Fidelity Investments Major Incident Manager Interview Questions and Answers

Q1. 1. Basic details
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Q1. Basic insurance details
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Q2. 2.Company business
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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. Why do you want to change your current company?
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Q1. Walk me through your resume.
Ans. I am a dynamic and a smart person and my name is Ashish Shaw. I worked in HSBC for 16 years. Currently working as IT analyst serving the global clients. Have worked in Wealth ops and have knowledge of money laundering, kyc, fund transfers and client maintenance.
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Q2. What is your area of weakness and strength?
Ans. Weakness is my hypertension to meet the deadline and strength is to work under pressure.
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Q1. Did not qualify for the second round
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Q2. Did not qualify for the final round
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Q1. About process asset based lending
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Q2. Explain loan lifecycle
Ans. 
Loan lifecycle involves the process from application to repayment of a loan.
• Application: Borrower submits application with required documents.

• Underwriting: Lender evaluates borrower's creditworthiness and risk.

• Approval: Loan is approved or denied based on underwriting.

• Funding: Lender disburses funds to borrower.

• Repayment: Borrower makes scheduled payments until loan is fully repaid.

• Closure: Loan is marked as closed onc
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Q1. Salary discussion and
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Q2. Salary discussion and joining
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Test

Q1. What are your salary expectations?
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Q2. Share details of your previous job.
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Q3. Why are you looking for a change?
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Q4. Tell me about yourself.
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Q1. About fund accounting
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Q2. Hedge funds, NAV, GAV, Expense, Journal entry, trial balance
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