Jobs at IBM Malaysia

Written By Admin on Tuesday, February 15, 2011 | 1:21 PM

STOP WORKING FOR A COMPANY. START WORKING FOR A LEGACY. IBM is leading the world in best-in-class hardware, software and business services, but that's only possible because we hire the best possible people to support our teams. From finance gurus, to supply-chain experts, to the HR professionals who ensure our talent pool is the deepest on the block, IBM is built on a rock solid foundation. So even if you never thought about IBM before, we were already thinking about you. IBM IS NOW HIRING PROCUREMENT TRAINEE.

1. Procurement Trainee

Responsibilities:

•Procures goods & services, develops proposal and/or negotiates contracts consistent with customer requirements.

•Responsible for supporting procurement activities within region/geography including commodities, critical technology & parts.

•Interfaces with suppliers on issues that affect supplier operations & IBM strategic issues.

•Responsible for establishing, executing & tracking project plans.

•Works within given broad objectives to improve business processes.

•Identifies and implements skill building opportunities for procurement.

•Develops short range unit plans to accomplish business unit objectives.

•Participate in activities in support of multiple business units.

•Communicates/negotiates with supplier & customer counterparts & management.

•Monitors industry to maintain awareness of current practices.

•Acts as the technical & quality interface with suppliers.

•Assures that all supplier tooling & equipment is economically justified & is capable of performing its intended function.

•Identifies repeated off-spec conditions & takes permanent action to eliminate.

•Accountable to insure that IBM business conduct guidelines and procurement practices are understood and followed, both as an individual & for any teams that the individual may lead.

•Manages IBM suppliers, business partners & customer relationships.

•Prepares presentations & technical reports for project documentation, management reports & worldwide distribution.

•Performs moderate to high risk supplier evaluations and selections of a complex nature.

•Assumes additional responsibilities as assigned.

•Knowledge is used to solve technical problems, develop broad business processes, conduct in-depth analysis and develop detailed business plans with minimal management supervision.

Requirements:

•Candidate must possess at least a Bachelor's Degree or Professional Degree in Information Technology, Accounting/Finance, Engineering or Business/Management or equivalent with minimum CGPA 3.2 or Second Class Upper .

•Able to quickly absorb professional knowledge. Have proficient IT skills to perform job required.

•Advanced knowledge of business principles such as purchasing, business and contract law, finance and accounting.

•Able to provide clear, concise and informative written/oral communications in English.

•Good in Problem Solving, Contribution, Leadership and Negotiation Skills.

•A team player and able to work with under minimum supervision

•Comprehensive Traning Program is available for this position.

•Applicants should be Malaysian citizens or hold relevant residence status.

Join IBM and carve a career path to match your skills and aspirations. If you have the drive, we can help you stay in demand in today's dynamic business world

CLICK HERE TO APPLY ONLINE

Closing Date: 14 March 2011

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.

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