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Senior Fraud Risk Analyst Jobs in Chicago, IL (NOW HIRING)

Wonder Group, Inc.

Analyst, Fraud Strategy

Chicago, IL

$96K - $102K/yr

... risk, payments, analytics, or statistical roles. * Prior exposure to statistics and machine ... Strong track record of effectively presenting insights to senior management and executive ...

Grubhub

Analyst, Fraud Strategy

Chicago, IL

$96K - $102K/yr

... risk, payments, analytics, or statistical roles. * Prior exposure to statistics and machine ... Strong track record of effectively presenting insights to senior management and executive ...

Grubhub

Analyst, Fraud Strategy

Chicago, IL · On-site

$96K - $102K/yr

... risk, payments, analytics, or statistical roles. * Prior exposure to statistics and machine ... Strong track record of effectively presenting insights to senior management and executive ...

USA JOBS

Sr Risk Analyst

Naperville, IL · On-site

$147.95K/yr

The ideal candidate will be able to demonstrate the following: 1. Knowledge of principles, theories, and applied practices of risk analysis. Specific expertise and experience in applying the theories ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst. In this role, you'll play a critical part in advancing the scientific, statistical, and ...

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst. In this role, you'll play a critical part in advancing the scientific, statistical, and ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · On-site

$105K - $120K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$105K - $120K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

Tempus

Senior Cyber Risk Analyst

Chicago, IL · Hybrid

$105K - $120K/yr

As a Senior Cyber Risk Analyst at Tempus AI, you will be the driving force behind our Cyber Risk Management Program, serving as the primary custodian of the organization's Cyber Risk Register. Your ...

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Senior Fraud Risk Analyst information

See Chicago, IL salary details

$55.1K

$113.2K

$146.8K

How much do senior fraud risk analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for senior fraud risk analyst in Chicago, IL is $113,158.00, according to ZipRecruiter salary data. Most workers in this role earn between $93,200.00 and $141,100.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Senior Fraud Risk Analyst, and why are they important?

To thrive as a Senior Fraud Risk Analyst, you need expertise in fraud detection, risk assessment, data analysis, and a bachelor's degree in finance, business, or a related field. Familiarity with anti-fraud software, data analytics tools like SQL or Python, and relevant certifications such as CFE (Certified Fraud Examiner) are highly valued. Strong problem-solving abilities, attention to detail, and effective communication skills help analysts spot patterns and present findings clearly. These skills are vital for identifying and mitigating fraud risks, protecting organizational assets, and ensuring compliance with regulations.

How does a Senior Fraud Risk Analyst typically collaborate with other departments to identify and mitigate fraud risks?

Senior Fraud Risk Analysts often work closely with teams across the organization, such as compliance, IT, customer service, and legal departments. They collaborate to analyze transaction data, investigate suspicious patterns, and implement new fraud prevention strategies. Regular cross-functional meetings and sharing of insights are crucial to ensure that fraud risks are identified early and addressed effectively. This collaborative approach helps create a comprehensive defense against evolving fraud threats and supports a proactive risk management culture.

What does a Senior Fraud Risk Analyst do?

A Senior Fraud Risk Analyst is responsible for identifying, assessing, and mitigating risks related to fraudulent activities within an organization. They analyze data, investigate suspicious transactions, and develop strategies to prevent fraud. These professionals also collaborate with other departments, implement fraud detection systems, and ensure compliance with regulations. Their expertise helps protect the organization from financial losses and reputational damage.

What is the difference between Senior Fraud Risk Analyst vs Fraud Investigator?

AspectSenior Fraud Risk AnalystFraud Investigator
CredentialsBachelor's degree, certifications like CFE or CPA often preferredBachelor's degree, CFE certification common
Work EnvironmentAnalytical, data-driven, risk assessment teamsInvestigative, interview-focused, field or office-based
Employer & IndustryFinancial institutions, insurance, e-commerceFinancial services, law enforcement, corporate security

While both roles focus on fraud prevention, the Senior Fraud Risk Analyst primarily assesses risks and develops strategies, whereas the Fraud Investigator conducts investigations into specific fraud cases. The analyst role is more analytical and strategic, while the investigator is more hands-on and investigative.

What are popular job titles related to Senior Fraud Risk Analyst jobs in Chicago, IL? For Senior Fraud Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Senior Fraud Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Senior Fraud Risk Analyst jobs in Chicago, IL are:
Senior Fraud Risk Analyst jobs near you
Fraud Operations Sr Analyst, Emerging Insights Banking

Fraud Operations Sr Analyst, Emerging Insights Banking

Avant

Chicago, IL • On-site

$60K - $90K/yr

Full-time

Medical, Dental, Vision, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

Would you like to leverage your experience in banking fraud investigation to dismantle sophisticated fraud rings and identify vulnerabilities in our personal loan and credit card products? Join Avant's Complex Fraud Investigation team in this senior fraud investigator role to lead the way in identifying new fraud patterns and level up the entire department's investigation skills.
What you'll do at Avant:

  • Fraud Ring Disruption: Lead deep-dive investigations into complex financial crimes, including synthetic identity rings, sophisticated "bust-out" schemes, and coordinated credit abuse.
  • Intelligence-Led Hunting: Use your expertise to respond to velocity monitoring alerts. You won't just work a list; you will "pull the thread" to identify the source of the threat and work with Analytics to build systemic blocks.
  • Regulatory & Legal Excellence: Manage the highest-risk investigations involving organizational risk or sensitive regulatory inquiries. Ensure all findings are documented to the strictest standards.
  • Next-Gen Tooling: Serve as the primary subject matter expert (SME) for testing banking-specific fraud tools (e.g., identity orchestration, device profiling, and consortium data). You will partner with Business Intelligence to ensure we are extracting maximum ROI from our tech stack.
  • The "Feedback Loop": Translate complex fraud narratives into actionable requirements for our Data Science and Fraud Analytics teams. You will turn "investigator intuition" into hard logic for our automated decisioning engines.
  • Operational Architecture: Partner with the Process and Quality Lead to codify investigation standards, elevating the skill set of our broader operational teams.
Why you're a fit at Avant:
  • Banking Subject Matter Expert: You understand the nuances of the banking lifecycle-from application fraud to account takeover (ATO) to payment fraud and beyond.
  • The "Detective" Mindset: You are skilled at "following the money." You can connect disparate data points across systems to reveal a broader criminal strategy.
  • Compliance-Aware: You are intimately familiar with the regulatory landscape (Fair Lending, BSA/AML, Reg E, etc.) and understand that how we investigate is just as important as what we find.
  • Education: Bachelor's degree in Finance, Criminal Justice, or a related field
  • Experience: 2+ years of experience in Fraud Investigations, Financial Crimes, or a related role within a retail bank or a retail banking product.
  • Technical Skills: Proficiency in SQL is preferred. Any other technical skills are a plus.
This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.
Compensation Range:
The base salary range for this job is USD $60,000 - USD $90,000/ Year
Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities.
[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]
This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.
Our benefits include:
  • Choice of great Medical, Dental, and Vision Insurance Plan options
  • 401(k) match
  • Flexible Time Off
  • Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
  • Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
  • Lunch Allowance (Fooda) and In-office Snacks
  • Summer Fridays
  • Fun In-Office and Virtual Social Events
  • And who doesn't love the swag

Check out our Avant Blog!
We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you're passionate about our mission and aligned to our values, we hope you'll come contribute to our awesome culture.
Why Avant is the place for you:
At Avant, we believe our values make a difference:
Authenticity. We show up to work as our whole selves and make sure others can too.
Collaboration. We can only succeed when we do so as a team.
Problem-Solving. The harder the problem, the more satisfying the solution.
Customer. We are all owners of the customer experience.
Initiative. Plan. Adapt. Get Sh!t Done.
We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.

Apply