Northern Trust Student Trainee Interview Questions and Answers

Markets offer dynamic and challenging environments that require constant adaptation and innovation.

• Markets provide opportunities for growth and expansion

• Competition in markets drives innovation and efficiency

• Markets offer diverse career paths and opportunities for personal development

A bond is a debt security that represents a loan made by an investor to a borrower.

• Bonds are issued by corporations, municipalities, and governments to raise capital.

• They have a fixed interest rate and a maturity date when the principal is repaid.

• Bonds are generally considered less risky than stocks but offer lower potential returns.

• Investors can buy and sell bonds on the secondary market.

• Examples of bonds include U.S....read more

Fund Accounting is a specialized accounting system used by non-profit organizations and government agencies to track and manage funds.

• It involves tracking and reporting on the financial activity of specific funds or grants.

• It ensures that funds are used for their intended purposes and that financial reports are accurate and transparent.

• Examples include tracking donations to a non-profit organization or managing governm...read more

Documents required for loan process

• Proof of identity (e.g. passport, driver's license)

• Proof of income (e.g. pay stubs, tax returns)

• Credit report

• Bank statements

• Loan application form

• Collateral documents (if applicable)