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Mga PEXer sa Industriya ng Pagbabangko o Pananalapi

Strong7PowerStrong7Power Member PEx Moderator
Mga PEXer sa Industriya ng Pagbabangko o Pananalapi
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  • Ice BurnIce Burn PEx Influencer ⭐⭐⭐
    All you PEX Bankers out there...
    How do like working for Banks? And what department are you in?

    I work for the Electronic Banking division for Corporate Business in a major bank. I usually set up companies pc's for web0based electronic banking as well as do client training.

    Well, it's not easy, i have to deal with a lot of pea-brains who blame the bank for every little detail that goes wrong even if it's their pc's, servers, etc., etc. that need fixing. The only thing I really get a kick out of is that I get to sit in the president's chair (or any other high official) of the companies I visit as well as knowing that I get to train them to use electronic banking.

    I never thought that I would work in a bank though, it's so friggin corporate yet I never thought that I'd enjoy it either. :)

    For non-bankers, would you like to work in a bank?
  • mac_bolan00mac_bolan00 PEx Veteran ⭐⭐
    head of credit analysis in a private development bank (a fancy term for a thrift bank).
  • I used to work as a financial analyst for 2 big foreign banks in Makati doing ***** like credit, cash flow, portfolio, business, and economic research and analyses, and dealt with the Treasury, Securities, and Investment banking too. What I loved about my work was conducting plant and office visits and hobnobbing with the corporate biggies, and getting freebies from them. But I got bored and shifted to a great-paying and much more exciting career as a web architecture and design specialist. I'm in Latin America now dancing salsa with the muchachas. :)

    Hey mac_bolan00, how's the BAP-Bouncing checks list doing? ;)
  • mac_bolan00mac_bolan00 PEx Veteran ⭐⭐
    haven't you heard? bouncing check issuance has been de-criminalized.
  • KuyaDannyKuyaDanny Moderator PEx Moderator
    Too bad it's still a crime to assassinate people who write the bouncing checks. :(

    I'm also an ex-banker. Once upon a time working for a bank was a good example of what our parents and grandparents would call "a stable job". Nowadays with mergers, downsizing, and technology, it isn't true anymore.

    Do "stable jobs" still exist? Maybe if you worked in a stable cleaning up after the horses. I wonder how different that is from some banking tasks. :lol:
  • No, I haven't heard about that.

    But just the same, are the following instances still violations of BP 22's provisions? Any changes?

    1) When a person issues a check on account or payment for goods and services knowing fully well at the time he makes the check that he does not have sufficient funds in or credit with his bank.

    2) When the bank dishonors such check for lack of funds to cover its full amount; or, it would have been dishonored just the same even if such person order his bank to stop payment without valid reason in doing so.

    3) When that person should have sufficient funds in or credit with his bank when he makes the check and maintains it to cover the full amount of the check when presented for payment within 90 days from the date appearing on such check.

    4) If the person is found guilty by the courts, that person shall be imprisoned for not less than 30 days but not more than one year; or, he pays a fine of not less than, but not more than double the amount of the check in question, and said fine shall not exceed P200,000; or, the courts may impose both fine and imprisonment. One dishonored check constitutes one offense.

    5) If the dishonored check is issued by a corporation, company or entity, the person or persons who actually sign the check on behalf of such group shall be liable.

    Did I miss something?

    We all know (well, us bankeros and ex-bankeros) that the mere issuance of any kind of check regardless of the intent of the parties, i.e., whether the check is intended merely to serve as a guarantee or deposit, but which check is subsequently dishonored, makes the person who issued the check liable.

    Wow, bankero uli ako! Woo! :lol:
  • according to a lawyer i just talked to today (specifically about BP 22), the law has not been decriminalized per se... the courts were given authority to decide whether the respondent be penalized with imprisonment or by paying a fine twice the amount in dispute.

    That's why those provisions are a s s holes, because in most cases, we see the conviction of the innocent and the acquittal of the guilty, so let the lawyers do the talking and let them have their swell fiestas of dissenting opinions.
  • KD, there is no such thing as a stable job with this global economy. :(
  • Originally posted by KuyaDanny
    Do "stable jobs" still exist?
    Peter Drucker predicted the end of job security over ten years ago. Recently, Tom Peters predicted everybody will be an outsource.
  • mac_bolan00mac_bolan00 PEx Veteran ⭐⭐
    there's always room for the good ones. in our bank, our pool of lending officers experiences a full turnover every 2 years (less at times). they say it's so hard to look for good account officers these days. i say bullsh_t. every year there are legions of fresh graduates from so many schools who are just dying to train as lending officers.
  • Ice BurnIce Burn PEx Influencer ⭐⭐⭐
    If you think about it, what other options do people have as protection from those writing bad checks aside from making it a criminal offense?

    In response to the question, Do "stable jobs" still exist?

    The only stable job I think you can have is to own a funeraria. Now that's a stable business cause someone dies everyday. How morbid but true.

    Another question...

    Does this phrase strike a chord with you?

    Study hard finish and get a stable job.

    :rolleyes:
  • Used to work for a bank. Now I work for an finance and insurance firm that does bancassurance (we use the bank as our primary distribution channel for our insurance and dollar investment plans).

    By the way,

    an executive of a commercial bank is currently looking for branch managers (chinese decent) to manage their Binondo branch network. Anyone who fits the bill, please reply privately.

    I also have a friend who is a very experienced branch manager who is looking for a job in a bank. Anyone interested?
  • KuyaDannyKuyaDanny Moderator PEx Moderator
    Originally posted by Ice Burn
    Study hard finish and get a stable job.

    Sounds like my grandmother talking. ;)
  • aticusaticus PEx Influencer ⭐⭐⭐
    Originally posted by mart1
    Used to work for a bank. Now I work for an finance and insurance firm that does bancassurance (we use the bank as our primary distribution channel for our insurance and dollar investment plans).

    By the way,

    an executive of a commercial bank is currently looking for branch managers (chinese decent) to manage their Binondo branch network. Anyone who fits the bill, please reply privately.

    I also have a friend who is a very experienced branch manager who is looking for a job in a bank. Anyone interested?

    E-mail me his/her resume. :) I'll forward it to my dad. No promises though...

    [email protected]
  • Ice BurnIce Burn PEx Influencer ⭐⭐⭐
    Originally posted by council

    have you read Robert Kiyosaki's "Rich Dad, Poor Dad" ???

    Yup, my dad made me read it... :)
  • do corporate finance and investment banking count in this thread?

    i work for the corporate finance division of a top financial/professional services firm :) We value companies for IPOs, mergers&acquisitions, corporate deletions and additions and tax restructuring.
  • Psst, tr|n|ty, do you also conduct valuation for global loans, onlend proceeds, and act as intermediary for SMEs?
  • we don't really do SMEs, smaller firms deal with middle market issues like corporate finance divisions of commercial banks and non-big 5 Financial/Professional services firms.

    to be more specific, we value intangible assets of companies...say technology, trademark, equity etc and say for M&As, we derive PPAs for these assets.
  • may mga nag wowork ba d2 sa bank?? san ba magandang bank mag trabaho?? thanks!! :)
  • i wanted to ask the same question. haha. i really want to work in a bank, i guess because of my course and i think working in a bank is a good training ground. hehe. :)

    whoIam, what is your course? just wondering. :)
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