Search
Fight Financial Fraud

Fight Financial Fraud

Do you secretly wish you could land a job as a superhero fighting for truth, justice and the American way? Would you settle for doing the same job for a bank? Perhaps you should look into becoming a financial fraud investigator.

Consumer finance companies of all types -- credit card issuers, mortgage bankers and insurance companies, to name a few -- are constantly guarding against such financial fraud as identity theft, property flips and injury fakers. They hire professionals to protect them against crooks and catch those who successfully charge their corporate gates.

Background Check

"These people may not even have college degrees," says Dave Owen, vice president of intelligence for iDEFENSE, a Fairfax, Virginia, firm that provides intelligence support to international companies and governments worried about everything from teenage hackers to sophisticated organized crime operations. The company's financial intelligence experts are typically either technology gurus or streetwise investigators with law enforcement or military backgrounds. Whatever their education or background, explains Owen, they have learned about security measures, like firewalls, and specialize in the financial field.

Technical people with information technology expertise do security engineering or forensic analysis -- in English, that means setting up defenses against criminals or chasing after them in cyberspace. Several colleges now offer classes or degrees in forensic computing, but some technical investigators gain understanding of the field by working their way through corporate systems and earning certifications along the way.

Owen also hires people with investigative backgrounds, including former military service personnel who, after retiring, add degrees in computer science or certifications to their resumes and then provide systems or investigative support.

Former FBI agents also jump easily into the private sector, where they can expect a 30 percent to 100 percent pay raise from the $50,000 to $90,000 they earned working for Uncle Sam, Owen says. "If they're very technically adept, they can easily get into the $120s and $140s, and if they're in senior management, the sky's the limit, depending on the organization's size," he says.

Entry-Level Crime Fighters

What's out there for you if you're a recent college graduate? Insurance investigators regularly post entry-level job openings. Take one of these positions, and you'll earn $30,000 to $40,000 a year doing video surveillance, background checks and local investigations.

Accountants with Guns

If you're currently in the finance arena, and you meet the 35-or-under age requirement, you can also break into the fraud field by signing on with the financial area of a law enforcement agency, such as the FBI. After all, the FBI needs accountants as much as it needs undercover drug agents. The agency even has its own accounting test for those who haven't passed the CPA exam. The FBI also hires financial analysts, paying them $45,000 to $58,000, depending upon experience.

"You may find you like law enforcement and want to stay," says Lynn Wilburn, president of Houston-based Wilburn Investigations. But if you decide you'd like to move out of the Bureau, you'll be well equipped for work in the private sector.

The Corporate Route

If you're too old to go into law enforcement, you can work your way into quality control, a modified version of fraud investigation. Like other investigation companies, Wilburn hires quality-control staff to assist lenders with mortgage and loan applications. He notes that this is a great area to develop an investigator's nose for fraud.

As Wilburn and other experts point out, the key attributes for any good fraud investigator are hardly computer science degrees or CPA designations. If you're considering entering the field, it's most important that, like any crime-fighting superhero, you have a nose for sniffing out trouble and an instinct for detecting corruption.

Latest Jobs

CyberCoders
Posted: 09/18/2014
Torrance, CA, 90501
Kforce Inc
Posted: 09/18/2014
Chandler, AZ, 85286
Kforce Inc
Posted: 09/18/2014
Dallas, TX, 75202
Sweet Financial Group
Posted: 09/18/2014
Greenville, TX, 75401
Helen Ross McNabb
Posted: 09/18/2014
Morristown, TN, 37814

Want more personalized results?  Update Your Profile

 
 
 

Monster Communities

Teaching Community
Where teachers meet and learn.
ArtBistro
Create and connect.
Excelle
Networking for the career-minded woman.
Nursing Link
Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships
Scholarships, financial aid and more ways to pay for school.
Education.org
Find top campus and online degree programs.
Military.com
Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid
Scholarships & financial aid.
Staffing for Government Jobs
Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You
If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.

Interviewing

100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

Alt text
November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

For Seekers

Campus and Online Degrees
Advance your career and earn more with an online degree.
Free Salary Wizard
What are you worth? Find out and negotiate a better salary.
Research Careers
Get information on jobs and career paths to help guide your choices
Questions & Answers
Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service
Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services
Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks
Explore our background check packages to improve the quality of your hires.
Hiring Home Page
Find the best candidates for your business with Monster hiring solutions.
Job Postings
Find the right solution for your hiring needs. Starting at $99.
Power Resume Search
Monster's new search technology precisely matches people with your jobs.
Resource Center
Find staffing insights, labor trends, HR best practices and more.
Target Post
Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter
Find jobs in your area and industry.
Monster Careers
Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR
Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service
Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers
Find advice on hiring.
Follow Us
Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Other Links

Monster Company Profiles
Explore companies and get information to guide your career decisions.
Compare Salaries
See how your pay stacks up to others in your field.
iPhone Application
Download the Monster app for iPhone and iPod touch.
Monster Job Seeker Blog
Monster Job Seeker Blog.
Monster Thinking Blog
Monster's Recruitment Trends Blog.
Jobs & Career Resources
Search Jobs:
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.4.55.59-210
eTrustLogo