Fraud Manager Salary
The average pay for a Fraud Manager is $73,273 per year. The highest paying skills associated with this job are Fraud, Risk Management / Risk Control, and Data Analysis. Most people with this job move on to other positions after 20 years in this career. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.
|Salary||$45,663 - $112,164|
|Bonus||$2,000 - $15,260|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$43,903 - $117,733|
|Bonus||$2,000 - $15,260|
|Total Pay (||$43,903 - $117,733|
Job Description for Fraud Manager
Fraud managers work with companies to prevent any types of fraud and avoiding legal issues or problems with the law. They typically spend their days in an office going over various invoices and spreadsheets containing a company's information on previous incomes, credits and debits, and surpluses, and must ensure that the information they send to their government is correct and would not pose any reason for suspicion.Read More...
Fraud managers work with a variety of people within a corporation, ranging from accountants and billing to managers and CEOs. They must do everything in their power to avoid any illegal activities that may compromise a corporation's worth and jeopardize its higher administration. A bachelor's degree in a business or financial field is generally required for this position, and some employers require a master's degree while others prefer applicants who have many years of experience.
In modern times, corporations aim to avoid legal troubles at all costs due to the high risks involved and how easily information can be obtained, which makes this position essential in a wide range of industries.
Fraud Manager Tasks
- Manage the staff and daily operations in the fraud department.
- Ensure processes adhere to local, state, and federal guidelines and regulations.
- Monitor, evaluate, and manage the tools and technologies used to monitor fraud risks.
- Build, implement, evaluate, and continuously improve strategy and processes to detect and eliminate fraud risks.
Pay by Experience Level for Fraud Manager
Pay by Experience for a Fraud Manager has a positive trend. An entry-level Fraud Manager with less than 5 years of experience can expect to earn an average total compensation of $53,000 based on 36 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Fraud Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 34 salaries. An experienced Fraud Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $93,000 based on 28 salaries. A Fraud Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $86,000 based on 7 salaries.
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Key Stats for Fraud Manager
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