Fraud Analyst Salary (India)
A Fraud Analyst earns an average salary of Rs 288,076 per year. Most people move on to other jobs if they have more than 10 years' experience in this field.
|Range||Rs 0Rs 563K|
|Salary||Rs 180,452 - Rs 476,129|
|Bonus||Rs 1,014 - Rs 98,633|
|Profit Sharing||Rs 0.00 - Rs 101,014|
|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).)
|Rs 188,552 - Rs 563,756|
Job Description for Fraud Analyst
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.Read More...
Fraud analysts must continuously educate themselves on the latest advances in the field of fraud prevention, as well as on methods used by criminals to access financial information. New technology is essential for fraud analysts, so they must stay up to date with relevant advances in technology.
The educational minimum for most fraud analyst positions includes a bachelor's degree in finance or a related field. Some employers will substitute several years of experience in lieu of a degree. Fraud analysts working with a bank usually receive training from their employer as well. An eye for detail, good problem solving skills, strong organizational skills, and an analytical mind are essential. Excellent oral and written communication skills are necessary, as they are often required to interact with customers and other stakeholders on a regular basis. (Copyright 2018 PayScale.com)
Fraud Analyst Tasks
- Analyze data from multiple sources to identify discrepancies, spot fraud, and eliminate suspicion.
- Educate staff and contractors on fraud and associated behaviors.
- Write reports, and document evidence, findings, and recommendations.
- Interview and elicit information from staff and contractors to resolve questions.
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Key Stats for Fraud Analyst
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