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Fraud Software Engineer Jobs in Illinois (NOW HIRING)

Grindr

Staff Full Stack Engineer

Chicago, IL · On-site

$152K - $203K/yr

... fraud and spam prevention, and regulatory compliance . As a Staff engineer, you'll set the ... of professional software engineering experience, with deep production experience across both ...

Tavern Research

Engineer I, Surveys

Chicago, IL · On-site

$85K - $120K/yr

... working software, and understanding why we're building what we're building. This is a hands-on ... systems against fraud. We value in-person collaboration and expect regular time in our Chicago ...

RethinkFirst

Data Engineer (Microsoft Fabric)

Chicago, IL · Remote

$118K - $141K/yr

About the Role We\'re seeking a highly skilled and motivated hands-on Data Engineer to design ... If you believe that you have been a victim of job recruiting fraud, you should file a report with ...

Rethink

Data Engineer (Microsoft Fabric)

Chicago, IL · On-site +1

$118K - $141K/yr

About the Role We're seeking a highly skilled and motivated hands-on Data Engineer to design, build ... If you believe that you have been a victim of job recruiting fraud, you should file a report with ...

Views

Pharmacist - Product Owner (Software)

Chicago, IL · On-site

$60 - $72.25/hr

Work directly with CEO & VP of Engineering for pioneering new software initiatives disrupting the ... Fraud Waste & Abuse and OSHA; follow all company department policies and procedures. Encourage ...

FIS Amount

Automation Engineer

Chicago, IL · On-site

$80K - $100K/yr

With built-in fraud orchestration and risk management, FIS ® Amount™ enables financial ... Test Automation Engineer, Software Automation Engineer, Quality Automation Engineer, Automation ...

Booz Allen Hamilton, Inc.

API Engineer

IL · On-site +1

$86K - $198K/yr

... software development using Java or Python * Experience designing, deploying, and operating real ... We reserve the right to take your picture to verify your identity and prevent fraud. Candidate AI ...

Booz Allen Hamilton, Inc.

IL · On-site

$86K - $198K/yr

... software development using Java or Python * Experience designing, deploying, and operating real ... We reserve the right to take your picture to verify your identity and prevent fraud. Candidate AI ...

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Fraud Software Engineer information

What are the key skills and qualifications needed to thrive as a fraud software engineer, and why are they important?

To thrive as a Fraud Software Engineer, you need strong skills in software development, data analysis, and an understanding of fraud detection methodologies, usually backed by a degree in computer science or related fields. Familiarity with programming languages (such as Python, Java, or Scala), machine learning frameworks, and fraud detection platforms is typically required, along with relevant certifications in cybersecurity or data analytics. Analytical thinking, problem-solving, and effective communication are valuable soft skills that help in identifying threats and collaborating across teams. These skills and qualities are crucial for building robust systems that proactively detect and prevent fraudulent activities, safeguarding organizational assets.

What is the difference between Fraud Software Engineer vs Fraud Analyst?

AspectFraud Software EngineerFraud Analyst
Required CredentialsBachelor's in Computer Science or related field, coding skills, knowledge of fraud detection toolsBachelor's in Finance, Business, or related field, analytical skills, understanding of fraud patterns
Work EnvironmentDevelops and maintains fraud detection software, collaborates with engineering teamsAnalyzes fraud cases, reviews data, and implements fraud prevention strategies
Employer & Industry UsageTech companies, financial institutions, e-commerce platformsBanking, credit card companies, online payment providers

While both roles focus on combating fraud, Fraud Software Engineers develop and improve the technical systems used for detection, whereas Fraud Analysts analyze data and patterns to identify and prevent fraudulent activities. Both positions are essential in the fight against fraud but require different skill sets and responsibilities.

What is a fraud software engineer?

Fraud Software Engineers are specialists who design, develop, and maintain software systems aimed at detecting and preventing fraudulent activities. They work with advanced algorithms, machine learning, and data analysis to identify suspicious patterns or transactions in real time. Their role is crucial in safeguarding financial institutions, e-commerce platforms, and other organizations from financial losses due to fraud. They also collaborate closely with security teams to continuously improve fraud detection systems and stay ahead of evolving threats.

How do fraud software engineers typically collaborate with other departments to enhance fraud detection systems?

Fraud Software Engineers work closely with data analysts, cybersecurity teams, and product managers to develop and refine fraud detection tools. They often participate in cross-functional meetings to review emerging threats and adapt algorithms accordingly. Collaboration is essential for integrating real-time data feeds, sharing insights on fraudulent patterns, and ensuring that software solutions align with regulatory and customer requirements. This collaborative approach helps ensure that detection mechanisms remain robust and adaptable in a rapidly evolving landscape.
What are popular job titles related to Fraud Software Engineer jobs in Illinois? For Fraud Software Engineer jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Fraud Software Engineer jobs in Illinois look for? The top searched job categories for Fraud Software Engineer jobs in Illinois are:
What cities in Illinois are hiring for Fraud Software Engineer jobs? Cities in Illinois with the most Fraud Software Engineer job openings:
Fraud Software Engineer jobs near you

Core Cash Fraud Prevention Product Manager - Payments - Vice President

JPMorgan Chase & Co.

Chicago, IL • On-site

$114K - $180K/yr

Full-time

Medical, Retirement

Re-posted 3 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description


You enjoy shaping the future of product innovation as a core leader, driving value for customers, guiding successful launches, and exceeding expectations. Join our dynamic team and make a meaningful impact by delivering high-quality products that resonate with clients.
As a Product Manager in Core Cash Fraud Prevention, you are an integral part of the team that innovates new product offerings and leads the end-to-end product life cycle. As a core leader, you are responsible for acting as the voice of the customer and developing profitable products that provide customer value. Utilizing your deep understanding of how to get a product off the ground, you guide the successful launch of products, gather crucial feedback, and ensure top-tier client experiences. With a strong commitment to scalability, resiliency, and stability, you collaborate closely with cross-functional teams to deliver high-quality products that exceed customer expectations.
Job responsibilities
  • Leads the design, development, and implementation of a new Global Fraud Consortium data platform and its business rules to improve detection rules, models, and algorithms for core cash payment channels including Wires, ACH, RTP, and emerging payment methods
  • Develops a product strategy and product vision that delivers value to customers, aligned with business objectives and risk appetite for fraud prevention solutions
  • Manages discovery efforts and market research to uncover customer solutions and integrate them into the product roadmap, including threat analysis, competitive benchmarking, and emerging fraud pattern identification
  • Owns, maintains, and develops a product backlog that enables development to support the overall strategic roadmap and value proposition using Agile methodologies
  • Builds the framework and tracks the product's key success metrics such as cost, feature and functionality, risk posture, reliability, fraud detection effectiveness, and false positive rates
  • Analyzes fraud trends, attack vectors, and typologies to continuously enhance detection capabilities while balancing fraud prevention effectiveness with customer experience
  • Collaborates with data science teams to develop and deploy machine learning models that benefit from this new platform
  • Designs fraud detection and prevention mechanisms that comply with regional regulatory requirements
  • Collaborates with compliance, legal, and risk teams globally to ensure product features meet all applicable regulatory standards, fraud reporting obligations, and maintain proper documentation and audit trails for regulatory examinations

Required qualifications, capabilities, and skills
  • 5+ years of experience or equivalent expertise in product management or a relevant domain area
  • Advanced knowledge of the product development life cycle, design, and data analytics
  • Proven ability to lead product life cycle activities including discovery, ideation, strategic development, requirements definition, and value management
  • Minimum 3 years of Financial Technology experience with deep understanding of Banking Payment Domain including Wires, ACH, Real Time Payments, and ISO 20022 standards
  • Extensive experience working with fraud detection systems and deep understanding of fraud patterns, typologies, and attack vectors in payment ecosystems, including experience with fraud case management and investigation workflows
  • Proven experience designing and implementing payment and fraud prevention solutions
  • Strong proficiency in Agile development methodologies and tools (JIRA) with ability to write clear, comprehensive user stories following INVEST principles with well-defined acceptance criteria
  • Strong understanding of regional payment regulations and fraud prevention requirements across multiple jurisdictions (US, EMEA, APAC), and fraud reporting obligations
  • Experience with API design, contract definition, and specifications (Swagger) and knowledge of web service protocols and technologies (SOAP, XML, JSON)
  • SQL and database scripting capabilities with ability to analyze large datasets
  • Bachelor's or Master's degree required; Engineering, Computer Science, Mathematics, or related quantitative field

Preferred qualifications, capabilities, and skills
  • Demonstrated prior experience working in a highly matrixed, complex organization
  • 6-12 years of experience in software development or technology companies
  • Expertise in fraud detection methodologies, machine learning models, and rule-based engines
  • Experience with fraud detection rule engines and scoring models
  • Track record of delivering products with "first time right, on-time delivery" approach
  • Experience gathering and synthesizing requirements from diverse stakeholders including fraud investigators, compliance officers, and regional business partners through structured interviews and feedback sessions

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
A part of the Commercial & Investment Bank, J.P. Morgan Payments enables organizations of all sizes to execute transactions efficiently and securely, transforming the movement of information, money, and assets. The team of experts tackles complex challenges at every stage of the payment lifecycle. And their industry-leading solutions facilitate seamless transactions across borders, industries, and platforms.
Operating in over 160 countries and handling more than 120 currencies, J.P. Morgan Payments business is the largest processor of USD payments, with a daily transaction volume of $10 trillion.

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