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

Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most complete platform for the modern workforce. The company has become one of the fastest-growing HCM software providers worldwide by offering an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build a strong workplace culture.

While traditional HR and payroll providers automate basic HR processes such as payroll and benefits administration, Paylocity goes further by developing tools that HR and businesses need to compete for talent and deliver against the expectations of the modern workforce.

We give our employees what they need to succeed, including great benefits and perks! We offer medical, dental, vision, life, disability, and a 401(k) match, as well as perks that support you, your family, and your finances. And if it’s career development you desire, we provide that, too! At Paylocity, people matter most and have always been at the heart of our business.

When you feel like you belong, work is no longer work – it's personal. At Paylocity, we believe better employees lead to better companies. Workplaces and cultures that care will build the future, and at Paylocity, we’re doing just that. Join us as we change the future and transform your career!

There are jobs and then there are careers. Since 1997, Paylocity has been hiring talented people, giving them big challenges, and providing the right resources to help them succeed. Our award-winning culture ensures all employees feel truly welcome, appreciated, and free to be themselves. While other companies talk about it, we make it happen. Join Paylocity and launch your career!

Fully Remote (U.S. Only): This is a fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements. You must be available five days per week during designated work hours. The work arrangement for this role is subject to change based on business needs and individual performance. This may include adjustments to on-site requirements or schedule expectations, as necessary.

Position Overview

The Senior Manager Fraud Risk Mitigation leads Paylocity’s fraud prevention, detection, and investigation efforts across the full suite of Paylocity and Airbase products, including Payroll, Spend Management, Corporate Cards, Bill Payments, and Reimbursements. This leadership role is responsible for developing and executing a unified fraud mitigation strategy that protects clients and the organization from financial loss, while aligning with the goals of the integrated risk organization.

Reporting to the Director, this role oversees a team of Risk Investigators and guides their work in complex fraud investigations, analysis, and response. It requires deep expertise in fraud typologies across various payment rails (ACH, Card, Wire, RTP) and product types. The Senior Manager drives optimization of fraud detection tools and technologies, manages key vendor and partner relationships, and fosters strong cross-functional collaboration. A continuous improvement mindset and a commitment to maintaining platform integrity are essential to success in this role.

Primary Responsibilities

The below represents the primary duties of the position, others may be assigned as needed. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Senior Manager, Fraud Risk Mitigation holds ultimate accountability for the operational effectiveness and strategic direction of fraud prevention and investigation functions across Paylocity and Airbase. This includes leading a large team, setting performance standards, defining policies and procedures, and representing the fraud risk function to executive leadership and external partners. You will ensure robust monitoring, timely investigation, and effective resolution of fraudulent activities while balancing risk mitigation with a positive customer experience.

• Develop, implement, and continuously refine a comprehensive fraud risk mitigation strategy encompassing prevention, detection, investigation, and reporting for all Paylocity and Airbase products.
• Lead, manage, and scale a large team of Risk Investigators, providing coaching, mentorship, performance management, and fostering a highperformance culture.
• Oversee complex, cross-channel fraud investigations, ensuring thoroughness, accuracy, and timely resolution, including root cause analysis to identify and address vulnerabilities.
• Direct the evaluation, implementation, and optimization of fraud detection systems, tools, technologies, and rules engines to maximize effectiveness and efficiency.
• Develop and oversee chargeback management strategies related to fraud across relevant payment networks (e.g., Visa, Mastercard, NACHA, TCH), ensuring rules are applied effectively to minimize losses.
• Establish and monitor key performance indicators (KPIs) for fraud losses, detection rates, investigation turnaround times, and team productivity, reporting findings and trends to senior management.
• Maintain expert knowledge of current and emerging fraud trends, typologies, and mitigation techniques relevant to Payroll, Spend Management, B2B Payments, and other FinTech services.
• Develop, maintain, and enforce internal fraud policies, investigation standards, case management procedures, and workflows.
• Collaborate closely with Product, Engineering, Operations, Legal, Compliance, and Data Science teams to embed fraud prevention measures into product design and operational processes.
• Manage relationships with key external partners, including financial institutions, payment processors, and fraud solution vendors.
• Ensure timely and accurate regulatory reporting related to fraud incidents (e.g., Suspicious Activity Reports) as required.
• Develop and deliver fraud awareness training programs for internal teams.

Education and Experience

• Bachelor's degree in Criminal Justice, Business Administration, Finance, Risk Management, or a related field. Master’s degree preferred.
• Minimum of 10+ years of progressive experience in fraud detection, prevention, investigation, and/or chargeback management, preferably within FinTech, Payments, Banking, or SaaS industries.
• Minimum of 5+ years of experience in a leadership role, managing and developing teams of fraud analysts or investigators, with proven success in scaling operations.
• Expert knowledge of fraud typologies, prevention strategies, and investigation techniques across various payment methods (ACH, Card Networks, Wires, RTP) and B2B/B2C products (Payroll, Bill Pay, Corporate Cards, Spend Management).
• Deep understanding of relevant regulations, laws, and network rules (e.g., Reg E, BSA/AML, NACHA Operating Rules, Visa/Mastercard chargeback rules).
• Proven experience with implementing and managing sophisticated fraud detection tools and case management systems.
• Demonstrated ability to develop and execute strategic plans, manage complex initiatives, and drive results in a fast-paced environment.
• Strong analytical skills with the ability to interpret complex data, identify trends, and make data-driven decisions.
• Excellent leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Experience managing vendor relationships and contract negotiations.
• Certified Fraud Examiner (CFE) or similar certification is highly desirable.
• Experience working through organizational integrations or M&A activities is a plus.

Physical requirements

• Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day.
• Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously.

Paylocity is an equal-opportunity employer. Paylocity is committed to the full inclusion of all individuals. We recruit, train, compensate, and promote regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law. At Paylocity, we believe diversity makes us better.

We embrace and encourage our employees’ differences in age, culture, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion or spiritual belief, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. We actively cultivate these differences through our employee resource groups (ERGs), employee experiences, perspectives, talents, and approaches to drive innovation in the software and services we provide our customers.

We comply with federal and state disability laws and make reasonable accommodations for applicants and employees with disabilities. To request reasonable accommodation in the job application or interview process, please contact accessibility@paylocity.com. This email address is exclusively designated for such requests, aligning with federal and state disability laws. Please do not send resumes to this email address, as they will be removed.

The base pay range for this position is $118,100 - $140,000/yr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. This position is eligible for an annual bonus and restricted stock unit grant based on individual performance in addition to a full range of benefits outlined here. This information is provided per the relevant state and local pay transparency laws for the location in which this position will be performed. Base pay information is based on market location. Applicants should apply via www.paylocity.com/careers.

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