Senior Risk Analyst

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. 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 Experience writing formal documentation (test results, findings, remediation validation, etc.) 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 Experience QA‑testing on fraud systems (transaction monitoring, fraud case management, fraud detection platforms, etc.) Nice to Haves: 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) Strong governance exposure—writing test scripts, validating controls, documenting test results Experience working with or reporting to senior leadership Day to Day: 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 What Will Stand Out: 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 within 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.)