Interviewing for a role in financial services can be as challenging as it is rewarding. These positions demand technical expertise, strategic thinking, and the ability to thrive under pressure, all of which can be assessed through carefully crafted interview questions. To help you prepare, here are ten common questions you’re likely to encounter, along with insights on how to deliver standout responses.
1. “Tell us a little bit about you”
This question may seem straightforward, but it sets the tone for the entire interview. Use this opportunity to showcase your professional journey, highlighting experiences and skills relevant to the role. The goal is to connect your background with the company’s mission and the job at hand. End with a brief statement that underscores your enthusiasm for this opportunity. Ensure you also show your personality by articulating your interests outside of work. Remember, people hire people, so the more you can relate to the interviewer, the higher the probability of being successful for the position.
2. “Why do you want to work in this position?”
Employers are looking for candidates who are genuinely passionate about the position they are applying for. Focus on what excites you about this position. For example, I really enjoy analysing company financials and learning about a company’s corporate strategy. Tailor your response to reflect the specific nature of the position, such as investment banking, financial planning, or risk management.
3. “What do you know about our company?”
Researching the company is non-negotiable. This question evaluates how much effort you’ve put into understanding their business. You can refer to the company’s recent public news, their product and/or service offering, the company’s values or their recent results. A well-informed answer demonstrates your genuine interest and sets you apart from less-prepared candidates.
4. “Describe a time you worked under pressure.”
Financial services roles often require composure in high-stakes situations. Share a specific instance where you successfully navigated a stressful situation, such as meeting a tight deadline or managing a client issue. Focus on the actions you took and the positive outcome, showing your ability to remain calm and effective under pressure.
5. “What is your greatest strength and your biggest weakness?”
This is a chance to reflect on your personal attributes and areas for growth. When discussing your strength, highlight a quality that aligns with the role, such as analytical thinking, problem-solving, or leadership, and back it up with an example. For your weakness, choose something you’ve actively worked to improve, emphasising your commitment to self-development.
6. “How do you stay informed about financial trends and market changes?”
Staying current is critical in financial services. Talk about the resources you rely on, such as industry publications, podcasts, or professional networks. Mention specific tools like Bloomberg or Reuters if relevant. Demonstrating a habit of continual learning shows you’re proactive and well-prepared to handle the evolving nature of the industry.
7. “Explain a complex financial concept to someone without a financial background.”
Financial professionals often need to simplify complex ideas for clients or colleagues. Choose a concept you know well, like diversification or risk management, and break it down into relatable terms. Use analogies or everyday examples to ensure clarity. This question assesses both your technical knowledge and communication skills.
8. “Where do you see yourself in five years?”
When asked about your long-term goals, aim to strike a balance between ambition and realism. Highlight how this role fits into your career trajectory, whether it’s about developing specific skills, growing into leadership, or contributing to innovative projects. Align your aspirations with the company’s growth to demonstrate your commitment.
Feel free to ask the interviewer the same question in reverse. I.e. “Where do you see me in the organisation in 5 years?”
9. “Tell me about a time you failed and how you handled it.”
Failure is part of professional growth, and interviewers want to see how you handle setbacks. Choose an example where you took responsibility, analysed what went wrong, and implemented changes to avoid similar issues in the future. This shows resilience, problem-solving skills, and a willingness to learn from mistakes.
10. “Why should we hire you?”
This is your opportunity to stand out. Highlight the unique combination of skills, experiences, and perspectives you bring to the table. Emphasise how your background aligns with the company’s needs and values. Conclude with a confident statement about your readiness to contribute to the team’s success.
Interviewing for a financial services job is your chance to showcase both your technical expertise and your soft skills. Preparation is key. Research the company thoroughly, anticipate these common questions, and rehearse your responses until they feel natural.
Beyond answering questions, remember to engage the interviewers. Ask insightful questions about the role, the company’s goals, or current market challenges. This will demonstrate your genuine interest and eagerness to contribute.
A well-prepared candidate answers questions well and also leaves a positive lasting impression. With these tips in mind, you’ll be well on your way to acing your next financial services interview. Good luck!
RIVA Recruitment specialises in financial services recruitment across Australia. If you are seeking a new employee for your business or you are seeking an new employment opportunity, please feel free to contact us via LinkedIn, on 0434 943 647, or email us at enquiries@rivarecruitment.com.au for further information
