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Bank of America Manager Interview Questions and Answers
Bank of America Manager Interview Experiences
2 interviews found
Anonymous
I applied via Approached by Company and was interviewed in May 2022. There were 4 interview rounds.
(1 Question)
- Q1. Financial products, Product life Cycle, Regulations in place across the globe
(1 Question)
- Q1. More Technical, Related past job experience
(1 Question)
- Q1. Lob round , more of knowing qualities mentioned in the Cv and how practical you adopt this in real life
Interview Preparation Tips
Akash Mishra
I applied via Referral and was interviewed in Oct 2019. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. 4 rounds of interview ( 2 technical 2 business round) I got selected for fraud strategy profile. Asked Question form base and advance Sas plus statistical modeling.
- Q2. Study Sas interview question in depth in statistics.
Interview Preparation Tips
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I applied via Recruitment Consultant and was interviewed in Nov 2020. There were 3 interview rounds.
Interview Questionnaire
5 Questions
- Q1. Branch size?
- Q2. How many persons report to you?
- Q3. Audit handling, questions related to bcsbi?
- Q4. Z rule of cheque?
- Ans.
Z rule of cheque is a banking practice that requires the drawer to draw a line on the cheque after the amount to prevent any alteration.
Z rule is also known as the 'not negotiable' rule.
It is a security measure to prevent fraud and unauthorized alterations.
The line should be drawn from the end of the amount to the end of the line.
The line can be straight or zigzagged, but it must be continuous.
If the cheque is crossed,...
- Q5. Security features of cheque and currency
- Ans.
Cheques and currency have various security features to prevent counterfeiting and fraud.
Cheques may have watermarks, holograms, or special inks to prevent alteration or duplication.
Currency may have security threads, microprinting, or color-shifting ink to deter counterfeiters.
Both cheques and currency may have serial numbers or other unique identifiers to track authenticity.
Advanced security features like biometric au...
Interview Preparation Tips
You just have to tell them what you do normally in your branch.
I applied via Naukri.com and was interviewed in Nov 2020. There was 1 interview round.
Interview Questionnaire
1 Question
- Q1. Regarding forex
Interview Preparation Tips
I applied via Naukri.com and was interviewed before Jun 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. All about past employment
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed before Aug 2020. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. Couple of process related question
- Q2. If I have trwam handling experience
- Q3. Salary expectation
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed in Dec 2019. There was 1 interview round.
Interview Questionnaire
7 Questions
- Q1. Tell me about your self in description?
- Ans.
Experienced manager with a proven track record in leading teams and achieving results.
10+ years of management experience
Strong leadership and communication skills
Proven ability to motivate and inspire teams
Track record of achieving targets and driving growth
Experience in strategic planning and decision-making
Ability to adapt to changing environments and handle challenges
Excellent problem-solving and decision-making ski...
- Q2. Tell me article 3,17,28 in UCP 600?
- Ans.
Article 3, 17, 28 in UCP 600
Article 3: Examines documents for compliance with terms of credit
Article 17: Bank is not liable for consequences of delay or error in transmission
Article 28: Discrepancies in documents must be notified within 5 banking days
- Q3. What is FDI ,procedure how to settle the fund & why FDI need to report to RBI?
- Ans.
FDI stands for Foreign Direct Investment. It is the process of investing in a foreign country and establishing business operations there.
FDI refers to the investment made by a company or individual from one country into another country.
The procedure to settle the fund involves various steps such as obtaining necessary approvals, opening a bank account, and complying with regulatory requirements.
For example, if a compan...
- Q4. What is EDPMS & IDPMS ?
- Ans.
EDPMS & IDPMS are software systems used in Indian government for monitoring and evaluation of development projects.
EDPMS stands for Electronic Development Project Monitoring System
IDPMS stands for Integrated Development Project Monitoring System
Both systems are used by Indian government for monitoring and evaluation of development projects
EDPMS is used for monitoring centrally sponsored schemes while IDPMS is used for
- Q5. What is BG ,tell me section 28,& countineous clause ?
- Ans.
The question is related to legal terms and refers to BG, Section 28, and continuous clause.
BG stands for 'Bonded Guarantee' which is a type of financial guarantee provided by a bank or insurance company to a contractor.
Section 28 refers to a specific section in the Indian Contract Act, 1872 which deals with the rights and obligations of parties in a contract.
Continuous clause is a legal provision that allows a contract...
- Q6. When we called overdue bill of entry & caution listed shipping bill?
- Ans.
Overdue bill of entry & caution listed shipping bill are called when...
Overdue bill of entry is called when the importer fails to submit the bill of entry within the prescribed time limit.
Caution listed shipping bill is called when the importer fails to pay the customs duty within the prescribed time limit.
Both are called to remind the importer to complete the necessary formalities to clear the goods from customs.
Failu...
- Q7. What is GR waiver
- Ans.
GR waiver is a document that allows a company to import goods without paying customs duty.
GR stands for 'Goods Received'
Waiver is granted by the Reserve Bank of India
It is applicable for goods imported for display or use in trade fairs, exhibitions, etc.
It is also applicable for goods imported for repair or replacement under warranty
GR waiver is not applicable for goods imported for sale or for personal use
Interview Preparation Tips
Ashish Viswananthan
I applied via Walk-in
Interview Questionnaire
6 Questions
- Q1. Personals (tell me about yourself, couple of short questions from resume
- Q2. Lots of personals about why markets (why not consulting too!), why Deutsche etc
- Q3. Couple of puzzles (reasonably simple)
- Q4. Some problems on hedging using futures, FX exposure, credit exposure etc. Interest rates, currencies, some macro gyaan
- Q5. Good no. of questions on subprime crisis (both factual and also interpretation based questions like „What would you do if you were Ben Bernanke and you found out about all this in 2007‟)
- Q6. Couple of questions testing knowledge of capital markets etc („If I were an FII with 100 million dollars, where should I invest it today?‟ etc)
Interview Preparation Tips
Experience: I think they were looking for Analytical ability (more in terms of thought process of approaching a problem), good awareness of financial crisis and general gyaan and willingness to work in markets (i.e. how convincing my reasons were etc). I wasn‟t tested too much on derivatives and puzzles, but I believe a few others had lots of questions in this area.
I think the personals & financial crisis questions went very well, pretty decent with the puzzles too. Started a bit slowly on the problems, but was able to arrive at the solution quickly once I had the hang of the question.
Tips: I prepared pretty well for derivatives & financial crisis. Though my approach was not very quick for the former, this was not a problem because I was not hurried for these questions and they were also seeing how I was approaching the solution. I was well prepared with the personals section – very clear on why I wanted markets, not consulting etc and I think I gave them nearly 6 reasons for Why Deutsche
Round: Technical Interview
Tips: For most banks, and for Deutsche especially, be prepared with personals at three levels (Tell me about yourself etc | Why markets, why not consult / IBD etc | Why Deutsche). I had done my homework by speaking to seniors in this respect and I think
Name
Ashish Viswanathan
Educational Qualification
B. Tech Chemical Engineering, IIT Madras
Workex
Shell Global Solutions (1 year)
Summers Company & Role
Deutsche Bank Global Markets, London Associate
Networth Fin Summers Guide 2010 6 | P a g e
my clarity of thought on these questions clinched it.
Round: Technical Interview
Tips: Make sure you understand what you are preparing in case of derivatives. Don‟t get caught up and confused by the math, learn the basics of why and how the derivatives work
Round: Technical Interview
Tips: Make sure you are well prepared with financial crisis / current affairs / bailout and efforts to fight the crisis. Have an opinion on issues like „Do you think it was right to not bail out Lehman?‟ etc and be prepared to defend your opinion
Skill Tips: Curiosity, “can-do” attitude, Gyaan on derivatives, basic excel skills, willingness to learn in a sometimes chaotic environment
Skills: basic excel skills, Curiosity To Learn
College Name: IIM Bangalore
I applied via Referral
Interview Questionnaire
3 Questions
- Q1. Puzzles
- Q2. Financial Derivatives questions
- Q3. HR questions
Interview Preparation Tips
Experience: I think they were looking for A bit of quant smartness, else mostly culture fit and a strong resume.
Tips: Be calm and confident and honest.
Skills: Finance Basics, Puzzle Solving Capability
College Name: IIM Bangalore
I applied via Recruitment Consultant and was interviewed in Nov 2019. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Na
Interview Preparation Tips
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