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Fraud Investigator Job Description

What does a Fraud Investigator do?

A Fraud Investigator is responsible for conducting research and investigations into suspected fraudulent activities. They collect and analyse data from various sources, such as financial records and other documentation, to identify signs of fraud. The investigator also works with law enforcement, attorneys and other professionals to present evidence of fraudulent behaviour. They may also develop strategies to prevent fraud from occurring in the future and educate others on how to recognise and prevent fraud. The role requires strong critical thinking and analytical skills, attention to detail and the ability to work autonomously or as part of a team.

Our Fraud Investigator job description includes the Fraud Investigator responsibilities, duties, skills, education, qualifications, and experience.

Fraud Investigator Example

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If you need an example job description for a Fraud Investigator download the one below, alternatively we have many other job description samples and a job description library with over 3000 job descriptions templates that you can download for free.

What does a Fraud Investigator do?

The Fraud Investigator is responsible for leading and performing investigations into fraudulent activities in order to protect the company’s assets. This individual will work closely with other departments within the organisation, as well as with external partners, to identify, investigate and prevent fraudulent activities. The Fraud Investigator will also be a point of contact for other departments in order to provide advice and guidance on fraud prevention and detection.

Duties & Responsibilities:

• Lead investigations into suspected fraudulent activities.
• Analyse and interpret data to detect patterns and anomalies in order to identify fraud risks.
• Research and investigate suspicious activities and transactions.
• Develop and implement effective fraud prevention and detection strategies.
• Liaise with other departments and external partners to share information and best practices.
• Monitor regulatory changes and recommend appropriate action.
• Prepare reports detailing the findings of investigations and recommendations.
• Provide advice and guidance on fraud prevention and detection.
• Keep up to date with fraud trends, techniques and technologies.

Fraud Investigator Role Purpose

The purpose of a Fraud Investigator is to investigate any suspected cases of fraud and other related offences, including money laundering, cybercrime and bribery. The role involves gathering evidence and intelligence, analysing financial records and other documents, interviewing witnesses and suspects, and presenting cases to the relevant authorities. A successful Fraud Investigator should be able to identify and assess any potential risks and act swiftly and effectively to prevent any losses.

Fraud Investigator Role

A Fraud Investigator is responsible for investigating and preventing fraudulent activity. They use a variety of investigative techniques to detect and analyse discrepancies and identify potential fraud, and advise on preventative measures. They must also be able to produce reports and present findings in a clear and concise manner.

Fraud Investigator Duties

  • Carry out investigations into fraud related matters
  • Analyse financial information and documents
  • Interpret complex financial data
  • Conduct interviews with internal and external stakeholders
  • Identify any evidence of non-compliance or fraudulent activity
  • Report findings and recommend actions
  • Develop strategies to prevent fraud
  • Keep up to date with relevant legislation and industry best practices

Fraud Investigator Requirements

  • Carry out investigations into suspected fraud and other related criminal activities
  • Interview witnesses and other parties involved
  • Analyse financial, accounting and other evidence
  • Gather intelligence and compile reports
  • Keep up to date with legislation and regulations

Fraud Investigator Skills

  • Excellent problem solving skills
  • Strong analytical and investigative skills
  • Knowledge of fraud prevention and detection methods
  • Good IT skills
  • Ability to analyse large amounts of data
  • Ability to write concise reports

Fraud Investigator Personal Traits

  • Excellent investigative skills
  • Excellent communication and interpersonal skills
  • Ability to work independently
  • Ability to work accurately and pay attention to detail
  • Good organisational skills
  • Discretion and confidentiality
  • Ability to work to deadlines

How to write a Fraud Investigator Job Advert

Use our job advert template to write a job advert for posting on job sites and job boards. Our job advertising templates are carefully created to help you reach your audience and beat the competition to the best talent.

A job description informs the reader about a job, whereas a job advert’s main objective is to sell the job opportunity to attract as many suitable applicants possible. A job advert maybe the first touch-point a candidate has with your company so it is important to create a great impression.

Job Advertisements should enticing, so considering using short, exciting language which get the reader’s attention.

How to write a Fraud Investigator Job Description

To write a job description, we recommend starting with a job description template from our job description library, which contains examples for 800+ positions and professions. Our job description examples include a job summary with duties and responsibilities and skills and requirements, which can be personalised for your job vacancy.

Job Description Advice - Guidance on How to Personalise a Fraud Investigator Job Specification

The hiring process and recruiting new employees to fill your key roles requires a degree of personalisation if you are to attract the best employees in a competitive employment market. The right person for a crucial role or more senior roles will likely have other employers targeting them. As your job description will be the first point of contact, you need to nail your pitch and provide the best possible service.

Job Description Tips - Help on formatting a Fraud Investigator Job Specification

When creating your bespoke description and advert, you should cover and promote these points:

Job title: This should accurately reflect the role and include keywords that top talent might be using to search for jobs.

Job duties: The day to day duties, such as administrative tasks, which vary depending on the company and inform the candidate if they can complete the role.

Technical skills: These are the hard skills required through training, such as proficiency with Microsoft Office.

Soft skills: These include the interpersonal skills and general abilities the right candidates will possess. For example, the competency to prioritise multiple tasks, handle customer queries and customer complaints, work alone, or build a good relationship with coworkers.

The company's culture: Highlighting your company culture and values ensures employees thrive and find outstanding job satisfaction. Candidates that are not the right fit won’t waste their time completing the application process, meaning you can focus on qualified individuals and hire in a more timely manner.

Career progression: Including the career path will entice candidates looking for career growth. 

Training and development programs: Smaller companies may need employees with previous experience or provide educational assistance over internal training offered by larger organisations with more significant resources. 

Employee benefits: Compensation and benefits often fail to appear in job ads and while you may want to hold your cards close to your chest, failing to include them is a mistake. Consider answering common questions, such as working hours and paid leave. Researching the average salary for the role in these early stages will ensure you don’t waste your interviewer’s and the candidate’s time.

Skill gaps: Your company may need to bring in new skills beyond those required to complete the key role and duties. Thinking on an organisational level can be beneficial when contemplating skills diversity.

Legal requirements: Ensure your job advert and description does not ask for inappropriate or discriminatory personal details, such as age, marital status, or religion.

How to Hire a Fraud Investigator

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