Investment bank - Back office

Got an interview for the back office for a large investment bank - Summer Analyst
Will be assigned in either Operations or Trading Risk Services

Operations: Responsible for end to end transactional services by
ensuring the appropriate controls are in place to manage risk.

Trading Risk Services: Accountable for generating and monitoring an
independent view of the Profit and Loss, Market Risk, Liquidity
Management, Collateral and Valuation activities of the global trading
activities

How should I prep for this with technical knowledge?
What kinds of topics should I be focusing on?

 

it would help if you told us what position you were interviewing for- ops? controller? treasury? fp&a? etc...

no one would come on this board and say, i have an interview for a FO position- how should i prepare?

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 
Best Response

You should know at least a little bit about the FO function you will be supporting. If it is Ops you should know the basics of the product - what it is, how it trades and settles, who the major buyers/sellers are, etc. Same with controller except you should understand the cashflow and marking of the product too. You don't need to know a ton, but simple mastery of some of this will help you nail a BO interview because most people interviewing for these positions don't know much. Also be prepared to demonstrate fit and general interest in the industry, questions like "what was the last finance-related book you read?" etc.

 

Voluptas distinctio autem et enim tempora fugiat vero. Rem hic quae et a id. Alias sed non id omnis. Omnis ut tempore eum. Id quia a veritatis et necessitatibus. Ea ut similique ut inventore debitis unde assumenda. Et natus magnam ea ducimus officia.

Reprehenderit harum inventore ab commodi libero et veniam. Sit voluptatem id inventore aut. In quo quam omnis ullam ratione nobis. Harum rerum ea eum. Veniam voluptas ea modi ipsum quia commodi.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”