Fraud Examiners, Investigators and Analysts
Overview
Demand
Core Tasks
Technology Skills
Tools Used
Top 10 Knowledge Required
Top 10 Skills
Top 10 Abilities
Top 10 Work Activities
Detailed Work Activities
Work Context
Education
Majors
Interests
Top 10 Work Styles
Work Values
Related Careers
Overview
Job Zone Four: Considerable Preparation Needed
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.
Education
Most of these occupations require a four-year bachelor's degree, but some do not.
Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
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.
Obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities.
Demand
Core Tasks
Arrest individuals to be charged with fraud.
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.
Conduct in-depth investigations of suspicious financial activity, such as suspected money-laundering efforts.
Review reports of suspected fraud to determine need for further investigation.
Lead, or participate in, fraud investigation teams.
Prepare evidence for presentation in court.
Coordinate investigative efforts with law enforcement officers and attorneys.
Recommend actions in fraud cases.
Testify in court regarding investigation findings.
Create and maintain logs, records, or databases of information about fraudulent activity.
Evaluate business operations to identify risk areas for fraud.
Advise businesses or agencies on ways to improve fraud detection.
Maintain knowledge of current events and trends in such areas as money laundering and criminal tools and techniques.
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.
Obtain and serve subpoenas.
Research or evaluate new technologies for use in fraud detection systems.
Technology Skills
Technology
Example
Hot Technology
Tools Used
Tool
Example
Top 10 Knowledge Required
Law and Government
81%
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
English Language
80%
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
77%
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Computers and Electronics
71%
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Mathematics
69%
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Psychology
66%
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
62%
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.
Education and Training
59%
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Customer and Personal Service
56%
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Personnel and Human Resources
55%
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Top 10 Skills
Writing
83%
Communicating effectively in writing as appropriate for the needs of the audience.
Active Listening
80%
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
80%
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension
80%
Understanding written sentences and paragraphs in work related documents.
Speaking
80%
Talking to others to convey information effectively.
Active Learning
78%
Understanding the implications of new information for both current and future problem-solving and decision-making.
Complex Problem Solving
75%
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Judgment and Decision Making
75%
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Coordination
73%
Adjusting actions in relation to others' actions.
Monitoring
68%
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Top 10 Abilities
Written Comprehension
83%
The ability to read and understand information and ideas presented in writing.
Inductive Reasoning
80%
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Oral Expression
80%
The ability to communicate information and ideas in speaking so others will understand.
Written Expression
80%
The ability to communicate information and ideas in writing so others will understand.
Deductive Reasoning
78%
The ability to apply general rules to specific problems to produce answers that make sense.
Near Vision
78%
The ability to see details at close range (within a few feet of the observer).
Oral Comprehension
78%
The ability to listen to and understand information and ideas presented through spoken words and sentences.
Problem Sensitivity
78%
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
78%
The ability to speak clearly so others can understand you.
Speech Recognition
75%
The ability to identify and understand the speech of another person.
Top 10 Work Activities
Getting Information
92%
Observing, receiving, and otherwise obtaining information from all relevant sources.
Communicating with Supervisors, Peers, or Subordinates
90%
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
Interacting With Computers
90%
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
86%
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
86%
Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Establishing and Maintaining Interpersonal Relationships
85%
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Processing Information
85%
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Documenting/Recording Information
84%
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Organizing, Planning, and Prioritizing Work
84%
Developing specific goals and plans to prioritize, organize, and accomplish your work.
Updating and Using Relevant Knowledge
84%
Keeping up-to-date technically and applying new knowledge to your job.
Detailed Work Activities
Document information related to legal proceedings.
Prepare legal or investigatory documentation.
Analyze business or financial data.
Gather financial records.
Interview witnesses, suspects, or claimants.
Investigate legal issues.
Supervise employees.
Collect evidence for legal proceedings.
Testify at legal or legislative proceedings.
Advise others on business or operational matters.
Advise others on legal or regulatory compliance matters.
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.
Obtain documentation to authorize activities.
Inform individuals or organizations of status or findings.
Work Context
Electronic Mail
How often do you use electronic mail in this job?
Telephone
How often do you have telephone conversations in this job?
Indoors, Environmentally Controlled
How often does this job require working indoors in environmentally controlled conditions?
Importance of Being Exact or Accurate
How important is being very exact or highly accurate in performing this job?
Face-to-Face Discussions
How often do you have to have face-to-face discussions with individuals or teams in this job?
Importance of Repeating Same Tasks
How important is repeating the same physical activities (e.g., key entry) or mental activities (e.g., checking entries in a ledger) over and over, without stopping, to performing this job?
Contact With Others
How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?
Work With Work Group or Team
How important is it to work with others in a group or team in this job?
Deal With External Customers
How important is it to work with external customers or the public in this job?
Spend Time Sitting
How much does this job require sitting?
Education
Majors based on the broader career Financial Specialists, All Other
Major
Interests
Enterprising
91%
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
81%
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
53%
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.
Realistic
34%
Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.
Social
19%
Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
Artistic
15%
Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.
Top 10 Work Styles
Integrity
100%
Job requires being honest and ethical.
Attention to Detail
94%
Job requires being careful about detail and thorough in completing work tasks.
Dependability
92%
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Analytical Thinking
90%
Job requires analyzing information and using logic to address work-related issues and problems.
Initiative
88%
Job requires a willingness to take on responsibilities and challenges.
Persistence
88%
Job requires persistence in the face of obstacles.
Self Control
88%
Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
Adaptability/Flexibility
84%
Job requires being open to change (positive or negative) and to considerable variety in the workplace.
Stress Tolerance
84%
Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Cooperation
83%
Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
Work Values
Independence
77%
Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
Achievement
72%
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.
Working Conditions
72%
Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
Support
67%
Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
Recognition
62%
Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.
Relationships
62%
Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
