Fraud Risk Analyst Salary in Chicago, Illinois

How much does a Fraud Risk Analyst make in Chicago, IL?

As of March 01, 2025, the average annual salary for a Fraud Risk Analyst in Chicago, IL is $68,925. Salary.com reports that pay typically ranges from $60,760 to $78,614, with most professionals earning between $53,326 and $87,435.

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Salary range for a Fraud Risk Analyst

$60,760 to $78,614

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Fraud Risk Analyst

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Job Openings for Fraud Risk Analyst in Chicago, IL

What does a Fraud Risk Analyst do?

Common responsibilities of a Fraud Risk Analyst

Prepare project status reports and presentations to keep management, customers and others informed of the project status and issues.

January 13, 2023

Communicate crisis incidents to the appropriate audience, including obtaining prior approval from RISC leadership on select incidents.

December 14, 2022

Support training efforts for the LP organization on utilization of new reports and techniques to identify and address potential losses to the company.

February 11, 2023

Participate in periodic review sessions to validate operational consistency is documented and demonstrated.

March 03, 2023

Implement and execute daily/weekly/monthly control status reports.

March 07, 2023

Assist the Risk Management team in performing trending and forecasting of fraud in various financial portfolios.

March 12, 2023

Document new control opportunities or update existing procedures to align with policy driven standards.

April 06, 2023

Develop and maintain effective working relationships with field and corporate LP partners to identify, investigate, and resolve all potential theft and operational loss in a timely manner.

April 18, 2023

Required technical skills may include SQL, SAS, Teradata, Oracle, UNIX and MS Office related products including Excel (Pivot tables, charts / graphs and formulas) on the analytical roles.

April 25, 2023

Actively collaborate with cross-functional business partners and analytics teams to design and generate advanced analytics and machine learning solutions.

May 13, 2023

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Fraud Risk Analyst Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Fraud Risk Analyst Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Fraud Risk Analyst in Chicago, IL

Average Base Salary

Core compensation

60760

78614

68925

Average Total Cash Compensation

Includes base and annual incentives

62315

82149

71107

What is the average salary for Fraud Risk Analyst in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Fraud Risk Analyst in Chicago, IL. The base salary for Fraud Risk Analyst ranges from $60,760 to $78,614 with the average base salary of $68,925. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $62,315 to $82,149 with the average total cash compensation of $71,107.

View Average Salary for Fraud Risk Analyst as table

	Average Salary	Average Salary Range
Base Salary	$68,925	$60,760 - $78,614
Bonus	$2,182	$1,555 - $3,536
Total Pay	$71,107	$62,315 - $82,149

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Fraud Risk Analyst Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $61,102 - $79,056	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $61,102 - $79,056	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $61,032 - $78,966	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $61,078 - $79,026	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $61,078 - $79,026	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $59,711 - $77,257	COMPARE TO Chicago, IL

See salaries for Fraud Risk Analyst in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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