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Probabilistic Risk Assessment Engineer Jobs in Chicago, IL

... assessments, collecting and validating evidence, and ensuring release readiness. Working closely with product, engineering, and delivery teams, the Manager provides hands on risk and compliance ...

... assessments, collecting and validating evidence, and ensuring release readiness. Working closely with product, engineering, and delivery teams, the Manager provides hands on risk and compliance ...

Senior Risk Engineer- Powergen

Chicago, IL ยท On-site

$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.

Head of Risk

Chicago, IL ยท 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.

Head of Risk

Chicago, IL ยท On-site

$150 - $250/hr

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.

Conduct thorough risk assessments focused on operational and technology risks, identifying ... programming tools to identify trends and quantify risk exposures; * Utilize industry-standard ...

Quality Engineer

Wheeling, IL ยท On-site

$89K - $97K/yr

Supports process design, risk assessment, and supplier development. * Provides timely reports to Management on designated Quality KPIs. Quality Engineer Qualifications: * BS in Material Science or ...

Showing results 21-40

Probabilistic Risk Assessment Engineer information

See Chicago, IL salary details

$39.1K

$119.4K

$197.3K

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 Chicago, IL is $119,357.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,500.00 and $156,100.00 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 are popular job titles related to Probabilistic Risk Assessment Engineer jobs in Chicago, IL?

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

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

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

What cities near Chicago, IL are hiring for Probabilistic Risk Assessment Engineer jobs?

Cities near Chicago, IL with the most Probabilistic Risk Assessment Engineer job openings:

Infographic showing various Probabilistic Risk Assessment Engineer job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 88% Physical, 5% Hybrid, and 7% Remote job distribution, with an average salary of $119,357 per year, or $57.4 per hour.

Manager, Risk and Comliance

RSM

Chicago, IL โ€ข On-site

Full-time

Re-posted yesterday


Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You'll find an environment that inspires and empowers you to thrive both personally and professionally. There's no one like you and that's why there's nowhere like RSM.

Assurance Digital delivers the technology that enables high quality external assurance engagements across the U.S. and the global network. The Manager of Risk & Compliance supports Assurance Digital by executing certification and compliance activities for products and platforms under established standards and guidance. This role is responsible for preparing certification artifacts, supporting risk assessments, collecting and validating evidence, and ensuring release readiness. Working closely with product, engineering, and delivery teams, the Manager provides hands on risk and compliance support and helps address issues as they arise. The role focuses on producing high quality, inspection ready documentation, and escalating complex matters to senior leaders as needed.

ESSENTIAL DUTIES:

  • Certification Execution and Release Support - Execute certification activities for Assurance Digital products and platforms under established standards and guidance. Prepare certification artifacts, including procedures performed, evidence collection, conclusions, and draft release recommendations. Support pre release readiness and post release follow up activities.
  • Risk Assessment Support and Issue Management - Support risk assessments for new products, enhancements, and material changes, including documenting risks and proposed mitigations. Track risk treatment actions and remediation items through completion, escalating issues as needed.
  • Documentation, Evidence, and Quality Control - Produce and maintain required documentation and evidence in accordance with defined templates and minimum standards. Perform quality checks on evidence and certification materials to ensure completeness, accuracy, and inspection readiness. Maintain certification records, findings logs, and evidence repositories.
  • Stakeholder Coordination and Day to Day Advisory - Partner with product, engineering, and delivery teams to gather inputs, clarify requirements, and support compliance activities. Serve as a day to day Risk & Compliance contact for assigned initiatives, escalating complex issues to Associate Directors or Directors.
  • Governance and Reporting Support - Support compliance governance forums through preparation of materials, status reporting, action tracking, and follow ups. Assist with audit, inspection, peer review, and internal oversight requests.
  • Other duties as assigned

QUALIFICATIONS:

EDUCATION/CERTIFICATIONS

  • Degree: Bachelor's degree in accounting, Information Systems, Business, Computer Science, or related field - required
  • Years of experience: 5+ - required
  • Certification: CPA, CISA, CRISC, AIGP, AAIR, AAISM or similar - preferred

TECHNICAL/SOFT SKILLS

  • Experience with privacy/data protection impact assessments and related process and security controls concepts.
  • Familiarity supporting SOC 1/SOC 2 reporting concepts.
  • Exposure to cloud environments (Azure/AWS/GCP) and related control considerations.
  • Exposure to data and AI governance, model risk management frameworks, or emerging technology compliance

EXPERIENCE

  • Knowledge of external audit workflows and the importance of audit quality, documentation, and evidence.
  • Experience working with IT control frameworks (e.g., COSO, COBIT, ITIL) and common technology risk concepts.
  • Experience partnering with product or technology teams to clarify requirements, obtain evidence, and drive follow-through on remediation actions

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life's demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at careers@rsmus.com.

RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate.

RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

At RSM, an employee's pay at any point in their career is intended to reflect their experiences, performance, and skills for their current role. The salary range (or starting rate for interns and associates) for this role represents numerous factors considered in the hiring decisions including, but not limited to, education, skills, work experience, certifications, location, etc. As such, pay for the successful candidate(s) could fall anywhere within the stated range.

Compensation Range: $111,200 - $190,300

Individualsselected for this role will be eligible for a discretionary bonus based on firm and individual performance.