Together, Reducing Fraud Worldwide

  • Public-Sector Investigator

    There are countless agencies employing investigators at the federal, state and local levels. Positions range from local police detective to special agent of the Federal Bureau of Investigation. Investigators at the state and local levels investigate criminal cases, and usually specialize in one type of crime, such as white-collar crime or financial crime. Special Agents at the federal level conduct investigations for criminal violations of federal laws and regulations.

     
    Public-Sector Investigator 

    Benefits of the CFE Credential

    The CFE credential provides Public-Sector Investigators with the knowledge required to conduct investigations of civil or criminal fraud, or of white-collar crime. Earning the CFE credential gives you an understanding of why people commit fraud and ways to prevent it, the types of fraudulent financial transactions, and interviewing, records and transactions. Additionally, the CFE credential ensures Public-Sector Investigators are familiar with the many legal ramifications of conducting fraud examinations. This knowledge set will place you as a leading expert in the fraud investigation field.

    The ACFE’s global salary study found that CFEs who are Law Enforcement Officers earn a 36 percent income premium over their peers without the credential, which demonstrates the value employers place on the credential. The study also provides valuable information and comparisons helpful to all anti-fraud professionals in benchmarking their compensation levels and career growth. The training, fraud resources and continuing education provided by the ACFE will help in any stage of your career path. Refer to the Compensation section below for more information about the compensation ranges for Public-Sector Investigators.

    Job Types

    There are countless agencies employing investigators at the federal, state and local levels. Positions range from local police detective to special agent of the Federal Bureau of Investigation. Police Investigators typically start as a patrol officer before applying for detective. Applicants for special agent positions at the federal level, such as the FBI or ATF, must undergo extensive background investigations to receive security clearance. Additionally, competition for federal special agent positions is fierce, with acceptance rates around 5 percent.

     

    Public-Sector Investigators fall under many different titles, some of which include:

     

    State and Local Investigators 

    State and local police

    Police detective

    Crime scene investigator

    District attorney investigator

    Attorney general

    State bureau of investigation (SBI) (e.g., Texas Rangers)

     

    Federal Special Agent 

    Security and Exchange Commission (SEC)

    Homeland Security

    U.S. Immigration and Customs Enforcement (ICE)

    Transportation Security Administration (TSA)

    U.S. Customs and Border Protection (CBP)

    Department of Justice

    Federal Bureau of Investigation (FBI)

    Criminal Division

    Civil Division

    Central Intelligence Agency (CIA)

    Bureau of Alcohol Tobacco and Firearms (ATF)

    Drug Enforcement Administration (DEA)

    Back to Top 

     

    Education

    State and Local Investigators usually have a high school education; however, many agencies require a bachelor’s degree. Most agencies require state and local police to graduate from their training academy. For Federal Special Agents, a bachelor’s degree is usually required in any related field of study, including criminal justice, sociology, psychology, political science, finance and computer science. A degree can be substituted for three or more years of related experience in investigations or law enforcement.

    Knowledge, Skills and Abilities

    It is important to plan and conduct an honest self-assessment of your knowledge, skills and abilities. In particular, employers are looking for:

    Knowledge 

    White-collar crime

    Organized crime

    Financial crime

    Bribery and corruption

    Money laundering

    Counterfeiting

    Fraudulent documents

    Credit card fraud

     

    Skills 

    Writing reports

    Testifying in court

    Conduct surveillance

    Evidence collection

    Conduct interviews

    Record examination

    Computer

     

    Abilities 

    Attention to detail

    Ability to function in stressful situations

    Alert to surroundings

    Understands associated risks

    Honesty

    Sound judgment

    Integrity

    Responsibility

    Fairness

    Compassion

    Leadership

    Accountability

    Adaptability

    Back to Top 

     

    Compensation

    Below are compensation ranges for IRS Agents and Law Enforcement Officers taken from the 2013/2014 Compensation Guide for Anti-Fraud Professionals:

     

    Compensation Law Enforcement IRS 

     

    Compensation ranges for Federal Special Agents vary depending on education, experience and department or agency.

    Back to Top