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Derivatives Business Analyst

Topics Covered

  • financial institutions
  • equity trading
  • currency rates
  • derivatives
  • finance
  • analysis thinking

Useful for hiring

  • Derivatives Business Analyst (0-2 years experience) 
  • Derivatives Trader / Analyst (0-2 years experience)
  • Jr. Analyst - OTC Derivatives (0-2 years experience)  
  • Derivatives Reconciliation Analyst (0-2 years experience)

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Question

You are a Business Analyst at BD Bank. You are involved in a software project that is replacing an out-dated, inefficient legacy system (System X) with an efficient, process-driven web-based solution. However, the project team is facing a few challenges.

The project has requested a detailed stakeholder matrix. You have documented the stakeholder matrix in the RACI format. The stakeholder matrix identifies several key stakeholders. 

RACI legend:
Responsible - Those who do the work to achieve the task
Accountable - Signs off various project outputs and ensures thorough completion of each task
Consulted - Required to provide feedback on documents / in workshops
Informed - Keep up to date on progress



Which of the following statements is not correct pertaining to the Business Analyst’s responsibilities as documented in the RACI matrix?

Answer
    • The business analyst will provide input into the development process and support the senior developer
       

    • The business analyst will document the Functional Requirement specification in accordance with the project governance principles
       

    • The business analyst will analyze the documented process and provide feedback to the stakeholders
       

    • The business analyst will send project progress communications to project stakeholders
       

Question

With other things being equal, which of the following causes the futures price of an asset to increase?

Answer
    • Higher costs of carrying the underlying asset.

    • Lower risk-free rate of interest.

    • Higher expected spot price for the underlying asset.

    • Higher income received while carrying the underlying asset.

    • Lower expected spot price for the underlying asset.

Question

Which of the following is NOT a characteristic of option contracts that trade on the Chicago Board Options Exchange?

Answer
    • Option writers are required to put up collateral.

    • Option holders must take physical delivery of the underlying asset.

    • The contracts are standardized.

    • It is easy to transfer the contracts between investors.

Test details:

The Derivative Business Analyst test enables employers and recruiters to identify potential hires by evaluating working skills and job readiness. For this reason, the emphasis is laid upon evaluating the knowledge of applied skills gained through real work experience, rather than theoretical knowledge. 

The Derivative Business Analyst test may contain MCQ's (Multiple Choice Questions), MAQ's (Multiple Answer Questions), Fill in the Blank, Descriptive, Whiteboard Questions, Audio / Video Questions, True or False.

Test Duration: 20 minutes 
Questions: 10

Test description:

A Derivatives Analyst mainly works on gathering and analysing the data which is in account whether it is stock market or currency exchange rates. It also evaluates the future finance transactions such as swaps and forwards. They carry out this task to provide useful information in making investment decisions. Also, some derivative analysts produce reports for clients. 

The Derivative Business Analyst test is designed to assess the candidates in the areas of Derivatives, Equity Analysis, Currency Management, Derivatives Trading, Commodities Management, Trade Management, etc. This test consists of meaningful questions on financial institutions, equity trading, currency rates, derivatives, finance, analytical thinking and many more. 

Using powerful reporting, you will have a detailed analysis of test results to help you make better decisions and predict candidate and employee success. 

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