Fidelity International Associate Interview Questions and Answers

Reconciliation is the process of ensuring two sets of records are in agreement and accurate.

• Reconciliation involves comparing financial transactions or statements to ensure they match

• It helps identify discrepancies or errors that need to be resolved

• Examples include reconciling bank statements with accounting records or inventory counts with sales records

The Companies Act contains various sections that govern the functioning of companies.

• The Companies Act typically includes sections related to incorporation, management, accounts, audit, and winding up of companies.

• For example, Section 2 of the Companies Act defines important terms used throughout the legislation.

• Section 149 deals with the appointment and qualification of directors.

• Section 185 restricts certain types of...read more

The 3 types of steps in KYC are Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).

• Customer Identification Program (CIP) involves verifying the identity of the customer through documents like ID cards, passports, etc.

• Customer Due Diligence (CDD) involves assessing the risk associated with a customer by gathering information about their identity, address, and financial ...read more