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Credit Risk Fraud Analyst Jobs in Illinois (NOW HIRING)

Fifth Third

Credit Risk Officer II

Chicago, IL

Monitors credit quality through forward looking analysis as well as reviewing system-generated reports. Responsible and accountable for credit risk management and constructive, credible challenge by ...

RWE

Credit Risk Associate

Chicago, IL

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

RWE

Credit Risk Associate

Chicago, IL · On-site

$73K - $100K/yr

Exempt The Credit Risk Associate will analyze and mitigate credit risk exposure for RWEA. Role Responsibilities: * Assess and monitor counterparty credit exposures, including payment, performance ...

Wintrust Financial

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Strong credit analytical skills and credit process knowledge. * Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Strong credit analytical skills and credit process knowledge. * Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.

Wintrust

VP, Credit Risk Oversight

Rosemont, IL · On-site

$117K - $150K/yr

Strong credit analytical skills and credit process knowledge. * Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.

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Credit Risk Fraud Analyst information

How does a credit risk fraud analyst typically collaborate with other departments to minimize fraud losses?

Credit Risk Fraud Analysts work closely with teams such as IT, compliance, customer service, and operations to identify, investigate, and mitigate fraudulent activities. They regularly communicate findings from data analysis to these departments, ensuring that suspicious patterns are addressed promptly. Collaboration often includes participating in cross-functional meetings, sharing insights on emerging fraud trends, and helping to develop new prevention strategies. This teamwork is essential for creating a holistic approach to managing risk and protecting both the organization and its customers.

What are the key skills and qualifications needed to thrive as a credit risk fraud analyst?

To thrive as a Credit Risk Fraud Analyst, you need strong analytical skills, a background in finance or statistics, and a solid understanding of risk management principles. Familiarity with fraud detection software, data analysis tools like SQL or Python, and relevant certifications such as Certified Fraud Examiner (CFE) are typically required. Strong attention to detail, problem-solving abilities, and effective communication make candidates stand out in this role. These skills are crucial for accurately identifying fraudulent activities, minimizing losses, and maintaining the integrity of financial institutions.

What is the difference between Credit Risk Fraud Analyst vs Credit Analyst?

AspectCredit Risk Fraud AnalystCredit Analyst
Primary FocusDetecting and preventing fraud related to credit riskAssessing creditworthiness of borrowers
Skills & CertificationsFraud detection, risk assessment, certifications like CFECredit analysis, financial statement evaluation, certifications like CFA or CCFA
Work EnvironmentFinancial institutions, fraud prevention teamsBanks, lending companies, credit departments
Industry UsageHigh in fraud prevention and risk managementHigh in lending and credit approval processes

While both roles involve credit assessment, the Credit Risk Fraud Analyst specializes in identifying and preventing fraudulent activities related to credit, whereas the Credit Analyst focuses on evaluating a borrower's creditworthiness to approve loans. Understanding these differences helps in choosing the right career path or job search focus.

What does a credit risk fraud analyst do?

A Credit Risk Fraud Analyst is responsible for identifying, assessing, and mitigating risks related to credit fraud within financial institutions. They analyze transaction patterns, customer profiles, and credit data to detect suspicious activities or potential fraud. Their work involves using analytical tools and data models to monitor accounts, investigate anomalies, and recommend controls to prevent losses. By staying updated on emerging fraud trends, they help protect the company and its customers from financial crimes.
What are popular job titles related to Credit Risk Fraud Analyst jobs in Illinois? For Credit Risk Fraud Analyst jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Credit Risk Fraud Analyst jobs in Illinois look for? The top searched job categories for Credit Risk Fraud Analyst jobs in Illinois are:
Credit Risk Fraud Analyst jobs near you
Infographic showing various Credit Risk Fraud Analyst job openings in Illinois as of August 2026, with employment types broken down into 96% Full Time, and 4% Part Time. Highlights an 92% In-person, 4% Hybrid, and 4% Remote job distribution.

Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

$110K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 2 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

Responsibilities
  • Operate and maintain credit risk models for mortgage loan portfolios
  • Lead the development and implementation of alternative credit risk strategies
  • Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
  • Perform credit reviews for member institutions based on financial performance and credit worthiness
  • Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
  • Optimize business processes through the use of data management and programing tools
  • Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
  • Support business on MPF product design with business analytics

Position Requirements
  • Master's degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
  • Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
  • Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
  • Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
  • Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL

Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.
Salary range $110,150 to $115,000
Salary Range:
$90,400.00 - $150,700.00
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

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