Aon Financial Service Consultant Interview Questions and Answers

Q1. What are common control transactions
Ans. 
Common control transactions are transactions between entities under common control, where one entity has control over the other.
• Common control transactions typically involve the transfer of assets, liabilities, or equity between entities under the same parent company.

• These transactions are not considered arm's length transactions as the entities involved are related.

• Examples of common control transactions include the t...read more
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Q2. What is risk assessment
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Risk assessment is the process of identifying, analyzing, and evaluating potential risks in order to make informed decisions.
• Identifying potential risks that could impact an organization's objectives

• Analyzing the likelihood and impact of each risk

• Evaluating the overall risk exposure and determining appropriate risk mitigation strategies

• Risk assessment helps in making informed decisions and prioritizing resources

• Example...read more
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Q1. Can you explain your current professional profile?
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Q2. Salary exceptions
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Q1. What are options
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Q1. How do you handle escalations?
Ans. 
I handle escalations by remaining calm, listening actively, identifying the root cause, proposing solutions, and following up to ensure resolution.
• Remain calm and composed when dealing with escalated situations

• Listen actively to understand the concerns and perspectives of all parties involved

• Identify the root cause of the escalation to address the underlying issue

• Propose solutions or alternatives to resolve the escalat...read more
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Q2. How important is this job to you?
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Good but a tricky one

Q1. Self introduction
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Q2. Education background
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Q1. Where do you see your self in 5 years
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Q1. Why do you want this role
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Q1. I gave interview for International Trust and estates, in the wealth management dept. The roles was for preparing FS. They asked basic accounting concepts, previous experience. Why should we hire you.
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Q1. What is derivatives and its types
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Types of derivatives include futures contracts, options, swaps, and forwards.

• Derivatives can be used for hedging against risk, speculation, or arbitrage.

• Examples of derivatives include stock options, commodity futures, interest rate swaps, and currency forwards.
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