Will “Fraud Detection Analyst” be Automated?

Core Skills & Abilities

• Lead, or participate in, fraud investigation teams.

• Interview witnesses or suspects and take statements.

• Obtain and serve subpoenas.

• Design, implement, or maintain fraud detection tools or procedures.

• Review reports of suspected fraud to determine need for further investigation.

• Document all investigative activities.

• Gather financial documents related to investigations.

• Arrest individuals to be charged with fraud.

• Prepare written reports of investigation findings.

• Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.

• Recommend actions in fraud cases.

• Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.

• Train others in fraud detection and prevention techniques.

• Research or evaluate new technologies for use in fraud detection systems.

• Testify in court regarding investigation findings.

• Conduct field surveillance to gather case-related information.

• Negotiate with responsible parties to arrange for recovery of losses due to fraud.

• Prepare evidence for presentation in court.

• Evaluate business operations to identify risk areas for fraud.

• Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.

• Advise businesses or agencies on ways to improve fraud detection.

• Coordinate investigative efforts with law enforcement officers and attorneys.

• Create and maintain logs, records, or databases of information about fraudulent activity.