Occupation

Fraud Examiners, Investigators and Analysts

Human Advantage 74%

Significant human skills needed

AI Automation Risk Low Risk
2.6 / 10

This occupation requires complex human judgment, social interaction, and creative problem-solving that are difficult to automate.

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: AML Analyst (Anti-Money Laundering Analyst), AML Consultant (Anti-Money Laundering Consultant), AML Investigator (Anti-Money Laundering Investigator), AML Operations Analyst (Anti-Money Laundering Operations Analyst), Anti-Fraud Operations Analyst, BSA Analyst (Bank Secrecy Act Analyst), BSA Consultant (Bank Secrecy Act Consultant), Casino Gaming Regulator +21 more

Video

Core Tasks

  1. Gather financial documents related to investigations.
  2. Interview witnesses or suspects and take statements.
  3. Prepare written reports of investigation findings.
  4. Document all investigative activities.
  5. Create and maintain logs, records, or databases of information about fraudulent activity.
  6. Coordinate investigative efforts with law enforcement officers and attorneys.
  7. Lead, or participate in, fraud investigation teams.
  8. Testify in court regarding investigation findings.
  9. Prepare evidence for presentation in court.
  10. Recommend actions in fraud cases.
  11. Review reports of suspected fraud to determine need for further investigation.
  12. Design, implement, or maintain fraud detection tools or procedures.
  13. Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
  14. Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
  15. Evaluate business operations to identify risk areas for fraud.
  16. Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
  17. Advise businesses or agencies on ways to improve fraud detection.
  18. Train others in fraud detection and prevention techniques.
  19. Conduct field surveillance to gather case-related information.
  20. Negotiate with responsible parties to arrange for recovery of losses due to fraud.
  21. Research or evaluate new technologies for use in fraud detection systems.

Supplemental Tasks (2)

  1. Obtain and serve subpoenas.
  2. Arrest individuals to be charged with fraud.

Education & Training

Job Zone 4 Job Zone Four: Considerable Preparation Needed
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
On-the-Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education Level Distribution

Percentage of workers in this occupation with each education level.

Bachelor's Degree
75%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.
8%
Master's Degree
8%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)
4%
Associate's Degree (or other 2-year degree)
4%

Technology & Tools

Hot Technologies

  • Microsoft Access
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft SQL Server
  • Microsoft SharePoint
  • Microsoft Visio
  • Microsoft Word
  • Python
  • R
  • SAS
  • Splunk Enterprise
  • Structured query language SQL
  • Tableau

Software (28)

  • ArcSight Enterprise Threat and Risk Management
  • Bookkeeping software
  • Business intelligence software
  • Electronic health record EHR software
  • Guardian Analytics FraudMAP
  • IBM Cognos
  • LexisNexis
  • NortonLifeLock cybersecurity software
  • PCG Software Virtual Examiner
  • SAP Business Objects
  • TIBCO Spotfire
  • TriZetto QNXT
  • Vertafore ImageRight

Tools & Equipment (7)

  • Desktop computers
  • Digital audio recorders
  • Digital still cameras
  • Digital video cameras
  • Laptop computers
  • Personal computers
  • Tablet computers

Where This Career Leads

Career progression organized by specialty track and experience level.

Financial Strategy & Investments Advanced Manufacturing

Zone 2
Zone 3
Zone 4
Fraud Examiners, Investigators and Analysts You are here
Zone 5
Statisticians 77% match

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