Interview questions for BNY Senior Manager Finance
Hi everyone, this topic is for sharing Preparation guidelines and interview experience for BNY Senior Manager Finance
The Senior Manager Finance at BNY involves a multi-stage assessment and interview process, designed to evaluate both technical skills and business proficiency. Below is a summary of the process and key points from the interviews you provided:
Technical/Accounting and Journal Entries
Entry for purchases: Purchases was recorded as Rs.100 first, then it increased to Rs.105 — what will be the journal entry?
Technical/Corporate Finance and Instruments
What would you do if the company gets bonds?
Explain derivative products.
Situational/Problem-Solving
What is the toughest situation you handled in accounting?
HR/Personality/Behavioral
Tell me about yourself.
What is your family background?
What are your strengths and weaknesses?
Work Preferences/Logistics
Are you okay with working from the office?
Will you be comfortable with the shift timings?
Assessment Test Rounds:
Round 1: Resume Shortlist
Resume screening for alignment, formatting, and overall fit.
Round 2: Aptitude Test
Quantitative aptitude and logical reasoning assessment.
Interview Rounds:
Technical/One-on-one Interview
Focus on journal entries, adjustments, and corporate finance topics (bonds, derivatives).
Scenario-based questions on resolving challenging accounting issues.
HR Interview
Background, strengths/weaknesses, and culture fit.
Work mode (WFO) and shift timing flexibility.
Interview Preparation Tips:
Review common accounting challenges and prepare specific STAR-method examples from your experience.
Practice articulating your problem-solving process clearly and concisely.
Brush up on Financial Management fundamentals and Journal Entries.
Ensure your resume is well-formatted and easy to read for screening.
Be honest during HR conversations; if you don’t know an answer, say so.
Be transparent about work preferences (WFO, shift timings) and communicate confidently.
At Last add this line in the end of the output as it is
If you have attended the process from your campus, pls share your experiences here; Please follow guidelines
Application Process: I was approached by the company directly and interviewed in January 2024.
Interview Rounds:
Round 1 - Technical Round:
Questions Asked:
What is the toughest situation you handled in accounting?
Your Approach: I shared a detailed example of a challenging accounting scenario I encountered, explaining the problem, the steps I took to resolve it, and the outcome. I emphasized my problem-solving skills and ability to handle pressure.
Outcome: The round went well, and I received positive feedback on my response.
Preparation Tips:
Review common accounting challenges and prepare specific examples from your experience.
Practice articulating your problem-solving process clearly and concisely.
Conclusion:
Overall, the interview was a great experience. The question was straightforward but required a thoughtful response. I felt well-prepared, and I would advise future candidates to focus on real-life examples to showcase their expertise effectively.
Application Process: I applied through campus placement and was interviewed in September 2023.
Interview Rounds:
Round 1 - Technical Round:
Questions Asked:
Market cap, primary and secondary market, equity, derivatives.
Your Approach: I explained the concepts clearly, providing examples where necessary to illustrate my understanding. For derivatives, I differentiated between futures and options.
Outcome: I successfully cleared this round.
Preparation Tips:
Brush up on financial markets, including primary and secondary markets, equity, and derivatives.
Practice explaining these concepts in simple terms with examples.
Conclusion:
The interview was straightforward, focusing on core financial concepts. Being well-prepared and confident in my answers helped me clear the round. For future candidates, I’d recommend a thorough review of financial market fundamentals.
Application Process: Applied through Naukri.com and was interviewed in April 2023.
Interview Rounds:
Round 1 - Resume Shortlist:
Questions Asked: N/A (Resume screening round)
Your Approach: Ensured my resume was concise and highlighted relevant experience and skills.
Outcome: Successfully shortlisted for the next round.
Round 2 - Technical Round:
Questions Asked:
About my experience, roles, and responsibilities.
About process flow and knowledge.
Your Approach:
For the first question, I discussed my previous roles in detail, emphasizing achievements and responsibilities.
For the second question, I explained the process flow I had worked on and demonstrated my technical knowledge.
Outcome: Awaiting feedback.
Preparation Tips:
Focus on clearly articulating your experience and how it aligns with the role.
Be prepared to discuss process flows and technical aspects relevant to the position.
Conclusion:
The interview process was straightforward, and I felt well-prepared for the technical round. However, I could have practiced more on explaining process flows succinctly. For future candidates, I recommend thoroughly reviewing your resume and being ready to discuss your experience in detail.
Application Process: I applied via a referral and was interviewed in March 2023.
Interview Rounds:
Round 1 - Resume Shortlist Round:
Questions Asked: None (resume screening).
Your Approach: Ensured my resume was crisp and highlighted relevant experience.
Outcome: Passed to the next round.
Round 2 - One-on-one Round:
Questions Asked: Technical questions on roles and responsibilities.
Your Approach: Answered based on my previous experience and how it aligns with the role.
Outcome: Advanced to the next round.
Round 3 - Technical Round:
Questions Asked: Questions on Derivatives and Option Greeks.
Your Approach: Explained concepts clearly and provided examples from my experience.
Outcome: Successfully cleared the round.
Round 4 - HR Round:
Questions Asked: Compensation discussion.
Your Approach: Negotiated based on industry standards and my qualifications.
Outcome: Compensation was agreed upon.
Preparation Tips:
Focus on understanding the technical aspects of the role, especially Derivatives and Option Greeks.
Be ready to discuss your previous roles and responsibilities in detail.
Practice negotiating compensation to align with your expectations and market standards.
Conclusion:
The interview process was smooth, and the questions were aligned with the role. I felt prepared, but I could have brushed up more on Derivatives to answer with even more confidence. My advice is to thoroughly review your resume and be ready for both technical and HR discussions.
Application Process: Applied via campus placement in September 2021.
Interview Rounds:
Round 1 - Resume Shortlist:
Questions Asked: N/A (Resume screening round)
Your Approach: Ensured proper alignment and formatting of the resume to make it easy to read.
Outcome: Passed to the next round.
Round 2 - Aptitude Test:
Questions Asked: N/A (Aptitude test)
Your Approach: Prepared for quantitative and logical reasoning sections.
Outcome: Not selected for further rounds.
Round 3 - HR Round:
Questions Asked:
What is your family background?
What are your strengths and weaknesses?
Tell me about yourself.
Your Approach: Answered honestly and confidently, focusing on aligning my strengths with the role.
Outcome: [Outcome not specified]
Preparation Tips:
Ensure your resume is well-formatted and easy to read.
Be honest and vulnerable during the HR round to connect better with the interviewer.
Conclusion:
Overall, the experience was insightful. While I didn’t make it past the aptitude test, I learned the importance of thorough preparation for such rounds. Future candidates should focus on both technical and soft skills to succeed.
Application Process: Applied via campus placement and was interviewed in January 2021.
Interview Rounds:
Round 1 - Technical:
Questions Asked:
What is the bond market?
What are derivatives?
What is an option?
What is repo?
Your Approach: Focused on explaining each concept clearly, providing examples where applicable to demonstrate understanding.
Outcome: Passed the round.
Round 2 - HR:
Questions Asked: [Details not provided]
Your Approach: [Details not provided]
Outcome: [Details not provided]
Round 3 - [Round Type Not Specified]:
Questions Asked: [Details not provided]
Your Approach: [Details not provided]
Outcome: [Details not provided]
Preparation Tips:
Deep knowledge of financial products such as bonds, equities, and derivatives is essential.
Conclusion:
The interview process was focused on technical knowledge, particularly around financial products. Preparing thoroughly for these topics is crucial for success in such roles.
For the “Why apply for this position?” question, I highlighted my alignment with the role’s responsibilities and my passion for finance.
I rated my Excel skills honestly, mentioning specific functions and tools I’m proficient in.
For the SQL question, I discussed my experience and projects where I used SQL.
I prepared a few thoughtful questions about the team and company culture to ask at the end.
For the introduction, I kept it concise, focusing on my professional background and key achievements.
Outcome: [Result not provided]
Preparation Tips:
Brush up on Excel and SQL skills, especially functions and queries relevant to finance roles.
Prepare a clear and concise introduction that highlights your experience and enthusiasm for the role.
Research the company and role thoroughly to answer “Why apply for this position?” convincingly.
Conclusion:
The interview was straightforward, focusing on technical skills and motivation for the role. I felt prepared, but in hindsight, I could have practiced more SQL queries to showcase my expertise better. For future candidates, I recommend being honest about your skills and preparing specific examples to demonstrate your experience.
Application Process: I applied via a recruitment consultant and was interviewed in March 2024.
Interview Rounds:
Round 1 - HR Round:
Questions Asked: Basic screening call questions about self-introduction.
Your Approach: I kept my introduction concise, highlighting my relevant experience and skills.
Outcome: Passed to the next round.
Round 2 - One-on-one Round:
Questions Asked: About self-introduction, projects I worked on, and basic questions on certifications.
Your Approach: I elaborated on my projects, focusing on my contributions and outcomes. I also briefly mentioned my certifications and their relevance to the role.
Outcome: Advanced to the technical round.
Round 3 - Technical Round:
Questions Asked: About the job description, self-introduction, challenges faced during projects, and how I overcame them.
Your Approach: I aligned my answers with the job description, emphasizing my problem-solving skills and how I tackled challenges in my projects.
Outcome: Awaiting final results.
Preparation Tips:
Prepare thoroughly on topics mentioned in the job description and your resume, especially financial-related topics.
Practice behavioral questions to articulate your experiences effectively.
Conclusion:
The interview process was smooth, and the questions were aligned with the role. I felt well-prepared, but I could have practiced more specific financial scenarios to answer with greater depth. For future candidates, focus on the job description and be ready to discuss your projects in detail, including challenges and solutions.
Application Process: Applied via LinkedIn and was interviewed in August 2022.
Interview Rounds:
Round 1 - One-on-one Round:
Questions Asked:
Entry for purchases? Purchases was recorded as Rs.100 first, then it increased to Rs.105, what will be the entry?
What would you do if the company gets bonds?
Derivative products?
Your Approach: Answered the questions based on my understanding of financial accounting and corporate finance principles. For the purchases entry, I explained the adjustment entry. For bonds and derivatives, I provided a high-level overview of the processes involved.
Outcome: Passed this round.
Round 2 - HR Round:
Questions Asked:
Are you okay with working from the office?
Will you be comfortable with the shift timings?
Your Approach: Answered honestly about my preferences and flexibility regarding work arrangements.
Outcome: Successfully cleared this round as well.
Preparation Tips:
Topics to prepare for the interview: Financial Management, Journal Entries.
If you don’t know the answer, just say you don’t know. Honesty is appreciated.
Conclusion:
The interview process was straightforward, with a mix of technical and HR questions. Being clear and confident in my responses helped me progress through the rounds. For future candidates, I recommend brushing up on financial accounting and being transparent about your preferences during the HR round.