FIS Senior Associate Interview Questions and Answers

Corporate action refers to any event initiated by a publicly-traded company that affects its stakeholders and requires their approval.

• Corporate actions can be voluntary or mandatory

• Examples of corporate actions include stock splits, mergers and acquisitions, dividend payments, and spin-offs

• Corporate actions can have a significant impact on the value of a company's stock and its shareholders

• Shareholders are typically no...read more

Cash reconciliation is the process of comparing and adjusting the cash balance in an organization's accounting records with the actual cash balance.

• It involves verifying the accuracy of cash transactions recorded in the accounting system

• It helps identify discrepancies between the recorded cash balance and the actual cash balance

• Adjustments are made to the accounting records to reflect the correct cash balance

• It is an i...read more

Derivatives are financial contracts that derive their value from an underlying asset or security.

• Types of derivatives include futures, options, swaps, and forwards.

• Futures are contracts to buy or sell an asset at a predetermined price and date.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

• Swaps involve exchanging cash flows based on different financ...read more