What are the steps you would take in the financial data validation process as part of your work?
According to the European Investment Bank's interview advice, "your interview programme, in most cases, will also comprise a professional and/or technical test which aims to further assess your competency and knowledge on certain job-related subjects." So for a position like a Data Analyst, your interviewer will aim to recruit a detailed and proficient candidate who can walk them through the proper steps in the data validation process. Bad data in the financial industry can have a costly impact, and your job will be to ensure that doesn't happen.
Whatever position you are applying for, discuss the importance of being competent and proficient in your role, and walk them through your methods to offer them the confidence that you are experienced and capable of exceeding their expectations.
"With any large analysis project and performing data validation, my first step is to create a detailed plan for the data needed. This plan will define the required data to be validated and set the way for the remaining steps. The next steps are to validate the information in the database and then the formatting of the data. Finally, before validating the data, sampling needs to be done to ensure that a small sample meets the project's requirements. Being very proficient in many validation programs, I consider myself very proficient in both QuerySurge and Datameer, but I remain open to learning any new programs here at the European Investment Bank."
"Here at European Investment Bank, your Financial Advisors rely on the most accurate and up-to-date data to present to clients, and I would take great pride in my job as a Data Analyst to provide the best data possible. To validate data, the two important steps I would take are data screening and data verification. I am very confident in my ability to work with algorithms that screen large sets of data for accuracy. On top of that, I have worked with a few of the different data verification programs like Experian and Sage Intacct."
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