BNY Intermediate Client Processing Representative Interview Questions and Answers

Competitive

Was interesting and very tough to crack

Q1. Knowledge and related questions
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Q1. Personal question
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Q2. Situation question
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Online questions based on investment Banking

Q1. None remember specific now
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Q1. Basic about the resume
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Q2. What is reconciliations?
Ans. 
Reconciliations involve comparing financial records to ensure they are accurate and in agreement.
• Reconciliations involve comparing two sets of records to ensure they match

• Common types of reconciliations include bank reconciliations and account reconciliations

• Reconciliations help identify discrepancies and errors in financial records

• Examples include reconciling bank statements with internal records and reconciling accou
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Q3. What is loans? And it types?
Ans. 
Loans are financial agreements where a lender provides money to a borrower, who agrees to repay the loan with interest over a set period of time.
• Loans involve a lender providing money to a borrower, who agrees to repay the loan with interest.

• Types of loans include personal loans, mortgage loans, auto loans, student loans, and business loans.

• Interest rates, repayment terms, and eligibility criteria vary depending on the...read more
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Q4. What is nasdaq will do if security deposite is not working
Ans. 
If security deposit is not working, Nasdaq will take appropriate actions to rectify the issue and ensure the security of the transactions.
• Nasdaq will investigate the issue to determine the root cause of the problem.

• They will communicate with the parties involved to address the issue and find a solution.

• Nasdaq may implement alternative security measures to ensure the safety of transactions.

• If necessary, Nasdaq will esca...read more
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