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Fraud Risk Manager Jobs in Chicago, IL (NOW HIRING)

JPMorgan Chase & Co.

Industry Risk Manager

Chicago, IL · On-site

$108K - $183K/yr

Relevant experience in AML/KYC, Risk Management, Security, and/or Law enforcement specific to fraud and illicit money movement * Strong understanding of AML and BSA regulatory requirements

Coinme

Director of Payments & Risk

Chicago, IL

... fraud/AML seam. * Manage the vendor and partner ecosystem at both levels: hands-on (rules ... The AI-assisted risk operation runs as a team-owned product: documented, version-controlled ...

Byline Bank

Fraud Analyst II (Chicago, IL)

Chicago, IL · On-site

$61K - $76K/yr

Collaborates with Fraud Operations, Anti-Money Laundering, Compliance, Risk Management, Security, and Law Enforcement when necessary. * Monitors fraud trends and recommend enhancements to fraud ...

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Fraud Risk Manager information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do fraud risk manager jobs pay per year?

As of Sep 13, 2026, the average yearly pay for fraud risk manager in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What does a fraud risk manager do?

A Fraud Risk Manager is responsible for identifying, assessing, and mitigating the risk of fraud within an organization. They develop and implement policies, procedures, and controls to prevent and detect fraudulent activities. Their work often involves analyzing data for suspicious patterns, investigating incidents of fraud, and providing training to staff on fraud prevention. Ultimately, they help safeguard the organization's assets and reputation by minimizing the impact of fraudulent activities.

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

To excel as a Fraud Risk Manager, you need expertise in fraud detection, risk assessment, and knowledge of financial regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with data analytics tools, fraud management platforms, and certifications like CFE (Certified Fraud Examiner) are highly valuable. Strong analytical thinking, problem-solving, and effective communication skills help you collaborate across departments and respond swiftly to emerging threats. These skills and qualifications are vital for proactively identifying, mitigating, and preventing fraudulent activities that could harm an organization’s reputation and finances.

How does a fraud risk manager typically collaborate with other departments to mitigate risks?

Fraud Risk Managers work closely with multiple departments such as compliance, IT, internal audit, and customer service to identify, assess, and address potential fraud risks. They frequently coordinate with data analysts to monitor transactions for suspicious activity and partner with legal teams to ensure regulatory compliance. Regular cross-functional meetings and training sessions are common, allowing them to share insights, update protocols, and respond quickly to emerging threats. Effective communication and teamwork are essential, as fraud prevention is a collaborative effort across the organization.

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

AspectFraud Risk ManagerFraud Analyst
CredentialsCertifications like CFE, CRCM; Bachelor's degree in finance, accounting, or related fieldSimilar certifications; Bachelor's degree often required
Work EnvironmentOversees fraud prevention strategies, manages teams, develops policiesConducts investigations, analyzes data, detects fraud patterns
Industry UsageUsed in banking, finance, insurance, and retail sectorsCommonly employed in similar industries for fraud detection

The Fraud Risk Manager focuses on developing and overseeing fraud prevention strategies, managing teams, and implementing policies. In contrast, the Fraud Analyst primarily conducts investigations, analyzes data, and detects fraudulent activities. Both roles require similar credentials and are vital in fraud prevention within financial and retail sectors, but they differ in scope and responsibilities.

How much do fraud risk managers make in the US?

Fraud risk managers in the US typically earn between $80,000 and $130,000 annually, with median salaries around $100,000. Compensation varies based on experience, industry, and location, and professionals often hold certifications like Certified Fraud Examiner (CFE).

What cities near Chicago, IL are hiring for Fraud Risk Manager jobs?

Cities near Chicago, IL with the most Fraud Risk Manager job openings:

Fraud Risk Manager jobs near you
Infographic showing various Fraud Risk Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Industry Risk Manager

Chicago, IL • On-site

JPMorgan Chase & Co.
Finance and Insurance • 10K+ employees
Learn more about JPMorgan Chase & Co.external

$108K - $183K/yr

Full-time

Medical, Retirement

Re-posted 15 hours ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

Job description


Join the team of motivated, detail-oriented professionals eager to make an impact. This role offers an excellent opportunity to expand your experience in industry risk, controls, data analytics, and cross-functional initiatives within a collaborative and fast-paced environment. You will be involved in the comprehensive specialized due diligence of prospective clients across Commercial & Investment Banking contributing to our mission of maintaining the highest standards of compliance and risk management.
As a Manager within our Industry Risk team, you will support Bankers and KYC Officers by providing subject matter expertise regarding AML risks presented by specific High-Risk Industries (TPPPs, MSBs, FinTechs, Casino/Gaming, and VASPs). You will identify opportunities to partner with colleagues to develop new control capabilities or enhance existing control programs to mitigate risk.
Job Responsibilities:
  • Manage client and partner expectations and understanding in a consultative way
  • Exhibit ownership of KYC/AML experience and client experience
  • Conduct Specialized Due Diligence and lead AML due diligence discussions for specific high-risk industries
  • Ensure KYC/AML deliverables are met and hold partners accountable
  • Proactive management of all AML/KYC and escalation activities to meet qualitative and timeliness requirements
  • Proactive identification, escalation and ownership of risk controls
  • Provide consultative views of risk assessment based on high-risk industry expertise
  • Independently manage renewal cycle of LCEs in partnership with Relationship Management, and other KYC Officers
  • Accountable for timely portfolio management while maintaining quality expectations

Required qualifications, capabilities, and skills:
  • Bachelor's Degree or equivalent relevant experience
  • Ability to soundly execute quantitative and qualitative analysis and draw salient conclusions
  • Excellent verbal and written communication skills
  • Ability to present information in a concise and effective manner
  • Strong interactive personal skills and ability to influence others for positive results
  • Strong organizational skills both personally and across working team to meet deadlines in a fast-paced environment
  • Some travel may be required (less than 25%) to support various client coverage teams
  • Experienced in providing innovative and proactive solutions
  • Excellent attention to detail
  • Proficient in Microsoft Word, Excel, Power Point Pitch Pro

Preferred qualifications, capabilities, and skills:
  • Relevant experience in AML/KYC, Risk Management, Security, and/or Law enforcement specific to fraud and illicit money movement
  • Strong understanding of AML and BSA regulatory requirements
  • Certified Anti-Money Laundering Specialist (CAMS) certification a plus
  • Strong client focus and ability to partner with various internal groups and client coverage
  • Independent, self-motivated with an ability to adapt and be flexible in a team environment
  • Deep understanding of high-risk industries specific to AML client and product risk
  • Ability to navigate complex client relationships and product usage

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Global Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise.

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