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Probabilistic Risk Assessment Engineer Jobs in Buffalo Grove, IL

AIG

Senior Field Risk Engineer

Chicago, IL · On-site

$110K - $140K/yr

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 ...

AbbVie

Sr. Systems Engineer

North Chicago, IL · On-site

$100K - $137K/yr

As a Sr. Systems Engineer, you will be responsible for the integration of multiple disciplines to ... Risk assessments, integration of drug product development activities, and design validation.

AbbVie

Sr. Systems Engineer

North Chicago, IL

$100K - $137K/yr

As a Sr. Systems Engineer, you will be responsible for the integration of multiple disciplines to ... Risk assessments, integration of drug product development activities, and design validation.

AbbVie

Sr. Systems Engineer

North Chicago, IL · On-site

$109K/yr

As a Sr. Systems Engineer, you will be responsible for the integration of multiple disciplines to ... Risk assessments, integration of drug product development activities, and design validation.

AbbVie

Agentic AI Security Engineer

North Chicago, IL · On-site

We are building a team that develops AI agents to solve real security problems -- detection, triage, response, risk assessment, and policy enforcement. This is a hands-on engineering role. You will ...

AbbVie

Agentic AI Security Engineer

North Chicago, IL · On-site

$109K/yr

We are building a team that develops AI agents to solve real security problems -- detection, triage, response, risk assessment, and policy enforcement. This is a hands-on engineering role. You will ...

AbbVie

Agentic AI Security Engineer

North Chicago, IL · On-site

We are building a team that develops AI agents to solve real security problems -- detection, triage, response, risk assessment, and policy enforcement. This is a hands-on engineering role. You will ...

fairlife

EHS Systems Engineer

Chicago, IL · On-site

$75K - $98K/yr

The EHS Systems Engineer is responsible for designing, maintaining, and continuously improving ... Hazard identification and risk assessment (OH&S) * Identification and evaluation of environmental ...

fairlife

EHS Systems Engineer

Chicago, IL

$75K - $98K/yr

The EHS Systems Engineer is responsible for designing, maintaining, and continuously improving ... Hazard identification and risk assessment (OH&S) * Identification and evaluation of environmental ...

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All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Buffalo Grove, IL

Probabilistic Risk Assessment Engineer information

See Buffalo Grove, IL salary details

$39K

$118.8K

$196.4K

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

As of Aug 6, 2026, the average yearly pay for probabilistic risk assessment engineer in Buffalo Grove, IL is $118,824.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,100.00 and $155,400.00 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 are popular job titles related to Probabilistic Risk Assessment Engineer jobs in Buffalo Grove, IL? For Probabilistic Risk Assessment Engineer jobs in Buffalo Grove, IL, the most frequently searched job titles are:
What cities near Buffalo Grove, IL are hiring for Probabilistic Risk Assessment Engineer jobs? Cities near Buffalo Grove, IL with the most Probabilistic Risk Assessment Engineer job openings:
Probabilistic Risk Assessment Engineer jobs near you

Campus Quantitative Trader (Full-Time)

Jump Trading

Chicago, IL • On-site

$300K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Job description

Jump Trading Group is committed to world class research. We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Our culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a relentless competitive streak. We believe in winning together and unlocking unique individual talent by incenting collaboration and mutual respect. At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and deploy technologies that change our world, fund start-ups across industries, and partner with leading global research organizations and universities to solve problems.
Our trading teams are each comprised of a dynamic group of traders, quantitative researchers, and engineers who work together to examine the global markets, seeking to understand the complexities of various traded products and exchanges. They leverage their impeccable statistical analysis and data mining skills, using the results of their research to make forecasts and develop profitable predictive trading models.
About the Role:
At Jump, our people contribute to trading teams in the following roles, or a blend of all three: quant trader, quant researcher, and quant developer. Quant Traders will get training in all of these areas, with a focus in trading and financial markets. You will also participate in mock trading sessions, poker training, and other modules designed to improve probabilistic thinking, risk-taking, and trader mindset.
You will then work alongside our trading teams to devise trading strategies across global markets.
Other duties as assigned or needed.
Who Should Apply?
We are seeking the sharpest analytical minds from top undergraduate and graduate programs.
Ideal candidates will have:
  • Outstanding skills in probabilistic thinking and mathematical reasoning
  • Competitive spirit and uncommon drive to learn and improve
  • Programming experience
  • Appetite for risk-taking
  • Demonstrated interest in financial markets

Reliable and predictable availability required.
INTERNATIONAL STUDENTS are encouraged to apply. We accept students eligible for CPT/OPT and we sponsor work visas for full-time positions.
The estimated base salary for this role is $300,000 per year.
Benefits
- Discretionary bonus eligibility
- Medical, dental, and vision insurance
- HSA, FSA, and Dependent Care options
- Employer Paid Group Term Life and AD&D Insurance
- Voluntary Life & AD&D insurance
- Paid vacation plus paid holidays
- Retirement plan with employer match
- Paid parental leave
- Wellness Programs

Apply