Broker Dealer Analyst Interview - Government - Federal
Anonymous interview candidate in New York
Interviewed:
July
2014
Date Submitted:
Aug 12, 2014
Outcome
No Offer
Interview Source
Recruiter
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Skills Test
Interview
The leading niche called me in july about a broker-dealer analyst position. They requested me to fill out a skill sheet asking about yrs of exp in different functions, incl. excel, bloomberg, reviewing financial statements, audit reports, net cap requirements, finra rule 15c3-5 etc.
Note: I did not have direct experience with finra reports or some of the more specific compliance rules and functions. When I first returned the skill sheet reflecting this, the recruiter called and urged me to include any 2nd-hand exposure from when I interned at a brokerage house some three years earlier, and to revise the skill sheet showing at least 6 months experience for each function. I wanted the chance to interview so I followed her instructions and came in the following week.
When I got there, I was told the position was with the sec and given some background on the position. She started by asking typical walk me through your resume type questions, describe a time you managed a difficult situation, etc. Then 2 excel tests, 1st was to sort columns of data in a certain order (days of the week) and 2nd was make a pivot table to organize a large set of data. Then a net capital calculation. Last, I was given 25min to read a company review by 2 ratings agencies and write my own review using their relevant points to create my argument. After this, I had some time for questions.
Note: I did not have direct experience with finra reports or some of the more specific compliance rules and functions. When I first returned the skill sheet reflecting this, the recruiter called and urged me to include any 2nd-hand exposure from when I interned at a brokerage house some three years earlier, and to revise the skill sheet showing at least 6 months experience for each function. I wanted the chance to interview so I followed her instructions and came in the following week.
When I got there, I was told the position was with the sec and given some background on the position. She started by asking typical walk me through your resume type questions, describe a time you managed a difficult situation, etc. Then 2 excel tests, 1st was to sort columns of data in a certain order (days of the week) and 2nd was make a pivot table to organize a large set of data. Then a net capital calculation. Last, I was given 25min to read a company review by 2 ratings agencies and write my own review using their relevant points to create my argument. After this, I had some time for questions.
Interview Questions
I had a hard time describing my auditing experience, finra rules/reports, broker-dealer accounting, net capital, bc I had little exposure to that.
I suppose I could have brushed up on the basics when I saw what was asked on the skill sheet, but I didn't.
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