Impactiva Interview Questions and Answers

Q1. What are the aml and kyc requirements?
Ans. 
AML and KYC requirements are regulations that financial institutions must follow to prevent money laundering and verify the identity of their customers.
• AML (Anti-Money Laundering) requirements involve monitoring transactions, reporting suspicious activities, and conducting customer due diligence.

• KYC (Know Your Customer) requirements involve verifying the identity of customers, assessing their risk level, and maintainin...read more
Answered by AI
Add your answer
Q2. Why should we hire you, briefly describe a scenario where you would showcase a different skill or talent compared with your fellow employees?
Ans. 
I have a strong attention to detail and analytical skills that set me apart from my colleagues.
• I have a proven track record of accurately identifying and resolving discrepancies in KYC documentation.

• I excel at conducting thorough research and analysis to ensure compliance with regulations.

• My ability to effectively communicate complex information to stakeholders sets me apart in team collaborations.
Answered by AI
Add your answer
Q3. Strength and weakness?
Ans. 
Strength: attention to detail, Weakness: perfectionism
• Strength: Ability to meticulously review documents and identify discrepancies

• Strength: Strong analytical skills to detect potential risks or fraudulent activities

• Weakness: Striving for perfection may lead to spending too much time on a task

• Weakness: Difficulty in delegating tasks due to desire for everything to be done perfectly
Answered by AI
Add your answer
Q4. Project and achievements?
Ans. 
Implemented a new KYC process resulting in 30% reduction in onboarding time and 20% decrease in errors.
• Led a team to revamp KYC procedures and systems

• Introduced automation tools to streamline verification process

• Trained staff on updated KYC regulations and best practices
Answered by AI
Add your answer
Q5. Are you a team player? What do you do when you don’t get along with certain colleagues? How do you manage conflict resolution?
Ans. 
Yes, I am a team player. I believe in open communication and collaboration. When conflicts arise, I address them directly and seek resolution.
• I believe in open communication and collaboration within the team.

• I address conflicts directly and seek resolution through constructive conversations.

• I focus on finding common ground and working towards a solution that benefits the team as a whole.
Answered by AI
Add your answer
Q6. Provide a situation where you might have failed previously? What has that experience taught you?
Ans. 
I failed to meet a deadline due to poor time management.
• Underestimated the time needed for a project

• Did not prioritize tasks effectively

• Learned to create a detailed schedule and set realistic deadlines
Answered by AI
Add your answer

General English grammar knowledge and some calculations

Q1. CTC and expected salary details?
Add your answer
Q2. No you cannot negotiate and end up taking what they give you!
Add your answer
Q3. No relocation time, do it during weekends
Add your answer
Q4. No target compensation or other benefits
Add your answer
Q5. If ur employed through agency or consultancy you will be always a contingent and treated less than permanent employees
Add your answer
Q6. 12 hours a day, 6 days a week, no social or life balance
Add your answer

I have given 4 rounds of WNS and was selected. They congratulated me for being selected and then asked me the documents. But later HR and Interviewer both stopped picking my call and then told me after 15-20 days we are putting you on hold and not proceeding with your application

Q1. Why you are taking less salary
Add your answer

Q1. Why are you leaving your current job
Add your answer
Q2. NA
Add your answer

Q1. Why are you not satisfied by your current job
Add your answer

Q1. Walk me through your resume. About insurance process what is policy life cycle.
Add your answer
Q2. Tell me about your previous role.
Ans. 
I was responsible for analyzing and improving processes to increase efficiency and productivity.
• Led process improvement initiatives to streamline operations

• Identified bottlenecks and implemented solutions to optimize workflows

• Collaborated with cross-functional teams to gather data and feedback

• Utilized data analysis tools to track performance metrics

• Developed and implemented process documentation and training materials
Answered by AI
Add your answer

Yet to complete the test

Q1. Asked about Gallagher.
Add your answer
Q2. What do you know about Gallagher.
Ans. 
Gallagher is a global insurance brokerage, risk management, and consulting firm.
• Founded in 1927 by Arthur J. Gallagher

• Headquartered in Rolling Meadows, Illinois

• Provides insurance, risk management, and consulting services globally

• Offers services in areas such as commercial insurance, employee benefits, and personal insurance

• Has a strong focus on client relationships and personalized service
Answered by AI
Add your answer

Q1. Situation based questions were asked.
Add your answer
Q2. How would you built the trust with the stakeholders
Ans. 
Building trust with stakeholders involves open communication, transparency, and delivering on commitments.
• Establish open lines of communication with stakeholders to address concerns and provide updates

• Be transparent about project progress, challenges, and decisions

• Deliver on commitments and follow through on promises to build credibility

• Seek feedback from stakeholders and incorporate their input into decision-making pr...read more
Answered by AI
Add your answer

Q1. How does Django apply migrations to the database?
Add your answer
Q2. What is hoisting in javascript?
Add your answer

Create a full stack application in 3 days.

Q1. Basic questions about the experience and the product worked on
Add your answer

30 easy aptitude questions.

Q1. Video analysis. Summarize the video in bullet points.
Ans. 
Video analysis involves summarizing the content of a video in bullet points.
• Identify key themes or topics discussed in the video

• Highlight important events or moments

• Note any key statistics or data presented

• Summarize the main conclusions or takeaways

• Include any notable visuals or graphics shown
Answered by AI
Add your answer
Q2. Summarize all the examples you saw in the video.
Ans. 
The video showcased various examples of data analysis and visualization techniques.
• Exploratory data analysis using histograms and scatter plots

• Predictive modeling using regression and classification algorithms

• Time series analysis for forecasting future trends

• Text mining for sentiment analysis

• Clustering techniques for customer segmentation
Answered by AI
Add your answer
Q3. Tell me about yourself
Ans. 
I am a recent graduate with a degree in Computer Science and a passion for data analysis and machine learning.
• Recent graduate with a degree in Computer Science

• Passionate about data analysis and machine learning

• Experience with programming languages like Python and R

• Completed projects involving data visualization and predictive modeling
Answered by AI
Add your answer
Q4. Discussion on projects.
Add your answer
Q5. What do you know about mu Sigma?
Ans. 
Mu Sigma is a data analytics and decision sciences company that helps organizations make data-driven decisions.
• Mu Sigma was founded in 2004 and is headquartered in Chicago, Illinois.

• They provide services in areas such as marketing analytics, supply chain analytics, and risk analytics.

• Mu Sigma has worked with Fortune 500 companies across various industries to help them leverage data for better decision-making.

• The compan...read more
Answered by AI
Add your answer
Q6. Why do you want to join Mu Sigma?
Ans. 
I want to join Mu Sigma because of their reputation for providing challenging and impactful data science projects.
• Mu Sigma is known for working on cutting-edge data science projects with top clients

• I am excited about the opportunity to work with a diverse team of data scientists and learn from their expertise

• I believe Mu Sigma's focus on innovation and problem-solving aligns with my own career goals
Answered by AI
Add your answer
Q7. SQL and technical questions based on your projects or tech stack.
Add your answer
Q8. What challenges you faced during your projects?
Ans. 
I faced challenges in data cleaning, feature engineering, and model optimization during my projects.
• Data cleaning: Dealing with missing values, outliers, and inconsistencies in the data.

• Feature engineering: Creating new features from existing data to improve model performance.

• Model optimization: Tuning hyperparameters and selecting the best algorithm for the problem.

• Example: In a project predicting customer churn, I ha...read more
Answered by AI
Add your answer

Easy Level DS Questions - 30 mins

Q1. Cloud Services related questions
Add your answer
Q2. ETL Based question
Add your answer

A comprehensive coding test which included job role simulation.

Advanced Cloud Services questions

Q1. Introduce yourself
Add your answer
Q2. Why did you leave your last organisation
Add your answer

The aptitude test was interesting, Had a bunch of fun puzzles

Q1. Tell me about yourself
Ans. 
I am a detail-oriented business analyst with a strong background in data analysis and problem-solving.
• Experienced in gathering and analyzing business requirements

• Skilled in creating data models and visualizations

• Proficient in using tools like SQL, Excel, and Tableau

• Strong communication and presentation skills

• Certified in business analysis (e.g. CBAP)
Answered by AI
Add your answer
Q2. Where do you see yourself in 5 years
Add your answer

Q1. Difference between Cluster and Non-Cluster Index?
Ans. 
Cluster index physically orders the data rows in the table, while non-cluster index does not.
• Cluster index determines the physical order of data rows in the table.

• Non-cluster index does not affect the physical order of data rows.

• Cluster index is faster for retrieval of data in the order specified by the index.

• Non-cluster index is faster for retrieval of data based on specific columns.

• Example: Cluster index on a primary...read more
Answered by AI
Add your answer
Q2. Difference between SQL DELETE and SQL TRUNCATE
Ans. 
DELETE removes specific rows from a table, while TRUNCATE removes all rows from a table.
• DELETE is a DML command, while TRUNCATE is a DDL command.

• DELETE can be rolled back, while TRUNCATE cannot be rolled back.

• DELETE triggers delete triggers on each row, while TRUNCATE does not trigger any delete triggers.

• DELETE is slower as it maintains logs, while TRUNCATE is faster as it does not maintain logs.
Answered by AI
Add your answer