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

PayPal, Inc.

Sr Manager, Risk Management

Chicago, IL · On-site

$130K - $193K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

PayPal

Sr Manager, Risk Management

Chicago, IL · On-site

$130K - $193K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

PayPal, Inc.

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

PayPal

Sr Manager, Risk Management

Chicago, IL · On-site

$143K - $212K/yr

This job leads complex projects related to risk management, collaborates with teams to identify ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

NorthShore

Assistant Vice President, Audit

Warrenville, IL · On-site

$90.48 - $140.24/hr

Change management within the audit team and identifying technology needs and developing and ... Develop a Fraud Risk Program with Legal and Finance. * Embed fraud risk assessments into every ...

Centier

Fraud Investigator

Merrillville, IN · On-site

... risk mitigation efforts and provide clear documentation of all findings. This role must also ... Works with the Associates and Managers on incidents and/or allegations involving any new or ...

Avant LLC

Manager, Identity Fraud Strategy

Chicago, IL · On-site

$125K - $155K/yr

The Manager, Identity Fraud Strategy owns the design and continuous optimization of Avant ... Design and optimize risk-based identity verification workflows using data-driven decisioning to ...

Stripe

Risk Strategist, User Risk Strategy

Chicago, IL · On-site +1

$125K - $161K/yr

... credit and fraud risk * Experience in a related role (risk, compliance, legal, consulting ... Strong stakeholder management skills, including experience influencing product and engineering ...

PayPal

Director, Risk Management

Chicago, IL · On-site

$176K - $262K/yr

This job establishes overall business or technical strategy for risk management, influences ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

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All JobsFraud Risk JobsFraud Risk Manager JobsFraud Risk Manager Jobs in Chicago, IL

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 Jun 9, 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.

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 are the key skills and qualifications needed to thrive as a Fraud Risk Manager, and why are they important?

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.

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.

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.
Fraud Risk Manager jobs near you
Infographic showing various Fraud Risk Manager job openings in Chicago, IL as of June 2026, with employment types broken down into 1% As Needed, 92% Full Time, 4% Part Time, 1% Temporary, and 2% Nights. Highlights an 89% Physical, 5% Hybrid, and 6% Remote job distribution, with an average salary of $114,919 per year, or $55.2 per hour.

Health & Benefits - Compliance Investigator (Remote)

Inspira Financial

Oak Brook, IL • Remote

Full-time

Posted 13 days ago

Inspira Financial rating

8.0

Company rating: 8.0 out of 10

Based on 16 frontline employees who took The Breakroom Quiz

Job description

The Compliance Investigator will report to the Fraud Investigations Manager in the Compliance and Risk Management Department. This role is responsible for performing a variety of duties to assist Inspira Financial Trust in investigating, resolving, and preventing fraudulent activity. Specifically, the Compliance Investigator will investigate reports of potential fraudulent transactions and other suspicious activity, update and maintain investigation logs, prepare and report incident summaries to applicable stakeholders, and respond to various incident-related questions. The Compliance Investigator will also act as a strategic partner to various departments across the business and provide guidance regarding product design, gaps that may represent potential fraud risk, and recommendations for anti-fraud security tools and process workflows.

  • Assist in the intake, triage, assignment, and tracking of potential incidents and suspicious activity reported to the Fraud Management Team.
  • Perform a complete and accurate investigation of reported incidents including account history and transaction review, initiating mitigation and containment actions, providing reports to stakeholders, and offering recommendations for remediation.
  • Collaborate with the Fraud Investigations Manager to conduct fraud risk analysis on a periodic basis.
  • Identify gaps/areas that could be targeted by threat actors and assist the Fraud Investigations Manager in recommending actionable changes to implement industry best practices, fraud prevention tools, and secure process design.
  • Document all investigative activities and prepare written reports of findings and recommendations.
  • Maintains records, databases, logs, and other needed documentation related to fraudulent activity.
  • Promote a culture of fraud awareness, prevention-first mentality, and personal accountability across all levels of the enterprise.
  • Other duties as assigned.

Typical schedule is 8 a.m. CT to 5 p.m. CT / 9 a.m. ET to 6 p.m. ET.

What Inspira Financial employees say

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