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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

Analytics Analyst - Fraud

Chicago, IL · On-site

$63K - $83K/yr

Help improve underwriting and verification processes from a fraud-risk perspective Requirements: * A Bachelor's degree in a quantitative field (Statistics, Mathematics, Economics, Computer Science ...

Own the fraud risk strategy and the end-to-end defense architecture across the payments stack: vendor risk engines, internal controls, processor-level gates, and partner-bank requirements, with a ...

Analyze high-risk accounts to identify fraudulent merchants, card testing, account takeovers, and other fraud vectors * Lead root cause analyses to identify gaps in current systems, policies, and ...

Analyze high-risk accounts to identify fraudulent merchants, card testing, account takeovers, and other fraud vectors * Lead root cause analyses to identify gaps in current systems, policies, and ...

Help improve underwriting and verification processes from a fraud-risk perspective * Apply AI in production applications to streamline fraud prevention processes * Mentor and develop team members ...

Help improve underwriting and verification processes from a fraud-risk perspective * Apply AI in production applications to streamline fraud prevention processes * Mentor and develop team members ...

The Fraud Analyst II prepares Suspicious Activity Investigation Reports (SAIRs) and Suspicious Activity Reports (SARs), makes risk-based decisions, and escalates matters to management, compliance ...

Associate Fraud Analyst

Chicago, IL · On-site

$36 - $47/hr

As part of the Merchant Fraud team in Chicago you will be working closely with Risk, Product and other Merchant Operations teams. As a Merchant Fraud Analyst you will be responsible for identifying ...

New

Machine Learning Lead

Chicago, IL · On-site

$175 - $235/hr

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 ...

New

Showing results 21-40

Fraud Risk information

See Chicago, IL salary details

$14

$31

$76

How much do fraud risk jobs pay per hour?

As of Aug 21, 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 is fraud risk?

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 the key skills and qualifications needed to thrive as a fraud risk analyst?

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 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:

Infographic showing various Fraud Risk job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 9% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Cyber Fraud Investigations Analyst

Cypress HCM

Chicago, IL • Remote

$40 - $49.14/hr

Full-time

Re-posted 27 days ago


Job description


Cyber Fraud Investigations Analyst
Job Details
  • Cyber Fraud Investigations Analyst (Contract)
  • Location: Chicago IL 60611
  • Duration: 11/10/2025 to 11/09/2026
  • Team: Global Payments and Billings
Key Responsibilities:
  • Investigate, analyze, and report cases of fraud/abuse related activity within or targeting Adobe’s ecosystem.
  • Create and synthesize various data tables into usable, actionable intelligence.
  • Detail key attributes driving Fraud through signal identification and incorporate into machine learning models to create a more streamlined end-to-end process in mitigating fraud.
  • Provide data to internal teams for secondary review and identification of additional fraud patterns to further enhance machine learning and AI initiatives.
  • Integrate both traditional (covert/overt) and technical (SQL) investigative techniques within the intelligence gathering process.
  • Produce investigative reports synthesizing data and information from across multiple platforms, systems, and tools to present key findings to necessary stakeholders for case resolve.
  • Research cases ranging in complexity, fraud vector, and scope.
  • Collaborate with Data Analytics and Data Engineering to detect, scale, and monitor fraud/abuse related behavior through key point indicators and data visualizations.
  • Establish protocols for investigative practices, fraud detection, and actioning.
  • Analyze and verify escalations of suspected fraud from internal and external Adobe teams.
  • Utilize reverse engineering techniques to disrupt adversarial attack vectors.
  • Discover exploited or potential vulnerabilities and collaborate with Adobe internal teams to provide solutions-based recommendations to address identified gaps.
  • Work with Adobe internal teams to gain business-critical information.
  • Utilize internal and external fraud identification tools and platforms to formulate better detection and actioning strategies.
  • Engage with external groups and industry partners to combat fraud and abuse related behavior.
  • Identify and vet new data sources to perform pattern, trend analysis and enhance fraud detection capabilities.
  • Conduct thorough investigations of e-commerce transactions to identify anomalies and enhance fraud risk rules/assessments to increase the efficiency and effectiveness of fraud prevention measures.
Required Skills & Qualifications:
  • Bachelor's Degree or higher
  • 4+ years of relevant work experience in fields such as Fraud Detection, Investigations or Analytics, Financial Analysis, Cybersecurity, Criminal Justice, Digital Forensics, or a related area.
  • Excellent Written and Verbal Communication Skills – Ability to present key findings and recommendations to various stakeholders and audiences.
  • Adaptability/ Prioritization – Able to operate in a fast-paced work environment and shift focus/priorities quickly.
  • Creativity – “Thinking outside the box”; desire to learn new things approach.
  • Self-sufficient/Self-motivated - Can work collaboratively as well as independently through automated and manual efforts, having a proactive mindset.
  • Attentive to detail - Ability to be thorough in the end-to-end process of an ask or project.
  • Basic understanding and capability to execute investigation-style SQL queries (e.g., with inner/left joins).
  • Inquisitive and investigative nature: Driven by curiosity to understand the mindset and actions of an attacker.
  • Willingness and desire to work independently and problem-solve with visionary guidance.
  • Positive, learning mindset with a detail-oriented, analytical approach to problem-solving.
  • Ability to excel while working remotely with the skills and self-discipline to do so effectively.
  • Experience in Fraud Operations or Investigations is required.
  • Experience in commerce/transaction review for signal and anomalous pattern identification and knowledge of remediation efforts to include, but not limited to, risk rule adjustments.
Compensation:
  • $40.00 $49.14 per hour.
#36532472

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About Cypress HCM

Sourced by ZipRecruiter

We deliver consistently superior recruiting by virtue of trusting, communicative relationships with companies and candidates alike. From Fortune 100s to startups, clients lean on us to fulfill their range of needs from contract to full-time positions. With an intimate knowledge of the industries we serve, a keen sense of what makes for high-performing talent in any role, and shared sense of urgency, our clients will tell you: your solution begins here.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Walnut Creek, CA, US

Year founded

2005

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