CME Group IT Risk Analyst Interview Questions and Answers

Q1. Process for verifying journal entries
Ans. 
Verification of journal entries involves reviewing supporting documentation, analyzing transactions, and ensuring accuracy.
• Review supporting documentation such as invoices, receipts, and contracts

• Analyze transactions to ensure they are recorded correctly in the appropriate accounts

• Check for accuracy by reconciling balances and verifying calculations

• Perform a detailed review of journal entries for any errors or inconsis...read more
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Q1. Basic details yourself
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Q1. Why data analysis and data science
Ans. 
Data analysis and data science are crucial for extracting valuable insights from large datasets to drive informed decision-making.
• Data analysis and data science help in uncovering patterns and trends within data.

• They enable businesses to make data-driven decisions for improved efficiency and effectiveness.

• These fields also play a vital role in predictive analytics and forecasting.

• Examples include using machine learning...read more
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Q2. Why pgdm in business analytics
Ans. 
PGDM in Business Analytics provides specialized knowledge and skills for analyzing data to drive business decisions.
• Specialized curriculum focusing on data analysis techniques and tools

• Hands-on experience with real-world data sets

• Opportunities for networking with industry professionals

• Career advancement in the field of business analytics
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Q1. Type of Joins, Syntax of Join
Ans. 
Joins are used to combine rows from two or more tables based on a related column between them.
• Types of joins include INNER JOIN, LEFT JOIN, RIGHT JOIN, and FULL JOIN

• Syntax of join: SELECT columns FROM table1 JOIN table2 ON table1.column = table2.column

• Example: SELECT * FROM table1 INNER JOIN table2 ON table1.id = table2.id
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Q1. What is credit default swaps?
Ans. 
Credit default swaps are financial derivatives that allow investors to transfer credit risk.
• Credit default swaps (CDS) are contracts between two parties, where one party agrees to compensate the other party in the event of a default by a third party.

• They are used to hedge against the risk of default on loans or bonds.

• CDS can be bought or sold, and the buyer pays regular premiums to the seller in exchange for protection...read more
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Q2. Explain about money markets?
Ans. 
Money markets are financial markets where short-term borrowing and lending of funds takes place.
• Money markets facilitate the trading of short-term debt securities such as Treasury bills, commercial papers, and certificates of deposit.

• They provide a platform for governments, financial institutions, and corporations to manage their short-term liquidity needs.

• Money market instruments typically have high liquidity and low ...read more
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Q1. API related questions
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Q2. Soap, rest api details
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Q3. XML, Json related questions
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Q4. Prioritisation based questions
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Q5. Case study related questions
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Q1. What is K means
Ans. 
K-means is a popular clustering algorithm used to partition data points into K clusters based on similarity.
• K-means aims to minimize the sum of squared distances between data points and their respective cluster centroids.

• It requires the number of clusters (K) to be specified in advance.

• The algorithm iteratively assigns data points to the nearest cluster centroid and updates the centroids until convergence.

• K-means is se...read more
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Q2. Type 1 and Type 2 error
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Q1. Tel us something about yourselve
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Q1. Outlook is not responding
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Q2. Printer is not printing
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Q3. Information required for assignment of the ticket
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I had been interviewed on the basis of excel test related to advanced excel tecniques.

Q1. I have been interviewed on the basis of alternative assets, finance etc.
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Q2. Tell me about hedge funds
Ans. 
Hedge funds are investment funds that use various strategies to maximize returns for their investors.
• Hedge funds are typically only available to accredited investors due to their complex and risky nature.

• They often use leverage and derivatives to amplify returns, but this also increases the risk of losses.

• Hedge funds charge both a management fee (usually 2%) and a performance fee (usually 20%) based on profits earned.

• S...read more
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