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Overnight Fraud Risk Management Jobs in Illinois

Weitz and Luxenberg PC

Fraud Officer

Moline, IL · On-site

$58K - $72K/yr

The Fraud Officer works with Risk Management, BSA/AML, Compliance, Operations, Retail Banking, Information Technology, Accounting, and management to identify fraud trends, strengthen controls ...

CBI Bank & Trust

Fraud Officer

Moline, IL · On-site

$58K - $72K/yr

The Fraud Officer works with Risk Management, BSA/AML, Compliance, Operations, Retail Banking, Information Technology, Accounting, and management to identify fraud trends, strengthen controls ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Analyst will be responsible for leading efforts to shape risk management ... Recruitment fraud is on the rise, with scammers using misleading promises of job offers and ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

The Risk Management Policy Analyst will be responsible for leading efforts to shape risk management ... Recruitment fraud is on the rise, with scammers using misleading promises of job offers and ...

First State Bank and Trust

BSA/Fraud Analyst

Monticello, IL · On-site

$50K - $65K/yr

Associate's or Bachelor's degree in Business, Finance, Criminal Justice, Accounting, Risk Management, or a related field preferred. * 2-5 years of experience in banking, fraud, BSA/AML, or related ...

New

Coinme

Director of Payments & Risk

Chicago, IL · On-site

... fraud/AML seam. * Manage the vendor and partner ecosystem at both levels: hands-on (rules ... The AI-assisted risk operation runs as a team-owned product: documented, version-controlled ...

Byline Bank.

Fraud Analyst II (Chicago, IL)

Chicago, IL · On-site

$61K - $76K/yr

Collaborates with Fraud Operations, Anti-Money Laundering, Compliance, Risk Management, Security, and Law Enforcement when necessary. * Monitors fraud trends and recommend enhancements to fraud ...

Arrive Logistics

Risk Manager

Chicago, IL · On-site

Minimum of 6 years of experience in supply chain risk management, with exposure to fraud and theft prevention within the transportation or logistics industry. * Prior experience in law enforcement or ...

Arrive Logistics

Risk Manager

Chicago, IL · On-site +1

$105K - $132K/yr

Minimum of 6 years of experience in supply chain risk management, with exposure to fraud and theft prevention within the transportation or logistics industry. * Prior experience in law enforcement or ...

Busey Bank

Fraud Liaison

Champaign, IL · On-site

$71K - $90K/yr

The Financial Crimes Liaison will coordinate fraud and financial crimes matters that impact ... Supports and collaborates with the Financial Crimes Risk Management Department and the Client ...

Busey

Fraud Liaison

Champaign, IL · On-site

$71K - $90K/yr

The Financial Crimes Liaison will coordinate fraud and financial crimes matters that impact ... Supports and collaborates with the Financial Crimes Risk Management Department and the Client ...

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All JobsFraud Risk Management JobsOvernight Fraud Risk Management JobsOvernight Fraud Risk Management Jobs in Illinois

Overnight Fraud Risk Management information

What is overnight fraud risk management?

Overnight Fraud Risk Management jobs involve monitoring financial transactions and account activity during nighttime hours to detect and prevent fraudulent activities. Professionals in these roles use specialized software and investigative techniques to identify suspicious behavior, respond to alerts, and minimize financial losses. They often work for banks, credit card companies, or other financial institutions, ensuring that any potential threats are addressed swiftly, even outside of standard business hours. Strong analytical skills, attention to detail, and the ability to work independently are important for success in these positions.

What are the main challenges faced by professionals working in overnight fraud risk management, and how can they be addressed?

Professionals in Overnight Fraud Risk Management often face the challenge of quickly identifying and responding to suspicious activities during non-business hours when support from other departments may be limited. Staying alert and maintaining attention to detail is crucial, as fraudulent transactions can occur at any time. To address these challenges, team members rely on robust monitoring systems, clear escalation protocols, and regular communication with daytime teams to ensure seamless case handovers and continuous coverage. Building strong knowledge of fraud patterns and staying updated on emerging threats also helps in making informed decisions during overnight shifts.

What are the key skills and qualifications needed to thrive as an overnight fraud risk management specialist, and why are they important?

To thrive in Overnight Fraud Risk Management, you need strong analytical skills, attention to detail, and a background in finance, criminal justice, or a related field. Familiarity with fraud detection software, transaction monitoring systems, and sometimes certifications like Certified Fraud Examiner (CFE) are typically required. Excellent problem-solving abilities, effective communication, and the ability to stay focused during overnight shifts are valuable soft skills in this role. These competencies are crucial for quickly identifying and mitigating fraudulent activities to protect company assets outside regular business hours.

What is the difference between Overnight Fraud Risk Management vs Fraud Analyst?

AspectOvernight Fraud Risk ManagementFraud Analyst
Primary FocusMonitoring and managing fraud risks during overnight hoursAnalyzing and investigating fraud cases across all hours
Work EnvironmentNight shifts, often in security or risk departmentsDay or shift work in financial or banking institutions
Required CredentialsRisk management certifications, knowledge of fraud detection toolsFinancial or criminal justice background, analytical skills

Overnight Fraud Risk Management roles focus on monitoring fraud risks during night hours, often requiring specialized risk management knowledge. Fraud Analysts typically work during regular hours analyzing and investigating fraud cases. Both roles are essential in combating financial fraud but differ mainly in work hours and specific responsibilities.

What are the most commonly searched types of Fraud Risk Management jobs in Illinois?

The most popular types of Fraud Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Overnight Fraud Risk Management jobs?

Cities in Illinois with the most Overnight Fraud Risk Management job openings:

Overnight Fraud Risk Management jobs near you

Fraud Officer

Weitz and Luxenberg PC

Moline, IL • On-site

$58K - $72K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 16 days ago

Job description

Job Type
Full-time
Description
Job Summary:
The Fraud Officer leads the Bank's fraud prevention, detection, investigation, reporting, and loss mitigation efforts. This role serves as the primary contact for fraud matters across deposit operations, digital banking, debit card, ACH, wire transfer, check, new account, elder exploitation, and related fraud channels. The Fraud Officer works with Risk Management, BSA/AML, Compliance, Operations, Retail Banking, Information Technology, Accounting, and management to identify fraud trends, strengthen controls, support regulatory reporting, reduce losses, and protect customers and the Bank.
Essential Duties & Responsibilities:
  1. Develops and maintains fraud-related procedures, controls, and workflows.
  2. Serves as the Bank's central contact for fraud matters involving ACH, wire, debit card, check, digital banking, new accounts, identity theft, elder exploitation, and related activity.
  3. Reviews and investigates suspected fraud by analyzing account activity, transaction patterns, documentation, system alerts, and customer information.
  4. Coordinates customer fraud claims, dispute investigations, provisional credit requirements, loss recovery, and required documentation.
  5. Partners with the BSA Officer on fraud-related suspicious activity reviews, SAR documentation, and escalation of BSA/AML concerns.
  6. Cross-trains with BSA/AML Officer to provide mutual support as operational needs and opportunities arise.
  7. Supports wire, ACH, OFAC, account restriction, exception, and fraud-related operational controls.
  8. Tracks fraud cases, trends, losses, recovery activity, control gaps, subpoenas, restitution matters, and law enforcement requests.
  9. Prepares fraud reports, risk assessment input, and control recommendations for management, committees, audits, and examinations.
  10. Works with business units and vendors to evaluate monitoring tools, alert parameters, authentication practices, and fraud prevention controls.
  11. Provides fraud awareness guidance and training on red flags, escalation procedures, account actions, and customer communications.
  12. Performs other duties, projects, and responsibilities as assigned.

Requirements
Qualifications:
  • Bachelor's or Associate's degree in business, finance, accounting, criminal justice, information systems, or related field; five years of related banking, fraud, operations, BSA/AML, compliance, investigations, or risk management experience; or equivalent education and experience.
  • Community bank or financial institution experience preferred, including deposit operations, electronic banking, debit card disputes, ACH, wire transfers, check processing, new accounts, customer service, or branch operations.
  • Working knowledge of fraud, electronic fund transfers, error resolution, SAR, OFAC, customer identification, elder exploitation, privacy, and information security requirements.
  • Ability to identify fraud red flags, analyze transaction activity, document findings, recommend account actions, and communicate clearly with management and business partners.
  • Proficiency with core banking systems, fraud monitoring tools, case management resources, online banking platforms, Microsoft Office, spreadsheets, and reporting preferred.
  • CFE, CAMS, AAP, or similar certification preferred.
  • Strong oral, written, interpersonal, analytical, organizational, and time management skills.
  • Ability to manage sensitive information with sound judgment, discretion, and professionalism.
  • Ability to manage multiple investigations, meet deadlines, work independently, and collaborate across departments.

Employee Benefits:
In addition to competitive compensation, we offer a rewarding incentive program and a comprehensive benefits package. Benefits include Paid Time Off (PTO), a 401(k)-retirement savings plan, an Employee Assistance Program (EAP), and ongoing training and development opportunities. Full-time and part-time associates are eligible for a wide range of benefits, including medical, dental, vision, and more.
We are an Equal Opportunity Employer committed to fostering an inclusive workplace. We do not discriminate against applicants or employees on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age (40 or older), disability, veteran or military status, genetic information, or any other characteristic protected by applicable federal, state, or local law.
Salary Description
$58,049.00 - $72,561.00

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