NatWest Group Associate Interview Questions and Answers

Q1. Can you describe your professional experience?
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Q2. What are your salary expectations?
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Q1. Could you provide more details about your overall work experience, including your workflow and responsibilities?
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Q2. What type of improvement project are you referring to, and what are its goals?
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Were there any interesting cases of money laundering that you encountered?

Q1. What do you know about IFRS 9
Ans. 
IFRS 9 is an international financial reporting standard that addresses the classification and measurement of financial assets and liabilities.
• IFRS 9 replaced IAS 39 and introduced a new classification and measurement approach for financial instruments.

• It requires entities to classify financial assets based on their business model for managing the assets and their contractual cash flow characteristics.

• IFRS 9 also includ...read more
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Q2. Your understanding of product control
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Product control involves monitoring and analyzing the financial performance of products within a company.
• Monitoring revenue and expenses related to specific products

• Analyzing profitability and cost efficiency of products

• Identifying trends and making recommendations for product improvements

• Ensuring compliance with financial regulations and reporting standards

• Collaborating with various departments to gather data and insi
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Q3. Explain balance sheet substantiation
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Balance sheet substantiation involves verifying the accuracy and completeness of the items reported on a company's balance sheet.
• Process of reconciling balance sheet accounts to ensure they accurately reflect the financial position of a company

• Involves comparing account balances to supporting documentation such as bank statements, invoices, and contracts

• Identifying and investigating any discrepancies or errors to ensur...read more
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Q1. Explain Swap products
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Swap products are financial instruments where two parties agree to exchange cash flows or other financial assets.
• Swap products involve two parties exchanging cash flows based on a predetermined set of terms

• Common types of swap products include interest rate swaps, currency swaps, and commodity swaps

• These products are often used by companies to manage risk or speculate on market movements
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Q2. What do know about Mccaulay duration
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Q3. What do you know about front office and accouting pnl reco
Ans. 
Front office and accounting P&L reconciliation involves comparing the profit and loss statements from both departments to ensure accuracy.
• Front office is responsible for generating revenue through client interactions and trading activities.

• Accounting is responsible for recording financial transactions and preparing financial statements.

• P&L reconciliation involves comparing the revenue and expenses reported by the front...read more
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