About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.
At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:
-
U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
-
Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
-
Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
-
Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
-
Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026
By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.
Objective of Position:
The Fraud Analyst I is primarily responsible for reviewing and dispositioning routine fraud alerts generated by fraud monitoring systems. This role conducts initial investigative reviews, documents findings, and escalates higher-risk, suspicious, or complex activity to Fraud Analyst II, Management, or other appropriate stakeholders. The Fraud Analyst I plays a critical role in supporting the Bank's fraud detection and prevention efforts while ensuring compliance with internal policies, procedures, and regulatory requirements.
Duties and responsibilities:
-
Review and investigate alerts generated by fraud detection and monitoring systems.
-
Analyze account activity, transaction patterns, and customer behavior to identify suspicious activity.
-
Review transactional activity and account information to identify unusual activity and determine whether escalation is warranted.
-
Make accurate decisions regarding alert disposition, including closing alerts or escalating cases for further investigation.
-
Escalate complex alerts, suspected fraud schemes, potential SAR matters, and cases requiring enhanced investigation to Fraud Analyst II, Management, Compliance, or other appropriate teams
-
Document investigations, findings, and actions taken in accordance with established procedures.
-
Remain aware of fraud trends, emerging threats, and evolving fraud schemes through ongoing training and department communications.
-
Collaborate with internal departments, including Operations, Compliance, Risk Management, and Customer Service.
-
Maintain quality, productivity, and service-level standards while managing assigned workloads.
-
Ensure adherence to company policies, regulatory requirements, and fraud prevention best practices.
-
Assist with identifying opportunities to improve fraud detection processes and controls.
-
Assist with manual review of transactional activity and identify escalation opportunities.
Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Qualifications:
-
High school diploma or equivalent required; Associate's or Bachelor's degree preferred.
-
Experience in fraud detection, fraud operations, financial crimes, banking, payment processing, or a related field preferred.
-
Knowledge of fraud monitoring systems, transaction review processes, and risk assessment methodologies.
-
Strong analytical and critical thinking skills with the ability to identify unusual patterns and behaviors.
-
Ability to review large volumes of transactional and customer data accurately and efficiently.
-
Strong attention to detail and investigative mindset.
-
Effective verbal and written communication skills.
-
Proficient in Microsoft Office applications, particularly Excel.
-
Ability to work independently and make sound risk-based decisions.
-
Strong organizational and time-management skills in a fast-paced environment.
PHYSICAL DEMANDS/WORK ENVIRONMENT:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The hourly rate for this position is $25.00 to $30.76
Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.
Additional Information:
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.
Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.
Note to Recruitment Agencies and Third-Party Recruiters:
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.
