A fraud analyst’s job entails determining how people commit fraud, detecting and preventing fraud, and evaluating ways to reduce the risk of fraud. Though the requirements for becoming a fraud analyst vary, an employer will most likely consider you for this position if you have a high school diploma and a college degree. The company’s major requirements may vary, but many employers prefer candidates with degrees in business administration, finance, information systems management, or criminal law. To become a fraud analyst, you’ll probably need at least a couple of years of related experience.
In order to pursue this career, your educational background is crucial. A college degree is usually required in addition to a high school diploma or a general educational development (GED) credential. The major you choose to pursue this career may be most beneficial if it is finance-related or provides you with computer and technological skills that you can apply to this job. Consider pursuing an information systems management degree or a major in criminal justice, law, or law enforcement. You should also consider getting a master’s degree in one of these fields to improve your chances of landing a job as a fraud analyst, as some employers prefer candidates with advanced degrees.
When it comes to pursuing this career, most employers will take into account your previous work experience. Working in business administration, finance, information systems, or risk operations may help you stand out as a fraud analyst candidate. Similarly, if you have worked in fraud prevention or risk management, you may stand out among other candidates. In order to land some jobs in this field, you may also need experience performing investigations or working as a credit analyst.
When it comes to becoming a fraud analyst, your skills and knowledge will almost certainly be crucial. In order to spot signs of fraud, you’ll probably need to be detail-oriented and analytical. You’ll almost certainly need problem-solving skills, as well as excellent multitasking and communication abilities. Because a lot of the work you’ll be doing in this job will involve private information, you’ll need to be committed to following your employer’s confidentiality policies. When you want to work as a fraud analyst, many employers will expect you to stay up to date on fraud, transaction, and collection laws and procedures.