Yes Bank Fraud and Risk Analyst Interview Questions and Answers

Debit and credit processes involve recording financial transactions in a bank account.

• Debit transactions decrease the account balance, while credit transactions increase it.

• Debit cards are used to make payments directly from the account balance.

• Credit cards allow users to borrow money up to a certain limit.

• Debits and credits are recorded in the bank's ledger to track account activity.

• Bank statements show a summary of d...read more

Developed a fraud detection system using machine learning algorithms

• Used Python for data preprocessing and model building

• Implemented logistic regression and random forest algorithms

• Evaluated model performance using precision, recall, and F1 score

• Tested the system on real-world financial data to identify fraudulent transactions

I chose the banking sector due to its dynamic nature, opportunities for growth, and the chance to work with cutting-edge technology.

• Opportunities for career growth and advancement

• Dynamic nature of the industry

• Chance to work with cutting-edge technology

English, Spanish, French

• English - Fluent in reading, writing, and speaking

• Spanish - Conversational level

• French - Basic understanding

Banking terms and definitions

• Interest rate: The amount charged by a lender to a borrower for the use of assets.

• Credit score: A numerical representation of a person's creditworthiness.

• Collateral: Assets pledged by a borrower to secure a loan.

• Overdraft: A deficit in a bank account caused by drawing more money than is available.

• APR (Annual Percentage Rate): The annual rate charged for borrowing or earned through an invest