RELSAFE PRA Consulting Interview Questions and Answers

Q1. What's a AML & screening
Ans. 
AML & screening stands for Anti-Money Laundering and screening is the process of checking individuals or entities against various watchlists to ensure compliance with regulations.
• AML refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

• Screening involves checking individuals or entities against watchlists such as OFAC, PEP, and sanct...read more
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Q1. Journal entries
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Q1. Journal entries
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Q1. Journal entries BRS Accounts finalisation
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Q1. Tell me about yourself
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Q2. Basic introduction & working experience
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Q1. Basic Accounting entries
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Q2. Esop entries, revaluation of foreign currency
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Q3. Gst returns and due dates
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Q4. Deferred, accrual prepaid, outstanding exp
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Q5. Deferred revenue expenditure
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Q6. Tds payment, penalty, returns, due dates
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Q1. How you handle conflict between subordinates
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Q2. Family background, outlook mail writting
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Q3. Working in long hours
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Q4. Resume related details
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Q1. Questions solving related to depreciation, revaluation of foreign asset, balance sheet preparation
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Q2. Family background, past working experience
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Q1. Deferred revenue / expenses , prepaid , Control Accounts , to identify whether Debit or credit balance of items on the balance sheet , I've heard that some people were asked about leases and share based pa...read more
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Q2. Directors round - He'll ask whatever he'd like to know about you.. try to understand you as a person and how are you fit for his company. He again asks some technical questions like the first round.. he al...read more
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Q1. Background and work experience
Ans. Be Confident with your knowledge and keep answering promptly.
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Q1. No questions asked after waited 5 hrs
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Q2. They talked if i want to leave, then leave
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Gave assignment to work on it as per interviewers' instructions.

Q1. Self introduction
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Q2. How am I competent for the post
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Q1. No questions were asked
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Q1. How to handle difficult stakeholders?
Ans. 
Handling difficult stakeholders requires effective communication, active listening, building trust, and managing expectations.
• Establish clear communication channels and set expectations early on

• Actively listen to their concerns and address them in a timely manner

• Build trust through transparency and honesty

• Involve them in decision-making processes to make them feel valued

• Seek common ground and find win-win solutions

• Mana...read more
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Q2. Experience as Business Analyst
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I have 5 years of experience as a Business Analyst in the finance industry.
• Led cross-functional teams to analyze market trends and develop strategic plans

• Performed data analysis to identify opportunities for cost reduction and revenue growth

• Collaborated with stakeholders to gather requirements and create detailed business requirements documents
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Q1. Overview of Projects
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Q2. Documentation used by Business Analyst
Ans. 
Business Analysts use various types of documentation to analyze and communicate business requirements.
• Business requirements documents (BRD)

• Functional requirements documents (FRD)

• Use cases

• User stories

• Process flow diagrams

• Data flow diagrams

• Entity relationship diagrams

• Mockups and wireframes
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