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Contract Probabilistic Risk Analysis Engineer Jobs in Chicago, IL

Riskexec

Software Engineer

Chicago, IL · Hybrid

RiskExec builds compliance analytics and reporting software that helps financial institutions meet ... Production reliability under deterministic + probabilistic system: performance, reliability ...

Hudson Manpower

Senior Data Analytics Engineer

Chicago, IL · On-site

$40 - $50/hr

Support analytics related to financial risk, trading, and operational reporting where applicable ... Engineering, BI, Data Engineering, Risk Analytics, or Software Development. * Strong SQL skills ...

CB&I

Senior Analysis Engineer (Structural)

Plainfield, IL · 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 ...

Delan Associates, Inc.

Cyber Risk Analyst

Lemont, IL · On-site

Contract Position: Full Time, 40 hour work week Period of Performance: 1 Year Scope: The Cyber Risk Analyst will play an important role in identifying and communicating areas of concern and risks to ...

Delan Associates, Inc

Cyber Risk Analyst

Lemont, IL · On-site

Contract Position: Full Time, 40 hour work week Period of Performance: 1 Year Scope: The Cyber Risk Analyst will play an important role in identifying and communicating areas of concern and risks to ...

Delan Associates, Inc

Cyber Risk Analyst

Lemont, IL · On-site

Contract Position: Full Time, 40 hour work week Period of Performance: 1 Year Scope: The Cyber Risk Analyst will play an important role in identifying and communicating areas of concern and risks to ...

JCW Group

Model Risk Analyst

Chicago, IL · On-site

We're helping our client, a bank in downtown Chicago, fill a new Model Risk Analyst, targeted ... A master's in a related field (mathematics, finance, statistics, financial engineering, computer ...

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL

$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.

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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 Jun 14, 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, and why are they important?

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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Contract Probabilistic Risk Analysis Engineer jobs near you
Full Time - Systems/Risk Engineer

Full Time - Systems/Risk Engineer

EROS Technologies, Inc.

Lake Forest, IL • On-site

Full-time

Posted 2 days ago

Job description

Company Description

EROS Technologies was founded with a simple motive of offering the clients exactly what they want, how they want and when they want it. By leveraging for its clients its technological edge and right-sourcing advantage, EROS in a short period of time has grown to become one of the most trusted strategic technology partners. Treating every client as the top priority, we customize our solutions and services to align with the unique needs of each client.

Job Description

Systems/Risk Engineer

Lake Forest, IL

Full Time 


Job Description


Bachelor's degree (Mechanical Engineering preferred) 

Experience in working in Medical devices and knowledge in medical quality process 

Should have worked in medical new product development projects & sustenance projects

Experience in change control process 

Should have worked in 21CFR820 (design control processes) compliant environment.

Owns content of all Design Input Documents / product requirement

Owns the generation of the master trace matrix document

Owns tracing at all levels of the requirements flow down from requirements to risk and then to design output & verification

Owns allocation of product requirements to subsystem level specifications

Should have basic knowledge on Risk related documents (Hazard Analysis, User Error risk analysis, Compliant code mapping etc.)

Should have exposure to manufacturing processes of plastic and glass components.

Should be able to own and execute DFMEA / DFMECA for disposables (IV Administration sets, syringes, etc.). Proficiency in DOORS is preferred. Excellent written and verbal communication is a must.


Regards,

Ishwar

Sr. Resource Professional

Contact: +1- 408 318 6754

EROS Technologies Inc.

16192 Coastal Highway

Lewes, DE- 19958


Qualifications

Bachelor's degree (Mechanical Engineering preferred) 

Additional Information

All your information will be kept confidential according to EEO guidelines.

Eros Technologies logo

About Eros Technologies

Sourced by ZipRecruiter

We create a culture that inspires us to work smart, together. Experience Eros is dedicated to delivering services to all our Fortune 100 to Fortune 500, SME, and Enterprise customers in the USA, Canada, and India. Eros Technologies is a leading Global Consulting and IT services company, offering a wider variety of solutions customized to the needs of demanding industries and diversified business environments. We help clients move forward in every part of their businesses, from strategic planning to day-to-day operations by enhancing our consulting and outsourcing expertise with alliances and other capabilities. Eros can mobilize the right people, skills, and technologies to help its clients improve their performances. We create Solutions with the aim of increasing your organization’s efficiency, productivity, and profits.

Industry

Human resources consulting services

Company size

1,001 - 5,000 Employees

Headquarters location

Lewes, DE, US

Year founded

2015

Social media

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