BNY QA Analyst Interview Questions and Answers

The 2008 financial crisis was caused by a combination of factors including subprime mortgages, risky investments, and lack of regulation.

• Subprime mortgages were given to borrowers who were not creditworthy and could not afford to repay the loans.

• These mortgages were then bundled together and sold as securities to investors, who were not aware of the high risk involved.

• Investment banks also made risky investments and us...read more

Option pricing involves calculating the value of an option based on various factors.

• The current price of the underlying asset is a key factor in option pricing.

• Volatility of the underlying asset also plays a significant role.

• Time to expiration, interest rates, and strike price are other important factors.

• Various models such as Black-Scholes and binomial models are used to price options.

• Option pricing can be complex and...read more

Duration is the length of time something takes to complete.

• Duration can be measured in seconds, minutes, hours, days, etc.

• It is often used to describe the length of a movie, song, or event.

• In project management, duration refers to the amount of time a task or project will take to complete.

• Duration can also refer to the length of time a medical treatment or medication should be taken.

• It is important to consider duration...read more

Duration will be greater for a fixed rate bond.

• Fixed rate bonds have a longer duration than floating rate bonds.

• Duration is the measure of a bond's sensitivity to interest rate changes.

• Fixed rate bonds have a fixed interest rate, so their duration is longer as they are more sensitive to interest rate changes.

In two years, I envision myself as a skilled Associate, contributing significantly to projects and leading initiatives within the team.

• Professional Growth: I aim to enhance my skills through continuous learning, such as attending workshops and obtaining relevant certifications.

• Leadership Opportunities: I hope to take on more responsibilities, possibly leading small projects or mentoring new team members to foster colla...read more

In my previous role, I faced a high-pressure project deadline that required quick thinking and effective teamwork to succeed.

• Tight Deadline: We had a project due in one week that typically required a month of work, necessitating immediate prioritization of tasks.

• Team Collaboration: I organized daily stand-up meetings to ensure everyone was aligned on their responsibilities and progress.

• Resource Allocation: I identified...read more

Mitigate credit risk by diversifying portfolio, setting credit limits, and monitoring creditworthiness.

• Diversify portfolio to spread risk across different industries and companies.

• Set credit limits based on the borrower's creditworthiness and ability to repay.

• Monitor creditworthiness of borrowers regularly to identify potential risks and take necessary actions.

• Use credit insurance or guarantees to protect against defau...read more

Both data quality and timeliness are important, but it depends on the specific use case.

• Data quality is crucial for decision-making and analysis, as inaccurate data can lead to incorrect conclusions.

• Timeliness is important for real-time decision-making and time-sensitive operations.

• In some cases, data quality may be more important, such as in medical research where accuracy is critical.

• In other cases, timeliness may be...read more

Markets offer dynamic and challenging environments that require constant adaptation and innovation.

• Markets provide opportunities for growth and expansion

• Competition in markets drives innovation and efficiency

• Markets offer diverse career paths and opportunities for personal development

Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.

• Built a full-stack web application using React and Node.js

• Implemented user authentication and authorization using JSON Web Tokens (JWT)

• Used MongoDB as the database and Mongoose as the ODM

• Implemented real-time updates using Socket.IO

• Deployed the application on Heroku

• Handled errors and implemented log...read more

Big data refers to large and complex data sets that cannot be processed using traditional data processing methods.

• Big data is characterized by its volume, velocity, and variety

• It is used in various industries such as healthcare, finance, and retail

• Examples of big data include social media data, sensor data, and transactional data

• It is called 'big' because it involves processing massive amounts of data

• Big data requires ...read more

I am passionate about technology and eager to learn new skills in the IT sector.

• I have always had a keen interest in technology and enjoy working with computers.

• I believe the IT sector offers more opportunities for growth and advancement in my career.

• I have seen the impact of technology on various industries and want to be a part of that innovation.

• I have taken courses in programming and networking to prepare myself fo...read more

To find the product of all data points using SelectSum(), log(), and exp() functions.

• Use the log() function to convert the product into a sum of logarithms

• Apply the SelectSum() function to calculate the sum of logarithms

• Finally, use the exp() function to convert the sum back into the product

As the CEO, I would select the candidate based on their qualifications and skills, regardless of their background or personal characteristics.

• I would focus on the qualifications, skills, and experience of each candidate.

• I would consider their ability to contribute to the company's goals and objectives.

• I would ensure a fair and unbiased selection process.

• I would prioritize diversity and inclusion in the workplace.

• I woul...read more