Risk Analyst Interview Questions
Banks and insurance companies hire risk analysts to derive risk from financial circumstances and documentation. Interviewers will probably pose targeted questions to discern how well you are able to maintain your objectivity. You may also be asked about your experience with financial software as the field is constantly evolving.
Top Risk Analyst Interview Questions & How to Answer
Here are three of the most frequently asked risk analyst interview questions and how to answer them:
Question #1: Which strategy do you use for preparing risk analysis reports?
How to answer: This question is a practical question that the interviewer asks to gauge your ability to write a report. Start by confirming the importance of submitting a clear and detailed risk analysis report. Explain the outline you use to structure the document and how your strategy accurately conveys the content to the reader.
Question #2: When assessing the financial health of an organization, which factor do you believe is the most important?
How to answer: The interviewer is interested in your theoretical approach to financial assessments. Confidently explain the factor you choose and link it to your experience by providing examples of how you've depended on that factor in previous situations.
Question #3: How do you gather data, and how often do you update it?
How to answer: This is a question that the interviewer poses to determine whether you possess strong research skills and whether you revise your risk analysis when new information comes to light. Describe the data that you collect and its source. Your answer should reflect different updating frequencies for different data categories.
Tell me about a time you were aware of an unsafe trend within your company. How did you respond to the situation and what were the results?
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I provided an example that described the situation observed, my analysis and the results. Results given were immediate and long term results. As well, I provided the other changes made that were a result from the resolution. Less
"What are the relationship between the three major financial statements"
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Starts with the income statement, which brings you to net income. Net income is used to start the statement of retained earnings. Once retained earnings is calculated it is posted to the balance sheet in the equity section of the statement. Net income is also used to start the cash flows statement, which eventually gives you the change in cash flows that is posted in the asset section of the balance sheet. Less
Do you know ERP solutions? If so, what is your experience in implementing and/or auditing them.
How did you solve the problem with a customer whose product has not delivered on the expected date which he has ordered for his friend's b'day?
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50% cash back in his Amazon wallet. That way that 50% money that he got has to be spent on Amazon itself and Amazon just sold two items instead of one. Less
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By giving him a consolation gift which would include specialised wishes from amazon. Less
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If possible through amazon policy, we can extend the no. of replacement days that is normally 10 to the days the product got delay +10 or we can provide same day/ next day delivery option free of cost on his next purchase. Less
How do you get a plastic ball out of a cup without touching the cup.
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Fill it with water until it overflows... :)
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Fill it with mercury until it overflows...
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Using telepathy, push the cup over.
Brain Teaser: A snail goes up 3 feet during the day and falls 1 foot at night. How long does it take him to go up 10 feet?
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It doesn't say how long does it take him to make it ten feet up the wall. It just says, how long does it take for him to move up ten feet. That's 3 1/3 days (assuming equal movement throughout the day). Although he will have moved "up" ten feet, he will have also fallen back and will not be ten feet up the wall. Of course, you can also interpret it as the other answers suggest. Less
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4 days and 16 hours 16 hours because by the end of the 4th day, it is 8 feet up on the wall and only needs to climb up 2 feet. Well, assuming that the snail travels 3 feets uniformly throughout the day, then it needs to travel an additional (2/3)*24 = 16 hours for it to climb up that extra 2 feet for it to be at the height of 10 feet. Less
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4 days and 8 hours, assuming the day is 12 hours long and the night is 12 hours long. Almost agree with the >4 days answer above, however not quite agree with the (2/3)*24=16 hours part. The snail climbs 3 feet in the day, which would definitely be shorter than 24 hours. If we assume the day means 24/2=12 hours. on the 5th day, the snail took 2/3*12=8 hours to reach 10 feet. So that would be 4 days and 8 hours, assuming the day is 12 hours long and the night is 12 hours long. Less
Tell me about a time where you negotiated with someone.
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By using samples and Guarantee trust I’ve not only secured clients but also maintained their loyalty by providing extra than what others provide. Less
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I’m always Negotiating especially in down town markets on how to get the best quality at the best fair price possible. From Clothing , to fair banks accounts, Service provider prices that are in the best interest to all the parties involved yes I want the best price but that price should also be favorable for the client in terms of value gained Less
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During my josh school final year break I negotiated with the manager at Tastebuds a fast food spot in Ntinda for a job and salary I got the job and I was paid well At least according to what I was willing to take back then Less
What is the angle between the minute and hour hand of a standard clock if the time is currently 3:15
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yup... http://brainteaserbible.com/interview-brainteaser-puzzleclock-three-angle Less
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yup... http://brainteaserbible.com/interview-brainteaser-puzzleclock-three-angle Less
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Acute angle
WHAT IS YOUR AGE??? - A totally prohibited ground in HR context.
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Look at the question: "What is your age?" That's different from "How old are you?" Answer accordingly. Less
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I was asked this question by the CEO of a company during my telephonic interview. Even though I didn't ask, told me his age. That just seemed weird and not very professional. This wasn't Deloitte. Less
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So many ways to find this information - in a, sort of, sneaky way. Has no-one noticed that now you not only being asked for your degrees but what year you obtained them - easy enough to extrapolate in the majority of cases... Less