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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.
- Conduct field surveillance to gather case-related information.
- Arrest individuals to be charged with fraud.
- Advise businesses or agencies on ways to improve fraud detection.
- Interview witnesses or suspects and take statements.
- Recommend actions in fraud cases.
- Design, implement, or maintain fraud detection tools or procedures.
- Document all investigative activities.
- Train others in fraud detection and prevention techniques.
- Obtain and serve subpoenas.
- Obtain and serve subpoenas.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
- Research or evaluate new technologies for use in fraud detection systems.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Evaluate business operations to identify risk areas for fraud.
- Gather financial documents related to investigations.
- Prepare evidence for presentation in court.
- Recommend actions in fraud cases.
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Interview witnesses or suspects and take statements.
- Evaluate business operations to identify risk areas for fraud.
- Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
- Prepare written reports of investigation findings.
- Lead, or participate in, fraud investigation teams.
- Lead, or participate in, fraud investigation teams.
- Testify in court regarding investigation findings.
- Review reports of suspected fraud to determine need for further investigation.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
- Arrest individuals to be charged with fraud.
Subject areas you may need to master.
- 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.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- 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.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- 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.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- 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.
- 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.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- 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.
- 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.
- 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.
- 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.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- 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.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- 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.
Strengths you may need in this role.
- Programming - Writing computer programs.
- Management of Material Resources - Managing equipment and materials.
- Coordination - Changing what is done based on other people's actions.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Operation and Control - Using equipment or systems.
- Repairing - Repairing machines or systems using the right tools.
- Negotiation - Bringing people together to solve differences.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Science - Using scientific rules and strategies to solve problems.
- Mathematics - Using math to solve problems.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Active Learning - Figuring out how to use new ideas or things.
- Persuasion - Talking people into changing their minds or their behavior.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Quality Control Analysis - Testing how well a product or service works.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Speaking - Talking to others.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Social Perceptiveness - Understanding people's reactions.
- Service Orientation - Looking for ways to help people.
- Instructing - Teaching people how to do something.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Writing - Writing things for co-workers or customers.
- Technology Design - Making equipment and technology useful for customers.
- Reading Comprehension - Reading work-related information.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Time Management - Managing your time and the time of other people.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Problem Sensitivity - Noticing when problems happen.
- Deductive Reasoning - Using rules to solve problems.
- Speech Clarity - Speaking clearly.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Visualization - Imagining how something will look after it is moved around or changed.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Time Sharing - Doing two or more things at the same time.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Hearing Sensitivity - Telling the difference between sounds.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Written Expression - Communicating by writing.
- Written Comprehension - Reading and understanding what is written.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Trunk Strength - Using your lower back and stomach.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Information Ordering - Ordering or arranging things.
- Fluency of Ideas - Coming up with lots of ideas.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Selective Attention - Paying attention to something without being distracted.
- Finger Dexterity - Putting together small parts with your fingers.
- Stamina - Exercising for a long time without getting out of breath.
- Flexibility of Closure - Seeing hidden patterns.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Speech Recognition - Recognizing spoken words.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Near Vision - Seeing details up close.
- Speed of Closure - Quickly knowing what you are looking at.
- Spatial Orientation - Knowing where things are around you.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Far Vision - Seeing details that are far away.
- Night Vision - Seeing at night or under low light.
- Oral Comprehension - Listening and understanding what people say.
- Originality - Creating new and original ideas.
- Memorization - Remembering words, numbers, pictures, or steps.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Manual Dexterity - Holding or moving items with your hands.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Oral Expression - Communicating by speaking.
- Sound Localization - Noticing the direction that a sound came from.
- Category Flexibility - Grouping things in different ways.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Speed of Limb Movement - Quickly moving your arms and legs.
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")