What does a Fraud Analyst do?

Fraud analysts work in organizations including insurance companies, banks, or realtors to detect and deter deceitful actions. They strive to resolve fraud cases including identity theft or unauthorized usage of credit or debit cards. Once they are alerted of potential fraud incidents, they ask questions, fill out paperwork, assist with refunds, and change account numbers. Fraud analysts also seek to discover the source of the fraud, and they notify proper authorities.

Fraud analysts examine data and fraudulent activity to brainstorm new techniques to help prevent future fraudulent activity from happening. Notably, fraud analysts are often called upon to assist with more traditional incidents and cases, including false identifications or fake claims. The increase in use and reliance upon technology has created new opportunities for fraudsters to pinpoint and target victims digitally, and fraud analysts assist in these incidents. Fraud analysts need a bachelor's degree in finance, computer science, or a related job field.

Education--
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.3 ★
Avg. Experience2-4 years

Fraud Analyst Salaries

Average Base Pay

$45,424 /yr
Same as national average
Not including cash compensation
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$35K
Median: $45K
$59K
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Glassdoor Estimated Salary

Fraud Analyst Career Path

Learn how to become a Fraud Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Fraud Analyst Insights

Read what Fraud Analyst professionals have to say about their job experiences and view top companies for this career.
CitiCiti
AML Analyst
Jun. 14, 2021

“Citi is definitely the best place if you really really love AML and want to pursue your career in AML.”

Bank of the WestBank of the West
Fraud Prevention Specialist
Sep. 2, 2019

“The management close to me were great and I believe truly cared about me and my career.”

Edward Myers & Associates
Investigative Analyst
Apr. 16, 2021

“I remember EMA (now EMG) was terrifying to work for because there was no job security.”

Bank of ChinaBank of China
KYC Officer
Apr. 11, 2020

“opportunity to work in a different department within banking industry which i have worked in my first full time job.”

Betway GroupBetway Group
AML Analyst
Jan. 23, 2020

“Salary is fairly good but if you value your career for your personal development DO NOT GO THERE because they have nothing valuable to offer”

Wynn WilliamsWynn Williams
AML Analyst
Sep. 19, 2021

“No work from home for me because I don't have a teammate but we can work from home during covid times”

Buzz BingoBuzz Bingo
KYC Officer
Jul. 11, 2021

“There aren't really any I love my job and I think the pay is right for the role”

Shellpoint Mortgage ServicingShellpoint Mortgage Servicing
Correspondence and Dispute Specialist III
Oct. 27, 2021

“i love the fact that they praise job well done and also coach where and when needed.”

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Fraud Analyst Interviews

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