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Bank of America Fraud Analyst Interview Questions and Answers

Updated 30 Jan 2025

Bank of America Fraud Analyst Interview Experiences

4 interviews found

Interview experience
4
Good
Difficulty level
Hard
Process Duration
-
Result
Not Selected

I applied via Company Website and was interviewed in Jun 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. What is diff between correlation and covariance
  • Q2. Real life example of standard deviation

Fraud Analyst Interview Questions & Answers

user image Anonymous

posted on 30 Jan 2025

Interview experience
2
Poor
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Coding Test 

Simple SAS and sql questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Same as round 1 and round 2

Fraud Analyst Interview Questions Asked at Other Companies

Q1. What is the difference between customer service and customer Supp ... read more
Q2. What does fraud mean if you have to explain to explain it to a 12 ... read more
Q3. What is the importance of soft skills in customer dealing busines ... read more
asked in Startek
Q4. How many types of join are there? Explain left outer join
asked in Wipro
Q5. What is fraud and different ways on how we can try to stop it

Fraud Analyst Interview Questions & Answers

user image Anonymous

posted on 21 Sep 2024

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Sep 2023. There were 2 interview rounds.

Round 1 - HR 

(3 Questions)

  • Q1. Would you be comfortable with night shifts
  • Ans. 

    Yes, I am comfortable with night shifts as I am able to adapt to different work schedules.

    • I have previous experience working night shifts in a similar role.

    • I am a night owl and perform well during nighttime hours.

    • I understand the importance of being alert and focused during night shifts to detect and prevent fraud effectively.

  • Answered by AI
  • Q2. Tell me about yourself
  • Ans. 

    I am a detail-oriented Fraud Analyst with a strong background in investigating and preventing fraudulent activities.

    • Experienced in analyzing financial data to detect potential fraud patterns

    • Skilled in conducting thorough investigations and collaborating with law enforcement agencies

    • Proficient in using fraud detection software and tools

    • Strong communication skills to present findings and recommendations to stakeholders

  • Answered by AI
  • Q3. What are your short term goals
  • Ans. 

    My short term goal is to enhance my skills in fraud detection and prevention through training and hands-on experience.

    • Complete additional training courses on fraud detection techniques

    • Gain practical experience in analyzing suspicious transactions

    • Collaborate with senior analysts to learn best practices in fraud prevention

  • Answered by AI
Round 2 - Technical 

(1 Question)

  • Q1. Sone questions on my undergrad

Fraud Analyst Interview Questions & Answers

user image priyanka rawat

posted on 13 Oct 2023

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2022. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Difference between credit and debit card
  • Ans. 

    Credit cards allow users to borrow money from the card issuer up to a certain limit, while debit cards are linked to the user's bank account and funds are directly withdrawn from it.

    • Credit cards involve borrowing money from the card issuer, while debit cards use funds directly from the user's bank account

    • Credit cards have a credit limit, while debit cards are limited to the available balance in the linked bank account

    • C...

  • Answered by AI
  • Q2. How does bank earn money
  • Ans. 

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

    • Interest on loans: Banks charge interest on loans provided to customers, generating revenue.

    • Fees for services: Banks charge fees for services such as account maintenance, overdrafts, and wire transfers.

    • Investments: Banks invest in various financial instruments to earn returns, such as stocks, bonds, and real estate.

    • Tr...

  • Answered by AI

Bank of America interview questions for designations

 Analyst

 (7)

 Operations Analyst

 (1)

 Business Analyst

 (1)

 Associate Analyst

 (1)

 Data Analyst

 (1)

 Lead Analyst

 (1)

 Senior Lead Analyst

 (1)

 Technical Analyst

 (1)

Interview questions from similar companies

Interview Questionnaire 

8 Questions

  • Q1. A nimbu paani wala spends all of his daily income on his daily expenditure except only as much as would enable him to conduct equal business on the next day. He now wants to aim at starting to save for the...
  • Ans. 

    Advise the nimbu paani wala on how to start saving for the future.

    • Encourage him to set a savings goal and create a budget to achieve it.

    • Suggest he start small by saving a small percentage of his daily income.

    • Recommend he explore investment options to grow his savings over time.

    • Remind him to continue setting aside enough money for his daily expenses.

    • Provide resources or education on financial literacy to help him make i

  • Answered by AI
  • Q2. An IT sector multinational wants to expand its business into more countries. Suggest a strategy. This was the question given in the VC round by the Partner. It was followed by a lot of numerical and qualit...
  • Ans. 

    To expand into more countries, the IT sector multinational can adopt a market entry strategy that includes market research, partnerships, localization, and scalability.

    • Conduct thorough market research to identify potential countries for expansion

    • Establish strategic partnerships with local companies to leverage their knowledge and networks

    • Adapt products and services to meet the specific needs and preferences of each tar...

  • Answered by AI
  • Q3. An IT sector company wants to increase the number of BPOs in India. Devise a metric that will help it rank cities according to their favourability to host this BPO
  • Ans. 

    A metric to rank Indian cities for BPOs

    • Consider factors like availability of skilled workforce, infrastructure, cost of living, and government policies

    • Weight each factor based on its importance to the company

    • Collect data on each factor for different cities and assign scores

    • Rank cities based on their total score

    • Examples of factors: number of universities, quality of transportation, cost of office space, tax incentives

    • Re...

  • Answered by AI
  • Q4. The supply chain head in an auto company in India is frustrated about manufacturing stopping frequently because of parts not being readily available at the assembly line and comes to you for help. What cou...
  • Ans. 

    The probable reasons for manufacturing stoppages due to parts unavailability in an auto company in India and suggested solutions.

    • Probable reasons: supply chain disruptions, inventory management issues, quality control problems, lack of communication with suppliers

    • Investigate by analyzing historical data, conducting supplier audits, implementing real-time tracking systems

    • Solutions: improve forecasting accuracy, establis...

  • Answered by AI
  • Q5. How many airplanes are flying in the Indian sky at the moment?
  • Ans. 

    The exact number of airplanes flying in the Indian sky at the moment is not available.

    • The number of airplanes flying in the Indian sky changes constantly.

    • It depends on factors such as time of day, weather conditions, and airline schedules.

    • However, on average, there are around 2,000 flights in the Indian airspace at any given time.

    • This number includes both domestic and international flights.

    • The Indian aviation industry ...

  • Answered by AI
  • Q6. How many years will it take the Delhi Metro to break even?
  • Ans. 

    The Delhi Metro is expected to break even in 2025.

    • The Delhi Metro has been expanding rapidly and has seen a steady increase in ridership.

    • The metro has been able to generate revenue through advertising and property development.

    • The government has also provided financial support to the metro.

    • Based on current projections, the Delhi Metro is expected to break even in 2025.

  • Answered by AI
  • Q7. Why not MBA?
  • Q8. Interview-4

Interview Preparation Tips

Round: Interview
Experience: The interviewer also said: "It seems like you are more interested in finance and BCG is only the second option. We don’t like being the second option." All these questions required some delicate handling.

Round: Interview
Experience: This was a sort of stress interview because the interviewer seemed disinterested and dissatisfied with everything i said and kept on demanding for more while impressing that whatever I am coming up with was really of no significance.
Tips: What worked in my favor was I dint get flustered by his attitude, kept smiling and working at the problem objectively. When I would come to the end of one line of thinking and would have no more answers to his “What next” I would frankly tell him that and ask him in return for more suggestions. It resulted in him complimenting my way of thinking at the end and saying that I was one of the best and most practical candidates that he had interviewed that day.

Round: Interview
Experience: 1. Both the above questions were the part of one interview.
2. The interviewer didn't want me to solve the case fully in either instance. He just wanted to see my structure and evaluate my thinking process.

Round: Interview
Experience: Almost all my interviews went well with BCG except the last VC one, because by then I was complete drained out and could hardly think. I also did some minor silly mistakes in a couple of the smaller cases while dealing with numbers, but otherwise everyone seemed to appreciate my structuring of the cases. Some of the interviewers also delved into the HR side frequently.

College Name: IIT KANPUR

Analyst Interview Questions & Answers

Wells Fargo user image SNEHA KUMARI SHARMA

posted on 1 Jun 2017

I was interviewed in Aug 2016.

Interview Questionnaire 

11 Questions

  • Q1. Basics of programming language
  • Q2. Basics of programming language
  • Q3. Microprocessor basics
  • Q4. Logic of traffic light functionality
  • Ans. 

    Traffic lights use a set sequence of colors to control the flow of vehicles and pedestrians.

    • Traffic lights use red, yellow, and green lights to indicate when vehicles and pedestrians should stop, slow down, or go.

    • The sequence of colors is typically red, yellow, green, and then back to red.

    • Different traffic lights may have different timings for each color depending on the traffic flow and pedestrian activity.

    • Traffic lig...

  • Answered by AI
  • Q5. Logic of elevator operation
  • Ans. 

    The logic of elevator operation involves a system of sensors, controls, and algorithms to efficiently transport passengers between floors.

    • Elevators use sensors to detect the presence of passengers and determine their desired floor.

    • Controls process this information and calculate the most efficient route for the elevator to take.

    • Algorithms prioritize elevator assignments based on factors like proximity, floor traffic, an...

  • Answered by AI
  • Q6. Coding on paper.
  • Q7. How was the technical I review experience
  • Q8. How was the technical I review experience
  • Q9. Why wells Fargo?
  • Ans. 

    Wells Fargo is a reputable and established financial institution with a strong track record in the industry.

    • Wells Fargo has a long history dating back to 1852, making it one of the oldest and most established banks in the United States.

    • The company has a strong reputation for providing a wide range of financial services, including banking, investments, and insurance.

    • Wells Fargo has a large network of branches and ATMs, ...

  • Answered by AI
  • Q10. Comments on the moto of the company
  • Q11. General questions related to resume included details.

Interview Preparation Tips

Round: Test
Experience: Computer based Test
Enrollment round
Followed with other test rounds with one minute timer for each question.
Tips: Be quick,still careful.
Time management is the key to score.

Total Questions: 75

Round: Technical Interview
Experience: Computer based Test
Enrollment round
Followed with other test rounds with one minute timer for each question.
Tips: Be quick,still careful.
Time management is the key to score.


Round: Technical Interview
Experience: A general introduction of oneself.Hobbies and inclination towards IT sector job and why wells Fargo followed by different subject knowledge and basics .

Tips: Be confident.
Revise coding basics.
Know your microprocessor basics.
Be frank to say if u are unable to recall an answer at that moment.


College Name: Sikkim Manipal University

Analyst Interview Questions & Answers

HSBC Group user image Prateek Ladha

posted on 3 Feb 2015

Interview Questionnaire 

1 Question

  • Q1. It was HR plus Technical

Interview Preparation Tips

Round: Test
Experience: It was a decent test as normal apti tests but you have to keep little extra knowledge about retail banking and econometrics.
Tips: Just practice well for all aptitude test and boost your speed with accuracy.
Duration: 60 minutes
Total Questions: 40

Round: Group Discussion
Experience: It was a good discussion but in between there was a chaos as number of people in my group was too big(14) as far as GDs are concerned.But overall it was good and everyone whosoever wanted, had put their points.
Tips: Don't fight during GD. Make sure that whenever you get chance you utilize it fully and make a very effective point. Also keep in mind it is a GD so you should be humble to others as well.
Duration: 30 minutes

Round: Technical Interview
Experience: It was a very weird experience.
After get shortlisted from test late in the night, our GD was early in the morning and then followed by interview. And then something really strange happened.I was waiting for my turn since afternoon and I was the last one to be interviewed. When I was called for my turn, all three panel of interviewers came out of their rooms and they announced the result before taking my interview so it was shocking because as par our campus rule you can not straight away declare the results to candidates before the whole process gets over. It shook me and I was very angry at that time but I kept myself calm and turned that anger into a positive way thanks to my friend who were there with me during that time. All I thought was I will get a chance and now I don't have anything to lose so I have to make a better impact on them than the other guys and convince them to increase their selected candidate list. The interview started with general HR questions, why do you want to join us? Why do you think we should hire you? And then they started asking questions over my project which I mentioned in my resume. After that there were few basic probability questions and some analytical puzzles. And during my interview I said I like to play with numbers so they threw me a multiplication 55555*55555 and it took me around 25-30 seconds to do it so I think that was a really effective part of my interview well at last I got selected in HSBC.
Tips: Don't get panic and never lose your calm. Situations can be more worst than what you thought it to be but be confident on yourself. Sooner or later you will be rewarded for your work. Good luck in advance :)

General Tips: Just be yourself and be confident. Be with those who make you feel comfortable. Keep calm and eventually everything will fall in the right place.
Skill Tips: I would say that patience is not a skill but it is as important as any other skill during your interviews. You might encounter some serious situations which might take you on your nerve so be patient.
During your interviews make sure whatever you know you should be able to communicate it well enough otherwise your knowledge is of no use. At the same time ensure that you don't really show off that you know more. If you know more about that problem be humble to the interviewer as discuss or share your thoughts in a very polite manner. And last but not the least is the analytical skills. You might be asked to decode some case or do guesstimates to be prepared for it. Practice it a lot with your friends or else whichever way you like it to be done.
Skills: Analytical skill, Communication, Patience
College Name: IIT KANPUR
Motivation: My only motivation was to get a analytical job which I was targeting. And apart from it there was a reason in my life to get this job and do something for someone very special. So, this keeps me motivated even today.
Funny Moments: The whole placement process right from companies visiting your campus to giving test and getting shortlisted for the interviews was really stressful but when I look back I cherish all those moments where we all friend sat together abusing some bull shit companies their procedure. How we used to run like a wild animal from one test to another one PPT to another. Those late might discussion talking about our future. Those were the lifetime memories, good or bad, which will stay with us always.

Godd luck again for your placements. :)

Analyst Interview Questions & Answers

HSBC Group user image Sumit Sourav

posted on 21 Nov 2016

Interview Questionnaire 

6 Questions

  • Q1. How will you find the top 5 customer of HSBC from the entire world?
  • Ans. 

    Top 5 customers of HSBC can be found by analyzing transaction history and account balances.

    • Analyze transaction history of all HSBC customers worldwide

    • Identify customers with highest transaction volumes and account balances

    • Rank customers based on transaction volumes and account balances

    • Select top 5 customers based on ranking

    • Consider other factors such as creditworthiness and profitability

  • Answered by AI
  • Q2. About Credit Risk Modelling
  • Q3. About my internship (as i have done intern in Data Analytics field)
  • Q4. How to find the no of petrol pump in the city
  • Ans. 

    Use online maps or directories to find the number of petrol pumps in the city.

    • Search for petrol pumps on online maps like Google Maps or MapQuest.

    • Use online directories like Yelp or Yellow Pages to find petrol pumps in the city.

    • Check with local authorities or city websites for a list of petrol pumps in the area.

    • Ask locals or taxi drivers for recommendations on petrol pumps in the city.

  • Answered by AI
  • Q5. Basic HR question( like why HSBC,Strength,Weakness.etc)
  • Q6. One puzzles--How to calculate the average no of person coming to the airport daily?
  • Ans. 

    The average number of people coming to the airport daily can be calculated by taking the total number of people arriving and departing and dividing it by two.

    • Collect data on the number of arrivals and departures for a given period, such as a week or a month.

    • Add the number of arrivals and departures together to get the total number of people coming to the airport.

    • Divide the total number by the number of days in the peri...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: The test was on amcat platform where you can not skip the question and you have to attempt each and every question.the key thing here is accuracy specially in first two section coz in retail banking and econometric will be new for everyone.I am from Industrial Engg and Management(M.tech) so we have some basic idea of Econometrics.
Tips: Maintain the accuracy and try to give few hours in studying the basic of Retail Banking and Econometric, coz these are the two section where u can take the lead. and never forget that this is the mass rejection process

Round: Group Discussion
Experience: Follow the basic rule of GD and try to give valid example with your point.
Tips: Read the Newspaper and be aware of what is happening around.

Round: Technical Interview
Experience: my interview was around 35-40 minutes process in which they as the technical part from my resume
Tips: just be confident and they will try to stress you out.so be calm and compose and try to understand the question properly before start giving your answer
they expect the logic how you attempt the question


Round: HR Interview
Experience: be ready for the puzzles
Tips: The process is going to be time talking so be ready to wait, and dont sound low in the interview coz this is the day u are waiting for your entire life.

Skills:
College Name: NIT Tiruchirappalli

I applied via Campus Placement

Interview Questionnaire 

2 Questions

  • Q1. Why this specific profile? (analyst)
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive strategic decision-making.

    • I have a strong background in data analysis and statistics.

    • I enjoy problem-solving and finding patterns in data.

    • I believe that my analytical skills can add value to the organization by providing actionable insights.

    • I have experience using various analytical tools such as Excel, SQL, and Tableau.

    • I am detail-oriented and thrive

  • Answered by AI
  • Q2. Why finance?
  • Ans. 

    Passion for analyzing data and making informed financial decisions.

    • I have always been fascinated by numbers and analyzing trends.

    • I enjoy the challenge of making sense of complex financial data.

    • I believe finance plays a crucial role in driving business success and growth.

    • I am motivated by the opportunity to help companies make informed financial decisions.

    • I find satisfaction in using data to identify opportunities for i

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: Q: Give me five steps to estimate the number of traffic lights in Bombay.
Me: I will divide the city into equidistant lines, both vertical and horizontal; sort of a mesh. Then I would take vertical and horizontal rectangles i.e. the rectangles which fall on length and breadth of the city. Starting with the horizontal ones I would try to estimate the number of roads going from east to west in each rectangle(depending on the type of area: residential, commercial or a highway) Similarly I would try to estimate the number of roads going from north to south in each vertical rectangle. Now I have the average number of roads per unit length and per unit breadth. Now, I can calculate the average number of roads intersecting per rectangle. Now if I have the data, I can also use the traffic density data to further improve my estimate, i.e. whether the traffic light is required in that rectangle or not.(depending upon the traffic density)
Q: Lets say that golden quadrilateral gets completed tomorrow. What would be its impact on the sales of Ashok Leyland?
Me: Sir, they would increase, as more and more traffic will shift from railways to roadways as the average time taken by road will decrease.
Q: If I say that the sales will decreases by road, the truk will make the same number of trips in less amount of time, thereby rendering overcapacity in the road transport market therefore the sales will decrease.
Me: (I actually didn't let him complete, I interrupted him in between and said that I got the logic)
Tips: Don't try to overstate the facts.

Skills:
Duration: 3
College Name: IIM Lucknow

I applied via Naukri.com and was interviewed before Oct 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. Tell me about yourself
  • Q2. Question realted to final year project
  • Q3. Why Morgan Stanley and what do you know about our company?

Interview Preparation Tips

Interview preparation tips for other job seekers - Read the job description and know the job role as the interview questions are related to it.

Bank of America Interview FAQs

How many rounds are there in Bank of America Fraud Analyst interview?
Bank of America interview process usually has 1-2 rounds. The most common rounds in the Bank of America interview process are Technical, Resume Shortlist and One-on-one Round.
What are the top questions asked in Bank of America Fraud Analyst interview?

Some of the top questions asked at the Bank of America Fraud Analyst interview -

  1. Difference between credit and debit c...read more
  2. How does bank earn mo...read more
  3. What is diff between correlation and covaria...read more

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Bank of America Fraud Analyst Interview Process

based on 4 interviews

Interview experience

4
  
Good
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Bank of America Fraud Analyst Salary
based on 276 salaries
₹2.4 L/yr - ₹5.2 L/yr
7% less than the average Fraud Analyst Salary in India
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4.1/5

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3.8

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4.3

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Salary

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Job security

4.4

Company culture

2.8

Promotions

4.0

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