Compliance Associate Interview Questions
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Compliance Associate interview questions shared by candidates
What do you do when you have a client who does not agree with your assessment and you have to please him but also comply with the rules and regulations?
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First of all, I will ask him regarding on the practices that currently being practiced by him. I will discuss with him on the posibilities of risk that can be occurred and how he can manage and control it. If the control is adequate enough, I will highlight and report it to the Management regarding his best practices and controls. But if he cannot answer me on the controls on how to mitigate risks that we highlighted before, I will highlight to him the implications and the consiquences of my assessment/finding. Or I will put it in the report and recomend to him whether he will require to comply the procedures or change the company's procedure. Less
Provide a process improvement example. Which skill set is more important? Critical thinking, effective communication or attention to details
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Attention to detail is important because most issues would be caught.
Have you investigated accidents?
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I had, up to 2006 when this took place, investigated numerous highway and forklift accidents, as well as personal injuries and was (still am) a Level I Accident Investigator. I investigated near-misses, minor injury incidents, and fatalities, working with various police, fire, and other related organizations. Less
You need approval for content from the head of a group but they haven't responded and they are leaving on holiday this afternoon and do not have time to approve/review the content, what would you do?
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I would ask the group head for someone s/he appoints to approve/review the content in their absence. Less
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Go meet them in person or set up a meeting
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I would ask the group head for someone s/he appoints to approve/review the content in their absence Less
How would you advise a hedgefund manager with a large portfolio who is about to announce at a conference that a Greek exit from the euro is inevitable?
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Th
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How would you advise a hedge fund manager with a large portfolio of WHO is about to announce at a conference That a Greek exit from the euro is Inevitable? sorry sir, this time we should be able to take the euro, or else we will have a big loss in the company. to avoid the losses we have to equate with the euro, because this is the only way to save the company. thank you sir .. Less
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Given that this is a compliance interview question, not a financial analyst interview question, I would address the significant issues, laws, and regulations surrounding market manipulation. Additionally, I'd probably ask the hedge fund manager his strategy, his purpose in making the announcement, and how his portfolio would be affected if his statement were to come true. I'd address the idea of "inevitability," and probably have him back away from bold or harsh words that almost sound like he's guaranteeing the direction of the market. I'd wonder who would be in attendance at this conference and what regulations are involved with a portfolio manager making a public appearance. I'd address any disclosures that would need to be made in conjunction with the public appearance. Less
What does Goldman do?
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Win win win no matter what
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eading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Less
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Advising Investments Financing Securities Servers
What does the risk team do? Name 2 strengths and 2 weaknesses you have. Name some interests and how you pursue them.
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hey have you had a reply after the personality questionnaire yet?
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Yeah, good point. Don't suppose you've heard anything yet have you? No one I know seems to have done Less
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Have you been invited to AC yet?
Why Square, Behavioral Questions, Information about your background and experience.
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Thanks - appreciate you responding! Ha ha :)
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Same thing happened to me, as well. I followed up several times but no reply. I wanted to send them a strongly worded email, telling them how much of my time they wasted but it would do no good, so I didn't. Less
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Same thing happened to me - did you ever hear back?
A taxpayer provides you with telephone records that show 60% personal use and 40% business use. His monthly bill is $75. How much of a deduction for business use would you allow on his taxes for the entire year?
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$30 would be the amount for one month. For the entire year, it would be $360?
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$30
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$30 ($75 x .40 = $30)
Why don't you let all your newspaper staff write online articles?!
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actualy the best answer is that when articals are published on the internet, people tend to have access without paying for the information therefore the abillity to stay in business becomes very difficult Less
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I answered: "Unfortunately our website doesn't work to well so we are confined to the print version of the paper right now." Less
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I don't have a news paper staff but if I did I would have to say that the information is best given in person in order to answer any questions Less