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Probabilistic Risk Assessment Engineer Jobs in Batavia, NY

Sealing Devices

Quality Assurance Manager

Lancaster, NY · On-site

$118K - $130K/yr

Managing and developing the Quality Engineering team * Ensuring compliance with customer, industry ... Strong data analysis and risk assessment capabilities * ASQ certifications (CQE, CQA, CMQ/OE)

Harris

Director - R&D

Alabama, NY · Remote

... risk assessment. * Continuously assess market trends, customer feedback, and competitive ... Design and implement regular cross-training sessions to broaden developer expertise across multiple ...

Linde

Business Development Director

Tonawanda, NY

... with engineering to define scope and ensure competitive capital cost estimates * Lead project economics, risk assessments, and support investment and plant selection decisions * Also, you will ...

SPX FLOW

Automation Engineer

Getzville, NY · On-site

Design Reviews, Risk Assessments) * Ensuring compliance with local legislation and regulations (for the locality of the plant/process) which apply to engineering design (e.g. EU Machinery Directive)

SPX FLOW

Lead Process Engineer

Getzville, NY · On-site

$97K - $126K/yr

Design Reviews, Risk Assessments.) * Ensuring compliance with local legislation and regulations (for the locality of the plant/process) which apply to engineering design (e.g. EU Machinery Directive ...

SPX FLOW

Lead Process Engineer

Getzville, NY · On-site

$97K - $126K/yr

Design Reviews, Risk Assessments.) * Ensuring compliance with local legislation and regulations (for the locality of the plant/process) which apply to engineering design (e.g. EU Machinery Directive ...

TERRACON

Senior Staff Scientist

Cheektowaga, NY · On-site

$69K - $88K/yr

Prepare applicable permit applications, risk assessments and technical documents including ... Participates with more senior scientists/engineers on large, more complex projects. * Performs site ...

Bastion Technologies

Quality Engineer

East Aurora, NY · On-site

$105K - $140K/yr

Prepare, evaluate and provide assessments of in-house and contracted quality related processes ... Experience in an insight, risk-based, or COTs type contracts as well as compliance-based contract ...

TERRACON

Project Scientist

Cheektowaga, NY

Prepare applicable permit applications, risk assessments and technical documents including ... Our professionals include environmental architects, archaeologists, biologists, engineers ...

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All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Batavia, NY

Probabilistic Risk Assessment Engineer information

See Batavia, NY salary details

$36.1K

$110.2K

$182.1K

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

As of Jun 14, 2026, the average yearly pay for probabilistic risk assessment engineer in Batavia, NY is $110,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,900.00 and $144,100.00 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 Batavia, NY are hiring for Probabilistic Risk Assessment Engineer jobs? Cities near Batavia, NY with the most Probabilistic Risk Assessment Engineer job openings:
Probabilistic Risk Assessment Engineer jobs near you
Infographic showing various Probabilistic Risk Assessment Engineer job openings in Batavia, NY as of June 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, and 50% Remote job distribution, with an average salary of $110,168 per year, or $53 per hour.
Counterparty Credit Risk, Funds Underwriting (Vice President, NY)

Counterparty Credit Risk, Funds Underwriting (Vice President, NY)

Citigroup, Inc.

Getzville, NY • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago

Job description

Institutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with Independent Risk teams to ensure best-in-class risk and controls, and client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across Markets as well as Banking to ensure full alignment on business and regulatory goals, as well as consistency and best practices.
Within ICM Counterparty Credit Risk (CCR), ICM Funds Underwriting is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds, covering Asset Management Companies, Investment Advisors as Agent, and Pension Funds.
We are seeking an experienced professional to underwrite CCR risk for some of our largest Real Money Funds clients as a Credit Officer. This is a First Line of Defense risk management role, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients.
This position is located in Getzville, NY.
Key Responsibilities:
  • Maintain and manage credit exposures to Real Money Funds clients including asset managers, investment advisor as agents, and pension funds, arisen from derivatives, financing and direct lending products
  • Approve credit reviews as a first line of defense underwriter (Credit Officer CO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios
  • Review and approve new Funds clients at on-boarding to establish appropriate risk parameters and credit limits
  • Advise and approve large transactions or deals that require individual risk assessment
  • Analyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
  • Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
  • Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls
  • Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
  • Communicate key findings to senior management and contribute to in-business risk forums as appropriate.
  • Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues.
  • Conduct periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices
  • Utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development.

Education
  • Bachelor's/Master's degree in mathematics, science, finance/economics, risk management or a related field required
  • An MBA, CPA, or CFA preferred and formal Credit Training is a plus

Knowledge/Experience:
  • A minimum of 5 - 7 years credit risk experience at a major financial institution
  • Experience with managing credit risk with training in finance, mathematics, risk management or quantitative fields
  • Relevant credit experience covering Real Money Funds, Asset Managers, Hedge Funds, or Financial Institutions with markets products knowledge
  • Knowledge of Funds' markets products and risk metrics
  • Credit Officer (CO) or demonstrating the skills aligned with that designation

Competencies:
  • Experience and familiarity with Real Money Funds, Asset Managers, Pension Funds - Industry products and relevant CCR risk measures
  • Strong analytical skills
  • Strong problem solving abilities
  • Sound risk and business judgment
  • Excellent written and oral communication skills
  • Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
  • Ability to work independently as well as in a team environment

Skills:
  • Credit review and analysis techniques, ability to proactively identify and remediate risk issues
  • Strong understanding of portfolio risk and its impacts on counterparty credit risk, across multiples asset classes including rates, equities, foreign exchange, credit and commodities
  • Stress testing techniques, instrument modelling skills desirable
  • Ability to think from first principle and challenge assumptions
  • Strong analytical skills with good attention to details and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
  • Strong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python is a plus

Development Values:
  • Risk management role in the First Line of Defense, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients
  • Learn about risk management and financing products broadly as mandate covers wide variety of Markets and Banking products
  • Influence the strategic direction of the Bank from a risk management perspective
  • Build solid market/credit Risk experience as we use cutting-edge risk models and techniques

Job Family Group:
Risk Management
Job Family:
Credit Risk
Time Type:
Full time
Primary Location:
Getzville New York United States
Primary Location Full Time Salary Range:
$92,000.00 - $138,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
May 22, 2026
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

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