Travelex Junior Financial Analyst Interview Questions and Answers

Q1. Tell me about yourself
Ans. 
Experienced financial analyst with a strong background in financial modeling and data analysis.
• Over 5 years of experience in financial analysis

• Proficient in financial modeling and forecasting

• Skilled in data analysis and interpretation

• Strong attention to detail and problem-solving skills
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Q2. Why smbc and why this role
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I chose SMBC because of its strong reputation in the financial industry and this role because of my passion for financial analysis.
• SMBC has a solid reputation in the financial industry, which aligns with my career goals.

• I am impressed by SMBC's commitment to innovation and growth in the financial sector.

• This role offers me the opportunity to utilize my skills in financial analysis and contribute to the success of the c
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Q1. Questions on regulatory reporting
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Q1. What is TPRM and compliance?
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TPRM stands for Third-Party Risk Management, which involves assessing and managing risks associated with third-party vendors. Compliance refers to adhering to laws, regulations, and industry standards.
• TPRM involves identifying, assessing, and mitigating risks associated with third-party vendors

• Compliance involves following laws, regulations, and industry standards to ensure ethical and legal business practices

• Examples ...read more
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Q2. How do you process it?
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Aptitude test including logical reasoning mathematics questions

Q1. Derivatives and Ind as 109 , behavioural questions
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Q1. What is lease accounting
Ans. 
Lease accounting refers to the accounting treatment of lease agreements by lessees and lessors.
• Lease accounting involves recognizing lease assets and liabilities on the balance sheet.

• There are two main types of leases: operating leases and finance leases.

• Under operating leases, lease payments are expensed over the lease term.

• Under finance leases, the lessee recognizes both an asset and a liability on the balance sheet.

• ...read more
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Q2. What is prepayment
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Prepayment is the payment of a debt before it is due.
• Prepayment is the act of paying off a loan or debt before the scheduled due date.

• It can help save on interest costs by reducing the overall amount owed.

• Common examples include making extra mortgage payments or paying off a car loan early.
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Q3. IFRS for lease accounting
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IFRS 16 is the new lease accounting standard that requires lessees to recognize most leases on their balance sheets.
• IFRS 16 eliminates the distinction between operating and finance leases for lessees, requiring them to recognize all leases on their balance sheets as liabilities with corresponding assets.

• Lessees must calculate the present value of lease payments and recognize a right-of-use asset and lease liability on ...read more
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Q4. Case study on deferral and prepaid concept
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Q1. Discussion on package
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Q1. Tell me about yourself and previous company details
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Q1. Questions related to knowledge in US mortgage and communication skillls
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Q2. What is Forward mortgage
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A forward mortgage is a type of mortgage where the borrower receives the entire loan amount upfront and makes regular payments towards the loan over time.
• Borrower receives the full loan amount at the beginning of the loan term

• Regular payments are made towards the loan, typically including both principal and interest

• Interest rates for forward mortgages can be fixed or adjustable

• Common type of mortgage for purchasing a h
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Q3. WhatI reverse mortgage
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A reverse mortgage is a type of loan for homeowners age 62 and older that allows them to convert part of the equity in their homes into cash.
• Reverse mortgage borrowers do not have to repay the loan until they sell the home, move out, or pass away.

• The loan amount is based on the value of the home, the borrower's age, and current interest rates.

• Interest on a reverse mortgage is not tax-deductible until the loan is paid o...read more
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