BNY Interview Questions, Process, and Tips

Q1. Basic about the resume
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer
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
Answered by AI
Add your answer

Q1. What is Defect Life Cycle?
Ans. 
Defect Life Cycle is the process of identifying, reporting, fixing, retesting, and closing software defects.
• Defect identification: Finding and documenting the issue in the software.

• Defect reporting: Informing the development team about the identified defect.

• Defect fixing: Developers resolve the reported defect.

• Defect retesting: QA team verifies if the defect is fixed correctly.

• Defect closing: Once the defect is confirm
Answered by AI
Add your answer
Q2. What are different type of waits in Selenium?
Ans. 
Different types of waits in Selenium include Implicit Wait, Explicit Wait, Fluent Wait, and Page Load Timeout.
• Implicit Wait: Waits for a certain amount of time before throwing a No Such Element Exception.

• Explicit Wait: Waits for a certain condition to occur before proceeding further in the code.

• Fluent Wait: Waits for a condition to be true with a specified polling frequency.

• Page Load Timeout: Waits for the entire page
Answered by AI
View 1 more answer
Q3. Tell logic to select first characters of each word in a given string sentence.
Ans. 
Use a loop to iterate through each word in the string and extract the first character of each word.
• Split the string into an array of words using a space as the delimiter

• Iterate through each word in the array and extract the first character of each word

• Store the first characters in a new array
Answered by AI
Add your answer
Q4. Write a program to reverse a number.
Ans. 
Program to reverse a number
• Convert the number to a string to easily manipulate each digit

• Iterate through the string in reverse order and append each digit to a new string

• Convert the reversed string back to an integer
Answered by AI
Add your answer

Q1. What is strucured Finance
Ans. 
Structured finance is a complex financial instrument that involves pooling and repackaging of cash flow-generating assets into securities.
• Involves pooling and repackaging of cash flow-generating assets

• Securities are created from these assets

• Used to create customized financing solutions for specific needs

• Common examples include collateralized debt obligations (CDOs) and mortgage-backed securities (MBS)
Answered by AI
Add your answer
Q2. Where do you see youself in give years
Add your answer

It was easy with basic financial background questions

Q1. Difference between TWRR and MWRR
Ans. 
TWRR measures the compound rate of return over multiple sub-periods, while MWRR measures the rate of return over a single period.
• TWRR considers the impact of cash flows during the investment period, while MWRR does not.

• TWRR is more suitable for evaluating the performance of a portfolio over time, while MWRR is more suitable for evaluating the performance of a single investment.

• TWRR is also known as the time-weighted ra...read more
Answered by AI
View 1 more answer
Q2. Does TWRR use cashflows
Ans. 
Yes, TWRR does use cashflows to calculate investment performance.
• Time-Weighted Rate of Return (TWRR) takes into account the impact of cashflows on investment performance.

• Cashflows are factored in to accurately measure the return on investment over time.

• TWRR is commonly used in the finance industry to evaluate the performance of investment portfolios.

• For example, if an investor adds or withdraws funds from their portfol...read more
Answered by AI
Add your answer
Q3. What is attribution
Ans. 
Attribution is the process of identifying and assigning credit to various touchpoints in a customer's journey that led to a desired outcome.
• Attribution helps businesses understand the effectiveness of different marketing channels and campaigns.

• Common attribution models include first touch, last touch, linear, and U-shaped.

• Example: If a customer sees an ad on social media, then clicks on a Google ad, and finally makes a...read more
Answered by AI
Add your answer
Q4. How do you load instruments information
Ans. 
Instruments information is loaded by extracting data from various sources and importing it into a centralized database.
• Extract data from external sources such as spreadsheets, databases, APIs, etc.

• Transform the data into a standardized format suitable for the database.

• Load the transformed data into the database using ETL tools or scripts.

• Verify the accuracy and completeness of the loaded information.

• Update the database...read more
Answered by AI
Add your answer
Q5. Which is better TWRR or MWRR and why
Ans. 
TWRR is better for measuring the performance of a portfolio over time, while MWRR is better for comparing the performance of different portfolios.
• TWRR (Time-Weighted Rate of Return) is better for evaluating the performance of a portfolio over time as it eliminates the impact of external cash flows.

• MWRR (Money-Weighted Rate of Return) is better for comparing the performance of different portfolios or investment options ...read more
Answered by AI
Add your answer