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Contract Probabilistic Risk Analysis Engineer Jobs in Villa Park, IL

Adyen

Senior Financial Risk Analyst

Chicago, IL · On-site

$125 - $170/hr

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 ...

Google

Senior Data Engineer, gTech Risk

Chicago, IL · On-site

$88K - $111K/yr

Experience with Python or R for statistical analysis and model development. * Experience in SQL and ... Partner with core Data Science and Engineering teams to transition our risk analysis from reactive ...

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All JobsContract Probabilistic Risk Analysis Engineer JobsContract Probabilistic Risk Analysis Engineer Jobs in Villa Park, IL

Contract Probabilistic Risk Analysis Engineer information

See Villa Park, IL salary details

$37.5K

$114.4K

$189K

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

As of Sep 5, 2026, the average yearly pay for contract probabilistic risk analysis engineer in Villa Park, IL is $114,360.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,900.00 and $149,500.00 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.

What cities near Villa Park, IL are hiring for Contract Probabilistic Risk Analysis Engineer jobs?

Cities near Villa Park, 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 Villa Park, IL as of August 2026, with employment types broken down into 82% Full Time, 14% Part Time, and 4% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $114,360 per year, or $55 per hour.

Commercial Credit Risk Analytical Consultant

Equifax, Inc.

Chicago, IL • On-site

$120 - $150/hr

Other

Re-posted 6 days ago

Equifax rating

7.5

Company rating: 7.5 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

Job description

Equifax is currently looking for a Commercial Credit Risk Analytical Consultant to join our Commercial team. This role is focused on providing pre- and post-sales consulting on technical and analytical solutions. The specialist will work in partnership with Sales and the broader Technology/Analytics organization to demonstrate innovative solutions and provide exceptional value-add to address our customers' objectives. This position involves traveling to customer sites as needed for collaborative assignments.

What you’ll do
  • Support commercial lending clients implementing Equifax’s credit risk and portfolio management solutions
  • Consult clients on how best to use these Equifax’s solutions to proactively manage their commercial credit risk, improve their portfolio management capabilities, and to assist in their capital planning processes
  • Provide technical support to clients relating to Equifax’s commercial risk products, primarily Equifax’s Absolute Probability of Default and other portfolio management products
  • Provide training and demos on Equifax’s commercial risk solutions
  • Participate in Client Business Reviews and leverage Equifax’s solutions and data to provide statistics on client portfolios and to consult on optimizing client’s portfolio management strategies
  • Work closely with clients to help answer product related questions or to research potential issues associated with Equifax’s portfolio management and commercial risk products
  • Analyze the performance of Equifax commercial risk solutions, institutions' own risk ratings or models, and current credit/risk practices to produce proof of concept analytics for prospective clients and to inform strategy recommendations for existing clients
  • Be able to explain Equifax solutions, analyses, and findings to internal stakeholders and external customers
  • Collaborate with other Analytics professionals, Sales, Operations, I.T. staff, and management to support Equifax's customers' needs and to consult customers on designing credit risk strategies leveraging Equifax’s products
  • Work on a variety of other projects, as they arise
  • Travel: up to 10% (e.g. once per month, usually a day trip or one night stay)
What experience you need
  • Minimum 5 years of professional experience are required
  • 3+ years Client Facing experience/post sales support experience
  • Three or more years of experience in Credit, Risk, Collections, or Portfolio management related roles
  • College degree, preferably in a business/finance/economics major or a quantitative major (mathematics/statistics), or relevant experience
  • Consistent with Equifax’s 4/1+ 10 flexible work framework, a willingness to work Monday - Thursday in Equifax’s Chicago-based office.
What could set you apart
  • Master’s Degree
  • Client facing or Consulting experience within financial services or commercial lending spaces
  • Fluent English and strong verbal and written communications skills
  • Knowledge of SQL or other similar programming languages and tools
  • Coursework or practical experience with Accounting and Statistics, particularly analyzing and working with very large datasets or lending portfolios

Position does not offer immigration sponsorship or support, including F-1 STEM OPT extension support.

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About Equifax

Sourced by ZipRecruiter

As a global data, analytics, and technology company, we play an essential role in the economy by helping companies in diverse industries such as automotive, communications, utilities, financial services, fintech, healthcare, insurance, mortgage, professional services, retail, e-commerce, and government agencies, make critical decisions with greater confidence.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Atlanta, GA, US

Year founded

1899

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