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Fraud Examiners, Investigators and Analysts
Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Also Known As:
Anti-Fraud Operations Analyst
Casino Gaming Regulator
Certified Fraud Examiner (CFE)
Confidential Investigator
Financial Crimes Investigator
Financial Investigator
Forensic Accountant
Fraud Analyst
Investigator
Special Investigations Unit Investigator (SIU Investigator)
Wages
Annual wages for Fraud Examiners, Investigators and Analysts in United States
Job Outlook
Bright
New job opportunities are very likely in the future
United States
2033 Projected Employment
137,900
6% Change From 2023
Explore Financial Quantitative Analysts video
Tasks you might complete in a day.
- Lead, or participate in, fraud investigation teams.
- Prepare written reports of investigation findings.
- Interview witnesses or suspects and take statements.
- Evaluate business operations to identify risk areas for fraud.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
- Review reports of suspected fraud to determine need for further investigation.
- Train others in fraud detection and prevention techniques.
- Advise businesses or agencies on ways to improve fraud detection.
- Arrest individuals to be charged with fraud.
- Evaluate business operations to identify risk areas for fraud.
- Research or evaluate new technologies for use in fraud detection systems.
- Interview witnesses or suspects and take statements.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Obtain and serve subpoenas.
- Arrest individuals to be charged with fraud.
- Obtain and serve subpoenas.
- Document all investigative activities.
- Lead, or participate in, fraud investigation teams.
- Design, implement, or maintain fraud detection tools or procedures.
- Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
- Testify in court regarding investigation findings.
- Gather financial documents related to investigations.
- Prepare evidence for presentation in court.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
- Conduct field surveillance to gather case-related information.
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Recommend actions in fraud cases.
- Recommend actions in fraud cases.
Subject areas you may need to master.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Physics - Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
- Chemistry - Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
- Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
- Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
- Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Therapy and Counseling - Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
- Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Geography - Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Administrative - Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
- Philosophy and Theology - Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Foreign Language - Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Strengths you may need in this role.
- Speaking - Talking to others.
- Social Perceptiveness - Understanding people's reactions.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Instructing - Teaching people how to do something.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Operation and Control - Using equipment or systems.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Reading Comprehension - Reading work-related information.
- Negotiation - Bringing people together to solve differences.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Mathematics - Using math to solve problems.
- Coordination - Changing what is done based on other people's actions.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Repairing - Repairing machines or systems using the right tools.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Writing - Writing things for co-workers or customers.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Science - Using scientific rules and strategies to solve problems.
- Persuasion - Talking people into changing their minds or their behavior.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Service Orientation - Looking for ways to help people.
- Time Management - Managing your time and the time of other people.
- Management of Material Resources - Managing equipment and materials.
- Technology Design - Making equipment and technology useful for customers.
- Active Learning - Figuring out how to use new ideas or things.
- Programming - Writing computer programs.
- Quality Control Analysis - Testing how well a product or service works.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Fluency of Ideas - Coming up with lots of ideas.
- Selective Attention - Paying attention to something without being distracted.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Originality - Creating new and original ideas.
- Flexibility of Closure - Seeing hidden patterns.
- Time Sharing - Doing two or more things at the same time.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Memorization - Remembering words, numbers, pictures, or steps.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Far Vision - Seeing details that are far away.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Speech Clarity - Speaking clearly.
- Manual Dexterity - Holding or moving items with your hands.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Deductive Reasoning - Using rules to solve problems.
- Spatial Orientation - Knowing where things are around you.
- Speed of Closure - Quickly knowing what you are looking at.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Visualization - Imagining how something will look after it is moved around or changed.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Stamina - Exercising for a long time without getting out of breath.
- Speech Recognition - Recognizing spoken words.
- Sound Localization - Noticing the direction that a sound came from.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Near Vision - Seeing details up close.
- Night Vision - Seeing at night or under low light.
- Hearing Sensitivity - Telling the difference between sounds.
- Oral Comprehension - Listening and understanding what people say.
- Oral Expression - Communicating by speaking.
- Information Ordering - Ordering or arranging things.
- Written Comprehension - Reading and understanding what is written.
- Problem Sensitivity - Noticing when problems happen.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Finger Dexterity - Putting together small parts with your fingers.
- Category Flexibility - Grouping things in different ways.
- Written Expression - Communicating by writing.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Trunk Strength - Using your lower back and stomach.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Static Strength - Lifting, pushing, pulling, or carrying.
Average Education Attained
Highest level of education earned by people in this career.
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Content sourced from United States Department of Labor Employment and Training Administration ("DOLETA") and the Minnesota Department of Employment & Economic Development ("DEED")