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Internship Probabilistic Risk Assessment Jobs in Bronx, NY

Paco Group

Project Risk Specialist

New York, NY · On-site

$45 - $65/hr

... assessments.Understanding of cost and schedule risk integration, contingency development, and ... Ability to analyze and interpret probabilistic risk data and assist in communicating key risk ...

The Port Authority of NY & NJ

Chief Estimator

Jersey City, NJ · On-site

$134.60K - $178.50K/yr

... probabilistic risk assessments * independent cost validation for billion-dollar programs ensuring realistic, defensible and competitive budgets before procurement * integration with engineering ...

Initio Capital

Portfolio Risk Analyst

New York, NY · On-site

$145K - $185K/yr

... Internship, Casual Hybrid | New York, NY, United States Portfolio Risk Analyst - Initio Capital ... Partner with portfolio managers to assess and mitigate risks associated with new investments and ...

Initio Capital

Due Diligence Analyst

New York, NY · On-site

$145K - $185K/yr

... Internship, Casual Hybrid | New York, NY, United States Due Diligence Analyst - Initio Capital ... risk assessment. Actual openings vary depending on employer needs. For more information on the ...

Red Bull

2026 Internship, Summer - Stadium Events

Harrison, NJ · On-site

$13.50 - $16.75/hr

Purpose of this Internship The purpose of this role is to support Sports Illustrated Stadium ... Develop a strong understanding of venue economics, technical requirements, risk assessment, and the ...

Touro University

Internal Audit Associate

Manhattan, NY · On-site

$64K - $80K/yr

Execute internal audit risk assessments through data analysis and risk identification under ... Coordinate internship program activities, including recruiting, onboarding, and monitoring interns ...

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Internship Probabilistic Risk Assessment information

What are the key skills and qualifications needed to thrive as an Internship Probabilistic Risk Assessment, and why are they important?

To thrive as an Internship Probabilistic Risk Assessment, you need a solid background in mathematics, statistics, and engineering principles, often supported by coursework in risk analysis or reliability engineering. Familiarity with risk assessment software (such as SAPHIRE, RiskSpectrum, or CAFTA), statistical programming languages like Python or R, and relevant data analysis tools is typically expected. Strong analytical thinking, attention to detail, and effective communication help interns interpret complex data and convey findings clearly to multidisciplinary teams. These skills are essential for accurately identifying potential risks and contributing to safety and decision-making processes in technical industries.

What are some typical projects or tasks an intern in Probabilistic Risk Assessment can expect to work on?

As an intern in Probabilistic Risk Assessment, you can expect to be involved in tasks such as data collection and analysis, developing risk models, and assisting senior analysts in evaluating the likelihood and impact of various risk scenarios. You may also help prepare reports or presentations that communicate risk findings to other teams. Collaboration with engineers, data scientists, and subject matter experts is common, as risk assessment often draws on diverse expertise to ensure accurate modeling and interpretation. This hands-on experience provides valuable insight into both the technical and communicative aspects of risk assessment in a professional setting.

What is an Internship in Probabilistic Risk Assessment?

An Internship in Probabilistic Risk Assessment (PRA) is a temporary position where students or recent graduates gain hands-on experience analyzing and quantifying risks associated with complex systems, often in industries like nuclear energy, aerospace, or engineering. Interns typically assist in developing mathematical models, performing simulations, and interpreting data to identify potential hazards and their likelihood. This role helps interns build practical skills in risk analysis, data interpretation, and technical communication under the guidance of experienced professionals.

What is the difference between Internship Probabilistic Risk Assessment vs Probabilistic Risk Assessment?

AspectInternship Probabilistic Risk AssessmentProbabilistic Risk Assessment
CredentialsTypically students or entry-level professionals with basic knowledgeProfessionals with specialized certifications or advanced degrees
Work EnvironmentInternship settings, training programs, or entry-level projectsFull-time roles in engineering, safety, or risk analysis teams
Industry UsageEducational and training purposes, entry-level exposureOperational risk assessments in industries like nuclear, oil & gas, or aerospace

Internship Probabilistic Risk Assessment is an entry-level, training-focused role for students or new professionals, often part-time or temporary. Probabilistic Risk Assessment is a professional, full-time role involving detailed risk analysis in high-stakes industries. The internship provides foundational experience, while the full role involves advanced analysis and decision-making.

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What cities near Bronx, NY are hiring for Internship Probabilistic Risk Assessment jobs? Cities near Bronx, NY with the most Internship Probabilistic Risk Assessment job openings:
Internship Probabilistic Risk Assessment jobs near you

Project Risk Specialist

Paco Group

New York, NY • On-site

$45 - $65/hr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 24 days ago

Job description

Employment Type:
Full time
Knowledge, Skills, & Abilities:
Demonstrated ability to support the development, maintenance, and updating of Project Risk Registers for multi-phase capital projects, including documentation of risk events, impacts, mitigation measures, and residual risk.Working knowledge of project risk management principles and industry practices, including familiarity with AACE International risk management frameworks and their application to cost and schedule risk assessments.Understanding of cost and schedule risk integration, contingency development, and related project controls concepts, with basic familiarity with earned value management (EVM) principles.Ability to analyze and interpret probabilistic risk data and assist in communicating key risk drivers, trends, and potential impacts to project teams and management in a clear, actionable manner.Experience supporting public-sector or owner agencies, including Federal, State, City, or Local agencies such as the Port Authority of NY & NJ, MTA operating agencies, or similar public owners.Strong organizational, analytical, and communication skills, with the ability to support collaborative workshops, coordinate with multidisciplinary teams, and manage multiple assignments concurrently.
Education Requirements:
Bachelor's degree in Engineering, Construction Management, Project Controls, Business Administration, Economics, Accounting, or a related discipline.
Hourly Rate:
$45-65
Position Overview:
PACO Group (PACO) is seeking a Project Risk Specialist to support the identification, assessment, quantification, mitigation, and reporting of project risks on major transportation and infrastructure programs, with a particular emphasis on assignments for the Port Authority of New York and New Jersey (PANYNJ).
This position builds upon PACO Group's baseline risk management role and incorporates Port Authority-specific requirements associated with Project Risk Management Services provided on a call-in basis under applicable PMO agreements. The Project Risk Specialist will support both Capital and Non-Capital projects and assist with risk activities across planning, design, procurement, and construction phases in accordance with Authority standards, tools, and procedures.
The role requires availability for immediate assignment, coordination with Port Authority project teams, and the ability to support multiple concurrent risk management efforts.
Key Responsibilities and Duties:
The Project Risk Specialist shall perform services consistent with PACO Group's baseline scope, expanded and refined to meet Port Authority requirements. Responsibilities include, but are not limited to, the following:
A. General Risk Management Responsibilities
  • Support the development, implementation, and maintenance of Project Risk Management Plans aligned with Port Authority standards and project requirements.
  • Assist in identifying, assessing, and scoring project risks affecting cost, schedule, scope, and delivery.
  • Maintain and update Risk Registers using Authority-provided templates, documenting probability, impact, mitigation strategies, and residual risk.
  • Support management and oversight of project risk management efforts associated with Capital and Non-Capital projects at multiple Authority facilities.
  • Assist in recommending improvements to risk management processes, procedures, and reporting practices.

B. Risk Assessment Preparation
  • Compile and review project information including engineering documentation, construction cost estimates, and project schedules.
  • Assist in planning risk assessment efforts to support project authorization and decision-making milestones.
  • Coordinate with Authority stakeholders to support the formation of risk assessment teams.
  • Assist in establishing schedules, milestones, and deliverables for Project Risk Assessment reports.

C. Engineering, Cost, and Schedule Review
  • Assist with independent review of project scope, cost estimates, and schedules to confirm alignment with documented scope.
  • Support validation sessions with Authority staff, as required.
  • Where schedules are incomplete or unavailable, assist project teams in developing Primavera P6 schedules of sufficient detail to support schedule risk modeling, using the Authority's standard platform.

D. Risk Assessment Workshops
  • Support the organization and facilitation of Project Risk Assessment Workshops as directed by the Authority.
  • Assist in eliciting input from subject matter experts regarding risk events, likelihood, and impacts.
  • Document risks in the Authority's Risk Register with sufficient detail to support analysis and reporting.
  • Support structured risk scoring to inform cost and schedule contingency development.

E. Quantitative Risk Analysis and Modeling
  • Support Quantitative Risk Assessments (QRA) for cost and schedule.
  • Assist with Monte Carlo risk modeling using Authority-approved tools, including:
    • Lumivero / Palisade @Risk (Excel add-in)
    • Primavera Risk Analysis
  • Support integration of risk analysis outputs into project baselines and contingency assessments.

F. Risk Mitigation Workshops
  • Support Risk Mitigation Workshops to present modeling results and assist in identifying feasible mitigation strategies.
  • Assist in documenting mitigation measures, estimated effectiveness, costs, and implementation durations.

G. Project Risk Assessment Reporting
  • Assist in preparing draft and final Project Risk Assessment Reports in accordance with Port Authority requirements.
  • Reports may include:
    • Executive Summary
    • Project Description and Objectives
    • Workshop notes, cost and schedule inputs, and key assumptions
    • Completed Risk Register
    • Risk modeling results and contingency outcomes
    • Discussion of findings and recommendations
  • Support delivery of electronic risk models compatible with Authority software platforms.

H. Ongoing Risk Management Support Services
  • Support ancillary risk management services including briefings, continuous improvement efforts, and risk management training.

I. Lessons Learned Support
  • Support Lessons Learned Workshops and assist in preparing draft and final Lessons Learned Reports addressing:
    • Issue background
    • Key successes and challenges
    • Significant impacts
    • Lessons learned
    • Recommendations and corrective actions

Required Qualifications:
  • Bachelor's degree in Engineering, Construction Management, Project Controls, Accounting, Economics, Business Administration, or a related discipline.
  • Minimum 3 years of relevant experience performing project risk assessments, including workshops, analyses, and report preparation.
  • Working knowledge of project risk management principles.
  • Experience supporting risk assessment activities on infrastructure or transportation projects.
  • Familiarity with risk management software tools such as @Risk, Primavera Risk Analysis, and Primavera P6.
  • Ability to communicate technical and analytical information clearly.

Preferred Qualifications:
  • Experience supporting transportation, infrastructure, aviation, marine, port, tunnel, bridge, roadway, or facility projects.
  • Experience working with public-sector or owner agencies such as the Port Authority, MTA, NJ Transit, or similar entities.
  • Project Management or Risk Management certification (PMP, PMI-RMP, DRMP) preferred but not required.
  • Experience supporting design-build or alternative delivery project

Skills and Competencies:
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook, SharePoint, Teams).
• Familiarity with Primavera P6, Primavera Risk Analysis, and @Risk.
• Strong analytical and problem-solving skills.
• Ability to support collaborative workshops and manage multiple tasks concurrently.
• Effective written, verbal, and interpersonal communication skills.
Work Environment and Schedule:
  • Services primarily performed at Port Authority facilities within the Port District, including 4 World Trade Center, with assignments at various Authority facilities as required.
  • Hybrid, on-site, or field-based work depending on assignment needs.
  • Ability to travel between job sites within the New York / New Jersey region.
  • Compliance with Authority safety, security, and work-site requirements, including obtaining a SWAC ID and associated clearances.

Compensation:
  • The good-faith salary range for this position is $45-$65 per hour, depending on experience, qualifications and client requirements.
  • Candidates with greater depth of experience or specialized expertise may fall toward the higher end of the range, and exceptional candidates may be considered for compensation outside of this range, consistent with client budget and company policy.

Benefits Summary:
  • 401(k) and 401(k) Employer Matching.
  • Health Insurance.
  • Dental Insurance.
  • Group Life Insurance, LTD and AD&D.
  • Paid Time Off.
  • Paid Holidays.
  • Professional Development Assistance.

EEO Diversity Statement:
PACO Group, Inc. is committed to furthering opportunities for everyone in the national construction market. The firm periodically reaffirms this commitment through an active affirmative action plan. It provides Equal Employment Opportunities (EEO) to all employees without unlawful discrimination regarding race, creed, color, national origin, sex, age, disability, marital status, religion, military status, pregnancy, sexual orientation, or citizenship status. As an equal opportunity employer, we have recruited, hired, promoted, and retained an ethnically and socially diverse professional staff. Our efforts to date have produced

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