Ernst Young Risk Analyst Interview Questions & Experience Guide

Interview Preparation
,
1

Ernst Young Risk Analyst Interview Questions & Experience Guide

2

Company Name: Ernst & Young

Position: Risk Analyst

Location: [Not specified]

Application Process: Applied via campus placement in November 2020.

Interview Rounds:

  • Round 1 - Technical Interview:

  • Questions Asked:

    • What do you know about the automotive industry?
    • Tell me about a time when you were innovative and it brought a positive outcome.
    • What do you understand by Internal Audit?

  • Your Approach:

    • Researched the automotive industry beforehand to provide a detailed answer.
    • Shared a specific example of innovation from past experiences.
    • Explained Internal Audit clearly, linking it to risk management.

  • Outcome: Successfully cleared the round.

  • Round 2 - HR Interview:

  • Questions Asked: [Details not provided]

  • Your Approach: [Details not provided]

  • Outcome: [Details not provided]

Preparation Tips:

  • Be well-versed with the automotive industry, as the team handles projects related to it.

Conclusion:
The interview process was smooth, and the technical round was particularly focused on industry knowledge and problem-solving. Preparing thoroughly about the automotive sector helped a lot. For future candidates, I’d recommend researching the industry and brushing up on risk management concepts.

3

Company Name: Ernst & Young

Position: Risk Analyst

Application Process: I applied through a recruitment consultant and was interviewed in August 2023.

Interview Rounds:

  • Round 1 - Case Study Round:

    • Questions Asked: A case study on how to increase the penetration of a global electronic manufacturer. The interviewer provided a lot of data and charts.
    • Your Approach: I analyzed the data thoroughly, identified key trends, and proposed actionable strategies to enhance market penetration. I focused on leveraging the company’s strengths and addressing potential challenges.
    • Outcome: Passed this round and moved to the next stage.

  • Round 2 - One-on-One Round:

    • Questions Asked: Behavioral question: “Tell me about a situation where you managed ambiguity?”
    • Your Approach: I shared a specific example from my past experience where I had to navigate uncertainty. I highlighted how I gathered information, collaborated with stakeholders, and made informed decisions despite incomplete data.
    • Outcome: Successfully answered the question and advanced in the process.

Preparation Tips:

  • For case studies, practice analyzing data and presenting structured solutions.
  • For behavioral questions, prepare STAR (Situation, Task, Action, Result) responses to articulate your experiences clearly.

Conclusion:
Overall, the interview process was insightful and challenging. The case study round tested my analytical skills, while the behavioral round assessed my ability to handle ambiguity. I would advise future candidates to practice case studies and refine their storytelling for behavioral questions.

4

Company Name: Ernst & Young

Position: Risk Analyst

Location: Mumbai

Application Process: Applied via campus placement at Ramniranjan Anandilal Podar College of Commerce & Economics, Mumbai, in October 2022.

Interview Rounds:

  • Round 1 - Resume Shortlist:

  • Questions Asked: N/A (Resume screening)

  • Your Approach: Ensured my resume was concise and highlighted relevant skills and experiences.

  • Outcome: Shortlisted for the next round.

  • Round 2 - Aptitude Test:

  • Questions Asked: Basic maths, English, and business ethics-related questions (total of 36 questions).

  • Your Approach: Prepared by revising basic quantitative and verbal skills, along with general business ethics principles.

  • Outcome: Cleared the test and moved to the final round.

  • Round 3 - One-on-One Interview:

  • Questions Asked:

    1. Basic accounting questions.
    2. Questions related to what was mentioned in my resume.
    3. My strengths and weaknesses.

  • Your Approach:

    • For accounting questions, relied on foundational knowledge from coursework.
    • Prepared to discuss every point on my resume in detail.
    • Reflected on my strengths and weaknesses beforehand to provide honest and structured answers.

  • Outcome: Successfully cleared the interview.

Preparation Tips:

  • Go through your resume thoroughly and be ready to explain every point mentioned.
  • Have a clear understanding of your strengths and weaknesses.
  • Review the job description to align your preparation with the role’s requirements.

Conclusion:
The interview process was smooth and well-structured. Being thorough with my resume and preparing for basic aptitude and accounting questions helped me perform well. For future candidates, I’d recommend focusing on clarity in your resume and practicing common interview questions to build confidence.

5

Company Name: Ernst & Young

Position: Risk Analyst

Location: [Not specified]

Application Process: I applied via a referral and was interviewed in June 2022.

Interview Rounds:

  • Round 1 - Resume Shortlist:

  • Questions Asked: No specific questions, but the resume was thoroughly reviewed.

  • Your Approach: Ensured my resume was concise and focused on relevant skills and experiences.

  • Outcome: Successfully shortlisted for the next round.

  • Round 2 - Technical Round:

  • Questions Asked:

    1. SOC (Security Operations Center) related and Networking concepts.
    2. Basic SIEM (Security Information and Event Management) solutions.

  • Your Approach: Prepared by revising networking fundamentals and researching common SIEM tools and their applications.

  • Outcome: Cleared the round with a focus on practical scenarios.

Preparation Tips:

  • Go through networking concepts thoroughly.
  • Focus on real-world scenarios that organizations face in terms of security risks.

Conclusion:
The interview process was smooth, and the questions were aligned with the role’s requirements. I could have practiced more scenario-based questions to be better prepared. For future candidates, I recommend focusing on practical applications of networking and security concepts.

6

Company Name: Ernst & Young

Position: Risk Analyst

Location: Not specified

Application Process: Applied via campus placement before January 2023.

Interview Rounds:

  • Round 1 - Aptitude Test:

    • Questions Asked: Psychometric and aptitude test.
    • Your Approach: Prepared by practicing aptitude questions and familiarizing myself with psychometric test patterns.
    • Outcome: Cleared the round successfully.

  • Round 2 - Group Discussion:

    • Questions Asked: General topics like cloud computing were discussed in a group of 6-8 participants.
    • Your Approach: Actively participated, shared relevant points, and listened to others to build on their ideas.
    • Outcome: Performed well and advanced to the next round.

  • Round 3 - One-on-One Interview:

    • Questions Asked:
      1. Tell us something about yourself.
      2. Questions from my CV.
      3. Follow-up questions on the GD topic (cloud computing).
    • Your Approach:
      1. Gave a concise introduction highlighting my skills and experiences.
      2. Explained my CV points clearly and confidently.
      3. Elaborated on my GD points with additional insights.
    • Outcome: The interview went smoothly, and I received positive feedback.

Preparation Tips:

  • Focus on improving communication skills and spoken English.
  • Gain proficiency in Microsoft Excel, PowerPoint, and analytical tools.
  • Practice group discussions on general and technical topics.
  • Be thorough with your CV and ready to explain any point in detail.

Conclusion:
Overall, the interview process was well-structured and engaging. I felt prepared, but I could have practiced more mock GDs to refine my spontaneity. My advice to future candidates is to focus on both technical and soft skills, as EY values a balanced skill set. Good luck!

7

Company Name: Ernst & Young

Position: Risk Analyst

Application Process: I applied through a recruitment consultant and was interviewed before May 2023.

Interview Rounds:

  • Round 1 - Coding Test:

    • Questions Asked: Python and SQL coding questions, along with verbal reasoning and numerical aptitude tests.
    • Your Approach: I brushed up on my Python and SQL skills beforehand and practiced numerical and verbal reasoning questions to ensure I was comfortable with the format.
    • Outcome: I passed this round and moved on to the next stage.

  • Round 2 - Case Study:

    • Questions Asked: A case study on product launch strategies.
    • Your Approach: I analyzed the case thoroughly, structured my thoughts logically, and presented my recommendations clearly. I focused on aligning the strategies with business goals.
    • Outcome: The interviewers seemed satisfied with my approach, and I advanced further in the process.

Preparation Tips:

  • Practice case studies extensively, especially for roles involving strategy or risk analysis.
  • Brush up on coding skills (Python and SQL) if the role requires technical proficiency.
  • Work on verbal reasoning and numerical aptitude to clear the initial screening rounds.

Conclusion:
Overall, the interview process was smooth and well-structured. I felt prepared, but I could have practiced more case studies to refine my analytical skills further. For future candidates, I’d recommend focusing on case studies and ensuring a strong grasp of technical skills if required for the role.

8

Company Name: Ernst & Young

Position: Risk Analyst

Location: Not specified

Application Process: I applied via a referral in July 2022.

Interview Rounds:

  • Round 1 - Resume Shortlist Round:

  • Questions Asked: N/A (Resume-based shortlisting)

  • Your Approach: Ensured my resume was error-free and highlighted relevant skills and experiences.

  • Outcome: Successfully shortlisted for the next round.

  • Round 2 - One-on-one Round:

  • Questions Asked:

    1. Previous Work Experience
    2. Process of Identification of Risk

  • Your Approach:

    • For the work experience question, I discussed my past roles and how they align with the Risk Analyst position.
    • For the risk identification process, I explained the steps I would take to identify and mitigate risks in a given scenario.

  • Outcome: The interview was a learning experience, and I identified areas for improvement.

Preparation Tips:

  • Double-check your resume for spelling and grammatical errors.
  • Be prepared to discuss your previous work experience in detail.
  • Understand the basics of risk identification and mitigation processes.

Conclusion:
The interview was a valuable experience as a fresher, helping me recognize areas where I need to improve. For future candidates, focus on presenting a polished resume and be ready to articulate your understanding of risk analysis clearly.

9

Company Name: Ernst & Young

Position: Risk Analyst

Location: [Not specified]

Application Process: I applied for the Risk Analyst position at Ernst & Young through a referral in March 2023.

Interview Rounds:

  • Round 1 - Resume Shortlist:

    • Questions Asked: No specific questions were asked in this round. The focus was on reviewing my resume.
    • Your Approach: I ensured my resume was well-formatted and clearly highlighted my relevant skills and experiences.
    • Outcome: My resume was shortlisted, and I moved on to the next round.

  • Round 2 - Technical Round:

    • Questions Asked:
      1. Finance-related question (specific details not provided).
      2. “Tell me about yourself.”
    • Your Approach: For the finance question, I relied on my foundational knowledge and tried to structure my answer logically. For the “Tell me about yourself” question, I kept my response concise, focusing on my background, skills, and why I was interested in the role.
    • Outcome: The round went well, and I felt confident about my responses.

Preparation Tips:

  • Be confident and clear about your basics.
  • Practice fluency in your responses to ensure clarity and coherence.

Conclusion:
Overall, the interview process at Ernst & Young was smooth and well-structured. I believe my preparation and confidence helped me perform well. For future candidates, I’d emphasize the importance of a well-formatted resume and a strong grasp of foundational concepts in your field. Good luck!

10

Company Name: Ernst & Young

Position: Risk Analyst

Location: [Not specified]

Application Process: I applied through a recruitment consultant and was interviewed before March 2021.

Interview Rounds:

  • Round 1 - Technical Round:

    • Questions Asked:
      1. This round was held with a panel of two interviewers (team leaders/managers). It was more of a free-flow conversation rather than a formal Q/A interview. I talked about my past experiences and skills and asked relevant questions about the job role and duties as an analyst.
      2. A question about relocating to the office location was also discussed, as it was one of the deciding factors.
    • Your Approach: I focused on presenting my experiences clearly and engaging in a natural conversation. I also ensured to ask thoughtful questions about the role.
    • Outcome: Passed this round.

  • Round 2 - Assignment Round:

    • Questions Asked: The assessment involved risk assessment for a company using raw data in a spreadsheet. Advanced Excel techniques like pivot tables were required to analyze the data.
    • Your Approach: I used my Excel skills to organize and analyze the data efficiently, ensuring clarity in my findings.
    • Outcome: Successfully completed the assignment.

  • Round 3 - One-on-one Round (with Onshore Client):

    • Questions Asked: This was a candid conversation where I shared my prior experiences, and the interviewer discussed the role in detail.
    • Your Approach: I kept the conversation natural and focused on aligning my skills with the job requirements.
    • Outcome: Passed this round.

  • Round 4 - One-on-one Round (with Senior Leader):

    • Questions Asked: This round was about convincing the senior leader that I was ready for the role and could handle the responsibilities.
    • Your Approach: I emphasized my readiness, accountability, and sense of responsibility, backed by examples from my past work.
    • Outcome: Successfully cleared this final round.

Preparation Tips:

  • Topics to Prepare: Interpersonal skills, presentation skills, and advanced Excel techniques (like pivot tables).
  • General Tips: Be honest and avoid exaggerating your skills. Let the conversation flow naturally. Use appropriate body language and maintain a friendly demeanor. Greet the panel before and after the interview to leave a positive impression.

Conclusion:
Overall, the interview process was smooth and conversational. I focused on being genuine and showcasing my skills without overpromising. My advice to future candidates is to prepare well for technical aspects (like Excel) and to approach the interview as a two-way conversation rather than a test. Good luck!

11

Company Name: Ernst & Young

Position: Risk Analyst

Application Process: I applied through a recruitment consultant and was interviewed before March 2021.

Interview Rounds:

  • Round 1 - Technical Round:

    • Questions Asked:
      • This round was held with a panel of two interviewers consisting of team leaders/managers. It was more of a free-flow conversation rather than a formal Q&A interview. I talked about my past experiences and skills and asked relevant questions about the job role and duties as an analyst.
      • A question about relocating to the office location was also discussed, as it was a deciding factor.
    • Your Approach: I focused on presenting my experiences clearly and engaging in a natural conversation. I also ensured to ask thoughtful questions about the role.
    • Outcome: Successfully cleared this round.

  • Round 2 - Assignment Round:

    • Task: The assessment involved risk assessment for a company using raw data in a spreadsheet. I had to use pivot tables and other advanced Excel techniques to analyze the data.
    • Your Approach: I leveraged my Excel skills to organize and interpret the data efficiently.
    • Outcome: Cleared this round successfully.

  • Round 3 - One-on-One Round:

    • Questions Asked: This round was held with an onshore client and was a candid conversation. It focused on my prior experience and how it aligned with the role.
    • Your Approach: I shared my experiences openly and ensured the conversation remained engaging and relevant.
    • Outcome: Cleared this round.

  • Round 4 - One-on-One Round:

    • Questions Asked: This final round was with a senior leader of the team. The goal was to convince them that I was ready for the role.
    • Your Approach: I emphasized my readiness, skills, and enthusiasm for the position.
    • Outcome: Successfully cleared this round.

Preparation Tips:

  • Focus on interpersonal and presentation skills.
  • Be honest and avoid exaggerating your skills. Let the conversation flow naturally.
  • Use appropriate body language and facial expressions to build rapport.
  • Greet the panel warmly and leave a positive impression.

Conclusion:
Overall, the interview process was smooth and conversational. Being genuine and prepared helped me succeed. My advice to future candidates is to stay confident, be yourself, and ensure you understand the role thoroughly before the interview. Good luck!