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Contract Probabilistic Risk Analysis Engineer Jobs in Chicago, IL

Urschel Laboratories, Inc.

Risk Engineer

Chesterton, IN

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Conduct hazard analysis and risk assessments; * Evaluate and ensure the safety and regulatory ... Provide guidance to engineers for adherence to standards, regulatory requirements, and sanitary ...

Urschel Laboratories, Inc.

Risk Engineer

Chesterton, IN · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Conduct hazard analysis and risk assessments; * Evaluate and ensure the safety and regulatory ... Provide guidance to engineers for adherence to standards, regulatory requirements, and sanitary ...

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL · On-site

$101K - $120K/yr

Analyze risk quality, identify loss drivers, and recommend mitigation strategies. * Support claims ... Experience in risk engineering, power generation, renewable energy, or a related technical field.

1 point system

Senior Data Scientist

Chicago, IL · Remote

Collaborate with Risk Management, Legal, Data Engineering, BI, Data Governance, and MLOps partners ... Experience with NLP or text analytics, including narrative cleaning, text classification ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis ... Minimum- 4 Year Bachelors Degree in Mathematics, Statistics, Quantitative Finance, Engineering ...

Adyen

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be ...

Adyen

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Credit Risk Analyst - Financial Products As a Credit Risk Analyst based in Chicago, you will be ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

Proficiency in Python for data analysis, risk analytics, or automation * Working knowledge of SQL is preferred * Ability to communicate complex quantitative concepts to traders, engineers, and ...

Chicago Public Schools

Risk and Insurance Analyst

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Participate in various Risk Management processes, including contracts review, vendor outreach and ... Strong analytical, financial, and problem-solving skills. * Ability to interpret and apply CPS ...

Citizens

Risk Transformation & Delivery Analyst

Chicago, IL · Hybrid

$94K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... analysis. * Support vendor management activities, including onboarding, contract coordination, performance tracking, and expense oversight. * Strategic and Special Projects * Support the Risk ...

Citizens

Risk Transformation & Delivery Analyst

Chicago, IL · Hybrid

$94K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

... analysis. * Support vendor management activities, including onboarding, contract coordination, performance tracking, and expense oversight. * Strategic and Special Projects * Support the Risk ...

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125K - $170K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Senior Financial Risk Analyst As a Senior Financial Risk Analyst located in Chicago, you will be ...

Adyen

Senior Financial Risk Analyst

Chicago, IL

$125K - $170K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Senior Financial Risk Analyst As a Senior Financial Risk Analyst located in Chicago, you will be ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis. * Provide ... Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

  • PTO

Proficiency in Python for data analysis, risk analytics, or automation * Working knowledge of SQL is preferred * Ability to communicate complex quantitative concepts to traders, engineers, and ...

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Showing results 21-40

All JobsContract Probabilistic Risk Analysis Engineer JobsContract Probabilistic Risk Analysis Engineer Jobs in Chicago, IL

Contract Probabilistic Risk Analysis Engineer information

See Chicago, IL salary details

$39.1K

$119.4K

$197.3K

How much do contract probabilistic risk analysis engineer jobs pay per year?

As of Aug 16, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Chicago, IL is $119,357.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,500.00 and $156,100.00 per year, depending on experience, location, and employer.

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 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 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 most commonly searched types of Probabilistic Risk Analysis Engineer jobs in Chicago, IL?

The most popular types of Probabilistic Risk Analysis Engineer jobs in Chicago, IL are:

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

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Contract Probabilistic Risk Analysis Engineer jobs near you

Risk Engineer

Urschel Laboratories, Inc.

Chesterton, IN

Full-time

Re-posted 13 days ago

Job description

Urschel, a 100% employee-owned company, is seeking a Risk Engineer to evaluate machine designs for compliance with applicable safety standards and industry regulations, and to develop solutions that minimize or eliminate operator risk. This role provides technical leadership focused on regulatory compliance, hazard identification, risk assessment and cost-effective risk management for Urschel customers. This onsite position reports to the Electrical Engineering Manager and is based at our corporate Headquarters in Chesterton, Indiana.

Responsibilities include:

  • Conduct hazard analysis and risk assessments;
  • Evaluate and ensure the safety and regulatory compliance of machine design and part specifications;
  • Reviewing certified prints for safety and adequate guarding;
  • Develop, review, and maintain safety documentation, technical reports, and compliance certifications;
  • Stay current with regulations and standards related to industrial food processing machinery and food contact materials;
  • Provide guidance to engineers for adherence to standards, regulatory requirements, and sanitary design principles;
  • Investigate incidents and near misses and develop solutions for incorporation into future designs or procedures;
  • Attend trade shows to understand customer needs.

Urschel employee-owners design and manufacture industrial cutting equipment for food processing and allied industries around the world from our global headquarters located in Chesterton, Indiana, U.S.A. Consumers purchase goods manufactured on Urschel cutting equipment on a daily basis. Advanced manufacturing technologies are utilized at our climate controlled, clean, and environmentally conscious facility.

Company Benefits, Rewards and Perks:

  • Quarterly performance award bonus based on overall company performance
  • Employee Stock Ownership Plan (ESOP), Stock Issued Annually
  • 2 Weeks' Vacation Available Upon Hire
  • Medical, Dental, Vision Insurance Available on 1st Day of Employment
  • Low Health, Dental, Vision Insurance Premiums and Deductibles
  • Free Health Clinic (Available to Employees and Their Dependents)
  • 401(k) with Employer Matching
  • Free Life Insurance
  • Paid Holidays
  • Free 24/7 Access to An Onsite Workout Center with Personal Trainers
  • Education Reimbursement Program
  • Support for Community Involvement/Philanthropy

The qualified candidate will possess, at a minimum, a bachelor's degree in Civil, Electrical or Mechanical Engineering and three or more years of experience working in a manufacturing setting. Experience in the Food Industry and knowledge of food processing machines preferred. Prior experience performing risk assessments on machines preferred. Knowledge of ANSI, OSHA, ISO, NFPA, EN, and UL standards pertaining to machine guarding and electrical conformance is preferred. Must possess the ability to review and analyze engineering drawings and reports and the ability to communicate effectively with customers. Experience with CE compliance a plus.

If you are seeking an outstanding career opportunity, visit the Urschel careers link directly at http://www.urschel.com/careers or find us on Facebook or LinkedIn.

EEO/Veterans/Disability

Date Posted: 5/4/2026