Northern Trust Senior Financial Analyst Interview Questions, Process, and Tips

Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities, while hedge funds are more exclusive and use more complex strategies.

• Mutual funds are regulated investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities

• Hedge funds are private investment partnerships that are typically only available to accredited investors and employ...read more

GDPR is a regulation that protects the data privacy of individuals in the European Union.

• GDPR stands for General Data Protection Regulation

• It was implemented in May 2018 to give individuals more control over their personal data

• GDPR applies to all companies processing personal data of individuals in the EU, regardless of the company's location

• It requires companies to obtain explicit consent before collecting personal da...read more

AML stands for Anti-Money Laundering, which refers to the laws and regulations designed to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML laws require financial institutions to monitor customer transactions and report any suspicious activity to authorities.

• Examples of suspicious activities include large cash deposits, frequent international wire transfers, and transactions involving...read more

FATCA stands for Foreign Account Tax Compliance Act, a US law aimed at combating tax evasion by US persons holding accounts overseas.

• FATCA requires foreign financial institutions to report information about financial accounts held by US taxpayers to the IRS.

• Non-compliance with FATCA can result in penalties for both individuals and financial institutions.

• FATCA has led to increased transparency in global financial transa...read more