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Hello everyone, I wanted to understand I have done BBA and after that MBA in banking as minor and have been working as Fraud investigations Advisor I want to advance in my career so which certification is good CAMS or CFE, the Investigations I am currently doing are system automated we just have to follow the SOP and take action on the account, can anyone guide me how to proceed further in my career path and which certification can help me to advance in my career. YOE 7 yearsEY Accenture
Looking to get a role with USAA , AML CIP Business Advisor Lead. I’m not sure if it’s difficulty with getting my resume noticed, but I’ve had some trouble getting a call back with USAA. I have a CAMS & CFE certification with well over 7 years experience. Any recruiters here willing to help push me through or refer me? Much appreciated ☺️
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1. Consulting firms dominate the forensics space, not PA firms. If you want to focus on PA firms specifically, it has been my impression that EY is the most active in the sector (just based on anecdotal observation. No hard data)
2. CFE is the easiest to obtain for the rubber stamp. CFF will teach you the most if you’re trying to learn the fundamentals of forensics but it’s not valued any higher than other certifications so only worth it if you’re using it to learn the material. CAMS is specialized toward anti money laundering and I wouldn’t do it unless your job is asking you to because it’s really not useful in the other 90% of forensics work
Depends on office - more than 130.
To your 2nd question: CFE for forensic accounting engagements, CAMS for AML work. That said, CAMS does help if you are trying to get onto any regulatory engagements since it is more geared toward that space, whereas CFE is more typology-heavy.
I would add CFF is the gold star but it’s so much work that no one really has it unless you were grandfathered into the program when it started
Following for #1
For #2, CFE is much easier to get (I'm studying for it now) than the CFF. From my experience, there isn't much preference either way, in terms of forensic loss quantification. It might differ for fraud or AML.