Fraud Strategy Lead, Sr

Fraud Strategy Lead, Sr

Job Locations US-IL-Chicago | US-IN-Evansville | US-MN-Lake Elmo Category/Function Risk/Security Position Type Regular Full-Time Requisition ID 2026-19695 Workplace Type On Site

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

The Fraud Strategy role is responsible for developing, executing, and continuously enhancing Old National Bank's (ONB) fraud strategy to mitigate fraud risk, reduce financial losses, protect clients, and support a positive customer experience. This role provides strategic leadership across fraud prevention, detection, and mitigation initiatives, translating fraud risk insights into actionable strategies across products, channels, and lines of business. This role partners closely with Risk Management, Technology, Compliance, and product teams to quantify fraud risk exposure, evaluate mitigation strategies, and ensure fraud controls are aligned with organizational risk appetite and business objectives.

Salary Range

The salary range for this position is $106,100.00/Yr. - $214,600.00/Yr.. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

Key Accountabilities

Fraud Strategy and Reporting

Develop and maintain fraud strategies across multiple channels and product groups, including deposits, debit cards, credit cards, and digital channels.

• Define tactical and strategic vision for fraud loss mitigation and scam prevention, aligned with fraud loss targets and risk appetite.

• Support governance, executive reporting, and committee materials related to fraud risk exposure and mitigation performance.

Fraud Risk Identification and Analysis

• Identify and quantify fraud risk exposures and fraud-related client impacts through data analysis, operational insights, and emerging threat intelligence.

• Track and evaluate new fraud scam and mitigation initiatives, assessing effectiveness, prevention potential, and client experience impacts.

• Monitor fraud trends, typologies, and external intelligence to inform proactive strategy adjustments.

Champion required changes to strengthen Fraud Management's risk intelligence capabilities. Recommend and manage the development of new or enhanced reporting systems, policies, procedures, and controls to address known deficiencies.

Strategic Initiatives and Business Case Development

• Develops, implements, and improves comprehensive fraud detection strategies and authorization decision rules that balance fraud loss with client experience.

• Lead fraud strategy initiatives from ideation through execution including:

• Risk identification and assessment

• Proposal evaluation

• Initiative funding requests

• Seed funding and full business case development

Develop business cases that include investment costs, operating impacts, expected benefits, and fraud loss reduction outcomes.

Cross-functional Collaboration and Enablement

• Partner with Technology, Data, and Analytics teams to evaluate new tools, models, and process changes for fraud prevention and detection effectiveness.

• Collaborate with product and lines of business leaders to assess fraud risk implications of new products, services, and channel changes.

• Work closely within others within the Fraud function to optimize rules, policy, and procedures to balance fraud risk mitigation and client experience.

• Responsible for staying abreast of current and emerging fraud trends within the industry and consulting with the Fraud Management Director on impacts to the bank or enhancement needs to the Fraud program.

• Act as a trusted advisor and subject matter expert on fraud strategy and mitigation.

Key Competencies for Position

• Promotes Change: Drives organizational change by enacting changes to the ONB environment based on the fraud risk landscape. Has the ability to balance fraud risk mitigation while considering customer experience.

• Strategy in Action: Anticipates, identifies, and articulates potential issues and opportunities, and effectively responds. Anticipates risks and formulates business cases and initiative funding.

• Compelling Communication: Communicates fraud strategy initiatives timely and clearly across all levels of the organization.

• Makes Decisions and Solves Problems: Empowered to make decisions after translating fraud risk insights into clear and actionable strategies.

• Personifies ONB Culture: Embodies organizational values in all fraud strategy activities and fosters a culture of accountability.

Qualifications and Education Requirements

• Bachelor's degree.
• 10+ years of experience in fraud management, fraud strategy, financial crimes, or risk analysis.
• Demonstrated experience developing fraud risk strategies, policy, and/or initiatives. Has a background in fraud analytics, technology enablement, and large-scale transformation initiatives.
• Strong understanding of fraud typologies across payments, deposits, cards, and digital banking channels.
• Certified Fraud Examiner (CFE) and/or Project Management Professional (PMP) certifications preferred but not required.
• Strong communication and stakeholder engagement skills.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank.

Join our team!