Northern Trust Interview Questions, Process, and Tips

Q1. Components of financial markets
Ans. 
Financial markets consist of various components that facilitate the trading of financial assets.
• Stock exchanges where equities are traded, such as NYSE and NASDAQ

• Bond markets for trading debt securities

• Commodity markets for trading raw materials like gold, oil, and agricultural products

• Forex markets for trading currencies

• Derivatives markets for trading financial contracts based on underlying assets
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Q2. What is bank and it's types
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A bank is a financial institution that accepts deposits from the public and creates credit. There are different types of banks such as retail banks, commercial banks, and investment banks.
• Banks accept deposits from customers and provide loans and other financial services.

• Retail banks cater to individual customers and offer services like savings accounts, checking accounts, and personal loans.

• Commercial banks focus on p...read more
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Q3. Types of financial markets
Ans. 
Financial markets are platforms where buyers and sellers trade financial assets such as stocks, bonds, currencies, and commodities.
• Stock market - where shares of publicly traded companies are bought and sold

• Bond market - where debt securities are bought and sold

• Foreign exchange market - where currencies are traded

• Commodity market - where raw materials or primary agricultural products are traded
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Q4. Components of Financial management
Ans. 
Financial management involves planning, organizing, directing, and controlling financial activities within an organization.
• Budgeting: Creating a financial plan for the organization's future expenses and revenues.

• Financial Reporting: Providing financial information to stakeholders to make informed decisions.

• Risk Management: Identifying and managing financial risks to ensure the organization's stability.

• Investment Manage...read more
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Q5. What is commercial market
Ans. 
The commercial market refers to the buying and selling of goods and services between businesses and consumers.
• Involves transactions between businesses and consumers

• Includes products and services sold for profit

• Can be local, national, or global in scope
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Q1. Video interview
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Q2. Apptitude and english
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Q1. Accounting basics, accounting principals
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Q2. Why, what how u want join company
Ans. 
I want to join the company because of its strong reputation in the financial industry and the opportunities for growth and development.
• Strong reputation in the financial industry

• Opportunities for growth and development

• Excited about the company's future projects and initiatives
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Q1. Write java program.
Ans. 
Java program to sort an array of strings in alphabetical order.
• Use Arrays.sort() method to sort the array of strings.

• Remember that sorting is case-sensitive.

• Handle null values if present in the array.
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Q1. What has been your greatest achievement
Ans. 
My greatest achievement was completing a challenging project ahead of schedule and exceeding expectations.
• Successfully leading a team to complete a project ahead of schedule

• Receiving recognition for exceeding expectations

• Demonstrating strong problem-solving and leadership skills

• Achieving a personal goal after overcoming obstacles
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Q2. Tell us more about [CV experience]
Ans. 
I worked as a marketing intern at XYZ Company, where I developed social media campaigns and analyzed market trends.
• Developed social media campaigns to increase brand awareness

• Analyzed market trends to identify opportunities for growth

• Collaborated with team members to brainstorm new marketing strategies
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Q1. Duration of bond
Ans. 
Duration of bond refers to the sensitivity of a bond's price to changes in interest rates.
• Duration measures the weighted average time it takes for a bond's cash flows to repay its purchase price.

• Higher duration means higher sensitivity to interest rate changes.

• Duration helps investors understand the risk associated with a bond's price fluctuation.

• For example, a bond with a duration of 5 years will see its price decreas
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Q2. Structured product
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Q3. What is delta and it's formula
Ans. 
Delta is a measure of the change in a variable, calculated by subtracting the initial value from the final value.
• Delta = Final Value - Initial Value

• It is often used in mathematics and science to represent the difference between two values

• For example, if the initial value is 10 and the final value is 15, the delta would be 5
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Q4. Types of corporate action
Ans. 
Corporate actions refer to events initiated by a public company that impact its shareholders and securities.
• Dividends: Distribution of profits to shareholders

• Stock splits: Increase in number of shares outstanding

• Mergers and acquisitions: Combination of two companies

• Spin-offs: Creation of a new independent company

• Rights issues: Offering existing shareholders the right to buy additional shares at a discounted price
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Apti was easy, Moderately difficult.