I’ve worked in banking for over ten years, covering a variety of roles and two companies. In this article, I’ll try to use my experiences to outline how you too can break into the banking industry.

We’re talking here about banking jobs but many of the tips that I will impart on creating your resume and cover letter will be equally applicable to other sectors. Indeed, it’s worth bearing in mind that there are a huge variety of positions available within banking, from branch-based bank clerks, to head office staff specializing in marketing, personnel, litigation and purchasing, etc.

We’re all familiar with the fact that a job application usually entails the necessity to submit both a resume and an accompanying cover letter. It’s worth considering, however, why these are so important? The reality is that it’s a competitive market out there, especially at a time when global economies are facing recession. It’s therefore vital that you do something to make yourself stick out from the crowd to employers. That’s where your resume and cover letter can come into play!

A resume (sometimes referred to as a CV or Curriculum Vitae) is a document that lists your relevant qualifications and work experience. (Interestingly, the words Curriculum Vitae are Latin for course of life’). It is a vital document because (along with its accompanying cover letter) it’s the first impression that the company you’re applying to will have of you. It should be seen as being part of Brand You’. It reflects the qualities that you can bring to the advertised job and will hopefully result in you being invited to an interview where you can further pitch for the job.

In building the perfect resume, there are four main things that you should bear in mind. I will cover each of these and they are resume format, resume presentation, resume content, and tailoring your resume to the specific vacancy. I will also briefly touch upon the requirements for your cover letter.

RESUME FORMAT:

There is no one standard resume format. Having said that, there are however certain attributes that are commonly felt to be beneficial. These include:

Length of no more than three pages. Remember that employers often see hundreds of resumes and have very short attention spans. A well written one or two page resume will stand out better than a rambling five page resume!

Include a Personal Details’ section. This will typically include your name, address, date of birth, telephone number(s) and

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The U.S. Small Business Administration (SBA) was originally founded in 1953
as an independent agency of the federal government to Aid, counsel,
assist and protect the interests of small business concerns, to preserve
free competitive enterprise and to maintain and strengthen the overall
economy of the United States.

Although the SBA has grown and evolved in the years since it was established
in 1953, its bottom line mission remains the same. The purpose of the
SBA is to help Americans start, build and grow businesses.

Through an extensive network of field offices and partnerships with public and
private organizations, the SBA delivers its services to people throughout
the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

The SBA is an independent agency within the federal government that operates
under the authority of the Small Business Act of 1953.

The SBA can makes loans directly to businesses and acts as a
on bank loans. In some circumstances it also makes loans to victims
of natural disasters, works to get government contracts for small businesses,
and assists businesses with management, technical and training programs,
some of which can be done on-line.

The SBA has directly or indirectly helped nearly 20 million businesses and
currently holds a portfolio of roughly 219,000 loans worth more than
$45 billion making it the largest single financial backer of businesses
in the United States.

The SBA has survived a number of threats to its existence. In 1996,
the then newly Republican-controlled House of Representatives planned to eliminate the agency.
It survived and went on to receive a record high budget in 2000.

Renewed efforts by the Bush Administration to end the SBA loan program have
met congressional resistance, although the SBA’s budget has been repeatedly
cut, and in 2004 certain expenditures were frozen.

SBA Loan Programs

The most visible elements of the administration are the loan programs it administers. The SBA itself does not grant loans. Instead, the SBA guarantees against default certain portions of business loans made by banks and other lenders that conform to its guidelines.

Contrary to popular belief, these programs are not generally for persons with
bad credit who can not get bank loans, nor are they primarily used for
startup funding. The primary use of SBA programs are to make loans
for longer repayment periods and with looser affordability requirements
than normal commercial business loans.

Also, a business can qualify for the loan even if the yearly payment would
be Read More »

Businesses are looking for a specific type of employee in their financial recruitment drive. Accounting jobs, banking jobs and other employment opportunities require a particular kind of person in addition to the relevant qualifications. Usually a degree is required for accounting jobs, but other types of financial careers in banking, whether it be a teller at a bank or an administrator, may only require a diploma to meet the criteria for a position. The more senior the role, the more qualifications are required in addition to experience in the field, whether it be in the same company or a different institution or competitor. Companies have different policies regarding giving internal applicant preference or employment equity. Many jobs require specialist qualifications to perform a specific type of business and many require experience within the working environment such as completion of articles or secondment in addition to a tertiary qualification. Accounting jobs also require certain characteristics along with a head for figures. Meticulousness, ability to work under pressure and accuracy is required. Accounting jobs require more hard work at certain times of the tax year, but office hours are generally adhered to in an accounts office. Banking jobs are competitive with many banks head hunting their ideal candidates and salaries vary depending on the seniority of the position, specialist roles and the bank’s size, budget, profitability and reputation in the market. Working in finance can be highly pressurized and banking jobs, in particular, have many rules and codes that must be adhered to. Because there is a high risk associated with handling cash, there are more safety procedures than in many companies that use commodities or services.

Workers may be subjected to daily security checks or changing passwords more often than employees in other industries and more employee confidentiality is required which will change the code of conduct. There are all internal policies of banking jobs and they may outsource hiring and recruitment responsibilities. There are many employment agencies that banks and other financial institutions work through instead of using their human resources department to head hunt or identify potential candidates in a recruitment drive. Employment agencies sort the candidates according to the employer’s needs in order to save time in the hiring process. Time is money in the business world and anybody looking for work should upload their CV to an employment site or join an agency as well as responding to suitable job advertisements in the media. Working in banking institutions is specialized and a strong interest in financial planning and the business economy is required. There is no room for error and the ability to work with numbers is crucial. Financial recruitment is all about the numbers and good Read More »

Banks have started realizing the importance of pricing as a banking enterprise entity. Core banking solutions fit well as technology solutions for banks’ day-to-day business.
However, the core banking solution itself cannot cater to all the fee-income needs of a bank. This is attributable to the complex nature of each bank with regard to its independent departments or business silos and their disparate systems. Over a period of time, what results is a severe inability to visualize the fee income or pricing of charges at the enterprise level.

How a Core Banking Solution Works
A core banking solution, often referred to as a CBS, typically has a GL subsystem at its core with plug-in satellite modules catering to the various divisions of the bank. The satellite modules, referred to as “modules,” cater to the business functionalities of the various lines of business of the bank. Typical CBS modules include but are not limited to:
Non-financial modules:

• Customer definition and accounts
• Customer limits definition, lines of credit, a central bank reporting structure
• Messaging and advice
• End-of-day processing modules, etc.

Financial modules:

• Loans, deposits, money markets
• Letters of credits and bills
• Treasury
• Liquidity management
• Local payments and cross-border
  payments
• Nostro reconciliations
• Interest and charge definitions, etc.

Each silo or line of business employs one or more of these modules to run its business. The modules are used to create contracts with customers at the branch level for various products. For example, a short-term, fixed-rate loan contract for the account of a large corporate customer has multiple components associated with it, such as the contract-principal component, tax component, interest component, product-preference component,
charge component, etc.

Transactions are generated at the component level during various events of the contract life cycle, such as contract initiation, booking, accrual, liquidation, rollover, advice generation, contract cancellation, etc. Such dollar (or any other currency) transactions hit the accounting and GL subsystem at the core. Thus, the core GL and accounting system ties the various silos together.
As we have seen, the CBS and its modules are used by the lines of business to manage customer contracts and their life cycles as well as most income classified as non-fee income.

Core Banking and Fee Income

The modules in a CBS have a charge component associated with a customer contract that allows the bank to charge fees. This charge component can generate transactions during various events. The charges, however, are only basic charges that could be required at Read More »

Loans for unemployed help one to be a homeowner who has a low income or is unemployed. It extends housing loans for constructing, rehabilitating and buying housing purpose structures. It’s difficult to get a house loan for the one who is unemployed since there is nothing which can be kept a security for repayment. Unemployed cannot promise such a condition, therefore to cater to these segment loaning market have devised housing loan for unemployed.

ARE YOU TEMPORARILY UNEMPLOYED?

No problem, still you can get unemployed housing loan. Housing loan for unemployed has some of the exquisite benefits attached to them like low interest rate and easy repayment terms. People who are homeless and have very low income due to unemployment and living on government benefits can apply for housing loan unemployed.

Housing loan for unemployed is typically a secured loan . Since you are investing a lifetime of your saving for unemployed housing loan, a prudent decision becomes the prime requisite. If you want to check credibility for housing loan for unemployed, you can contact various firms either physical or online.

HOW TO APPLY

Application is an easy procedure where in you are required to fill a simple form stating your requirements and personal details. It is always sensible to ascertain whether you can make repayments comfortably on housing loan before applying for housing loan for unemployed. Taking housing loan that you cannot repay will just prove to be an additional burden on your already tight position. However, if you are unemployed with a hope of going back to job then you can apply for housing loan for unemployed. To check affordability you can take the help of housing loan calculator. This will help you to decide if should go for it.

The amount and rates of interest rates are variables depending on the type of loan (secured or unsecured) and on your credit history.

So an unemployed status should not deter you from having your own house…

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If you require any additional information’s which is not listed above than please visit our finance news directory. So go and visit the huge directory of Bestfinancnews.com

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Want to purchase a home but can’t do so because you are unemployed. Well you don’t need to worry anymore because lenders have introduced a special kind of loan for unemployed people called housing loan unemployed. With housing loan unemployed you can avail a substantial amount of money in order to purchase a home.

Housing loan unemployed is a kind of secured loan. Your home will act as collateral against the loan amount. Lenders will retain the paper of your home until the loan amount is repaid but this doesn’t mean that you are not the owner. Keys and papers will be returned to you as soon as you pay back the loan. Placing home as collateral has many advantages. Lenders advance housing loan unemployed at very low interest rate and with flexible repayment duration.

You can avail good amount with housing loan unemployed. All you need to do is place your home as security. As then loan is advanced to unemployed people, lenders are lenient and charge low interest rate. Also the repayment duration is very flexible. You can pay back the loan once you start earning again. You can choose lower amount to pay as monthly installments or you can opt for longer period of repayment depending upon your needs and convenience.

You can avail housing loan unemployed for buying a new home, extending your home, renovating it and so on. If you have a valid reason you are eligible to avail housing loan unemployed. The best thing about housing loan unemployed is it is advanced to unemployed people that too with very low interest rate.

Housing loan unemployed is available both through online lenders and through physical market. If you don’t want to take the pain of visiting each and every lender personally you should opt for online method of loan application. To apply online for housing loan unemployed you just need to fill up an online application form mentioning details like type of loan you want to avail, amount of loan, period of loan and your contact details. Lenders will then contact you within few hours with their respective offers. You can also use internet to search for various lenders offering hosing loan unemployed. With few clicks you can obtain free loan quotes from their websites and compare between them to search for a suitable lenders.

With housing loan unemployed you won’t face any problem as far as availing a home loan is concerned.

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