Associate Analyst 2 Interview Questions and Answers

Types of variances in standard costing include material, labor, and overhead variances. Analysis involves comparing actual costs to standard costs.

• Material variance: the difference between actual material costs and standard material costs. Example: purchasing materials at a higher price than expected.

• Labor variance: the difference between actual labor costs and standard labor costs. Example: paying workers overtime when it was not budgeted for.

• Overhead variance: the differenc...read more

Swaps are financial contracts between two parties to exchange cash flows. Types include interest rate, currency, commodity, and equity swaps.

• Interest rate swaps involve exchanging fixed and floating interest rate payments.

• Currency swaps involve exchanging principal and interest payments in different currencies.

• Commodity swaps involve exchanging cash flows based on the price of a commodity.

• Equity swaps involve exchanging cash flows based on the performance of an underlying sto...read more

Money laundering involves several steps to disguise the origins of illegally obtained funds.

• Placement: Introducing illegal funds into the financial system.

• Layering: Conducting complex financial transactions to obscure the audit trail.

• Integration: Reintegrating laundered funds back into the legitimate economy.

• Examples: Buying expensive assets, using shell companies, transferring funds through multiple accounts.

Red flags in AML include unusual transactions, inconsistent customer behavior, high-risk jurisdictions, lack of proper documentation, and frequent cash transactions.

• Unusual transactions: Large, frequent, or unexplained transactions may indicate money laundering.

• Inconsistent customer behavior: Sudden changes in transaction patterns or customer information can be a red flag.

• High-risk jurisdictions: Transactions involving countries known for money laundering activities are suspi...read more

PEP (Post-Exposure Prophylaxis) and entities like viruses differ in purpose and application in healthcare.

• PEP is a preventive treatment after potential exposure to HIV.

• Entities like HIV are pathogens that cause disease.

• PEP is time-sensitive and must be started within 72 hours of exposure.

• Entities can include bacteria, viruses, or other microorganisms.

I am a detail-oriented analyst with a passion for data-driven decision-making and a strong background in research and analysis.

• Educational Background: I hold a degree in Economics, where I developed strong analytical skills through coursework and projects.

• Professional Experience: I interned at XYZ Corp, where I assisted in data analysis for market research, leading to a 15% increase in sales.

• Technical Skills: Proficient in Excel, SQL, and data visualization tools like Tableau...read more

Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

• Money laundering involves disguising the origins of illegally obtained money by passing it through a complex sequence of banking transfers or commercial transactions.

• The purpose of money laundering is to make the money appear as if it comes from a legitimate source, thus avoiding ...read more