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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

Description We are seeking an experienced Senior Data Scientist to lead fraud risk strategy optimization and entitylevel fraud state estimation across the enterprise. This role is critical to ...

Citizens

Fraud Risk Analytics Manager

Chicago, IL · Hybrid

$105K - $130K/yr

Description We are seeking an experienced Senior Data Scientist to lead fraud risk strategy optimization and entitylevel fraud state estimation across the enterprise. This role is critical to ...

Paylocity

Fraud Risk Analyst

Schaumburg, IL · On-site

Position Overview The Fraud Risk Analyst supports the Risk Mitigation team by performing initial reviews of suspicious activity, assisting with fraud detection processes, and maintaining accurate ...

Alliant

Associate Fraud Risk Analyst

Chicago, IL · On-site

$46.10K - $65.30K/yr

Research and analyze account activity to assess levels of risk and fraud. * Complete back-office functions related to research and resolution of fraudulent activity and service support. * Assess the ...

Old National Bank

Fraud Strategy Lead, Sr

Chicago, IL

$214.60K/yr

This role partners closely with Risk Management, Technology, Compliance, and product teams to quantify fraud risk exposure, evaluate mitigation strategies, and ensure fraud controls are aligned with ...

Old National Bank

Fraud Strategy Lead, Sr

Chicago, IL

$214.60K/yr

Fraud Strategy Lead, Sr Job Locations US-IL-Chicago | US-IN-Evansville | US-MN-Lake Elmo Category/Function Risk/Security Position Type Regular Full-Time Requisition ID 2026-19695 Workplace Type On ...

Old National Bank

Fraud Strategy Lead, Sr

Chicago, IL · On-site

$214.60K/yr

This role partners closely with Risk Management, Technology, Compliance, and product teams to quantify fraud risk exposure, evaluate mitigation strategies, and ensure fraud controls are aligned with ...

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$14

$31

$76

How much do fraud risk jobs pay per hour?

As of Jun 1, 2026, the average hourly pay for fraud risk in Chicago, IL is $31.25, according to ZipRecruiter salary data. Most workers in this role earn between $20.05 and $39.86 per hour, depending on experience, location, and employer.

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

To thrive as a Fraud Risk Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field, often supported by a relevant degree. Familiarity with fraud detection software, data analytics tools (like SQL, SAS, or Python), and certifications such as Certified Fraud Examiner (CFE) are typically required. Excellent problem-solving, communication, and critical thinking skills help you proactively identify risks and work effectively with cross-functional teams. These abilities are crucial for detecting and mitigating fraudulent activities, protecting organizational assets, and maintaining regulatory compliance.

What are some common challenges faced by professionals in Fraud Risk roles, and how can they be addressed?

Professionals in Fraud Risk roles often encounter challenges such as staying ahead of rapidly evolving fraud tactics, managing large volumes of data, and balancing the need for security with customer experience. To address these, it’s crucial to continuously update knowledge on emerging threats, leverage advanced analytical tools, and collaborate closely with IT, compliance, and customer service teams. Regular training, cross-department communication, and investment in technology can help ensure effective fraud detection and prevention while maintaining positive client interactions.

What is fraud risk and what does a fraud risk analyst do?

Fraud risk refers to the possibility that an individual or organization will intentionally deceive others for financial or personal gain. A fraud risk analyst is responsible for identifying, assessing, and mitigating risks related to fraudulent activities within a company or financial institution. Their duties typically include monitoring transactions, analyzing data patterns, developing anti-fraud policies, and working with law enforcement or regulatory agencies to investigate suspicious activities. By proactively managing fraud risk, these professionals help protect their organization’s assets and reputation.

What is the difference between Fraud Risk vs Fraud Analyst?

AspectFraud RiskFraud Analyst
Required CredentialsRisk management certifications, knowledge of fraud preventionCertifications like CFE, CPA, or fraud examination credentials
Work EnvironmentRisk assessment teams, compliance departmentsInvestigations, data analysis, reporting
Employer & Industry UsageFinancial institutions, insurance, retailBanking, finance, insurance, retail

Fraud Risk focuses on identifying and managing potential vulnerabilities to fraud within an organization, emphasizing risk assessment and mitigation strategies. Fraud Analysts, on the other hand, investigate specific fraud cases, analyze data, and detect fraudulent activities. While both roles require knowledge of fraud prevention, Fraud Risk professionals develop strategies to prevent fraud, whereas Fraud Analysts handle the detection and investigation of actual incidents.

What are the most commonly searched types of Fraud Risk jobs in Chicago, IL? The most popular types of Fraud Risk jobs in Chicago, IL are:
What are popular job titles related to Fraud Risk jobs in Chicago, IL? For Fraud Risk jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Fraud Risk jobs in Chicago, IL look for? The top searched job categories for Fraud Risk jobs in Chicago, IL are:
Fraud Risk jobs near you
Infographic showing various Fraud Risk job openings in Chicago, IL as of May 2026, with employment types broken down into 4% As Needed, 53% Full Time, 38% Part Time, 2% Temporary, 2% Contract, and 1% Nights. Highlights an 93% Physical, and 7% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Director, Fraud & Risk

Illinois Credit Union League

Naperville, IL • On-site

$97K - $135K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

Elevate your career by becoming the Full-Time Director of Fraud & Risk at the Illinois Credit Union League in Naperville, IL. This thrilling opportunity allows you to lead innovative strategies in a high-performance environment, where your insight will protect the integrity of credit unions across the region. Work from home flexibility means you can balance your personal and professional life while driving forward-thinking initiatives that will shape the future of the industry. Collaborate with a dynamic team of professionals who share your passion for excellence and integrity. In this role, you will not only face exciting challenges but also make a significant impact on the financial safety of our members.

You can get great benefits such as Medical, Dental, Vision, 401(k), Life Insurance, Paid Time Off, and Employee Discounts. Ready to make your mark in a position that empowers you to think creatively and strategically? Join us and redefine the landscape of fraud prevention and risk management!

Your role as a Director, Fraud & Risk

As the Director of Fraud & Risk at the Illinois Credit Union League, your day-to-day responsibilities will involve a dynamic mix of strategic oversight and hands-on management. You will analyze risk factors and develop preventive measures to safeguard assets, ensuring compliance with industry regulations. Collaborating with cross-functional teams, you'll design and implement innovative fraud detection systems while providing training and guidance to staff on best practices. Regularly monitoring and reporting on key performance indicators, you will assess the effectiveness of existing strategies and refine them as needed. Additionally, you will engage with external stakeholders and industry partners, staying abreast of emerging trends and threats.

Leading risk assessment meetings and facilitating workshops will be essential to foster a culture of vigilance and integrity within the organization. Ultimately, your leadership will drive the organization towards excellence in risk management.

Are you a good fit for this Director, Fraud & Risk job?

To excel as the Director of Fraud & Risk at the Illinois Credit Union League, several key skills are essential. First and foremost, analytical thinking is critical; you must be adept at identifying patterns, interpreting complex data, and anticipating potential risks. Strong communication skills will facilitate effective collaboration with cross-functional teams and stakeholders, ensuring your insights and recommendations are clearly understood and actionable. Leadership abilities are paramount, as you'll be guiding teams in the implementation of strategies that bolster security and compliance. A proactive approach to problem-solving will allow you to navigate challenges with confidence and innovation.

Additionally, a keen awareness of industry trends and regulatory changes is necessary to adapt strategies accordingly. Finally, a commitment to integrity and ethical decision-making will underpin all your actions, ensuring that the organization maintains its core values while mitigating risk effectively.

Your next step

If this sounds like the right job for you, don't wait - apply today to join our team. We look forward to hearing from you!


Job Posted by ApplicantPro