BNY Associate Interview Questions, Process, and Tips

Hacker rank test for Java programming codes

Q1. Java Spring boot annotations
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Q2. Java basics question
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General aptitude questions

Q1. What you will do if fund accounting delays the backups to prepare the financials.?
Ans. 
I would prioritize the backups to ensure data integrity and work with fund accounting to find a solution.
• Communicate with fund accounting to understand the reason for the delay

• Prioritize critical backups to ensure data integrity

• Work with the team to find a solution that minimizes delays in preparing financials
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Few questions about process

Q1. About experience
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Q2. Other details experience
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Q1. Previous process questionnaire
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Q2. Relocation details
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Q1. What is Credit enhancement
Ans. 
Credit enhancement is a strategy used to improve the credit rating of a borrower or a particular debt instrument.
• Credit enhancement can involve various methods such as guarantees, insurance, collateral, or letters of credit.

• It helps reduce the risk for lenders and investors, making the debt instrument more attractive.

• Examples include mortgage insurance for home loans and bond insurance for municipal bonds.
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Q2. Why investors invest in more risky tranche
Ans. 
Investors may invest in more risky tranches for higher potential returns.
• Higher risk tranches typically offer higher potential returns to compensate for the increased risk

• Investors with higher risk tolerance may be willing to invest in riskier tranches

• Diversification strategy may involve investing in a mix of tranches with varying levels of risk

• Investors may believe in the underlying assets' performance and are willing
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