IBM Senior F and A Operations Processing Representative Interview Questions and Answers

Q1. Explain the process for OTC
Ans. 
OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.
• OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.

• OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.

• Common examples of OTC instruments include stocks...read more
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Q2. Explain the process for P2P
Ans. 
P2P (Procure-to-Pay) is the process of obtaining and paying for goods and services from suppliers.
• The process starts with identifying the need for a product or service.

• Next, a purchase order is created and sent to the supplier.

• Upon receiving the goods or services, an invoice is generated by the supplier.

• The invoice is matched with the purchase order and goods receipt.

• Finally, payment is made to the supplier.

• Example: Co...read more
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Q1. Tell me something about yourself
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Q2. Are you a fresher
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Taken aptitude of 45 min

Q1. Tell me about yourself
Ans. 
Experienced processing executive with a strong background in managing operations and optimizing workflow.
• Over 5 years of experience in processing and operations management

• Skilled in streamlining processes to improve efficiency

• Proven track record of meeting deadlines and exceeding targets

• Strong leadership and communication skills

• Proficient in using data analysis tools to drive decision-making
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Q2. Are you comfortable with our job roles
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Q1. Basic accounting related questions , journal entry .
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Q1. Tell me about yourself
Ans. 
Experienced processing executive with a strong background in managing operations and optimizing efficiency.
• Over 5 years of experience in processing and operations management

• Skilled in streamlining workflows and improving productivity

• Proven track record of meeting deadlines and exceeding targets

• Strong leadership and communication skills

• Previously managed a team of 20+ employees at XYZ Company
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Q2. What's your hobbies
Ans. 
My hobbies include hiking, painting, and playing the guitar.
• Hiking: I enjoy exploring nature trails and challenging myself physically.

• Painting: I find relaxation and creativity in expressing myself through art.

• Playing the guitar: Music is a passion of mine, and I love learning new songs and techniques.
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Q3. What's the best memories of your life..
Ans. 
The best memories of my life are spending time with my family on vacations and celebrating special occasions together.
• Vacationing at the beach with my family and building sandcastles together

• Celebrating birthdays and holidays with my loved ones

• Attending family reunions and creating lasting memories with relatives
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Q4. What did u want to join your company..
Ans. 
I wanted to join your company because of its reputation for innovation and growth opportunities.
• I am impressed by the company's track record of developing cutting-edge technologies.

• I believe the company offers great potential for career advancement and professional development.

• I am excited about the opportunity to work with a talented team of professionals.

• I am attracted to the company's commitment to fostering a cultu
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Q5. From you listen about the job vacancy
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Q1. Tell me about your skills
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Q2. What are your strengths and weakness
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Written test and voice call

Q1. What is your dream
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Q2. What is your weakness
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Q1. Self introduction
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Q2. Comments testing test
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Q1. Tell about yourself
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Q2. Tell about banking policy and procedure
Ans. 
Banking policy and procedures are guidelines set by financial institutions to ensure compliance, efficiency, and security in their operations.
• Banking policies outline the rules and regulations that govern the institution's operations.

• Procedures detail the step-by-step processes to be followed in various banking activities such as account opening, loan processing, and fraud prevention.

• These policies and procedures are d...read more
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Q1. Function of Bank
Ans. 
The function of a bank is to provide financial services such as accepting deposits, lending money, and facilitating transactions.
• Accepting deposits from customers

• Providing loans and credit to individuals and businesses

• Facilitating transactions such as wire transfers and bill payments

• Offering investment services like savings accounts and certificates of deposit
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Q2. Secured and unsecured loans
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Q1. Lakhs of questions
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Q2. Brief and detailed answers of all questions with no breathing taking for a second.
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