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State Street Corporation Process Associate II Interview Questions and Answers for Experienced

Updated 2 Oct 2024

State Street Corporation Process Associate II Interview Experiences for Experienced

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Process Associate II Interview Questions & Answers

user image NIKHIL YASHWANTRAO

posted on 26 Jul 2024

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(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...

  • Answered by AI
  • 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...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read financial isstrument

Interview questions from similar companies

I applied via Naukri.com and was interviewed before Jun 2020. There were 4 interview rounds.

Interview Questionnaire 

5 Questions

  • Q1. Describe a project which you consider your best work and explain approach behind your rationale and assumptions
  • Q2. What could have been other approaches to do same job
  • Ans. 

    Other approaches to the same job could include automation, outsourcing, or reorganizing the team.

    • Automation: Implementing technology to streamline processes and reduce manual labor.

    • Outsourcing: Hiring a third-party company to handle certain tasks or responsibilities.

    • Reorganizing the team: Restructuring roles and responsibilities to optimize efficiency and productivity.

    • Example: Automating inventory management to reduce ...

  • Answered by AI
  • Q3. ML gradient boosting algorithm related questions
  • Q4. Logistic regression related questions
  • Q5. Banking products knowledge was checked.... Like transactor, revolver, defaulter etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare CV thoroughly, have good understanding of algorithms and analytical approaches taken by you. Strengths weakness, why HSBC, why switch to banking domain. Be prepared for logical thinking based questions during round with senior mgmt. Prepare convincing answers and be smart in tackling difficult questions. Don't beat around the bush if you don't know something or you forgot. Be ready with things you would need to explain a project, keep numbers handy. Last but not the least don't fake your experience.

I applied via Naukri.com and was interviewed in Aug 2020. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Check palindrome , anagram of string with O(n)
  • Ans. 

    To check palindrome and anagram of a string with O(n), use a hash table to store character frequencies.

    • Create a hash table to store the frequency of each character in the string.

    • For palindrome, check that no more than one character has an odd frequency.

    • For anagram, compare the hash tables of the two strings.

    • If the hash tables are equal, the strings are anagrams.

    • If the hash tables differ by only one character, the strin...

  • Answered by AI
  • Q2. Optimized solutions and core principles applied in OOPS
  • Ans. 

    Optimized solutions and core principles applied in OOPS

    • Encapsulation, Inheritance, Polymorphism, Abstraction are core principles of OOPS

    • Optimized solutions can be achieved through efficient algorithms and data structures

    • Design patterns like Singleton, Factory, Observer can also be used for optimized solutions

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - They are looking for best possible solutions. and they are not using that in project then also they ask

Skills evaluated in this interview

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 17 Oct 2021

I applied via Company Website and was interviewed before Oct 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. I was asked mostly about my profile and there expectations.

Interview Preparation Tips

Interview preparation tips for other job seekers - There were two technical rounds and it was of 30 - 40 mins long and interviewer was friendly and made me confortable with them.

I applied via Recruitment Consulltant and was interviewed before Mar 2021. There were 3 interview rounds.

Round 1 - Case Study 

Need to know about Process knowledge

Round 2 - One-on-one 

(1 Question)

  • Q1. Need to know about Technical aspects
Round 3 - HR 

(1 Question)

  • Q1. Salary Discussion and Background verification

Interview Preparation Tips

Interview preparation tips for other job seekers - It’s not Citi bank completely accomplished by TCS mind

I applied via LinkedIn and was interviewed in Mar 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Why should we hire you when we have many in the open market.

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be Yourself.
Maintain an eye - eye contact with the person taking your interview and always maintain a smile on your face.
Most of the cases for an experienced employees they just see the attitude that you maintain while giving the interview.
So, just be confident and smiling.
Thank you !!!

Interview Questionnaire 

1 Question

  • Q1. What's your name

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 25 Jan 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: My strong resume aided in getting shortlisted for Credit Suisse.

Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.

Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.

Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.

Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .

Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.

College Name: IIT KANPUR

Interview Questionnaire 

23 Questions

  • Q1. Why Morgan Stanley?
  • Ans. 

    Morgan Stanley is a top-tier investment bank with a strong reputation for innovation and excellence.

    • Morgan Stanley has a long history of success in the financial industry

    • The company is known for its innovative approach to investment banking

    • Morgan Stanley has a strong reputation for excellence in research and analysis

    • The firm offers a wide range of services to clients, including wealth management and investment banking

    • M...

  • Answered by AI
  • Q2. What between Tower and Morgan Stanley?
  • Ans. 

    Tower and Morgan Stanley are both financial services companies.

    • Tower is a global investment management firm with over $1 trillion in assets under management.

    • Morgan Stanley is a multinational investment bank and financial services company.

    • Both companies offer a range of financial services including wealth management, investment banking, and asset management.

    • Tower is known for its focus on sustainable investing, while Mo...

  • Answered by AI
  • Q3. Strengths/weakness
  • Q4. What is the job profile offered ? Why not phd?
  • Ans. 

    The job profile offered is for an analyst position. A PhD is not required for this role.

    • The job involves analyzing data and providing insights to clients

    • A PhD is not necessary as the role focuses more on practical application of analytical skills

    • The job may require a bachelor's or master's degree in a related field

    • Examples of job responsibilities may include data collection, statistical analysis, and report writing

  • Answered by AI
  • Q5. Minimize the cost of the pen, what innovations can you do with it?
  • Ans. 

    Innovations to minimize cost of pen

    • Use recycled materials for pen body and ink

    • Simplify design to reduce production costs

    • Implement refillable ink cartridges to reduce waste and cost

    • Partner with companies for bulk purchasing of materials

    • Automate production process to reduce labor costs

  • Answered by AI
  • Q6. Prove that for N>= a, N> N^.5 + N^(1/3)+N^(1/4)
  • Ans. 

    Prove N>=N^.5+N^(1/3)+N^(1/4) for N>=a

    • Use AM-GM inequality

    • Substitute N with a and prove the inequality holds

    • Use calculus to find the minimum value of the expression

  • Answered by AI
  • Q7. Statisticss, Algorithms
  • Q8. X, y are random variables with probability distribution ke^(-kx) and ue^(-ux). What is the dist. for min(x,y)
  • Ans. 

    Finding the probability distribution for the minimum of two random variables with given distributions.

    • Use the formula P(min(x,y)>z) = P(x>z)P(y>z)

    • Integrate over the range of z to get the distribution of min(x,y)

    • Final distribution is 2ke^(-kx)ue^(-ux)exp(-uz)

  • Answered by AI
  • Q9. An organism dies out with prob. p and spawns into 2 with prob (1-p). what is the prob. that starting from 1,the organism will die out?
  • Ans. 

    Given prob. p of dying out and prob. (1-p) of spawning into 2, find prob. of dying out starting from 1 organism.

    • Use probability tree to visualize outcomes

    • Probability of dying out starting from 1 is p + (1-p) * (probability of dying out starting from 2)^2

    • Solve recursively to get final answer

  • Answered by AI
  • Q10. In a unit circle, p is chosen uniformly on the circle and q inside the circle, what is the prob. that the rectangle is inside the circle?
  • Ans. 

    Probability of a rectangle being inside a unit circle with p chosen uniformly on the circle and q inside the circle.

    • The probability can be found by calculating the ratio of the area of the rectangle to the area of the circle.

    • The area of the circle is pi and the area of the rectangle can be found using the distance between p and q.

    • The probability is 1/4.

    • Example: If the distance between p and q is 0.5, then the area of t...

  • Answered by AI
  • Q11. Find a local minima of an array in o(log n)? In a functional program
  • Ans. 

    Find local minima of an array in o(log n) in functional programming.

    • Use binary search to find the local minima.

    • Check if the mid element is a local minima, if not, move towards the lower side.

    • If the mid element is greater than its left element, move towards the left side, else move towards the right side.

    • Repeat until a local minima is found.

    • Example: [5, 3, 2, 4, 6, 8, 9] -> local minima is 2.

  • Answered by AI
  • Q12. Write a code to sort a list without pipes?
  • Ans. 

    Code to sort a list without pipes

    • Use a sorting algorithm like bubble sort, insertion sort, or selection sort

    • Implement the algorithm in the programming language of your choice

    • Test the code with different input sizes and types

  • Answered by AI
  • Q13. Find an even length palindrome in a string in o(n)?
  • Ans. 

    To find an even length palindrome in a string in O(n), we can use the two-pointer approach.

    • Initialize two pointers at the center of the string.

    • Expand the pointers outwards while checking if the characters at both pointers are equal.

    • If they are not equal, return the previous substring as the even length palindrome.

    • If the pointers reach the end of the string, return the entire string as the even length palindrome.

  • Answered by AI
  • Q14. A is a matrix vi's are n linear vectors s.t. Avi= Vj a<=j<=n, what are the possible values of |A|?
  • Ans. 

    Possible values of determinant of matrix A given Avi=Vj for n linear vectors

    • The possible values of |A| are non-zero as the given vectors are linearly independent

    • The value of |A| can be calculated using the formula |A| = (-1)^n * det(A)

    • If the given vectors are orthogonal, then |A| is the product of the magnitudes of the vectors

  • Answered by AI
  • Q15. A and B play a game with unfair count with P[Heads]= p. they count # of heads and tails .if # of heads > #tails +1 at any point, A wins.Find the prob. that A wins
  • Ans. 

    A and B play a game with unfair coin. A wins if # of heads > #tails +1 at any point. Find prob. of A winning.

    • The game is played with an unfair coin with P[Heads]=p

    • A wins if # of heads > #tails +1 at any point

    • Find the probability of A winning

  • Answered by AI
  • Q16. Given a sorted array find two element (i,j) s.t. i+j =x in O(n) time?
  • Ans. 

    Find two elements in a sorted array that add up to a given sum in linear time.

    • Use two pointers, one at the beginning and one at the end of the array.

    • If the sum of the two pointers is greater than the target, move the right pointer to the left.

    • If the sum of the two pointers is less than the target, move the left pointer to the right.

    • Repeat until the sum is found or the pointers meet.

    • Example: Given [1, 2, 3, 4, 5] and ta

  • Answered by AI
  • Q17. Question on bubble sort : Given random permutation, suppose i run bubble sort on it.
  • Q18. What is the prob. that element at 20th position lands up at 31st position after the first iteration?
  • Ans. 

    The probability of element at 20th position landing up at 31st position after the first iteration.

    • The probability depends on the size of the dataset and the algorithm used for iteration.

    • If the algorithm involves swapping adjacent elements, the probability is higher.

    • If the dataset is sorted in a way that the element at 20th position is adjacent to the element at 31st position, the probability is 1.

    • The probability can be...

  • Answered by AI
  • Q19. A rod at length l, I randomly put 100 ants in the rod .each ant moves left and right in random direction with l m/s .what is the expected no. of collisions after 30 secs?
  • Ans. 

    Expected number of collisions between randomly moving ants on a rod after 30 seconds.

    • Calculate the probability of two ants colliding at any given time.

    • Use the formula for expected value to find the expected number of collisions.

    • Assume that the ants are point masses and collisions are perfectly elastic.

    • Consider the possibility of multiple ants colliding at the same time.

    • Simulation can also be used to estimate the expect

  • Answered by AI
  • Q20. In how many ways can i permute n numbers 1 2 3...n so that all the no.s between u and i+1 are less than i (for all i in the permutation)?
  • Ans. 

    Counting permutations where numbers between u and i+1 are less than i for all i in the permutation.

    • The first number in the permutation must be 1.

    • For each i in the permutation, all numbers between u and i+1 must be less than i.

    • Use dynamic programming to count the number of valid permutations.

    • The answer is (n-1)th Catalan number.

    • Example: for n=4, the answer is 5.

  • Answered by AI
  • Q21. Find f(n) : pdt F(x) cdf. the value of k> 0 a constant -inf S +inf f(x)*F(kx) dx x follows normal standard distribution?
  • Ans. 

    Finding f(n) for a normal standard distribution with a given constant k.

    • Calculate the product of probability density function and cumulative distribution function.

    • Integrate the product of f(x) and F(kx) from -inf to +inf.

    • The value of k is a constant greater than 0.

  • Answered by AI
  • Q22. Number of inversions in an array in O(nlogn) time?
  • Ans. 

    Number of inversions in an array in O(nlogn) time.

    • Use merge sort algorithm to count inversions

    • Divide the array into two halves and recursively count inversions

    • Merge the two halves and count split inversions

    • Time complexity is O(nlogn)

  • Answered by AI
  • Q23. Given a chessboard 8X8 I put numbers from 1 to 8 in it in such a way that no. x is the mean/average of its neighbor. What is the range of the numbers?

Interview Preparation Tips

Round: Test
Experience: Topics:
1. Statistics
2. Probability distributions
3. Theorms of linear algebra 
4. Algorithms: DP, Puzzle
Duration: 120 minutes
Total Questions: 8

General Tips: Improve on Linear Algebra&#44; Probability, Algorithms.
College Name: IIT KANPUR

Skills evaluated in this interview

I applied via Referral

Interview Questionnaire 

2 Questions

  • Q1. Mostly on Financial accounting
  • Q2. Questions on Cash flow statements ( Project during 1st term )

Interview Preparation Tips

Round: Technical Interview
Experience: number of interviews were 2 where the 2nd was more of a confirmation that I am willing to work with them.
I answered most of the questions they asked except who is teaching you corporate finance. I asked a lot of questions about what they do and what is their view about Indian accounting laws
I think they are looking for knowledge in finance and less of globe during the interview.

Tips: Prof. R. Narayanswamies fundas of financial accounting.
Be thorough with financial.

Skills: Accounting, Finance
College Name: IIM Bangalore

State Street Corporation Interview FAQs

How many rounds are there in State Street Corporation Process Associate II interview for experienced candidates?
State Street Corporation interview process for experienced candidates usually has 1 rounds. The most common rounds in the State Street Corporation interview process for experienced candidates are Technical.
How to prepare for State Street Corporation Process Associate II interview for experienced candidates?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at State Street Corporation. The most common topics and skills that interviewers at State Street Corporation expect are Analytical skills, Asset Management, Automation Testing, Billing and Client Billing.
What are the top questions asked in State Street Corporation Process Associate II interview for experienced candidates?

Some of the top questions asked at the State Street Corporation Process Associate II interview for experienced candidates -

  1. Derivatives and its ty...read more
  2. Corporate action and its t...read more
  3. Ready for rotational shi...read more

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State Street Corporation Process Associate II Interview Process for Experienced

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State Street Corporation Process Associate II Salary
based on 47 salaries
₹3.4 L/yr - ₹6.3 L/yr
12% more than the average Process Associate II Salary in India
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State Street Corporation Process Associate II Reviews and Ratings

based on 8 reviews

3.5/5

Rating in categories

3.2

Skill development

3.4

Work-life balance

3.2

Salary

2.8

Job security

3.1

Company culture

2.8

Promotions

3.2

Work satisfaction

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