BNY Interview Questions, Process, and Tips

Q1. About my pervious experience
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Q1. About my previous work
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Q1. Types of Corporate Acton's
Ans. 
Types of corporate actions include dividends, mergers, acquisitions, stock splits, and spin-offs.
• Dividends: Payments made by a corporation to its shareholders

• Mergers: Combination of two companies to form a new entity

• Acquisitions: One company purchasing another company

• Stock Splits: Division of existing shares into multiple shares

• Spin-offs: Creation of a new independent company through the sale or distribution of existin
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Q2. Golden Rules of accounting
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Golden Rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three Golden Rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified.

• For example, when a company receives cash from a...read more
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Q3. Bonds Derivatives, options
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Based on Basic market knowledge

Q1. What is Mutual fund
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Mutual fund is a type of investment vehicle consisting of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.
• Mutual funds are managed by professional fund managers who invest the pool of funds into various securities.

• Investors in a mutual fund share the profits and losses of the fund in proportion to their investment...read more
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Q2. What is MBS in reconciliation
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MBS in reconciliation stands for Mortgage-Backed Securities in reconciliation, which involves ensuring that the cash flows from mortgage loans match the payments to investors.
• MBS are financial products that are created by pooling together various mortgage loans and selling them to investors.

• Reconciliation in this context involves comparing the cash flows from the underlying mortgage loans with the payments made to MBS ...read more
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Q1. Professional Introduction
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Q2. Detail explanation about current assignent.
Ans. 
My current assignment involves analyzing business processes and identifying areas for improvement.
• Conducting interviews with stakeholders to understand current processes

• Analyzing data to identify bottlenecks and inefficiencies

• Developing recommendations for process improvements

• Collaborating with cross-functional teams to implement changes

• Monitoring and measuring the impact of process improvements
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Q3. Compentency questions
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Q4. Difference between Defect and Bug
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Defect is a deviation from requirements while Bug is a coding error.
• Defect is a problem in the software that does not meet the requirements or specifications.

• Bug is a coding error that causes an unexpected result or behavior in the software.

• Defects are caused by incomplete or incorrect requirements, design flaws, or miscommunication.

• Bugs are caused by mistakes in the code, such as syntax errors or logical errors.

• Defect...read more
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Q1. Detailed explanation about current assignment.
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Q2. Competency questions.
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Q3. Software Development Life Cycle
Ans. 
Software Development Life Cycle (SDLC) is a process followed by software development teams to design, develop, and test high-quality software.
• SDLC consists of several phases including planning, analysis, design, development, testing, deployment, and maintenance.

• Each phase has its own set of activities and deliverables that must be completed before moving on to the next phase.

• SDLC models include Waterfall, Agile, and De...read more
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Q4. Questions around Jira
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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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There were 4 coding problems 1 easy 2 medium and 1 hard and We had to solve them in 90 mins. The platform was hacker rank. Problems were from the array, graph, Dp and hashing

Q1. All sorts of questions are based on your previous experiences and whatever you have mentioned on your resume and a few coding problems.
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Q1. This round was more focused on DSA and other computer subjects problems such as databases, operating systems, and oops.
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Q1. Mainly on approach on different problems and few normal HR question about hobbies, values and etc.
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