Wednesday, April 28, 2010

Jobs in Banking Industry

http://www.babujobs.com/wp-content/uploads/2009/07/Top_Indian_Bank_Jobs.jpg

There has been tremendous growth of banking sector in India with many banking job opportunities and large number of banking job seekers. Private and Public banks along with Indian and Foreign banks are recruiting professionals in huge numbers to meet the growing demand. There are opportunities at all levels i.e. entry level, middle level and top level. Some of the major career opportunities and skills are listed below.

Relationship Managers

Candidate with experience of sales and ability to successfully drive multiple sales targets.

Skills -

- Involves meeting with corporate clients in given portfolio on a regular basis for opening new accounts and ensuring smooth relationships.
- Meet Cross sell challenges across product lines.
- Manage key issues and be a front end all consumer bank related queries for the corporate.

Credit Analyst

Chartered Accountant / MBA (Finance) with accountability for the treasury limit setting process for treasury clients, including the consistent application of the banks credit policy and periodic treasury limit reviews of existing treasury clients, with the goal of optimizing the treasury ability to service clients in Foreign Exchange and Structured Products.

Skills -

- Analyse financial information, such as balance sheets, management accounts and cash flow statements for setting up of treasury limits.
- Assess the credit worthiness of client companies.
- Should be in a position to independently analyze the financial markets, market trends, political and economic indicators and advice structured hedging solutions to corporates.
- Write credit proposals for treasury clients in the banks "credit policy" format.
- Apply for treasury limits through the Account Relationship Manager for clients who already have limit facilities with Corporate Banking Department.

Branch Manager

Development of the Banking functional network. Managing the recruitment / induction of professionals and develop potential managers. Provide leadership and management for other teams. Establish and maintain high standards of work quality, as measured by productivity, customer complaints and repeat business.

Skills -

- Should posses 5 - 10 years of experience in banking industry with past record of achievement in motivating others towards ambitious targets and higher levels of performance.
- Strong Leadership qualities and evidence of ability to motivate, coach and mentor others.
- A breadth and diversity of knowledge of the market place.
- Excellent verbal and written communication skills.

Key Accounts Manager

- Good knowledge and experience in capital markets product knowledge.
- Good personality & communication skills.
- Client acquisition, retention and growth.
- Maintain and manage good relations with HNI Clients and their portfolio composition.

Dealer

- Graduate with NCFM certified (Cash and Derivative Module).
- Communicating trading calls and investing ideas to customers.
- Monitoring day to day operations at Branch.
- Maintaining good relations with clients.
- Knowledge of Equities, Derivatives & Commodities Market, Business Development, client servicing and maintaining of existing & acquired accounts.

Other jobs include transit clerks, cashier, client servicing executives, bank tellers, loan officers and other banking related work professionals.

Monday, April 12, 2010

Top Banking and Finance Interview Questions

Some of the most common interview questions for an investment banking jobs interview include (some are a bit on the tough side but they DO come up very often, increasingly as a means of trimming down the candidate lists as the finance graduate job market gets harsher):-

1. How many degrees (if any) are there in the angle between the hour and the minute hands of a clock when the time is a quarter past three? [Typically asked during investment banking interviews for entry level investment banking graduate jobs]

2. Find the smallest positive integer that leaves a remainder of 1 when divided by 2, a remainder of 2 when divided by 3, a remainder of 3 when divided by 4,... and a remainder of 9 when divided by 10 [Asked during interviews for quantitative finance jobs]

3. Two standard options have exactly the same features, expect that one has long maturity, and the other has short maturity. Which one has the higher gamma? [Typically asked during interviews for bank derivatives trading jobs]

4. How do you calculate an option's delta? [Asked during investment banking interviews for derivatives trading jobs]

5. When can hedging an options position make you take on more risk? [Typically asked during interviews for trading jobs]

6. Are you better off using implied standard deviation or historical standard deviation to forecast volatility? Why? [Asked during interviews for quantitative finance jobs]

7. Describe "duration" and "convexity". Describe their properties and uses [Typically asked during investment banking interviews for graduate investment banking jobs]

8. Two players A and B play a marble game. Each player has both a red and a blue marble. They present one marble to each other. If both present red, A wins Rs 3. If both present blue, A wins Rs 1. If the colours do not match, B wins Rs 2. Is it better to be A or B, or does it matter? [Asked during interviews for quantitative finance or derivatives jobs]

9. How do you "value" yourself? Here "value" means in financial terms [Typically asked during interviews for MBA finance jobs or experienced banking hires]

10. What distinguishes you from other candidates we might hire? [Typically asked during investment banking interviews for graduate investment banking vacancies]

11. If you could go on a cross-country car trip with any three people, who would you choose? Why? [Typically asked during interviews for corporate finance / mergers & acquisitions banking jobs]

12. Tell be about a stock you like or hate and why [Asked by job interviewers for any accounting, finance or job!]

13. What is the difference between default and prepayment risk? [Typically asked during interviews for credit jobs / risk management jobs]

14. How would you move mount Fuji? [Typically asked during investment banking interviews for consulting jobs or graduate accounting jobs]

15. Estimate the annual car demand for car batteries [Typically asked during interviews for corporate finance jobs, mergers & acquisition banking jobs or consulting jobs]