Summary Report for:
13-2099.04 - Fraud Examiners, Investigators and Analysts
Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Sample of reported job titles: Certified Fraud Examiner, Confidential Investigator, Financial Investigator, Forensic Accountant, Forensic Audit Expert, Fraud Manager, Inspector General, Investigations Chief, Investigator, Special Investigation Unit Investigator
Tasks | Technology Skills | Tools Used | Knowledge | Skills | Abilities | Work Activities | Detailed Work Activities | Work Context | Job Zone | Education | Credentials | Interests | Work Styles | Work Values | Related Occupations | Wages & Employment | Job Openings | Additional Information
- Document all investigative activities.
- Prepare written reports of investigation findings.
- Analyze financial data to detect irregularities in areas such as billing trends, financial relationships, and regulatory compliance procedures.
- Gather financial documents related to investigations.
- Interview witnesses or suspects and take statements.
- Review reports of suspected fraud to determine need for further investigation.
- Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
- Lead, or participate in, fraud investigation teams.
- Prepare evidence for presentation in court.
- Coordinate investigative efforts with law enforcement officers and attorneys.
- Testify in court regarding investigation findings.
- Recommend actions in fraud cases.
- Evaluate business operations to identify risk areas for fraud.
- Create and maintain logs, records, or databases of information about fraudulent activity.
- Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
- Advise businesses or agencies on ways to improve fraud detection.
- Negotiate with responsible parties to arrange for recovery of losses due to fraud.
- Train others in fraud detection and prevention techniques.
- Design, implement, or maintain fraud detection tools or procedures.
- Conduct field surveillance to gather case-related information.
- Research or evaluate new technologies for use in fraud detection systems.
- Arrest individuals to be charged with fraud.
- Obtain and serve subpoenas.
- Accounting software — Bookkeeping software
- Analytical or scientific software — SAS
- Audit software — PCG Software Virtual Examiner
- Business intelligence and data analysis software — Guardian Analytics FraudMAP; IBM Cognos; Tableau ; TIBCO Spotfire (see all 5 examples)
- Data base user interface and query software — Data entry software ; Microsoft Access ; Structured query language SQL ; Vertafore ImageRight (see all 6 examples)
- Electronic mail software — Microsoft Outlook
- Enterprise resource planning ERP software — SAP Business Objects
- Enterprise system management software — ArcSight Enterprise Threat and Risk Management; Splunk Enterprise
- Graphics or photo imaging software — Microsoft Visio
- Information retrieval or search software — LexisNexis
- Medical software — Electronic health record EHR software
- Object or component oriented development software — R
- Office suite software — Microsoft Office
- Presentation software — Microsoft PowerPoint
- Project management software — Microsoft SharePoint
- Spreadsheet software — Microsoft Excel
- Transaction security and virus protection software — Symantec
- Word processing software — Microsoft Word
Hot Technology — a technology requirement frequently included in employer job postings.
- Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- Computers and Electronics — Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Psychology — Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Writing — Communicating effectively in writing as appropriate for the needs of the audience.
- Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
- Speaking — Talking to others to convey information effectively.
- Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
- Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Coordination — Adjusting actions in relation to others' actions.
- Monitoring — Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Social Perceptiveness — Being aware of others' reactions and understanding why they react as they do.
- Negotiation — Bringing others together and trying to reconcile differences.
- Persuasion — Persuading others to change their minds or behavior.
- Time Management — Managing one's own time and the time of others.
- Management of Personnel Resources — Motivating, developing, and directing people as they work, identifying the best people for the job.
- Instructing — Teaching others how to do something.
- Learning Strategies — Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
- Service Orientation — Actively looking for ways to help people.
- Written Comprehension — The ability to read and understand information and ideas presented in writing.
- Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
- Written Expression — The ability to communicate information and ideas in writing so others will understand.
- Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
- Near Vision — The ability to see details at close range (within a few feet of the observer).
- Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
- Speech Clarity — The ability to speak clearly so others can understand you.
- Speech Recognition — The ability to identify and understand the speech of another person.
- Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Category Flexibility — The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Fluency of Ideas — The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Selective Attention — The ability to concentrate on a task over a period of time without being distracted.
- Flexibility of Closure — The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Originality — The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem.
- Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
- Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
- Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
- Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
- Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.
- Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
- Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
- Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.
- Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.
- Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
- Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
- Provide Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
- Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
- Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.
- Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
- Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.
- Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.
- Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
- Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
- Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.
- Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
- Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.
- Performing for or Working Directly with the Public — Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
- Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
Detailed Work Activities
- Prepare legal or investigatory documentation.
- Document information related to legal proceedings.
- Analyze business or financial data.
- Gather financial records.
- Interview witnesses, suspects, or claimants.
- Investigate legal issues.
- Supervise employees.
- Collect evidence for legal proceedings.
- Advise others on business or operational matters.
- Advise others on legal or regulatory compliance matters.
- Testify at legal or legislative proceedings.
- Assess risks to business operations.
- Maintain data in information systems or databases.
- Update professional knowledge.
- Negotiate contracts with clients or service providers.
- Train personnel to enhance job skills.
- Develop business or financial information systems.
- Inform individuals or organizations of status or findings.
- Obtain documentation to authorize activities.
- Electronic Mail — 88% responded “Every day.”
- Telephone — 71% responded “Every day.”
- Importance of Being Exact or Accurate — 64% responded “Extremely important.”
- Face-to-Face Discussions — 54% responded “Every day.”
- Indoors, Environmentally Controlled — 68% responded “Every day.”
- Structured versus Unstructured Work — 60% responded “Some freedom.”
- Work With Work Group or Team — 50% responded “Very important.”
- Contact With Others — 50% responded “Contact with others most of the time.”
- Spend Time Sitting — 50% responded “More than half the time.”
- Freedom to Make Decisions — 56% responded “Some freedom.”
- Impact of Decisions on Co-workers or Company Results — 48% responded “Important results.”
- Deal With External Customers — 46% responded “Very important.”
- Duration of Typical Work Week — 52% responded “More than 40 hours.”
- Importance of Repeating Same Tasks — 36% responded “Extremely important.”
- Letters and Memos — 42% responded “Once a month or more but not every week.”
- Time Pressure — 44% responded “Once a month or more but not every week.”
- Coordinate or Lead Others — 48% responded “Very important.”
- Frequency of Decision Making — 36% responded “Once a month or more but not every week.”
- Level of Competition — 56% responded “Moderately competitive.”
- Responsibility for Outcomes and Results — 40% responded “High responsibility.”
- Deal With Unpleasant or Angry People — 36% responded “Once a year or more but not every month.”
- Physical Proximity — 50% responded “Slightly close (e.g., shared office).”
- Frequency of Conflict Situations — 36% responded “Once a month or more but not every week.”
|Title||Job Zone Four: Considerable Preparation Needed|
|Education||Most of these occupations require a four-year bachelor's degree, but some do not.|
|Related Experience||A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.|
|Job Training||Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.|
|Job Zone Examples||Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators.|
|SVP Range||(7.0 to < 8.0)|
Interest code: EIC Want to discover your interests? Take the O*NET Interest Profiler at My Next Move.
- Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
- Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
- Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
- Integrity — Job requires being honest and ethical.
- Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.
- Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
- Persistence — Job requires persistence in the face of obstacles.
- Initiative — Job requires a willingness to take on responsibilities and challenges.
- Self Control — Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
- Adaptability/Flexibility — Job requires being open to change (positive or negative) and to considerable variety in the workplace.
- Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high stress situations.
- Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
- Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
- Independence — Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
- Innovation — Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
- Leadership — Job requires a willingness to lead, take charge, and offer opinions and direction.
- Concern for Others — Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
- Social Orientation — Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
- Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
- Working Conditions — Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
- Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
Wages & Employment Trends
Median wage data for Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other.
Employment data for Financial Specialists, All Other.
Industry data for Financial Specialists, All Other.
|Median wages (2019)||$39.22 hourly, $81,590 annual|
|Employment (2018)||144,100 employees|
|Projected growth (2018-2028)||Average (4% to 6%)|
|Projected job openings (2018-2028)||13,700|
|Top industries (2018)|
Source: Bureau of Labor Statistics 2019 wage data and 2018-2028 employment projections . "Projected growth" represents the estimated change in total employment over the projections period (2018-2028). "Projected job openings" represent openings due to growth and replacement.
Job Openings on the Web
Sources of Additional Information
Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.
- American Institute of CPAs
- ASIS International
- Association of Certified Fraud Examiners
- International Association of Arson Investigators
- International Association of Financial Crimes Investigators
- International Association of Special Investigation Units
- Occupational Outlook Handbook: Financial analysts
- The Institute of Internal Auditors