ZipRecruiter

Log In

1

Probabilistic Risk Assessment Engineer Jobs in Naperville, IL

ElectronX

Head of Risk

Chicago, IL · On-site

$225K - $300K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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.

ElectronX

Head of Risk

Chicago, IL · On-site

$150 - $250/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

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.

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

  • Medical

  • Life

  • Retirement

  • PTO

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

Invenergy LLC

Manager, Enterprise Risk Management

Chicago, IL · On-site

$108K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Invenergy is North America's largest privately held developer, owner, and operator of power ... Facilitate cross-functional risk assessments that consider interdependencies, internal and external ...

Invenergy

Manager, Enterprise Risk Management

Chicago, IL · On-site

$108K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Invenergy is North America's largest privately held developer, owner, and operator of power ... Facilitate cross-functional risk assessments that consider interdependencies, internal and external ...

Invenergy LLC

Manager, Enterprise Risk Management

Chicago, IL · On-site

$108K - $134K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Invenergy is North America's largest privately held developer, owner, and operator of power ... Facilitate cross-functional risk assessments that consider interdependencies, internal and external ...

Wieland

Quality Engineer

Wheeling, IL · On-site

$89K - $97K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Wieland

Quality Engineer

Wheeling, IL · On-site

$89K - $97K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Wieland

Quality Engineer

Wheeling, IL · 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 ...

US Bank

Environmental Risk Officer

Chicago, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Environmental and Seismic Risk Officer position within the U.S. Bank Real Estate Technical Services ... Engineer. * Advanced knowledge of applicable environmental regulations, seismic assessment ...

previous pagenext page

Showing results 21-40

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

Probabilistic Risk Assessment Engineer information

See Naperville, IL salary details

$37.9K

$115.7K

$191.2K

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 Naperville, IL is $115,692.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,900.00 and $151,300.00 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 job categories do people searching Probabilistic Risk Assessment Engineer jobs in Naperville, IL look for?

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

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

Cities near Naperville, IL 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 Naperville, IL as of August 2026, with employment types broken down into 67% Full Time, and 33% Contract. Highlights an 100% In-person job distribution, with an average salary of $115,692 per year, or $55.6 per hour.

Head of Risk

ElectronX

Chicago, IL • On-site

$225K - $300K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 18 days ago

Job description

Who are we?
ElectronX® is the first U.S.-regulated, direct access electricity derivatives market, offering financial products to address volatile short-term price exposure to electricity. With offices in Chicago and New York City, ElectronX is building the missing financial infrastructure and risk management tools necessary to smooth the path for U.S. energy production, diversification and grid expansion in a time of rapidly increasing power demand.
ElectronX is a venture capital-backed startup supported by premier VC partners including Innovation Endeavors, Systemiq Capital, Equinor Ventures, Shell Ventures LLC, DCVC, Amplo, BoxGroup and Lightning Capital.
Who are we looking for?
As a fast-growing company in the highly competitive, quantitative capital markets industry, ElectronX values candidates who are resourceful, curious and adaptable to change. Our cultural focus on innovation requires collaborative and entrepreneurial teammates with the intellectual grit necessary for near- and long-term success.
ElectronX is building a CFTC-regulated Derivatives Clearing Organization from the ground up, and risk management is the backbone of everything we do. As we expand across all U.S. ISOs and transition to margin-based trading, we need a Head of Risk who can design the enterprise risk framework that makes it all possible. This role works in close partnership with and in support of ElectronX's Chief Risk Officer to build and execute that framework.
This isn't a role where you inherit a risk program and maintain it. You're building it. You'll define how ElectronX thinks about risk across every dimension: market, credit, counterparty, operational, and liquidity. You'll set the risk appetite for a fast-growing exchange, stand up the monitoring and surveillance infrastructure, and make sure we're not just compliant but ahead of where regulators are going.
The right person has seen risk management done well at established institutions and knows what to take from that experience and what to leave behind. You want to build a risk function that's modern, quantitative, and designed for the speed and complexity of energy markets.
What will you be doing?
Enterprise Risk Framework
  • Own the end-to-end risk management framework for the exchange and DCO.
  • Define the enterprise risk appetite and tolerance statement.
  • Build the risk governance structure including policies, procedures, and escalation frameworks.
  • Establish risk reporting to the Board, regulators, and senior leadership.
  • Develop and chair the Risk Committee.

Market & Credit Risk
  • Design and oversee margin model validation, stress testing, and back-testing programs.
  • Manage counterparty credit risk assessment and ongoing monitoring for clearing members.
  • Develop position limits, concentration risk policies, and large trader surveillance.
  • Build default fund sizing methodologies and maintain the default waterfall.
  • Own recovery and resolution planning.

Operational & Liquidity Risk
  • Stand up the operational risk program covering technology risk, business continuity, and third-party risk management.
  • Build real-time risk monitoring and surveillance systems that can scale with 24x7 trading.
  • Manage liquidity risk including liquidity stress testing and contingency funding planning.
  • Establish robust financial controls for wire processing, cash reconciliation, and treasury operations.
  • Ensure full compliance with customer funds segregation and protection requirements.

Regulatory
  • Serve as the primary risk liaison with the CFTC and other regulatory bodies.
  • Lead risk-related regulatory filings, rule submissions, and examination readiness.
  • Ensure compliance with CFTC Part 39 requirements around risk management, financial resources, and default procedures.
  • Stay ahead of evolving regulatory expectations and proactively adapt the risk framework.

Team & Stakeholders
  • Build and lead a high-performing risk management team.
  • Collaborate closely with compliance and finance on margin model design and clearing risk integration, and work cross-functionally with engineering, product, and commercial teams to embed risk thinking into business decisions.
  • Manage relationships with regulators, clearing members, and industry risk bodies.
  • Represent ElectronX in industry risk forums and working groups.
What we need from you
Technical Acumen
  • 10+ years in risk management at an exchange, CCP, FCM, or major financial institution.
  • Deep expertise in derivatives risk including margin, default management, and systemic risk.
  • Proven track record building or significantly transforming a risk function, not just maintaining one.
  • Strong regulatory relationship management, ideally with the CFTC or equivalent bodies.
  • Experience with enterprise risk governance, Board-level risk reporting, and risk committee leadership.
  • Expert quantitative skills in risk modeling, VaR, stress testing, scenario analysis, and back-testing.
  • Deep understanding of margin methodologies including SPAN, VaR-based, and historical simulation approaches.
  • Experience with real-time risk monitoring systems and surveillance technology.
  • Ability to translate risk requirements into technical specifications and work effectively with engineering teams.

The Right Mindset
  • Frameworks first: You think in frameworks, not checklists.
  • Practical rigor: You're someone who builds risk programs that are robust enough to satisfy regulators and practical enough that the business actually uses them.
  • Rigor with speed: You balance rigor with speed because you understand that in a startup, waiting for perfection means falling behind.
  • Clear communicator: You're a clear communicator who can make risk concepts accessible to the Board, to engineers, and to commercial teams.
  • Builder mentality: You want to build something from scratch and put your stamp on it.

Nice to Have
  • FRM, PRM, CFA, or equivalent certification.
  • Experience in energy or commodity risk management.
  • Background at a DCO or CCP during a launch or major expansion phase.
  • Knowledge of real-time payments, digital asset risk, or emerging market infrastructure.
  • Established relationships within the clearing and risk management community.
  • Experience with international risk frameworks and cross-border regulatory coordination.
Benefits
  • Health, vision and dental insurance
  • 401(k) match
  • Supplemental health and disability insurance
  • Unlimited vacation
  • Parental leave

Equal Opportunity Statement:
ElectronX is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
This position is not eligible for immigration sponsorship.

Apply