Kotak Mahindra Bank Transaction Monitoring Analyst Interview Questions, Process, and Tips

I have detected and prevented multiple fraud cases during my time as a Transaction Monitoring Analyst.

• Detected and prevented numerous fraud cases by analyzing transaction patterns and identifying suspicious activities

• Implemented new monitoring techniques that led to the detection of several fraudulent transactions

• Collaborated with law enforcement agencies to investigate and prosecute fraudsters

• Provided training to team...read more

STR stands for Suspicious Transaction Report.

• STR is a report filed by financial institutions to the authorities when they suspect a transaction to be related to money laundering or terrorist financing.

• It helps in identifying and preventing financial crimes by reporting suspicious activities to the appropriate authorities.

• Examples of activities that may trigger an STR include large cash transactions, unusual patterns of...read more

I detect suspicious transactions by analyzing transaction patterns, monitoring for unusual activity, and investigating alerts.

• Utilize transaction monitoring software to flag potentially suspicious transactions

• Analyze transaction patterns and look for deviations from normal behavior

• Monitor for high-risk transactions such as large amounts, frequent transactions, or transactions to high-risk countries

• Investigate alerts ge...read more

The process for filing a Suspicious Transaction Report (STR) involves gathering relevant information, analyzing the transaction, documenting findings, and submitting the report to the appropriate authorities.

• Gather all relevant information related to the suspicious transaction, including transaction details, customer information, and any supporting documentation.

• Analyze the transaction to determine if it meets the crit...read more