How to hire a senior fraud analyst

How to hire a senior fraud analyst, step by step

Here's a step-by-step senior 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 senior fraud analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new senior fraud analyst
• Step 8: Go through the hiring process checklist

What does a senior fraud analyst do?

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1. Identify your hiring needs

   The senior fraud analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

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

   Yes

   No

   A senior fraud analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior fraud analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list shows salaries for various types of senior fraud analysts.

   Type of Senior Fraud Analyst	Description	Hourly rate
   Senior Fraud Analyst		$33-57
   Credit Representative	Credit representatives are professionals who analyze the credit data and the financial statements of firms or individuals for the determination of the risk in lending money or extending credit. The representatives are tasked to prepare reports with credit information used in decision making... Show more	$13-25
   Credit Officer	A credit officer is responsible for evaluating financial documents and account statements to determine the eligibility of an applicant for a loan option. Credit officers communicate with the applicant to discuss the loan process, explain the terms of service, and provide them alternative options that would fit their payment ability and loan needs... Show more	$40-94

   Show more

2. Create an ideal candidate profile

   Common skills:

   • SQL
   • Fraud Risk
   • Fraud Prevention
   • Strong Analytical
   • Fraud Losses
   • Outbound Calls
   • AML
   • Customer Accounts
   • Law Enforcement
   • Financial Institutions
   • Fraud Investigations
   • Customer Service
   • ACH
   • Inbound Calls

   Check all skills

   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.
   • Organize and maintain investigative files and document control of files and exhibits for investigations and litigation.
   • Maintain the credit team SharePoint site with the updated project flowcharts, business requirement documents, fictional specification documents and presentations.

   More senior fraud analyst duties

3. Make a budget

   Including a salary range in your senior fraud analyst job description is a great way to entice the best and brightest candidates. A senior fraud analyst salary can vary based on several factors:

   • Location. For example, senior fraud analysts' average salary in indiana is 52% less than in new york.
   • Seniority. Entry-level senior fraud analysts earn 43% less than senior-level senior fraud analysts.
   • Certifications. A senior fraud analyst with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a senior fraud analyst's salary.

   Average senior fraud analyst salary

   $91,428yearly

   $43.96 hourly rate

   ---

   Entry-level senior fraud analyst salary

   $69,000 yearly salary

   Updated January 19, 2026

   Average senior fraud analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$128,047	$62
   2	New York	$119,516	$57
   3	District of Columbia	$100,229	$48
   4	Massachusetts	$98,744	$47
   5	New Jersey	$96,579	$46
   6	Virginia	$93,649	$45
   7	North Carolina	$91,919	$44
   8	Delaware	$91,344	$44
   9	Ohio	$90,663	$44
   10	Pennsylvania	$89,624	$43
   11	Arizona	$79,953	$38
   12	Texas	$78,002	$38
   13	Florida	$77,542	$37
   14	Colorado	$76,323	$37
   15	Illinois	$74,325	$36
   16	Nebraska	$72,018	$35
   17	Georgia	$70,296	$34
   18	Arkansas	$64,416	$31

   Average senior fraud analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	SoFi	$110,466	$53.11	10
   2	MUFG EMEA	$103,585	$49.80
   3	Amazon	$99,912	$48.03	3
   4	BNP Paribas	$98,223	$47.22
   5	Citi	$96,257	$46.28	17
   6	Barclays	$95,732	$46.02	3
   7	Bank of the West	$94,744	$45.55
   8	Bill.com	$94,553	$45.46
   9	TD Bank	$94,423	$45.40	24
   10	Celanese	$93,108	$44.76
   11	Chubb	$91,604	$44.04	1
   12	Cybersource	$91,367	$43.93
   13	Walmart	$89,719	$43.13
   14	Flushing Bank	$89,479	$43.02
   15	Robinhood	$89,009	$42.79	3
   16	Fifth Third Bank	$87,897	$42.26	14
   17	U.S. Bank	$87,055	$41.85	65
   18	Bridgestone	$85,768	$41.23
   19	FanDuel	$85,322	$41.02	8
   20	Tala	$84,814	$40.78	1

4. Writing a senior fraud analyst job description

   A senior fraud analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a senior fraud analyst job description:

   Senior fraud analyst job description example

   Role Summary/Purpose:
   As a Senior Analyst you will have the opportunity to work on major business initiatives in Acquisition Fraud Strategy within Credit analytics team that contribute to Synchrony Financial's growth and productivity objectives. This role enables you to work directly with the business in catering to the end-to-end analytical needs. You will have the opportunity to work with cross-functional teams and leverage state of the art tools (viz., SAS, Model builder suite of products) and also expected to manage communication rhythm with stakeholders on a regular basis.
   
   Essential Responsibilities:
   Develop and support Best-in-class analytic solutions/algorithms as part of Acquisition Fraud Strategy team within the Credit analytics function Understand requirements and create reports based on ad hoc requests & streamline processes Create client requested performance summaries Run strategy change projections for impact analysis Deep dive pulls into specific clients or populations for in depth analysis, looking for opportunities for improvement Support tracking and reporting of champion/challenger strategy tests including preliminary analysis of the performance of the different strategies Perform other duties and/or special projects as assigned
   
   Qualifications/Requirements:
   Degree in following Majors - Mathematics/Statistics, Operations Research, Economics, Computer Science/Engineering or other quantitative majors1+ year hands on experience in SAS, SQL, Unix, ExcelStrong communication skills with the ability to prepare clear communication and confidently present meaningful analysis to senior and executive management level Experience in report automation using SAS, Unix, VBAStrong Team Player in cross-functional environment Strong written/oral communication skills For Internal Applicants: Understand the criteria or mandatory skills required for the role, before applying.Inform your Manager or HRM before applying for any role on Workday.Ensure that your Professional Profile is updated (fields such as Education, Prior experience, Other skills) and it is mandatory to upload your updated resume (Word or PDF format) Must not be any corrective action plan (First Formal/Final Formal, PIP) Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible Existing Level 5,6 & 7 are eligible to apply, will be considered for Level 8 if selected
   
   Desired Characteristics:
   Demonstrated experience analyzing business data with the ability to distill large amounts of information down to the critical areas of focus Clear thinker with an ability to think through processes Proven ability to successfully interact with all levels of an organization Working knowledge of credit bureaus Work experience in a US financial institution or bank Systems Implementation experience Knowledge of US, Canadian credit bureau data
   
   Grade/Level: 08
   
   Job Family Group:
   Risk Management

   Copy this example

   

5. Post your job

   There are a few common ways to find senior fraud analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your senior fraud analyst job on Zippia to find and recruit senior fraud analyst candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with senior 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 senior fraud analyst

   Once you've selected the best senior fraud analyst candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new senior fraud analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are 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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