How To Become A Senior Fraud Analyst: What It Is and Career Path

What is a senior fraud analyst and how to become one

Updated January 8, 2025

4 min read

If you're interested in preventing modern crime, a Senior Fraud Analyst could be the last position you think of; however, they're the virtual bodyguards of software, keeping thieves out of your accounts. With the responsibility of detecting and preventing suspicious accounts and fraudulent activity, Senior Fraud Analysts are the head of the teams that keep your assets safe.

While monitoring transactions for suspicious activities, Senior Fraud Analysts will also collect and assess data, reviewing documents, and establishing guidelines for the fraud team to meet. This is to make sure the group has a proper checks-and-balances system to guarantee the success and safety of the accounts they're monitoring. Senior Fraud Analysts need to have quality math and problem-solving skills when tackling fraudulent issues, along with great leadership and communications skills.

This is typically a full-time position that could potentially reach eight- to ten-hour days, depending on the events and deadlines of the week. Many companies will require at least a bachelor's degree in finance, accounting, or a similar field, as well as several years of experience in fraudulent claims or account management positions. While a Senior Fraud Analyst makes about $88,000 per year, on average, the salary can range from $71,000 to $109,000.

ScoreSenior Fraud AnalystUS Average

Salary

7.1

Avg. Salary $91,428

Avg. Salary $59,228

Stability level

6.0

Growth rate 3%

Growth rate 0.3%

Diversity

5.7

Race

American Indian and Alaska Native 0.27%

Asian 10.02%

Black or African American 8.19%

Hispanic or Latino 9.81%

Unknown 2.68%

White 69.03%

Gender

female 56.49%

male 43.51%

Age - 38

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 38

Stress level

6.0

Stress level is manageable

7.1 - high

Complexity level

8.0

Complexity level is challenging

7 - challenging

Work life balance

6.4

Work life balance is fair

6.4 - fair

Key steps to become a senior fraud analyst

Explore senior fraud analyst education requirements

Most common senior fraud analyst degrees

Bachelor's

56.9 %

Associate

20.8 %

Master's

11.4 %

Start to develop specific senior fraud analyst skills

Skills	Percentages
SQL	11.69%
Fraud Risk	7.62%
Fraud Prevention	6.57%
Strong Analytical	6.22%
Fraud Losses	5.05%

Complete relevant senior fraud analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New senior fraud analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior fraud analyst based on U.S. Bureau of Labor Statistics data and data from real senior fraud analyst resumes.

Research senior fraud analyst duties and responsibilities

Manage reporting, investigating identity thefts, identifying account take over and AML, conducting compliance audits and account closures as needed
Assist domestic and international teams with SQL queries, bug resolutions and foreign language support.
Follow OFAC procedures and regulations on application that trigger a match on the SDN list.
Conduct internal and external evaluations with information and corporate security via SQL queries.

Get senior fraud analyst experience

Generally, it takes 1-2 years to become a senior fraud analyst. The most common roles before becoming a senior fraud analyst include fraud analyst, customer service representative team lead and cashier.

Prepare your senior fraud analyst resume

When your background is strong enough, you can start writing your senior fraud analyst resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a senior fraud analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable senior fraud analyst resume templates

Build a professional senior fraud analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your senior fraud analyst resume.