30+ ANZ Banking Group Interview Questions and Answers

Banks earn money through various sources such as interest on loans, fees, investments, and trading.

• Interest on loans

• Fees (e.g. account maintenance fees, ATM fees, overdraft fees)

• Investments (e.g. stocks, bonds, mutual funds)

• Trading (e.g. foreign exchange, commodities)

• Credit card interest and fees

Answering questions on WAF usage, bank hacking, access exceptions, IAM, database security, encryption, SAML, SSO, CI/CD security, and cloud migration best practices.

• WAF usage: Implement WAF to protect against web attacks.

• Bank hacking: Cannot provide information on illegal activities.

• Access exceptions: Grant exceptions only when necessary and with proper authorization.

• IAM: Implement IAM to manage user access and permissions.

• Database security: Use encryption, access controls, a...read more

Before providing a loan, I check the customer's credit score, income, employment history, debt-to-income ratio, and collateral.

• Credit score

• Income

• Employment history

• Debt-to-income ratio

• Collateral

5c's of credit are the key factors that lenders consider before granting a loan.

• Character - borrower's credit history and reputation

• Capacity - borrower's ability to repay the loan

• Capital - borrower's assets and net worth

• Collateral - assets pledged as security for the loan

• Conditions - economic and industry factors that may affect the borrower's ability to repay

ANZ differentiates itself through its focus on customer experience, innovation, and sustainability.

• ANZ has a strong focus on customer experience, with initiatives such as their 'MoneyMinded' financial education program

• ANZ is committed to innovation, with investments in digital banking and partnerships with fintech startups

• ANZ is a leader in sustainability, with a goal to be carbon neutral by 2050 and investments in renewable energy projects

• ANZ has a strong presence in the Asi...read more

Luca Pacioli is considered the father of modern accounting.

• Luca Pacioli was an Italian mathematician and Franciscan friar who wrote the first book on double-entry accounting in 1494.

• He is known for his contributions to the development of accounting as a profession.

• Pacioli's book, Summa de Arithmetica, Geometria, Proportioni et Proportionalita, included a section on bookkeeping that introduced the concept of double-entry accounting.

• Double-entry accounting is a system in which ...read more

Creating a Jenkins Pipeline involves defining stages, steps, and triggers to automate the build process.

• Define stages to break down the build process into smaller tasks

• Specify steps within each stage to execute specific actions like compiling code, running tests, and deploying

• Set up triggers to automatically start the pipeline based on events like code commits or scheduled times

• Use Jenkinsfile to define the pipeline as code for version control and reproducibility

Factors considered include financial history, income stability, debt-to-income ratio, credit score, and collateral.

• Financial history of the borrower

• Income stability and source of income

• Debt-to-income ratio

• Credit score of the borrower

• Collateral provided by the borrower

The risk of the balloon popping outweighs the reward of tapping it for money.

• The risk of losing everything by the balloon popping is too high

• The potential reward of getting money for each tap is not worth the risk

• It is a game of chance where the odds are not in your favor

I am an avid traveler and have visited over 20 countries

• I love experiencing new cultures and trying new foods

• I have backpacked through Europe and Asia

• I have volunteered at a school in Cambodia

• I am currently planning a trip to South America

Lending process involves the steps taken by financial institutions to evaluate, approve, and disburse loans to borrowers.

• Borrower submits loan application with required documents

• Financial institution evaluates borrower's creditworthiness

• Loan is approved or denied based on evaluation

• If approved, terms and conditions are set including interest rate and repayment schedule

• Funds are disbursed to borrower

The Australian market refers to the financial market in Australia where securities are bought and sold.

• The Australian market includes the Australian Securities Exchange (ASX) where stocks, bonds, and other securities are traded.

• It is influenced by factors such as the country's economic performance, government policies, and global market trends.

• Key industries in the Australian market include mining, finance, healthcare, and technology.

• Companies listed on the ASX include BHP Gr...read more

The 5 Cs of credit are character, capacity, capital, collateral, and conditions. EMI calculations involve determining monthly payments.

• The 5 Cs of credit are important factors considered by lenders when evaluating a borrower's creditworthiness.

• Character refers to the borrower's reputation and credit history.

• Capacity refers to the borrower's ability to repay the loan.

• Capital refers to the borrower's assets and net worth.

• Collateral refers to assets that can be used as security ...read more

I am very proficient in emails and have excellent communication skills.

• I have strong written communication skills and can effectively convey information through emails.

• I am proficient in using email platforms and can navigate through different features and functions.

• I am skilled in drafting professional and concise emails that are clear and easy to understand.

• I have experience in managing email correspondence with clients and colleagues, ensuring timely responses and addressi...read more

As a loan officer, I would assess the creditworthiness of applicants and make decisions on loan approvals.

• Review applicant's credit history, income, and debt-to-income ratio

• Evaluate collateral if applicable

• Consider the purpose of the loan and the applicant's ability to repay

• Communicate loan terms and conditions to the applicant

• Make a decision on loan approval or denial

The impact of social media on mental health

• Social media can contribute to feelings of inadequacy and low self-esteem

• Excessive use of social media can lead to anxiety and depression

• Comparison to others on social media can negatively impact mental health

• Cyberbullying on social media platforms can have serious consequences

• However, social media can also provide support and connection for those struggling with mental health issues

Topic: Importance of Time Management

• Time management is crucial for personal and professional success

• Effective time management leads to increased productivity and reduced stress

• Prioritizing tasks, setting goals, and avoiding procrastination are key aspects of time management

• Examples of time management tools include calendars, to-do lists, and time tracking apps

The 5 Cs of credit are character, capacity, capital, collateral, and conditions.

• Character refers to the borrower's credit history and reputation.

• Capacity refers to the borrower's ability to repay the loan based on income and expenses.

• Capital refers to the borrower's assets and net worth.

• Collateral refers to assets that can be used as security for the loan.

• Conditions refer to the purpose of the loan and economic conditions that may affect the borrower's ability to repay.

The 4 C's of credit are character, capacity, capital, and collateral.

• Character refers to the borrower's credit history and reputation for repaying debts.

• Capacity assesses the borrower's ability to repay the loan based on income and existing debts.

• Capital evaluates the borrower's financial reserves and assets.

• Collateral is the borrower's assets that can be used as security for the loan.

Writing a letter to a customer

• Start with a friendly greeting

• Address the reason for the letter

• Provide any necessary information or updates

• End with a thank you and invitation for further communication

• Use a professional tone throughout

Node.js uses event-driven architecture where events trigger callbacks to handle asynchronous operations.

• Node.js uses event loop to handle asynchronous operations efficiently

• Events are emitted by various objects in Node.js like HTTP servers, file system, etc.

• Callbacks are registered to handle events and execute code when events occur

Use distributed computing framework like Apache Spark to efficiently load and transform the large CSV file.

• Use Apache Spark to distribute the workload across multiple nodes for faster processing.

• Utilize Spark's DataFrame API to read the CSV file and apply transformations.

• Consider partitioning the data to optimize performance.

• Use Spark SQL for complex transformations and aggregations.

• Leverage in-memory processing capabilities of Spark for faster data processing.

EMI can be calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

• EMI stands for Equated Monthly Installment

• P is the principal amount borrowed

• R is the rate of interest per month

• N is the number of months for repayment

• Example: If P = 1,00,000, R = 10% per annum, N = 12 months, then EMI = Rs. 8,792

Currently working on developing a new software for data analysis

• Designing the user interface for the software

• Implementing algorithms for data processing

• Testing and debugging the software

• Collaborating with team members to ensure project completion

Banking is a financial institution that provides various services such as deposits, loans, and investments.

• Banks accept deposits from customers and provide interest on those deposits.

• Banks offer loans to individuals and businesses for various purposes.

• Banks facilitate transactions such as wire transfers, bill payments, and issuing credit/debit cards.

• Banks provide investment services like wealth management, mutual funds, and retirement accounts.

Apology letter to the customer

• Acknowledge the mistake or issue that occurred

• Express genuine remorse and apologize for any inconvenience caused

• Assure the customer that steps are being taken to prevent similar issues in the future

• Offer a solution or compensation if applicable

• Thank the customer for their understanding and continued support

The 5 C's of credit are character, capacity, capital, collateral, and conditions.

• Character refers to the borrower's credit history and reputation.

• Capacity refers to the borrower's ability to repay the loan.

• Capital refers to the borrower's financial resources and assets.

• Collateral refers to the assets that can be used as security for the loan.

• Conditions refer to the economic and industry factors that may affect the borrower's ability to repay the loan.

Look for suspicious sender, check for spelling errors, verify links before clicking

• Check the sender's email address for any suspicious or unfamiliar domains

• Look for spelling and grammatical errors in the email content

• Hover over links to see the actual URL before clicking on them

• Be cautious of urgent or threatening language in the email

• Avoid downloading attachments from unknown senders

MT103 is a payment message used for international funds transfer, while MT202 is a financial institution transfer message.

• MT103 is used for customer payments, while MT202 is used for financial institution transfers.

• MT103 contains details of the sender, receiver, and amount to be transferred, while MT202 is used to instruct the movement of funds between financial institutions.

• MT103 is sent directly to the beneficiary bank, while MT202 is used for intermediary banks to facilita...read more

Swift is a programming language developed by Apple for iOS, macOS, watchOS, and tvOS development.

• Developed by Apple

• Used for iOS, macOS, watchOS, and tvOS development

• Modern, fast, and safe language

3-tier architecture is a client-server architecture with three separate logical layers: presentation, application, and data.

• Three separate layers: presentation, application, and data

• Presentation layer: user interface for interaction

• Application layer: business logic and processing

• Data layer: storage and retrieval of data

• Each layer communicates with the layer above and below it

Encryption in S3 using SSL/TLS ensures data security during transit.

• SSL/TLS encryption can be enabled for data in transit to and from Amazon S3

• This encryption helps protect data from unauthorized access during transmission

• SSL/TLS encryption can be enforced by configuring S3 bucket policies or using AWS Key Management Service (KMS)

• Example: Enabling SSL/TLS encryption for S3 buckets using AWS KMS

• Example: Configuring bucket policies to enforce SSL/TLS encryption