


Job description

Job Description

The Engineering Technical Program Manager (TPM) will drive complex, crossโ€‘functional engineering initiatives from conception to deployment, managing timelines, mitigating risks, and ensuring technical scalability. The TPM will evaluate complex systems and identify, quantify, and mitigate potential design, manufacturing or project execution failures. Conduct analysis to ensure designs meets technical, manufacturability and reliability objectives and compliance to industry standards using methods such as FTA, FMEA, and probabilistic risk assessments. Engagement will be for near term and future R&D efforts.

Key responsibilities include:
  • Perform qualitative and quantitative risk analyses, including Fault Tree Analysis (FTA), Failure Mode and Effects Analysis (FMEA), and Hazard and Operability Studies (HAZOP)
  • Ensure engineering designs comply with industry regulations, international safety standards (e.g., "ISO, IEC"), and corporate governance policies
  • Develop and recommend actionable risk mitigation strategies, design modifications, or operational controls to minimize identified hazards
  • Collaborate with testing and validation teams to verify that risk controls are effective and appropriately integrated into the final design
  • Author comprehensive risk management plans and analytical reports for executive stakeholders and external customers
  • Serve as the primary technical advisor, bridging the gap between design engineers, project managers, and manufacturing
  • Mentor engineers, technicians, and production staff on risk analysis best practices
Basic (required) Qualifications:
  • Minimum of a Bachelorโ€™s degree in Mechanical, Aerospace, Systems, or Reliability Engineering (Master's or Ph.D. preferred)
  • 5+ years of handsโ€‘on experience in engineering design, systems safety, or reliability analysis within highly regulated industries (e.g., aerospace, automotive, nuclear, or medical devices)
  • Deep proficiency in probabilistic risk assessment (PRA), Monte Carlo simulations, and reliability modeling software (e.g., ReliaSoft, Item ToolKit, or PTC Windchill)
  • 5+ years analyzing and interpreting complex engineering data and statistical risks into clear, non-technical language for strategic decision-making

Eaton will not consider applicants for employment immigration sponsorship or support for this position. This means that Eaton will not support any CPT, OPT, or STEM OPT plans, F-1 to H-1B, H-1B cap registration, O-1, E-3, TN status, I-485 job portability, etc.

Ability to travel 50% domestic and international Boyd Thermal by Eaton #LI-AH1

Interview Requirements and Candidate Privacy Notice

All positions may require participation in video and in-person interviews as part of the hiring process. All candidates will be evaluated based on job-related competencies, and all candidatesโ€™ privacy rights and data security will be protected in accordance with applicable laws.

All Job Posting Locations Remote Alabama, Remote Arizona, Remote Arkansas, Remote California, Remote Colorado, Remote Connecticut, Remote Florida, Remote France, Remote Georgia, Remote Idaho, Remote Illinois, Remote Indiana, Remote Iowa, Remote Massachusetts, Remote Michigan, Remote Minnesota, Remote Virginia Remote

Remote Type Remote

EEO Statement

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law. Eaton believes in second chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws. You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if Eaton is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.

Accommodations

To request a disabilityโ€‘related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number. Boyd Thermal is now part of Eatonโ€”bringing together two strong teams to serve highโ€‘growth markets like AI, aerospace, and data centers. The combination of Boyd Thermalโ€™s advanced thermal capabilities and Eatonโ€™s powerโ€‘management expertise creates a bestโ€‘inโ€‘class, endโ€‘toโ€‘end portfolio that improves reliability and speed for customers. Eaton is investing in both the technology and the people to scale globally, marking the start of a new growth chapter. As integration progresses, some employment programs or benefits may change for select employees. Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power โ€” today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, weโ€™re accelerating the planetโ€™s transition to renewable energy and helping to solve the worldโ€™s most urgent power management challenges.

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