What skills does a financial fraud examiner need?

A financial fraud examiner needs 14 essential skills including banking activities, financial statements, fraud detection, forensic intelligence, trace financial transactions. Core competencies include .

Will AI replace financial fraud examiner jobs?

The AI disruption score for financial fraud examiner is 82/100 (very high risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

Financial ServicesBusiness and administration professionalsISCO 2411

financial fraud examiner

Financial fraud examiners undertake anti-fraud investigations including financial statement irregularities, securities fraud and market abuse detection. They manage fraud risk assessments and prepare forensic reports including the analysis and verification of evidence. Financial fraud examiners liaise with regulatory bodies.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (14)

banking activitiesbanking activitiesThe broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, fo...financial statementsfinancial statementsThe set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five parts which are the statem...fraud detectionfraud detectionThe techniques used to identify fraudulous activities.forensic intelligenceforensic intelligenceThe procedures and methodology of gathering and analysing forensic intelligence and data for investigative purposes.trace financial transactionstrace financial transactionsObserve, track and analyse financial transactions made in companies or in banks. Determine the validity of the transaction and check for suspicious or high-risk transactions in order to avoid mismanag...perform forensic accountingperform forensic accountingPerform audits and evaluations of financial information, accounts, financial products, and stewardship of companies. Exert financial investigations with different emphasis such as insurance claims, fr...prepare financial auditing reportsprepare financial auditing reportsCompile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.interpret lawinterpret lawInterpret the law during the investigation of a case in order to know the correct procedures in handling the case, the specific status of the case and the parties involved, the possible outcomes, and ...interpret financial statementsinterpret financial statementsRead, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this informa...manage corporate bank accountsmanage corporate bank accountsHave an overview of the bank accounts of the company, their different purposes, and manage them accordingly while keeping an eye on their balance, interest rates, and charges.conduct financial auditsconduct financial auditsEvaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governabi...identify accounting errorsidentify accounting errorsTrace accounts, revise the accuracy of the records, and determine the faults in order to solve them.liaise with managersliaise with managersLiaise with managers of other departments ensuring effective service and communication, i.e. sales, planning, purchasing, trading, distribution and technical.detect financial crimedetect financial crimeExamine, investigate, and notice possible financial crimes such as money laundering or tax evasion observable in financial reports and accounts of companies.

Optional (12)

financial productsfinancial productsThe different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.international financial reporting standardsinternational financial reporting standardsThe set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.anti-dumping lawanti-dumping lawThe policies and regulations that govern the activity of charging a lower price for goods in a foreign market than one charges for the same goods in a domestic market.criminal lawcriminal lawThe legal rules, constitutions and regulations applicable for the punishment of offenders.international lawinternational lawThe binding rules and regulations in the relations between states and nations, and legal systems dealing with countries rather than private citizens.national generally accepted accounting principlesnational generally accepted accounting principlesThe accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.tax legislationtax legislationTax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.financial jurisdictionfinancial jurisdictionFinancial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction.public offeringpublic offeringThe elements comprised in public offerings of companies in the stock market such as determining the initial public offering (IPO), the type of security, and the timing to launch it in the market.prepare financial statementsprepare financial statementsCollect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting of five p...ensure compliance with accounting conventionsensure compliance with accounting conventionsExercise accounting management and abidance by generally accepted accounting conventions such as recording transactions at the current price, quantifying goods, separating personal accounts of manager...identify if a company is a going concernidentify if a company is a going concernAnalyse financial statements, financial information and the outlook of the company in order to determine the going concern of the company.