SS&C TECHNOLOGIES Senior Reconciliation Specialist Interview Questions, Process, and Tips

Reconciliation is the process of ensuring two sets of records are in agreement and any discrepancies are resolved.

• Reconciliation involves comparing financial records to ensure they match up

• It is important for identifying errors or fraud

• Examples include reconciling bank statements with accounting records

Initial margin is the collateral required to open a position, while variation margin is the daily settlement of gains and losses.

• Initial margin is the amount of collateral required to open a position in a financial transaction.

• Variation margin is the daily settlement of gains and losses to ensure that the account maintains the required margin level.

• Initial margin helps protect against potential losses, while variation ...read more

Bonds are debt securities issued by corporations or governments, equity represents ownership in a company, and fixed income refers to investments with a set interest rate.

• Bonds are loans made by investors to corporations or governments, who pay interest on the loan until it matures.

• Equity represents ownership in a company, giving shareholders voting rights and a share of profits.

• Fixed income investments have a set inte...read more

Long call, short call, long put, and short put are options trading strategies involving buying or selling options contracts.

• Long call: Buying a call option with the expectation that the underlying asset will increase in value.

• Short call: Selling a call option with the expectation that the underlying asset will decrease in value.

• Long put: Buying a put option with the expectation that the underlying asset will decrease i...read more

Features are inherent characteristics of a product or service, while options are additional choices or variations within those features.

• Features are essential components of a product or service that define its core functionality.

• Options are additional choices or variations within those features that allow for customization or personalization.

• For example, a car's feature may be its engine size, while the options within ...read more