Explore a Career in Financial Fraud Investigation with Training from Centennial College
With credit card scams becoming commonplace, bankcards being compromised, people trying to scam insurance companies, and more, financial crime prevention is one of the fastest growing areas of finance. The advancement of technology has seen financial crime evolve rapidly recently, which creates new risks that need to be addressed and a new field that organizations turn in cases of financial crimes. This exciting new field combines the business of money with investigation and is called Financial Fraud Investigation.
The professionals who work in this sector of the financial industry possess essential skills and knowledge in forensic accounting fraud investigation techniques. The eight-month Centennial College’s Financial Fraud Investigation program offers just what you need to find entry-level positions in the field of forensic accounting and audit investigations, within the public or private sectors. Designed for applicants who have completed a diploma or degree program but want to learn more about the field of financial fraud investigations, this program has some specific prerequisites. Applicants must submit an official transcript demonstrating proof of successful completion of a post-secondary diploma in business or accounting. They may also be required to attend an interview session and present a resume. English and/or math skills may also be tested. Applicants who present a combination of partial post-secondary education and relevant work experience will be considered.
After successfully entering the Financial Fraud Investigation program, you will be prepared for areas of fraud and economic loss quantification such as: investigating and analyzing financial evidence, testifying as a witness, becoming involved in criminal investigations and uncovering financial evidence in employee or insurance fraud cases, and investigating in the rapidly evolving area of computer fraud. Learning occurs through specialized courses such as Financial Crimes Investigation, Introduction to Intelligence Gathering, International Legal Elements, Forensic Accounting, Ethics and Fraud Criminology and more. Experts from the industry serve as faculty, ensuring that students are learning from firsthand experiences. The program content also prepares students for the Certified Fraud Examiner examination.
Once they graduate, students of the Financial Fraud Investigation program can find employment as: forensic accounting/ litigation consultants, tax auditors, gaming investigators, insurance investigators, bank investigators and internal auditors. The work of practicing professionals could mean the difference between perpetrators avoiding detection or being brought to justice. In many cases, whether or not the investigation is successful, depends on the professionals. Graduates of Centennial College can rest assured that they will have all the abilities needed to make a name for themselves in financial fraud investigations.
One interesting job in this field is that of a gaming investigator. This person observes casino operations for cheating or theft by employees or patrons. Most of the work is performed in observation rooms using audio and video equipment. These recordings can be used in criminal investigations. Gaming investigators also have the job of being stationed on a catwalk over one-way mirrors located on the casino floor or simply walking around the facility and observing activities. Another option is becoming an internal auditor who conducts risk assessment of assigned departments or functional areas, establishes risk-based audit programs, determines the scope of reviews, reviews the suitability of internal control designs, conducts audit testing of specified areas and identifies reportable issues and verbally communicates findings. Many of the other jobs in Financial Fraud Investigation have overlapping duties.