Fraud Examiners, Investigators and Analyst Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Fraud Examiners, Investigators and Analyst is Also Know as
In different settings, Fraud Examiners, Investigators and Analyst is titled 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)
Education and Training of Fraud Examiners, Investigators and Analyst
Fraud Examiners, Investigators and Analyst is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Fraud Examiners, Investigators and Analyst
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.
Education Required for Fraud Examiners, Investigators and Analyst
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Fraud Examiners, Investigators and Analyst
- Bachelor in Financial Mathematics
- Associate Degree Courses in Financial Mathematics
- Masters Degree Courses in Financial Mathematics
- Bachelor in Religious Institution Administration and Managemen
- Associate Degree Courses in Religious Institution Administration and Managemen
- Masters Degree Courses in Religious Institution Administration and Managemen
- Bachelor in Non-Profit/Public/Organizational Management
- Associate Degree Courses in Non-Profit/Public/Organizational Management
- Masters Degree Courses in Non-Profit/Public/Organizational Management
- Bachelor in Finance, General
- Associate Degree Courses in Finance, General
- Masters Degree Courses in Finance, General
Training Required for Fraud Examiners, Investigators and Analyst
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Fraud Examiners, Investigators and Analyst in different industries are
- Private Detectives and Investigators
- Financial Examiners
- Lawyers
- Detectives and Criminal Investigators
- Intelligence Analysts
- Claims Adjusters, Examiners, and Investigators
- Police Identification and Records Officers
- Compliance Managers
- Accountants and Auditors
- Credit Authorizers, Checkers, and Clerks
- Management Analysts
- Retail Loss Prevention Specialists
- Information Security Engineers
- Forensic Science Technicians
- Tax Examiners and Collectors, and Revenue Agents
- Eligibility Interviewers, Government Programs
- Loss Prevention Managers
- Financial Risk Specialists
- Compliance Officers
- Paralegals and Legal Assistants
What Do Fraud Examiners, Investigators and Analyst do?
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Train others in fraud detection and prevention techniques.
- Research or evaluate new technologies for use in fraud detection systems.
- Prepare evidence for presentation in court.
- Obtain and serve subpoenas.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
- Conduct field surveillance to gather case-related information.
- Arrest individuals to be charged with fraud.
- Testify in court regarding investigation findings.
- Advise businesses or agencies on ways to improve fraud detection.
- Review reports of suspected fraud to determine need for further investigation.
- Prepare written reports of investigation findings.
- Recommend actions in fraud cases.
- Lead, or participate in, fraud investigation teams.
- Interview witnesses or suspects and take statements.
- Design, implement, or maintain fraud detection tools or procedures.
- Gather financial documents related to investigations.
- Evaluate business operations to identify risk areas for fraud.
- Document all investigative activities.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
Qualities of Good Fraud Examiners, Investigators and Analyst
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Speech Recognition: The ability to identify and understand the speech of another person.
- Speech Clarity: The ability to speak clearly so others can understand you.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Far Vision: The ability to see details at a distance.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Night Vision: The ability to see under low-light conditions.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
Tools Used by Fraud Examiners, Investigators and Analyst
- Desktop computers
- Digital audio recorders
- Digital still cameras
- Digital video cameras
- Laptop computers
- Personal computers
- Tablet computers
Technology Skills required for Fraud Examiners, Investigators and Analyst
- ArcSight Enterprise Threat and Risk Management
- Bookkeeping software
- Business intelligence software
- Electronic health record EHR software
- Guardian Analytics FraudMAP
- IBM Cognos
- LexisNexis
- Microsoft Access
- Microsoft Excel
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft SharePoint
- Microsoft SQL Server
- Microsoft Visio
- Microsoft Word
- NortonLifeLock cybersecurity software
- PCG Software Virtual Examiner
- Python
- R
- SAP Business Objects
- SAS
- Splunk Enterprise
- Structured query language SQL
- Tableau
- TIBCO Spotfire
- TriZetto QNXT
- Vertafore ImageRight