How to Become a Fraud Detection Supervisor
Step 1: Understand the job description and responsibilities of a Fraud Detection Supervisor
What does a Fraud Detection Supervisor do?
A Fraud Detection Supervisor supervises fraud detection associates in their effort to detect possible customer fraud. Leads cross-functional initiatives to proactively detect and prevent fraud from occurring. Being a Fraud Detection Supervisor researches, documents, and implements best practices in the industry with regard to fraud detection. Leads the most challenging and complex fraud investigations. Additionally, Fraud Detection Supervisor requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Fraud Detection Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Thorough knowledge of department processes. To be a Fraud Detection Supervisor typically requires 3-5 years experience in the related area as an individual contributor.
They are the ones responsible for supervising the plans and activities, implemented by the entire associates’ team, to be able to determine possibilities of fraud activities.
They are leaders or people behind all the initiatives, to prevent those fraud activities quickly.
They are preparing all the needed documents, researches and data that are evidence, which can bring great impact to refrain the presence of this fraud.
The basic function of this position is to supervise the operation of the Fraud Detection Work Center staff, ensuring that excellent customer service and efficient fraud detection is delivered to credit and debit cardholders.
Review electronic cases produced by the Falcon Fraud Detection System.
Step 2: Learn best tips to become a Fraud Detection Supervisor
Best tips for those who want to become a Fraud Detection Supervisor
Here are some tips to become a Fraud Detection Supervisor.
Step 3: View best colleges and universities for Fraud Detection Supervisor
Best colleges and universities for Fraud Detection Supervisor
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Fraud Detection Supervisor
Is being a Fraud Detection Supervisor Worth it?
Experience in working with fraud principles and loss mitigation processes, fraud detection methodology and related systems.
Advanced knowledge of regulatory and industry standards impacting financial products including fraud detection, analytics, trends, and programs.
Technical understanding and keen interest in how fraud works within digital technologies, different methods of fraud and familiarity with current fraud….
The Fraud Prevention Manager will be responsible for identifying, monitoring, reporting and mitigating fraud risks for the global CCB business.
Familiarity with security equipment such as intrusion detection devices, access control systems, and CCTVs.
Step 5: Prepare relevant skills for being a Fraud Detection Supervisor
What skills do you need to be a Fraud Detection Supervisor?
Due to the management level associted with this job, many skills are required to being successful and ensuring the success of your team. It is necessary to be able to excel with: Anomaly Detection Processes, Fraud Analytics, Transaction Analysis. For management positions, some skills may come as a no brainer, for this role those would be: Banking Software. As you can tell, it is no easy feat to be a manager, and the skills required reflect that.
They are the ones responsible for supervising the plans and activities, implemented by the entire associates’ team, to be able to determine possibilities of fraud activities.
They are preparing all the needed documents, researches and data that are evidence, which can bring great impact to refrain the presence of this fraud.
Since this work involves you being a supervisor, you will need to have at least 5 years of experience, as your credential, in connection with work related to this area.
You should also be familiar with all the concepts and actions you are going to implement if you are going to solve a fraud incident.
They are expected to have creativity skills, in order for them to be able to solve all irregularities and incidents connected to any fraud activity.
Step 6: View average salary for Fraud Detection Supervisor
How much does a Fraud Detection Supervisor make?
The average salary range for a Fraud Detection Supervisor is from $57,678 to $72,466. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Fraud Detection Supervisor jobs
- Fraud Monitoring and Detection Supervisor
- Analyst, Experienced - Fraud Detection
- Intermediate Fraud Detection Associate
- Analyst, Senior - Fraud Detection
- Senior Fraud Detection Associate
- Analyst, Entry - Fraud Detection
- Entry Fraud Detection Associate
- Fraud Detection Associate I
- Fraud Detection Associate II
Step 7: Find relevant Fraud Detection Supervisor jobs, and apply.
Looking for Fraud Detection Supervisor jobs?
Here are some Fraud Detection Supervisor jobs in the United States.