Iris Software US Recruiter Interview Questions and Answers

Q1. Brief details of isms overview
Ans. 
Isms overview refers to the study of various ideologies, beliefs, and systems of thought.
• Isms refer to various ideologies and beliefs such as capitalism, socialism, feminism, etc.

• They are often used to categorize and analyze different political, social, and philosophical movements.

• Studying isms helps in understanding the underlying principles and values that shape societies and individuals.

• Examples include Marxism, exi
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Q2. What is rto and rpo
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RTO (Recovery Time Objective) is the targeted duration of time within which a business process must be restored after a disaster. RPO (Recovery Point Objective) is the maximum tolerable period in which data might be lost due to a disaster.
• RTO is the maximum acceptable downtime for a business process.

• RPO is the maximum amount of data loss that is acceptable for a business process.

• RTO and RPO are key metrics in disaster ...read more
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Q3. What is incident management
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Incident management is the process of identifying, analyzing, and resolving incidents to minimize their impact on business operations.
• Incident management involves documenting incidents, categorizing them based on severity, and prioritizing them for resolution.

• It includes creating incident tickets, assigning them to appropriate teams or individuals, and tracking their progress until resolution.

• Examples of incidents incl...read more
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Q4. How confortable are you for conducting training session
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I am very comfortable conducting training sessions and have experience in delivering engaging and informative sessions.
• I have experience in conducting training sessions for new employees on company policies and procedures.

• I am confident in my ability to communicate effectively and engage with participants during training sessions.

• I have received positive feedback from previous training sessions I have conducted.

• I am co...read more
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Q1. Details about few clauses of iso 27001
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Q2. Details about personal understanding of IT industry and business continuity
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Q1. What is your salary expectation
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My salary expectation is based on my experience, skills, and the market rate for this position.
• Research the average salary range for the position in the specific industry and location

• Consider your level of experience and skills that you bring to the role

• Be prepared to negotiate based on the benefits and opportunities offered by the company
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Q2. How quickly can you join the company
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I can join the company within two weeks of receiving an offer.
• I have a two-week notice period at my current job.

• I am available to start immediately after that.

• I can complete any necessary paperwork and onboarding processes quickly.
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Q1. Previous work experiences
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Current domain knowledge test

Q1. Explain random forest
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Random forest is an ensemble learning method that builds multiple decision trees and merges them to improve accuracy and prevent overfitting.
• Random forest is a type of ensemble learning method.

• It builds multiple decision trees during training.

• Each tree is built using a subset of the training data and a random subset of features.

• The final prediction is made by averaging the predictions of all the individual trees.

• Random...read more
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Q2. What is boosting
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Boosting is a machine learning ensemble technique where multiple weak learners are combined to create a strong learner.
• Boosting is an iterative process where each weak learner is trained based on the errors of the previous learners.

• Examples of boosting algorithms include AdaBoost, Gradient Boosting, and XGBoost.

• Boosting is used to improve the accuracy of models and reduce bias and variance.
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Q1. Basic question: tell me about yourself
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Q1. Finance related questions: mutual funds, private equity, VC, NAV Calculation, Index funds vs ETF
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Q1. Background check and Educational Qualification
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Q2. Relevant Experience in the job
Ans. 
I have relevant experience in the job.
• I have worked as an Associate for 3 years at XYZ company.

• During my time there, I successfully managed multiple projects and achieved all the set targets.

• I have a strong understanding of the job responsibilities and requirements.

• I have received positive feedback from my previous supervisors for my performance in similar roles.

• I have also completed relevant certifications and trainin
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Q1. How to calculate Net Asset Value?
Ans. 
Net Asset Value is calculated by subtracting liabilities from assets and dividing by the number of outstanding shares.
• Calculate the total value of all assets

• Subtract the total value of all liabilities

• Divide the result by the number of outstanding shares

• NAV = (Total Assets - Total Liabilities) / Number of Outstanding Shares

• Example: If a company has $10 million in assets and $5 million in liabilities, with 1 million outs
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Q2. Difference between Private Equity and Public Equity?
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Private equity involves investing in private companies, while public equity involves investing in publicly traded companies.
• Private equity firms invest in companies that are not publicly traded

• Public equity involves buying shares of publicly traded companies

• Private equity firms typically acquire a controlling stake in the company they invest in

• Public equity investors do not have control over the company

• Private equity i...read more
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Q3. What do you mean by Mutual Funds?
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Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities.
• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and can be a good option for investors who want exposure to a variety of...read more
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Q4. Difference between General Partner and Limited Partner?
Ans. 
General partners have unlimited liability and manage the business, while limited partners have limited liability and do not manage the business.
• General partners have unlimited liability for the debts and obligations of the business, while limited partners have limited liability and are only liable for the amount of their investment.

• General partners manage the day-to-day operations of the business, while limited partner...read more
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Q5. What do you mean by Capital Markets?
Ans. 
Capital markets refer to financial markets where long-term securities are traded.
• Capital markets are where companies and governments raise funds by issuing stocks, bonds, and other securities.

• These markets are typically for long-term investments and have a lower liquidity than other financial markets.

• Examples of capital markets include the New York Stock Exchange, NASDAQ, and the bond market.

• Investors in capital market...read more
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Q1. What is your work in your previous organisation?
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I worked as a Sales Executive in my previous organization.
• Managed a portfolio of clients and developed new business opportunities

• Met and exceeded sales targets consistently

• Built strong relationships with clients and provided excellent customer service

• Collaborated with cross-functional teams to ensure smooth order processing and delivery

• Analyzed market trends and competitor activities to identify growth opportunities
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Q2. Why you want to switch your current organization?
Ans. 
I am seeking new challenges and opportunities for growth in my career.
• Looking for a more challenging role

• Seeking opportunities for professional development

• Want to work in a different industry or sector

• Desire for a better work-life balance

• Unsatisfied with current company culture or management

• Relocation or commute reasons
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Q1. What do you understand by Mutual funds?
Ans. 
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities.
• Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors.

• Investors can buy shares of mutual funds, which represent their ownership in the fund's portfolio.

• Mutual funds offer diversification, liquidity, and professional management to invest...read more
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Q2. General rules of accounting?
Ans. 
General rules of accounting include consistency, relevance, reliability, and comparability.
• Consistency: Accounting methods should be applied consistently from one period to another.

• Relevance: Financial information should be relevant to the decision-making needs of users.

• Reliability: Financial information should be reliable and free from bias or error.

• Comparability: Financial information should be comparable across diff...read more
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Q3. Understanding of investment banking?
Ans. 
Investment banking involves providing financial services to corporations, governments, and other institutions, including raising capital, mergers and acquisitions, and advisory services.
• Facilitates capital raising for corporations through issuing stocks and bonds

• Assists in mergers and acquisitions by advising on deals and facilitating transactions

• Provides financial advisory services to clients on various strategic matt...read more
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Q4. General question about experience/family/yourself.
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Q1. Reason for switch
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I switched jobs to pursue new challenges and opportunities for growth.
• Seeking new challenges and opportunities for personal and professional growth

• Desire for a change in work environment or company culture

• Interest in exploring different industries or roles

• Wanted to learn new skills or gain more experience

• Looking for better work-life balance or compensation

• Example: I wanted to switch to a company that values innovation ...read more
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Q2. Job satisfaction
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Q3. Salary negotiation
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Q4. Domain expertise
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Q5. Comfortable for shift timing
Ans. 
I am comfortable with shift timings and can adapt to different schedules.
• I have experience working various shifts in previous roles

• I am flexible and can adjust my schedule as needed

• I understand the importance of being reliable and punctual in a shift-based job
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