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Online CCAR Stress Test

Topics Covered

  • SSFA Data Requirements
  • Challenges invalidation of CCAR models
  • Risk Weight Calculation
  • SSFA Parameters
  • SSFA Outcome
  • Model Validation
  • PPNR Models
  • Loss Based Approach

Useful for hiring

  • CCAR Analyst
  • CCAR Modeler
  • Audit Manager - CCAR

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Question

You are the CEO of an Investment Bank based out of New York, USA. Your bank is eligible and requires to conduct CCAR stress testing every year as per the guidelines of the Federal Reserve Bank, USA. If which of the following cases, the data required to perform the testing using the Simplified Supervisory Formula Approach must not be older than three months?

Note: There can be multiple correct answers to this question.

Answer
    • The underlying exposures of the securitization positions being tested do not require any payment.

    • The underlying exposures of the securitization positions being tested require a regular payment on a monthly basis.

    • The underlying exposures of the securitization positions being tested require a regular payment on a quarterly basis.

Question

All the BHC's subject to CCAR stress testing, according to the rules of Federal Reserve, USA, must validate their testing models. Which of the points given below mentions regulatory issues faced by BHCs while validating their models? 

Note: There can be multiple correct answers to this question.

Answer
    • Sufficient empirical evidence is not present for supporting the use of overlays.

    • Enough historical data not present to test the robustness of the model.

    • Frequently changing of the model performance thresholds.

Question

A company is subjected to CCAR Stress testing as per the regulations of Federal Reserve, USA. The company fails to use the SSFA and Gross-Up approach to find the risk weights for some securitization exposures then, which of the following options must be followed by that company in this situation? 

Answer
    • It must assign a risk weight of 1250% to those exposures.

    • It must not assign any risk weight to those exposures.

    • It must assign a risk weight of 750% to those exposures.

    • It must not include that exposure in the testing procedure.

Test details:

CCAR skills test enables employers to identify potential CCAR analysts by evaluating working skills and job readiness. For this reason, an emphasis is laid upon evaluating the knowledge of applied skills gained through real work experience, rather than theoretical knowledge.

The test contains MCQ's (Multiple Choice Questions), MAQ's (Multiple Answer Questions), Fill in the Blank, Descriptive, True or False.

Test Duration: 20 minutes

10 Application Questions

The CCAR stress test contains a combination of application and theory questions that help you to evaluate practical skills of candidates.

Test description:

CCAR stress test is designed & developed by global subject matter experts (SME)s to assess the fundamental knowledge of CCAR specialists related to CCAR framework - as per industry standards.

The Comprehensive Capital Analysis and Review (CCAR) is an annual exercise carried by the Federal Reserve to assess whether the largest bank holding companies operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress. It also helps to know that they have robust, forward-looking capital-planning processes that account for their unique risks. Banks need to have the staff (CCAR specialists, CCAR analysts) those can help them to pass the CCAR stress test.

Thus, online CCAR test helps recruiters & hiring managers to evaluate the expertise of candidates in Comprehensive Capital Analysis and Review (CCAR) stress testing.

CCAR test contains questions on following Topics:
 

  • SSFA Data Requirements

  • Challenges invalidation of CCAR models  

  • Risk Weight Calculation

  • SSFA Parameters

  • SSFA Outcome

  • Model Validation

  • PPNR Models

  • Loss Based Approach


Screen under-qualified candidates using our scientifically designed CCAR stress assessment test & spend time interviewing only relevant candidates.

The reports are generated instantly. The hiring analytics will provide you the detailed analysis of skills related strengths & weaknesses of the candidates that will help you in making better hiring decisions.

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  • Choose and add questions from Interview Mocha question libraries

  • Add your own set of questions

  • Customize test settings like duration, number of questions, passing score, web proctoring and much more

  • Mail us at support@interviewmocha.com to create a custom test

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  • credit suisse
  • sephora
  • nielsen
  • capgemini
  • akamai

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