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Freelance Probabilistic Risk Analysis Engineer Jobs in Chicago, IL

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis ... Minimum- 4 Year Bachelors Degree in Mathematics, Statistics, Quantitative Finance, Engineering ...

Program Engineer

North Chicago, IL · On-site

$55.26 - $69.07/hr

Lead planning and coordination of creating use-related risk analysis activities across all assigned programs. * Facilitate cross-functional meetings to drive development of use-related risk analyses ...

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 ...

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 ...

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 ...

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 ...

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 ...

Principal Credit Risk Analyst

Chicago, IL · On-site

$119K - $204K/yr

Conduct third-party quarterly mortgage & consumer loan portfolio performance analysis. * Provide ... Minimum - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Financial Engineering ...

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

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 ...

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

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

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

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

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

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

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$106K - $130K/yr

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

Collaborate with Risk Management, Legal, Data Engineering, BI, Data Governance, and MLOps partners ... Experience with NLP or text analytics, including narrative cleaning, text classification ...

Showing results 21-40

Freelance Probabilistic Risk Analysis Engineer information

See Chicago, IL salary details

$15

$49

$136

How much do freelance probabilistic risk analysis engineer jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for freelance probabilistic risk analysis engineer in Chicago, IL is $49.15, according to ZipRecruiter salary data. Most workers in this role earn between $25.00 and $63.65 per hour, depending on experience, location, and employer.

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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.