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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

Coin Flow

Machine Learning Engineer

Chicago, IL · On-site

$160K - $220K/yr

Experience building decisioning, optimization, fraud, risk, or other payments systems * Experience in fintech, payments, or other financial services environments * Experience as an early data/ML hire ...

PayPal, Inc.

Sr Data Scientist

Chicago, IL · On-site

Your way to impact: • Own the areas of Fraud risk policy: Work on Broad area of projects from card risk strategies, acquisition and payment risk strategies, all depending on the business need. • ...

Reverb

Trust and Safety Specialist

Chicago, IL · On-site

$44K - $57K/yr

This is a full-time, hybrid position reporting to the Fraud Risk Operations Manager. Our hybrid team members work from our Chicago office once a week [on Tuesdays] and come together for quarterly org ...

Adyen

Group Manager, Financial Crime Americas

Chicago, IL · On-site

$160K - $220K/yr

In close partnership with Fraud, Risk, Product, Compliance, and global operations teams, you will translate regulatory expectations, data, and intelligence into scalable, intelligence-led solutions ...

PayPal

Sr Data Scientist

Chicago, IL

Own the areas of Fraud risk policy: Work on Broad area of projects from card riskstrategies, acquisitionand payment risk strategies, all depending on the business need. Work closely with Stakeholders ...

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 ...

PayPal

Director, Risk Management

Chicago, IL · On-site

$176K - $262K/yr

Monitor and analyze risk exposure to ensure alignment with organizational objectives. * Lead ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

PayPal, Inc.

Director, Risk Management

Chicago, IL · On-site

$176K - $262K/yr

Monitor and analyze risk exposure to ensure alignment with organizational objectives. * Lead ... To learn more about how to identify and avoid recruitment fraud please visit For the majority of ...

Coinflow

Applied AI Lead

Chicago, IL · On-site

$150K - $220K/yr

Experience in fintech, payments, compliance, fraud, risk, security, or other high-stakes operational environments * Experience driving internal AI adoption or enablement, not just shipping standalone ...

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Fraud Risk information

See Chicago, IL salary details

$14

$31

$76

How much do fraud risk jobs pay per hour?

As of Jun 9, 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
Infographic showing various Fraud Risk job openings in Chicago, IL as of June 2026, with employment types broken down into 2% As Needed, 64% Full Time, 24% Part Time, 5% Contract, and 5% Nights. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $65,002 per year, or $31.3 per hour.

Machine Learning Engineer

Coin Flow

Chicago, IL • On-site

$160K - $220K/yr

Other

Medical, Retirement

Posted 14 days ago

Job description

About Coinflow
Coinflow is the next-generation payment service provider revolutionizing global financial infrastructure with stablecoins, AI-driven fraud prevention, and instant settlement. Coinflow enables businesses to grow faster with instant settlement, fraud & chargeback indemnity, global pay-ins, multi-currency FX, and unified payouts. Founded in 2023, the company serves marketplaces, fintechs, remittance providers, gaming platforms, and ecommerce merchants worldwide.
Since our seed round in 2024, we've achieved 23x revenue growth and scaled to multi-billion-dollar annual transaction volume. In response to this growth, Coinflow announced a $25M Series A in October 2025-led by Pantera Capital, CMT Digital, Coinbase Ventures, Jump Crypto, and Reciprocal Ventures-accelerating our mission to power the world's fastest-moving businesses with innovative, reliable global payments.
Coinflow is proudly headquartered in Chicago, IL. Learn more at coinflow.cash.
Role Overview:
Coinflow is seeking a Machine Learning Engineer to help build the intelligence layer that powers our platform.
This is a zero-to-one role. You will be the first dedicated ML hire and will own how data and machine learning are developed and applied across Coinflow. You'll explore large-scale transaction and behavioral data, build models and analytical systems, define what success looks like, and embed intelligence directly into our products and internal tooling.
The ideal candidate is deeply curious, excited to experiment, and motivated by building something that does not yet exist.
Key Responsibilities:
  • Build and evolve machine learning models and analytical systems that support platform decisioning and product intelligence
  • Establish the foundation for data and machine learning practices across the company
  • Define, own, and evolve core metrics across platform health, performance, and risk
  • Explore transaction and behavioral data to uncover patterns, signals, and new insights
  • Partner closely with Engineering, Product, and Operations to turn open-ended problems into real systems
  • Design how models and data systems are evaluated, improved, and trusted over time
  • Build internal workflows and tooling that support operational and product teams
  • Help shape Coinflow's long-term data and machine learning roadmap
Required Qualifications:
  • 4+ years of experience in machine learning, applied data science, or production ML roles
  • Strong foundation in machine learning, statistics, and analytical problem solving
  • Experience building models or data-driven systems that operate in real products
  • Comfort working with ambiguous problems and creating structure where none exists
  • Strong communication skills and experience collaborating cross-functionally
  • High ownership mindset with genuine curiosity about messy, real-world data
Preferred Qualifications:
  • Experience building decisioning, optimization, fraud, risk, or other payments systems
  • Experience in fintech, payments, or other financial services environments
  • Experience as an early data/ML hire at a startup
  • Experience working with high-volume behavioral or financial data
What We Offer:
  • Competitive compensation including base salary, performance bonus, and meaningful ownership
  • Opportunity to build the fraud and risk intelligence layer of a rapidly scaling fintech company
  • Collaborative and innovative work environment with world-class investors
  • Direct impact on core risk infrastructure and company trajectory during a hypergrowth phase

The base salary range for this role is $160,000 to $220,000 USD. The actual base salary offered depends on a variety of factors, including but not limited to experience, education, skills, qualifications and business needs.
In addition, the employee who fills this role will be eligible for an equity grant, allowing you to share in the long-term success of the company. You will also have access to a wide array of benefits, including health and wellness benefits, 401(k) savings plan, and flexible time off.
Join the team rewriting how money moves worldwide-and become a driving force in the $194 trillion cross-border payments market.

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