UBS Associate Director Interview Questions and Answers

Answering questions related to bond valuation, duration, maturity, and risk mitigation.

• A bond's value is determined by its present value of future cash flows

• Duration measures the bond's sensitivity to interest rate changes

• Maturity is the date when the bond's principal is repaid

• Risk exposure can be mitigated by diversification, credit analysis, and hedging strategies

Derivative process flow involves identifying, analyzing, and managing financial risks associated with derivative products.

• The process starts with identifying the underlying asset or security.

• Next, the derivative product is selected based on the desired risk exposure.

• The risk associated with the derivative product is then analyzed and quantified.

• Risk management strategies are implemented to control and mitigate the identified risks.

• These strategies may include hedging, diversi...read more

Functional interface is an interface with only one abstract method. It enables lambda expressions and method references.

• Functional interface is used to enable lambda expressions and method references in Java 8.

• It has only one abstract method and can have any number of default or static methods.

• Examples of functional interfaces are Runnable, Consumer, Predicate, Function, etc.

Query to find second highest salary in a database

• Use the SELECT statement to retrieve all salaries in descending order

• Use the LIMIT keyword to limit the result set to the second row

• Use the OFFSET keyword to skip the first row

• Example: SELECT salary FROM employees ORDER BY salary DESC LIMIT 1 OFFSET 1

GroupingBy method in Java 8 is used to group elements based on a specified property.

• GroupingBy method is a part of the java.util.stream package

• It takes a classifier function as an argument to group elements based on a property

• It returns a Map> where K is the property used for grouping and List contains the elements that belong to that group

• Example: Map> employeesByDepartment = employees.stream().collect(Collectors.groupingBy(Employee::getDepartment));

Currently leading the implementation and design of a new project

• Developing project timelines and milestones

• Collaborating with cross-functional teams to ensure successful implementation

• Utilizing project management tools to track progress and identify potential roadblocks

• Iterating on design based on user feedback and testing

• Ensuring alignment with overall strategic goals and objectives

Different joins in SQL

• Inner join: returns only matching rows from both tables

• Left join: returns all rows from left table and matching rows from right table

• Right join: returns all rows from right table and matching rows from left table

• Full outer join: returns all rows from both tables

• Cross join: returns all possible combinations of rows from both tables