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Probabilistic Risk Analysis Engineer Jobs in New York

Alpaca

Market Risk Analyst

New York, NY

Perform daily monitoring of Value-at-Risk (VaR), stress testing, and sensitivity analysis. * Margin Architecture: Collaborate with Engineering and Product teams to refine and stress-test our Margin ...

STX Group

Risk Analyst

New York, NY · On-site

$75 - $100/hr

Support daily P&L attribution analysis and provide clear explanations of key drivers on the ... Bachelor's degree in economics, mathematics, engineering, finance, or a related field. * 3+ years ...

Brown Advisory

Investment Risk Analyst

New York, NY · On-site

Collaborate and discuss investment risk analysis with portfolio managers and other investment ... Experience in programming languages (VBA, R, Python, etc.) preferred * Strong experience in ...

Morgan Stanley

Market Risk Analyst

New York, NY · Hybrid

$75K - $95K/yr

This encompasses risk monitoring and analysis, as well as reporting, capital calculation and ... including direct programming of solutions. >Candidate must have the ability to communicate ...

Paco Group

Risk Manager - PACO Group, Inc

New York, NY · On-site

$100 - $120/hr

Quantitative Analysis • Build cost- and schedule-risk models; run Monte Carlo simulations (10k ... Advanced knowledge of CPM scheduling, cost engineering, and earned-value principles. * Strong ...

Network Temp Inc

Treasury Risk Analyst

Manhattan, NY · On-site

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+ ...

Network Temp Inc

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+ ...

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Probabilistic Risk Analysis Engineer information

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$41.6K

$126.8K

$209.5K

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

As of Jun 9, 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 job?

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 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 key skills and qualifications needed to thrive in the Probabilistic Risk Analysis Engineer position, and why are they important?

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 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:
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Probabilistic Risk Analysis Engineer jobs near you
Infographic showing various Probabilistic Risk Analysis Engineer job openings in New York as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $126,760 per year, or $60.9 per hour.
Market Risk Analyst

Market Risk Analyst

Alpaca

New York, NY

Full-time

Posted 11 days ago

Job description

Who We Are:

Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series D funding round brought our total investment to over $320 million, fueling our ambitious vision.

Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 9 million brokerage accounts.

Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.

Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.

Our Team Members:

We're a dynamic team of 380+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

About the Role

We are looking for a highly analytical and driven Market Risk Analyst to join our growing Risk team. As we expand our product suite into high-leverage and complex instruments we need a specialist who can ensure our growth is sustainable and our exposures are rigorously managed.

In this role, you won't just be "watching the screens." While your primary focus is Market Risk, you will be a member of a team building a world-class Enterprise Risk Management (ERM) function. You will bridge the gap between deep quantitative trading risks and the broader strategic risk landscape, providing generalist support across operational, liquidity, and credit risk domains.

What You'll Be Doing
  • Market Risk Management: Design, implement, and monitor risk limits for new products. Perform daily monitoring of Value-at-Risk (VaR), stress testing, and sensitivity analysis.
  • Margin Architecture: Collaborate with Engineering and Product teams to refine and stress-test our Margin engine, ensuring margin requirements accurately reflect cross-product offsets and tail risks.
  • ERM Framework Development: Assist in the design and roll-out of the Enterprise Risk Management framework. This includes defining Risk Appetite Statements (RAS), maintaining the Risk Register, and developing Key Risk Indicators (KRIs) that span across the organization.
  • New Product Approval (NPA): Act as the risk lead for the launch of new products, identifying unique risks associated with event-based binary outcomes and liquidity fragmentation.
  • Stress Testing & Scenario Analysis: Develop forward-looking scenarios (including "black swan" events) to assess the impact of market volatility on the firm's capital and liquidity positions.
  • Cross-Functional Support: Support the wider Risk team in Operational Risk assessments, internal audits, and regulatory reporting requirements.
  • Automation & Reporting: Build automated risk dashboards and reporting tools using SQL/Python to provide real-time insights to the Chief Risk Officer and Senior Management.
What You'll Need
  • Experience: 2–5 years of experience in Market Risk, Middle Office, or Quantitative Analysis within a fintech, hedge fund, or high-frequency trading environment.
  • Product Knowledge: Deep understanding of derivatives (Futures/Options) and margin mechanics. Experience with Prediction Markets or event-driven trading is a significant plus.
  • ERM Familiarity: A solid understanding of the "Three Lines of Defense" model and a desire to contribute to broader risk governance beyond just market data.
  • Quantitative Skills: Proficiency in SQL and Python (or R) for data analysis. You should be comfortable handling large datasets and building your own risk models.
  • Problem Solving: The ability to operate in a "gray area" defining risk parameters for novel products that may not have established industry benchmarks.
  • Communication: Ability to distill complex quantitative risks into actionable insights for non-technical stakeholders and executive leadership.
  • Education: A degree in a quantitative field (Finance, Mathematics, Physics, Economics, or Engineering). Financial Risk Manager (FRM) or CFA designation is a plus.
Nice to Have
  • Experience in a high-growth startup environment.
  • Direct experience with SPAN or TIMS margin methodologies.
  • Familiarity with regulatory frameworks (e.g., SEC/FINRA, CFTC, or international equivalents) regarding margin and capital requirements.
How We Take Care of You:
  • Competitive Salary & Stock Options
  • Health Benefits
  • New Hire Home-Office Setup: One-time USD $500
  • Monthly Stipend: USD $150 per month via a Brex Card

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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