WIPRO is hiring Freshers for the roles of ANALYST. The details of the job, requirements and other information given below:
WIPRO IS HIRING : ANALYSTÂ
- Qualification : MBA in Finance, CFA, or CA qualification.
- 2021/2022/2023/2024 Batches can apply
- Strong analytical and quantitative skills.
- Proficiency in Microsoft Office tools (MS Excel, MS PowerPoint, and MS Word).
- Ability to summarize complex information succinctly and efficiently.
- Excellent written and verbal communication skills.
- Location: Gurugram
Don’t miss out, CLICK HERE (to apply before the link expires)
Basic Interview Questions and Answers
1. Can you explain what Asset-Backed Securities (ABS) are?
Answer:
Asset-Backed Securities (ABS) are financial products created by pooling different types of loans—like car loans, credit card debt, or home loans. These loans are bundled together and sold to investors. The investors earn money from the payments made by the borrowers. It’s like turning a bunch of small loans into one big product that can be bought or sold.
2. What is the role of an Investment Management Analyst in this job?
Answer:
As an Investment Management Analyst, your job is to help manage and monitor investments made in ABS deals. This includes studying deal documents, checking how the deals are performing, using tools to analyze the cash flows, and making reports for senior managers. Your role is important because you help the company understand if an investment is safe and profitable.
3. What is due diligence in finance?
Answer:
Due diligence means doing a deep check or investigation before making an investment. You review all the documents, check the financial health of the deal, and study the risks. It’s like checking everything before buying a house—making sure the location, price, and condition are right. In this job, it also means analyzing loan data and checking the value of the assets involved.
Intermediate Interview Questions and Answers
4. What tools will you use in this job, and what are they used for?
Answer:
In this role, you’ll use:
Python – to analyze loan data and automate tasks.
Intex – a tool for building and analyzing cashflow models.
Tableau – to create graphs and dashboards that make data easy to understand.
Excel – for calculations, financial models, and tracking.
Street Diligence & Sigma – for analyzing legal and deal documents, and financial reporting.
These tools help in making quick, accurate, and easy-to-understand decisions about investments.
5. What is a cashflow model, and why is it important in structured finance?
Answer:
A cashflow model is a tool that shows how money flows in and out of a deal over time. In structured finance, this helps predict how much money will be received from the borrowers and how it will be paid to the investors. It’s important because it shows the health and performance of the investment. It also helps test how the deal will behave under different conditions (called stress testing).
6. How do you monitor risks in structured finance deals?
Answer:
To monitor risks, I would:
Track covenants and KPIs in the deal agreements.
Update cashflow models regularly to check for any delays in payments.
Watch for asset revaluations, because if assets lose value, the deal may become risky.
Prepare monthly sector reports to spot any big changes in the market.
Run stress tests to see how deals perform under tough conditions, like a market crash.
Advanced Interview Questions and Answers
7. Can you explain covenant monitoring in simple terms?
Answer:
Covenants are rules written into the deal documents. For example, a deal might say that if the value of the assets drops too low, the investor must be paid earlier. Covenant monitoring means checking regularly if all these rules are being followed. If they are broken, it could mean the deal is in trouble and needs action.
8. Tell us how you would handle multiple projects at the same time.
Answer:
I would start by listing all the projects and their deadlines. Then, I would:
Prioritize urgent and important tasks first.
Break each task into small steps and set timelines.
Use tools like Excel or Trello to track progress.
Communicate clearly with the team if I need support.
Set daily goals to stay on track.
By staying organized and focused, I can manage multiple tasks without missing deadlines.
9. Have you ever used Python for financial analysis? Give an example.
Answer:
Yes. In one of my projects, I used Python to analyze loan-level data for an ABS deal. I wrote a script to clean the data, sort it by credit score, and calculate the default rate. This helped us understand the risk level of the deal and saved a lot of time compared to doing it manually in Excel.
10. What is your approach when working on an ad hoc project from senior management?
Answer:
I start by fully understanding the goal of the project by asking clear questions. Then I:
Gather the needed data.
Use tools like Excel, Python, or Tableau to analyze the data.
Prepare a short and clear report with key findings and visuals.
Share the results quickly and ask for feedback.
Make updates if required and document everything for future reference.
I always keep communication open and try to deliver high-quality work fast.
Bonus: Behavioral Questions
11. Tell us about a time when you worked under pressure.
Answer:
During a previous internship, I was asked to prepare a financial model and a report in just two days. I planned the tasks carefully, focused on the important details, and worked late to finish on time. I also double-checked my work for errors. The manager appreciated the accuracy and speed of my work. This taught me how to stay calm and organized under pressure.
12. What does ownership mean to you in your work?
Answer:
Ownership means treating the work as if it’s your own business. I don’t wait to be told what to do. I take responsibility for my tasks, follow through, fix mistakes if they happen, and always try to improve. It also means thinking about how my work affects the team and the company.
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