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

Alliant

Senior Credit Risk Analyst

Chicago, IL · On-site

$84K - $131K/yr

Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within ...

SquareTrade

Fraud Strategy Lead

Chicago, IL · On-site +1

Analyze fraud vectors across SquareTrade's platform including both first party and third party ... Develop and maintain metrics and KPI's that measure risk mitigation strategies and communicate ...

SquareTrade

Fraud Strategy Lead

Chicago, IL

Analyze fraud vectors across SquareTrade's platform including both first party and third party ... Develop and maintain metrics and KPI's that measure risk mitigation strategies and communicate ...

Doist

Senior Data Scientist - Fraud (Hybrid)

Chicago, IL · On-site

$96 - $125/hr

As a Senior Data Scientist on Enova's Fraud Analytics team, you'll be the quantitative engine of ... Hands-on fraud experience required -- fraud analytics, fraud strategy, or risk modeling, ideally in ...

New

Orion

Senior Privacy & AI Risk Analyst

Mundelein, IL · Hybrid

As a Senior Privacy & AI Risk Analyst, you will be expected to spearhead privacy initiatives and coordinate cross-team collaboration, seeing privacy processes are followed through start to finish.

Invesco

Junior Risk Analyst

Downers Grove, IL · Hybrid

... Prepare analysis and materials for portfolio reviews, risk forums, and governance routines ... learn from senior investment and risk professionals and partner effectively with trading ...

Invesco

Junior Risk Analyst

Downers Grove, IL · On-site

... Prepare analysis and materials for portfolio reviews, risk forums, and governance routines ... learn from senior investment and risk professionals and partner effectively with trading ...

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

This role is responsible for monitoring corporate liquidity risks and investments, developing financial risk models, forecasting key balance sheet items and providing deep dive analysis into ...

Wintrust

Fraud Analyst

Rosemont, IL · Hybrid

$50K - $65K/yr

The Fraud Analyst will review available information and communicate regularly with the banks to ... Monitor branch fraud reports and perform extra due diligence on accounts to control risk to the ...

3M HEALTHCARE

Senior Financial Risk Analyst

Chicago, IL · On-site

$111K - $130K/yr

This role is responsible for monitoring corporate liquidity risks and investments, developing financial risk models, forecasting key balance sheet items and providing deep dive analysis into ...

Adyen

Merchant Fraud Analyst

Chicago, IL · On-site

$85K - $110K/yr

Merchant Fraud Analyst With our team growing rapidly, we are looking for an ambitious Merchant ... Risk, Product, and other Merchant Operations teams. Within this role you are responsible for ...

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All JobsFraud Risk Analyst JobsSenior Fraud Risk Analyst JobsSenior Fraud Risk Analyst Jobs in Chicago, IL

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 Aug 8, 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.

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.

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 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
Infographic showing various Senior Fraud Risk Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $113,158 per year, or $54.4 per hour.

Senior Credit Risk Analyst

Alliant

Chicago, IL • On-site

$84K - $131K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 4 days ago

Job description

In this hybrid role based at our Chicago Headquarters, you will develop and review credit policies and strategies as well as data and analytical frameworks for loan origination and loss forecasting. Review relevant data to identify the quantitative and qualitative factors driving the credit risk for consumer & mortgage loans. Perform evaluation, implementation and monitoring of third-party and in-house scoring solutions. Perform model and strategy testing and assist with audit/regulatory requests. Work cross-functionally with other teams such as Advanced Analytics, Lending, Loan Servicing, Marketing, Finance, and Data Service teams, preparing underwriting and account management presentations to management for review and implementation.
Essential Responsibilities
  • Analyze origination risk factors and recommend/implement improvements in areas such as underwriting criteria, lending policies and standards, and loan product pricing to increase loan volumes within the risk appetite.
  • Review and monitor credit risk for credit cards, and recommend/implement line management, pricing and authorization strategies.
  • Prepare data for third-party quarterly mortgage & consumer loan portfolio performance analysis.
  • Provide support and rule recommendations for loan origination system implementation and maintenance.
  • Provide data and analytics support to assess risk with respect to future new and enhanced lending products as well as potential loan trading transactions.
  • Assess analytics including but not limited to economic capital analysis, credit loss modeling and mitigation, CECL implementation.
  • Query the data warehouse and other databases with tools such as SAP Business Objects / Microsoft SQL Server Management Studio to extract, summarize, and save relevant data.
  • Drive improvements by utilizing statistical techniques in test set-up to more accurately assess effectiveness of proposed risk strategies.
  • Work with other teams such as Advanced Analytics to design and build predictive models in tools such as Python/R/SAS.
  • Evaluate, implement, and monitor third-party scoring solutions.
  • Prepare supporting information and present findings to management.
  • Generate periodic reports for audit and regulatory compliance and assist with ad hoc requests.
  • Help formulate and revise credit policies and procedures to address new regulations.

Education & Years of Experience
  • Minimum- 4 Year Bachelors Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Preferred - Graduate Degree in Mathematics, Statistics, Quantitative Finance, Engineering, Computer Science or Related
  • Minimum - 3 Years Experience in credit risk analytics within financial services

In Lieu of Education
  • 5 Years Experience in credit risk analytics within financial services

Compensation & Benefits:
Typical hiring range: $84,200.00 to $131,000.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.
Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:
  • Annual performance bonus
  • Work from home up to 3 days a week
  • Paid parental leave
  • Employee discount programs
  • Time off including paid personal and sick days
  • 11 paid holidays
  • Education reimbursement

*Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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