What Do Fraud Data Analysts Do?
Wondering what the job is really like for fraud data analysts?
You've come to the right place.
Keep reading to find detailed information about what fraud data analysts do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Fraud Data Analysts Overview & Description
Let's get started with the basics about fraud data analysts by taking a look at a simple description and popular job titles.
Fraud Data Analysts all financial specialists not listed separately.
Popular Job Titles For Fraud Data Analysts
Sample of Reported Job Titles
- Fraud Analysts
- Fraud Investigators
- Fraud Specialists
- Quantitative Analysts
- Quantitative Risk Analysts
- Model Validation Analysts
- Model Risk Managers
- Quantitative Model Analysts
- Quantitative Financial Analysts
- Quantitative Model Validation Analysts
- Fraud Risk Analysts
- Bail Bond Agents
Read on for insight into the industries where the highest concentration of jobs for fraud data analysts can be found.
Best Industries for Fraud Data Analysts
Fraud Data Analysts Jobs By Industry
- Federal Government, Civilian: 20.9%
- Depository Credit Intermediation: 10.4%
- Management of Companies and Enterprises: 7.4%
- Education and Hospitals (State Government): 4.4%
- Other Personal Services: 4.3%
- Other Financial Investment Activities: 4.3%
- Other: 48.3%
When it comes to jobs in the United States, the largest single category of fraud data analysts can be found working in the Federal Government, Civilian sector. In 2022, about 20.9% of all jobs for fraud data analysts were found there.
Other top industries by percentage include Depository Credit Intermediation (10.4%), Management of Companies and Enterprises (7.4%), Education and Hospitals (State Government) (4.4%), Other Personal Services (4.3%) and Other Financial Investment Activities (4.3%).
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Degree Options for Fraud Data Analysts
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What Do Fraud Data Analysts Do on a Daily Basis?
So you have a high-level understanding of what fraud data analysts do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work fraud data analysts do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that fraud data analysts tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for fraud data analysts, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Fraud Data Analysts
Based on 16,200 job postings
Top 5 Specialized Skills for Fraud Data Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Python (Programming Language) | 4,070 | 25% |
| Risk Management | 3,953 | 24% |
| SQL (Programming Language) | 3,884 | 24% |
| Finance | 3,878 | 24% |
| Statistics | 3,341 | 21% |
Top 5 Common Skills for Fraud Data Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communications | 7,485 | 46% |
| Management | 6,385 | 39% |
| Research | 4,760 | 29% |
| Problem Solving | 3,771 | 23% |
| Operations | 3,668 | 23% |
Based on 16,200 job postings related to fraud data analysts, python (programming language) was the top specialized skill sought by employers, with 25% of all postings looking for that skillset. Skills for risk management, sql (programming language), finance, statistics and data analysis were also highly sought.
As for common skills, communications was the most desired skill found in job postings for fraud data analysts, followed by management, research, problem solving, operations and investigation.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Python (Programming Language) | 4,070 | 25% |
| Risk Management | 3,953 | 24% |
| SQL (Programming Language) | 3,884 | 24% |
| Finance | 3,878 | 24% |
| Statistics | 3,341 | 21% |
| Data Analysis | 3,228 | 20% |
| Fraud Prevention And Detection | 3,228 | 20% |
| Financial Services | 3,055 | 19% |
| SAS (Software) | 2,814 | 17% |
| R (Programming Language) | 2,687 | 17% |
| Fraud Investigation | 2,566 | 16% |
| Economics | 2,563 | 16% |
| Auditing | 2,402 | 15% |
| Model Validation | 1,910 | 12% |
| Project Management | 1,905 | 12% |
| Accounting | 1,858 | 11% |
| Computer Science | 1,810 | 11% |
| Machine Learning | 1,653 | 10% |
| Bank Secrecy Act | 1,611 | 10% |
| Risk Analysis | 1,610 | 10% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communications | 7,485 | 46% |
| Management | 6,385 | 39% |
| Research | 4,760 | 29% |
| Problem Solving | 3,771 | 23% |
| Operations | 3,668 | 23% |
| Investigation | 3,632 | 22% |
| Detail Oriented | 3,513 | 22% |
| Writing | 3,508 | 22% |
| Mathematics | 3,433 | 21% |
| Customer Service | 3,309 | 20% |
| Leadership | 2,967 | 18% |
| Microsoft Excel | 2,934 | 18% |
| Verbal Communication Skills | 2,382 | 15% |
| Microsoft Office | 2,328 | 14% |
| Decision Making | 2,283 | 14% |
| Presentations | 2,188 | 14% |
| Analytical Skills | 2,154 | 13% |
| Self-Motivation | 2,137 | 13% |
| Influencing Skills | 1,777 | 11% |
| Organizational Skills | 1,633 | 10% |
Most In-Demand Jobs for Fraud Data Analysts
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Fraud Analysts | 6,196 | 18% |
| Fraud Investigators | 7,162 | 20.8% |
| Fraud Specialists | 5,585 | 16.2% |
| Quantitative Analysts | 2,429 | 7% |
| Quantitative Risk Analysts | 1,591 | 4.6% |
According to job postings that were published between September 2021 and August 2022, the top job sought by employers was fraud analysts, with 2,127 unique job postings. Fraud investigators were second, with 1,131 postings, followed by fraud specialists, quantitative analysts and quantitative risk analysts.
Expand the section below to see unique job postings for all occupations related to fraud data analysts.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Fraud Analysts | 6,196 | 18% |
| Fraud Investigators | 7,162 | 20.8% |
| Fraud Specialists | 5,585 | 16.2% |
| Quantitative Analysts | 2,429 | 7% |
| Quantitative Risk Analysts | 1,591 | 4.6% |
| Model Validation Analysts | 1,067 | 3.1% |
| Model Risk Managers | 1,026 | 3% |
| Quantitative Model Analysts | 721 | 2.1% |
| Quantitative Financial Analysts | 2,689 | 7.8% |
| Quantitative Model Validation Analysts | 622 | 1.8% |
| Fraud Risk Analysts | 467 | 1.4% |
| Bail Bond Agents | 943 | 2.7% |
| Fraud Detection Analysts | 496 | 1.4% |
| Fraud Prevention Analysts | 1,274 | 3.7% |
| Quantitative Researchers | 460 | 1.3% |
| Financial Engineers | 402 | 1.2% |
| Fraud Data Analysts | 370 | 1.1% |
| Fraud Prevention Specialists | 424 | 1.2% |
| Directors of Credit Model Development | 249 | 0.7% |
| Quantitative Analytics Managers | 338 | 1% |
Additional Links
Ready to dig deeper into career information for fraud data analysts? Visit our other pages focused on salary and education for fraud data analysts.
How much do fraud data analysts make?
Fraud Data Analysts: How do you become one?
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