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Graduates Programme at Bank Negara Malaysia (Across Malaysia)

Written By Admin on Sunday, January 23, 2011 | 11:15 AM



Enhancing Graduate Employability

BNM Graduates Programme (the Programme) is a fully sponsored project by Bank Negara Malaysia (the Bank) which forms part of its corporate social responsibility (CSR) endeavour. The Programme was first launched in 2009 in support of the Government's economic stimulus to enhance the employability of graduates particularly those from less privileged families. The Programme provides selected graduates with the opportunity to develop their competencies based on workforce requirements, as well as on-the-job learning through attachment with various reputable companies for a total duration of one year or less. The graduates were provided a monthly sustenance allowance of RM1,500.00 by the Bank throughout the programme.

The first intake consisted of 500 graduates from all over Malaysia, thus, the name GP500 became synonymous with the Programme. Within a year, 432 graduates have successfully secured permanent posts or have been absorbed by the companies that they were attached to. The success of GP500, has spurred the Bank to continue with a second intake, which is expected to take place in April 2011. The second intake, to be known as GP200 is hoped to benefit a total of 200 participants nationwide.

For Graduates:
To be eligible to participate in the Programme, candidates must be unemployed at the time of application. The candidates must be Malaysian citizens aged 25 years old and below, and from families with a monthly household income not exceeding RM3,000.00. The candidates must at least possess Bachelor's Degree from any tertiary institution recognised by the Public Service Department of Malaysia (JPA), and are conversant both in Bahasa Malaysia and English. The candidates also must be committed to continuous learning and self-improvement. Priority will also be given to candidates with pleasant demeanour and good interpersonal skills.

How to apply:
Interested candidates are advised to complete the Online Application.

CLICK HERE TO APPLY ONLINE

Alternatively candidates may download the form (MS Word, 670KB) and mail it to:

DOWNLOAD APPLICATION FORM HERE

Secretariat
BNM Graduates Programme
Human Resource Management Department
Level 11, Block C,
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur Malaysia

Or

Fax the completed application form to 03-2697 0090 or 03-2697 0094, addressed to:

Secretariat
BNM Graduates Programme
Bank Negara Malaysia

Closing date: All applications must reach the Secretariat before 31st January 2011.

MORE INFO FRESH GRADUATE JOBS

MORE INFO EXECUTIVE LEVEL JOBS
Posted by Admin at 11:15 AM
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How Forex Brokers Work

Like any other business in the history of business, your broker’s raison d’etre, is to make as big a profit as possible. There are about as many ways to go about this as there are brokers. For those who are in it for the long haul, however, it is generally best to adopt a set of practices which are deemed fair by their clients: certain boundaries are set, and operating beyond them can cost a brokerage its reputation, and along with it its clients. Straying outside these boundaries, therefore, is not considered as being in line with the long term goals of the business. How strictly these boundaries are enforced, especially when there is little chance of clients ever even becoming aware of any transgression, again varies from business to business. For the sake of simplicity, in this article we assume that everyone in the business is squeaky clean, as if every client could peek into the broker’s back office at any time and dissect every trade. This is obviously not the case, and many brokers do take advantage of this opaqueness, but the details of that are best left for another discussion.

So without further ado, let’s get into the details of how forex brokers function. Somewhat removed from the top-tier interbank market, retail forex brokers are there to provide a service that would otherwise not be available, that is, giving an investor with a $10,000 bankroll the chance to speculate in the up-until-recently very exclusive forex market. There are generally considered to be 2 types of brokers providing access at the retail level: Electronic Communications Networks (ECNs) and Market Makers. ECNs are generally somewhat more exclusive, requiring larger deposits to get started, but are seen as providing more direct access to the interbank market. As we will see, there are certainly advantages to this, but some disadvantages as well. Market makers, on the other hand are more often than not, the counter party to their clients’ trades, creating somewhat of a conflict of interest, whereas ECNs profit from commission fees charged directly to the clients, regardless of the result of any trade, they are seen as being completely impartial – an ECN has no incentive for a client to lose money. In fact, one could argue that an ECN stands to profit more if a client is successful, meaning that s/he will stay around longer and they will be able to collect more commission fees from them. A market maker, on the other hand, being the counterparty to a client’s trade, makes money if the client loses money, providing an incentive for some shady practices, particularly in an unregulated market. The extent to which this happens varies among individual brokers. There are also some benefits to trading with a market maker (see our ECNs vs. Market Makers article) Some brokers also provide a service that doesn’t quite fit into either category – they route different orders differently, depending on complex algorithms, or on a dealing desk, that analyze each order and attempt to fill it in the way that will be most beneficial to the broker’s bottom line. They can offset some client orders against one another, effectively creating an in-house market, they can choose to be the counterparty to a client’s trade (trade “against” the client), or they can offset their position with a hedge through a higher-tier counterparty. Note that the market maker is mainly concerned with managing its net exposure, and NOT with any single individual’s trades. They are NOT gunning for your stop losses specifically, but may be gunning for clusters of stops.