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ICICI Prudential Mutual Fund Internal Control Manager Interview Questions and Answers

Updated 28 Nov 2023

ICICI Prudential Mutual Fund Internal Control Manager Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Nov 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(3 Questions)

  • Q1. Previous experience
  • Q2. Concept of risk
  • Ans. 

    The concept of risk refers to the potential for loss or harm that may arise from uncertain events or circumstances.

    • Risk is inherent in all aspects of life and business.

    • It involves the identification, assessment, and management of potential risks.

    • Risk can be categorized as strategic, operational, financial, or compliance-related.

    • Effective risk management involves implementing controls and mitigation strategies.

    • Examples ...

  • Answered by AI
  • Q3. Recent developments
Round 3 - One-on-one 

(2 Questions)

  • Q1. Reason for change
  • Ans. 

    The reason for change is to improve efficiency and effectiveness of internal controls.

    • To address identified weaknesses or gaps in the current internal control system

    • To comply with new regulations or industry standards

    • To adapt to changes in the organization's structure or operations

    • To enhance the accuracy and reliability of financial reporting

    • To prevent fraud or mitigate risks

    • To streamline processes and reduce costs

    • To r...

  • Answered by AI
  • Q2. How do you look at Operational Risk
  • Ans. 

    Operational risk is assessed by identifying potential risks, evaluating their impact, and implementing controls to mitigate them.

    • Operational risk refers to the risk of loss resulting from inadequate or failed internal processes, people, and systems.

    • It involves identifying potential risks that could impact the organization's operations and objectives.

    • Evaluating the impact of these risks helps prioritize them based on th...

  • Answered by AI
Round 4 - HR 

(1 Question)

  • Q1. Why do you want to join ICICI
  • Ans. 

    I want to join ICICI because of its strong reputation, career growth opportunities, and commitment to excellence.

    • ICICI has a strong reputation in the banking industry, known for its financial stability and customer-centric approach.

    • I am impressed by ICICI's commitment to excellence and its focus on delivering high-quality services to its customers.

    • ICICI offers great career growth opportunities, allowing me to enhance m...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for ICICI Prudential Mutual Fund Internal Control Manager interview:
  • Recent developments
  • Operational Risk
  • Investment Operational Risk
  • Internal Audit

Interview questions from similar companies

Quality Controller Interview Questions & Answers

Apex Group user image Dhirendra Kumar Choudhary

posted on 19 Oct 2024

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Oct 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

Easy question which anybody can solve but should have experience

Round 2 - Group Discussion 

Nothing to worry, all are supportive there.

Round 3 - HR 

(5 Questions)

  • Q1. Expected salary
  • Ans. 

    My expected salary is based on my experience, qualifications, and the industry standard for Quality Controllers.

    • Consider my years of experience in quality control

    • Take into account my relevant qualifications and certifications

    • Research the industry standard salary for Quality Controllers in this region

    • Negotiable based on additional benefits such as healthcare, retirement plans, etc.

  • Answered by AI
  • Q2. Reason for leaving previous company
  • Ans. 

    Seeking new challenges and growth opportunities

    • Desire for career advancement

    • Looking for a more challenging role

    • Seeking a company with better growth opportunities

  • Answered by AI
  • Q3. Only 2 questions asked
  • Q4. No questions asked
  • Q5. No further questions asked

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident all the time.

I applied via Naukri.com and was interviewed in Mar 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. 3 critical areas to cover in internal audit of home loans ?
  • Ans. 

    3 critical areas to cover in internal audit of home loans

    • Compliance with regulations and policies

    • Accuracy of loan documentation and data

    • Effectiveness of risk management practices

  • Answered by AI
  • Q2. What is IFC ?
  • Ans. 

    IFC stands for International Finance Corporation, a member of the World Bank Group that provides investment and advisory services to promote private sector development in developing countries.

    • IFC is a member of the World Bank Group

    • It provides investment and advisory services to promote private sector development in developing countries

    • IFC focuses on financing projects in areas such as infrastructure, health and educati...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Job profile is not so interesting.

ICICI Prudential Mutual Fund Interview FAQs

How many rounds are there in ICICI Prudential Mutual Fund Internal Control Manager interview?
ICICI Prudential Mutual Fund interview process usually has 4 rounds. The most common rounds in the ICICI Prudential Mutual Fund interview process are Resume Shortlist, Technical and One-on-one Round.
What are the top questions asked in ICICI Prudential Mutual Fund Internal Control Manager interview?

Some of the top questions asked at the ICICI Prudential Mutual Fund Internal Control Manager interview -

  1. How do you look at Operational R...read more
  2. Concept of r...read more
  3. Recent developme...read more

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