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Salary and Benefits

Fraud Specialist
$44K-$53K / yr. (est.)
$44K
$49,086 / 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 Specialist

What does a Fraud Specialist do?

As Fraud Specialists, we perform security-related functions. We gather support documentation and close and reissue accounts. It is our duty to establish and review cases that are fraudulent. We monitor and process fraud detection queues. We check account activity and place outbound calls when appropriate. Tracking product changes to ensure any system issues is our job. We perform maintenance on daily spend increases. We research issues such as declined authorizations. Maintaining the multiple application credit card functionality is a part of our job. We investigate suspicious activities that can pose a risk to client’s customers.

Core tasks:

  • handle incoming customer queries
  • take action to identify and help minimize the risk posed by fraud patterns
  • achieve quality standards for investigations
  • define the mitigation and control framework for the risks
  • perform an analytical review of data and documentation
  • make decisions on suspect activity flagged for investigative review

Insights

How Many Years of Experience Do Professionals Need Before Becoming Fraud Specialist?
On average, people work 5-7 years in other positions prior to becoming a Fraud Specialist.
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Fraud SpecialistPhoenix, AZ - A year ago
Seems like a necessary evil. It may take a while, but it's important to have seasoned professionals in the field.
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Fraud SpecialistSan Antonio, TX - A year ago
🙄 Can't believe the audacity to expect someone to work for 5-7 years before becoming a Fraud Specialist. They better pay well!
How Long Do Fraud Specialist Employees Typically Stay in Their Roles?
On average, Fraud Specialists works in this position for 3-5 years across multiple employers.
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Software EngineerSan Francisco, CA - A year ago
3-5 years is the perfect duration - enough time to become a master in this domain while opening doors to exciting opportunities!
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Customer Service RepresentativeHouston, TX - A year ago
Oh, only 3-5 years? 🙄 Trying to minimize our importance in the industry again?
What Is the Job Hopper Score for Fraud Specialist Employees?
Steady employment history in Fraud Specialist, with a tendency to stay with one company for extended periods of time.
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Fraud SpecialistHouston, TX - A year ago
👍 This infographic is spot on! I'm proud of my long-term employment history as a Fraud Specialist. It shows my loyalty and dedication in fighting fraud.
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Fraud SpecialistMiami, FL - A year ago
i disagree with this. 😡 I prefer switching companies frequently as a Fraud Specialist as it allows me to continuously learn and stay updated with the latest fraud tactics in different industries.

Career path

Path to job

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

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Fraud Specialist Employees?
Gender ratio in Fraud Specialist position: 0.494319926312558 Male and 0.505680073687442 Female. Age ratio in Fraud Specialist position: 16-20: 14%, 21-30: 66%, 31-40: 14%, 41-50: 4%, 51-60: 2%, 60+: 0%. Fraud Specialist position is predominantly female (50.6%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Fraud SpecialistPhoenix, AZ - A year ago
Huh, 2% in the 51-60 age group? That's pitiful! We need more experienced folks in this field! 😕
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Fraud SpecialistPhiladelphia, PA - A year ago
Yay, finally a career path with some diversity in terms of age and gender! 🌈

Workplaces

Who Are the Top Employers for Fraud Specialist?
Top employers of Fraud Specialist position: Capital One, Chase, Citi. People who work in Fraud Specialist position most typically go on to work for the Capital One.
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Fraud SpecialistMiami, FL - A year ago
As a Fraud Specialist, I've had the best experience working with Chase. They prioritize their employees' wellbeing and provide all the necessary resources to excel in the role.
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Fraud SpecialistNew York City, NY - A year ago
I can't believe Citi is on this list! They are clearly the worst employer for Fraud Specialists - low pay, toxic work culture, and no room for growth.
Capital One
Chase
Citi
What Industries Does Fraud Specialist Typically Have Experience In?
Industry Background: The most typical industries of Fraud Specialist: Finance & Insurance, Professional / Scientific / Technical, Information Technology, Retail, Administrative & Support. Fraud Specialist employees most likely come from a Finance & Insurance industry background.
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Fraud SpecialistHouston, TX - A year ago
Hey y'all, I gotta say, being a Fraud Specialist sure keeps me on my toes. It's like a never-ending game of cat and mouse, but when we catch those scammers, it's so satisfying! 🐱
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Fraud SpecialistMiami, FL - A year ago
I feel like the world of fraud is evolving at a rapid pace, and us Fraud Specialists have to keep up with every trick, technique, and new scam to keep our clients safe. It's a never-ending battle of wits.

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Discussion about Fraud Specialist

Want to know more about Fraud Specialist position?
Share your thoughts and ideas about Fraud Specialist position with others in our community.
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How is the gender diversity among people working as a Fraud Specialist?
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Isabella Holmes4 years ago
50% are women in this profession.
How old are people who work as a Fraud Specialist?
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Liam Brown4 years ago
People working as a Fraud Specialist are 27 old on average.
How much experience is typically required to work as a Fraud Specialist?
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Benjamin Gardner4 years ago
On average, people have 6 years of experience when they start working as a Fraud Specialist
Which industries does a Fraud Specialist typically work in?
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Benjamin Gardner4 years ago
Finance & Insurance employs the most.
Speaking of higher education, do I need a degree as a Fraud Specialist?
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Liam Brown4 years ago
Most people have No higher education
Which company is likely to have openings for Fraud Specialist positions?
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Sophie Hayes4 years ago
Working as a Fraud Specialist it might be a good next step to work for Capital One, Chase, Citi, JPMorgan Chase & Co. and Synchrony
How many years do people work as a Fraud Specialist before changing their role?
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Liam Brown4 years ago
4 years is the typical lifespan for a Fraud Specialist.
Is it common for people to switch companies and still work as a Fraud Specialist?
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Benjamin Gardner4 years ago
Changing companies for a Fraud Specialist is not typical.
From which job titles people come from to work as a Fraud Specialist?
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Isabella Holmes4 years ago
Customer Service Representative, Teller or Fraud Analyst are the typical prior positions for a Fraud Specialist
What typical professions people working as a Fraud Specialist switch to?
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Isabella Holmes4 years ago
Consider the following: Customer Service Representative, Fraud Analyst or Fraud Investigator
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