How to hire a fraud analyst

How to hire a fraud analyst, step by step

Here's a step-by-step fraud analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a fraud analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new fraud analyst
• Step 8: Go through the hiring process checklist

What does a fraud analyst do?

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1. Identify your hiring needs

   Before you post your fraud analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a fraud analyst for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them a fraud analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a fraud analyst that fits the bill.

   Here's a comparison of fraud analyst salaries for various roles:

   Type of Fraud Analyst	Description	Hourly rate
   Fraud Analyst		$14-44
   Fraud Investigator	A fraud investigator specializes in investigating and identifying fraudulent activities within a company and its clients. Their responsibilities depend on their line of work or industry of employment... Show more	$15-35
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • Fraud Prevention
   • SQL
   • Outbound Calls
   • Fraudulent Transactions
   • Law Enforcement
   • Management System
   • Strong Analytical
   • Customer Accounts
   • Fraud Losses
   • AML
   • Debit Cards
   • Fraud Investigations
   • Inbound Calls

   Check all skills

   Responsibilities:

   • Accomplish investigations that meet the criteria for referrals to the OIG and/or the FBI.
   • Lead the requirement gathering effort from key customers for development of new JAVA applications and for troubleshooting customer issues.
   • Review, research, investigate, negotiate, adjust payments, and resolve appeals and grievances for Medicaid and Medicare claims.
   • Perform fundamental SQL database queries to accurately update financial fraud trends monthly analysis report.
   • Produce SARs as required by FinCEN.
   • Interact with various departments to research securities present on UBSPW.com.

   More fraud analyst duties

3. Make a budget

   Including a salary range in the fraud analyst job description is a good way to get more applicants. A fraud analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for a fraud analyst in Missouri may be lower than in Rhode Island, and an entry-level engineer typically earns less than a senior-level fraud analyst. Additionally, a fraud analyst with lots of experience in the field may command a higher salary as a result.

   Average fraud analyst salary

   $53,187yearly

   $25.57 hourly rate

   ---

   Entry-level fraud analyst salary

   $30,000 yearly salary

   Updated December 16, 2025

   Average fraud analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$120,093	$58
   2	New York	$111,525	$54
   3	Delaware	$101,734	$49
   4	Pennsylvania	$97,170	$47
   5	Massachusetts	$95,161	$46
   6	District of Columbia	$93,962	$45
   7	New Hampshire	$93,815	$45
   8	Alaska	$93,039	$45
   9	Nevada	$92,664	$45
   10	Connecticut	$92,218	$44
   11	Oregon	$89,633	$43
   12	Maryland	$78,058	$38
   13	Ohio	$74,327	$36
   14	Utah	$71,213	$34
   15	Illinois	$64,207	$31
   16	Michigan	$61,395	$30
   17	Indiana	$55,862	$27
   18	North Carolina	$54,507	$26
   19	Arizona	$51,287	$25
   20	Kentucky	$48,454	$23

   Average fraud analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Aspiration	$120,196	$57.79
   2	PayPal	$105,413	$50.68	1
   3	Barclays	$104,162	$50.08
   4	Square	$100,232	$48.19
   5	eBay	$97,474	$46.86
   6	BMO Capital Markets	$96,293	$46.29	4
   7	Sentinel Benefits	$93,340	$44.88
   8	Amazon	$93,053	$44.74	2
   9	Trustco Bank	$88,132	$42.37
   10	LendingClub	$87,670	$42.15	2
   11	Fifth Third Bank	$87,021	$41.84	6
   12	Tesla	$86,023	$41.36
   13	Interactive Brokers	$83,379	$40.09
   14	City National Bank	$79,665	$38.30	4
   15	Tufts Health Plan	$79,009	$37.99
   16	American Express	$78,459	$37.72	1
   17	Visa	$77,654	$37.33	6
   18	MarkMonitor	$76,266	$36.67
   19	Bank of the Ozarks	$76,183	$36.63	12
   20	Highmark	$75,258	$36.18	41

4. Writing a fraud analyst job description

   A job description for a fraud analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a fraud analyst job description:

   Fraud analyst job description example

   A cutting-edge marketing and consumer insights platform, Prodege has charted a course of innovation in the evolving technology landscape by helping leading brands, marketers, and agencies uncover the answers to their business questions, acquire new customers, increase revenue, and drive brand loyalty & product adoption. Bolstered by a major investment by Great Hill Partners in Q4 2021 and the strategic acquisition of Pollfish, a modern, mobile-first survey platform, Prodege looks forward to more growth and innovation to empower our partners to gather meaningful, rich insights and better market to their target audiences.
   
   As an organization, we go the extra mile to “Create Rewarding Moments” every day for our partners, consumers, and team. Come join us today!
   We are currently seeking an Online Fraud Analyst to join our team. This role will play a pivotal role in ensuring the integrity of our user base by analyzing and reporting user information and activity across a wide variety of compliance policy protocols, including, but not limited to, fraudulent activity on our site. Additionally, the Online Fraud Analyst will also: Review large amounts of data and numbers to find patterns and to detect anomalies
   • Communicate by email in a professional and courteous manner
   • Think creatively and assist in developing new fraud detection and prevention practices
   • Utilize strong analytical skills and attention to detail when reviewing large data sets Skills and experience required:
   · Proven analysis and problem solving skills
   · Strong written and verbal communication
   · Ability to make decisions with sound judgment
   · Exceptional attention to detail
   · Ability to multitask and prioritize and manage time efficiently
   · Proficient with Microsoft Office, Excel, Word, Outlook, Google Docs, Calendar experience required
   · Understanding of Technical Language/Knowledge
   · MySQL or Snowflake skills is a plus
   · Zendesk or other CRM platform is a plus
   
   This is a hybrid position at the moment requiring candidates to be able to work out of our office in El Segundo, CA.

   Copy this example

   

5. Post your job

   To find fraud analysts for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any fraud analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level fraud analysts with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your fraud analyst job on Zippia to find and recruit fraud analyst candidates who meet your exact specifications.
   • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with fraud analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new fraud analyst

   Once you've decided on a perfect fraud analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a fraud analyst?