Morgan Stanley Interview Questions, Process, and Tips

Q1. Stages of Internal Audit
Ans. 
Internal audit stages include planning, fieldwork, reporting, and follow-up.
• Planning stage involves setting objectives, scope, and methodology.

• Fieldwork stage includes gathering and analyzing data, testing controls, and documenting findings.

• Reporting stage involves communicating results to management and stakeholders.

• Follow-up stage includes monitoring implementation of recommendations and assessing progress.

• Examples: ...read more
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Q2. How is Name Screening conducted
Ans. 
Name screening is conducted by comparing names against watchlists or databases to identify any potential matches.
• Names are compared against watchlists, sanctions lists, politically exposed persons lists, and other databases.

• Advanced screening tools use algorithms to analyze variations in names, such as misspellings or aliases.

• Screening can be done manually or through automated software.

• Matches are further investigated ...read more
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Q1. Methods of AML/KYC
Ans. 
AML/KYC methods are used to verify the identity of customers and prevent money laundering and fraud.
• Customer due diligence (CDD) to verify identity and assess risk

• Enhanced due diligence (EDD) for high-risk customers

• Transaction monitoring to detect suspicious activities

• Screening against sanctions lists and politically exposed persons (PEPs)

• Regular training for staff on AML/KYC procedures
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Q2. What is CDD process?
Ans. 
CDD process stands for Customer Due Diligence process, which is a set of procedures used to verify the identity of customers and assess their risk levels.
• CDD process involves collecting information about customers such as their name, address, and identification documents.

• It also includes verifying the information provided by customers through various means such as official databases or third-party sources.

• The purpose o...read more
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Q1. What are stages of Audit?
Ans. 
Stages of Audit include planning, fieldwork, reporting, and follow-up.
• Planning: Establishing audit objectives, scope, and procedures.

• Fieldwork: Collecting and analyzing evidence to support audit findings.

• Reporting: Communicating audit results and recommendations to stakeholders.

• Follow-up: Ensuring implementation of audit recommendations and monitoring progress.

• Example: Planning may involve reviewing previous audits and...read more
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Q2. Why do we conduct the audit
Ans. 
Audits are conducted to ensure accuracy, compliance, and reliability of financial statements and internal controls.
• To ensure accuracy and reliability of financial statements

• To ensure compliance with laws and regulations

• To evaluate the effectiveness of internal controls

• To detect and prevent fraud or errors

• To provide assurance to stakeholders and investors
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Online coding round was conducted .

Q1. Java question, selenium questions, testing
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Q1. Why, how when how much
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Maths based questions

Implement a function to calculate the exponential of a base number to a given exponent, handling both positive and negative components.

Hackerrank - Hackerrank test including multiple choice and 2 programming questions

Q1. Garbage collector internal implementation algorithm
Ans. 
Garbage collector is an automatic memory management system in Java that reclaims memory by deallocating objects no longer in use.
• Garbage collector uses different algorithms like Mark-Sweep, Mark-Compact, and Copying to reclaim memory.

• Mark-Sweep algorithm marks objects as reachable or unreachable, then sweeps through and deletes the unreachable objects.

• Mark-Compact algorithm moves reachable objects to one end of the mem...read more
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