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Probabilistic Risk Assessment Engineer Jobs in Chicago, IL

Tempus AI

Senior Cyber Risk Analyst

Chicago, IL · On-site

... assessment methodologies to accurately calculate risk impact/severity, likelihood/occurence, and ... engineers, operators, and data scientists. Company : Tempus is a technology company advancing ...

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL · On-site

$125K - $176K/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.

Liberty Mutual

Senior Risk Engineer- Powergen

Chicago, IL

$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.

ElectronX

Head of Risk

Chicago, IL · 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.

Riskexec

Software Engineer

Chicago, IL · Hybrid

... risk, measurable reduction in human review load, and structured, explainable AI-generated ... Production reliability under deterministic + probabilistic system: performance, reliability ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · On-site

$110K - $130K/yr

Apply standardized risk assessment methodologies to accurately calculate risk impact/severity ... engineers, operators, and data scientists. #LI-HR1 #LI-Hybrid CHI: $110,000-$130,000 The expected ...

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All JobsProbabilistic Risk Assessment Engineer JobsProbabilistic Risk Assessment Engineer Jobs in Chicago, IL

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 Jun 14, 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:
Probabilistic Risk Assessment Engineer jobs near you
Brokerage Risk, Senior Technical Analyst

Brokerage Risk, Senior Technical Analyst

Robinhood

Chicago, IL • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 15 days ago

Job description

Join us in building the future of finance.
Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you're ready to be at the epicenter of this historic cultural and financial shift, keep reading.
About the team + role
We are building an elite team, applying frontier technologies to the world's biggest financial problems. We're looking for bold thinkers. Sharp problem-solvers. Builders who are wired to make an impact. Robinhood isn't a place for complacency, it's where ambitious people do the best work of their careers. We're a high-performing, fast-moving team with ethics at the center of everything we do. Expectations are high, and so are the rewards.
Brokerage Risk, Strategy & Execution empowers Robinhood to boldly innovate with confidence to democratize finance for all. The team translates risk strategy into execution by embedding supervision, risk intelligence, and governance directly into products, operational workflows, and real-time decision-making.
As Senior Technical Risk Analyst, you will be responsible for executing the various components of the brokerage risk management programs including technical risk assessments, issues management, governance, and automation support on control and process improvements.
You will partner closely with Product, Engineering, Operations, Compliance, Security, and Enterprise Risk to ensure risks are identified early, monitored continuously, and addressed pragmatically.
This role is based in our Chicago, IL, Denver, CO, Lake Mary, FL, or New York, NY office(s), with in-person attendance expected at least 3 days per week.
At Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office experience is intentional, energizing, and designed to fully support high-performing teams.
What you'll do
  • Technical Risk Assessment (TRA): Own the end-to-end orchestration of technical risk assessments, including scheduling, facilitating discussions with senior engineers, tracking blockers, managing engineering follow-up, and ensuring launch sign-off. Must be comfortable operating and managing AI agent-assisted workflows.
  • Issue Management & Risk Governance Coordination: Serve as the single coordinator for the Issue Management Program (triage, escalation, reporting, and periodic governance meetings).
  • Program Governance: Maintain GRC system administration for Issue Management. Synthesize complex risk data into clear, actionable, leadership-ready materials for governance purposes.
  • Stakeholder Influence: Drive accountability for issue owners across a matrixed organization. Build high cross-functional credibility to work comfortably with Engineering Managers (EMs) and leads.
  • Automation Contribution: Support the team's automation goals to streamline processes and implement real-time controls in embedded workflows.
What you bring
  • 5-10 years of experience in risk management, broker-dealer, RIA, clearing firm, fintech or related fields.
  • Technical fluency including minimum SQL proficiency.
  • Experience with Python scripting.
  • Ability to develop dashboards (e.g., in Superset or Jira) and familiarity with data pipeline concepts.
  • Familiarity with Software Development Lifecycle (SDLC) and progressive deployment concepts.
  • Experience with AI-assisted risk tooling, prompt engineering, or agentic workflows.
  • Experience operating and managing GRC tooling (e.g., LogicGate, Coda) and comfort with AI tools/prompt-based automation.
  • Regulatory awareness relevant to brokerage operations (e.g., FINRA, SEC, CFTC).
What we offer
  • Challenging, high-impact work to grow your career.
  • Performance-driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching.
  • Best-in-class benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents.
  • Lifestyle wallet - a highly flexible benefits spending account for wellness, learning, and more.
  • Employer-paid life & disability insurance, fertility benefits, and mental health benefits.
  • Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
  • Exceptional office experience with catered meals, events, and comfortable workspaces.

In addition to the base pay range listed below, this role is also eligible for bonus opportunities + equity + benefits.
Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected base pay range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. For other locations not listed, compensation can be discussed with your recruiter during the interview process.
Base Pay Range:
Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)
$128,000-$150,000 USD
Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)
$112,000-$132,000 USD
Zone 3 (Lake Mary, FL; Clearwater, FL; Gainesville, FL)
$99,000-$117,000 USD
Click here to learn more about our Total Rewards, which vary by region and entity.
If our mission energizes you and you're ready to build the future of finance, we look forward to seeing your application.
Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws. Inclusion is built into how we hire and work-welcoming different backgrounds, perspectives, and experiences so everyone can do their best. Please review the Privacy Policy for your country of application.

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