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Fraud Risk Jobs in Chicago, IL (NOW HIRING)

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, 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. • ...

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 ...

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 ...

Old National Bank

Wealth Risk Officer

Chicago, IL · On-site

$60K - $121K/yr

Wealth Risk Officer Job Locations US-MN-St Louis Park | US-MN-Saint Paul | US-MN-Minneapolis | US ... fraud * Develop and conduct Compliance Training for new employees and new policies/procedures

New

FINRA

Principal Analyst, Risk Monitoring

Chicago, IL · Hybrid

Fraud and Deception, Money Laundering, and Market Risk * FINRA Securities Industry Essentials (SIE) certification or acceptable industry equivalent certification is required upon hire or within 16 ...

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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 Jul 14, 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
AVP, Authentication Analytics & Strategy

AVP, Authentication Analytics & Strategy

Synchrony

Chicago, IL • On-site

Full-time

Posted 22 days ago

Job description

Role Summary/Purpose:
The AVP, Authentication Analytics & Strategy is responsible for leading data-driven strategy development for customer authentication across digital channels. This role drives measurable reductions in fraud and account takeover risk while improving customer experience through optimized authentication journeys, experimentation, and performance management. The AVP partners cross-functionally with product, technology, fraud strategy, and compliance stakeholders to translate insights into scalable roadmaps, policies, and operational controls.
Essential Responsibilities:
  • Define target-state authentication journeys (friction-right) and decisioning frameworks (risk-based, adaptive authentication) across all customer touchpoints
  • Translate business objectives into measurable OKRs/KPIs, and establish governance cadence (monthly/quarterly reviews) to track progress and ROI
  • Identify and prioritize high-impact opportunities across policy tuning, signal enrichment, model enhancements, vendor capabilities, and platform modernization
  • Create executive-ready narratives and recommendations supported by data, trade-off analysis, and implementation feasibility
  • Conduct deep dives on key events (ATO spikes, bot activity, credential stuffing, SIM swap indicators, device compromise), and recommend control improvements
  • Partner with data science/engineering to define data requirements, instrumentation, and feature availability to improve decisioning effectiveness
  • Quantify customer impact and financial benefits: loss avoidance, operational savings, digital conversion uplift, and customer satisfaction improvements
  • Perform other duties and/or special projects as assigned

Qualifications/Requirements:
  • Bachelor's degree and 5+ years of experience building analytically derived strategies within Credit, Marketing, Risk or Collections in Financial services, or in lieu of a Bachelor's degree, 9+ years of experience building analytically derived strategies in Marketing, Risk or Collections in Financial services.
  • 3+ years of experience working with statistical tools such as SAS, Python, Tableau.
  • Expert level proficiency with Excel
  • 3+ years of experience in retail, business, installment loans, or private label credit.
  • Excellent temperament and ability to work through uncertainty, collaborate respectfully across functions & teams, and find solutions to issues
  • Ability and flexibility to travel for business as required

Desired Characteristics:
  • 7+ years of experience in analytics, strategy, fraud risk, authentication, identity, cybersecurity, or digital product analytics within financial services, payments, fintech, or e-commerce
  • Proven track record of developing strategy and driving measurable outcomes across risk reduction and customer experience improvements
  • Strong analytical skillset: SQL proficiency; experience with Python/R preferred; ability to define metrics, build data stories, and perform root-cause analysis
  • Experience with experimentation/measurement frameworks: A/B testing, test design, lift measurement, causal inference basics, and KPI governance
  • Knowledge of authentication and fraud patterns: MFA/2FA, OTP, biometrics, device intelligence, behavioral analytics, bot/automation defenses, credential stuffing, and ATO typologies
  • Executive communication skills: ability to influence senior stakeholders and drive alignment across competing priorities

Grade/Level: 11
The salary range for this position is 90,000.00 - 155,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Our Way of Working:
We're proud to offer you flexibility. At Synchrony, our way of working allows you to have the option to work from home near one of our Hubs or come into one of our offices. You will be required to commute to your nearest Hub (either virtual or physical) for in-person engagement activities such as regular business or team meetings, training and culture events.
*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.
Eligibility Requirements:
  • You must be 18 years or older
  • You must have a high school diploma or equivalent
  • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
  • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Our Commitment:
When you join us, you'll be part of an inclusive culture where your individual skills, experience, and voice are not only heard - but valued. Together, we're building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We're proud to have an award-winning culture for all.
Reasonable Accommodation Notice:
  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time

Job Family Group:
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