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Contract Probabilistic Risk Analysis Engineer Jobs in Texas

Hilltop Holdings

Risk Analysis Associate

Dallas, TX · On-site

The Risk Analysis Associate is part of the Strategic & Risk Management team that helps build a ... Engineering, Computer Science, or related field * Previous experience in a financial institution a ...

WSP

Senior Risk Manager

Houston, TX · On-site

Conduct quantitative cost and schedule risk analysis (QCRA/QSRA) using probabilistic and simulation ... Bachelor's degree in Engineering, Construction Management, Economics, Finance, or relevant field ...

WSP

Senior Risk Manager

Houston, TX

Conduct quantitative cost and schedule risk analysis (QCRA/QSRA) using probabilistic and simulation ... Bachelor's degree in Engineering, Construction Management, Economics, Finance, or relevant field ...

Hilltop Holdings

Risk Analysis Associate

Dallas, TX · On-site

The Risk Analysis Associate is part of the Strategic & Risk Management team that helps build a ... Engineering, Computer Science, or related field * Previous experience in a financial institution a ...

Aalo Atomics

PRA Engineer

Austin, TX · On-site

About the role Aalo Atomics is seeking a highly motivated and experienced Probabilistic Risk ... Collaborate with Human Factors Engineering (HFE) teams on Human Reliability Analysis (HRA) and ...

Kindredventures

PRA Engineer

Austin, TX · On-site

$85 - $115/hr

About the role Aalo Atomics is seeking a highly motivated and experienced Probabilistic Risk ... Collaborate with Human Factors Engineering (HFE) teams on Human Reliability Analysis (HRA) and ...

New

MasTec Inc

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

MasTec Inc

Contract/Risk Analyst

Dallas, TX

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

MasTec Inc

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

MasTec Inc

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

MasTec Inc

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

MasTec Inc

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

CEI Services

Contract/Risk Analyst

Dallas, TX · On-site

Overview The Contract / Risk Analyst is responsible for reviewing contracts, subcontracts, and ... Our deep knowledge of soil bore analysis, local environments, and regional regulations - combined ...

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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 Texas?

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

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

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

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

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

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

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

Contract Probabilistic Risk Analysis Engineer jobs near you

Analyst, Quantitative Risk - Power & Natural Gas

PowerTransitions

Houston, TX • On-site

$110 - $180/hr

Other

Posted 3 days ago

New

Job description

PowerTransitions is seeking an Analyst, Quantitative Risk – Power & Natural Gas to advance our modeling and risk analytics capabilities across our power and natural gas portfolio. This role is embedded within the Commercial Operations and Risk Management teams and is responsible for delivering actionable quantitative insights that inform fuel strategy, dispatch optimization, margin and basis exposure, capacity planning, liquidity management, and new project evaluation.

The Quantitative Risk Analyst will apply both deterministic and probabilistic methodologies across fuel supply analysis, dispatch optimization, portfolio risk measurement, and broader commercial analytics. Working cross-functionally with commercial, operations, and finance teams, this individual will translate complex analytical outputs into clear, decision-focused insights for leadership.

What You’ll Do
  • Analyze price volatility, correlation structures, operational uncertainty, and margin/earnings drivers across fuels, basis, and power markets
  • Conduct margin, earnings, and cash-flow at-risk analysis of thermal, renewable, and intermittent generation
  • Model plant-level earnings and variable margin at risk using deterministic and probabilistic methods
  • Support transaction-level risk measurement, including exposure, sensitivities, and VaR-type metrics
  • Estimate potential future exposure (PFE) for collateral and commodity transactions using available inputs and practical simulations
  • Evaluate fuel supply, storage, transport options, and dual-fuel dispatch constraints
  • Support structured contract and PPA valuation and analyze project economics for new development and acquisitions
  • Execute probabilistic or Monte Carlo simulations and run deterministic cases, sensitivities, and scenario analysis
  • Measure and explain exposure across hub and nodal power markets
  • Track and analyze natural gas, transportation, storage, and basis exposures
  • Assist with forward curve development and maintenance for power and natural gas
  • Build nodal and hourly shape curves and seasonal adjustments
  • Provide analytics to support the valuation of merchant exposure for gas-fired, dual-fuel, and renewable/intermittent assets
  • Analyze PPAs, tolling agreements, heat-rate options, and structured offtake agreements
  • Build and maintain models in MS Excel, Python and SQL
  • Work with datasets from ISO portals, pipeline postings, ICE, third party data vendors, and other sources
  • Contribute to developing dashboards and reporting in Power BI or Tableau
  • Maintain transparent model documentation and ensure methodologies are auditable
What We’re Looking For
  • Bachelor’s or Master’s degree in a quantitative field (engineering, applied math, finance, economics, statistics), or related industry experience
  • 2–6 years in energy modeling, risk analytics, or quantitative valuation
  • Understanding of power and natural gas markets (heat rates, dispatch, basis/transport)
  • Ability to apply and explain stochastic or probabilistic methods
  • Demonstrated ability to work in a hands‑on role in a lean environment, requiring independent problem‑solving and comfort operating with incomplete data
  • Python and SQL proficiency
  • Strong analytical and problem‑solving skills
  • Ability to communicate technical results to non‑mathematical commercial and operations teams
    Preferred:
  • Experience in PJM, ERCOT, ISO-NE, NYISO, MISO, SPP, or CAISO markets
  • Experience with market data from ISOs, pipeline postings, and market data vendors
  • Familiarity with valuation tools (MATLAB, R, @Risk, CQuant, or similar)
  • Exposure to PPA valuation, tolling, hedging, or structured transactions
  • Understanding of BESS concepts and modelling
  • Experience with Power BI or Tableau
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