1

Contract Probabilistic Risk Analysis Engineer Jobs in Orem, UT

Responsibilities The Analyst I, Vendor Risk works closely with vendor relationship owners to ensure ... Conduct pre-contract due diligence and post-contract monitoring tailored to each third party's risk ...

Perform broader sector analysis in order to assess industry fundamentals and portfolio trends ... Bachelor's degree in Finance, Accounting, Economics, Statistics, Engineering or related field * 2 ...

Perform broader sector analysis in order to assess industry fundamentals and portfolio trends ... Bachelor's degree in Finance, Accounting, Economics, Statistics, Engineering or related field * 2+ ...

Perform broader sector analysis in order to assess industry fundamentals and portfolio trends ... Bachelor's degree in Finance, Accounting, Economics, Statistics, Engineering or related field * 2 ...

... Risk Analysis (DFMEA, PFMEA, NUDD and Lessons Learned) to ensure high risk items are addressed ... Experience conducting IPQC, first-article inspections (FAI), site audits at contract manufacturers ...

... Risk Analysis (DFMEA, PFMEA, NUDD and Lessons Learned) to ensure high risk items are addressed ... Experience conducting IPQC, first-article inspections (FAI), site audits at contract manufacturers ...

next page

Showing results 1-20

Contract Probabilistic Risk Analysis Engineer information

See Orem, UT salary details

$33K

$100.7K

$166.5K

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

As of Jun 28, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Orem, UT is $100,729.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,200.00 and $131,700.00 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, 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 popular job titles related to Contract Probabilistic Risk Analysis Engineer jobs in Orem, UT? For Contract Probabilistic Risk Analysis Engineer jobs in Orem, UT, the most frequently searched job titles are:
What job categories do people searching Contract Probabilistic Risk Analysis Engineer jobs in Orem, UT look for? The top searched job categories for Contract Probabilistic Risk Analysis Engineer jobs in Orem, UT are:
Infographic showing various Contract Probabilistic Risk Analysis Engineer job openings in Orem, UT as of June 2026, with employment types broken down into 1% As Needed, 80% Full Time, 18% Part Time, and 1% Temporary. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $100,729 per year, or $48.4 per hour.
Risk Analyst I

Full-time

Posted 3 days ago


InComm Payments rating

8.5

Company rating: 8.5 out of 10

Based on 5 frontline employees who took The Breakroom Quiz


Job description

Overview

When you think of InComm Payments, think of Innovative Payments Technology. We were founded over 30 years ago and continue to be a pioneer in the payment (FinTech) industry. Since our inception, we have grown to be a team of over 3,000 employees in 35 countries around the world. We own over 400 global technical patents and a network that includes over 525,000 points of retail distribution that points to our industry expertise.

InComm Payments works with the most recognized and valued brands in the world, and we are partnered with most of the world’s leading merchants. InComm Payments is highly focused on our people and their growth, and we work hard to make a career at InComm Payments meaningful and rewarding. We value innovation, quality, passion, integrity, and responsibility in all that we do, and we are looking for great people to join our team as we move forward towards a very bright future.

You can learn more about InComm Payments by visiting our Website or connecting with us on LinkedIn, YouTube, Twitter, Facebook, or Instagram.


About This Opportunity

The Vendor Risk Management (VRM) team partners with business units to assess and manage risks across the supplier portfolio, ensuring consistency, quality, and transparency. The VRM program is evolving to incorporate comprehensive risk assessment requirements for outsourcing activities worldwide. Our goal is to establish a centrally managed framework and process that empowers the business to achieve regulatory compliance, maintain visibility over third-party risk posture, and effectively manage risks throughout the onboarding and ongoing oversight of third-party vendors, while supporting agility in operations.


Responsibilities

The Analyst I, Vendor Risk works closely with vendor relationship owners to ensure all third-party vendors are appropriately assessed and documented in accordance with corporate policies, contractual obligations, and applicable regulations. Key responsibilities include:

  • Collaborate with vendor relationship owners to maintain up-to-date records in the VRM toolset.
  • Conduct pre-contract due diligence and post-contract monitoring tailored to each third party’s risk profile, geography, and business function.
  • Ensure timely completion and accurate updates of third-party risk assessments; track and follow up on outstanding items.
  • Monitor compliance with third-party management policies by reviewing reports and confirming required due diligence and monitoring activities are completed.
  • Facilitate and support Subject Matter Experts (SMEs) in areas such as Data Privacy, Information Security, Business Continuity, and Compliance to execute due diligence processes.
  • Implement and oversee vendor risk monitoring activities, utilizing established metrics and tools as required.
  • Respond promptly to vendor risk management inquiries via email, phone, and Microsoft Teams.

Qualifications
  • Minimum 3 years of experience in financial services, with 1–2 years specifically in risk management or vendor risk management (including risk assessment, control identification, and risk reporting).
  • Experience in risk management, financial services, or related fields.
  • Strong interpersonal, analytical, and problem-solving skills.
  • Proven ability to manage multiple priorities efficiently.
  • Effective communication skills for interaction with peers and cross-functional teams.
  • Proficiency with Office365 tools and applications.

InComm Payments provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, citizenship, veteran’s status, age, disability status, genetics or any other category protected by federal, state, or local law.

 

*This position is eligible for the Employee Referral Bonus Program - Tier III

#LI-LW1

Qualifications:
  • Minimum 3 years of experience in financial services, with 1–2 years specifically in risk management or vendor risk management (including risk assessment, control identification, and risk reporting).
  • Experience in risk management, financial services, or related fields.
  • Strong interpersonal, analytical, and problem-solving skills.
  • Proven ability to manage multiple priorities efficiently.
  • Effective communication skills for interaction with peers and cross-functional teams.
  • Proficiency with Office365 tools and applications.

InComm Payments provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, citizenship, veteran’s status, age, disability status, genetics or any other category protected by federal, state, or local law.

 

*This position is eligible for the Employee Referral Bonus Program - Tier III

#LI-LW1

Education:UNAVAILABLEEmployment Type: FULL_TIME