What Do Fraud Detection Analysts Do?
Wondering what the job is really like for fraud detection analysts?
You've come to the right place.
Keep reading to find detailed information about what fraud detection 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 Detection Analysts Overview & Description
Let's get started with the basics about fraud detection analysts by taking a look at a simple description and popular job titles.
Fraud Detection Analysts all financial specialists not listed separately.
Popular Job Titles For Fraud Detection Analysts
Sample of Reported Job Titles
- Fraud Investigators
- Fraud Analysts
- Quantitative Analysts
- AML Analysts
- Fraud Specialists
- AML Investigators
- Clinical Fraud Investigators
- International Tax Analysts
- AML Directors
- BSA/AML Analysts
- Investigators
- Fraud Managers
Read on for insight into the industries where the highest concentration of jobs for fraud detection analysts can be found.
Best Industries for Fraud Detection Analysts
Fraud Detection Analysts Jobs By Industry
- Federal Government, Civilian: 22.9%
- Depository Credit Intermediation: 11.1%
- Management of Companies and Enterprises: 7.4%
- Other Financial Investment Activities: 4.9%
- Securities and Commodity Contracts Intermediation and Brokerage: 4%
- Education and Hospitals (State Government): 3.8%
- Other: 45.9%
When it comes to jobs in the United States, the largest single category of fraud detection analysts can be found working in the Federal Government, Civilian sector. In 2023, about 22.9% of all jobs for fraud detection analysts were found there.
Other top industries by percentage include Depository Credit Intermediation (11.1%), Management of Companies and Enterprises (7.4%), Other Financial Investment Activities (4.9%), Securities and Commodity Contracts Intermediation and Brokerage (4%) and Education and Hospitals (State Government) (3.8%).
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What Do Fraud Detection Analysts Do on a Daily Basis?
So you have a high-level understanding of what fraud detection 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 detection 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 detection analysts tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for fraud detection 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 Detection Analysts
Based on 11,859 job postings
Top 5 Specialized Skills for Fraud Detection Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Anti Money Laundering | 3,193 | 27% |
| Auditing | 2,391 | 20% |
| Bank Secrecy Act | 2,347 | 20% |
| Financial Services | 2,299 | 19% |
| Fraud Investigation | 2,260 | 19% |
Top 5 Common Skills for Fraud Detection Analysts
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communication | 5,378 | 45% |
| Management | 4,582 | 39% |
| Research | 4,458 | 38% |
| Investigation | 4,170 | 35% |
| Operations | 3,228 | 27% |
Based on 11,859 job postings related to fraud detection analysts, anti money laundering was the top specialized skill sought by employers, with 27% of all postings looking for that skillset. Skills for auditing, bank secrecy act, financial services, fraud investigation and finance were also highly sought.
As for common skills, communication was the most desired skill found in job postings for fraud detection analysts, followed by management, research, investigation, operations and microsoft excel.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Anti Money Laundering | 3,193 | 27% |
| Auditing | 2,391 | 20% |
| Bank Secrecy Act | 2,347 | 20% |
| Financial Services | 2,299 | 19% |
| Fraud Investigation | 2,260 | 19% |
| Finance | 2,129 | 18% |
| Data Analysis | 2,018 | 17% |
| Risk Management | 1,969 | 17% |
| Law Enforcement | 1,753 | 15% |
| Accounting | 1,727 | 15% |
| Fraud Prevention | 1,725 | 15% |
| Python (Programming Language) | 1,688 | 14% |
| Statistics | 1,613 | 14% |
| SQL (Programming Language) | 1,573 | 13% |
| Economics | 1,349 | 11% |
| Fraud Detection | 1,262 | 11% |
| Office Of Foreign Assets Controls | 1,205 | 10% |
| Suspicious Activity Report | 1,196 | 10% |
| Due Diligence | 1,149 | 10% |
| Project Management | 1,079 | 9% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communication | 5,378 | 45% |
| Management | 4,582 | 39% |
| Research | 4,458 | 38% |
| Investigation | 4,170 | 35% |
| Operations | 3,228 | 27% |
| Microsoft Excel | 2,888 | 24% |
| Detail Oriented | 2,716 | 23% |
| Problem Solving | 2,685 | 23% |
| Writing | 2,651 | 22% |
| Leadership | 2,219 | 19% |
| Customer Service | 2,114 | 18% |
| Microsoft Office | 1,920 | 16% |
| Analytical Skills | 1,767 | 15% |
| Microsoft PowerPoint | 1,565 | 13% |
| Verbal Communication Skills | 1,563 | 13% |
| Interpersonal Communications | 1,501 | 13% |
| Presentations | 1,470 | 12% |
| Mathematics | 1,453 | 12% |
| Multitasking | 1,331 | 11% |
| Self-Motivation | 1,274 | 11% |
Most In-Demand Jobs for Fraud Detection Analysts
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Fraud Investigators | 2,367 | 16.6% |
| Fraud Analysts | 2,404 | 16.8% |
| Quantitative Analysts | 1,498 | 10.5% |
| AML Analysts | 922 | 6.4% |
| Fraud Specialists | 1,243 | 8.7% |
According to job postings that were published between September 2022 and August 2023, the top job sought by employers was fraud investigators, with 1,173 unique job postings. Fraud analysts were second, with 679 postings, followed by quantitative analysts, aml analysts and fraud specialists.
Expand the section below to see unique job postings for all occupations related to fraud detection analysts.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Fraud Investigators | 2,367 | 16.6% |
| Fraud Analysts | 2,404 | 16.8% |
| Quantitative Analysts | 1,498 | 10.5% |
| AML Analysts | 922 | 6.4% |
| Fraud Specialists | 1,243 | 8.7% |
| AML Investigators | 906 | 6.3% |
| Clinical Fraud Investigators | 409 | 2.9% |
| International Tax Analysts | 746 | 5.2% |
| AML Directors | 538 | 3.8% |
| BSA/AML Analysts | 422 | 3% |
| Investigators | 316 | 2.2% |
| Fraud Managers | 340 | 2.4% |
| Quantitative Modelers | 242 | 1.7% |
| AML/KYC Analysts | 303 | 2.1% |
| Fraud Strategy Analysts | 269 | 1.9% |
| Fraud Prevention Analysts | 280 | 2% |
| AML/BSA Consultants | 224 | 1.6% |
| Fraud Detection Analysts | 317 | 2.2% |
| AML Operations Analysts | 175 | 1.2% |
| Fraud Prevention Managers | 380 | 2.7% |
Additional Links
Ready to dig deeper into career information for fraud detection analysts? Visit our other pages focused on salary and education for fraud detection analysts.
How much do fraud detection analysts make?
Fraud Detection Analysts: How do you become one?
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