Senior Associate 1 Interview Questions and Answers for Freshers

Position and cash reconciliation involves comparing the positions and cash balances to ensure accuracy.

• Position reconciliation involves comparing the securities held in the portfolio to the records of the custodian or broker.

• Cash reconciliation involves comparing the cash balances in the portfolio to the records of the custodian or bank.

• Position breaks occur when there are discrepancies in the securities held, but the cash balance is correct.

• Cash breaks occur when there are d...read more

Order management is the process of overseeing and controlling all aspects of order fulfillment, from order placement to delivery.

• It involves receiving and processing customer orders.

• It includes inventory management to ensure product availability.

• Order management also includes order tracking and monitoring.

• It involves coordinating with various departments like sales, warehouse, and shipping.

• Examples: receiving an online order, updating inventory, tracking shipment status.