Accenture AML Analyst Interview Questions and Answers

Q1. Sanction countries
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Q1. What is the mark to market
Ans. 
Mark to market is the process of valuing a financial asset based on its current market price.
• Mark to market is used to accurately reflect the current value of an asset on a company's balance sheet.

• It involves adjusting the value of the asset to reflect the current market price rather than the purchase price.

• This process is commonly used for securities such as stocks, bonds, and derivatives.

• Mark to market helps investor...read more
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Q1. Process knowledge checking and self introduction
Ans. I'm having strong process knowledge of AML and KYC
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Q1. What is Kyc What is aml
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There are just a few logical and reasoning questions, and the second part of the test pertains to English proficiency.

Q1. Basic Introduction
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Q2. What provokes you to leave your previous organisation.
Ans. 
Lack of growth opportunities and stagnant work environment.
• Limited opportunities for career advancement

• Feeling of being undervalued or unappreciated

• Stagnant work environment with no new challenges or learning opportunities
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Q1. Basic introduction
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Q2. What projects have you previously worked on?
Ans. 
I have worked on various projects including implementing quality assurance processes, conducting test cases, and analyzing data.
• Implemented quality assurance processes to ensure product quality

• Conducted test cases to identify bugs and issues

• Analyzed data to improve product performance

• Worked on projects in industries such as software development and healthcare
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Q3. What are the biggest challenges you faced in your previous organisation?
Ans. 
Some of the biggest challenges I faced in my previous organization included managing tight deadlines, resolving conflicts within teams, and adapting to changing project requirements.
• Managing tight deadlines for multiple projects simultaneously

• Resolving conflicts within teams and promoting effective communication

• Adapting to changing project requirements and priorities
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Q4. What is a pivot table, and what is its significance in quality ?
Ans. 
A pivot table is a data processing tool used to summarize, analyze, and present large amounts of data in a structured format.
• Pivot tables allow users to rearrange and summarize data from a spreadsheet or database table to analyze trends and patterns.

• They help in identifying relationships between different data points and making data-driven decisions.

• Pivot tables can be used to calculate averages, sums, counts, and othe...read more
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Q5. What are the seven tools of quality?
Ans. 
The seven tools of quality are a set of techniques used for quality control and improvement in manufacturing and service industries.
• Check sheet: Used for collecting and analyzing data, such as defects or errors.

• Control chart: Monitors process variation over time to identify trends or patterns.

• Histogram: Displays data distribution to identify patterns or outliers.

• Pareto chart: Helps prioritize issues by showing the most...read more
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Q6. What is the formula for calculating variance and error percentage based on the total number of samples?
Ans. 
The formula for calculating variance is the sum of squared differences between each data point and the mean, divided by the total number of samples. Error percentage is the absolute difference between the actual and predicted values, divided by the actual value, multiplied by 100.
• Variance = Σ((X - μ)²) / N, where X is each data point, μ is the mean, and N is the total number of samples

• Error percentage = |(Actual - Pred...read more
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Q7. What is your understanding of Root Cause Analysis (RCA), and why is it considered important?
Ans. 
RCA is a systematic process used to identify the underlying causes of problems or issues in order to prevent their recurrence.
• RCA involves investigating an issue or problem to determine the root cause(s) rather than just addressing the symptoms.

• It helps in identifying systemic issues within processes or systems that may be contributing to the problem.

• RCA aims to prevent the recurrence of issues by addressing the root c...read more
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Q1. What are the sanction country.
Ans. 
Sanction countries are nations that have been subjected to economic or political sanctions by other countries or international organizations.
• Sanction countries may be restricted from trading with certain countries or organizations.

• Sanctions are often imposed as a form of diplomatic or economic pressure to encourage a change in behavior.

• Examples of sanction countries include Iran, North Korea, Russia, and Venezuela.
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Q2. What is trust and explain types of trust.
Ans. 
Trust is a belief in the reliability, truth, or ability of someone or something. Types of trust include interpersonal trust, institutional trust, and situational trust.
• Interpersonal trust is trust between individuals based on personal relationships and experiences.

• Institutional trust is trust in organizations, institutions, or systems, such as government or businesses.

• Situational trust is trust that is context-specific...read more
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Q1. Tell about my self
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Q2. Tell about my process
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Q1. Process explained
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Q2. Banking experience
Ans. 
I have 3 years of banking experience working as a KYC Analyst at XYZ Bank.
• Performed customer due diligence to ensure compliance with regulations

• Conducted risk assessments on new and existing clients

• Reviewed and analyzed customer documentation for accuracy and completeness
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