ZipRecruiter

Log In

1

Probabilistic Risk Assessment Engineer Jobs in Massachusetts

Liberty Mutual

Risk Engineer - Property

Boston, MA · On-site

$89K - $119K/yr

Provides risk assessment services and information to track progress and demonstrate the value of ... Bachelor's degree with coursework in math, engineering or related areas (or equivalent) and at ...

Liberty Mutual

Risk Engineer - Property

Worcester, MA

$97K - $145K/yr

Provides risk assessment services and information to track progress and demonstrate the value of ... Bachelor's degree with coursework in math, engineering or related areas (or equivalent) and at ...

Liberty Mutual

Risk Engineer - Property

Worcester, MA

$82K - $109K/yr

Provides risk assessment services and information to track progress and demonstrate the value of ... Bachelor's degree with coursework in math, engineering or related areas (or equivalent) and at ...

Liberty Mutual

Risk Engineer - Property

Boston, MA

$97K - $145K/yr

Provides risk assessment services and information to track progress and demonstrate the value of ... Bachelor's degree with coursework in math, engineering or related areas (or equivalent) and at ...

Adept Group

Packaging Engineer

Uxbridge, MA · On-site

The Packaging Engineer serves as the primary technical authority for audit execution, compliance interpretation, risk assessment, engineering review, issue escalation, and final disposition of ...

Adept Group

Packaging Engineer

Uxbridge, MA

The Packaging Engineer serves as the primary technical authority for audit execution, compliance interpretation, risk assessment, engineering review, issue escalation, and final disposition of ...

next page

Showing results 1-20

All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Massachusetts

Probabilistic Risk Assessment Engineer information

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

To thrive as a Probabilistic Risk Assessment Engineer, you need a solid background in mathematics, statistics, and engineering principles, generally supported by a degree in engineering or a related field. Familiarity with specialized software such as SAPHIRE, RiskSpectrum, or CAFTA, as well as industry-specific standards and certifications like ASME or NRC guidelines, is typically required. Strong analytical thinking, attention to detail, and effective communication skills are essential for interpreting complex data and presenting findings to diverse stakeholders. These skills and qualifications are crucial for accurately assessing risks, ensuring regulatory compliance, and supporting the safety and reliability of critical systems.

What is a Probabilistic Risk Assessment Engineer?

A Probabilistic Risk Assessment (PRA) Engineer is a professional who evaluates the likelihood and potential consequences of risks in complex systems, often in industries such as nuclear power, aerospace, or chemical processing. They use quantitative methods and statistical models to analyze possible failure scenarios and their impacts, helping organizations make informed decisions about safety and reliability. PRA Engineers play a crucial role in identifying vulnerabilities, recommending risk mitigation strategies, and ensuring compliance with regulatory standards. Their work helps minimize the chances of catastrophic failures and improves overall system safety.

How does a Probabilistic Risk Assessment Engineer typically collaborate with other engineering and safety teams during a project?

Probabilistic Risk Assessment Engineers frequently work in multidisciplinary teams, collaborating closely with safety engineers, systems engineers, and project managers to analyze and mitigate potential risks. They provide quantitative risk assessments that inform design decisions, operational procedures, and regulatory compliance efforts. Regular meetings and data-sharing sessions are common, ensuring that risk insights are integrated throughout the project lifecycle. This collaborative environment enables effective communication of complex risk scenarios and fosters a culture of safety and continuous improvement.

What is the difference between Probabilistic Risk Assessment Engineer vs Fault Tree Analyst?

AspectProbabilistic Risk Assessment EngineerFault Tree Analyst
CredentialsEngineering degree, certifications in risk analysis or reliabilityEngineering or technical background, certifications in fault tree analysis
Work EnvironmentIndustry settings like energy, aerospace, nuclear; risk modelingSafety analysis teams, engineering departments; fault tree development
Employer & Industry UsageUsed by utilities, aerospace, nuclear plants for risk assessmentUsed in safety engineering, accident prevention, reliability studies

Both roles focus on safety and risk analysis but differ in scope. Probabilistic Risk Assessment Engineers develop comprehensive models to quantify risks, while Fault Tree Analysts focus specifically on fault tree development to identify failure pathways. The roles often collaborate but serve distinct functions within safety and reliability teams.

What are popular job titles related to Probabilistic Risk Assessment Engineer jobs in Massachusetts? For Probabilistic Risk Assessment Engineer jobs in Massachusetts, the most frequently searched job titles are:
What job categories do people searching Probabilistic Risk Assessment Engineer jobs in Massachusetts look for? The top searched job categories for Probabilistic Risk Assessment Engineer jobs in Massachusetts are:
What cities in Massachusetts are hiring for Probabilistic Risk Assessment Engineer jobs? Cities in Massachusetts with the most Probabilistic Risk Assessment Engineer job openings:
Probabilistic Risk Assessment Engineer jobs near you
Senior Manager, Risk Operations

Senior Manager, Risk Operations

Fidelity Investments

Boston, MA • On-site

$147K - $157K/yr

Full-time

Posted 28 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 266 frontline employees who took The Breakroom Quiz

16th of 146 rated financial services

Job description


Position Description:
Conducts risk assessments -- detailing controls, identifying potential gaps and inconsistencies, and making sound recommendations for improvement and mitigation -- in alignment with regulatory guidelines. Modernizes risk management and tests using data investigation. Builds risk management reporting using data visualization tools (Tableau and Power BI). Performs day-to-day risk operations, issue, and audit management process, using Archer GRC risk platforms. Supports and coordinates processes to comply with laws and regulations relating to operational risks. Provides senior management with updates on the overall status of Operational Controls and Governance, along with action plans to address and remediate identified issues.
Primary Responsibilities:
  • Establishes new technology-based solutions to test systems processes.

  • Creates solutions to address testing and oversight requirements.

  • Creates risk assessment, control testing, and compliance related work.

  • Presents assessment findings to partners and finalizes remediation timelines.

  • Ensures appropriate remediation and accountability tracking and monitoring of daily trade activities for equity, fixed income, and alternative funds and accounts.

  • Identifies anomalies in portfolios and ensures investment policy limitations are followed.

  • Collaborates across teams to optimize support provided to the business.

  • Develops innovative solutions to enhance testing controls.

  • Delivers results in an accurate and timely manner.

  • Serves as a critical link between data and technology teams and executive leadership.

  • Recognizes systems issues, assesses risks, and identifies items requiring escalation.

  • Builds and implements strategies that use analytics techniques, tools, and methods.

Education and Experience:
Bachelor's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and five (5) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Or, alternatively, Master's degree in Computer Science, Engineering, Engineering Management, Information Technology, Information Systems, or a closely related field (or foreign education equivalent) and three (3) years of experience as a Senior Manager, Risk Operations (or closely related occupation) performing daily risk monitoring and reporting, assessing environment control, identifying potential risk issues, and driving risk mitigation efforts, within a global asset management or financial service industry.
Skills and Knowledge:
Candidate must also possess:
  • Demonstrated Expertise ("DE") conducting advanced data analysis on portfolio accounting, portfolio and security reference, index, and performance and attribution data, using SQL, Excel, and Tableau, to monitor and translate complex analytics into strategic insights for alignment between operation execution and business objectives; and performing complex data querying of data lakes and Cloud data platforms (Snowflake), using SQL.

  • DE automating control testing processes by removing manual processes of data gathering, filtering, cleaning, and analyzing data using, OBIEE, SQL Developer, Snowflake, and Tableau; creating and tracking Key Risk Indicators (KRI) to identify trends and mitigate risks, using a KRI dashboard; and developing and executing detailed test plans that address potential risks in risk management and operation systems, reporting applications, and tools, to support systems testing in User Acceptance Testing (UAT) and Production environment.

  • DE identifying regulatory and operational risks, and root causes for risk issues and audits, using Archer GRC; creating reports and presentations from systems of record using Archer GRC, internal error tracking tools, Excel, and Tableau; and translating identified risks, issues, and action plans, into formats that executive leadership can use to aid in risk management and decision making, using PowerPoint, Tableau, and SharePoint.

  • DE conducting proactive risk and readiness assessments, aligned with key business risks and their financial impacts, using Snowflake and Bloomberg; and researching incidents and assigning gains and losses to associated events, using Excel, Tableau, and General Ledger (GL) platforms, give senior executives clear insights that connect risk exposure to performance and support issue tracking.

Salary: $147,081.00 - $157,081.00/year.
#PE1M2
#LI-DNI
Certifications:
Category:
Risk
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

What Fidelity Investments employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Apply