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Probabilistic Risk Assessment Engineer Jobs in Addison, IL

... assessment methodologies to accurately calculate risk impact/severity, likelihood/occurence, and ... engineers, operators, and data scientists. Company : Tempus is a technology company advancing ...

Program Manager

Naperville, IL · On-site

$102K - $160K/yr

Project types include bare steel, vintage plastic, probabilistic risk, exposed main replacement ... Project Controls, Distribution Integrity Management, Engineering, Construction, Land, Environmental ...

Senior Risk Engineer- Powergen

Chicago, IL

$101K - $120K/yr

Assess operational plants and construction projects, including complex and large-scale exposures ... Experience in risk engineering, power generation, renewable energy, or a related technical field.

Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop ... with engineering, product, and commercial teams to embed risk thinking into business decisions.

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

Manage counterparty credit risk assessment and ongoing monitoring for clearing members. * Develop ... with engineering, product, and commercial teams to embed risk thinking into business decisions.

Senior Cyber Risk Analyst

Chicago, IL · On-site

$110K - $130K/yr

Apply standardized risk assessment methodologies to accurately calculate risk impact/severity ... engineers, operators, and data scientists. #LI-HR1 #LI-Hybrid CHI: $110,000-$130,000 The expected ...

Security Engineer About Us: On a mission to deliver affordable, delightful healthcare for all ... Conduct risk assessments and provide actionable guidance to reduce application-level security risk

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$110K - $130K/yr

Apply standardized risk assessment methodologies to accurately calculate risk impact/severity ... engineers, operators, and data scientists. #LI-HR1 #LI-Hybrid CHI: $110,000-$130,000 The expected ...

Be Seen First

This individual will partner closely with engineering, operations, quality, and leadership teams to assess reliability risks, develop risk mitigation strategies, and drive improvements across key ...

Be Seen First

This individual will partner closely with engineering, operations, quality, and leadership teams to assess reliability risks, develop risk mitigation strategies, and drive improvements across key ...

Sr Principal Engineer

Chicago, IL · On-site

$129K - $178K/yr

... Risk Assessment, and Compliance Monitoring processes. • Deliver end-to-end implementations within the ServiceNow platform, with a focus on IRM/GRC solutions. • Drive integration efforts between ...

Project types include bare steel, vintage plastic, probabilistic risk, exposed main replacement ... Project Controls, Distribution Integrity Management, Engineering, Construction, Land, Environmental ...

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Probabilistic Risk Assessment Engineer information

See Addison, IL salary details

$38.1K

$116.1K

$191.9K

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

As of Jul 5, 2026, the average yearly pay for probabilistic risk assessment engineer in Addison, IL is $116,081.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,200.00 and $151,800.00 per year, depending on experience, location, and employer.

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 cities near Addison, IL are hiring for Probabilistic Risk Assessment Engineer jobs? Cities near Addison, IL with the most Probabilistic Risk Assessment Engineer job openings:
Capital Projects & Infrastructure Senior Consultant (Transportation)

Capital Projects & Infrastructure Senior Consultant (Transportation)

Guidehouse

Chicago, IL • On-site

$98K - $163K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 17 days ago


Guidehouse rating

7.5

Company rating: 7.5 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

36th of 58 rated business consultants


Job description

Job Family:

Capital Projects & Infrastructure Consulting


Travel Required:

Up to 50%


Clearance Required:

None

What You Will Do:

Guidehouse's Capital Projects & Infrastructure team is seeking professionals with backgrounds in engineering, construction, project delivery, and related fields who are looking to apply their technical expertise to address complex challenges that enable infrastructure strategy and execution, with a focus on transportation and transit capital programs (e.g., rail, BRT/LRT, facilities/stations, guideway, roadway, bridge, or other transportation infrastructure). A strong candidate should demonstrate knowledge of the capital project lifecycle (planning through maintenance and operations) and have a proven record of success in an individual contributor role. We are looking for a candidate who is a self-starter, comfortable with ambiguity, and able to speak on behalf of the team in a client-facing role.

Demonstrates proven thorough knowledge of the capital project lifecycle (planning through maintenance and operations), and a proven record of success in an individual contributor role for active capital projects. Specifically, this individual has a proven successful record of having supported or led one or more of the following areas:

  • Project governance, e.g., organizational and process aspects (including boards/committees, interagency coordination, and third-party stakeholders common to DOT/transit programs)
  • Risk management and analysis, e.g., risk register, quantitative (probabilistic) risk modeling, root cause analysis, issue management, prudency reviews (including service impacts, permitting/ROW/utility risks, and systems integration risks)
  • Construction project management and controls, e.g., schedule control, cost control (budget, accruals, forecasts), earned value, change management (including work windows, safety in operating environments, and complex interfaces)
  • Complex schedule analytics, e.g., critical path method (CPM), float, schedule compression/time-cost trade-off, change impacts (including staged construction and outage planning)
  • Contract development and management, e.g., procurement processes, administration, scope control
  • Performance metrics and project reporting (including dashboards aligned to capital delivery and operational readiness)
  • Project technology, e.g., project and portfolio management, applications to quantify cause and effect of delays (including PMIS/document controls/scheduling toolsets typical in transit/transportation capital programs)
  • Develop road mapping and strategic plans to be used by key business leaders to make informed investment decisions.

What You Will Need:

  • Bachelor's degree from an accredited college or university
  • Minimum of 3+ (THREE) years experience
  • Experience directly leading client relationships and/or project teams
  • Experience with federal, state, and local procurement regulations and requirements, including public-sector procurement practices common to DOT/transit agencies
  • Engineering or technical expertise in project controls, project management technology, capital infrastructure, preferably within transportation/transit capital programs
  • Experience drafting documents, memos, letters, and other formal communications to clients, including board-ready or stakeholder-facing materials
  • The successful candidate must not be subject to employment restrictions from a former employer (such as a non-compete) that would prevent the candidate from performing the job responsibilities as described.
  • Due to nature of client engagements, US Citizenship restrictions may apply
  • No sponsorship is available for this position

What Would Be Nice to Have:

  • Master's Degree (MBA, MPP, MPA, etc.)
  • Project Management Professional (PMP), AICP, EIT, or PE
  • Experience with Federal grant funding environments, including transportation funding programs (e.g., FTA, FHWA, USDOT), and associated compliance requirements such as grant administration, reporting, and oversight expectations
  • Experience managing PMIS deployment across multiple industries, including transportation/transit capital delivery organizations
  • Experience with industryleading capital planning and program/project management technologies, including but not limited to scheduling and cost tools (e.g., Primavera P6) and PMIS platforms (e.g., Aurigo Masterworks, Kahua)
The annual salary range for this position is $98,000.00-$163,000.00. Compensation decisions depend on a wide range of factors, including but not limited to skill sets, experience and training, security clearances, licensure and certifications, and other business and organizational needs.


What We Offer:

Guidehouse offers a comprehensive, total rewards package that includes competitive compensation and a flexible benefits package that reflects our commitment to creating a diverse and supportive workplace.

Benefits include:

  • Medical, Rx, Dental & Vision Insurance

  • Personal and Family Sick Time & Company Paid Holidays

  • Position may be eligible for a discretionary variable incentive bonus

  • Parental Leave and Adoption Assistance

  • 401(k) Retirement Plan

  • Basic Life & Supplemental Life

  • Health Savings Account, Dental/Vision & Dependent Care Flexible Spending Accounts

  • Short-Term & Long-Term Disability

  • Student Loan PayDown

  • Tuition Reimbursement, Personal Development & Learning Opportunities

  • Skills Development & Certifications

  • Employee Referral Program

  • Corporate Sponsored Events & Community Outreach

  • Emergency Back-Up Childcare Program

  • Mobility Stipend

About Guidehouse

Guidehouse is an Equal Opportunity Employer-Protected Veterans, Individuals with Disabilities or any other basis protected by law, ordinance, or regulation.

Guidehouse will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable law or ordinance including the Fair Chance Ordinance of Los Angeles and San Francisco.

If you have visited our website for information about employment opportunities, or to apply for a position, and you require an accommodation, please contact Guidehouse Recruiting at 1-571-633-1711 or via email at RecruitingAccommodation@guidehouse.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodation.

All communication regarding recruitment for a Guidehouse position will be sent from Guidehouse email domains including @guidehouse.com or guidehouse@myworkday.com. Correspondence received by an applicant from any other domain should be considered unauthorized and will not be honored by Guidehouse. Note that Guidehouse will never charge a fee or require a money transfer at any stage of the recruitment process and does not collect fees from educational institutions for participation in a recruitment event. Never provide your banking information to a third party purporting to need that information to proceed in the hiring process.

If any person or organization demands money related to a job opportunity with Guidehouse, please report the matter to Guidehouse's Ethics Hotline. If you want to check the validity of correspondence you have received, please contact recruiting@guidehouse.com. Guidehouse is not responsible for losses incurred (monetary or otherwise) from an applicant's dealings with unauthorized third parties.

Guidehouse does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Guidehouse and Guidehouse will not be obligated to pay a placement fee.


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