10+ Sarthak Contracts Interview Questions and Answers

The Sarbanes-Oxley Act (SOX) is a US federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

• SOX was introduced in response to accounting scandals such as Enron and WorldCom.

• It requires public companies to establish and maintain internal controls to ensure accurate financial reporting.

• SOX mandates independent audits of financial statements by external auditors.

• It holds CEOs and CFOs personally responsible for the acc...read more

RoTE is a financial metric used to evaluate the profitability of a company's tangible equity.

• RoTE is calculated by dividing net income by average tangible equity.

• It measures how efficiently a company is using its tangible assets to generate profit.

• Planning and budgeting involve setting financial goals, allocating resources, and monitoring performance to achieve desired RoTE.

• For example, a company may set a target RoTE of 15% and adjust its budget and strategies accordingly to...read more

The core values of Barclays are integrity, respect, excellence, and stewardship.

• Integrity: Barclays values honesty, transparency, and ethical behavior in all aspects of its operations.

• Respect: Barclays promotes a culture of diversity, inclusion, and treating everyone with fairness and respect.

• Excellence: Barclays strives for excellence in delivering innovative solutions, exceptional service, and superior performance.

• Stewardship: Barclays is committed to being a responsible an...read more

A Banking Profit and Loss (P&L) statement is a financial document that shows the revenues, expenses, and profits of a bank over a specific period of time.

• It includes details of interest income, fees and commissions, operating expenses, provisions for loan losses, and net income.

• The statement helps in analyzing the financial performance and profitability of the bank.

• It is an essential tool for stakeholders, investors, and regulators to assess the financial health of the bank.

• E...read more

Improving model efficiency involves feature selection, hyperparameter tuning, and ensemble methods.

• Perform feature selection to reduce dimensionality and focus on relevant features

• Optimize hyperparameters using techniques like grid search or random search

• Utilize ensemble methods like bagging or boosting to improve model performance

• Consider using more advanced algorithms like deep learning for complex data patterns

I would listen to their concerns, empathize with them, and offer solutions to resolve their issues.

• Listen actively to their complaints and concerns

• Empathize with their situation and show understanding

• Offer solutions to resolve their issues

• Follow up with them to ensure their satisfaction

Regression is a statistical method to predict continuous outcomes, while classification is used to predict categorical outcomes.

• Regression is used when the target variable is continuous, such as predicting house prices based on features like size and location.

• Classification is used when the target variable is categorical, like predicting whether an email is spam or not based on its content.

• Regression models include linear regression, polynomial regression, and logistic regres...read more

Customer service involves providing assistance and support to customers to ensure their satisfaction and resolve any issues they may have.

• Customer service is about understanding and meeting the needs of customers

• It involves effective communication and active listening to understand customer concerns

• Customer service aims to provide prompt and accurate information or solutions

• It requires empathy and patience to handle difficult or upset customers

• Customer service can be provided...read more

AML's main purpose is to prevent and detect money laundering and terrorist financing.

• Preventing and detecting money laundering

• Preventing and detecting terrorist financing

• Identifying and reporting suspicious activity

• Complying with regulatory requirements

• Protecting the reputation of the institution

• Conducting due diligence on customers and transactions

As an AML Analyst, I would detect and prevent illegal activity by analyzing transactions, conducting investigations, and reporting suspicious activity to authorities.

• Analyze transactions for any suspicious activity

• Conduct investigations to gather evidence

• Report any suspicious activity to authorities

• Stay up-to-date with AML regulations and best practices

• Collaborate with other departments to prevent illegal activity

• Implement and monitor AML policies and procedures

• Use technology...read more

Hyper parameters are settings that are set before the learning process begins and affect the learning process itself.

• Hyper parameters are not learned during the training process, but are set before training begins.

• They control the learning process and impact the performance of the model.

• Examples include learning rate, number of hidden layers, and batch size in neural networks.

CIR ratio stands for Cash Interest Coverage ratio, which measures a company's ability to pay interest expenses with its operating cash flow.

• CIR ratio is calculated by dividing operating cash flow by total interest expenses.

• A higher CIR ratio indicates that a company is more capable of covering its interest expenses with its cash flow.

• A lower CIR ratio may indicate financial distress or an inability to generate enough cash flow to cover interest payments.

Hadoop architecture is a distributed computing framework for processing large data sets across clusters of computers.

• Hadoop consists of HDFS (Hadoop Distributed File System) for storage and MapReduce for processing.

• HDFS divides data into blocks and stores them across multiple nodes in a cluster.

• MapReduce is a programming model for processing large data sets in parallel across a distributed cluster.

• Hadoop also includes YARN (Yet Another Resource Negotiator) for resource manage...read more

Unix commands for permissions

• chmod - change file mode bits

• chown - change file owner and group

• ls - list directory contents with permissions

• umask - set default file permissions

Hadoop is a distributed storage system while Spark is a distributed processing engine.

• Hadoop is primarily used for storing and processing large volumes of data in a distributed environment.

• Spark is designed for fast data processing and can perform in-memory computations, making it faster than Hadoop for certain tasks.

• Hadoop uses MapReduce for processing data, while Spark uses Resilient Distributed Datasets (RDDs) for faster processing.

• Spark is more suitable for real-time proc...read more