Aditya Birla Capital KYC Analyst Interview Questions and Answers

Q1. Tell me about your previous work experience?
Ans. 
I have over 5 years of experience working as a KYC Analyst in the banking industry.
• Performed customer due diligence and enhanced due diligence on new and existing clients

• Conducted risk assessments and investigations to ensure compliance with regulations

• Reviewed and analyzed customer documentation to verify identity and assess risk levels

• Collaborated with internal teams and external stakeholders to gather necessary info...read more
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Q2. How do you handle pressure and ensure timely completion of tasks?
Ans. 
I handle pressure by prioritizing tasks, staying organized, and seeking help when needed.
• Prioritize tasks based on deadlines and importance

• Break down tasks into smaller steps to manage time effectively

• Communicate with team members and supervisors for support and guidance

• Take short breaks to recharge and maintain focus

• Stay organized with to-do lists and calendars

• Practice stress-relief techniques like deep breathing or m
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Q1. Tell me about yourself.
Ans. 
I am a detail-oriented KYC Analyst with 5 years of experience in conducting due diligence and risk assessments for financial institutions.
• 5 years of experience in KYC analysis

• Skilled in conducting due diligence and risk assessments

• Strong attention to detail

• Familiar with AML regulations and compliance procedures
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Q2. Why did you leave your previous organisation?
Ans. 
Seeking new challenges and growth opportunities in a different environment.
• Desire for career advancement

• Seeking new challenges

• Relocation

• Company restructuring

• Better work-life balance
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Q1. Different between ML and terrorist financing
Ans. 
ML refers to money laundering, while terrorist financing involves funding illegal activities for terrorist purposes.
• ML involves disguising the origins of illegally obtained money, while terrorist financing involves providing funds for terrorist activities.

• ML is typically a financial crime that involves a series of transactions to make the money appear legitimate, while terrorist financing directly supports acts of terr...read more
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Q2. Different between source of fund and wealth of fund
Ans. 
Source of fund refers to where the money comes from, while wealth of fund refers to the total value of the fund.
• Source of fund is the origin of the money, such as salary, inheritance, or investment returns.

• Wealth of fund is the total value of the fund, including the initial investment amount and any additional contributions or returns.

• Source of fund is more focused on the origin or nature of the money, while wealth of ...read more
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Q1. Different between SIP and PEP
Ans. 
SIP stands for Source of Income and Wealth, while PEP stands for Politically Exposed Person.
• SIP refers to the source of income and wealth of a customer, while PEP refers to individuals who are or have been entrusted with prominent public functions.

• SIP is used to assess the legitimacy of funds, while PEP is used to identify potential risks associated with politically exposed individuals.

• Examples of SIP include salary, i...read more
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Q2. Previous Experience related questions
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Q1. What is the important skill I need to learn to become an KYC Analyst
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Q1. Interest in learning
Ans. 
I have a strong interest in continuous learning and self-improvement.
• I actively seek out new information and skills to enhance my knowledge.

• I enjoy taking courses, attending workshops, and reading books to expand my expertise.

• I am always open to feedback and constructive criticism to grow professionally.

• I believe that learning is a lifelong journey and I am committed to staying updated in my field.
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Q2. Experience and kyc knowledge
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Q3. Banking knowledge
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Q4. Self interview about me
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Q5. Explain about process
Ans. 
The process involves verifying the identity of customers to ensure compliance with regulations and prevent financial crimes.
• Collecting customer information and documentation

• Conducting risk assessments

• Performing due diligence checks

• Monitoring transactions for suspicious activity

• Reporting any suspicious findings to authorities
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Q6. All the question you can ask
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Q7. Easy learn about me
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Q8. Years of work to be there
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Q9. About bnp knowledge
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Q1. Tell me about your self?
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Q2. What do you know about KYC&AML?
Ans. 
KYC (Know Your Customer) and AML (Anti-Money Laundering) are regulatory processes used by financial institutions to verify customer identities and prevent money laundering.
• KYC is the process of verifying the identity of customers and assessing their potential risks.

• AML refers to the measures taken to prevent money laundering, terrorist financing, and other financial crimes.

• KYC and AML are important for financial instit...read more
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Q3. Do you know about State Street?
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Q4. What is mutual fund & hedge funds?
Ans. 
Mutual funds and hedge funds are investment vehicles that pool money from multiple investors to invest in various securities.
• Mutual funds are managed by professional fund managers and offer a diversified portfolio of stocks, bonds, and other assets.

• Investors in mutual funds own shares of the fund and earn returns based on the performance of the underlying securities.

• Hedge funds are typically available only to accredite...read more
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Q5. Do you know about PEP?
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Q1. Tell Me about your experience
Ans. You should know what you have written on the resume and they except it's relevant to the job description and how. Explain your previous experience and inform how this will help for present job offered
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Q2. How do you categorise risk in KYC and What are the risks involved
Ans. 
Risk in KYC is categorized based on the level of threat posed by a customer's profile and activities.
• Risk is categorized as low, medium, or high based on factors such as customer profile, transaction history, and geographical location.

• Examples of risks involved in KYC include money laundering, terrorist financing, fraud, and identity theft.

• KYC analysts assess the risks associated with each customer to ensure compliance
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Q3. What is PEP and how to you define it
Ans. 
PEP stands for Politically Exposed Person, referring to individuals who hold prominent public positions or have close associations with such individuals.
• PEPs are individuals who are entrusted with prominent public functions, such as government officials, heads of state, or high-ranking military officers.

• Family members or close associates of PEPs are also considered as PEPs due to their potential influence and access to...read more
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Aptitude test

Q1. Self introduction and about your previous experience
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Q1. What are your salary expectations?
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Q2. Why should we hire you?
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Q3. Why are you looking for a change?
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Q4. What are your strengths and weaknesses?
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Q5. Tell me about yourself.
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