How much does a Fraud Prevention Manager make in New Jersey? The average Fraud Prevention Manager salary in New Jersey is $109,625 as of February 26, 2024, but the range typically falls between $100,738 and $128,452. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Fraud Prevention Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Fraud Prevention Manager Salary $92,648 NJ February 26, 2024
25th Percentile Fraud Prevention Manager Salary $100,738 NJ February 26, 2024
50th Percentile Fraud Prevention Manager Salary $109,625 NJ February 26, 2024
75th Percentile Fraud Prevention Manager Salary $128,452 NJ February 26, 2024
90th Percentile Fraud Prevention Manager Salary $145,593 NJ February 26, 2024
25% $100,738 10% $92,648 90% $145,593 75% $128,452 $109,625 50%(Median) Didn’t find job title? Click
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Check out Fraud Prevention Manager jobs in New Jersey

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What skills does a Fraud Prevention Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Data Analysis: Data analysis is a process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science, and social science domains. In today's business world, data analysis plays a role in making decisions more scientific and helping businesses operate more effectively. Data mining is a particular data analysis technique that focuses on modeling and knowledge discovery for predictive rather than purely descriptive purposes, while business intelligence covers data analysis that relies heavily on aggregation, focusing mainly on business information. In statistical applications, data analysis can be divided into descriptive statistics, exploratory data analysis (EDA), and confirmatory data analysis (CDA). EDA focuses on discovering new features in the data while CDA focuses on confirming or falsifying existing hypotheses. Predictive analytics focuses on application of statistical models for predictive forecasting or classification, while text analytics applies statistical, linguistic, and structural techniques to extract and classify information from textual sources, a species of unstructured data. All of the above are varieties of data analysis.

3.

Commercial Banking: Is a profit oriented banking by providing loans to customers and charging interest. The bank’s funds come from money deposited by the bank customers in saving accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Leadership 0.03%
Data Analysis 0.01%
Commercial Banking 0.01%
Others 99.95%

Job Description for Fraud Prevention Manager

Fraud Prevention Manager manages a team of analysts responsible for the detection, prevention, and mitigation of fraudulent transactions. Develops cross-functional initiatives to proactively detect and prevent fraud from occurring. Being a Fraud Prevention Manager approves and implements recommendations for process and procedure improvements. Reviews and implements best practices in the fraud prevention industry. Additionally, Fraud Prevention Manager ensures compliance with all relevant anti-fraud regulations and standards. Creates reports outlining trends, risks, and mitigation strategies. Requires a bachelor's degree. Typically reports to a director. The Fraud Prevention Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Fraud Prevention Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Fraud Prevention Manager in New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $112,722 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $114,713 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $114,813 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $112,582 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $117,003 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $112,722 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $111,119 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $111,726 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $114,813 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $112,722 Date Updated February 26, 2024

Career Path for Fraud Prevention Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Fraud Prevention Manager, the first career path typically progresses to Fraud Prevention Senior Manager.

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Fraud Prevention Manager Salary in New Jersey
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