20+ Senior Analyst II Interview Questions and Answers

In BRS, check bank statement against company records. Possible causes of balance difference: timing issues, errors, bank fees.

• Compare bank statement with company records

• Check for timing issues, such as outstanding checks or deposits in transit

• Look for errors in recording transactions

• Consider bank fees or charges that may affect the balance

The approach to rating an NBFC with a manufacturing parent involves analyzing the parent's financial strength and the NBFC's business model.

• Assess the parent company's creditworthiness and financial stability

• Evaluate the NBFC's business model and its relationship with the parent company

• Analyze the NBFC's risk management practices and regulatory compliance

• Consider the industry and market conditions in which the NBFC operates

• Look at the NBFC's financial performance and projecti...read more

Ranking students based on their performance using a query

• Use the RANK() function in SQL to assign a rank to each student based on their performance

• Order the students by their performance metric (e.g. grades) in descending order

• Handle ties by using the DENSE_RANK() function instead of RANK()

• Consider using the ROW_NUMBER() function if you want to assign unique ranks without handling ties

VPN stands for Virtual Private Network, a secure connection that allows users to access the internet privately and securely.

• VPN creates a secure encrypted connection over a less secure network, such as the internet.

• It masks your IP address and encrypts data to ensure privacy and security.

• VPN can be implemented using VPN software or apps, configuring VPN settings on devices, or using VPN routers.

• Examples of VPN services include NordVPN, ExpressVPN, and CyberGhost.

IPsec stands for Internet Protocol Security, a protocol suite used to secure Internet Protocol (IP) communications.

• IPsec provides authentication, integrity, and confidentiality for data transmitted over a network.

• It can be implemented through various protocols such as Authentication Header (AH) and Encapsulating Security Payload (ESP).

• IPsec can be used to create Virtual Private Networks (VPNs) for secure communication over public networks.

• Implementation involves configuring s...read more

Ownership drilldown is done by analyzing the ownership structure of a company to identify major shareholders and their respective stakes.

• Start by obtaining the company's latest shareholder list

• Identify major shareholders and their percentage ownership

• Drill down further to identify any parent companies or subsidiaries

• Analyze the voting rights and influence of each major shareholder

• Consider any institutional investors or mutual funds holding significant stakes

RCM stands for Reliability Centered Maintenance. It is a proactive maintenance strategy focused on ensuring equipment reliability.

• Identify critical assets

• Determine failure modes and effects

• Develop maintenance strategies

• Implement maintenance plans

• Monitor effectiveness and adjust as needed

Using grep to extract 10 lines before and after a pattern match

• Use the -B and -A flags with grep to specify the number of lines before and after the match

• Example: grep -B 10 -A 10 'pattern' file.txt

• This will display 10 lines before and after the lines containing 'pattern' in file.txt

Identify and delete files accessed in the last 365 days.

• Use a command line tool like find to search for files accessed within the last 365 days.

• Once identified, use the rm command to delete the files.

• Be cautious when deleting files to avoid removing important data.

• Consider creating a backup of the files before deletion.

Assumptions of linear regression include linearity, independence, homoscedasticity, and normality.

• Linearity: The relationship between the independent and dependent variables is linear.

• Independence: The residuals are independent of each other.

• Homoscedasticity: The variance of the residuals is constant across all levels of the independent variables.

• Normality: The residuals are normally distributed.

• Example: In a study examining the relationship between study hours and exam score...read more

Derivative market is a financial market where financial instruments derive their value from an underlying asset.

• Derivatives are contracts between two parties that derive their value from an underlying asset such as stocks, bonds, commodities, currencies, or interest rates.

• Common types of derivatives include futures, options, swaps, and forwards.

• Derivative markets are used for hedging, speculation, and arbitrage.

• Participants in derivative markets include institutional investor...read more

Wealth management involves financial planning, investment management, and other financial services to help individuals and families grow and protect their wealth.

• Involves creating a personalized financial plan based on individual goals and risk tolerance

• Includes investment management to grow wealth through various asset classes

• Provides services such as retirement planning, tax planning, estate planning, and risk management

• Often offered by financial advisors, wealth managers, ...read more

Journal entry for AP involves debiting accounts payable and crediting the corresponding expense or asset account.

• Debit accounts payable to decrease the amount owed to suppliers

• Credit the corresponding expense or asset account to reflect the payment made

• Ensure the journal entry balances by debiting and crediting the same amount

SOX audit refers to Sarbanes-Oxley Act audit, which is a mandatory audit of internal controls over financial reporting.

• SOX audit is required by the Sarbanes-Oxley Act of 2002 to ensure accuracy and reliability of financial statements.

• It focuses on evaluating and testing the effectiveness of internal controls related to financial reporting.

• SOX audit helps in preventing corporate fraud and ensuring transparency in financial operations.

• Examples of SOX audit procedures include te...read more

The end to end KYC process involves verifying the identity of customers from onboarding to ongoing monitoring.

• Customer onboarding: Collecting customer information and verifying identity documents.

• Risk assessment: Evaluating the risk associated with the customer based on their profile.

• Ongoing monitoring: Regularly updating customer information and conducting periodic reviews.

• Compliance checks: Ensuring compliance with regulatory requirements throughout the process.

A network is a collection of computers, servers, mainframes, network devices, and other devices connected to one another to share data and resources.

• Networks can be classified based on their size (LAN, WAN, MAN)

• They can be wired or wireless

• Common network devices include routers, switches, and firewalls

• Examples of networks include the internet, intranets, and extranets

A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.

• Hedge funds are typically only accessible to high-net-worth individuals or institutional investors.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets including stocks, bonds, commodities, and currencies.

• They aim to generate high returns for their investors, often through active ...read more

The OSI model is a conceptual framework that standardizes the functions of a telecommunication or computing system into seven layers.

• The OSI model stands for Open Systems Interconnection model.

• It consists of seven layers: Physical, Data Link, Network, Transport, Session, Presentation, and Application.

• Each layer has specific functions and interacts with adjacent layers.

• The model helps in understanding how data is transmitted over a network.

• For example, the Physical layer deals...read more

Fundamental analysis of credit involves evaluating the financial health of a borrower to determine their creditworthiness.

• Assessing the borrower's income, expenses, assets, and liabilities

• Analyzing the borrower's credit history and credit score

• Evaluating the borrower's ability to repay the loan

• Examining the borrower's industry and market trends

• Considering macroeconomic factors that may impact the borrower's ability to repay

• Example: analyzing a company's financial statements t...read more

The 837 claim form is a standard electronic format used by healthcare providers to submit healthcare claims to payers.

• Standard format for submitting healthcare claims electronically

• Contains information such as patient demographics, provider information, diagnosis codes, procedure codes, and billing information

• Used by healthcare providers to request payment for services rendered

• Helps streamline the claims submission process and reduce errors

• Ensures consistency and accuracy in ...read more

My strength lies in my analytical skills, enabling me to derive insights from complex data sets effectively.

• Strong proficiency in data analysis tools like Excel and SQL, demonstrated by optimizing reporting processes in my previous role.

• Ability to identify trends and patterns in data, which helped my team increase efficiency by 20% in project delivery.

• Experience in presenting data-driven insights to stakeholders, leading to informed decision-making and strategic planning.

Risk drivers in NBFCs

• Lack of diversification in loan portfolio

• Dependency on short-term funding sources

• Inadequate risk management practices

• Exposure to external factors such as economic downturns

• Lack of regulatory oversight

• Fraudulent activities by employees or borrowers

Write a query to find the total sales amount for each product in the past month.

• Use GROUP BY clause to group sales by product

• Use SUM function to calculate total sales amount

• Filter sales data for the past month using WHERE clause

GAAP accounting standards are a set of guidelines and rules used in the US to prepare and present financial statements.

• GAAP stands for Generally Accepted Accounting Principles

• GAAP ensures consistency and transparency in financial reporting

• Examples of GAAP principles include revenue recognition, matching principle, and materiality

A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or rate.

• Derivatives can be used for hedging, speculation, or arbitrage

• Common types of derivatives include options, futures, forwards, and swaps

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date

• Futures are contracts to buy or sell an asset at a future date for a predetermined price

• Forwards are...read more

Joins using Pandas involve merging two or more dataframes based on a common column or index.

• Use pd.merge() function to join dataframes based on a common column.

• Specify 'how' parameter to define the type of join (inner, outer, left, right).

• Use 'on' parameter to specify the column to join on.

• Example: pd.merge(df1, df2, how='inner', on='common_column')