Genpact Senior Associate Interview Questions, Process, and Tips

Q1. What do you know about AML AND KYC and Why are they required
Ans. 
AML and KYC are regulatory compliance measures to prevent money laundering and terrorist financing.
• AML stands for Anti-Money Laundering and KYC stands for Know Your Customer.

• AML and KYC are required by financial institutions to prevent money laundering, terrorist financing, and other financial crimes.

• AML and KYC regulations require financial institutions to verify the identity of their customers, monitor their transact...read more
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Q2. What all criteria do you look for while doing AML AND KYC check
Ans. 
Criteria for AML and KYC checks
• Verification of customer identity and background

• Assessment of customer risk profile

• Monitoring of customer transactions and behavior

• Compliance with regulatory requirements

• Identification and reporting of suspicious activity

• Ongoing due diligence

• Use of technology and data analytics

• Training and awareness of AML/KYC policies and procedures
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Q3. How do you detect a fraud
Ans. 
Fraud detection involves identifying suspicious activities and patterns that indicate fraudulent behavior.
• Monitor financial transactions for unusual activity

• Conduct background checks on employees and vendors

• Implement strong internal controls and segregation of duties

• Use data analytics to identify anomalies and patterns

• Stay up-to-date on industry trends and fraud schemes

• Encourage whistleblowing and provide a safe report
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Q4. What all roles did you perform in your previous organisation
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Q1. What are your salary expectations?
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Q2. Are you ready for rotational shifts etc
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Basic knowledge questions related to my background been asked

Q1. Just tell one reason why should we hire you for this role which is not at all belongs to your back ground?
Ans. Yes , i will surely tell you why you should hire me. But before that i wanna know that - do you think im unfit for this role and what doubt do you have regarding me and my future performance in that role , where 95% employees are working in IT industy are not even belongs to their own learnt domain… And me and my inner personility is very flexible for any kind of work if you train me in the way you exactly wanted me to...read more
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Q1. What are segregation of duties you know?
Ans. 
Segregation of duties refers to dividing responsibilities among different individuals to prevent fraud or errors.
• Segregation of duties involves separating tasks that are incompatible or conflicting.

• It helps to prevent fraud, errors, and misuse of resources.

• Examples include separating the roles of authorizing transactions, recording transactions, and reconciling accounts.

• It is important to ensure that no one person has ...read more
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Q1. Asked about the domain questions like sourcing and procurement
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Q1. Introduction about your self and communication test
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Q1. What would you do if you are not hire ?
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Q2. What are you Strengths ?
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