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State Street Corporation Process Associate II Interview Questions, Process, and Tips
Top State Street Corporation Process Associate II Interview Questions and Answers
- Q1. Ready for rotational shifts
- Q2. Usese of trail balance
- Q3. Derivatives and its types
State Street Corporation Process Associate II Interview Experiences
3 interviews found
(3 Questions)
- Q1. According principals
- Q2. Usese of trail balance
- Ans.
A trial balance is a financial statement that lists all the accounts in a company's general ledger and their balances.
Used to ensure that debits equal credits in the accounting system
Helps in detecting errors in recording transactions
Prepares the company for the financial statement preparation
Can be used to create financial ratios for analysis
- Q3. Final accounts uses
- Ans.
Final accounts are used to summarize a company's financial transactions and provide a snapshot of its financial position.
Final accounts are used to prepare the income statement, balance sheet, and cash flow statement.
They help stakeholders assess the financial performance and position of a company.
Final accounts are crucial for decision-making, tax compliance, and financial reporting.
Examples of final accounts include ...
(2 Questions)
- Q1. Why we choosing mba
- Ans.
MBA provides a well-rounded business education, enhances career opportunities, and develops leadership skills.
MBA offers a diverse range of business knowledge and skills.
It opens up opportunities for career advancement and higher salary potential.
MBA programs often include networking opportunities with industry professionals.
It helps in developing critical thinking, problem-solving, and leadership abilities.
Having an M...
- Q2. Family background
Interview Preparation Tips
NIKHIL YASHWANTRAO
(2 Questions)
- Q1. Derivatives and its types
- Ans.
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
Types of derivatives include futures, options, swaps, and forwards.
Futures contracts obligate the buyer to purchase an asset at a specific price on a future date.
Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time period.
Swaps involve the...
- Q2. Corporate action and its type
- Ans.
Corporate action refers to events initiated by a public company that impact its shareholders and securities.
Types of corporate actions include dividends, stock splits, mergers, acquisitions, spin-offs, and rights issues.
Dividends are payments made to shareholders from a company's profits.
Stock splits involve dividing existing shares into multiple shares.
Mergers occur when two companies combine to form a new entity.
Acqu...
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed before Apr 2023. There were 2 interview rounds.
(1 Question)
- Q1. Ready for rotational shifts
- Ans.
Yes, I am ready for rotational shifts.
I am flexible with my schedule and can adapt to different shifts
I understand the importance of teamwork and collaboration in a 24/7 work environment
I have previous experience working in rotational shifts and have successfully managed my time and workload
(1 Question)
- Q1. Regarding previous process
Top trending discussions
Interview questions from similar companies
I applied via Job Fair
(2 Questions)
- Q1. Tell me about yourself
- Ans.
Experienced processing executive with a strong background in managing operations and optimizing workflows.
Over 5 years of experience in processing and operations management
Skilled in streamlining processes to improve efficiency and reduce costs
Proven track record of meeting deadlines and exceeding targets
Strong leadership and communication skills, able to motivate teams to achieve goals
- Q2. Describe. Zomato Case study
- Ans.
Zomato is a food delivery and restaurant discovery platform.
Zomato was founded in 2008 in India.
It operates in multiple countries around the world.
Zomato offers online food delivery, restaurant reviews, and table reservations.
The company has faced competition from other food delivery platforms like Swiggy and Uber Eats.
Selected
I applied via Company Website
(1 Question)
- Q1. 1. Basic details
(2 Questions)
- Q1. Basic insurance details
- Q2. 2.Company business
Interview Preparation Tips
I applied via Campus Placement
(2 Questions)
- Q1. What is transaction monitoring
- Ans.
Transaction monitoring is the process of reviewing and analyzing transactions to detect suspicious activity or compliance violations.
Monitoring financial transactions for signs of money laundering or fraud
Identifying unusual patterns or behaviors in transactions
Ensuring compliance with regulations and policies
Using software tools to automate the monitoring process
Taking action on flagged transactions, such as investiga
- Q2. What is SAR and explain about outgoing wires
- Ans.
SAR stands for Suspicious Activity Report. Outgoing wires refer to electronic transfers of funds from one account to another.
SAR is a report filed by financial institutions to report suspicious activities that may indicate money laundering or other illegal activities.
Outgoing wires are electronic transfers of funds initiated by a customer to send money to another account.
Financial institutions monitor outgoing wires to...
Skills evaluated in this interview
Process Associate Interview Questions & Answers
JPMorgan Chase & Co.
Anonymous
posted on 26 Jun 2024
Selected
I applied via Job Portal and was interviewed in May 2024. There were 2 interview rounds.
(2 Questions)
- Q1. Prior experience
- Q2. Corporate action
(2 Questions)
- Q1. Prior relevant experience
- Q2. Process knowledge
Selected
I applied via Referral and was interviewed in May 2023. There were 3 interview rounds.
(4 Questions)
- Q1. Give an example of good customer service.
- Ans.
A good example of customer service is when a representative goes above and beyond to resolve a customer's issue with empathy and efficiency.
Listening actively to the customer's concerns
Offering personalized solutions
Following up to ensure satisfaction
- Q2. Give an example of bad customer service.
- Ans.
Being ignored by a customer service representative when seeking assistance.
Long wait times on hold without any updates or assistance
Rude or dismissive behavior from customer service representatives
Lack of follow-up or resolution to customer inquiries or complaints
- Q3. Give an instance of managing a difficult situation in your life and you handled it successfully.
- Q4. Give an example of your biggest regret so far.
(2 Questions)
- Q1. Reasons for choosing this company.
- Q2. Reasons for gap in career.
Interview Preparation Tips
- Customer Service Operations
Selected
I applied via Walk-in
45 mins test for capital market, fund accounting
Interview Preparation Tips
Process Specialist Interview Questions & Answers
Fidelity Investments
Anonymous
posted on 18 Feb 2024
(1 Question)
- Q1. Where do you to see yourself in the next five years
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State Street Corporation Process Associate II Interview Process
based on 4 interviews
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State Street Corporation Process Associate II Reviews and Ratings
based on 8 reviews
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