Senior Risk Analyst

Overview

This position will sit on-site 2x per week in Chicago, IL.

We are not looking for AML/KYC Fraud. We are looking for experience within commercial banking that has conducted validation/remediation tests on Fraud transaction systems.

• Join a newly formed fraud‑focused testing team within the bank’s fraud unit
• Review remediation issues, confirm regulatory alignment, and define required action plans
• Develop and execute test scripts to validate remediation effectiveness
• Perform Excel‑based sample testing to identify process, control, or documentation gaps
• Document test results clearly and translate technical findings into business‑level insights
• Communicate findings and status updates to leadership and stakeholders
• Populate test outcomes into formal reports, PowerPoint decks, and governance documentation
• Collaborate across fraud operations, fraud strategy, investigations, and fraud technology teams
• Ensure remediation aligns with fraud regulatory expectations and operational standards
• Lead or support UAT/system validation for fraud tools and workflows
• Provide insights on the effectiveness of fraud remediation, controls, and detection logic
• Operate independently and manage day‑to‑day communication with senior audiences

• 5+ years of experience testing fraud procedures, fraud operations, or fraud systems
• Strong working knowledge of Fraud Regulations
• Experience reviewing fraud‑related documentation, identifying gaps, and building detailed test plans & test scripts
• Hands‑on experience performing sample testing using Excel and working with large data sets
• Experience in audit, compliance, QA, or second‑line governance within a financial institution or consulting firm
• Strong Excel, PowerPoint, and Visio skills
• Excellent communication skills with the ability to create status reports and present findings to senior stakeholders
• Background in banking
  —ideally large financial institutions
• Comfortable owning testing from planning to execution in a governance‑driven environment
• Technical mindset—ability to understand system behavior, data flow, and logic behind fraud tools

• Certifications such as CIA, CRCM, CISA
• Experience with UAT, SIT, or QA testing in a banking environment
• Familiarity with fraud operations such as investigations, chargebacks, recovery, fraud strategy, or fraud prevention
• Experience with large bank technology migrations or testing during system transitions
• Cybersecurity experience (IAM, app security, infrastructure security, vulnerability/configuration management)
• Experience working with or reporting to senior leadership

• Hands‑on experience in fraud operations + regulatory testing
• Experience leading remediation testing from planning through execution
• Experience testing or validating fraud detection systems, fraud workflow tools, or monitoring platforms
• Ability to translate technical findings into actionable business insights for executives
• Experience with in large banking environments or consulting for financial institutions
• Strong communicator who can build decks, status reports, and present findings succinctly
• Technical, analytical, and comfortable working with data to validate control effectiveness
• Experience across multiple fraud domains (operations, investigations, strategy, prevention, etc.)