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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

Adyen

Merchant Fraud Analyst

Chicago, IL · On-site

$85K - $110K/yr

As part of the, relatively new, Merchant Fraud team in Chicago you will be working closely with Risk, Product, and other Merchant Operations teams. Within this role you are responsible for ...

Coinflow

Machine Learning Lead

Chicago, IL · On-site

$175K - $235K/yr

Coinflow is seeking a Machine Learning Lead to own the fraud and risk intelligence layer at the core of our platform. This is a founding ML role. You'll lead our first dedicated ML team, building ...

Stripe

Risk Strategist, User Risk Strategy

Chicago, IL · On-site +1

$125K - $161K/yr

Familiarity with banking and money movement regulations, including KYC/KYB, AML OFAC compliance, and credit and fraud risk * Experience in a related role (risk, compliance, legal, consulting)

Avant LLC

Manager, Identity Fraud Strategy

Chicago, IL · On-site

$125K - $155K/yr

Design and optimize risk-based identity verification workflows using data-driven decisioning to balance approval rates, customer friction, and fraud loss. * Evaluate and integrate third-party ...

Avant

Manager, Identity Fraud Strategy

Chicago, IL · On-site

$125K - $155K/yr

Design and optimize risk-based identity verification workflows using data-driven decisioning to balance approval rates, customer friction, and fraud loss. * Evaluate and integrate third-party ...

Capital One

Sr. Business Manager - Fraud

Chicago, IL · On-site

Sr. Business Manager - Fraud Summary: Summary: The Sr. Business Manager will be a member of the ... Credit Risk: Drive step-change improvements in credit performance by connecting drivers of future ...

Byline Bank.

Fraud Analyst (Chicago, IL)

Chicago, IL · On-site

$52K - $64K/yr

General compliance or operational work related to Fraud elements to be considered. * 2+ years of experience in the lending industry, preferably in fraud detection and investigation, risk management ...

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Fraud Risk information

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How much do fraud risk jobs pay per hour?

As of Jul 10, 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 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 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 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 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

Merchant Fraud Analyst

Adyen

Chicago, IL • On-site

$85K - $110K/yr

Full-time

Re-posted 19 days ago

Job description

This is Adyen
Adyen provides payments, data, and financial products in a single solution for customers like Meta, Uber, H&M, and Microsoft - making us the financial technology platform of choice. At Adyen, everything we do is engineered for ambition.
For our teams, we create an environment with opportunities for our people to succeed, backed by the culture and support to ensure they are enabled to truly own their careers. We are motivated individuals who tackle unique technical challenges at scale and solve them as a team. Together, we deliver innovative and ethical solutions that help businesses achieve their ambitions faster.
Merchant Fraud Analyst
With our team growing rapidly, we are looking for an ambitious Merchant Fraud Analyst to join us. As part of the, relatively new, Merchant Fraud team in Chicago you will be working closely with Risk, Product, and other Merchant Operations teams. Within this role you are responsible for identifying, investigating, and preventing fraudulent activities related to our acquiring and embedded financial services. Your expertise will contribute to maintaining the integrity of our platform and ensuring a secure and trustworthy environment for our users. The Merchant Fraud Team is responsible for detecting and mitigating fraudulent activity that scalably reduces risk for Adyen and its customers.
What you'll do
  • As part of our growing Merchant Fraud team in Chicago you are pro-active and hands-on in improving our fraud operations processes
  • Monitor and investigate transaction patterns, account activities, and user behavior patterns to detect and mitigate fraudulent activities in real-time
  • Assist in the development and optimization of fraud detection systems and tools, suggesting improvements and enhancements as needed
  • Develop and optimize policies and procedures for fraud incident response, root cause analysis, funds recovery and communication protocols
  • Stay up-to-date with the latest fraud trends, techniques, and technologies to continuously enhance fraud detection and prevention methods

Who you are
  • 1-3 years of experience in fraud at a financial institution - experience in an issuing bank, PSP, or other fintech platform is a plus
  • Knowledge of the payments ecosystem, issuing and acquiring, and the fraud types impacting mainly issuers (e.g., chargeback fraud, scams, account takeover)
  • Highly analytical and data-apt; proficient in using data to identify emerging trends, drive investigations, and suggest improvements to fraud operations policies and tooling
  • Experience with fraud prevention, fraud detection, fraud investigations and fraud remediation in the banking sector
  • Willingness to make difficult decisions and quickly learn and iterate from these experiences - you are skilled at using data to drive decisions
  • You are able to work both on your own and with others, taking ownership where your knowledge is needed. At the same time you are a strong collaborator who is comfortable with connecting with colleagues globally across different teams and cultures, sharing ideas to improve efficient teamwork

The base salary for this role in Chicago will range from: $85,000.00 - $110,000.00. The total compensation package also includes equity (RSUs).
Our Diversity, Equity and Inclusion commitments
Our unique approach is a product of our diverse perspectives. This diversity of backgrounds and cultures is essential in helping us maintain our momentum. Our business and technical challenges are unique, and we need as many different voices as possible to join us in solving them - voices like yours. No matter who you are or where you're from, we welcome you to be your true self at Adyen.
Studies show that women and members of underrepresented communities apply for jobs only if they meet 100% of the qualifications. Does this sound like you? If so, Adyen encourages you to reconsider and apply. We look forward to your application!
What's next?
Ensuring a smooth and enjoyable candidate experience is critical for us. We aim to get back to you regarding your application within 5 business days. Our interview process tends to take about 4 weeks to complete, but may fluctuate depending on the role. Learn more about our hiring process here. Don't be afraid to let us know if you need more flexibility.
Adyen is an equal opportunity employer. We do not discriminate based on race, color, ethnicity, ancestry, national origin, religion, sex, gender, gender identity, gender expression, sexual orientation, age, disability, veteran status, genetic information, marital status or any legally protected status.
All your information will be kept confidential according to EEO guidelines.

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