Fino Payments Bank Internal Auditor Interview Questions and Answers

Q1. Types of fraud, What is transaction monitoring
Ans. 
Transaction monitoring is the process of reviewing and analyzing transactions to detect and prevent fraudulent activities.
• Transaction monitoring involves continuously monitoring transactions for any suspicious or unusual activity.

• It helps in identifying patterns and trends that may indicate fraudulent behavior.

• By setting up alerts and thresholds, transaction monitoring can help in detecting and preventing fraud in real...read more
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Q1. What is your qualifications?
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Q2. Current job openings are listed in job description please choose the job you want to apply
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Q1. Know about aml and kyc
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Q2. What re three stages of money laundering
Ans. 
The three stages of money laundering are placement, layering, and integration.
• Placement involves introducing illegal funds into the financial system, often through small transactions to avoid detection.

• Layering involves moving the funds through a series of complex financial transactions to make tracing difficult.

• Integration involves reintroducing the laundered funds into the legitimate economy, often through investment
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Q1. Difference between rank & dense rank
Ans. 
Rank assigns unique numbers to each row based on the order specified, while dense rank assigns consecutive numbers without gaps.
• Rank leaves gaps in the ranking sequence if there are ties, while dense rank does not

• Rank function is used to assign a unique rank to each row, while dense rank function is used to assign a unique rank to each distinct row

• For example, if there are two rows with the same value and rank 1, the n...read more
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Q2. Given two tables Tell how many values would be there for left right inner outer join
Ans. 
The number of values in different types of joins depends on the relationship between the tables.
• In a left join, all values from the left table are included along with matching values from the right table. The number of values will be equal to the number of rows in the left table.

• In a right join, all values from the right table are included along with matching values from the left table. The number of values will be equ...read more
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Q3. Find the newest customer id for every product
Ans. 
Use SQL query to find the newest customer id for every product
• Use GROUP BY clause to group by product

• Use MAX() function to find the newest customer id for each product

• Join the tables if necessary
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Aptitude reasoning quant and permutations and combinations

A topic was given for a group ..eg cryptocurrency is boon or bane

45 min analytical questions

Q1. Send + more = money
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Q2. Find the angle at 3:20
Ans. 
To find the angle at 3:20, we need to calculate the minute hand's position relative to the hour hand.
• Calculate the angle made by the hour hand with the 12 o'clock position at 3:20 (20 minutes past 3)

• Calculate the angle made by the minute hand with the 12 o'clock position at 3:20

• Find the difference between the two angles to get the angle at 3:20
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How to manage the team ..

Q1. Previous company skill how to working knowledge..
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Q2. Good Skill in managing team
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Q1. Clarification of documents
Ans. 
Clarification of documents is essential for effective communication and decision-making.
• Clarification ensures that all parties have a common understanding of the information presented.

• It helps to avoid misunderstandings and errors.

• Examples include asking questions, summarizing key points, and providing additional context.

• Clarification can be done verbally or in writing, depending on the situation.

• It is important to cla...read more
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