Fraud Risk Management Senior Consultant I

Allstate•Chicago, IL

About The Position

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job Description The Fraud Risk Management Senior Consultant I sits in the Fraud Insights & Risk Management (FIRM) team — a cross-functional group of fraud strategists, consultants, and technical analysts – that supports Allstate’s enterprise fraud management, governance and escalation function. The team is responsible for guiding the organization’s approach to fraud risk, return optimization, and governance. The Senior Consultant partners with business units, analytics teams, and solution owners to identify fraud risks, assess controls, quantify fraud exposure, and enable informed risk return decisions. This role also contributes to enterprise fraud reporting, fraud control inventory management, and coordination of high impact, cross functional fraud incidents and emerging schemes. This role will be part of the Engagement & Consulting function of the FIRM team responsible for partnering with business functions and Market Facing Businesses (MFBs) to discern and identify vulnerabilities that may be exploited to commit fraud, translating complex fraud signals into actionable insights, strategic solution recommendations to mitigate frauds across the value chain, and enabling enterprise-level decisions and maximizing return with the knowledge about various frauds that can be exposed through close study and analysis.

Requirements

Experience in fraud risk management, fraud analytics, or related risk disciplines
Certified Fraud Examiner (CFE) or equivalent certification
Experience with fraud management systems, risk assessments, and control frameworks
Experience producing executive‑ready reporting and presentations
Advanced Excel skills; familiarity with SQL and Power BI preferred
Project‑based experience managing milestones and cross-functional dependencies
Stakeholder management and follow-through
Collaboration and influence without authority
Enterprise and systems‑level thinking
Analytical rigor and critical thinking
Curiosity, learning mindset, and adaptability

Responsibilities

Coordinate state‑specific anti‑fraud reporting across the enterprise in alignment with regulatory and internal standards
Support consistent enterprise fraud governance, including reporting, escalation, and communication protocols
Strengthen enterprise‑wide fraud loss analysis and reporting, enabling leadership insights and decision‑making
Identify fraud risks within specific business areas and end‑to‑end customer journeys
Assess fraud systems, policies, and processes to identify control gaps and residual risk
Build and maintain an enterprise fraud control inventory, analyzing control coverage and effectiveness
Perform analytical reviews to identify potential fraud using reports, alerts, and event‑driven indicators
Support fraud risk and return decisions by quantifying fraud exposure and mitigation value
Contribute to enterprise fraud prevention and detection capabilities leveraging centralized data assets
Coordinate cross‑functional, high-impact fraud incidents, serving as a central collaboration and communication point
Research emerging fraud schemes, trends, and typologies and translate insights into actionable risk awareness
Influence stakeholders to embed fraud considerations early in product and customer lifecycle decisions
Communicate emerging risks, control opportunities, and enhancement recommendations to leadership and solution teams