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Wells Fargo Fraud Analyst Interview Questions and Answers

Updated 5 Dec 2024

Wells Fargo Fraud Analyst Interview Experiences

4 interviews found

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
-
Result
Selected Selected
Round 1 - One-on-one 

(1 Question)

  • Q1. Difference between credit card and debit card
  • Ans. 

    Credit card is a form of borrowing money with interest, while debit card is linked to your bank account and uses your own funds.

    • Credit card allows you to borrow money up to a certain limit, while debit card uses funds directly from your bank account.

    • Credit card charges interest on the borrowed amount, while debit card does not have interest charges.

    • Credit card may offer rewards or cashback, while debit card does not ty...

  • Answered by AI
Round 2 - One-on-one 

(2 Questions)

  • Q1. Well Fargo CEO's name
  • Q2. Excel formula's
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - No interview just scenario based 

(2 Questions)

  • Q1. They provided a scenario and I had to explain how I would handle it
  • Q2. How well do you work under pressure?

Fraud Analyst Interview Questions Asked at Other Companies

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Q2. What does fraud mean if you have to explain to explain it to a 12 ... read more
Q3. What is the importance of soft skills in customer dealing busines ... read more
asked in Startek
Q4. How many types of join are there? Explain left outer join
asked in Wipro
Q5. What is fraud and different ways on how we can try to stop it

Fraud Analyst Interview Questions & Answers

user image Anonymous

posted on 25 Oct 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Self Introduction
  • Q2. Short and long term goals
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Feb 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. Charge back Self introduction
Round 2 - Technical 

(1 Question)

  • Q1. Mode of payments
  • Ans. 

    The mode of payments refers to the different methods through which transactions can be made.

    • Cash: Physical currency exchanged between parties.

    • Credit/Debit Cards: Electronic payments made using cards issued by financial institutions.

    • Online Payments: Transactions conducted over the internet using platforms like PayPal, Stripe, etc.

    • Bank Transfers: Direct transfer of funds between bank accounts.

    • Mobile Payments: Payments ma...

  • Answered by AI

Wells Fargo interview questions for designations

 Fraud Investigative Analyst

 (1)

 Senior Fraud Analyst

 (1)

 Fraud Prevention Representative

 (1)

 Analyst

 (10)

 Data Analyst

 (5)

 Business Analyst

 (3)

 Operations Analyst

 (3)

 Quality Analyst

 (2)

Interview questions from similar companies

I appeared for an interview before Jun 2016.

Interview Preparation Tips

Round: Test
Experience: 30 questions, 30

Analyst Interview Questions & Answers

BNY user image amandeep kaur

posted on 28 Jul 2017

I appeared for an interview in Jul 2017.

Interview Preparation Tips

Round: Resume Shortlist
Experience: Tell about myself
Tips: Need to talk. So they can get to know about are communication

Round: Test
Experience: It's a aptitude test of English and finance related questions askef
Duration: 1 hour
Total Questions: 80

I applied via Campus Placement

Interview Questionnaire 

1 Question

  • Q1. A question based on probability of maximizing profit

Interview Preparation Tips

Round: Test
Experience: Easy, time was sufficient, Mostly Quantitative Aptitude
Tips: Chill and steam on till the end
Duration: 45 minutes
Total Questions: 15

Round: Puzzle Interview
Experience: Question was simple I forgot to take into account a factor in my equation but was able to correct my answer immediately upon given a hint

Round: HR Interview
Experience: Nothing special routine HR Questions

General Tips: Relax know yourself and your resume back and front
Skill Tips: A programming background helps
Skills: Quantitative Aptitude
Duration: 2
College Name: IIT Madras
Motivation: To get PPO and pursue an MBA abroad also the stipend is not bad
Funny Moments: When he asked me how much I wanted AmEx I told him that I told the Microsoft Interviewer that I would take an offer from AmEx irrespective. This was before I got interviewed for Microsoft.

PS I got offers from both AmEx and Microsoft

Interview Questionnaire 

3 Questions

  • Q1. What are your long term and short term goals?
  • Ans. 

    My short term goal is to gain experience and improve my skills. My long term goal is to become a leader in my field.

    • Short term goal: Gain experience and improve skills

    • Long term goal: Become a leader in the field

    • Examples: Attend workshops, take on challenging projects, seek mentorship

  • Answered by AI
  • Q2. Where do you see yourself after 5-6 years?
  • Ans. 

    In 5-6 years, I see myself as a senior analyst or manager, leading a team and contributing to the growth of the company.

    • Leading a team of analysts or managers

    • Contributing to the growth of the company

    • Continuing to learn and develop new skills

    • Building strong relationships with clients and colleagues

    • Exploring opportunities for professional growth and advancement

  • Answered by AI
  • Q3. Why didn't you choose to do MBA?
  • Ans. 

    I wanted to gain practical experience and develop my skills in the workforce before pursuing further education.

    • I believe that hands-on experience is invaluable in any field

    • I wanted to develop my skills and knowledge in a practical setting

    • I felt that pursuing an MBA immediately after my undergraduate degree would not provide me with the same level of experience and growth

    • I plan to pursue an MBA in the future, once I hav...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: 20 students were shortlisted on the basis of the resume.

Round: HR Interview
Experience: The interview was a mix of HR and technical interview.

The HR interview was based on simple HR questions – questions about me, my motivations in life. My strengths and weaknesses and work preferences. A major part of my interview focused on questions related to my internship.

In the technical round they asked me questions related to the bank reconciliation statement, effect of various entries on passbook and cashbook and questions related to contra entries.
Tips: My advice is that one should be prepared for any question about their resume. In case you have mentioned any subjects in your resume you should be prepared for the same.

College Name: Lady Shri Ram college

Interview Questionnaire 

6 Questions

  • Q1. Why should the company choose you?
  • Ans. 

    I have the necessary skills, experience, and passion to contribute to the company's growth and success.

    • I have a proven track record of achieving targets and delivering results.

    • I possess strong communication and interpersonal skills, which enable me to work effectively with colleagues and clients.

    • I am a quick learner and adaptable to new technologies and work environments.

    • I am passionate about the industry and committed...

  • Answered by AI
  • Q2. Which political figure do you like?
  • Q3. Which party do you prefer?
  • Ans. 

    I prefer not to disclose my political preference.

    • I believe in keeping my political views private.

    • As an analyst, it is important to remain neutral and unbiased.

    • My personal political preference does not affect my work or analysis.

  • Answered by AI
  • Q4. What is the role of CBI
  • Ans. 

    CBI is the premier investigating agency of India, responsible for investigating high-profile cases.

    • CBI stands for Central Bureau of Investigation

    • It is responsible for investigating cases related to corruption, economic offenses, and special crimes

    • It has the power to investigate cases across state borders

    • CBI is also responsible for maintaining the Interpol wing in India

    • Some high-profile cases investigated by CBI include...

  • Answered by AI
  • Q5. Why are you putting Indian Politics over auditing as you are a commerce student ?
  • Ans. 

    I am interested in both fields and believe that understanding politics is crucial for auditing.

    • Politics and business are intertwined, and understanding the political landscape can help in auditing decisions.

    • As a commerce student, I have learned about the impact of government policies on businesses.

    • In India, politics plays a significant role in shaping the economy and business environment.

    • Having knowledge of political d...

  • Answered by AI
  • Q6. What is your favorite subject?
  • Ans. 

    My favorite subject is history.

    • I love learning about past events and how they shaped the world we live in today.

    • I find it fascinating to study different cultures and civilizations throughout history.

    • I enjoy analyzing historical documents and artifacts to gain a deeper understanding of the past.

    • Some of my favorite topics include ancient Egypt, the Roman Empire, and World War II.

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: Resume was the key criteria in the selection procedure. All students were asked to submit their resume to the placement cell and on the basis of it 10 students were selected.

Round: HR Interview
Experience: There was no written test and there was directly an interview round. In the interview they inquired about me and my family. They also inquired about my interests to which I replied politics. They were looking for a person who has views about different things happening in the society rather a person who remains in his/her shell.

College Name: Lady Shri Ram College

I applied via Campus Placement

Interview Questionnaire 

2 Questions

  • Q1. Why this specific profile? (analyst)
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive strategic decision-making.

    • I have a strong background in data analysis and statistics.

    • I enjoy problem-solving and finding patterns in data.

    • I believe that my analytical skills can add value to the organization by providing actionable insights.

    • I have experience using various analytical tools such as Excel, SQL, and Tableau.

    • I am detail-oriented and thrive

  • Answered by AI
  • Q2. Why finance?
  • Ans. 

    Passion for analyzing data and making informed financial decisions.

    • I have always been fascinated by numbers and analyzing trends.

    • I enjoy the challenge of making sense of complex financial data.

    • I believe finance plays a crucial role in driving business success and growth.

    • I am motivated by the opportunity to help companies make informed financial decisions.

    • I find satisfaction in using data to identify opportunities for i

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: Q: Give me five steps to estimate the number of traffic lights in Bombay.
Me: I will divide the city into equidistant lines, both vertical and horizontal; sort of a mesh. Then I would take vertical and horizontal rectangles i.e. the rectangles which fall on length and breadth of the city. Starting with the horizontal ones I would try to estimate the number of roads going from east to west in each rectangle(depending on the type of area: residential, commercial or a highway) Similarly I would try to estimate the number of roads going from north to south in each vertical rectangle. Now I have the average number of roads per unit length and per unit breadth. Now, I can calculate the average number of roads intersecting per rectangle. Now if I have the data, I can also use the traffic density data to further improve my estimate, i.e. whether the traffic light is required in that rectangle or not.(depending upon the traffic density)
Q: Lets say that golden quadrilateral gets completed tomorrow. What would be its impact on the sales of Ashok Leyland?
Me: Sir, they would increase, as more and more traffic will shift from railways to roadways as the average time taken by road will decrease.
Q: If I say that the sales will decreases by road, the truk will make the same number of trips in less amount of time, thereby rendering overcapacity in the road transport market therefore the sales will decrease.
Me: (I actually didn't let him complete, I interrupted him in between and said that I got the logic)
Tips: Don't try to overstate the facts.

Skills:
Duration: 3
College Name: IIM Lucknow

Wells Fargo Interview FAQs

How many rounds are there in Wells Fargo Fraud Analyst interview?
Wells Fargo interview process usually has 1-2 rounds. The most common rounds in the Wells Fargo interview process are One-on-one Round and Technical.
What are the top questions asked in Wells Fargo Fraud Analyst interview?

Some of the top questions asked at the Wells Fargo Fraud Analyst interview -

  1. Difference between credit card and debit c...read more
  2. Mode of payme...read more
  3. They provided a scenario and I had to explain how I would handle...read more

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Wells Fargo Fraud Analyst Interview Process

based on 4 interviews

1 Interview rounds

  • One-on-one Round
View more
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Wells Fargo Fraud Analyst Salary
based on 197 salaries
₹2.2 L/yr - ₹5.5 L/yr
8% less than the average Fraud Analyst Salary in India
View more details

Wells Fargo Fraud Analyst Reviews and Ratings

based on 29 reviews

3.8/5

Rating in categories

3.4

Skill development

3.5

Work-life balance

3.5

Salary

3.4

Job security

4.1

Company culture

3.1

Promotions

3.5

Work satisfaction

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