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Probabilistic Risk Assessment Engineer Jobs (NOW HIRING)

Paco Group

Project Risk Specialist

New York, NY · On-site

$45 - $65/hr

Ability to analyze and interpret probabilistic risk data and assist in communicating key risk ... Risk Assessment Preparation * Compile and review project information including engineering ...

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Probabilistic Risk Assessment Engineer information

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$38K

$115.9K

$191.5K

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

As of Jul 5, 2026, the average yearly pay for probabilistic risk assessment engineer in the United States is $115,864.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,000.00 and $151,500.00 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.

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Probabilistic Risk Assessment Engineer jobs near you
Probabilistic Risk Engineer II

Probabilistic Risk Engineer II

Holtec International

Camden, NJ • On-site

$110K - $130K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 17 days ago

Holtec International rating

8.0

Company rating: 8.0 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

145th of 421 rated machine equipment manufacturers

Job description

The Probabilistic Safety Analysis (PSA) Engineer II supports Holtec's advanced reactor development by contributing to risk-informed safety analysis efforts for the SMR-300 program. This role is part of a multidisciplinary engineering team responsible for supporting design, safety analysis, and licensing of next-generation nuclear technology. The position focuses on developing and maintaining PSA models and thermal-hydraulic analyses, while translating technical findings into actionable insights that support safe and effective reactor design.
Location: Camden, NJ (On-site) - Relocation assistance available!
Primary Responsibilities:
  • Develop and maintain PRA logic models and supporting thermal-hydraulic analyses used for risk quantification and licensing support
  • Build Level 1 and Level 2 PRA models for internal and external events across full power and shutdown operating conditions
  • Support thermal-hydraulic modeling (RELAP5-3D, MELCOR) to simulate core and containment response in severe accident scenarios
  • Assist in development and quantification of event trees and fault trees to evaluate key risk metrics such as core damage frequency (CDF) and large release frequency (LRF)
  • Support ongoing updates and maintenance of PSA models as SMR-300 design evolves
  • Apply PSA results to support risk-informed programs (e.g., RTNSS, D-RAP, 10 CFR 50.69 categorization)
  • Interface with design teams to communicate PSA insights and support design decision-making
  • Ensure consistency, accuracy, and quality across PSA analyses and deliverables
  • Contribute to technical documentation supporting regulatory and licensing activities

Requirements:
  • Bachelor's degree in Nuclear Engineering, Mechanical Engineering, or a related field
  • 4-6 years of experience in probabilistic risk assessment and/or thermal-hydraulic safety analysis within the nuclear industry
  • Familiarity with thermal-hydraulic behavior of light water reactors (LWRs)
  • Proficiency with PSA and modeling tools (e.g., CAFTA, SAPHIRE, RiskSpectrum, RELAP5-3D, MELCOR)
  • Working knowledge of ASME/ANS PRA Standards and NRC or IAEA risk guidance
  • Ability to interpret analysis results and communicate technical insights clearly
  • Strong technical writing, communication, and interpersonal skills
  • Ability to collaborate effectively within a multidisciplinary engineering team
  • Eligible to work under 10 CFR Part 810

A Generation Ahead by Design™
Investing in people who power the future.
We believe great work deserves great rewards. Our benefits go beyond the basics, reflecting our commitment to supporting your whole self...your health, your future, and your career growth. This includes:
Compensation:
  • Annual compensation based on skills and experience ranging from $110,000.00-$130,000.00

Benefits:
  • Industry-leading medical, dental, and vision coverage with a generous employer premium contribution and Day 1 eligibility!
  • FLEX Program - Hybrid work opportunities available for eligible roles, where business needs and role requirements allow
  • 401(k) retirement plan with up to a 5% company match and immediate vesting to support long-term financial security
  • Paid time off and 11 paid holidays to support rest, balance, and recharge
  • Wellness program offering rewards for participation in company-supported health initiatives
  • Commuter benefits supporting mass transit and commuter parking options
  • Company-paid life and AD&D insurance for added peace of mind
  • Education assistance to support continued education and professional growth
  • Employee support and voluntary benefits, including an Employee Assistance Program and optional coverage such as disability, legal, identity theft, and insurance programs
  • Benefits eligibility and offerings may vary based on role, location, and employment status

If you're driven to solve meaningful challenges and make a lasting impact, we invite you to build your career at Holtec-a generation ahead by design™.

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