Quantitative Risk Analyst Interview Questions and Answers

VaR measures the maximum potential loss within a confidence level, while ES measures the expected loss beyond VaR.

• VaR stands for Value at Risk and measures the maximum potential loss within a specified confidence level.

• ES stands for Expected Shortfall and measures the expected loss beyond the VaR.

• VaR is a single point estimate, while ES provides a more comprehensive view of tail risk.

• ES is considered more conservative and robust than VaR.

• Example: If VaR at 95% confidence leve...read more

List the difference between two arrays of strings

• Loop through each element in the first array and check if it exists in the second array

• If an element is not found in the second array, add it to the difference array

• Repeat the process for the second array to find elements in the first array that are not in the second array