Itaú Unibanco is the largest privately-owned bank in Latin America, renowned for its robust financial solutions and commitment to sustainable growth and technological innovation. The bank holds a pivotal position within the financial sector, consistently delivering value to its clients and stakeholders.

Joining Itaú Unibanco as a Business Analyst means stepping into a role that requires exceptional skills in data analysis, financial modeling, and strategic problem-solving. Business Analysts at Itaú Unibanco are expected to drive impactful financial decisions, enhance operational efficiency, and contribute to various strategic projects across the organization.

This guide by Interview Query is designed to help you navigate the interview process for the Business Analyst role at Itaú Unibanco, providing insights into common interview questions and tips to help you succeed. Let’s dive in and get you prepared for a promising career with Itaú Unibanco!

Submitting Your Application

The first step is to submit a compelling application that reflects your technical skills and interest in joining Itaú Unibanco as a Business Analyst. Whether you were contacted by an Itaú Unibanco 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 Itaú Unibanco 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 Itaú Unibanco Business Analyst 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 Itaú Unibanco Business Analyst role usually is conducted through virtual means, including video conference and screen sharing. Questions in this 1-hour long interview stage may revolve around Itaú Unibanco’s data systems, ETL pipelines, and SQL queries.

In the case of business analyst roles, take-home assignments regarding product metrics, analytics, and data visualization are incorporated. Apart from these, your proficiency against hypothesis testing, probability distributions, and business analytics fundamentals may also be assessed during the round.

Depending on the seniority of the position, case studies and similar real-scenario problems may also be assigned.

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 Itaú Unibanco office. Your technical prowess, including programming and analytical capabilities, 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 Itaú Unibanco.

Quick Tips For Itaú Unibanco Business Analyst Interviews

• Know Itaú Unibanco Products and Services: Questions are standardized and rely heavily on situational scenarios with Itaú Unibanco’s products. Study the company’s diverse range of financial products and understand how you would personally improve or analyze them.
• Be Data Driven: Itaú Unibanco’s analyst interviews assess how well you can provide business-driving insights with data. Brush up on your knowledge of business analytics and SQL, given these questions can be some of the most challenging to solve.
• Embody the Spirit: At its core, Itaú Unibanco has an innovative, customer-centric culture. Practice responding to behavioral questions with answers that touch on Itaú Unibanco’s core values.

Typically, interviews at Itaú Unibanco 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. Bonus: What's the time complexity?

• 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 amount 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 pizza order no-shows? 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 predictive model to address this issue?

• How does random forest generate the forest and why use it over logistic regression? Explain how random forest generates its forest of decision trees. Additionally, discuss why one might choose 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 its platform. The bank also wants to implement a text messaging service that will text customers when the model detects a fraudulent transaction, allowing them to approve or deny the transaction via text. How would you build this model?

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

What is the average salary for a Business Analyst at Itaú Unibanco?

Q: What does a Business Analyst at Itaú Unibanco do?

A: A Business Analyst at Itaú Unibanco is responsible for analyzing business processes, identifying areas for improvement, and developing data-driven strategies to enhance operational efficiency. They work closely with various departments to gather requirements, interpret data, and create actionable insights.

Q: What are the key skills required for the Business Analyst position at Itaú Unibanco?

A: Essential skills for this role include strong analytical and problem-solving abilities, proficiency in data analysis tools (such as Excel, SQL, and Tableau), excellent communication skills, and a good understanding of financial services. Familiarity with project management and stakeholder management is also advantageous.

Q: What is the interview process like at Itaú Unibanco for a Business Analyst?

A: The interview process typically includes an initial phone screening, followed by technical interviews that assess your analytical and problem-solving skills. You may also face a case study or a data analysis exercise. Finally, there will be an interview with potential team members and hiring managers to evaluate your fit with their culture and expectations.

Q: How should I prepare for a Business Analyst interview at Itaú Unibanco?

A: To prepare, you should familiarize yourself with Itaú Unibanco's business model and industry. Practice common interview questions and data analysis problems using platforms like Interview Query. Brush up on financial concepts and ensure you can demonstrate your proficiency in data analysis tools.

Q: What is the company culture like at Itaú Unibanco?

A: Itaú Unibanco prides itself on a collaborative and inclusive culture that values innovation and dedication. Employees are encouraged to contribute ideas and work towards continuous improvement. The company invests in employee development and fosters a supportive environment.

Securing a position as a Business Analyst at Itaú Unibanco is an exciting and rewarding opportunity. Thanks to Interview Query, you can gain valuable insights and comprehensive guidance to excel in your interview process. For an in-depth look at what to expect, check out our Itaú Unibanco Interview Guide, where we've covered a wide range of potential questions and scenarios. In addition, we offer tailored guides for other key roles, such as Data Scientist and Software Engineer, which provide further detail on Itaú Unibanco's interview process.

At Interview Query, we are committed to helping you achieve your career goals by providing you with the knowledge, confidence, and strategies you need to succeed. Check out all our company interview guides and start preparing today. If you have any questions along the way, do not hesitate to reach out to us.

Good luck with your interview!