JPMorgan Chase & Co. Operations Analyst Interview Questions and Answers

Q1. Golden rules of accounting.
Ans. 
Golden rules of accounting guide the recording of financial transactions, ensuring accuracy and consistency in financial reporting.
• 1. Debit what comes in, credit what goes out: This applies to assets. For example, when cash is received, debit cash account.

• 2. Debit all expenses and losses, credit all incomes and gains: For instance, when a service is sold, credit the revenue account.

• 3. Debit the receiver, credit the giv...read more
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Q2. Investment banking structure
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Investment banking involves various divisions that facilitate capital raising, advisory services, and trading activities.
• Investment Banking Division (IBD): Focuses on mergers and acquisitions (e.g., advising on a company sale).

• Sales and Trading: Engages in buying and selling securities for clients and the bank's own account.

• Research: Provides analysis and recommendations on stocks and bonds to inform investment decisio...read more
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Q3. Mostly they asked what is mention in CV
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I have a strong background in data analysis, process optimization, and project management, enhancing operational efficiency.
• Experience in analyzing operational data to identify trends and inefficiencies, leading to a 15% reduction in costs.

• Proficient in using tools like Excel and SQL for data manipulation and reporting.

• Led a project to streamline inventory management, resulting in a 20% decrease in stock discrepancies.

• ...read more
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Q1. Explain Derivatives and its types with examples
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be classified into four main types: futures, forwards, options, and swaps.

• Futures contracts are agreements to buy or sell an asset at a specific price on a future date.

• Forwards are similar to futures but are customized contracts between two parties.

• Options give the holder the right, but not the oblig...read more
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Q2. What is collateral and how will you manage if collateral dispute arise
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Collateral is an asset or property that a borrower offers to a lender as security for a loan.
• Collateral can include real estate, vehicles, equipment, or financial assets.

• In case of a collateral dispute, it is important to review the loan agreement and documentation to determine the rights and responsibilities of both parties.

• Communication with all parties involved is key to resolving the dispute amicably.

• If necessary, ...read more
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Q3. What is margin call and how does same day settlement works ?
Ans. 
Margin call is a demand by a broker for an investor to deposit more money or securities into their account to cover potential losses.
• Margin call occurs when the value of securities in an investor's account falls below a certain level, triggering the need for additional funds.

• Investors must either deposit more funds or sell securities to meet the margin call.

• Same day settlement refers to the process of completing a fina...read more
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Q1. Given me situation with a question of how will i handle that situation with my decision making skills
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Q1. Just for formality
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Q1. How do you define doing the right thing?
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Doing the right thing means making ethical choices that align with values, integrity, and the greater good.
• Ethical Decision-Making: Choosing actions that adhere to moral principles, like honesty and fairness. Example: Reporting a mistake to a supervisor.

• Accountability: Taking responsibility for one's actions and their consequences. Example: Owning up to a project delay and proposing solutions.

• Transparency: Being open a...read more
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Q2. WHy JP Morgan Chase?
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Logic math English was asked

Q1. Take me through your cv
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Q2. Experience in previous internships
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