BNY Intermediate Representative Interview Questions, Process, and Tips

Q1. About my previous experience
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Q1. Salary and experience
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Q1. Basics about Financial markets
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Q2. Related to the previous experience
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General, aptitude testing the candidates banking operations knowledge

Q1. Swift meaning and custodian /definition meaning
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Swift is a messaging network used for secure and efficient financial transactions. A custodian is a financial institution that holds and safeguards assets for clients.
• Swift is a messaging network used by banks and financial institutions to securely and quickly send information and instructions for financial transactions.

• Custodian refers to a financial institution or entity that holds and safeguards assets on behalf of ...read more
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Q2. About bny and its operations
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Compensation structure, do

It was little tough but tried twice to crack it

Q1. Tell about yourself
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I am a dedicated and experienced professional with a strong background in customer service and problem-solving.
• Over 5 years of experience in customer service roles

• Skilled in resolving customer complaints and issues effectively

• Strong communication and interpersonal skills

• Proven track record of meeting and exceeding performance targets

• Bachelor's degree in Business Administration
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Q2. Why your changing offz
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I am changing roles to seek new challenges and opportunities for growth.
• Seeking new challenges and opportunities for personal and professional growth

• Wanting to expand skill set and knowledge in a different role

• Exploring different career paths to find the best fit

• Looking for a change in environment or company culture

• Seeking better work-life balance or job satisfaction
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Q1. Percentage of 21
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Percentage of 21 is calculated by multiplying 21 by the percentage value and dividing by 100.
• To find 10% of 21, multiply 21 by 0.10 (or 10/100) which equals 2.1

• To find 50% of 21, multiply 21 by 0.50 (or 50/100) which equals 10.5

• To find 75% of 21, multiply 21 by 0.75 (or 75/100) which equals 15.75
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Q2. What is Mutual funds
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Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent a portion of the holdings in the fund.

• Mutual funds offer diversification, liquidity, and professiona...read more
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Q1. Basic knowledge on financial market and self introduction
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Q2. Explain me the trade life cycle
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The trade life cycle refers to the stages involved in a trade from initiation to settlement.
• Initiation: Trade is proposed and agreed upon by parties involved.

• Execution: Trade is executed on the agreed terms.

• Confirmation: Parties confirm the details of the trade.

• Clearing: Trade details are sent to clearing house for validation.

• Settlement: Actual exchange of funds and securities takes place.

• Post-trade processing: Reconci...read more
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Q3. Tell me something about financial markets
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Financial markets are platforms where buyers and sellers trade financial assets such as stocks, bonds, commodities, and currencies.
• Financial markets provide liquidity for investors to buy and sell assets.

• They can be categorized into primary markets (newly issued securities) and secondary markets (existing securities).

• Examples include stock exchanges like the NYSE and NASDAQ, bond markets, and foreign exchange markets.

• M...read more
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Q1. Questions on derivatives
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Q2. Tell me something about equity markets
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Equity markets are where shares of publicly traded companies are bought and sold.
• Equity markets provide a platform for companies to raise capital by selling shares to investors.

• Investors can buy and sell shares of publicly traded companies through stock exchanges like NYSE and NASDAQ.

• Prices of shares in equity markets are determined by supply and demand, as well as company performance and economic factors.
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Basically based on Financial/capital markets and product's and there defination, use of the product, and overall information regarding the product.

Q1. 1. Explain fund accounting work flow. 2. NAV calculation 3. NAV impacts 4. Journal ledger entries 5. Effects entries 6. Impacts of posting 7. Double entry posting impacts 8. Expenses accruals
Ans. 
Fund accounting work flow involves NAV calculation, journal ledger entries, effects entries, and expenses accruals.
• Fund accounting work flow is the process of managing and recording financial transactions for investment funds.

• NAV calculation is the process of determining the net asset value of a fund, which represents the value of each share or unit.

• NAV impacts refer to the changes in the net asset value due to various...read more
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