State Street Corporation Interview Questions, Process, and Tips

It will be easy, very basic accounting questions they will ask

Q1. Knowledge about the financial system
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Q2. Basic question (introducing yourself)
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It contained 4 parts one is aptitude next is Soft skills next is Domain session and final one is Excel based questions.

Q1. It was a friendly interview.
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Q1. Accounting related questions
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Q1. Accounting related questions
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Q1. CTC discussions
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Q1. What is Nav calculation
Ans. 
NAV calculation refers to the process of determining the net asset value of a fund.
• NAV calculation involves valuing all the assets in a fund, subtracting liabilities, and dividing by the number of outstanding shares.

• It is typically done at the end of each trading day to provide an accurate reflection of the fund's value.

• NAV calculation is important for investors to understand the true value of their investments in the
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Q2. What is derivative
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A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or entity.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.

• The value of a derivative is based on the expected future pri...read more
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Q1. Introduction about you
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Q2. Expalain what is RCSA, Control testing
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RCSA stands for Risk and Control Self-Assessment. Control testing is a process of evaluating the effectiveness of internal controls.
• RCSA is a risk management technique used to identify, assess, and evaluate risks and controls within an organization.

• Control testing involves testing the design and operating effectiveness of internal controls to ensure they are working as intended.

• Examples of control testing include walkt...read more
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Q3. Why change now? Or why state street
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Q1. Tell me about yourself.
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I am a dedicated and experienced professional with a strong background in project management and team leadership.
• Over 10 years of experience in project management

• Proven track record of successfully leading cross-functional teams

• Strong communication and interpersonal skills

• Proficient in budget management and resource allocation
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Q1. What is the process of trade settlement?
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Trade settlement is the process of transferring securities and funds between parties involved in a trade.
• Trade settlement involves confirming the trade details, transferring securities from seller to buyer, and transferring funds from buyer to seller.

• The settlement process typically includes trade matching, clearing, and settlement.

• Examples of trade settlement systems include the Depository Trust & Clearing Corpora
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Q1. What are your thoughts on negotiating salary?
Ans. 
Negotiating salary is important to ensure fair compensation for your skills and experience.
• Research industry standards and salary ranges for your position

• Highlight your qualifications and achievements during negotiations

• Be prepared to discuss your value to the company and why you deserve a higher salary

• Consider other benefits or perks that may be negotiable in addition to salary
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