Founded in 1986, BSI Financial Services is dedicated to enabling sustainable homeownership through its financial services, adhering to core values of integrity, problem-solving, and excellence. Recognized multiple times on the SMU Dallas 100 and Inc. 5000 lists, BSI Financial continually strives for growth and innovation.

As a Business Analyst at BSI Financial, you will be the crucial link between IT capabilities and business objectives, ensuring the successful completion of various analytical, building, testing, and deployment tasks. The role demands expertise in documentation, wireframing, Agile concepts, SQL, and data visualization. Strong communication and technical writing skills are essential, along with a background in the mortgage or financial industries.

In this guide, Interview Query will navigate you through the interview process, commonly asked questions, and provide valuable tips to ace your application. Let's get started!

Submitting Your Application

The first step is to submit a compelling application that reflects your analytical skills and interest in joining BSI Financial Services as a Business Analyst. Whether you were contacted by a BSI Financial recruiter or have taken the initiative yourself, carefully review the job description and tailor your CV according to the prerequisites.

Tailoring your CV may include identifying specific keywords that the hiring manager might use to filter resumes and crafting a targeted cover letter. Furthermore, don’t forget to highlight relevant skills and mention your work experiences.

Recruiter/Hiring Manager Call Screening

If your CV happens to be among the shortlisted few, a recruiter from the BSI Financial Talent Acquisition Team will make contact and verify key details like your experiences and skill level. Behavioral questions may also be a part of the screening process.

In some cases, the BSI Financial hiring manager stays present during the screening round to answer your queries about the role and the company itself. They may also indulge in surface-level technical and behavioral discussions.

The whole recruiter call should take about 30 minutes.

Technical Virtual Interview

Successfully navigating the recruiter round will present you with an invitation for the technical screening round. Technical screening for the Business Analyst role usually is conducted through virtual means, including video conference and screen sharing. Questions in this 1-hour interview stage may revolve around your experience with mortgage organizations, SQL queries, and documenting processes.

In the case of Business Analyst roles, you could be required to work on tasks related to elicit requirements, writing SQL queries, and performing data analysis. Your ability to communicate key insights and findings to the product team might also be tested during this round.

Onsite Interview Rounds

Followed by a second recruiter call outlining the next stage, you’ll be invited to attend the onsite interview loop. Multiple interview rounds, varying with the role, will be conducted during your day at the BSI Financial office. Your proficiency in risk assessment, understanding of mortgage processes, and collaboration skills will be evaluated against the finalized candidates throughout these interviews.

If you were assigned take-home exercises, a presentation round may also await you during the onsite interview for the Business Analyst role at BSI Financial.

Quick Tips For BSI Financial Services Business Analyst Interviews

• Know Your Mortgage Basics: Make sure you are well-versed in mortgage servicing processes and regulatory requirements. BSI Financial Services emphasizes domain knowledge in this area.
• Document Efficiently: The role demands excellent documentation skills, including writing BRDs, FRDs, SRS, and SOWs. Practice creating these documents clearly and concisely.
• SQL and Data Analysis Skills: Solid experience in SQL queries and data analysis is often tested. Ensure you're comfortable writing complex queries and drawing relevant business conclusions from data.

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

• What are the Z and t-tests, and when should you use each? Explain the purpose and differences between Z and t-tests. Describe scenarios where one test is preferred over the other.

• How would you reformat student test score data for better analysis? Given two datasets of student test scores, identify drawbacks in their current format. Suggest formatting changes and discuss common issues in "messy" datasets.

• What metrics would you use to evaluate the value of marketing channels? Given data on marketing channels and costs for a B2B analytics dashboard company, identify key metrics to determine each channel's value.

• How would you determine the next partner card using customer spending data? With access to customer spending data, outline a method to identify the best partner for a new credit card.

• How would you investigate if a redesigned email campaign led to increased conversion rates? Given a rise in conversion rates after a new email campaign, determine if the increase is due to the campaign or other factors. Describe your investigative approach.

• Write a function search_list to check if a target value is in a linked list. Write a function, search_list, that returns a boolean indicating if the target value is in the linked_list or not. You receive the head of the linked list, which is a dictionary with value and next keys. If the linked list is empty, you'll receive None.

• Write a query to find users who placed less than 3 orders or ordered less than $500 worth of product. Write a query to identify the names of users who placed less than 3 orders or ordered less than $500 worth of product. Use the transactions, users, and products tables.

• Create a function digit_accumulator to sum every digit in a string representing a floating-point number. You are given a string that represents some floating-point number. Write a function, digit_accumulator, that returns the sum of every digit in the string.

• Develop a function to parse the most frequent words used in poems. You're hired by a literary newspaper to parse the most frequent words used in poems. Poems are given as a list of strings called sentences. Return a dictionary of the frequency that words are used in the poem, processed as lowercase.

• Write a function rectangle_overlap to determine if two rectangles overlap. You are given two rectangles a and b each defined by four ordered pairs denoting their corners on the x, y plane. Write a function rectangle_overlap to determine whether or not they overlap. Return True if so, and False otherwise.

• How would you design a function to detect anomalies in univariate and bivariate datasets? If given a univariate dataset, how would you design a function to detect anomalies? What if the data is bivariate?

• What are the drawbacks of the given student test score datasets, and how would you reformat them? Assume you have data on student test scores in two layouts. What are the drawbacks of these formats? What changes would you make for better analysis? Describe common problems in "messy" datasets.

• What is the expected churn rate in March for customers who bought a subscription since January 1st? You noticed that 10% of customers who bought subscriptions in January 2020 canceled before February 1st. Assuming uniform new customer acquisition and a 20% month-over-month decrease in churn, what is the expected churn rate in March for all customers since January 1st?

• How would you explain a p-value to a non-technical person? Explain what a p-value is in simple terms to someone who is not technical.

• What are Z and t-tests, and when should you use each? Describe what Z and t-tests are, their uses, differences, and when to use one over the other.

• How does random forest generate the forest and why use it over logistic regression? Explain the process of how random forest generates multiple decision trees to form a forest. Discuss the advantages of using random forest over logistic regression, such as handling non-linear data and reducing overfitting.

• When would you use a bagging algorithm versus a boosting algorithm? Compare two machine learning algorithms and describe scenarios where bagging is preferred over boosting. Provide examples of tradeoffs, such as variance reduction in bagging versus bias reduction in boosting.

• How would you evaluate and compare two credit risk models for personal loans?

• Identify the type of model developed by the co-worker for loan approval.
• Describe how to measure the difference between two credit risk models over a timeframe, considering monthly installments.

• List metrics to track the success of the new model, such as accuracy, precision, recall, and AUC-ROC.

• What’s the difference between Lasso and Ridge Regression? Explain the key differences between Lasso and Ridge Regression, focusing on their regularization techniques and how they handle feature selection and multicollinearity.

• What are the key differences between classification models and regression models? Describe the fundamental differences between classification and regression models, including their objectives, output types, and common use cases.

What is the average salary for a Business Analyst at Bsi Financial Services?

Q: What are the primary responsibilities of a Business Analyst at BSI Financial Services? A: As a Business Analyst at BSI Financial Services, you will participate in requirements analysis, define configuration specifications and business analysis requirements, perform quality assurance, and define reporting and alerting requirements. You will also develop relationships with partners, design and maintain system processes, report on technical issues, and constantly seek ways to improve monitoring and deliver better value to customers.

Q: What qualifications are required for the Business Analyst position? A: Candidates should have a BE/BTech degree in Computer Science, Information Technology, or a related field. Extensive experience in eliciting requirements, testing, data analysis, SQL, and process documentation is required. Strong communication skills—both written and verbal—are also essential. Experience in a mortgage organization and familiarity with web services and RPA development is preferred.

Q: What skills are important for a Business Analyst role at BSI Financial Services? A: Important skills include experience in documentation (BRD, FRD, SRS, SOW, etc.), wireframing, understanding Agile concepts, strong communication skills, solid SQL query writing, and data visualization. Additionally, the ability to analyze data, draw business-relevant conclusions, and troubleshoot technical issues is crucial.

Q: What does the career growth and benefits package look like at BSI Financial Services? A: BSI Financial Services offers a competitive salary, a full benefits package including medical, dental, vision, 100% company-paid life insurance and disability coverage, a 401K plan with company matching, 17 days of PTO (increasing with tenure), and 9 company-paid holidays. There are also significant career growth opportunities and a professional, yet fun and casual work environment.

Q: How should I prepare for an interview at BSI Financial Services for a Business Analyst position? A: To prepare for an interview at BSI Financial Services, thoroughly research the company's mission, values, and recent projects. Practice common business analyst questions and review your technical skills, particularly in SQL and data analysis. Utilize resources like Interview Query to practice likely scenarios and enhance your readiness for technical interviews. Reflect on past experiences that showcase your problem-solving abilities and technical expertise.

Are you ready to take the next step in your career as a Business Analyst at BSI Financial Services? Whether you are a seasoned professional with over six years of experience or someone who thrives in a collaborative, dynamic environment, this role offers you a fantastic opportunity to grow and make a significant impact in the mortgage industry. Dive deeper into what BSI Financial Services has to offer and prepare yourself for the interview by checking out our BSI Financial Services Interview Guide. At Interview Query, we empower you to unlock your interview prowess with a comprehensive toolkit, equipping you with the knowledge, confidence, and strategic guidance to conquer every interview question and challenge you might face.

You can check out all our company interview guides for better preparation, and if you have any questions, don’t hesitate to reach out to us.

Good luck with your interview!