BNY Senior Process Associate Interview Questions and Answers

Q1. What is transaction monitoring
Ans. 
Transaction monitoring is the process of reviewing and analyzing transactions to detect suspicious activity or compliance violations.
• Monitoring financial transactions for signs of money laundering or fraud

• Identifying unusual patterns or behaviors in transactions

• Ensuring compliance with regulations and policies

• Using software tools to automate the monitoring process

• Taking action on flagged transactions, such as investiga
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Q2. What is SAR and explain about outgoing wires
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SAR stands for Suspicious Activity Report. Outgoing wires refer to electronic transfers of funds from one account to another.
• SAR is a report filed by financial institutions to report suspicious activities that may indicate money laundering or other illegal activities.

• Outgoing wires are electronic transfers of funds initiated by a customer to send money to another account.

• Financial institutions monitor outgoing wires to...read more
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Q1. Accounting questions
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Q2. General questions
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Q1. Give an example of good customer service.
Ans. 
A good example of customer service is when a representative goes above and beyond to resolve a customer's issue with empathy and efficiency.
• Listening actively to the customer's concerns

• Offering personalized solutions

• Following up to ensure satisfaction
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Q2. Give an example of bad customer service.
Ans. 
Being ignored by a customer service representative when seeking assistance.
• Long wait times on hold without any updates or assistance

• Rude or dismissive behavior from customer service representatives

• Lack of follow-up or resolution to customer inquiries or complaints
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Q3. Give an instance of managing a difficult situation in your life and you handled it successfully.
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Q4. Give an example of your biggest regret so far.
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Q1. Reasons for choosing this company.
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Q2. Reasons for gap in career.
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Q1. What was your experience
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Logical reasoning, quantitative aptitude, capital and money market, behavioural questions, investment banking, corporate Banking, mutual funds

Q1. What is derivative and types? What is mutual funds, what is NAV with formula, ratios, pg detailed projects ( what methods used,formula used,), about internships( what suggestions given, what did you learn)
Ans. 
Derivatives are financial contracts that derive their value from an underlying asset. Mutual funds are investment vehicles that pool money from multiple investors to invest in securities.
• Types of derivatives include futures, options, swaps, and forwards.

• NAV (Net Asset Value) is the value of a mutual fund's assets minus its liabilities, divided by the number of outstanding shares.

• Ratios used in mutual fund analysis incl...read more
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Q1. Why do you want to work in BNP Paribas? What do you know about investment banking, few situational questions,few work life questions, about futures, forwards? Why do we want to hire you?
Ans. 
I want to work in BNP Paribas because of its reputation in the investment banking industry and the opportunities it offers for career growth.
• I am attracted to BNP Paribas because of its strong reputation in the investment banking industry.

• I am impressed by the company's global presence and its commitment to providing innovative financial solutions.

• I believe working at BNP Paribas will provide me with valuable experienc...read more
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