ZipRecruiter

Log In

1

Contract Probabilistic Risk Analysis Engineer Jobs in Chicago, IL

ZS

Governance & Risk Analyst

Chicago, IL · On-site

$85K - $95K/yr

Experience in performing process, Contract review and project security risk assessments. * Proficiency in using risk assessment tools and technologies. * Excellent analytical and problem-solving ...

Tempus AI

Senior Cyber Risk Analyst

Chicago, IL · On-site

... logging, analysis, treatment tracking, and closure. • Apply standardized risk assessment ... engineers, operators, and data scientists. Company : Tempus is a technology company advancing ...

Chubb

Vendor Risk Analyst

Chicago, IL · On-site +1

... contracts include appropriate risk mitigation measures. * Prepare detailed reports and ... Strong analytical and problem-solving skills with the ability to assess complex vendor risk ...

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

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

Tempus

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$110K - $130K/yr

... logging, analysis, treatment tracking, and closure. * Risk Quantification & Scoring: Apply ... engineers, operators, and data scientists. #LI-HR1 #LI-Hybrid CHI: $110,000-$130,000 The expected ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · On-site

$110K - $130K/yr

... logging, analysis, treatment tracking, and closure. * Risk Quantification & Scoring: Apply ... engineers, operators, and data scientists. #LI-HR1 #LI-Hybrid CHI: $110,000-$130,000 The expected ...

Request Technology, LLC

Data Analytics Engineer

Chicago, IL · Remote

$118K - $141K/yr

Prestigious Financial Company is currently seeking a Data Analytics Engineer. Candidate will join a ... analytics, dashboards, and internal risk applications. Assist in maintaining performance and ...

Alliant

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

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

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

Strong Python skills for data analysis, modeling, and pipeline development * Solid foundation in ... Feature engineering * Model evaluation and performance monitoring Preferred Qualifications

next page

Showing results 1-20

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:
What are popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Chicago, IL? For Contract Probabilistic Risk Analysis Engineer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Contract Probabilistic Risk Analysis Engineer jobs in Chicago, IL look for? The top searched job categories for Contract Probabilistic Risk Analysis Engineer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Contract Probabilistic Risk Analysis Engineer jobs? Cities near Chicago, IL with the most Contract Probabilistic Risk Analysis Engineer job openings:
Contract Probabilistic Risk Analysis Engineer jobs near you

Governance & Risk Analyst

ZS

Chicago, IL • On-site

$85K - $95K/yr

Full-time

Posted 19 hours ago

Job description

ZS is a place where passion changes lives. As a management consulting and technology firm focused on improving life and how we live it, we transform ideas into impact by bringing together data, science, technology and human ingenuity to deliver better outcomes for all. Here you'll work side-by-side with a powerful collective of thinkers and experts shaping life-changing solutions for patients, caregivers and consumers, worldwide. ZSers drive impact by bringing a client-first mentality to each and every engagement. We partner collaboratively with our clients to develop custom solutions and technology products that create value and deliver company results across critical areas of their business. Bring your curiosity for learning, bold ideas, courage and passion to drive life-changing impact to ZS.
What you'll do: Governance & Risk Analyst in the Enterprise will...
The GRC Analyst will support the organization's Governance, Risk & Compliance function with a primary focus on Third-Party Risk Management (TPRM) and Vendor Risk Assessments (VRA). This role is responsible for conducting end-to-end risk assessments of third-party vendors, identifying security, privacy, and compliance risks, and working with internal stakeholders and vendors to ensure timely risk remediation and closure.
The role requires strong analytical skills, stakeholder engagement, and familiarity with information security, privacy, and regulatory frameworks.
Key Responsibilities
Third-Party Risk Management (TPRM) & Vendor Risk Assessments (VRA)
  • Conduct end-to-end Vendor Risk Assessments (VRA) including initiation, analysis, follow-ups, and final reporting
  • Review vendor security questionnaires, supporting evidence, and contractual artifacts to assess information security, privacy, and compliance risks
  • Identify inherent and residual risks across domains such as not limited only to below:
    • Information Security
    • Data Privacy
    • Access Controls
    • Business Continuity & Disaster Recovery
    • Regulatory & Compliance requirements
  • Clearly document assessment findings, risk ratings, and remediation recommendations in risk management tools and trackers
  • Coordinate with vendors to obtain clarifications, remediation plans, and follow-up evidence for identified gaps

Stakeholder Collaboration & Governance
  • Partner with internal teams including Procurement, Legal, Information Security, Privacy, and Business Owners to support third-party onboarding and risk decisions
  • Escalate high-risk findings and delays to GRC leadership with clear summaries and recommended actions
  • Support second-level reviews and management reporting for VRAs and TPRM activities

Risk Reporting & Continuous Improvement
  • Maintain accurate risk registers, assessment trackers, and dashboards for VRA/TPRM
  • Contribute to improving TPRM frameworks, workflows, and reporting to enhance stakeholder value
  • Assist in developing and updating SOPs, templates, and guidance documents related to vendor risk management

Audit & Compliance Support
  • Support internal and external audits by providing VRA documentation, evidence, and risk summaries
  • Assist with broader GRC initiatives such as policy reviews, opportunity security risk assessments, and compliance assessments as needed

What you'll bring:
  • Bachelor's degree in computer science, Information Systems, or a related field. A relevant master's degree is a plus.
  • Proven experience of at least 2 years or more in IT risk management, governance, or a related field.
  • Strong understanding of IT risk assessment methodologies, frameworks, and industry best practices.
  • Assess vendor security posture against frameworks such as ISO 27001 / 27002, NIST, and SOC 2.
  • Familiarity with regulatory requirements (e.g., GDPR, HIPAA, PCI DSS) and their impact on IT risk management.
  • Knowledge of vendor risk management principles and practices.
  • Experience in performing process, Contract review and project security risk assessments.
  • Proficiency in using risk assessment tools and technologies.
  • Excellent analytical and problem-solving skills.
  • Strong written and verbal communication skills, with the ability to effectively communicate technical concepts to both technical and non-technical audiences.
  • Strong organizational and time management skills, with the ability to manage multiple priorities and deadlines.
  • Relevant certification such as ISO 27001:2022 LA is preferred.
  • Fluency in English
  • Client-first mentality
  • Intense work ethic
  • Collaborative spirit and problem-solving approach

How you'll grow:
  • Cross-functional skills development & custom learning pathways
  • Milestone training programs aligned to career progression opportunities
  • Internal mobility paths that empower growth via s-curves, individual contribution and role expansions

Perks & Benefits:
At ZS, your growth matters. We offer a comprehensive total rewards package that supports your health and well-being, financial future, time away, and professional development. With robust skills-building programs, multiple career progression paths, internal mobility, and a deeply collaborative culture, you'll have the opportunity to do meaningful work, expand your capabilities, and thrive as part of a global community. For details on total rewards in United States, visit ZS US office locations | Where we work | ZS.
Hybrid working model:
We are committed to giving our employees a flexible and connected way of working. A flexible and connected ZS allows us to combine work from home and on-site presence at clients/ZS offices for the majority of our week. The magic of ZS culture and innovation thrives in both planned and spontaneous face-to-face connections.
Travel:
Travel is a requirement at ZS for client facing ZSers; business needs of your project and client are the priority. While some projects may be local, all client-facing ZSers should be prepared to travel as needed. Travel provides opportunities to strengthen client relationships, gain diverse experiences, and enhance professional growth by working in different environments and cultures.
Considering applying?
At ZS, we honor the visible and invisible elements of our identities, personal experiences, and belief systems-the ones that comprise us as individuals, shape who we are, and make us unique. We believe your personal interests, identities, and desire to learn are integral to your success here. We are committed to building a team that reflects a broad variety of backgrounds, perspectives, and experiences. Learn more about our inclusion and belonging efforts and the networks ZS supports to assist our ZSers in cultivating community spaces and obtaining the resources they need to thrive.
If you're eager to grow, contribute, and bring your unique self to our work, we encourage you to apply.
ZS is an equal opportunity employer and is committed to providing equal employment and advancement opportunities without regard to any class protected by applicable law.
To complete your application:
Candidates must possess or be able to obtain work authorization for their intended country of employment. An on-line application, including a full set of transcripts (official or unofficial), is required to be considered.
NO AGENCY CALLS, PLEASE.
Find Out More At:
www.zs.com

About ZS

Sourced by ZipRecruiter

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Evanston, IL, US

Year founded

1983

View All ZS Jobs

Apply