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Fraud Risk Management Jobs in Illinois (NOW HIRING)

ASCENSUS

Senior Fraud Strategy Analyst

Chicago, IL · On-site

Ascensus is seeking a Senior Fraud Strategy Analyst to join our Fraud Risk Management team. This role will be responsible for helping design, execute, and continuously improve fraud detection ...

Tastyworks

Sr Manager, Fraud Investigations

Chicago, IL · On-site

$150 - $200/hr

Define tastytrade's fraud taxonomy, risk philosophy, control framework, escalation protocols, and ... Strong vendor evaluation and management skills. You have selected, implemented, and replaced fraud ...

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Fraud Risk Management information

What is fraud risk management?

A Fraud Risk Management job involves identifying, assessing, and mitigating risks related to fraudulent activities within an organization. Professionals in this role develop and implement policies, controls, and monitoring systems to prevent fraud and financial crimes. They work closely with compliance, legal, and operational teams to investigate suspicious activities and ensure regulatory compliance. The goal is to minimize financial losses and protect the organization's reputation.

What are the key skills and qualifications needed for fraud risk management?

To thrive in Fraud Risk Management, you need strong analytical skills, attention to detail, and a solid understanding of financial systems, often supported by degrees in finance, accounting, or related fields. Familiarity with fraud detection software, data analysis tools like SQL or SAS, and industry certifications such as CFE (Certified Fraud Examiner) are highly valued. Excellent communication, problem-solving abilities, and ethical integrity are critical soft skills for collaborating with teams and handling sensitive investigations. These skills and qualities are essential to effectively identify, investigate, and mitigate fraud risks, protecting organizational assets and maintaining compliance.

What are some common challenges faced in fraud risk management roles and how are they addressed?

Professionals in Fraud Risk Management often face challenges such as staying ahead of constantly evolving fraud tactics, analyzing large volumes of transactional data, and ensuring compliance with regulatory standards. To address these challenges, teams typically employ advanced analytic tools, collaborate cross-functionally with IT and compliance departments, and engage in continuous training to stay updated on emerging threats. The work environment is dynamic and may involve both independent analysis and team-based investigations, fostering a culture of vigilance and proactive risk mitigation. This dynamic landscape offers professionals the opportunity to develop specialized expertise and grow into senior risk or leadership roles over time.

How to become a fraud risk management analyst?

To become a fraud risk management analyst, candidates typically need a bachelor's degree in finance, accounting, or a related field. Relevant skills include data analysis, knowledge of fraud detection tools, and understanding of financial regulations; certifications like Certified Fraud Examiner (CFE) can enhance prospects. Gaining experience in risk assessment or financial auditing is also beneficial.

Is working in fraud risk management a good career?

Fraud risk management is a growing field that involves detecting and preventing financial crimes, often requiring skills in data analysis, investigation, and knowledge of financial systems. It offers opportunities for advancement, certifications like Certified Fraud Examiner (CFE), and typically involves a stable work environment with regular hours. Overall, it can be a rewarding career for those interested in security and financial integrity.

What does a fraud risk management do?

A fraud risk management professional identifies, assesses, and implements strategies to detect and prevent fraudulent activities within an organization. They analyze data, develop controls, and monitor transactions to reduce financial losses and ensure compliance with regulations. Strong analytical skills and knowledge of fraud detection tools are essential in this role.

What are the most commonly searched types of Fraud Risk Management jobs in Illinois?

The most popular types of Fraud Risk Management jobs in Illinois are:

What are popular job titles related to Fraud Risk Management jobs in Illinois?

For Fraud Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Fraud Risk Management jobs in Illinois look for?

The top searched job categories for Fraud Risk Management jobs in Illinois are:

Fraud Risk Management jobs near you
Infographic showing various Fraud Risk Management job openings in Illinois as of September 2026, with employment types broken down into 1% As Needed, 76% Full Time, 18% Part Time, 2% Contract, and 3% Nights. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution.

Senior Associate, Team Lead - Fraud Risk Oversight (contract)

Chicago, IL • On-site, Remote

Huron Consulting Group
Business Management Consulting • 1 - 5K employees
Learn more about Huron Consulting Groupexternal

Full-time

Posted 6 days ago

Huron Consulting Group rating

7.2

Company rating: 7.2 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

51st of 72 rated business consultants

Job description

Huron is redefining what a global consulting organization can be. Advancing new ideas every day to build even stronger clients, individuals and communities. We're helping our clients find new ways to drive growth, enhance business performance and sustain leadership in the markets they serve. And, we're developing strategies and implementing solutions that enable the transformative change they need to own their future.
As a member of the Huron corporate team, you'll help to evolve our business model to stay ahead of market forces, industry trends and client needs. Our accounting, finance, human resources, IT, legal, marketing and facilities management professionals work collaboratively to support Huron's collective strategies and enable real transformation to produce sustainable business results.
Join our team and create your future.
Our client is seeking a CONTRACT Based Senior Associate, Team Lead - Fraud Risk Oversight to support and coordinate fraud risk oversight activities related to their fintech partner programs. This role sits within the Risk organization and focuses on execution, analysis, documentation, and coordination of fraud oversight activities in environments through partnership between our client and its Program Partners.
The Team Lead designation applies solely to Fraud Risk Oversight activities and reflects responsibility for coordinating oversight work and deliverables within that function; it does not have people management authority over, or provide direction, manage staff, conduct performance reviews, assign investigative work, or direct activities over, Fraud Operations & Investigations, Fraud Strategy, or other teams.
The position reports to Fraud Management.
  • Execute fraud risk oversight activities across assigned fintech partner programs
  • Monitor fraud trends, typologies, and emerging risks to support oversight assessments
  • Support partner risk reviews, ongoing monitoring, and periodic assessments under established frameworks
  • Ensure oversight activities are performed in accordance with internal policies, partner agreements, and regulatory expectations
  • Document fraud risk observations, issues, and themes clearly and consistently
  • Oversight Coordination ("Team Lead" Scope)
  • Coordinate fraud risk oversight work items and deliverables within the Fraud Risk Oversight function
  • Serve as a point of coordination for oversight-related information gathering and documentation
  • Assist Fraud Management by organizing inputs, tracking follow-ups, and supporting timely completion of oversight activities
  • Provide guidance within the Fraud Risk Oversight function regarding documentation standards, analysis expectations, and oversight processes

Partner & Internal Coordination
  • Coordinate with partner fraud and compliance teams to request information, data, and investigation outcomes
  • Support escalation of fraud risks and issues through established management and governance channels
  • Facilitate communication between Fraud Risk Oversight and Fraud Management, and other internal
  • stakeholders
  • Prepare summaries and materials to support management discussions with partners

Escalations, Reporting & Governance Support
  • Support review of higher-risk or complex fraud events by gathering facts and documenting risk considerations
  • Prepare analysis and summaries appropriate for management reporting, committee, audit, and regulatory exam audiences
  • Contribute to fraud risk metrics, dashboards, and reporting under management direction
  • Ensure identified risks are escalated appropriately and in line with internal procedures

Process & Program Support
  • Assist in maintaining Fraud Risk Oversight procedures and documentation
  • Identify opportunities to improve oversight consistency, documentation quality, and workflow efficiency
  • Support training and knowledge-sharing initiatives related to fraud typologies and partner oversight
  • Working knowledge of fraud risk management, AML concepts, and financial crime typologies
  • Strong analytical and documentation skills
  • Clear, concise written communication skills for risk summaries and reporting
  • Ability to operate effectively in partner-dependent oversight environments
  • Strong organizational skills and attention to detail
  • Ability to operate within defined authority and escalation frameworks
  • Bachelor's degree in Finance, Business, Criminal Justice, or a related field
  • 4 to 6 years of experience in fraud risk, AML, compliance, and/or financial crime analysis
  • Experience supporting audits, exams, or risk assessments is a plus
  • CAMS, CFE, or similar certification preferred

Position Level
Consultant
Country
United States of America

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Hours and flexibility

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About Huron Consulting Group

Sourced by ZipRecruiter

Huron Consulting Group, based in Chicago, IL, US, is a leading global management consulting firm specialized in providing performance improvement and reformation skills to different types of organizations. The company operates in the management consulting industry, which includes strategy, operations, technology, and analytics. Founded in 2002, Huron Consulting Group aids entities to tackle complex business challenges, enhance their ability to drive change, encourage their efficiency, and stimulate innovation. The company's overriding mission is to assist clients in becoming more successful.

Industry

Business management consulting

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2002

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