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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

Wonder Group, Inc.

Analyst, Fraud Strategy

Chicago, IL

$96K - $102K/yr

Bachelor's degree in a quantitative discipline (or equivalent work experience). * 3-5 years of experience in fraud, risk, payments, analytics, or statistical roles. * Prior exposure to statistics and ...

Grubhub

Analyst, Fraud Strategy

Chicago, IL

$96K - $102K/yr

Bachelor's degree in a quantitative discipline (or equivalent work experience). * 3-5 years of experience in fraud, risk, payments, analytics, or statistical roles. * Prior exposure to statistics and ...

Wonder Group, Inc.

Analyst, Fraud Strategy

Chicago, IL · On-site

$96K - $102K/yr

Bachelor's degree in a quantitative discipline (or equivalent work experience). * 3-5 years of experience in fraud, risk, payments, analytics, or statistical roles. * Prior exposure to statistics and ...

Adyen

Merchant Fraud Analyst

Chicago, IL

$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 ...

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 ...

Stripe

Risk Strategist, User Risk Strategy

Chicago, IL · On-site +1

$125.20K - $161.70K/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)

Accertify, Inc.

SRS Fraud Strategist

Itasca, IL · On-site

$70K - $80K/yr

Perform fraud-focused data analyses for Strategic Risk clients to showcase where and how fraud is taking place; leverage this data to make recommendations on strategy improvements, providing metrics ...

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Fraud Risk information

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$14

$31

$76

How much do fraud risk jobs pay per hour?

As of May 31, 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.

Senior Data Analyst, Authentication Risk

Chime Financial, Inc

Chicago, IL • Hybrid

Other

Posted 23 days ago

Job description

About the Role

We're hiring a Data Analyst to join our Authentication Risk team, where you'll play a critical role in preventing Account Takeover (ATO), reducing fraud losses, and protecting member trust. This role sits at the intersection of data, risk strategy, and product decisioning, with a strong emphasis on authentication flows, identity verification, and abuse prevention.

You'll partner closely with Product, Engineering, Analytics, DSML, and OMX to identify emerging attack patterns, design data-backed controls, and continuously improve authentication resilience while maintaining a seamless member experience.

Your work will directly impact how we detect, prevent, and respond to authentication risk at scale helping ensure Chime remains both secure and easy to use for millions of members.

The base salary offered for this role and level of experience will begin at $133,000.00 and up to $185,000.00. Full-time employees are also eligible for a bonus, competitive equity package, and benefits. The actual base salary offered may be higher, depending on your location, skills, qualifications, and experience.

In this role, you can expect to
  • Analyze authentication and ATO-related risk signals to proactively identify fraud trends, abuse patterns, and control gaps, balancing loss reduction with member experience (40%)
  • Partner with cross-functional teams to design, test, and deploy authentication and ATO prevention strategies, including product and policy changes across login, recovery, and verification flows (40%)
  • Build and maintain dashboards and reporting to monitor authentication health, ATO rates, fraud losses, and member impact metrics (10%)
  • Support ad-hoc risk investigations and analysis related to authentication abuse, incidents, andf emerging threats (10%)
To thrive in this role, you have
  • 5+ years of experience in Fraud, Risk, Compliance, or Investigations, with exposure to ATO or authentication-related risk
  • 2+ years of hands-on analytics experience, ideally in FinTech or a high-scale consumer platform
  • Strong SQL skills and the ability to work comfortably with large, complex datasets
  • Solid understanding of authentication mechanisms, account security risks, and industry fraud trends
  • Experience developing or influencing risk strategies, policies, or controls
  • High attention to detail with a strong bias toward structured, data-driven problem solving
  • Ability to operate in a fast-paced environment, manage ambiguity, and deliver high-quality work under tight timelines
  • Bachelor's or Master's degree in a quantitative field (engineering, statistics, math, economics preferred)
  • A strong alignment with Chime's mission and a passion for protecting members from fraud

#LI-Hybrid #LI-EI1

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