Sample interview questions: How do you ensure the security and confidentiality of financial information in treasury operations?
Sample answer:
Ensuring Security and Confidentiality of Financial Information in Treasury Operations
1. Robust Access Controls:
- Implement role-based access controls to restrict access to sensitive data only to authorized personnel.
- Enforce strong password policies, including length, complexity, and regular expiration.
- Use multi-factor authentication to prevent unauthorized access.
2. Encryption:
- Encrypt sensitive financial information at rest and in transit.
- Use industry-standard encryption algorithms, such as AES-256.
- Ensure that encryption keys are securely managed and regularly rotated.
3. Physical Security:
- Implement physical access controls to prevent unauthorized entry to data storage facilities.
- Restrict access to treasury operations areas and enforce surveillance measures.
- Protect against physical threats, such as fire, theft, and natural disasters.
4. Data Monitoring and Audit:
- Regularly monitor treasury operations for suspicious activity using intrusion detection systems and log analysis.
- Conduct periodic audits to ensure compliance with security policies and regulations.
- Maintain detailed audit trails to track data access and modifications.
5. Vendor Management:
- Carefully screen vendors that handle financial information…. Read full answer