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Fraud Analyst Jobs in Magna, UT (NOW HIRING)

Brex

Fraud Operations Associate

Salt Lake City, UT · Hybrid

$76K - $96K/yr

Ability to take ownership of Fraud Incident handling and be able to conduct the root cause analysis & close inefficiency gaps Project & Roadmap Ownership * Ability to own & ship projects that are on ...

Brex

Fraud Operations Associate

Salt Lake City, UT · On-site

$76K - $96K/yr

We own credit, fraud, money movement, and payments, protecting our customers and our company. From ... Excellent interpersonal, analytical, and problem-solving skills with the ability to manage ...

Morgan Stanley

Fraud Alerting Associate

Sandy, UT · On-site

Fraud Operations, under the Cyber Data Risk & Resilience Division, plays a key role in supporting ... Data analytic skill is a plus. * Ability to work under pressure in handling time critical payment ...

Morgan Stanley

Fraud Alerting Associate

Sandy, UT · On-site

Fraud Operations, under the Cyber Data Risk & Resilience Division, plays a key role in supporting ... Data analytic skill is a plus. * Ability to work under pressure in handling time critical payment ...

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Fraud Analyst information

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How much do fraud analyst jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for fraud analyst in Magna, UT is $29.94, according to ZipRecruiter salary data. Most workers in this role earn between $20.62 and $33.08 per hour, depending on experience, location, and employer.

What does a fraud analyst do?

As a fraud analyst, your responsibilities are to monitor bank accounts, financial transactions, accounting paperwork, and other financial documents and analyze the data to identify any potential fraudulent activity. Fraud analysts work in several fields, including insurance, municipal, state, and federal law enforcement, finance, and banking, and your duties differ depending on the type of institution or agency for which you work. However, your tasks generally include using sophisticated software to pick up on patterns of behavior by a financial institution, business, or individual.

What does a fraud analyst do?

A Fraud Analyst is responsible for detecting, investigating, and preventing fraudulent activities within an organization, typically in the banking, finance, or retail sectors. They analyze transactions, monitor accounts for suspicious behavior, and use specialized software to identify patterns that may indicate fraud. Fraud Analysts work closely with other departments and law enforcement agencies to resolve cases and help develop strategies to minimize future risks.

What are the key skills and qualifications needed to thrive as a fraud analyst, and why are they important?

To thrive as a Fraud Analyst, you need strong analytical skills, attention to detail, and a background in finance, accounting, or a related field, often supported by a bachelor's degree. Familiarity with fraud detection software, data analysis tools like SQL or Excel, and relevant certifications such as CFE (Certified Fraud Examiner) are commonly required. Strong problem-solving, critical thinking, and effective communication skills help Fraud Analysts investigate suspicious activities and collaborate with other departments. These skills and qualifications are essential for accurately identifying fraudulent behavior, minimizing financial losses, and upholding organizational integrity.

What are some typical challenges faced by fraud analysts, and how can they be addressed?

Fraud Analysts often deal with the challenge of distinguishing between legitimate and suspicious activities in large volumes of data, which requires keen attention to detail and strong analytical skills. Another common challenge is keeping up with evolving fraud tactics and technologies. To overcome these, analysts regularly participate in ongoing training, leverage advanced detection tools, and collaborate closely with IT and compliance teams. Open communication and knowledge sharing within the team also play key roles in staying ahead of potential threats.

What is the difference between Fraud Analyst vs Compliance Analyst?

AspectFraud AnalystCompliance Analyst
Required CredentialsCertifications like CFE, ACFE, or fraud-specific trainingCertifications such as CRCM, CAMS, or compliance-specific courses
Work EnvironmentFinancial institutions, e-commerce, insurance companiesBanking, finance, healthcare, and regulatory agencies
Employer & Industry UsageFocus on detecting and preventing fraud activitiesFocus on ensuring adherence to laws and regulations

While both Fraud Analysts and Compliance Analysts work within financial and regulated industries, Fraud Analysts primarily focus on identifying and preventing fraudulent activities, whereas Compliance Analysts ensure organizations follow legal and regulatory standards. Both roles require similar certifications and often operate in overlapping environments, but their core responsibilities differ significantly.

How much do fraud analysts get paid?

Fraud analysts typically earn a median annual salary between $50,000 and $70,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries, especially in financial services or technology sectors.

Is fraud analysis a good career?

Fraud analysis is a growing field that involves detecting and preventing financial crimes using data analysis and investigative skills. It offers opportunities for advancement, requires attention to detail, and often involves working with specialized software and industry regulations. Many professionals find it a stable and rewarding career path in finance and security sectors.

What qualifications do you need to be a fraud analyst?

A fraud analyst typically needs a bachelor's degree in finance, accounting, or a related field. Strong analytical skills, attention to detail, and experience with data analysis tools or fraud detection software are important. Certifications such as Certified Fraud Examiner (CFE) can enhance job prospects.
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What cities near Magna, UT are hiring for Fraud Analyst jobs?

Cities near Magna, UT with the most Fraud Analyst job openings:

Fraud Analyst jobs near you
Infographic showing various Fraud Analyst job openings in Magna, UT as of August 2026, with employment types broken down into 100% Full Time. Highlights an 80% In-person, and 20% Hybrid job distribution, with an average salary of $62,273 per year, or $29.9 per hour.

Senior Fraud Analyst - Remote

UnitedHealth Group

Draper, UT • Hybrid

$72K - $130K/yr

Full-time

Retirement

Re-posted 6 days ago

UnitedHealth Group rating

7.6

Company rating: 7.6 out of 10

Based on 146 frontline employees who took The Breakroom Quiz

192nd of 898 rated healthcare providers

Job description

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together.
The Senior Fraud Analyst is a member of the Bank Fraud team and acts as a subject matter expert to other departments within the Bank and the Company. The Senior Fraud Analyst will be responsible for reviewing and investigating potential cases of financial fraud on both bank accounts and debit cards. They will also be responsible for performing in-depth data analysis to look for data trends, and patterns. The Senior Fraud Analyst is expected to have a deep understanding of fraud and be able to represent the team as a subject matter expert.
You'll enjoy the flexibility to work remotely* from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.
Primary Responsibilities:
  • Perform in-depth analysis research within banking systems to investigate customer and transactional activity for fraudulent and high-risk activity
  • Analyze data for trends and recommend strategies to reduce risk and fraud
  • Represent the Fraud Team on new products, projects and programs to help ensure fraud risks and controls are considered throughout implementation
  • Take necessary action, when fraud is identified, to prevent additional fraud and work fraud case, per procedure
  • Assist in and proactively contribute to the development of fraud detection tactical and strategic planning
  • Partner and collaborate with Operations, Compliance, and IT teams to resolve issues and investigate fraud cases
  • Serve as a liaison with Information Technology in the development, enhancement, and ongoing maintenance of risk management systems
  • Provide training, guidance and education to other team members and other teams on risk and fraud best practices
  • Communicate with customers who are victims of fraud, answering their questions and helping them to secure their account
  • Communicate significant issues to management; make recommendations when weaknesses are identified
  • Balance priorities to meet multiple deadlines

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.
Required Qualifications:
  • 4+ years of experience in banking or financial services industry
  • 4+ years of experience in payment fraud investigations, and online fraud investigation, or financial crime risk management
  • 2+ years of experience in data analytics, statistical analytics and data mining
  • 2+ years of experience with SQL
  • 2+ years of experience with payment card operations, disputes, chargeback or fraud analysis
  • Proficient Excel experience (e.g., filter, sort, V-lookup, pivot tables, etc.)
  • Experience with verbal, written and interpersonal skills and ability to work independently
  • Demonstrated ability to work effectively, both independently and within a collaborative team and take ownership of assigned projects and duties

Preferred Qualifications:
  • Bachelor's Degree Finance, Accounting, Information Technology from an accredited institution
  • Database software query experience (i.e., SQL, VBA, Access, etc.)
  • Experience in healthcare payments, particularly healthcare payments fraud
  • Experience in Anti-Money Laundering investigation and Bank Secrecy Act requirements and controls
  • People leadership experience
  • Ability to work in a hybrid work arrangement in MN or UT

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from$72,800 - $130,000 annually based on full-time employment. We comply with all minimum wage laws as applicable.
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.
UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.

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