Jobs Vacancy at SIRIM
SIRIM Berhad is a well-established corporate entity responsible to lead and enhance technology and quality in Malaysia. We urgently seek qualified and dynamic professionals who are ready for a challenging career to join us as:
PRODUCT CERTIFICATION AND INSPECTION DEPARTMENT
1. CERTIFICATION SPECIALIST (1 vacancy) Code: SGMPCI 25-1
2. CERTIFICATION EXECUTIVE (1 Vacancy) Code: CMCS 20-1
3. EXECUTIVE (1 vacancy) Code: TECS 20-1
CORPORATE SERVICES DEPARTMENT
1. SENIOR EXECUTIVE (4 vacancies) Code: SMBD 21/22-4
2. SENIOR EXECUTIVE (2 vacancies) Code: CCB 21-2
MANAGEMENT SYSTEM CERTIFICATION DEPARTMENT
1. SENIOR AUDITOR (1 vacancy) Code: SUSC-CDM 23-1
2. AUDITOR (1 vacancy) Code: SUSC-EMS 21-1
3. AUDITOR (2 vacancies)
TESTING SERVICE DEPARTMENT
1. TECHNICIAN (9 vacancies)
2. ADMINISTRATIVE ASSISTANT (5 vacancies) Code: Admin 13/14-5
FOR MORE DETAILS CLICK HERE
How to Apply:
Interested candidates are invited to submit a comprehensive resume, certified copies of relevant certificates complete with telephone number, expected salary and passport sized photograph (n.r.) to the address below not later than
28 February 2011. Please indicate the position applied for and its code in the resume and on the top left-hand corner of the envelope.
Head
Human Resource and Administration Section
SIRIM QAS International Sdn Bhd.
Block 8, No 1, Persiaran Dato' Menteri
40911 Shah Alam , Selangor Darul Ehsan
Only shortlisted candidates will be notified.
Closing Date : 28 February 2011
MORE INFO FRESH GRADUATE JOBS
MORE INFO EXECUTIVE LEVEL JOBS
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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.
