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Bank of America Team Lead Interview Questions, Process, and Tips
Top Bank of America Team Lead Interview Questions and Answers
- Q1. What is front to back process of financial controller
- Q2. What data structure you want to use for returning database records and why?
- Q3. What a Product Controller day look like
Bank of America Team Lead Interview Experiences
7 interviews found
Anonymous
(2 Questions)
- Q1. How do you build a web performant app?
- Ans.
To build a web performant app, focus on optimizing code, reducing server requests, using caching, and optimizing images.
Optimize code by minimizing unnecessary functions and variables
Reduce server requests by combining files, using CDNs, and lazy loading
Utilize caching to store data locally and reduce load times
Optimize images by resizing, compressing, and using modern formats like WebP
- Q2. What data structure you want to use for returning database records and why?
- Ans.
I would use an array data structure for returning database records as it allows for easy access and manipulation of individual records.
Arrays provide O(1) access time for individual records, making it efficient for returning database records.
Arrays allow for easy iteration over all records to perform operations such as filtering or sorting.
Arrays can easily be converted to JSON or other data formats for returning to th...
Skills evaluated in this interview
I applied via Campus Placement and was interviewed in Apr 2022. There were 3 interview rounds.
There were 2 question:-
1. array(easy to medium)
2. Graph(easy to medium)
(2 Questions)
- Q1. Q1. Explain joins and their type?
- Ans.
Joins are used to combine data from two or more tables based on a related column.
Inner join returns only the matching rows from both tables
Left join returns all rows from the left table and matching rows from the right table
Right join returns all rows from the right table and matching rows from the left table
Full outer join returns all rows from both tables
Cross join returns the Cartesian product of both tables
- Q2. Q2. what is normalization?
- Ans.
Normalization is the process of organizing data in a database to reduce redundancy and improve data integrity.
Normalization involves breaking down a database into smaller, more manageable tables.
Each table should have a primary key and only contain data that is related to that key.
Normalization helps to prevent data inconsistencies and anomalies.
There are different levels of normalization, with each level building on t...
Interview Preparation Tips
- SQL
Skills evaluated in this interview
Selected
I applied via Approached by Company and was interviewed before Jul 2023. There was 1 interview round.
(1 Question)
- Q1. Conduct a porter 5 forces analysis for XYZ industry
- Ans.
Porter 5 forces analysis for XYZ industry
Threat of new entrants: Consider barriers to entry such as high capital requirements or government regulations
Bargaining power of suppliers: Evaluate the power suppliers have in setting prices and terms
Bargaining power of buyers: Analyze the influence buyers have on prices and quality
Threat of substitute products or services: Identify potential alternatives that could attract cu...
I applied via LinkedIn and was interviewed in May 2022. There was 1 interview round.
(1 Question)
- Q1. Simple and basic question asked
Interview Preparation Tips
Bank of America interview questions for designations
I applied via Recruitment Consulltant and was interviewed in May 2022. There were 2 interview rounds.
(1 Question)
- Q1. Mostly spark question
Interview Preparation Tips
Get interview-ready with Top Bank of America Interview Questions
Selected
I applied via Naukri.com and was interviewed before Mar 2022. There were 3 interview rounds.
(3 Questions)
- Q1. What a Product Controller day look like
- Ans.
A Product Controller's day involves monitoring and analyzing financial data to ensure accurate reporting and compliance.
Reviewing and reconciling trading positions and P&L statements
Analyzing market trends and identifying potential risks
Collaborating with traders, risk managers, and other stakeholders
Preparing financial reports and presentations for senior management
Ensuring compliance with regulatory requirements and ...
- Q2. Products desk trades in
- Q3. How desk makes money
- Ans.
Desk makes money by providing a platform for businesses to manage their customer support operations.
Desk charges businesses a monthly subscription fee based on the number of agents using the platform.
Additional revenue is generated through add-on features such as reporting and analytics tools.
Desk also offers a free trial period to attract new customers and upsell them to paid plans.
The platform's efficiency and effect...
(3 Questions)
- Q1. Latest on ibor transition
- Ans.
The IBOR transition is the shift from Interbank Offered Rates to alternative reference rates.
The transition is a global effort to replace the unreliable IBOR rates with more robust reference rates.
The transition is expected to be completed by the end of 2021.
The new reference rates include the Secured Overnight Financing Rate (SOFR) in the US, the Sterling Overnight Index Average (SONIA) in the UK, and the Tokyo Overni...
- Q2. Basic accounting & excel skills
- Q3. Diff between products you mention
- Ans.
The products mentioned are different in terms of features, target audience, and pricing.
Product A is a high-end luxury item, while Product B is a budget-friendly option.
Product C is designed for professionals, while Product D is geared towards casual users.
Product E has advanced features and customization options, while Product F is more basic and user-friendly.
Product G is a niche product for a specific market, while ...
Interview Preparation Tips
Employee friendly bank, people stay here very long. No firing etc
Team Lead Jobs at Bank of America
Selected
I applied via Referral and was interviewed before Mar 2022. There were 4 interview rounds.
(1 Question)
- Q1. What is front to back process of financial controller
- Ans.
The front to back process of a financial controller involves overseeing financial operations from start to finish.
The process starts with budgeting and forecasting
It then moves on to financial reporting and analysis
The financial controller also manages cash flow and ensures compliance with regulations
They may also be involved in strategic planning and decision-making
The process ends with auditing and risk management
(1 Question)
- Q1. What are 3 accounting rules
- Ans.
Three fundamental accounting principles are the basis for all accounting systems.
The principle of consistency: accounting methods and procedures should be consistent from one period to the next.
The principle of conservatism: accountants should always choose the method that will result in the least amount of net income or the greatest amount of net loss.
The principle of full disclosure: all relevant financial informatio...
(1 Question)
- Q1. Expected Ctc and when can u join
Interview Preparation Tips
Top trending discussions
Interview questions from similar companies
Selected
I applied via Company Website
(3 Questions)
- Q1. Self introduction
- Q2. I'm Laljee Kumar.I have bachalor Degree. "I'm Branch Manager at spandana Sfoorty ltd" "My job is Team leading, which essentially means ..." "I'm very glad to be here" "I'm excited to be a part of this gro...
- Q3. Good Skills. ... Impressive target and 100% Achievements. ..
(1 Question)
- Q1. Self introduction
azhar stark
(2 Questions)
- Q1. About myself and family background briefly
- Q2. Most of the questions were covered based on resume.
(2 Questions)
- Q1. Checking on notice period
- Q2. Requesting to relive earlier from previous company
Selected
I applied via Approached by Company and was interviewed in Apr 2024. There was 1 interview round.
(2 Questions)
- Q1. Hiring manager was late to interview.
- Q2. Do not join such organisations.
Interview Preparation Tips
On reaching upto location as discussed, said he/she hiring manager was not present in office only and he/she hiring manager wanted me to be on time for interview.
While I was waiting around 1.30 hrs and called multiple time he/she manager to confirm about his/her status to venue.
As a result, said manager was in office lately and did not had any courtesy to call back me or quickly attend F2F interview.
I was shocked to see such a behaviour from a private established bank where hiring process is not equipped with proper mechanism and God knows what hr departments are doing.
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Bank of America Interviews By Designations
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Bank of America Team Lead Interview Process
based on 4 interviews
2 Interview rounds
- Resume Shortlist Round
- Technical Round
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Bank of America Team Lead Reviews and Ratings
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Rating in categories
|
Team Lead
2.2k
salaries
|  ₹5.6 L/yr - ₹17 L/yr |
|
Team Developer
1.9k
salaries
| ₹2.4 L/yr - ₹11 L/yr |
|
Assistant Manager
1.9k
salaries
| ₹7 L/yr - ₹26 L/yr |
|
Manager
1k
salaries
| ₹13 L/yr - ₹37 L/yr |
|
Software Engineer
1k
salaries
| ₹6.6 L/yr - ₹27.1 L/yr |
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