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Fraud Analyst

A Fraud Analyst monitors financial transactions to detect fraud, collecting evidence and preparing reports while ensuring compliance with regulations.

How do I become a fraud analyst

Get qualified to work as a fraud analyst with a course recognised across Australia. Speak to a training provider to learn more.

Common questions

In Australia, a full time Fraud Analyst generally earns $2,150 per week ($111,800 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.

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Employment numbers in this industry have remained stable over the last five years. There are currently 51,400 people working in this field in Australia and many of them specialise as a Fraud Analyst. Fraud Analysts may find work across all regions of Australia, particularly larger towns and cities.

Source: Australian Government Labour Market Insights

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If a career as a Fraud Analyst interests you, consider enrolling in a Certificate IV in Procurement and Contracting. This course covers topics such as strategic procurements, risk management and contract management. You could also advance your studies with a Diploma or Advanced Diploma of Procurement and Contracting.

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Further reading

What is the Role of a Business Analyst?

14th October 2022

Choosing a security licence course in Australia: A step-by-step guide for jobseekers

10th November 2023

What can you do with a Diploma of Accounting?

29th September 2021

Fraud Analyst careers

A Fraud Analyst detects fraudulent financial activity in bank accounts and transactions. You’ll monitor bank activity and be aware of anything that may be suspicious. You might collect evidence of fraud and take relevant action. Fraud Analysts often work for banks or other financial institutions, but you may also be employed by a private investigative company.

Fraud Analysts need to be good with numbers and have excellent attention to detail. You’ll need to be able to follow procedures correctly and understand banking systems and legislation. It’s important that you can perform a detailed analysis and prepare reports on your findings.