Northern Trust Interview Questions, Process, and Tips

Q1. They asked questions on private equity fund accounting process and hedge fund accounting.
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Q2. Asked financial related questions on corporate actions and it's types in detailed
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Q3. Difference between PE and Hegde fund accounting
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PE accounting focuses on long-term investments in private companies, while hedge fund accounting deals with short-term investments in public markets.
• PE accounting involves valuing illiquid assets based on fair value, while hedge fund accounting focuses on marking-to-market liquid assets.

• PE funds typically have longer investment horizons and less frequent valuations compared to hedge funds.

• PE funds often use capital cal...read more
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Q4. Derivative and it's types
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Derivative is a financial instrument whose value is derived from an underlying asset or security.
• Types of derivatives include options, futures, forwards, and swaps.

• Derivatives are used for hedging, speculation, and arbitrage.

• Example: A call option on a stock gives the holder the right to buy the stock at a specified price within a certain time frame.
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Q1. What is FV Hierarchy
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FV Hierarchy refers to the hierarchy of financial values in a financial model or analysis.
• FV Hierarchy is used to organize and prioritize financial values based on their importance and impact.

• It helps in understanding the relationships and dependencies between different financial values.

• For example, in a discounted cash flow analysis, the future value of cash flows is organized in a hierarchy based on their timing and ...read more
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Q1. Explain difference between concurrent hashmap and hashmap
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ConcurrentHashMap allows multiple threads to read and write concurrently, while HashMap is not thread-safe.
• ConcurrentHashMap allows multiple threads to read and write concurrently without the need for external synchronization, making it suitable for high-concurrency applications.

• HashMap is not thread-safe and can lead to data corruption if accessed by multiple threads simultaneously without proper synchronization.

• Concu...read more
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Q1. Are you comfortable working in hybrid model
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Q1. How to create hash map of your own object present in list Overloading vs overriding Java 8 stream coding questions Hashcode and equal method use
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Creating a hash map of custom objects in a list, overloading vs overriding, Java 8 stream coding, and using hashcode and equals methods.
• To create a hash map of custom objects in a list, you can use a loop to iterate through the list and add each object to the map with a unique key.

• Overloading is having multiple methods in the same class with the same name but different parameters, while overriding is implementing a met...read more
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Q2. Java 8 all features and lambda plus stream program
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Financial concepts were asked in the interview

Q1. Whats the most testing phase
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The most testing phase is when team members face challenges that require them to go above and beyond their usual responsibilities.
• Dealing with a high-pressure project deadline

• Resolving conflicts within the team

• Adapting to unexpected changes in the project scope

• Handling difficult team dynamics

• Managing team members who are not meeting expectations
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