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Probabilistic Risk Assessment Engineer Jobs in Addison, IL

Credit Risk Analyst

Chicago, IL · On-site

$100K - $130K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Strong analytical capabilities with demonstrated ability to interpret financial statements, assess ...

Credit Risk Analyst

Chicago, IL · Hybrid

$100K - $130K/yr

At Adyen, everything we do is engineered for ambition. For our teams, we create an environment with ... Strong analytical capabilities with demonstrated ability to interpret financial statements, assess ...

Campus Quantitative Trader (Full-Time)

Chicago, IL · On-site

$300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Outstanding skills in probabilistic thinking and mathematical reasoning * Competitive spirit and uncommon drive to learn and improve * Programming experience * Appetite for risk-taking * Demonstrated ...

Senior Field Risk Engineer

Chicago, IL · On-site

$110K - $140K/yr

  • Retirement

The role of a Field Risk Engineer is core to what we do at AIG, both as a risk management resource ... Identifyand assess the impact of external exposures on a facility * Determinefire and natural ...

... Risk Management Program initiatives * You will partner with Operations, Engineering, Maintenance, and Business Leadership to identify, assess, and mitigate process safety risks * Drive a culture of ...

Senior Verification & Validation Engineer

Mundelein, IL · On-site

$92K - $138K/yr

  • Medical

  • Life

  • Retirement

  • PTO

Use the data to provide a risk assessment, identify mitigating factors and check for adherence to ... Mentor lower level engineers, lead small project teams and ensure metrics/timelines are met.

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Showing results 41-60

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 Aug 16, 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 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 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 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 Addison, IL?

For Probabilistic Risk Assessment Engineer jobs in Addison, IL, the most frequently searched job titles are:

What job categories do people searching Probabilistic Risk Assessment Engineer jobs in Addison, IL look for?

The top searched job categories for Probabilistic Risk Assessment Engineer jobs in Addison, IL are:

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:

Principal Product Operations and Risk Analyst

Circle

Chicago, IL • On-site, Remote

Full-time

Re-posted 8 days ago


Job description

Circle (NYSE: CRCL) is one of the world's leading internet financial platform companies, building the foundation of a more open, global economy through digital assets, payment applications, and programmable blockchain infrastructure. Circle's platform includes the world's largest regulated stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the Economic OS for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial innovation. Learn more at circle.com.

What you'll be part of:

Circle is committed to visibility and stability in everything we do. As we grow as an organization, we're expanding into some of the world's strongest jurisdictions. Speed and efficiency are motivators for our success and our employees live by our company values: High Integrity, Future Forward, Multistakeholder, Mindful, and Driven by Excellence. We have built a flexible work environment where new ideas are encouraged and everyone is a stakeholder.

What you'll be responsible for:

Support the day-to-day management and operation of Circle's Product Risk Management function. The goal of this function is to partner closely with Product Managers to identify, assess, prioritize, mitigate, and report on product risks. The role supports the overall Enterprise Risk Management (ERM) Program's goal of maintaining and growing Circle's resiliency by identifying, assessing, and preparing its operations for any internal and external factors and risks that could interfere with reaching its goals and objectives.

What you'll work on:

  • Help drive business strategy by collecting and analyzing data to track product performance such as user behavior, product usage, and customer feedback. Find opportunities for improvement and regularly present on product performance and product/business insights.

  • Work with executives and C-level leaders across product and engineering to define cross-org processes to increase execution efficiencies and facilitate cross-team collaboration.

  • Drive product processes, such as the product development process, the user research process, and the product launch process. Select and rollout tools, such as product management software, data analysis tools.

  • Drive product related policy management, issue management, change management, risk assessment, third-party risk management, and training.

  • Build standards for the product team, such as documentation standards, testing standards, and release management standards.

  • Ensure product and XFN teams follow standard product launch processes to build and launch products, identify, understand and mitigate risks. Implement, drive and ensure that teams are effectively monitoring product risks post launch and doing issue management.

  • Lead assessments, monitoring, and reporting on risks inherent to business activities, including compliance, legal, security, finance and 3rd parties. Self-identify, report, monitor, and remediate issues.

  • Support the ongoing risk management across functions by engaging as a key business partner with ERM, early in the process, in risk discussions and ad-hoc interactions to support ongoing risk identification, ownership, mitigation and acceptance.

  • Lead and implement periodic reviews, executive level reporting, and recommend updates to the policies, processes, tools, and templates to reflect the changing environment (e.g., new products).

  • Work with auditors and regulators on audits and identify new mitigations and follow through across teams.

What you'll bring to Circle:

Principal Product Operations and Risk Analyst

  • 10+ years working in risk management for B2B and B2C products and experience working in a financial services, payments or technology companies

  • Executive presence with an ability to influence and work hands-on with other cross-functional team leaders, such as lawyers, engineers, and product managers.

  • Experience leading diverse teams in a complex, matrixed organization.

  • Experience working at the intersection of Product and Risk and a solid understanding of risk management principles, methodologies, and frameworks, including knowledge of market, credit, operational, and compliance risk.

  • Ability to build and define Enterprise Risk Management frameworks and programs.

  • Experience in embedding a risk culture in a rapidly growing business environment, preferable technology or financial services.

  • Proficiency in data analyses using SQL

  • Partner with leaders effectively employing clear and structured communication to tell a "story" focused on business insights & data.

Circle is on a mission to create an inclusive financial future, with transparency at our core. We consider a wide variety of elements when crafting our compensation ranges and total compensation packages.

Starting pay is determined by various factors, including but not limited to: relevant experience, skill set, qualifications, and other business and organizational needs. Please note that compensation ranges may differ for candidates in other locations.

Base Pay Range: $185,000-$237,500

We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status, or any other protected status required by the laws in the locations where we hire. Additionally, Circle participates in the E-Verify Program in certain locations, as required by law.

Should you require accommodations or assistance in our interview process because of a disability, please reach out toaccommodations@circle.comfor support. We respect your privacy and will connect with you separately from our interview process to accommodate your needs.

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