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KPMG India KYC Analyst Interview Questions, Process, and Tips

Updated 26 Nov 2024

Top KPMG India KYC Analyst Interview Questions and Answers

  • Q1. 7. What is PEP? 8. Are only politicallly exposed person a threat or are there any other threats you can relate ?
  • Q2. 4. What is AML? 5. Difference between CDD and EDD 6. What is the meaning of Due Diligence?
  • Q3. What is sanctions and sanction screening?
View all 8 questions

KPMG India KYC Analyst Interview Experiences

8 interviews found

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 6 Jun 2024

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Company Website and was interviewed in May 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Round 1 of the kpmg aptitude test typically covers basic kyc, verbal, and logical reason

Round 2 - One-on-one 

(2 Questions)

  • Q1. What is KYC and AML?
  • Ans. 

    KYC stands for Know Your Customer and AML stands for Anti-Money Laundering. They are regulatory processes to verify the identity of clients and prevent illegal financial activities.

    • KYC is the process of verifying the identity of customers to ensure they are who they claim to be.

    • AML is the set of procedures, laws, and regulations designed to prevent money laundering by criminals.

    • KYC helps financial institutions assess t...

  • Answered by AI
  • Q2. What is sanctions and sanction screening?
  • Ans. 

    Sanctions are penalties imposed on individuals, entities, or countries to enforce international laws or policies. Sanction screening is the process of checking individuals or entities against sanction lists to ensure compliance.

    • Sanctions are penalties imposed on individuals, entities, or countries for violating international laws or policies.

    • Sanctions can include financial restrictions, trade embargoes, travel bans, an...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - it was good experience

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 3 Jul 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

To write essay of minimum 400 words within 25 minutes.

Round 2 - One-on-one 

(2 Questions)

  • Q1. Types of taxes in India.
  • Ans. 

    Types of taxes in India include income tax, goods and services tax (GST), corporate tax, customs duty, and excise duty.

    • Income tax is levied on individuals and businesses based on their income levels.

    • Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

    • Corporate tax is levied on the profits earned by companies operating in India.

    • Customs duty is a tax imposed o...

  • Answered by AI
  • Q2. About the previous internship.

Interview Preparation Tips

Interview preparation tips for other job seekers - Try being honest .

KYC Analyst Interview Questions Asked at Other Companies

asked in KPMG India
Q1. 7. What is PEP? 8. Are only politicallly exposed person a threat ... read more
Q2. Full form of FATCA What is kyc Why for kyc Need of kyc Sanctioned ... read more
asked in KPMG India
Q3. 4. What is AML? 5. Difference between CDD and EDD 6. What is the ... read more
Q4. What is corporate KYC
asked in BNP Paribas
Q5. Why KYC is used in some areas and why AML is not used in that are ... read more

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 20 Mar 2024

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Not Selected

I was interviewed in Feb 2024.

Round 1 - Aptitude Test 

Good and logical for the better understanding of the process

Round 2 - One-on-one 

(1 Question)

  • Q1. Self introduction and many more
Round 3 - One-on-one 

(1 Question)

  • Q1. More abt process and it's applications

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't go for interview if you are mailed from HR personal account since those people are doing lots of proxy to get refferal candidates

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 27 Feb 2024

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Jan 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

It is good and nice went well

Round 2 - Technical 

(2 Questions)

  • Q1. All went good overall
  • Q2. What is kyc ?
  • Ans. 

    KYC stands for Know Your Customer. It is a process used by financial institutions to verify the identity of their clients.

    • KYC is a regulatory requirement to prevent money laundering and fraud

    • It involves collecting personal information and verifying it through documents

    • Examples of KYC documents include passport, driver's license, and utility bills

  • Answered by AI
Round 3 - One-on-one 

(2 Questions)

  • Q1. What is AML ?
  • Ans. 

    AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.

    • AML is a regulatory framework that aims to detect and prevent money laundering activities.

    • Financial institutions are required to have AML programs in place to monitor and report suspicious activities.

    • Examples of AML measures include customer d...

  • Answered by AI
  • Q2. What is ML ?
  • Ans. 

    ML stands for Machine Learning, a subset of artificial intelligence that focuses on the development of algorithms and models that allow computers to learn from and make predictions or decisions based on data.

    • ML involves training algorithms to learn patterns and make predictions or decisions without being explicitly programmed.

    • Common techniques in ML include supervised learning, unsupervised learning, and reinforcement ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

Skills evaluated in this interview

KPMG India interview questions for designations

 AML KYC Analyst

 (2)

 AML and KYC Analyst

 (1)

 AML Analyst

 (2)

 Actuarial Analyst

 (1)

 Financial Risk Analyst

 (1)

 Audit Analyst

 (7)

 Financial Analyst

 (5)

 Tax Analyst

 (3)

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 26 Nov 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Self introduction
  • Q2. Previous experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Kpmg is good MNC

Get interview-ready with Top KPMG India Interview Questions

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 8 Apr 2023

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Mar 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Interview 

(5 Questions)

  • Q1. 1. Tell me about yourself
  • Ans. 

    I am a KYC Analyst with 5 years of experience in the banking industry.

    • I have a strong understanding of KYC regulations and compliance procedures.

    • I am skilled in conducting customer due diligence and risk assessments.

    • I have experience in reviewing and verifying customer identification documents.

    • I am proficient in using various KYC tools and systems.

    • I have excellent attention to detail and analytical skills.

    • I am able to ...

  • Answered by AI
  • Q2. 2. What are the recent projects/internships you did ? (I was a fresher)
  • Q3. 3. Did u go through the job description? If yes. What did you understand from the job description ?
  • Ans. 

    Yes, I went through the job description.

    • The job involves conducting KYC (Know Your Customer) analysis.

    • The analyst is responsible for verifying customer information and ensuring compliance with regulations.

    • They need to review documents, perform risk assessments, and identify potential fraudulent activities.

    • Strong attention to detail and analytical skills are required.

    • Experience with AML (Anti-Money Laundering) regulatio

  • Answered by AI
  • Q4. 4. What is AML? 5. Difference between CDD and EDD 6. What is the meaning of Due Diligence?
  • Ans. 

    AML is Anti-Money Laundering, a set of laws, regulations, and procedures to prevent illegal activities like money laundering and terrorism financing.

    • AML is a regulatory framework that financial institutions must follow to prevent money laundering and terrorist financing.

    • It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activities.

    • CDD (Customer Due Diligen...

  • Answered by AI
  • Q5. 7. What is PEP? 8. Are only politicallly exposed person a threat or are there any other threats you can relate ?
  • Ans. 

    PEP stands for Politically Exposed Person. They are individuals who hold a prominent public position or have close associations with such individuals.

    • PEPs are considered high-risk customers due to their potential involvement in corruption, money laundering, and other financial crimes.

    • Examples of PEPs include government officials, heads of state, and senior executives of state-owned enterprises.

    • Other threats in the KYC ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - •Always be confident and never keep silence after a question is asked.

•An awkward silence can always be a bad impression to the interviewer.

•Your confidence is the main point noted by the interviewer.

•Always be thorough with the summary and findings of the projects you have done
(Very important if your a fresher).
ALL THE BEST!

KYC Analyst Interview Questions & Answers

user image Anonymous

posted on 4 Nov 2022

I applied via Naukri.com and was interviewed in May 2022. There were 5 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Basic AML and KYC understanding end to end test

Round 3 - One-on-one 

(1 Question)

  • Q1. In depth understanding of kyc and AML related topics
Round 4 - Technical 

(2 Questions)

  • Q1. About Roles and Responsibilities
  • Q2. Question related to AML in Depth
Round 5 - HR 

(1 Question)

  • Q1. Basic information about you

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident be clarity in your answers make sure you are fit to the role

KYC Analyst Interview Questions & Answers

user image RajNandani Bharti

posted on 7 Mar 2023

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Job Fair and was interviewed before Mar 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(2 Questions)

  • Q1. Introduction and basic knowledge of KYC
  • Q2. Tell me about yourself. What do you understand by KYC
  • Ans. 

    KYC stands for Know Your Customer. It is a process of verifying the identity of a customer to prevent fraud and money laundering.

    • KYC is a regulatory requirement for financial institutions to verify the identity of their customers.

    • It involves collecting and verifying personal information such as name, address, date of birth, and government-issued ID.

    • KYC helps to prevent financial crimes such as money laundering, terrori...

  • Answered by AI
Round 3 - Aptitude Test 

English test based on situational topic

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and reply positively. Listen to the question carefully first and reply accordingly.

Interview questions from similar companies

I applied via Campus Placement and was interviewed in Jan 2016. There were 6 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Questions on resume
  • Q2. Small Case study ( statistics )
  • Q3. Why analytics and goal in life
  • Ans. 

    Analytics helps me make informed decisions and achieve my goals in life.

    • Analytics provides valuable insights and data-driven solutions to complex problems.

    • Setting goals helps me stay focused and motivated towards achieving personal and professional success.

    • By analyzing data and setting specific goals, I can track my progress and make necessary adjustments to reach my objectives.

    • For example, in my previous role as a mar...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: Dual Degree students with decent CPI, relevant projects and extras
Tips: Highlight subjects and projects involving data mining, machine learning, marketing research

Round: Test
Experience: PST had 26 questions to be done in an hour (3 cases) and 20 QUESTIONS in 30 mins general apti (level: 2-3 of Arun sharma)
Tips: practice!
Duration: 1 hour 30 minutes
Total Questions: 46

Round: Technical + HR Interview
Experience: Since my resume was filled with

College Name: IIT Kanpur

Consultant Interview Questions & Answers

BCG user image Neha Kalra

posted on 21 Dec 2015

I applied via Walk-in

Interview Questionnaire 

7 Questions

  • Q1. Girls on the manufacturing floor”
  • Q2. Manufacturing as a career
  • Ans. 

    Manufacturing offers diverse career opportunities in various industries.

    • Manufacturing provides a wide range of job roles, from production line workers to engineers and managers.

    • It offers opportunities to work in different industries such as automotive, electronics, pharmaceuticals, and more.

    • Manufacturing careers often involve problem-solving, innovation, and continuous improvement.

    • There are various specializations with...

  • Answered by AI
  • Q3. Why MBA?
  • Ans. 

    An MBA will provide me with the necessary skills, knowledge, and network to excel in the business world.

    • Acquire essential business knowledge and skills such as finance, marketing, and strategy

    • Develop leadership and management abilities through practical projects and case studies

    • Expand professional network through interactions with classmates, alumni, and industry professionals

    • Enhance career opportunities and earning po

  • Answered by AI
  • Q4. Why ISB?
  • Ans. 

    ISB offers a diverse and rigorous curriculum, top-notch faculty, strong alumni network, and excellent career opportunities.

    • ISB's diverse student body and faculty bring a global perspective to the learning experience.

    • The school's rigorous curriculum ensures students are well-prepared for the challenges of the business world.

    • ISB's strong alumni network provides valuable connections and support for career advancement.

    • The ...

  • Answered by AI
  • Q5. “there is a company in the telecom sector and has a product “X” – this X is a necessity in telecom and the company has been making good profits for the last 4 years – like 40% gross margin.. and now sudden...
  • Ans. 

    The CEO should diversify the company's product portfolio and explore new markets to overcome the stagnant revenue and profits in the telecom sector.

    • Diversify the product portfolio to reduce reliance on a single product

    • Explore new markets and industries where the product can be applicable

    • Invest in research and development to innovate and create new products

    • Improve marketing and sales strategies to reach a wider customer...

  • Answered by AI
  • Q6. “”Our client is in telecom, profitability is at 10% and they want 25%.. what should they do? ”
  • Ans. 

    To increase profitability from 10% to 25%, the telecom client should focus on cost reduction, revenue growth, and operational efficiency.

    • Identify and reduce unnecessary costs and expenses

    • Increase pricing or introduce new revenue streams

    • Improve customer retention and acquisition

    • Optimize operational processes and streamline workflows

    • Invest in technology and innovation to drive efficiency

    • Explore partnerships or mergers to...

  • Answered by AI
  • Q7. “Tata is coming with nano, what do you think it’s a threat or an opportunity for other players in the market..”
  • Ans. 

    The Tata Nano can be seen as both a threat and an opportunity for other players in the market.

    • Threat: The Tata Nano's low price and affordability may attract customers away from other players in the market.

    • Opportunity: The introduction of the Tata Nano may stimulate overall demand for small, affordable cars, benefiting all players in the market.

    • Threat: Other players may need to lower their prices or introduce competiti...

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: I asked him about the product X? and how important it is for the telecom service providers? is it a big part of their costs ? – he said some arbit stuff – this was a hint that it was a bigger overall strategy case and not into details – so I defined the case as – the CEO wants to know, what to do to increase the profits both in short and long term – he said yes - I immediately moved to the standard profit loss framework and started looking at revenue first - he said OK – I said profit = Price* Quantity and went to pricing... he had said that the telecom service providers were not very sensitive to pricing in the business.. so I dint come to reducing the pricing... I asked about the competitive landscape – our client is 35% business... it went on and on an on ..... could not reach anywhere.. so we went to costs... discussed everything.. excess capacity.. joint ventures.. MnA,..still nothing..so he said.(the discussion was a very intelligent substance discussion.. not general profit loss cases.). – we had a great discussion on both prices and quantity,, why don’t u see decreasing the price – I said.. “ooooooo I thot of it, but then u said that the players are insensitive to price “ - he said “ they WERE, the whole industry as I told u is seeing some problems” – PICK UP THE HINTS... -- once he said this I went to the cost structure of the firm again – I said that our client can play price war only if a) his variable costs are lower than competitors variable costs and he is playing on high investment low variable cost model (reliance model) – he said YES it is exactly this way – I said OK , then let him price X above his variable cost but below the others variable costs and drive the competition away. – I also said, to speeden this up he should in fact price it lower than his variable costs also (extremely low and he can afford it because he has cash with him as he has been on 40% profits for the last 4 – 5 years.. so there should not be an issue on the working capital side – he sair “great” .. he wanted to stop and asked me to summarize the case.. – I summarized the case, and also gave some more ideas like .. seeing the cost and benefit of doing away with excess capacity rite now and adding again when the market is doing good, buying high fixed cost players in the sector.. etcc etc.. a lot more.. – he patiently listened to everything Then he asked me if I had anything to ask him? I asked similar question as I asked in Mck – “ has India become a net contributor to the knowledge base..- he told me about low cost Indian manufacturing.. I said cool... and he said super cool!
Tips: a) work on your resume b) Make the resume in such a way that irrespective of whatever – the you are able to guide the interviewer to THE thing you want to talk about – link all answers to that DO NOT OVERPREPARE – DON’T LOOSE YOUR NATURAL SELF

Round: Case Study Interview
Experience: Upfront questions – where in the value chain? – ans.. they make towers and maintain them .. and into providing services too.—so I asked details on the portfolio of services and portfolio of work of tower etc. – he gave me everything including margins.. so margins in tower making etc were low – I asked him if he is sure that its not just an accounting issue.—he appreciated the point and said .. no, they do ABC and might be small accounting issues but not really one—I said ok.. and moved on to profitability framework .. revenue – costs --- so I said we will look at the tower making etc.. (pareto) – he said perfect.. – went to revenue... he hinted therez nothing there , I said great! Jumped to costs (didn’t waste time at all) - asked him costs heads .. he gave the following .. – a) Tower making, b) people c) administration (I don’t remember the terminology correctly but the remember the discussion) Discussion on tower making – I said “ so Navneet, what does it include” – he said making and servicing and maintaining and some back office work – so I said following can be wrong (BE CREATIVE, I started throwing solutions/ideas) (i) are the people skilled? Know how much material are they using (extra material = extra cost) (ii) is the quality of material too high (more than required quality increases the costs) (iii) is there rework happening? – are people good?(iv) What kind of designs are there – he said there are various different types of designs – I asked why? – he said no one knows – I said .. are they required? – he said , no – I said then standardize the design! He looked happy – so I started throwing more ! – he said no, lets move on to other ones Discussion on people – people cost = wage * numbera) are outsourced people expensive – yes they are – are they doing some specialized job? – not really, they can be replaced – then replace them b) can we multiskill people – yeah we can – then do that! c) Can we move our service centers to low cost destinations – yes we can d) Can we reallocate people to reduce number of people – yes we can – but can we fire them? – are they unionized? – yes they are and he appreciated the point that I touched upon the fact that the unions are tough to handle ( learning : know your industry, small things can make you win the case Discussion on administration a) planning happening ok? – no – so scheduling, audits have to be done again and again (I did not come up with this point alone. It was a result of a thorough discussion .

Round: Case Study Interview
Experience: i said – its an opportunity (no structure , we were taking a walk after all) because it opens up a full market – he said ‘ what shud the competitors do” – I kept on saying a lot of things... - they should lobby with government to stop this .. bla bla bla bla – the discussion was round and round and round.. I was tired with my high heels—then suddenly I said – Arvind can you tell me if I am on the right track ? , am little tired – he smiled and said, ok I again ask you “ what can they do to stop the nano or get ready for the market” – this statement gave me clarity and I said “ ok we can stop nano from coming, or do some other stuff” – he said great , so lets discuss both one by one – (remember that once you asked for clarity then you have to crack the rest of the case, else you are dead) –so I picked up stopping nano to hit the market discussion on stopping Nano to hit the market –
(i) demand side hit – lobby with the activists and say that the infrastructure isn’t ready and hence nano should not be allowed ( he liked it)
(ii) demand side hit -Increase the advertisements on how “Indians have to be sensitive about infrastructure” ( he liked it)
(iii) supply side hit – can we buy out the suppliers? – can we promise them some other meat? – like get them under long term agreements etc
(iv) Supply side hit – can we buy out the low cost suppliers to tatas ( I told them, that my thinking was to stop providing necessary materil that gets into nana
(v) Supply side – can we buy their engineers
(vi) And some more discussion, I don’t quite remember .but ya on similar lines What else they can do till they develop their own low cost (i) can they give fire to second hand car market ( as this is the immediate competition to nano) (ii) he kept on probing me on public transport till I said – why cant they collaborate with the government and make the public transport so easy and good and safe that people don’t need nano! BINGO.. ( he loved it- tho he only got that in my head – amazing guide he is) he still looked dissatisfied and asked me there is something else that is missing.. – something that is a real threat to the competitors of tatas. – we kept on discussing, till I suddenly remembered the team that made the engine is of 30 years average age (READ THE CURRENT ISSUES, IT HELPS BUILD PERSPECTIVE) – so I said “ they have the engineering skills, which can be used to enter other segments (like they can make cheaper engines for indigo .. or come up with new car in ford Ikon category etc).. and this resource is just too good! – BINGO
Tips: a) Be genuine b) Be grounded c) Be yourself d) Be confident e) Be transparent f) Be blunt (but carry it ) g) Connect with the interviewer – genuinely h) Be aware of the current issues

Skills: Case Solving Ability, Case Analysis
College Name: Indian School Of Business (ISB)

KPMG India Interview FAQs

How many rounds are there in KPMG India KYC Analyst interview?
KPMG India interview process usually has 2-3 rounds. The most common rounds in the KPMG India interview process are Aptitude Test, One-on-one Round and Resume Shortlist.
How to prepare for KPMG India KYC Analyst interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at KPMG India. The most common topics and skills that interviewers at KPMG India expect are KYC, Aml, Due Diligence, Anti Money Laundering and Jasper Reports.
What are the top questions asked in KPMG India KYC Analyst interview?

Some of the top questions asked at the KPMG India KYC Analyst interview -

  1. 7. What is PEP? 8. Are only politicallly exposed person a threat or are there ...read more
  2. 4. What is AML? 5. Difference between CDD and EDD 6. What is the meaning of Due...read more
  3. What is sanctions and sanction screeni...read more

Tell us how to improve this page.

KPMG India KYC Analyst Interview Process

based on 8 interviews

3 Interview rounds

  • Aptitude Test Round
  • One-on-one Round - 1
  • One-on-one Round - 2
View more

KYC Analyst Interview Questions from Similar Companies

View all
KPMG India KYC Analyst Salary
based on 267 salaries
₹2 L/yr - ₹6.4 L/yr
5% less than the average KYC Analyst Salary in India
View more details

KPMG India KYC Analyst Reviews and Ratings

based on 46 reviews

2.9/5

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3.0

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2.3

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2.9

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2.6

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2.6

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2.4

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