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Master of Science in Financial Crime and Compliance Management

Following the Money: Managing Risk, Investigating Fraud, and Preventing Loss

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25+ Year History Educating Fraud Fighters

Address Current Financial Crime Challenges

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  • Duration 2 years
  • Cost per Credit $880
  • Credit Hours 36

Program Benefits

  • Utica College is an ACAMS academic partner
  • Become a CipherTrace Certified Examiner (CTCE)
  • Experienced, distinguished faculty

Earning Potential of $100,000+

Established in 1999, our Master of Science in Financial Crime and Compliance Management was the first program of its kind—and it’s stayed at the front of its field ever since.

This two-year, 36-credit master’s program equips you with a combination of management, technology, and analytical skills, as well as a global understanding of economic crime. You’ll focus on fraud and compliance strategies and apply innovative technological and analytical solutions to current economic challenges.

You’ll complete this program ready for positions including fraud investigator, attorney, loss-prevention manager, auditor, and compliance manager in risk management, anti-money laundering, and more.

Certification: Lead Investigations in Cryptocurrency Fraud and Theft

Through a unique partnership with CipherTrace — a leading cryptocurrency intelligence company — you can become a CipherTrace Certified Examiner (CTCE) and learn how to analyze and trace funds lost in cryptocurrency fraud and theft. You’ll use the same tools and get the same CTCE training as regulators and law enforcement members around the world do in becoming expert cryptocurrency financial investigators.

Once certified, you’ll be able to complete an active investigation at CipherTrace and write the case report, giving you direct, hands-on experience and demonstrating an incredibly valuable skill set to employers.

ACAMS Premier Industry Partnership for Anti-fraud Professionals

Utica College, is the first college in the nation to become an education partner with the preeminent association for anti-money laundering and financial crime investigations – the Association of Certified Anti-Money Laundering Specialists (ACAMS). The unique academic partnership provides some very important benefits to both ACAMS members and Utica students, including tuition discounts and preparation for the CAMS certification exam:

  • a free student membership to the association for up to two years.
  • a waived application fee and 10% tuition discount, if the applicant is already an ACAMS member.
  • a significantly discounted rate for the CAMS exam taken within 6 months of the student membership.

Career Outlook

With your master’s degree in financial crime and compliance, you’ll hone your professional skills, advance your career, and be prepared to manage corporate and advanced technological resources to combat financial crime.

With a 5 to 10 percent increase in employment opportunities projected from 2020 to 2030, the demand for fraud examiners, investigators, and analysts will only increase.1 Plus, you could qualify for a variety of specific roles, including Director of Enterprise Risk Management, a position that garnered a median salary of $145,754 in 2021.2

Jobs and Income

Curriculum: Integrate Theory with Practice

This rigorous curriculum was built to mirror the intensity of the regulatory regime to prepare you to excel in high-demand roles, so you can easily relate your learning to your career. Courses are routinely updated to keep pace with the ever-changing field and technology and stay on the edge of industry growth.

By applying research methods, organizational theories, and management practices to issues like economic crime, legal issues, internet security, and fraud analysis, you’ll explore the ways financial crime experts work within private industry, government, and law enforcement.

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Admission Requirements

All students must have attended a regionally accredited institution and hold a Bachelor’s degree or equivalent. Other requirements include:

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NO APPLICATION FEES during November!

To celebrate National Fraud Awareness Month, Utica College will waive* your application fee when you apply to this program in November 2021. Use Waiver Code: OLFR.

This 36-credit program costs $880 per credit hour. Utica College is dedicated to making an advanced education accessible and affordable and offers many avenues for financial aid.

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Faculty Spotlight: Learn from Industry Leaders

Our distinguished faculty have held high-level fraud management positions in the financial services industry and will share their extensive experience in risk analysis, fraud control implementation and investigations. Having worked with Utica College’s Center for Identity Management and Information Protection, as well as organizations like the National White Collar Crime Center and the New York Clearing House Check Fraud Committee, faculty members offer tremendous first-hand insights.

Benefit from their industry expertise and advance your career with an edge.

Suzanne Lynch

Suzanne Lynch, M.S.

Professor, Financial Crime and Compliance Management

Suzanne Lynch, M.S., has global experience in risk analysis and fraud control development and investigations in the financial services industry. She has held fraud management positions at MasterCard Worldwide, Goldman Sachs, and Comerica Bank.

In these positions, Lynch was responsible for overseeing electronic banking fraud and implementing fraud control procedures. She also conducted fraud operations reviews on banks to determine the levels of existing fraud controls, global fraud investigations, and third-party processing system risk controls.

Lynch has led training sessions on fraud detection and investigations for global law enforcement groups and financial institutions throughout the world. She also consults for fraud detection software companies in the New York City area.

At Utica College, Lynch developed and enhanced course materials and created specific courses for both graduate and undergraduate financial crime programs. She served as the lead academic for the program’s new prevention and detection concentration and the redesign of the undergraduate online certificate program—adding courses that enhance relevancy to the investigation of financial crime.

Her outreach efforts have drawn in entities like the Association of Certified Anti Money Laundering Specialists (ACAMS), the U.S. Marshals Service, and the New York National Guard to invest professional effort in aligning respective personnel with tailored certificate programs.

Honors and Distinctions

  • M.S. in Economic Crime Management, Utica College
  • B.S. in Criminal Justice, Wayne State University
  • Former Director of the Financial Crime and Compliance Management Program, Utica College, 2001–2015
  • Former Director of Corporate and Professional Programs, Utica College
  • Assistant Executive Director of The Economic Crime Institute, Utica College
Bernard Hyman

Bernard L. Hyman, Jr., J.D.

Professor of Practice of Fraud and Financial Crime Investigation

Executive Director of Economic Crime and Cybersecurity Institute, and Professor of Practice, Fraud & Financial Investigation. Hyman is a 1994 alumnus of Utica College who went on to earn his Juris Doctorate degree from Syracuse University.

Hyman has been with UC since 2009 as an adjunct lecturer until his promotion to Professor of Practice in 2014. He also served as an Assistant District Attorney in Oneida County, NY where he headed the Economic Crime Bureau for more than a decade. Hyman plays an essential role in providing opportunities to UC students to participate in investigation of crimes against revenue including embezzlement, welfare fraud, insurance fraud, sales tax fraud, and other financial crimes.

Benefits of Being an Online Student

Whether you are advancing your career or switching it, online learning gives you a unique perspective from your instructors and fellow students. You’ll get the same high-quality education, credentials, and faculty support without slowing down your life.

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Planning Your Budget

Paying for an online education doesn’t have to be stressful. We’ve compiled helpful resources that can get you well on your way to financing your education. Learn more about available options and how you can get started.

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Frequently Asked Questions

Advancing your life and career with an online degree comes with lots of questions, and we want to ensure your search for answers is effortless. If you have a question we haven’t covered, call (866) 295-3106 to speak with an enrollment counselor.

The online M.S. in Financial Crime and Compliance Management program is designed for professionals who work full-time and is offered part-time, which allows you to achieve a realistic balance between work, school and personal responsibilities and gives you the opportunity to fully absorb the information in your coursework. To see the curriculum, view our courses page.

Established in 1999, our Executive Master of Science in Financial Crime and Compliance Management was the first program of its kind — and it’s stayed at the front of its field ever since. Learn more about this program here.

The first step toward applying to the M.S. in Financial Crime and Compliance Management is to start your online application. Then, you’ll need to gather official transcripts, a personal statement, two letters of recommendation, and a résumé. Read more about admission requirements.

You can apply right now using our online application form! We accept applications throughout the year for enrollment into our spring, summer, and fall terms. You’ll receive a response from the admissions department within two to three weeks. Read more about admission requirements.

You’ll complete 14 courses to earn the M.S. in Financial Crime and Compliance Management degree. You can review courses now.

The curriculum in the M.S. in Financial Crime and Compliance Management program will support your preparation for the Association of Certified Fraud Examiners (ACFE) and Certified Anti-Money Laundering Specialist (CAMS) certification exams. These certifications are known to increase job opportunities and income potential. Learn about career opportunities here.

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Sources

  1. O*NET Online. Summary Report for Fraud Examiners, Investigators and Analysts. Retrieved October 12, 2021, from https://www.onetonline.org/link/summary/13-2099.04#WagesEmployment
  2. Salary.com. Salary for Risk Management Director. Retrieved on September 27, 2021, from https://www.salary.com/research/salary/benchmark/risk-management-director-salary

*Application Fee Waiver Offer for the online BS Fraud and Financial Crime Investigation, MS Financial Crime and Compliance Management, and MS Forensic Accounting programs are valid from Nov 1-Nov 30, 2021. Use Waiver Code: OLFR. Applicants must be at least 18 years of age and not a current student. These fee waivers have no cash value unless applied to the application fee. There are no refunds if a student submits payment online; please do not submit payment online after completing your application during this offer period.