I applied through university. The process took 3 weeks. I interviewed at Moody's (New York, NY) in Jan 2015
Interview
3 rounds of phone interviews. Last round was a back to back with three people from different teams. All very intuitive quantitative and statistics questions. Interviewers were very friendly and hints are sometimes provided. Overall it was not hard.
Interview questions [1]
Question 1
Monte Carlo Methods: what is it and how to use more advanced statistical tools to improve simulation results.