AXA Business Services Interview Questions, Process, and Tips

Normal accounts and finance question in MCQ.

Q1. Previous organisation work profile and experience
Add your answer
Q2. Basic accounting questions
Add your answer

Q1. Manager of department will ask previous organisation experience and job profile
Add your answer
Q2. Profile information for which they are hiring
Add your answer

Case Study, prepping a deck and code

On the assignment provided in Round 1

Q1. General aptitude
Add your answer

Maths, english, logical resoning was tested

Q1. Basic question about company
Add your answer

Q1. Introduction, about company and your city ..city where company situated, insurance related questions
Add your answer

Q1. Same questions as round 1st
Add your answer

Q1. Tell about yourself
Add your answer
Q2. How could you fit for the jo
Add your answer

Q1. Questions realted to AML KYC.
Add your answer

Q1. How can you manage your time .
Add your answer

Q1. Q.1What is meant by pooled accounts?
Ans. 
Pooled accounts refer to accounts where funds from multiple individuals or entities are combined into a single account.
• Pooled accounts are commonly used by investment funds, such as mutual funds or hedge funds, to pool together the investments of multiple investors.

• These accounts allow for diversification of investments and can be managed by a fund manager.

• The funds in a pooled account are typically invested in various...read more
Answered by AI
View 1 more answer
Q2. Q.2List some parameters for enhanced due diligence?
Ans. 
Enhanced due diligence parameters include high-risk customers, politically exposed persons, complex ownership structures, and unusual transactions.
• Identifying high-risk customers based on their industry, location, or transaction history

• Conducting enhanced due diligence on politically exposed persons (PEPs) and their close associates

• Investigating complex ownership structures to identify ultimate beneficial owners (UBOs)

• ...read more
Answered by AI
Add your answer
Q3. A).The parameters for enhanced due diligence is: Customer location, financial status, Nature of business or Purpose of transaction.
Ans. 
The parameters for enhanced due diligence are customer location, financial status, nature of business, and purpose of transaction.
• Enhanced due diligence is a more thorough investigation of a customer's risk profile.

• Customer location can indicate higher risk jurisdictions.

• Financial status can reveal potential for money laundering or terrorist financing.

• Nature of business can indicate higher risk industries.

• Purpose of tr...read more
Answered by AI
Add your answer
Q4. Q.3What is meant by KYC Policy ?
Ans. 
KYC Policy refers to the set of guidelines and procedures that a financial institution follows to verify the identity of its clients.
• KYC Policy is a crucial part of AML compliance.

• It outlines the procedures for verifying the identity of clients and assessing their risk.

• It includes guidelines for customer due diligence, ongoing monitoring, and record-keeping.

• Examples of KYC Policy include verifying the identity of clien...read more
Answered by AI
Add your answer
Q5. A).All banks need to have a KYC policy as mandated by RBI, in India. The KYC policy lists Customer Acceptance Policy, Customer Identification Procedures, Monitoring of Transactions and Risk Management.
Add your answer
Q6. Q.4Describe the Customer Acceptance Policy in AML/KYC.?
Ans. 
Customer Acceptance Policy outlines the criteria for onboarding new customers and ongoing monitoring.
• The policy should include risk assessment procedures

• It should define the types of customers the institution will not do business with

• It should outline the documentation required for customer identification and verification

• It should specify the frequency and scope of ongoing monitoring

• It should be regularly reviewed and ...read more
Answered by AI
Add your answer
Q7. A).The customer acceptance policy is guidelines to be followed for account opening by the customer. The policy enlists documents needed for identity and other mandated customer characteristic.
Add your answer
Q8. Q.5Explain the customer identification procedure in AML/KYC?
Ans. 
Customer identification procedure in AML/KYC involves verifying the identity of customers and assessing their risk level.
• Collecting customer information such as name, address, date of birth, and identification documents

• Verifying the authenticity of the provided information through reliable sources

• Assessing the customer's risk level based on factors such as their occupation, source of income, and transaction history

• Moni...read more
Answered by AI
Add your answer
Q9. A).The customer identification procedure is the process of identifying the customer by documents and available information so as to be compliant to AML/KYC laws as mandated by Government.
Add your answer
Q10. Q.6How will you identify suspicious transactions.?
Ans. 
Suspicious transactions can be identified by analyzing transaction patterns, customer behavior, and red flags.
• Analyze transaction patterns such as unusual frequency, amounts, or destinations

• Monitor customer behavior such as sudden changes in activity or account information

• Look for red flags such as high-risk countries, politically exposed persons, or unusual business activities

• Use transaction monitoring software to fla...read more
Answered by AI
Add your answer
Q11. A).Suspicious transactions can be identified by observation, analysis of Exception Reports and by using AML Software.
Add your answer