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Contract Probabilistic Risk Analysis Engineer Jobs in Los Angeles, CA

Vast

Reliability Engineer

Long Beach, CA

$107K - $135K/yr

... probabilistic risk analysis * Experience with performing reliability analyses including Failure ... Ability to read and interpret engineering drawings, fluid schematics, and electrical circuit ...

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All JobsContract Probabilistic Risk Analysis Engineer JobsContract Probabilistic Risk Analysis Engineer Jobs in Los Angeles, CA

Contract Probabilistic Risk Analysis Engineer information

See Los Angeles, CA salary details

$40.9K

$124.8K

$206.3K

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

As of Aug 22, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Los Angeles, CA is $124,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,400.00 and $163,200.00 per year, depending on experience, location, and employer.

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.

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Contract Probabilistic Risk Analysis Engineer jobs near you
Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Los Angeles, CA as of August 2026, with employment types broken down into 82% Full Time, 14% Part Time, and 4% Contract. Highlights an 82% Physical, 4% Hybrid, and 14% Remote job distribution, with an average salary of $124,845 per year, or $60 per hour.

Reliability Engineer

Vast

Long Beach, CA

$107K - $135K/yr

Full-time

Re-posted 9 days ago

Job description

Vast is looking for a Reliability Engineer, reporting to the Vice President, Flight Safety & Mission Assurance, to support the development of the systems that will be required for the design and build of the world's first commercial human-rated space stations.

This will be a full-time, exempt position located in our Long Beach location.

Responsibilities: 

  • Perform system-level reliability analyses, such as fault tree analysis, building reliability block diagrams, and perform failure modes and effects analysis (FMEA/FMECA)
  • Perform reliability predictions using a variety of methodologies, including electronics reliability predictions
  • Assist engineering teams in performing trade studies
  • Develop and maintain spaceflight component reliability data
  • Identify critical components with significant impact to safety and mission success
  • Assist in root cause analysis, failure investigations, and risk characterization

Minimum Qualifications:

  • Minimum of a B.S. in aerospace engineering, mechanical engineering, electrical engineering, materials engineering, mathematics, physics, or related technical discipline

Preferred Skills & Experience:

  • Experience developing reliability models of spacecraft, launch site and/or launch vehicle systems
  • Experience with human-rated, safety critical systems
  • Experience with failure reporting and corrective action systems (FRACAS)
  • Experience with reliability/life test design (failure modes discovery, life demonstration, and screening), Weibull analysis and parameter estimation, stress-strength interference analyses, probability distribution estimation, reliability growth modeling, and/or probabilistic risk analysis
  • Experience with performing reliability analyses including Failure Modes, Effects and Criticality Analysis (FMECA), and Fault Tree Analysis (FTA)
  • Ability to read and interpret engineering drawings, fluid schematics, and electrical circuit diagrams
  • Excellent written, verbal, and interpersonal skills, and ability to communicate technical information to non-technical partners
  • Ability to form relationships with experts from varying engineering fields and provide constructive feedback about safety and reliability concerns

Additional Requirements:

  • Ability to travel up to 20% of the time
  • Willingness to work evenings and/or weekends to support critical mission milestones
  • Ability to lift up to 25 lbs unassisted

Apply