Nuvama Wealth Management Senior Manager Interview Questions and Answers

I have extensive experience in the GRC domain.

• I have worked on implementing GRC frameworks for various clients.

• I have conducted risk assessments and developed risk management plans.

• I have experience in compliance management and regulatory requirements.

• I have worked on developing policies and procedures for information security.

• I have conducted audits and provided recommendations for improvement.

• I have experience in imp...read more

Yes, I have extensive experience in risk management and TPRM.

• I have developed and implemented risk management frameworks for various organizations.

• I have conducted risk assessments and identified potential risks and vulnerabilities.

• I have experience in third-party risk management and have worked with vendors to ensure compliance with security standards.

• I have also developed and implemented incident response plans to mi...read more

SBI Card is a leading player in the credit card industry with a strong brand reputation and growth potential.

• SBI Card has a proven track record of success and growth in the credit card industry

• The company has a strong brand reputation and is well-respected in the market

• There is significant potential for further growth and expansion in the industry

• I am excited about the opportunity to contribute to the continued success

Fundamental concepts of JavaScript discussed in the interview

• Data types in JavaScript (string, number, boolean, object, array)

• Functions and scope in JavaScript

• DOM manipulation and event handling

• Asynchronous programming with callbacks, promises, and async/await

• Object-oriented programming concepts in JavaScript

A stock broker is a professional who buys and sells stocks on behalf of clients in exchange for a fee or commission.

• Stock brokers facilitate the buying and selling of stocks on various stock exchanges.

• They provide investment advice and recommendations to clients based on their financial goals and risk tolerance.

• Stock brokers must be licensed and adhere to strict regulations set by financial authorities.

• Examples of stoc...read more

Futures and options are financial derivatives that derive their value from an underlying asset.

• Futures are contracts to buy or sell an asset at a specified price on a future date.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific timeframe.

• Both futures and options are used for hedging, speculation, and arbitrage in financial markets.

OTM, ATM, and ITM options refer to Out of The Money, At The Money, and In The Money options respectively.

• OTM options have strike prices that are unfavorable compared to the current market price.

• ATM options have strike prices that are closest to the current market price.

• ITM options have strike prices that are favorable compared to the current market price.

The latest lot size for Nifty is 75.

• The latest lot size for Nifty is 75.

• Lot size refers to the minimum quantity or number of shares that can be traded in a single transaction.

• Knowing the lot size is important for calculating the total cost of a trade.

Bank Nifty index is a benchmark index that tracks the performance of the banking sector in India.

• Bank Nifty index is composed of the most liquid and large capitalized banking stocks listed on the National Stock Exchange (NSE) of India.

• It provides investors and traders with a benchmark to measure the performance of the banking sector as a whole.

• Bank Nifty index futures and options are actively traded on the NSE for hedg

I have successfully managed and grown the portfolio of my previous company by implementing strategic initiatives and identifying new business opportunities.

• Implemented strategic initiatives to expand product offerings

• Identified and pursued new business opportunities to increase revenue

• Managed existing client relationships to ensure satisfaction and retention

Exchanges have recently issued circulars on new reporting requirements.

• SEBI has mandated exchanges to provide daily reports on client funding and margin obligations.

• Exchanges have introduced new reporting formats for trade data and risk management.

• Recent circulars require exchanges to report on compliance with margin requirements and client position limits.

The process of settlement of funds involves transferring funds from the client's account to the designated recipient.

• Client initiates a request for fund settlement

• Verification of the request and available funds

• Transfer of funds to the designated recipient

• Confirmation of successful settlement

• Record keeping of the transaction

Stockbrokers process orders by routing them through various systems and exchanges to execute trades on behalf of clients.

• When an order is placed, it is first entered into the broker's order management system.

• The order is then routed to the appropriate exchange or trading venue based on factors like price, liquidity, and speed of execution.

• The exchange matches the buy and sell orders, and the trade is executed.

• Confirmat...read more