ZipRecruiter

Log In

1

Contract Probabilistic Risk Analysis Engineer Jobs in Oak Brook, IL

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

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 ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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

previous pagenext page

Showing results 21-40

All JobsContract Probabilistic Risk Analysis Engineer JobsContract Probabilistic Risk Analysis Engineer Jobs in Oak Brook, IL

Contract Probabilistic Risk Analysis Engineer information

See Oak Brook, IL salary details

$38.4K

$116.9K

$193.3K

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 Oak Brook, IL is $116,934.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,800.00 and $152,900.00 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 Oak Brook, IL?

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

What cities near Oak Brook, IL are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities near Oak Brook, 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 Oak Brook, IL as of August 2026, with employment types broken down into 1% Internship, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 84% Physical, 5% Hybrid, and 11% Remote job distribution, with an average salary of $116,934 per year, or $56.2 per hour.

Senior Credit Risk Analyst

Alliant

Chicago, IL • On-site

$84K - $131K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 11 days ago

Job description

In this hybrid role based at our Chicago Headquarters, you will develop and review credit policies and strategies as well as data and analytical frameworks for loan origination and loss forecasting. Review relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Perform evaluation, implementation and monitoring of third-party and in-house scoring solutions. Perform model and strategy testing and assist with audit/regulatory requests. Work cross-functionally with other teams such as Advanced Analytics, Lending, Loan Servicing, Marketing, Finance, and Data Service teams, preparing underwriting and account management presentations to management for review and implementation.
Essential Responsibilities
  • Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within the risk appetite.
  • Review and monitor credit risk for credit cards, and recommend/implement line management, pricing and authorization strategies.
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis.
  • Provide support and rule recommendations for loan origination system implementation and maintenance.
  • Provide data and analytics support to assess risk with respect to future new and enhanced lending products as well as potential loan trading transactions.
  • Assess analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation.
  • Query the data warehouse and other databases with tools such as SAP Business Objects / Microsoft SQL Server Management Studio to extract, summarize, and save relevant data.
  • Drive improvements by utilizing statistical techniques in test set-up to more accurately assess effectiveness of proposed risk strategies.
  • Work with other teams such as Advanced Analytics to design and build predictive models in tools such as Python/R/SAS.
  • Evaluate, implement, and monitor third-party scoring solutions.
  • Prepare supporting information and present findings to management.
  • Generate periodic reports for audit and regulatory compliance and assist with ad hoc requests.
  • Help formulate and revise credit policies and procedures to address new regulations.

Education & Years of Experience
  • Minimum- 4 Year Bachelors Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Preferred - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Minimum - 3 Years Experience in credit risk analytics within financial services

In Lieu of Education
  • 5 Years Experience in credit risk analytics within financial services

Compensation & Benefits:
Typical hiring range: $84,200.00 to $131,000.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Apply