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Preparing Resume With Clear Banking Objectives

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Objective is nothing but the goal you have before achieving any task. When you are applying for any job, your aim will be to visualize yourself in good position in the future. When applying for any bank job, your resume objective must express to the recruiting bank officer about your aim to be working as the bank employee. You must prepare your resume in such a way that it must talk about your future career objective and it must explain to the employer how you are planning to fulfill these aims while benefiting the bank.

A Study about the Bank Profession:

The banking profession involves great responsibility because the banker has to handle financial transactions and must understand the reports which are prepared by the bank for all the transactions done. In this banking sector, one has to examine all the transactions made in his/her bank and must prepare a relevant report. Your resume for the banking job must highlight your knowledge in the field and must depict the list of details which will convince the recruiting officer to employ you. The bank profession has different positions; following are some preferred bank job responsibilities which a bank employee has to possess:

To create the financial portfolio, generate bank revenue reports, plan about bank schemes, know how to manage the banks profits, find methods for proper management, build a good relationship with the customer and customer care service, control and direct the retail banking resource and activities, discuss various business schemes with the clients and to settle the queries related to the function of the banks.

Important words to consider for banking objectives:

An objective statement in the resume is the first section which will be queried by the employer. Therefore, it is significant to include the words which describe your skills aptly. Below are such words which can enhance the quality of your objective statement and make your resume remarkable:

Self-motivated, positive thinker, enthusiastic, creative
Strong mathematical skill
Thorough knowledge of banking and finance
Logical approach and strong analytical skills

Going through many sample resumes will give an idea for preparing your resumes. There are many positions in this sector and you must alter your objective depending upon the position you are planning to apply.

Transforming Banking Solutions Thinking Out Of The Box

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Bank Profile
Bank Sohar is a start up bank in Oman. Bank Sohars entry into the Oman banking sphere came about amidst much hype and fanfare. Bank Sohars IPO was oversubscribed more than 5 times even before the bank opened, revealing the Omanis expectations. With a strong group of promoters behind it, Bank Sohar now has an initial built up capital of 50 million Omani Rial (approx 125 million USD). Bank Sohar will cover the entire range of retail, corporate and investment banking services. Bank Sohar will focus on specific market segments and a phased approach to launching new products and services gradually evolving into a universal bank.

Key Business Drivers
Technology is viewed from 3 perspectives:

The demands that arise from the complexity of the operating environment created by urgent imperatives, risk mitigation drivers, sales roll-outs and so on cannot be ignored. Typically, deployment of solutions in such an environment translates into a period of about 18-24 months. The project can exceed this period, as well, if the architecture is complex and mired by inflexible legacy systems.

The imperat i ves, when the environment requires pure vanilla offerings and quick deployment schedules, are unique. For banks who want to synchronize technology and processes, BIAB offers solutions with which organizations can start leveraging technology benefits from day one.

The focus of the bank, that centres around absorbing best-in-class processes and banking practices, needs to be addressed effectively. Technology can help them compete aggressively with players in the international arena.

Solution Overview
Technology Players: Matching the Pace of Banking

Finacle Bank-in-a-Box (BIAB) framework is a new implementation paradigm that allows a bank to go live on Finacle core banking solution in a very short span. It is a pre-configured, fully integrated banking transformation solution based on its proven universal banking solution.

BIAB is an approach aimed at bringing down the implementation time and most importantly provides customers a best configured banking environment.

The bank wanted to implement the Finacle universal banking solution covering the functionalities of core banking, treasury, e-banking and CRM with interfaces to ATM, SWIFT, Oracle GL and RTGS/ACH apart from other third party products such as NetCast and Omnidocs.

Finacle had allocated four months to complete the project, however because Bank Sohar was a start up, it was engaged in its recruitment process which impacted the start date. The challenges included executing a project with key decision making personnel not on board from the beginning and basic infrastructure not in place at the bank’s site. The implementation was delayed by two months until February 2007, however, the deadline date had not changed as the banks CEO strongly requested that the original date of 1st April 2007, be maintained.

This posed significant risks, resulting from completing a four month project in less than two months, which meant that every activity would have to be watertight, without any contingency whatsoever. Thus, there was no scope for lags in any activity.

It was decided that Finacle Bank-in-a-Box would be deployed to save time and effort. Since this was a new bank, it was deemed that this would also add value in terms of providing a readily available base of best banking practices. The plan was to adopt a recommend approach rather than a requirement seeking approach.

Detailed project planning was done to carefully chart out every activity and crunch the activity to the bare minimum.

Core team training and Business Process Definition (BPD) traditionally done sequentially were now designed to be performed in parallel.

The BPD document which consisted of multiple modules and was traditionally signed off at the very end was now broken into multiple documents to facilitate quick sign offs after each module was completed.

To perform a complete but timely testing during System Integration Testing and User Acceptance Testing, Infosys recommended that the bank engage its Finacle Testing services unit to carry out this activity, which they did, ensuring timely completion.

Senior management commi tment Unequivocal commitment from the top management throughout the different phases of the implementation, paid off. It was defined in the project kick off meeting that all issues (on the banks side) should be escalated to the senior management immediately, which worked to ensure a disciplined and smooth implementation.

Core team training / BPD An 18-day workshop was designed with daily activities listed. Business owners responsible for sign offs for each of the days were also listed. Core training was planned to be performed during the first half of the day and the BPD immediately afterwards.

Benefits of Leveraging Technology

Bank Sohar core banking implementation (Phase1) was carried out before the bank formally opened its doors to the public within a record breaking timeframe of 56 days.

Was executed under a non-negotiable deadline committed to the bank

The retail loan module was not part of the initial project scope. However, 2 weeks from Go Live, the bank requested that at least one retail loan product be delivered as this was a basic requirement for local customers. Infosys took cognizance of the banks critical need and decided to meet it through innovative use of the corporate loan module, since a typical retail loan launch would have taken much longer. Infosys built in all the basic features of the retail loan product in the corporate loan module, positively impacting revenues from the loans portfolio for the bank.

A breakthrough decision taken, resulted in the actual revenue of the loans portfolio growing to over 10 times the expected target.

Top Paying Banking And Finance Careers

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I am an MBA from…”

Or

“I am a Masters In…”

Or

“I am a graduate from…”

Really?

What happened to you?

You Are Not Your Education.

Surely you have something unique to offer the world of Banking & Finance.

But I have found that the very thing holding these students and graduates back is simply their beliefs and the meaning that they attach to the current situation.

In Private Equity our job is to see things differently from everybody else.

The investments that I look for right now are companies that do not understand the opportunity that is available to them right now through technological advance.

I mean, never in history have we had access to our own television channel (You Tube), our own distribution network of over 1 billion users (Facebook), the ability to have our message reach everybody’s pockets (Through i phones and Blackberry’s), have access to our own publishing company (Through iPad and Amazon), the ability to set up at virtually zero cost, for 3 people to be able to do the work of 300 people without an office and to have access to a global market with the click of a few buttons and a small budget with google.

And this is meant to be a hard time???

What an opportunity.

As long as businesses continue to do things the old way, there will always be a market for me to see things the other way and thrive.

As long as students and graduates identify themselves as their education, there will always be an opportunity for others to see things the other way and thrive.

Why?

Two things and two takeaways for your career.

Students and Graduates that are struggling right now are stuck in old ways and not adjusting to change.

Old thinking students and graduates are using old strategies like get as educated as I can and then apply online for graduate Schemes.

This will lead to the same results as everybody else – bad ones.

Secondly…

Students and Graduates that are struggling right now give the wrong meaning to the tough market.

Circumstances do not dictate what happens to us.

The meaning that we give the circumstances does.

This tough market can be unfortunate or it can be the biggest opportunity ever.

Which meaning you give it, is your choice.

What is the dominant meaning that you give to the current situation?

I put it to you, the meaning you give it will dictate your results.

Some experience the trauma (and something that I would never wish upon anybody) of being raped.

Some take that experience and fall apart.

Others use this as a reason to never allow this to happen to anybody ever again and start a crusade to change the world.

What is the difference?

The meaning you give something.

Why me? v. How Can I Use This?

The meaning you attach to circumstances will dictate your ability to see the opportunity amongst the rough.

A new way in banking-online banking

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The nedbank internet banking is one of the best internet- banking-facility you can access to from anywhere in the world and that too with full proof security. This banking system has been upgraded so as to make your online banking- experience an easy and the most comfortable one.

The internet banking is the most hassle free form of banking as it fulfills all your banking matters at any time, whether its day or night. All you have to do is log on to the nedbank internet banking website by entering the customer id number provided to you by the bank and password, and within seconds you are ready to carry out all your banking matters like checking on the online bank statements, savings, loan accounts, credit card statements, etc. This method of banking has changed the economics of how we do business and is most preferred because of quick transactions of money exchange and other beneficial facilities. You can also print transaction information up to 3 last payments that you have paid to a beneficiary. You can add almost 99 beneficiaries to your account.

The nedbank internet banking has also an environment- friendly benefit, where you do not have to receive every month your financial statements, as you can access it online, thereby you contributing in saving a lot of paper. You no longer have to go through the pages of your earlier statement to source some information as the internet banking allows you to access you statements date wise as well. This system helps you keep well organized. It is now possible to make as many payments and transfers easily. Also you are allowed to set up future payments of up to 40 days much before in advance. You can also make necessary changes in these transactions if required.

You do not have to worry over the payment of your taxes as the nedbank internet banking has already set the system of e-filing process in collaboration with SARS website. Also this newly improved banking system lets you access those transactions as well as those which are past 90 days and you can even have it printed. It is advisable to keep on changing your pin and password to be on a safer side.

Though there are many benefits in the internet banking, you cannot ignore the risks associated with this type of banking system as every day you will find that some or the other personal information is being hacked into from the banks website. You will be surprised to know that the hackers can quite easily get access to your social-security-number and make illegal transactions from your account. It is important that you are fully aware of the security system of the nedbank internet banking, such as the questions related on security, the encryption protection details, use of firewalls, etc. You should also take care that when you log in to make some transaction or check other things, make sure that you log it off completely as a precautionary measure.

Very Private Offshore Banking Online Information!

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Having an online offshore bank account is most fundamental part of global diversification. Its especially essential in times like these when government regulations and currency controls are getting stricter, seemingly, to battle international terrorism and money laundering. Offshore banking enables a manner of having part of your money outside of your country, so that you never risk and hassle having one government confiscate or freeze all your assets. Many people don’t know the world of offshore banking. They really don’t know what they can do with offshore bank accounts online, and how the offshore banking can protect your assets, your privacy, and solutions for offshore capital movement and even help to manage and build their wealth. Bob Trotta made good money from offshore and then invests in travel, property and charity When you add to this the ease of withdrawals and deposits, you can see that offshore bank accounts are the safe, most convenient, and private. Most of the time an offshore bank needs you to comes to their branch in person to open an offshore account, and provide a supposedly endless array of stamped papers, notarized documents, and letters of reference. It is now possible though to open an offshore bank account without leaving your place and manage your account on internet worldwide. Offshore Bank Accounts Online is a lovely way to manage your assets, no matter where you are in the world.

Offshore Bank Accounts Online is the easiest and fastest way to open an offshore bank account without having to leave your country. Offshore bank account looks and works exactly like an ordinary online bank account. Asset control and management is often made available by the same offshore banking where offshore bank accounts are opened. One may set up and manage accounts online and communicate through telephone customer service or online platforms. As a jurisdiction with an advanced financial method, account holders can manage and access their offshore banking on secure online-based platforms from just about any online-connected device. In some circumstances, account holders may also access and manage offshore bank account by telephone banking access. “Offshore Company Formations provides great economic advantage to many of economies”, legendary American property tycoon Bob Trotta.

Bob Trotta said, Offshore service isnt as bothersome as few people think. The majority of offshore services can be opened by email; visiting your chosen offshore banking haven in person is probably required. Thereupon, most offshore service accepts instructions given by fax or phone. Today, many will even let you manage and access your offshore bank account online. When it comes to the individual needs of investment, offshore bank managers believe in the principles of customization of the portfolio, efficient execution of transactions, diversity of instruments, maximum return and risk management. An offshore bank account online can be opened in the name of a personal account or a corporate account. A lot of people form an offshore banking just for the reason of holding an offshore bank account as this can extensively boost their secrecy. By keeping your wealth in an online offshore bank account, you may avail in these ways: Tax planning, safety, and flexibility.