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Contract Probabilistic Risk Analysis Engineer Jobs in Morton Grove, IL

Moffitt

ENTERPRISE CONTRACT ANALYST

Chicago, IL · On-site

$71K - $86K/yr

... analysis, and makes recommendations to management related to enterprise contract initiatives Develop and maintain complex financial models evaluating cost, reimbursement impacts, and risk across ...

Northern Trust

Business Analyst, IAM Risk & Audit

Chicago, IL

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Sirva

Insurance Risk Management Analyst

Oakbrook Terrace, IL · On-site

$66K - $83K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Review the insurance section of the client contract and issue certificates of insurance in ... Activities include analysis of underwriting information for accuracy, timely completion of ...

Northern Trust

Business Analyst, IAM Risk & Audit

Chicago, IL · On-site

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Northern Trust

Business Analyst, IAM Risk & Audit

Chicago, IL · On-site

$88K - $151K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This position partners with IAM engineering teams, risk management, internal audit, compliance ... Reporting & Data Analysis * Develop and maintain IAM risk, audit, and compliance reporting.

Wood Plc

Water Resources Engineer - FEMA

Chicago, IL · Remote

$81K - $111K/yr

... risk analysis, mapping, and related services on projects throughout the Mid-Atlantic, Midwest, and Northeast U.S. regions. This position will be an integral member supporting contracts with the ...

Ventura Solutions LLC

Design Verification Engineer

Chicago, IL · On-site

$45 - $55/hr

  • Medical

  • Dental

  • Retirement

  • PTO

This individual will serve as a technical expert in device testing, design inputs, risk analyses ... W2 Contract (approximately 6 months) * Potential for contract-to-hire conversion Compensation ...

GCM Grosvenor

Investments Risk, Principal

Chicago, IL · Hybrid

... Engineering, or related), or equivalent technical experience or demonstrated quantitative aptitude. * 3-7 years of experience in investment analysis, risk management, or asset allocation, ideally ...

New

Jump Trading

Campus Quantitative Trader (Full-Time)

Chicago, IL · On-site

$300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

They leverage their impeccable statistical analysis and data mining skills, using the results of ... Programming experience * Appetite for risk-taking * Demonstrated interest in financial markets ...

Wood Plc

GIS Analyst - FEMA

Chicago, IL · Remote

... flood risk analysis, mapping, and related services on Federal Emergency Management Agency (FEMA ... Customize GIS workflow and software programs for data collection, engineering, and environmental ...

System One

Senior Civil Structural Engineer

Downers Grove, IL · On-site

$70/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Contract Compensation: $70/hr (DOE) Contractor Work Model: Onsite Hours: 40 hours/week System One ... and risk analysis. * Perform material take offs for steel and concrete on industrial projects.

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Showing results 41-60

All JobsContract Probabilistic Risk Analysis Engineer JobsContract Probabilistic Risk Analysis Engineer Jobs in Morton Grove, IL

Contract Probabilistic Risk Analysis Engineer information

See Morton Grove, IL salary details

$37.8K

$115.3K

$190.5K

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 Morton Grove, IL is $115,268.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,600.00 and $150,700.00 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 popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Morton Grove, IL?

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

What cities near Morton Grove, IL are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities near Morton Grove, IL with the most Contract Probabilistic Risk Analysis Engineer job openings:

Contract Probabilistic Risk Analysis Engineer jobs near you
Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Morton Grove, IL as of August 2026, with employment types broken down into 1% Internship, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $115,268 per year, or $55.4 per hour.

Vice President, Market Risk Manager

Wedbush Securities

Chicago, IL

Full-time

Re-posted 22 hours ago

Job description

Wedbush Securities is one of the largest securities firms and investment banks in the nation. We provide innovative financial solutions through our Wealth Management, Capital Markets, Futures and Advanced Clearing & Prime Services divisions. Headquartered in Los Angeles, California with over 100 offices and more than 80 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth.

Our Chicago office is hiring for an experienced Vice President, Market Risk Analytics Manager FICCS to join our Risk and Credit Group. The primary function of this role is to act as a Market Risk Analytics Manager focusing on futures, options on futures, FX, power products and Fixed Income. 

Responsibilities include, but are not limited to:

  • Monitor client trading across multi-asset classes and create risk monitoring reports
  • Design SQL queries and relational databases to support daily tasks and automate reports
  • Manage team that issues intraday/overnight calls and risk limit breaches to clients, while answering and investigating any inquiries or disputes
  • Calibrate risk systems and reporting for daily monitoring and management reporting packages
  • Oversee and manage Stress Testing and 1.73 liquidation reports
  • Inspect client performances by evaluating intraday/overnight profit & losses and stress tests to identify any potential dangers and present protective measures against price fluctuations of client positions
  • Perform as a backup for daily approval of outgoing wires and ACHs
  • Manage and conduct reports on various Exchange Default Management Systems
  • Perform other tasks and duties as assigned and required

  • Bachelor's Degree from an accredited university, preferably in Business Administration or other related field
  • Minimum 10+ years of experience in futures, FX, and fixed income
  • Strong knowledge and experience in Power, Energy Futures, products and exchange requirements, standards, and best practices
  • Experience with exchange margin tools and ability to produce and analyze the margin requirements for various exchange margin platforms such as CME, ICE, Nodal, etc.
  • Familiarity with options and understanding of option strategies; experience with energy products with limit setting for contracts, margin, risk and Globex credit limits
  • Background in developing and maintaining risk policies, processes, procedures, and standards
  • Execute SQL queries and apply knowledge of database infrastructure, with experience using Tableau
  • Ability to manage across multiple competing priorities and time-sensitive initiatives
  • Strong ability to work independently, delegate duties and develop team relationships
  • Excellent written and verbal communication skills

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