Shinhan Bank Vice President IT Interview Questions and Answers

As a Credit Manager, my previous key role was overseeing the creditworthiness of customers and managing the credit risk for the company.

• Evaluated and analyzed the creditworthiness of potential customers

• Established credit limits and terms for customers based on their financial stability

• Monitored and managed the credit risk exposure of the company

• Implemented credit control measures to minimize bad debt

• Worked closely with...read more

Profit and loss ratios are financial metrics used to assess the profitability of a company.

• Profit ratio measures the percentage of profit earned on sales.

• Gross profit ratio is calculated by dividing gross profit by net sales.

• Net profit ratio indicates the percentage of net profit earned on sales.

• Operating profit ratio measures the profitability of core operations.

• Return on investment (ROI) is a common profitability rat...read more

Concurrent audit is conducted during the course of business operations, while statutory audit is conducted at the end of the financial year.

• Concurrent audit is performed concurrently with the operations of the organization.

• Statutory audit is conducted to ensure compliance with legal and regulatory requirements.

• Concurrent audit helps in detecting and preventing frauds and errors in real-time.

• Statutory audit provides an ...read more

No, someone earning less than EMI should not take a loan.

• Taking a loan when earning less than the EMI can lead to financial strain and difficulty in repayment.

• It is important to have a stable income that can comfortably cover the loan repayment.

• If someone is already struggling to meet their financial obligations, taking on additional debt can worsen their situation.

• It is advisable to explore alternative options such as...read more

Our approval rate is 85% and delinquency rate is 5% for the current product.

• Our approval rate is higher than industry average.

• We have strict credit checks in place to maintain low delinquency rate.

• We continuously monitor and analyze our approval and delinquency rates to make necessary adjustments.

• For example, we recently increased our credit score requirement to reduce delinquency rate.

I have 5 years of experience as a Credit Manager at XYZ Company.

• Managed credit risk assessment for new and existing clients

• Analyzed financial statements and credit reports to determine creditworthiness

• Negotiated payment terms and conditions with clients

• Implemented credit policies and procedures to minimize risk

• Collaborated with sales and finance teams to optimize credit decisions