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Fraud Analyst

Catch the people who try to steal from banks and bank customers

💡 Why it matters: Online payments mean more scammers trying to trick customers and banks. Fraud analysts look for suspicious activity and stop it fast to protect people's money.

💰 What it can pay

🇳🇬 Nigeria

Starting out
₦2M – ₦5M
Mid-career
₦6M – ₦14M
Senior
₦14M – ₦30M

≈ ₦500k – ₦1.2M a month mid-career. Indicative estimate by Incusim.

🇬🇧 United Kingdom

£38k – £60k

Indicative mid-career range (our estimate, not yet checked against an official source). Incusim estimate

🇺🇸 United States

$78k typical
Range $48.9k – $117k

Closest US category: Claims adjusters, appraisers, examiners, and investigators (includes fraud investigators). Median pay; low and high are the 10th and 90th percentiles. US Bureau of Labor Statistics, May 2025

🇨🇦 Canada

CA$62k – CA$95k

Indicative mid-career range (our estimate, not yet checked against an official source). Incusim estimate

Yearly pay before tax. UK, US and Canada figures come from the official sources named on each card. Nigeria has no official salary survey, so those are our indicative estimates. Real pay depends on the employer, the place, your skills and experience.

🛠️ What you actually do

⚡ Skills you'll need

Get ready at school

🇳🇬 Nigeria

Subjects to be good at
MathematicsEconomicsEnglish LanguageComputer StudiesGovernment
Qualifications
Degree in Banking and Finance, Accounting, Computer Science or Criminology and Security Studies
Other ways in
  • Fraud examiner certification (CFE) after some experience
  • Start in a bank operations or customer service team

🇬🇧 United Kingdom

Subjects to be good at
Maths (GCSE)English (GCSE)IT or Computer ScienceBusiness Studies or Economics (A-level)
Qualifications
Degree in finance, accountancy, criminology or IT (apply through UCAS)CFE (Certified Fraud Examiner) after some experience
Other ways in
  • Start in a bank's customer service or operations team
  • Level 4 Data Analyst or Compliance/Risk Officer apprenticeships

🇺🇸 United States

Subjects to be good at
Algebra and statisticsComputer scienceEconomicsEnglishAP (Advanced Placement) Statistics
Qualifications
Bachelor's degree in finance, accounting, criminal justice or ITCFE (Certified Fraud Examiner) certification
Other ways in
  • Start in bank customer service or operations
  • Learn Excel and SQL on the job or through courses

🇨🇦 Canada

Subjects to be good at
Grade 12 Math (prerequisites vary by province)Computer Science or ITBusiness or EconomicsEnglish
Qualifications
University degree or college diploma in business, finance, criminology or ITCFE (Certified Fraud Examiner) certification
Other ways in
  • Start in bank or credit union operations or customer service
  • Learn Excel and SQL on the job or through courses

🗺️ Your path to this career

  1. 1Study Maths and Economics in school
  2. 2Take a finance, accounting or IT-related degree
  3. 3Join a bank or fintech as an analyst
  4. 4Learn data tools like Excel and SQL
  5. 5Lead a fraud or financial crime team

⏰ A day in the life

You see an alert that a customer's account sent money to five new accounts in ten minutes. You freeze the payment, call the customer to check and add the scam pattern to your watch list.

🔗 Related careers

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