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Salary and Benefits

Fraud Analyst
$44K-$53K / yr. (est.)
$44K
$49,073 / year
$54K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Fraud Analyst

What does a Fraud Analyst do?

As Fraud Analysts, we review, analyze, and resolve chargeback disputes. It is our job to build dispute cases to recover funds for merchants using proprietary software. We review consumer transactions and account activity for fraudulent activity. We oversee identity theft, account takes over, friendly fraud, and other identified risks. Reviewing and analyzing individual cases for closure or referral to other units is apart of our job. We validate appropriate data from internal and third-party systems. We ensure that the appropriate course of action is being pursued. We are responsible for reviewing transactions in multiple systems. Communicating with internal sources related to the fraudulent activity is our duty.

Core tasks:

  • provide input on new ways of identifying fraud
  • improve existing fraud models
  • work with technical staff to test fraud models
  • participate in meetings and events
  • ensure appropriate responses to disputes
  • track disputed transactions for possible fraudulent activity
  • serve customers by resolving product and service problems

Insights

How Many Years of Experience Do Professionals Need Before Becoming Fraud Analyst?
On average, people work 5-7 years in other positions prior to becoming a Fraud Analyst.
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Bank TellerHouston, TX - 10 months ago
😤 This is absolute nonsense! I worked my way up from Bank Teller to Fraud Analyst in just 3 years. That's gotta be some kind of record!
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Administrative AssistantMiami, FL - 10 months ago
Can't believe this! It took me 6 whole years as an Administrative Assistant before I became a Fraud Analyst. Talk about a slow climb! 😒
How Long Do Fraud Analyst Employees Typically Stay in Their Roles?
On average, Fraud Analysts works in this position for 3-5 years across multiple employers.
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HR ManagerLos Angeles, CA - 10 months ago
From an HR perspective, it's essential for Fraud Analysts to demonstrate stability and longevity in their careers. It's concerning that they tend to job-hop, as it might indicate issues like poor work relationships or inability to adapt.
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Security OfficerHouston, TX - 10 months ago
frad analyst lol 😂 they keep swapping jobs cos they gettin caught doin shady stuff. a real professional got no reason to leave their job that often and risk their reputation, ya know?
What Is the Job Hopper Score for Fraud Analyst Employees?
Moderate job changes in Fraud Analyst, showing some career movement without excessive turnover.
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Police OfficerHouston, TX - 11 months ago
Don't reckon career changing is such a hot idea for Fraud Analysts, mate. Stickin' to one position allows 'em to build deep domain knowledge 'n become formidable in fightin' fraud, ya know? 🚓
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Security OfficerPhiladelphia, PA - 11 months ago
I work in security too, and changin' jobs can create more opportunities to collab with different teams. It adds variety 'n sharpen skills by adapting to diverse environments. Go for it, Fraud Analysts! 🤝

Career path

Path to job

Discover a Fraud Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Fraud Analyst typically studied at.
Arizona State University-Tempe
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Fraud Analyst Employees?
Gender ratio in Fraud Analyst position: 0.550934719584125 Male and 0.449065280415875 Female. Age ratio in Fraud Analyst position: 16-20: 13%, 21-30: 69%, 31-40: 13%, 41-50: 4%, 51-60: 1%, 60+: 0%. Fraud Analyst position is predominantly male (55.1%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Fraud AnalystMiami, FL - 10 months ago
this just proves that the Fraud Analyst industry needs more diversity and inclusivity. come on, hiring managers! 💪
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Fraud AnalystSeattle, WA - 10 months ago
hmm, the gender ratio is concerning, but let's not ignore the lack of representation for older age groups. ageism is real! 👴

Workplaces

Who Are the Top Employers for Fraud Analyst?
Top employers of Fraud Analyst position: Bank of America, Capital One, Citi. People who work in Fraud Analyst position most typically go on to work for the Bank of America.
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Fraud AnalystHouston, TX - 11 months ago
Bank of America might be a top employer, but that doesn't mean their Fraud Analysts are the best. I've seen some fantastic work done by professionals at smaller banks too!
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Fraud AnalystMiami, FL - 11 months ago
Bank of America? Capital One? Citi? They all have their strengths, but let's not forget about the impressive Fraud Analysts at other financial institutions across the country.
Bank of America
Capital One
Citi
What Industries Does Fraud Analyst Typically Have Experience In?
Industry Background: The most typical industries of Fraud Analyst: Finance & Insurance, Information Technology, Retail, Professional / Scientific / Technical, Administrative & Support. Fraud Analyst employees most likely come from a Finance & Insurance industry background.
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Fraud AnalystHouston, TX - 10 months ago
Y'all don't understand the pressure we Fraud Analysts face every day. One wrong move and we could be responsible for millions of dollars lost. It's a high-stakes job, y'know?
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Fraud AnalystMiami, FL - 10 months ago
🕵 Fraud Analysts like me are like detectives for the financial world. We unravel complex schemes and bring justice against those who try to deceive others. It's a thrilling profession!

Find your job as Fraud Analyst

Discussion about Fraud Analyst

Want to know more about Fraud Analyst position?
Share your thoughts and ideas about Fraud Analyst position with others in our community.
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How is the gender diversity among people working as a Fraud Analyst?
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Liam Brown3 years ago
The women/men ratio is well balanced.
What is the most common age of a Fraud Analyst?
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Isabella Holmes3 years ago
The typical age is 26 for a Fraud Analyst.
Do I need a lot of experience to be a Fraud Analyst?
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Isabella Holmes3 years ago
On average, people have 6 years of experience when they start working as a Fraud Analyst
Which industries does a Fraud Analyst typically work in?
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Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
Is a higher education needed as a Fraud Analyst?
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Benjamin Gardner3 years ago
As a Fraud Analyst you’ll probably need No higher education
As a Fraud Analyst, which company should I definitely check out for jobs?
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Isabella Holmes3 years ago
Working as a Fraud Analyst it might be a good next step to work for Bank of America, Capital One, Citi, JPMorgan Chase & Co. and U.S. Bank
How many years do people spend as a Fraud Analyst in their career path?
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Liam Brown3 years ago
A Fraud Analyst typically moves on after 4 years
How common is it for a Fraud Analyst to jump from company to company?
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Isabella Holmes3 years ago
A typical Fraud Analyst might work for one or two companies.
What occupations do people usually work in before becoming a Fraud Analyst?
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Sophie Hayes3 years ago
A Fraud Analyst probably worked as Customer Service Representative, Fraud Investigator or Teller before
If I’m working as a Fraud Analyst, what next position could I have?
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Liam Brown3 years ago
Consider the following: Customer Service Representative, Fraud Investigator or Fraud Manager
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