Senior Risk Analyst

Insight Global; Chicago (IL); On-site; USD 80,000 - 120,000; Full time

Job summary

A financial services firm in Chicago is seeking an experienced professional to join its fraud-focused testing team. The role requires over 5 years of experience in testing fraud procedures and systems, with strong knowledge of fraud regulations. Responsibilities include developing test scripts, reviewing remediation issues, and collaborating with various teams. Strong Excel skills and the ability to communicate findings to senior stakeholders are essential. This is an onsite position that fosters a governance-driven environment.

Qualifications

• 5+ years of experience testing fraud procedures or systems.
• Strong working knowledge of fraud regulations.
• Ability to create detailed test plans and scripts.

Responsibilities

• Join a newly formed fraud-focused testing team within the bank’s fraud unit.
• Review remediation issues and confirm regulatory alignment.
• Develop and execute test scripts to validate remediation effectiveness.

Skills

Fraud procedures testing

Regulatory alignment

Sample testing with Excel

Audit and compliance

Strong communication skills

Technical mindset

Tools

Excel

PowerPoint

Visio

Job description

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.

Responsibilities

• 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

Qualifications

• 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

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)
• Experience working with or reporting to senior leadership

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.)