Northern Trust Senior Associate Interview Questions and Answers

Q1. Write a list comprehension for finding even numbers from 0 to 11
Ans. 
List comprehension to find even numbers from 0 to 11
• Use list comprehension with condition for even numbers

• Syntax: [x for x in range(12) if x % 2 == 0]

• Example: ['0', '2', '4', '6', '8', '10']
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Q2. Explain test driven development
Ans. 
Test driven development is a software development process where tests are written before the actual code.
• Write a failing test case based on requirements

• Write the minimum code to pass the test

• Refactor the code to improve quality and maintainability

• Repeat the process for each new feature or change
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Q3. How did you perform testing? What are the unit testing modules that you have used?
Ans. 
I performed testing by utilizing various unit testing modules such as JUnit and Mockito.
• Utilized JUnit for testing individual units of code

• Used Mockito for mocking dependencies in unit tests

• Implemented test cases to ensure proper functionality and identify bugs
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Q1. Explain your overall experience so far. Reason for jumping between jobs and what did you do in each of the company?
Ans. 
I have diverse experience in various industries, seeking growth opportunities and challenges.
• Worked in finance, healthcare, and technology industries

• Focused on project management, data analysis, and client relations

• Seeking opportunities for professional growth and development
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Q2. What is your expected compensation?
Ans. 
My expected compensation is based on my experience, skills, and the market rate for Senior Associates in this industry.
• Research the average salary range for Senior Associates in the industry

• Consider my years of experience and relevant skills when determining my expected compensation

• Be open to negotiation based on the overall compensation package offered
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100 marks assignment

Q1. Technical questions were asked by manager
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Q2. Capital market , financial market
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Q1. Salary discussion
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Q1. Option pricing model- BSM assumptions and explanation
Ans. 
Black-Scholes-Merton (BSM) model is a mathematical model used for pricing options.
• BSM model assumes constant risk-free rate, constant volatility, and lognormal distribution of stock prices.

• It assumes no dividends are paid during the option's life.

• The model assumes the option can only be exercised at expiration.

• The underlying stock follows a geometric Brownian motion.

• The model is used to calculate the theoretical price ...read more
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Q2. Explain options and it’s pricing
Ans. 
Options are financial instruments that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price within a specific time period.
• Options can be call options or put options

• Call options give the holder the right to buy the underlying asset at a specified price within a specific time period

• Put options give the holder the right to sell the underlying asset at a specified price...read more
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Q1. Why is ATM option delta 0.5
Ans. 
ATM option delta is 0.5 because it represents a 50% chance of the option expiring in-the-money.
• ATM option delta is 0.5 because it is at-the-money, meaning the option strike price is equal to the current underlying asset price.

• Delta measures the sensitivity of an option's price to changes in the underlying asset price.

• A delta of 0.5 indicates a 50% probability of the option expiring in-the-money.

• ATM options have the hig...read more
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Q2. Current affairs on interest rate
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Q1. Projects done in previous companies.
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Q2. Basic Classical ML questions, bagging boosting, evaluation metrics etc
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Q1. Why is liquidity important and is it necessay in short term or long term perspective.
Ans. 
Liquidity is important for financial stability and is necessary in both short term and long term perspectives.
• Liquidity ensures that a company can meet its short term obligations and expenses.

• It allows for flexibility in managing cash flow and taking advantage of investment opportunities.

• In the long term, liquidity is important for sustaining operations, growth, and weathering economic downturns.

• Examples include having...read more
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Q2. What is difference between credit and counterparty risk
Ans. 
Credit risk is the risk of default by a borrower, while counterparty risk is the risk of default by a trading partner.
• Credit risk is specific to the borrower's ability to repay a loan or debt.

• Counterparty risk is broader and includes the risk of default by any party involved in a financial transaction.

• Credit risk is typically associated with lending activities, while counterparty risk is more common in trading and inve...read more
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Q1. More questions on Automation, Ruby, Java Selenium
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Q1. Management level questions
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Q1. Salary expectation to the marketplace
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