How to Become a Fraud Prevention Associate

Step 1: Understand the job description and responsibilities of a Fraud Prevention Associate

What does a Fraud Prevention Associate do?

A Fraud Prevention Associate researches and analyzes potential customer fraud cases to identify and prevent future fraud. Reviews and responds to moderately complex fraudulent service requests and identifies fraudulent transactions using various research methods. Being a Fraud Prevention Associate follows standard procedures to document a loss and prepares a summary and reconciliation. Communicates the status and resolution of the incident to the customer and/or bank. Additionally, Fraud Prevention Associate identifies areas that need increased security procedures or software to protect customer accounts. May assist with training and guidance of new employees. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Fraud Prevention Associate works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Fraud Prevention Associate typically requires 3-5 years of related experience.

People's Opinions on Fraud Prevention Associate responsibilities

The Fraud Prevention Associate authenticates transactions and customers in real time using multiple data sources and complex data sets with a high degree of accuracy.

01/11/2020: Portsmouth, OH

Firmwide Operations includes Fraud Operations, Shared Services and Banking Operations (SSBO), Operations Risk and Control, Global Project Group and Metrics, Branch Operations, and Divisional Management.

01/12/2020: Sarasota, FL

Fraud Operations is a global organization responsible for assessing, mitigating, and preventing fraudulent activities across multiple product lines and services in order to protect the firm and its clients.

02/21/2020: Lafayette, LA

In an effort to protect our clients' assets, provide a safe and secure banking environment, and to minimize financial losses to the Firm from systematic security risk, the Fraud Operations Team is tasked with monitoring and analyzing client activities in order to detect and curtail fraud.

12/04/2019: Great Falls, MT

Fraud Prevention/Customer Service Representative who maintains a high level of professionalism, patience and efficiency to minimize customer dissatisfaction and increase customer loyalty.

02/09/2020: Amarillo, TX

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Step 2: Learn best tips to become a Fraud Prevention Associate

Best tips for those who want to become a Fraud Prevention Associate

Here are some tips to become a Fraud Prevention Associate.

Step 3: View best colleges and universities for Fraud Prevention Associate

Best colleges and universities for Fraud Prevention Associate

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 Prevention Associate

Is being a Fraud Prevention Associate Worth it?

Step 5: Prepare relevant skills for being a Fraud Prevention Associate

What skills do you need to be a Fraud Prevention Associate?

Supporting level roles often require a broad range of skills to ensure jobs can be executed accurately and efficiently. Some of the more relevant day-to-day skills for this role include: Fraud Detection and Prevention, Customer Notifications, Risk Identification Model. In this role, you should command of the following: Fraud Protection Software. Success in this function is highly dependant upon these skills, as well as others specific to each individual company.

People's Opinions on Fraud Prevention Associate skills

Understanding of electronic crimes relating to card fraud and theft of credentials.

01/18/2020: San Diego, CA

Acquire strong knowledge of the world of fraud including prevention technologies and techniques.

02/02/2020: Omaha, NE

1+ year banking and/or fraud prevention experience.

12/30/2019: Portland, OR

2-5 years of Fraud Prevention, Trust & Safety, or Banking experience.

11/27/2019: Stamford, CT

Experience in driving successful loss prevention, shortage control, safety/fire/accident reduction and fraud prevention programs.

02/20/2020: Atlantic City, NJ

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Step 6: View average salary for Fraud Prevention Associate

How much does a Fraud Prevention Associate make?

The average salary range for a Fraud Prevention Associate is from $46,471 to $61,561. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Fraud Prevention Associate

$46,471 to $61,561