[ad_1]
A fraud analyst detects and prevents fraud, evaluates ways to reduce the risk of fraud, and requires a high school diploma and a college degree in fields such as business administration, finance, information systems management, or criminal law. Previous experience in related fields and skills such as analytical, problem-solving, multitasking, and communication are also important.
A fraud analyst generally works to identify methods people use to commit fraud, detect and prevent fraud, and evaluate ways to reduce the risk of fraud. While requirements vary when it comes to becoming a fraud analyst, your employer will most likely consider you for this job if you have a high school diploma and have also earned a college degree. The requirements for their specialization can depend on the company, but many prefer candidates with degrees in a field such as business administration, finance or information systems management, or criminal law. Additionally, you will likely need at least a few years of related experience to become a fraud analyst.
Your educational background is important to pursue this career. Typically, you’ll need not only a high school diploma or general educational development (GED) credential, but a college degree as well. The major you choose in your pursuit of this career may be most helpful if it is related to finance or provides you with the technology and computer knowledge you can use for that job. For example, you might consider earning a degree in information systems management or choosing a course related to criminal justice, law or law enforcement. Additionally, you might consider getting a master’s degree in one of these fields to increase your chances of becoming a fraud analyst, as some employers prefer candidates with a graduate degree.
Most employers will also consider your previous work experience when looking to pursue this career path. Experience in business administration, finance, information systems or risk operations jobs can benefit you as you compete to become a fraud analyst. Likewise, you may stand out among other candidates if you have experience in a fraud prevention job or have worked in risk management. Also, you may need to have experience investigating or working as a credit analyst to land some jobs in this field.
The skills and knowledge you have will likely be important when you want to become a fraud analyst. You will likely need to be detail-oriented and have good analytical skills to spot signs of fraud. Problem solving skills are usually required and you will likely need excellent multitasking and communication skills. Much of the work you do in this job may involve private information; therefore, you will usually need a commitment to follow your employer’s confidentiality procedures. In addition, many employers expect you to be up to speed on fraud, transaction, and billing laws and procedures when you want to become a fraud analyst.
[ad_2]