Job Description:

Sanctioned Countries & Risk Countries
Which countries are currently under sanctions by the U.S., EU, or UN?
Answer: Countries like North Korea, Iran, Sudan, Russia, Ukraine, Serbia, Iraq are under sanctions. It's crucial for financial institutions to monitor and block transactions with entities from these countries.
What are the consequences for a financial institution if they fail to comply with sanctions?
Answer: Non-compliance can result in heavy fines, reputational damage, and even legal action. Financial institutions must implement robust sanctions screening processes.
How do you ensure transactions are not conducted with individuals or entities from sanctioned countries?
Answer: By utilizing sanction screening tools and databases like OFAC and the EU sanctions list, transactions are automatically checked, and any matches are flagged for further review.

Fraud Detection
What is an account takeover, and how can it be detected?
Answer: Account takeover occurs when a fraudster gains unauthorized access to a user's account.



It can be detected through unusual login behavior, changes in account details, and irregular activity patterns.
What are the differences between phishing and account takeover?
Answer: Phishing involves tricking the user into providing personal information, while an account takeover occurs when the attacker uses stolen information to access and control an account.
What steps would you take if you detect a suspicious transaction related to fraud?
Answer: Immediate reporting to the compliance team, flagging the transaction, conducting an investigation, and filing a SAR (Suspicious Activity Report) if necessary.

AML (Anti-Money Laundering) & KYC (Know Your Customer)
What is the importance of KYC in financial institutions?
Answer: KYC helps verify the identity of clients, ensuring compliance with legal regulations and reducing the risk of fraud, money laundering, and terrorist financing.
What is the di

📌 App Senior Associate Bengaluru (India)
🏢 The Job Factory
📍 India