HSBC Group Senior Analyst II Interview Questions and Answers

Q1. Explain CDS and credit risk
Ans. 
CDS stands for Credit Default Swap, a financial derivative used to transfer credit risk between parties.
• CDS is a type of insurance contract where one party pays a premium to another party in exchange for protection against a credit event, such as default or bankruptcy.

• The buyer of a CDS makes periodic payments to the seller, who agrees to compensate the buyer in the event of a credit event on a specified reference asse...read more
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Q2. Explain option strategies
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Options strategies involve buying and selling options contracts to achieve specific investment goals.
• Buy Call Option: Bullish strategy where investor expects the price of the underlying asset to rise.

• Buy Put Option: Bearish strategy where investor expects the price of the underlying asset to fall.

• Covered Call: Selling a call option while holding the underlying asset to generate income.

• Straddle: Buying both a call and p...read more
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Q1. Questions regarding previous work experience
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Q1. Explain different option strategies
Ans. 
Options strategies involve buying or selling options contracts to achieve specific investment goals.
• Some common options strategies include covered calls, protective puts, straddles, and iron condors.

• Covered calls involve selling call options on a stock you own to generate income.

• Protective puts involve buying put options to protect against a decline in the value of a stock.

• Straddles involve buying both a call and a put...read more
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Q1. Java, Hadoop, Pyspark Questions
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Q1. Questions on current work experience
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Q1. Get the maximum salary of the employee from the employee and department table
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Q2. Explain the data analysis process that you would follow for employee salary table
Ans. 
The data analysis process for an employee salary table involves data cleaning, exploration, visualization, and modeling.
• Start by cleaning the data to remove any duplicates, missing values, or outliers.

• Explore the data by calculating basic statistics like mean, median, and standard deviation.

• Visualize the data using histograms, box plots, or scatter plots to identify patterns or trends.

• Perform statistical modeling to an...read more
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Q3. Explain the challenges you faced in your project
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I faced challenges in managing large datasets and ensuring data accuracy in my project.
• Managing large volumes of data from multiple sources

• Ensuring data accuracy and consistency

• Dealing with missing or incomplete data

• Handling data cleaning and preprocessing tasks

• Addressing technical issues with data storage or processing tools
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It was easy test but it is difficult to solve this much aptitude in that time limit.

Q1. They ask dbms, sql, puzzles, questions like if you have to open a icecream parlour how should you open it. And general stuff .
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Q1. What have you been working on lately
Ans. 
I have been working on analyzing market trends and creating financial models for upcoming projects.
• Analyzing market trends to identify potential opportunities

• Creating financial models to forecast revenue and expenses

• Collaborating with team members to develop strategies for upcoming projects
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Q2. How did u resolve any technical problems at work
Ans. 
I resolved technical problems by analyzing the root cause, collaborating with team members, and implementing effective solutions.
• Identified the root cause of the technical problem

• Collaborated with team members to brainstorm potential solutions

• Implemented effective solutions and tested them to ensure they resolved the issue
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Q1. What is risk in insurance
Ans. 
Risk in insurance refers to the likelihood of a loss or damage occurring, leading to financial consequences for the insurer.
• Risk is the uncertainty of an event happening that could result in a financial loss for the insurer.

• Insurance companies assess risks based on factors such as the insured's age, health, occupation, and lifestyle.

• Examples of risks in insurance include natural disasters, accidents, illnesses, and the...read more
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Q2. Who should buy a insurance
Ans. 
Anyone who wants to protect themselves financially from unexpected events should consider buying insurance.
• Individuals with dependents who rely on their income

• Homeowners who want to protect their property from damage

• Drivers who want to protect themselves from liability in case of accidents

• Business owners who want to protect their assets and employees

• Travelers who want coverage for medical emergencies or trip cancellati
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Q1. Moderate to high level Finance related questions
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Q2. Puzzle/Quiz to solve
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Q1. Basics of Finance and subjects
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Q2. Case studies on relevant topics
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Q1. Basic questions over excel function
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Q2. Dashboard preparation with formulas
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Q3. Vlookup and hlookup
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Q4. Sum sumif tex formula
Ans. 
SUMIF is a function in Excel used to sum values based on a specific condition.
• SUMIF formula syntax: =SUMIF(range, criteria, [sum_range])

• Example: =SUMIF(A1:A10, ">10", B1:B10) will sum values in B1:B10 where corresponding value in A1:A10 is greater than 10

• Criteria can be a number, expression, or text

• Sum_range is optional and if omitted, the range is used for both sum and criteria
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Q5. Countif countifs pivot advance excel formulas
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Q1. Trade life cycle investment banking
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Q2. Agile methodologies frame work
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Technical interview cum hr interview