Arvest Bank, a revered regional bank rooted in the Midwestern and Southern United States, is distinguished by its commitment to providing exceptional banking services and customer experiences. With a robust network of branches and a comprehensive suite of financial products, Arvest Bank stands as a pillar of trust and reliability in the banking industry.

Stepping into the role of a Business Analyst at Arvest Bank presents a stimulating opportunity to contribute to its mission-driven ethos. This position demands proficiency in data analysis, stakeholder communication, financial reporting, and strategic planning. As a Business Analyst, you will be pivotal in shaping business solutions through in-depth data insights and collaboration with cross-functional teams.

In this guide, we at Interview Query will help you navigate the interview process for Arvest Bank’s Business Analyst role, unpack commonly asked questions, and share valuable tips to help you succeed. Up for the challenge? Let’s dive in!

Submitting Your Application

The first step in landing a Business Analyst position at Arvest Bank is to submit a compelling application that reflects your technical skills and enthusiasm for the role. Whether you have been contacted by an Arvest Bank recruiter or have taken the initiative yourself, it is essential to carefully review the job description and tailor your CV accordingly.

The tailoring process may include identifying specific keywords that the hiring manager might use to filter resumes and crafting a targeted cover letter. Moreover, don’t forget to highlight relevant skills and mention your work experiences that align with the job requirements.

Recruiter/Hiring Manager Call Screening

If your CV is among the shortlisted few, a recruiter from Arvest Bank will reach out to verify key details about your experiences and skillset. Behavioral questions may also be a part of this screening process.

In some cases, the hiring manager for the Business Analyst position might attend the call to answer your questions about the role and the company. They may also delve into surface-level technical and behavioral discussions.

This initial recruiter call typically lasts about 30 minutes.

Technical Virtual Interview

Successfully navigating the recruiter call will earn you an invitation for the technical screening round. The technical screening for the Business Analyst role at Arvest Bank is usually conducted through virtual means, including video conference and screen sharing.

This 1-hour long interview may include questions revolving around Arvest Bank’s data systems, SQL queries, and ETL pipelines. For Business Analyst roles, take-home assignments related to analytics, data visualization, and metrics reporting may also be incorporated. Additionally, your proficiency in hypothesis testing, probability distributions, and basic data analysis techniques will be assessed during this round.

Depending on the role's seniority, case studies or real-scenario problems may also be part of this stage.

Onsite Interview Rounds

Once you successfully navigate the technical virtual interview, you will be invited for onsite interview rounds. The onsite interview may consist of multiple rounds evaluating your technical skills, including programming and data modeling capabilities, against other finalists.

If you were assigned take-home exercises, you might also be required to present your findings during the onsite interview for the Business Analyst role at Arvest Bank.

Quick Tips For Arvest Bank Business Analyst Interviews

• Understand the Company Culture: Arvest Bank values community involvement and employee development. Demonstrate your alignment with these values in your responses.
• Be Analytical: Anticipate questions that assess your ability to provide business insights through data analysis. Ensure you are well-versed in SQL and various data visualization tools.
• Prepare for Behavioral Questions: Be ready to discuss past experiences and how they have equipped you for this role. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.

Typically, interviews at Arvest Bank vary by role and team, but commonly Business Analyst interviews follow a fairly standardized process across these question topics.

• Write a function to merge two sorted lists into one sorted list. Given two sorted lists, write a function to merge them into one sorted list.

• Write a function to find the maximum number in a list of integers. Given a list of integers, write a function that returns the maximum number in the list. If the list is empty, return None.

• Write a query to get the top 3 highest employee salaries by department. Given the employees and departments table, write a query to get the top 3 highest employee salaries by department. The output should include the full name of the employee in one column, the department name, and the salary. The output should be sorted by department name in ascending order and salary in descending order.

• Write a function to combine sorted integer lists into one sorted list. Given a list of sorted integer lists, write a function sort_lists to create a combined list while maintaining sorted order without importing any libraries or using the 'sort' or 'sorted' functions in Python.

• Write a function to swap nodes in a singly linked list. Given the head of a singly linked list represented as a ListNode, and two zero-indexed positions x and y, write a function swap_node which swaps the positions of nodes x and y and returns the new head. Note that you cannot simply swap the values of these nodes; you must swap these two using pointer manipulation.

• How would you investigate a decrease in credit card payment amounts per transaction? You work for a financial company and notice that the credit card payment amount per transaction has decreased. How would you investigate the cause of this change?

• How would you build a strategy to find the best small businesses to partner with? You are a credit card company looking to partner with more merchants. You have 100K small businesses to reach out to but can only contact 1000. How would you strategize to identify the best businesses to approach?

• What features would you include in a model to predict a no-show for pizza orders? Imagine you run a pizza franchise and face a problem with many no-shows after customers place their orders. What features would you include in a model to predict a no-show?

• How does random forest generate the forest and why use it over logistic regression? Explain how random forest generates the forest. Additionally, why would we use random forest over other algorithms such as logistic regression?

• How would you build a fraud detection model with a text messaging service for a bank? You work at a bank that wants to build a model to detect fraud on the platform. The bank also wants to implement a text messaging service that will text customers when the model detects a fraudulent transaction, allowing the customer to approve or deny the transaction with a text response. How would you build this model?

• What is the relationship between PCA and K-means clustering? Explain the relationship between Principal Component Analysis (PCA) and K-means clustering.

What is the average salary for a Business Analyst at Arvest Bank?

Q: What does a Business Analyst at Arvest Bank do?
A: A Business Analyst at Arvest Bank is responsible for analyzing business processes, identifying areas for improvement, and developing data-driven solutions to enhance the bank's operations. This includes working closely with stakeholders to understand their needs and translating them into technical requirements.

Q: What skills are essential for a Business Analyst position at Arvest Bank?
A: Key skills for this role include strong analytical thinking, problem-solving abilities, proficiency in data analysis tools (like SQL and Excel), and excellent communication skills. Knowledge of banking or financial services can also be beneficial.

Q: What is the interview process like for a Business Analyst at Arvest Bank?
A: The interview process typically includes an initial phone screen with a recruiter, followed by one or more technical interviews to assess your analytical skills and understanding of business processes. The final round may involve a panel interview with various stakeholders to evaluate your fit within the team and your ability to handle real-world business problems.

Q: What is the company culture like at Arvest Bank?
A: Arvest Bank prides itself on a collaborative, customer-focused culture. Employees are encouraged to think innovatively and work together to provide exceptional service. The bank values integrity, respect, teamwork, and continuous improvement.

Q: How can I prepare for an interview at Arvest Bank for the Business Analyst position?
A: To prepare, you should familiarize yourself with Arvest Bank's services, practice common business analyst interview questions, and review your technical skills. You can use resources like Interview Query to practice and refine your problem-solving and analytical abilities.

If you’re gearing up for the Business Analyst position at Arvest Bank, immerse yourself in our Arvest Bank Interview Guide for comprehensive insights. Discover a plethora of interview questions that may come your way, and explore our detailed guides for other roles like data analyst and software engineer to get a feel for the diverse interview processes at Arvest Bank.

At Interview Query, we empower you with the knowledge, confidence, and strategic guidance to excel in your Arvest Bank business analyst interview, making sure you're well-prepared for any question or challenge.

Dive into all our company interview guides to bolster your preparation, and if you have any questions, feel free to reach out to us.

Good luck with your interview!