A fraud analyst specializes in investigating suspicious activities that could potentially include fraud. Fraud analysts often work with law enforcement officers, and they have an expansive knowledge of finance and relevant computer programs to perform their job. The job responsibilities of a fraud analyst include researching criminal fraud methods and tools, tracking financial data, creating reports, identifying and investigating possible fraudulent activities, and developing techniques and tools useful in the prevention of fraud. Fraud analysts are responsible for tracking criminal fraud, which may involve monitoring financial transactions and analyzing the data retrieved for irregular patterns. Fraud analyst work in a variety of industries, but they usually work in a private institution such as a bank.
Fraud Analyst Tasks
Write reports, and document evidence, findings, and recommendations.
Interview and elicit information from staff and contractors to resolve questions.
Analyze data from multiple sources to identify discrepancies, spot fraud, and eliminate suspicion.
Educate staff and contractors on fraud and associated behaviors.