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Probabilistic Risk Analysis Engineer Jobs in New York

Portfolio Risk Manager

Manhattan, NY · On-site

$160K - $190K/yr

The Portfolio Analytics and Monitoring ("PAM") team operates within the Portfolio Risk function as ... Mathematics, Statistics, Engineering, or related discipline is preferred. Professional ...

Treasury Risk Analyst

Manhattan, NY · On-site

$100K - $130K/yr

Collect, analyze, and scrutinize liquidity risk data from various departments, and update stress ... Bachelor's degree or equivalent, in finance, economics, data processing and programming with 5+ ...

Collect, analyze, and scrutinize liquidity risk data from various departments, and update stress ... Bachelor's degree or equivalent, in finance, economics, data processing and programming with 5+ ...

Showing results 41-60

Probabilistic Risk Analysis Engineer information

See New York salary details

$41.6K

$126.8K

$209.5K

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

As of Aug 16, 2026, the average yearly pay for probabilistic risk analysis engineer in New York is $126,760.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,800.00 and $165,700.00 per year, depending on experience, location, and employer.

What is a probabilistic risk analysis engineer?

A Probabilistic Risk Analysis Engineer evaluates and quantifies risks in complex systems using statistical methods and mathematical models. They assess uncertainties, predict potential failures, and recommend mitigation strategies for industries such as aerospace, nuclear energy, and finance. Their work involves analyzing data, running simulations, and developing probabilistic models to improve safety, reliability, and decision-making.

What are the key skills and qualifications needed to thrive as a probabilistic risk analysis engineer?

To thrive as a Probabilistic Risk Analysis Engineer, you need a strong background in engineering, mathematics, and statistics, often supported by a relevant degree and experience in quantitative risk assessment. Familiarity with Monte Carlo simulation tools, reliability software (such as @RISK or ReliaSoft), and professional certifications like Professional Engineer (PE) or Certified Reliability Engineer (CRE) are highly valuable. Strong analytical thinking, attention to detail, and the ability to clearly communicate complex findings to diverse stakeholders are crucial soft skills. These competencies ensure accurate risk modeling and effective collaboration with multidisciplinary teams in high-stakes engineering projects.

What are common challenges faced by probabilistic risk analysis engineers, and how do they overcome them?

Probabilistic Risk Analysis Engineers often face the challenge of working with incomplete or uncertain data while needing to deliver precise risk assessments for critical systems. They overcome this by employing advanced statistical methods, sensitivity analyses, and by collaborating with subject matter experts across engineering, safety, and operations teams to refine models and assumptions. Clear communication is essential, as engineers must translate technical results into actionable insights for decision-makers. Staying current with industry standards and continuously improving modeling techniques also helps them address evolving project requirements. This dynamic environment supports ongoing skill development and offers opportunities for professional growth in reliability, safety, and systems engineering.

What are the most commonly searched types of Probabilistic Risk Analysis Engineer jobs in New York?

The most popular types of Probabilistic Risk Analysis Engineer jobs in New York are:

What are popular job titles related to Probabilistic Risk Analysis Engineer jobs in New York?

For Probabilistic Risk Analysis Engineer jobs in New York, the most frequently searched job titles are:

What job categories do people searching Probabilistic Risk Analysis Engineer jobs in New York look for?

The top searched job categories for Probabilistic Risk Analysis Engineer jobs in New York are:

Infographic showing various Probabilistic Risk Analysis Engineer job openings in New York as of August 2026, with employment types broken down into 1% Internship, 80% Full Time, 15% Part Time, 1% Temporary, and 3% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $126,760 per year, or $60.9 per hour.

Risk, Market Risk, Associate, New York

Goldman Sachs, Inc.

New York, NY • On-site

Full-time

Re-posted 3 days ago


Goldman Sachs rating

8.3

Company rating: 8.3 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

47th of 171 rated banks


Job description

Risk Division

The Risk Division, as second line of defense for the firm, identifies, anticipates, measures and mitigates - whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses. Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm's ability to serve our clients as a leader in global financial markets.

Market Risk Overview

Market Risk (MR) are part of the Risk division and are responsible for effective deployment of the firm's market risk appetite, prudent risk management and regulatory compliance for the Firm's market risks. This is achieved through the proactive application of expert knowledge, judgement and risk management capabilities including limit setting. Activities are centered on Risk management and analysis, transparency and escalation of Risk, Supervision and overall process improvement.

You will work closely with colleagues around the globe on tasks and projects that contribute directly to the firm's success. MR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

Responsibilities

  • Evaluate market risk taking behavior and influence outcomes through portfolio and transaction level risk analysis as well as risk limit calibration and setting
  • Understand factors and events that could lead to an impact on the financial markets, and analyze their impact on the firm's portfolios
  • Perform pro-active ad hoc stress tests ahead of notable market events
  • Ensure that issues are promptly escalated to senior management.
  • Direct the implementation of new risk measures and improvements to existing measures using knowledge of risk management and communicating directly with senior management on risk-related issues.
  • Review and challenge risk taking activities while engaging effectively with traders/bankers
  • Monitor adherence to established risk limits and ensuring that material risks are effectively communicated to senior management.
  • Maintain shared responsibility for signing off on the Market Risk approval process for new products traded by the businesses covered.
  • Operate at an intersection of risk appetite and conducting business.
  • Improve commercial impact and effective personnel performance under a robust control environment

Qualifications

  • Strong academic record in quantitative discipline, with Bachelor's/Master's degree in STEM field (Science, Technology, Engineering, Mathematics) preferred.
  • Demonstrable knowledge of core market risk principles, metrics, and financial instruments, with prior experience in Equities and Derivatives preferable. Coding skills will be a plus.
  • Ability to collaborate with people from different departments and levels of seniority
  • Ability to communicate complex information directly with senior management
  • 3-5 years' experience in the industry/a relevant role

What Goldman Sachs employees say

Pay

Benefits

Hours and flexibility

Workplace

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About Goldman Sachs

Sourced by ZipRecruiter

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1869