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Probabilistic Risk Analysis Engineer Jobs in Houston, TX

Expand Energy

Quantitative Risk Analyst

Spring, TX · On-site

Provide analysis of risk drivers, spread movements, optionality value, and changes in valuation or ... Additional programming capability in one or more of SQL, C#, C++, VBA, or similar languages.

Expand Energy

Quantitative Risk Analyst

Spring, TX

Provide analysis of risk drivers, spread movements, optionality value, and changes in valuation or ... Additional programming capability in one or more of SQL, C#, C++, VBA, or similar languages.

Fervo Energy

Completions Engineer

Houston, TX

$76K - $103K/yr

... probabilistic estimates. Support well planning and operational scheduling activities in ... Operational Learning, Risk Management & Field Engagement Apply risk assessment, hazard analysis ...

Socotec

Project Geotechnical Engineer

Houston, TX · On-site

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

Socotec

Project Geotechnical Engineer

Houston, TX

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

SOCOTEC

Project Geotechnical Engineer

Houston, TX · On-site

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

SOCOTEC

Principal Geotechnical Engineer

Houston, TX · On-site

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

Socotec

Principal Geotechnical Engineer

Houston, TX

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

Socotec

Principal Geotechnical Engineer

Houston, TX

... risk, enhance quality, and provide advice on its impacts. Our engineering professionals specialize in failure analysis, non-destructive engineering, fitness for service, probabilistic analysis ...

Subsea7

Engineer Level II - Pre Comm

Houston, TX · On-site

Coordinate the engineering activities and the offshore operations for the umbilical pre ... Participate in project risk analysis review, constructability review, HIRA sessions, operation ...

Subsea7

Engineer Level II - Pre Comm

Houston, TX

Coordinate the engineering activities and the offshore operations for the umbilical pre ... Participate in project risk analysis review, constructability review, HIRA sessions, operation ...

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Probabilistic Risk Analysis Engineer information

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$36.3K

$110.6K

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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 Houston, TX is $110,647.00, according to ZipRecruiter salary data. Most workers in this role earn between $79,300.00 and $144,700.00 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 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 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 the most commonly searched types of Probabilistic Risk Analysis Engineer jobs in Houston, TX?

The most popular types of Probabilistic Risk Analysis Engineer jobs in Houston, TX are:

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

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The top searched job categories for Probabilistic Risk Analysis Engineer jobs in Houston, TX are:

Probabilistic Risk Analysis Engineer jobs near you
Infographic showing various Probabilistic Risk Analysis Engineer job openings in Houston, TX as of August 2026, with employment types broken down into 1% Internship, 86% Full Time, 10% Part Time, and 3% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $110,647 per year, or $53.2 per hour.

Quantitative Risk Analyst

Expand Energy

Spring, TX • On-site

Full-time

Re-posted 27 days ago

Job description

Our core values - Stewardship, Character, Collaborate, Learn, Disrupt - are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Expand's performance among our E&P competitors.
We seek applicants from all backgrounds to ensure we get the best, most creative talent on our team. We realize that, historically, underrepresented groups feel the need to be 100% qualified in order to apply. If you meet any combination of our requirements, we encourage you to apply. We strive to hire people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger.
Job Summary
We are seeking a Quantitative Risk Analyst to develop, enhance, and govern quantitative models used to value, risk assess, and explain exposures across natural gas, LNG, power, and related structured/optional physical and financial transactions in a commodity trading business. The role will partner closely with trading, structuring, origination, middle office, risk, technology, and finance to deliver decision-quality analytics, robust model governance, and scalable reporting.
This role is designed for a candidate who combines cross-commodity quantitative rigor in their quantitative risk leadership with practical energy trading valuation and risk-control orientation.
Job Duties & Responsibilities
1) Quantitative Modeling, Valuation, and Analytics
  • Develop and maintain quantitative models for valuation, exposure measurement, and risk assessment across physical and financial natural gas, LNG, and power portfolios.
  • Build and enhance models for optional and structured transactions, including storage, transport, tolling, heat-rate optionality, basis/spread structures, swing optionality, and other asset-backed or logistics-driven exposures.
  • Support mark-to-market, fair value, forward curve construction, volatility surfaces, scenario analysis, and P&L attribution for complex positions and portfolios.
  • Design and improve analytical frameworks for VaR, Expected Shortfall, stress testing, backtesting, component risk, sensitivity analysis, and scenario analysis.

2) Trading and Commercial Support
  • Partner directly with traders, originators, and structurers to evaluate transactions, challenge assumptions, explain model outputs, and support hedging and optimization decisions.
  • Translate market views, deal structures, and operational realities into actionable analytics that support commercial decisions across gas, LNG, and power.
  • Provide analysis of risk drivers, spread movements, optionality value, and changes in valuation or risk metrics to risk committees and senior leadership.

3) Risk Framework, Controls, and Governance
  • Strengthen the quantitative underpinnings of the firm's market risk framework, including model documentation, assumptions governance, testing standards, and auditability.

4) Systems, Data, and Automation
  • Build or enhance scalable analytics in Python and related tools to automate recurring calculations, improve transparency, and reduce manual risk processes.
  • Work with ETRM/CTRM systems and market data infrastructure to ensure robust integration of curves, positions, valuation logic, and risk outputs. Experience with systems such as Endur, Allegro, ZEMA, or comparable platforms is valuable.

Create reports, dashboards, and visualizations that communicate complex quantitative results clearly to both technical and non-technical stakeholders.
Job Specific Skills
Technical Skills
  • Advanced Python skills for quantitative analytics, risk engines, data pipelines, and automated reporting; familiarity with pandas, NumPy, SciPy, and production-quality coding practices is expected.
  • Additional programming capability in one or more of SQL, C#, C++, VBA, or similar languages.
  • Strong understanding of probability, statistics, stochastic modeling, option pricing, numerical methods, Monte Carlo simulation, and time-series analysis.
  • Experience with data visualization and reporting tools and the ability to present quantitative insights clearly to senior stakeholders.
  • Practical use of AI-enabled tools to accelerate coding, research, workflow automation, data exploration, or insight generation, with appropriate controls for model risk, reproducibility, and governance.
  • Familiarity with Git/GitHub/GitLab, software lifecycle controls, and documentation standards is highly desirable.

Education
  • Bachelor's degree from an accredited University required in a quantitative discipline such as Mathematics, Statistics, Physics, Engineering, Computer Science, Econometrics, Finance, Applied Economics or related.
  • Master's degree or PhD preferred in a quantitative discipline such as Mathematics, Statistics, Physics, Engineering, Computer Science, Econometrics, Finance, Applied Economics or related.

Experience
  • Experience in quantitative risk, quantitative analytics, structuring, valuation, or model development in a Master's or PhD program focusing on commodity trading, energy trading, merchant energy, utility trading, hedge fund, or investment banking environment.
  • Demonstrated hands-on experience modeling optionality of complex and / or dynamical systems.

Preferred Experience / Strong Pluses
  • Understanding of both physical and financial commodity markets, including forwards, swaps, options, structured transactions, and asset-backed exposures a plus.
  • Experience with market risk metrics, including VaR/GMaR/EaR/stress/scenario frameworks, and the ability to explain risk in a trading context rather than only from a theoretical perspective.
  • Experience in asset-backed trading, including storage, transport, generation, renewables, batteries, or tolling structures in North America gas markets.
  • Experience spanning both financial trading and physical energy trading, especially where the role bridged derivatives pricing with logistics, dispatch, storage, or LNG optionality.
  • Model validation, model governance, or formal model review experience.
  • Exposure to LNG portfolio modeling, shipping/scheduling optionality, or international gas/LNG valuation frameworks.
  • Experience supporting power market analytics such as nodal pricing, CRRs/FTRs, heat-rate modeling, dispatch logic, congestion analysis, or ISO/RTO market behavior.

Additional Qualifications
Core Competencies
  • Ability to do independent research and apply theoretical techniques to real world problems.
  • Clear communicator who can explain complex model behavior, assumptions, and limitations to traders, risk managers, finance, and executives.
  • High standards for accuracy, transparency, governance, and documentation.
  • Comfortable operating in a fast-moving, front-office-adjacent trading environment where priorities evolve and analytics must be both rigorous and timely.

Expand Energy takes necessary action to ensure that all applicants are treated without regard to their race, color, religion, sex, sexual orientation, age, gender identity, national origin, genetic information, disability, pregnancy, military or veteran status or any other protected characteristic as established by law.
Expand Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.

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