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Probabilistic Risk Assessment Engineer Jobs in Boulder, CO

Ursa Major

Senior Systems Engineer

Berthoud, CO · On-site

$130K - $163K/yr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Ursa Major

Senior Systems Engineer

Denver, CO · On-site

$130K - $163K/yr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Industrious Ventures

Senior Systems Engineer

Berthoud, CO · On-site

$130 - $163/hr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Ursa Major

Senior Systems Engineer

Boulder, CO · On-site

$130K - $163K/yr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Ursa Major

Senior Systems Engineer

Berthoud, CO · On-site

$130K - $163K/yr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Ursa Major

Senior Systems Engineer

Berthoud, CO · On-site

$130K - $163K/yr

Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) * Familiarity with ... Comprehensive knowledge of systems engineering processes, including requirements development and ...

Blue Origin

Reliability Engineer III

Denver, CO · On-site

$121K - $169K/yr

Experience with probabilistic risk assessment (PRA) or Monte Carlo methods * Certified Reliability Engineer (CRE) designation from ASQ * Knowledge of space environments and their effects on component ...

PNC Bank

Technology Risk Specialist Sr

Arvada, CO · On-site

$98K/yr

Performs risk assessments, control evaluations, issue management activities, and quality reviews ... Performs Monte Carlo, scenario-based, and probabilistic analyses where applicable. Supports capital ...

PNC Bank

LOB Risk Spec Sr

Arvada, CO · On-site

Performs risk assessments, control evaluations, issue management activities, and quality reviews ... Performs Monte Carlo, scenario-based, and probabilistic analyses where applicable. Supports capital ...

PNC Bank

LOB Risk Lead

Arvada, CO · On-site

Provides credible challenge and independent assessment of technology risk exposures, risk ... Performs Monte Carlo, scenario-based, and probabilistic analyses where applicable. Supports capital ...

True Anomaly

Enterprise Risk Analyst

Denver, CO · On-site

You will work closely with engineering, security, legal, compliance, and operations teams to help ... Execute vendor risk assessments as part of the onboarding and periodic review lifecycle, including ...

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All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Boulder, CO

Probabilistic Risk Assessment Engineer information

See Boulder, CO salary details

$39.4K

$120.2K

$198.6K

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

As of Sep 6, 2026, the average yearly pay for probabilistic risk assessment engineer in Boulder, CO is $120,163.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,100.00 and $157,100.00 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 job categories do people searching Probabilistic Risk Assessment Engineer jobs in Boulder, CO look for?

The top searched job categories for Probabilistic Risk Assessment Engineer jobs in Boulder, CO are:

What cities near Boulder, CO are hiring for Probabilistic Risk Assessment Engineer jobs?

Cities near Boulder, CO 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 Boulder, CO as of June 2026, with employment types broken down into 2% As Needed, 92% Full Time, 4% Part Time, and 2% Contract. Highlights an 84% Physical, 12% Hybrid, and 4% Remote job distribution, with an average salary of $120,163 per year, or $57.8 per hour.

Senior Systems Engineer

Ursa Major

Berthoud, CO • On-site

$130K - $163K/yr

Full-time

Re-posted 5 days ago

Job description

Ursa Major is seeking a Senior Systems Engineer within the SMS Systems & Mission Team to creatively drive safety, reliability, and risk management solutions for our propulsion systems. This role is responsible for the safe design and operation of our fielded rocket motors to ensure they meet the highest standards of performance and safety. You will work cross-functionally with systems engineering, mission operations, design, test, manufacturing, and program teams to develop robust product safety strategies and ensure successful mission execution. You will also own the relationship between Ursa Major and DoD Safety Review Boards. 

Key Responsibilities 

  • Develop and implement mission assurance processes to ensure product reliability, safety, and performance 
  • Own the Ursa Major relationship with branch specific Weapon Safety Boards and assist with authoring & presenting motor qualification plans & test reports for WSESRB, JSWRB, etc. approval 
  • Own technical inputs to Interim Hazard Classification (IHC) & Final Hazard Classification (FHC) planning, execution and approval for motor shipments and fielding 
  • Establish and maintain best practices for risk register management across different programs and products; present both internally and externally as required 
  • Work with design and product teams to find creative and efficient solutions to engineering challenges that ultimately reduce product risk; develop system safety requirements for product design 
  • Perform system-level failure assessments (Failure Modes & Effects Analysis (FMEA), Fault Hazard Analysis (FHA), etc.) to inform system design and risk tracking 
  • Establish plans for end-to-end product lifecycle, including but not limited to any required handling restrictions, demilitarization, and disposal 
  • Assist with flight test range safe execution planning 
  • Lead failure investigations 
  • Perform reliability assessments for motor products 
  • Other duties as assigned 

Required Qualifications 

  • Bachelor's degree in Mechanical Engineering, Aerospace Engineering, Systems Engineering or a related field 
  • 4+ years of experience in system safety, mission assurance, or systems engineering 
  • Experience with solid rocket motors, ignition systems, propulsion systems, launch vehicles, or defense aerospace programs 
  • Experience with risk analysis methods (FMEA, FHA, probabilistic risk assessment) 
  • Familiarity with aerospace industry standards (MIL-STD-882, etc.) 
  • Experience working with cross-functional teams, interfacing with internal/external customers 
  • Demonstrated ability to break down complex problems, strong problem-solving skills and ability to work in a fast-paced development environment 
  • This position requires that the employee be eligible and maintain eligibility for a Secret Clearance 

 Desired Experience 

  • Master's degree in a relevant technical discipline 
  • Comprehensive knowledge of systems engineering processes, including requirements development and verification 
  • Hands-on experience with testing and validation of high-performance hardware

Colorado law requires us to tell you the base compensation range of this role, which is $130,000 - $163,000, determined by your education, experience, knowledge, skills, and abilities. What we can't quantify for you are the exciting challenges, supportive team, and amazing culture we enjoy. 

Classification: Full-time Exempt

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