methods tools review of 2009 for software development many financialriskmanagementsoftware com
Last year has certainly been busy for the software development tools industry. We have seen many companies merging together and also the funeral of one of the oldest brand in the software development industry.
Bye, Bye Borland
After the sale of its development tools division to Embarcadero in 2008, Borland kept only the tools dealing with requirements management and software testing. This didn¡¯t improve its financial situation and finally Borland sold itself to MicroFocus. This was a sad end for a brand that accompanied software developer for more than 25 years. Software requirements have always been a secondary topic in the software development tools world and the trend towards agility hasn¡¯t improved this. Now you can manage user stories with paper cards and a board. Approaches like UML are declining and you will find few items dealing with them in today¡¯s programmers waterhole like dzone.com or stackoverflow.com, The end of Borland is just the symptom that this world is difficult for requirements tools vendors.
Oracle Buys Sun, WMware Buys Spring and You Buy Software
With a little bit of irony, just one year after having bought MySQL, Sun was acquired by Oracle. It is difficult to judge a deal that is not completed yet as the European Commission is still examining the merger. I am however afraid that the business and financial objectives of Oracle will largely lead to the reduction or the end of most of the Sun open source efforts and a serious slowdown in MySQL evolution.
Just after the future of Java becomes a topic of discussion after the deal between Oracle and Sun, WMware decided to acquire SpringSource and to give to this entity a stronger platform to promote the Java language. Since then, SpringSource has launched its Tomcat server version, Enterprise Java Cloud and Spring Roo. Previously it had acquired G2One at the end of 2008 and thus the control of the Groovy and Grails products. It is now surely the most important active player for Java software development tools.
Google is (also) a Software Development Tools Company
Google domination in the search engine world is well known, but as far as developers are concerned, it is amazing how Google is quietly occupying more and more space. Here are some of the software development initiatives of Google:
* Google App Engine
* Google Web Toolkit GWT
* Go Language
* Google open source projects forge
* Google I/O Conference
Google seems to have understood that besides the content, it should also be active in the plumbing that runs the Web.This is why software developers should be interested in what Google does in this area. You could do this following some blogs like the Google Code Blog and the Google Testing Blog. You will see that besides the well-known projects, Google releases a lot of interesting open source tools created by its development team.
Bye, Bye Borland
After the sale of its development tools division to Embarcadero in 2008, Borland kept only the tools dealing with requirements management and software testing. This didn¡¯t improve its financial situation and finally Borland sold itself to MicroFocus. This was a sad end for a brand that accompanied software developer for more than 25 years. Software requirements have always been a secondary topic in the software development tools world and the trend towards agility hasn¡¯t improved this. Now you can manage user stories with paper cards and a board. Approaches like UML are declining and you will find few items dealing with them in today¡¯s programmers waterhole like dzone.com or stackoverflow.com, The end of Borland is just the symptom that this world is difficult for requirements tools vendors.
Oracle Buys Sun, WMware Buys Spring and You Buy Software
With a little bit of irony, just one year after having bought MySQL, Sun was acquired by Oracle. It is difficult to judge a deal that is not completed yet as the European Commission is still examining the merger. I am however afraid that the business and financial objectives of Oracle will largely lead to the reduction or the end of most of the Sun open source efforts and a serious slowdown in MySQL evolution.
Just after the future of Java becomes a topic of discussion after the deal between Oracle and Sun, WMware decided to acquire SpringSource and to give to this entity a stronger platform to promote the Java language. Since then, SpringSource has launched its Tomcat server version, Enterprise Java Cloud and Spring Roo. Previously it had acquired G2One at the end of 2008 and thus the control of the Groovy and Grails products. It is now surely the most important active player for Java software development tools.
Google is (also) a Software Development Tools Company
Google domination in the search engine world is well known, but as far as developers are concerned, it is amazing how Google is quietly occupying more and more space. Here are some of the software development initiatives of Google:
* Google App Engine
* Google Web Toolkit GWT
* Go Language
* Google open source projects forge
* Google I/O Conference
Google seems to have understood that besides the content, it should also be active in the plumbing that runs the Web.This is why software developers should be interested in what Google does in this area. You could do this following some blogs like the Google Code Blog and the Google Testing Blog. You will see that besides the well-known projects, Google releases a lot of interesting open source tools created by its development team.
prosoft your say demand for new staff driven by several factors financialriskmanagementsoftware com
By: Lisa Cheong, Singapore
humanresourcesonline: Singapore ¨C Internal auditors, senior quantity surveyors, project managers and marketing communications professionals are some of the skills employers seek in this new year.financial risk management software
In the January ¨C March edition of the Hays Quarterly Report, Hays found that the reason for the growing demand is due to several factors. The first reason is because employers are now opting to recruit now in an attempt to gain competitive advantage and secure the best of the available talent, says Chris Mead, general manager of Hays in Singapore.financial risk management software
¡°Secondly, many organisations that cut staffing numbers to the bone in 2009 are going to look for new recruits. Now that the market is slowly recovering, employers are reassessing and re-creating vacancies. While they still exercise caution,financial risk management software more non-essential hires are now sanctioned," Mead says.
¡°Thirdly, candidates already in permanent roles are preparing to re-enter the job market. Some have already started looking for their next career step and this momentum will also generate opportunities as positions become vacant,financial risk management software further fuelling the jobs market."
According to the Hays Quarterly Report, the following skills are sought:
Accountancy & Finance: High demand exists for regulatory-related finance professionals.financial risk management software Experienced internal auditors are also sought due to the strong control culture in all companies.
Banking: Project management and strategic change candidates are sought following mergers and acquisitions and the migration of roles from other locations to Singapore. Investment banking operations is also an area of demand given recent expansions and role migration. Risk management and controls candidates are in demand due to heightened regulatory oversights.financial risk management software
Construction: Government infrastructure spending has seen companies tender for new projects. When added to their current project workload, this has created a need for senior quantity surveyors, project managers, estimators,financial risk management software estimating managers and costing managers.
Finance Technology: Java, C++ and C# skills are in most demand. Employers will also seek business analysts and project managers with domain experience across development, infrastructure and business.financial risk management software
Human Resources: Expanding companies are creating new HR roles at the senior level for managers and above as well as for generalists. Candidates with regional experience are preferred.
Pharma: General and technical R&D skills,financial risk management software including clinical, medical and manufacturing scientists, are sought due to continued government financial support.
Property: Project managers/directors are needed in the fit-out space within commercial/retail as major corporate banks, IT companies and MNCs expand.financial risk management software Employers continue to seek local FM talent, specifically within the commercial and data centres.
Sales & Marketing: FMCG and retail employers seek strong marketing candidates with product-based experience and insightful consumer trend experience. Marketing communications professionals at all levels, from graduates to directors,financial risk management software are in demand. The IT&T sector wants sales candidates with at least three to four years experience.
humanresourcesonline: Singapore ¨C Internal auditors, senior quantity surveyors, project managers and marketing communications professionals are some of the skills employers seek in this new year.financial risk management software
In the January ¨C March edition of the Hays Quarterly Report, Hays found that the reason for the growing demand is due to several factors. The first reason is because employers are now opting to recruit now in an attempt to gain competitive advantage and secure the best of the available talent, says Chris Mead, general manager of Hays in Singapore.financial risk management software
¡°Secondly, many organisations that cut staffing numbers to the bone in 2009 are going to look for new recruits. Now that the market is slowly recovering, employers are reassessing and re-creating vacancies. While they still exercise caution,financial risk management software more non-essential hires are now sanctioned," Mead says.
¡°Thirdly, candidates already in permanent roles are preparing to re-enter the job market. Some have already started looking for their next career step and this momentum will also generate opportunities as positions become vacant,financial risk management software further fuelling the jobs market."
According to the Hays Quarterly Report, the following skills are sought:
Accountancy & Finance: High demand exists for regulatory-related finance professionals.financial risk management software Experienced internal auditors are also sought due to the strong control culture in all companies.
Banking: Project management and strategic change candidates are sought following mergers and acquisitions and the migration of roles from other locations to Singapore. Investment banking operations is also an area of demand given recent expansions and role migration. Risk management and controls candidates are in demand due to heightened regulatory oversights.financial risk management software
Construction: Government infrastructure spending has seen companies tender for new projects. When added to their current project workload, this has created a need for senior quantity surveyors, project managers, estimators,financial risk management software estimating managers and costing managers.
Finance Technology: Java, C++ and C# skills are in most demand. Employers will also seek business analysts and project managers with domain experience across development, infrastructure and business.financial risk management software
Human Resources: Expanding companies are creating new HR roles at the senior level for managers and above as well as for generalists. Candidates with regional experience are preferred.
Pharma: General and technical R&D skills,financial risk management software including clinical, medical and manufacturing scientists, are sought due to continued government financial support.
Property: Project managers/directors are needed in the fit-out space within commercial/retail as major corporate banks, IT companies and MNCs expand.financial risk management software Employers continue to seek local FM talent, specifically within the commercial and data centres.
Sales & Marketing: FMCG and retail employers seek strong marketing candidates with product-based experience and insightful consumer trend experience. Marketing communications professionals at all levels, from graduates to directors,financial risk management software are in demand. The IT&T sector wants sales candidates with at least three to four years experience.
college university related news prn longtop wins contract to financialriskmanagementsoftware com
Longtop Wins Contract to Develop Basel II Risk Management Data Mart for a Big Four Bank in China
[25-January-2010]
HONG KONG, Jan.financial risk management software 25 /PRNewswire-Asia/ ¡ª Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that the Company has won a contract with a Big Four bank in China to develop a Basel II Risk Management Data Mart, which is a critical part of the customer's centralized market risk management system.
Under the terms of the agreement,financial risk management software Longtop will develop a Data Mart that collects transaction and market data from various data sources, makes necessary format transformation, and automatically supplies data to a risk measurement engine. By reducing manual data collection and supply, the establishment of the Data Mart will significantly improve the efficiency and accuracy of the risk measurement process. Longtop will also develop a centralized reporting system of the risk measurement results to help the customer meet related regulatory requirements.financial risk management software
"We are excited that this Big Four Bank customer has entrusted us to bring our solution capability and expertise to the table in the mission-critical area of risk management, further deepening our long-standing relationship," commented Weizhou Lian, Chief Executive Officer of Longtop. "Longtop is a pioneer in providing banking risk management IT solutions in China,financial risk management software evidenced by our early development of the first operational risk management system for a Chinese bank and last year's joint establishment of a Financial Risk Management Laboratory with Peking University. As a leader in China's financial technology market, Longtop is strongly committed to providing state-of-the-art risk management solutions to our customers and thus contributing to the future health of China's financial system."
Independent market research firm IDC forecasts that by 2013, the management related solutions market revenue in China will amount to RMB 3.financial risk management software 86 billion to account for 27.2% of the total banking IT solutions market, posting a 2009-2013 CAGR of 21.2%. IDC also projects that risk management will be one of the investment hotpots within the management solutions segment with a CAGR of 24.1% to a total of RMB 822.financial risk management software 3 million in 2013.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes,financial risk management software " "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology.financial risk management software Factors that could cause actual results to differ include the effectiveness, profitability, and marketability of the company's solutions; the Company's limited operating history; its reliance on a limited number of customers that continue to account for a high percentage of the Company's revenues; risk of payment failure by any of its large customers, which could significantly harm the Company's cash flows and profitability; the ability of the Company to operate effectively as a public company; future shortage or availability of the supply of employees; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission.These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions,financial risk management software estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct,financial risk management software and investors are cautioned that actual results may differ materially from the anticipated results. Any projections in this release are based on limited information currently available to us, which is subject to change.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting the financial services industry in China.financial risk management software Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop is the highest ranked Chinese financial technology provider on the Global FinTech 100 survey of top technology partners to the financial services industry. Independent research firm IDC has also named Longtop the No.1 market share leader in China's Banking IT solution market and the No.2 market share leader in China's Insurance IT solution market in calendar year 2008. Headquartered in Beijing,financial risk management software Longtop has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.
For more information, please visit: http://en.longtop.financial risk management software com/ . For more information, please contact: For Investors: Longtop Financial Technologies Limited Charles Zhang, CFA Email: ir@longtop.com Phone: +86-10-8421-7758 For Media: IR Inside Caroline Straathof Email: info@irinside.com Phone: +31-6-5462-4301 SOURCE Longtop Financial Technologies Limited
financial risk management software
Company Codes: NYSE:LFT.
[25-January-2010]
HONG KONG, Jan.financial risk management software 25 /PRNewswire-Asia/ ¡ª Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that the Company has won a contract with a Big Four bank in China to develop a Basel II Risk Management Data Mart, which is a critical part of the customer's centralized market risk management system.
Under the terms of the agreement,financial risk management software Longtop will develop a Data Mart that collects transaction and market data from various data sources, makes necessary format transformation, and automatically supplies data to a risk measurement engine. By reducing manual data collection and supply, the establishment of the Data Mart will significantly improve the efficiency and accuracy of the risk measurement process. Longtop will also develop a centralized reporting system of the risk measurement results to help the customer meet related regulatory requirements.financial risk management software
"We are excited that this Big Four Bank customer has entrusted us to bring our solution capability and expertise to the table in the mission-critical area of risk management, further deepening our long-standing relationship," commented Weizhou Lian, Chief Executive Officer of Longtop. "Longtop is a pioneer in providing banking risk management IT solutions in China,financial risk management software evidenced by our early development of the first operational risk management system for a Chinese bank and last year's joint establishment of a Financial Risk Management Laboratory with Peking University. As a leader in China's financial technology market, Longtop is strongly committed to providing state-of-the-art risk management solutions to our customers and thus contributing to the future health of China's financial system."
Independent market research firm IDC forecasts that by 2013, the management related solutions market revenue in China will amount to RMB 3.financial risk management software 86 billion to account for 27.2% of the total banking IT solutions market, posting a 2009-2013 CAGR of 21.2%. IDC also projects that risk management will be one of the investment hotpots within the management solutions segment with a CAGR of 24.1% to a total of RMB 822.financial risk management software 3 million in 2013.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes,financial risk management software " "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology.financial risk management software Factors that could cause actual results to differ include the effectiveness, profitability, and marketability of the company's solutions; the Company's limited operating history; its reliance on a limited number of customers that continue to account for a high percentage of the Company's revenues; risk of payment failure by any of its large customers, which could significantly harm the Company's cash flows and profitability; the ability of the Company to operate effectively as a public company; future shortage or availability of the supply of employees; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission.These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions,financial risk management software estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct,financial risk management software and investors are cautioned that actual results may differ materially from the anticipated results. Any projections in this release are based on limited information currently available to us, which is subject to change.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting the financial services industry in China.financial risk management software Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop is the highest ranked Chinese financial technology provider on the Global FinTech 100 survey of top technology partners to the financial services industry. Independent research firm IDC has also named Longtop the No.1 market share leader in China's Banking IT solution market and the No.2 market share leader in China's Insurance IT solution market in calendar year 2008. Headquartered in Beijing,financial risk management software Longtop has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.
For more information, please visit: http://en.longtop.financial risk management software com/ . For more information, please contact: For Investors: Longtop Financial Technologies Limited Charles Zhang, CFA Email: ir@longtop.com Phone: +86-10-8421-7758 For Media: IR Inside Caroline Straathof Email: info@irinside.com Phone: +31-6-5462-4301 SOURCE Longtop Financial Technologies Limited
financial risk management software
Company Codes: NYSE:LFT.
adaptive processes consulting enterprise governance risk and financialriskmanagementsoftware com
Certified ISO 9001:2008 Internal Auditor Course
(4 Days ¨C 2 Day Online and 2 Day Classroom)
4th and 5th Feb 2010 ¨C Bangalore (9.30 AM till 5.30 PM)
First 5 Registrations will receive original ISO 9001 standard hard copy
Hurry! Register Today!.
ISO 9001:2008, the International Standards for Quality Management System (QMS) has assumed significant importance in ensuring business growth through improved client satisfaction. Internal Audits are mandatory requirements of the standard.
Certified ISO 9001:2008 Internal Auditor Course will help Internal Auditors to conduct effective internal audits against the updated ISO 9001:2008 standard. The participants will also have access to world class eLearning program on ISO 9001 and Internal Audit from Adaptive Processes.
Target Audience: Management Representatives, Quality Managers, Software Quality Analysts, Quality Executives.
Day 1:
?Course introduction
?Understanding ISO 9001:2008
?Test on ISO 9001:2008
Day 2:
?Principles of Internal Auditing
?Preparation of Audit Checklists based on ISO 9001:2008
?Auditor Role plays based on Case study
?Certificate Examination
Faculty: LN Mishra, Certified ISO 9001 and 27001 Lead Auditor, PMP, CSQA (World Topper for the year 2000)
LN has 15+ years of professional experience in Software and Consulting ¨C Strategic Change Management and Software Processes ¨C ISO, CMM/CMMI, ISO 270001 and Six Sigma. He has consulted several large clients in US, Europe and India for IBM, Infosys, PWC, iGate, MACH, Ness Technologies, AXA Group Solutions, Zenith Software, Clutch Group etc. He has led in several ISO, CMM/CMMI Level 5 and ISMS implementations. He has developed and implemented multiple Quality and Information Security Management Systems. He has conducted 80+ trainings in public workshops and companies such as Infosys, IBM and iGate in the areas of Project Management, CMMI, and Software QA.
LN is a syndicated auditor for DNV, World¡¯s 2nd Largest Quality Auditing Company. He has conducted more than 100 audits for Infosys, IBM, Siemens, Metlife, Zenith, and many other companies. He has implemented ISO 9001 certification for INSZoom, Vati Consulting, Empower Research, and Adaptive Processes.
Sample Feedbacks from Earlier Courses:
1. Excellent workshop and a faculty with deep knowledge ¨C Manoj Nair, Ma Foi, Chennai
2. Thank you so much for the wonderful training sessions on Internal Auditing (ISO 9001 & 27001). It was such a great pleasure & knowledge enhancement for me to attend the session. Thanks once again. ¨C Renuka Arvind, Triumph India Software Services
3. Course material provided was exhaustive. It covered all the aspects. ¨C Raghavendra Vaidya, Aditi Technologies
Companies which have participated in our earlier Internal Auditor Training are AXA Financial Protection, Ness Technologies, Mach, Mafoi, Triumph India, Vana Solutions, Vati and many more..
Fee Details: Rs. 6000 per participant + Service Tax of 10.3%
(Includes Courseware, Access to E-learning Portal, and Buffet Lunch, Tea/Coffee/Cookies.)
Discounts :
Group Discount of Rs.500 if Confirm with advance payment for 2 or more participants
About Adaptive Processes Consulting
Adaptive Processes Consulting is a niche process and quality consulting firm. We help our clients in defining, implementing, managing and improving processes which are aligned to world class models and standards like CMMI, ISO 9001 and 27001, PMP, Six Sigma and PCMM. Our Adaptive Portfolio Management System (APMS) meets complete process and data management requirements for CMMI L5, ISO 9001 and ISO 27001. We have helped multiple Clients to achieve ISO 9001. We are currently helping multiple Clients with their ISO 27001, CMMI and ISO 9001 initiatives.
For Registration/Clarifications, Please contact:
Ananya
M:+91 9343794800
E: Ananya@AdaptiveProcesses.com/ananya.adaptive@gmail.com
Adaptive Processes Consulting Private Limited
#51, 3rd Cross, Church Street, Koramangala
Bangalore-560095. Karnataka, India
http://www.adaptiveprocesses.com/.
(4 Days ¨C 2 Day Online and 2 Day Classroom)
4th and 5th Feb 2010 ¨C Bangalore (9.30 AM till 5.30 PM)
First 5 Registrations will receive original ISO 9001 standard hard copy
Hurry! Register Today!.
ISO 9001:2008, the International Standards for Quality Management System (QMS) has assumed significant importance in ensuring business growth through improved client satisfaction. Internal Audits are mandatory requirements of the standard.
Certified ISO 9001:2008 Internal Auditor Course will help Internal Auditors to conduct effective internal audits against the updated ISO 9001:2008 standard. The participants will also have access to world class eLearning program on ISO 9001 and Internal Audit from Adaptive Processes.
Target Audience: Management Representatives, Quality Managers, Software Quality Analysts, Quality Executives.
Day 1:
?Course introduction
?Understanding ISO 9001:2008
?Test on ISO 9001:2008
Day 2:
?Principles of Internal Auditing
?Preparation of Audit Checklists based on ISO 9001:2008
?Auditor Role plays based on Case study
?Certificate Examination
Faculty: LN Mishra, Certified ISO 9001 and 27001 Lead Auditor, PMP, CSQA (World Topper for the year 2000)
LN has 15+ years of professional experience in Software and Consulting ¨C Strategic Change Management and Software Processes ¨C ISO, CMM/CMMI, ISO 270001 and Six Sigma. He has consulted several large clients in US, Europe and India for IBM, Infosys, PWC, iGate, MACH, Ness Technologies, AXA Group Solutions, Zenith Software, Clutch Group etc. He has led in several ISO, CMM/CMMI Level 5 and ISMS implementations. He has developed and implemented multiple Quality and Information Security Management Systems. He has conducted 80+ trainings in public workshops and companies such as Infosys, IBM and iGate in the areas of Project Management, CMMI, and Software QA.
LN is a syndicated auditor for DNV, World¡¯s 2nd Largest Quality Auditing Company. He has conducted more than 100 audits for Infosys, IBM, Siemens, Metlife, Zenith, and many other companies. He has implemented ISO 9001 certification for INSZoom, Vati Consulting, Empower Research, and Adaptive Processes.
Sample Feedbacks from Earlier Courses:
1. Excellent workshop and a faculty with deep knowledge ¨C Manoj Nair, Ma Foi, Chennai
2. Thank you so much for the wonderful training sessions on Internal Auditing (ISO 9001 & 27001). It was such a great pleasure & knowledge enhancement for me to attend the session. Thanks once again. ¨C Renuka Arvind, Triumph India Software Services
3. Course material provided was exhaustive. It covered all the aspects. ¨C Raghavendra Vaidya, Aditi Technologies
Companies which have participated in our earlier Internal Auditor Training are AXA Financial Protection, Ness Technologies, Mach, Mafoi, Triumph India, Vana Solutions, Vati and many more..
Fee Details: Rs. 6000 per participant + Service Tax of 10.3%
(Includes Courseware, Access to E-learning Portal, and Buffet Lunch, Tea/Coffee/Cookies.)
Discounts :
Group Discount of Rs.500 if Confirm with advance payment for 2 or more participants
About Adaptive Processes Consulting
Adaptive Processes Consulting is a niche process and quality consulting firm. We help our clients in defining, implementing, managing and improving processes which are aligned to world class models and standards like CMMI, ISO 9001 and 27001, PMP, Six Sigma and PCMM. Our Adaptive Portfolio Management System (APMS) meets complete process and data management requirements for CMMI L5, ISO 9001 and ISO 27001. We have helped multiple Clients to achieve ISO 9001. We are currently helping multiple Clients with their ISO 27001, CMMI and ISO 9001 initiatives.
For Registration/Clarifications, Please contact:
Ananya
M:+91 9343794800
E: Ananya@AdaptiveProcesses.com/ananya.adaptive@gmail.com
Adaptive Processes Consulting Private Limited
#51, 3rd Cross, Church Street, Koramangala
Bangalore-560095. Karnataka, India
http://www.adaptiveprocesses.com/.
all about work financial india hit by record low buys on rate financialriskmanagementsoftware com
Investment strategists are cutting recommendations on India at a record pace after the country¡¯s stocks surpassed China as the most expensive major emerging market for the first time since 2006.
The Bombay Stock Exchange Sensitive Index is valued at 20 times estimated profits, higher than China for the first time since November 2006 and the second-most expensive among the 25 biggest markets after Japan, according to monthly data compiled by Bloomberg. Even after the Sensex sank 4 percent last week, the most in almost three months, its stocks trade within 6.1 percent of analysts¡¯ average 12-month price estimates.
Rising valuations prompted analysts to cut ¡°buy¡± ratings on Indian equities to a record low. Goldman Sachs Group Inc. said the Reserve Bank of India plans its first interest rate increase since 2006 this week to curb inflation. The last eight times wholesale price increases climbed above their long-term average, the Sensex posted average losses of 5.6 percent, Bloomberg data show.
¡°There are better opportunities in other emerging markets,¡± said Roger Groebli, the Singapore-based head of financial market analysis at LGT Capital Management, part of a group that oversees about billion. India ¡°will be an underperformer for the first quarter,¡± he said.
Growth Rebounds
The Sensex gauge fell 0.9 percent to 16,715.34 as of 10:04 a.m. in Mumbai. The gauge surged 117 percent from its March low to a high on Jan. 6 as growth in the fourth-largest emerging economy after China, Brazil and Russia accelerated. Gross domestic product grew 7.9 percent in the three months through September, from 5.8 percent at the beginning of 2009. India may expand 6.4 percent in 2010, according to the Washington-based International Monetary Fund.
The rally pushed the Sensex¡¯s valuation above China¡¯s Shanghai Composite Index, which trades for 18 times analysts¡¯ earnings estimates. Chinese valuations are falling as faster growth adds pressure on policy makers to slow the rise in asset prices. The government reported last week that the economy expanded 10.7 percent in the fourth quarter, the fastest pace since 2007.
Brazil¡¯s Bovespa trades at 13 times earnings estimates and Russia¡¯s Micex is valued at 9.2 times. Japan¡¯s Nikkei-225 Stock Average has a ratio of 40, compared with 14 for the Standard & Poor¡¯s 500 Index, Bloomberg data show.
Tata Motors Ltd., maker of the world¡¯s cheapest car, led the Sensex¡¯s advance since March with a 470 percent gain. The Mumbai-based company is valued at 27 times analysts¡¯ earnings estimates, compared with 23 times for Shanghai-based SAIC Motor Corp., China¡¯s largest carmaker.
Analysts Cut Ratings
Surging equity valuations prompted India stock analysts to drop their ¡°buy¡± ratings to 49 percent of total recommendations, the lowest level since Bloomberg began tracking the data in 1997 and down from 59 percent a year ago.
The rise in price-to-earnings ratios may prompt companies to sell shares in stock offerings. Indian firms have plans to raise as much as billion while the government may sell about billion of shares in state-controlled companies, according to Kotak Securities.
Indian stocks risk a ¡°tactical correction¡± because investors have failed to price in the effect of rising interest rates and inflation, according to Goldman¡¯s Hong Kong-based strategist Timothy Moe.
Inflation Surge
India¡¯s wholesale-price index climbed 7.3 percent in December,the fastest pace in more than a year. Central bank Governor Duvvuri Subbarao probably will raise the key reverse repurchase rate by 25 basis points to 3.5 percent and the cash reserve ratio by 50 basis points to 5.5 percent at the next policy announcement on Jan. 29, Moe said in a Jan. 15 research report.
Eleven of 15 economists surveyed by Bloomberg predict policy makers will keep the reverse repurchase rate unchanged. Subbarao said last week he aims to support the nation¡¯s economic recovery without ¡°compromising¡± on price stability. A basis point is 0.01 percentage point.
Overseas investors sold a net 3.9 million of shares on Jan. 21 as the government said food inflation stayed above 15 percent for the ninth week. The report dragged down financial shares from Housing Development Finance Corp. to ICICI Bank Ltd., which are both based in Mumbai.
¡®Go Too Far¡¯
India¡¯s market ¡°hasn¡¯t factored in the risk of tightening whereas China has already begun to,¡± said Shane Oliver, the Sydney-based head of investment strategy at AMP Capital Investors, which oversees about billion globally. ¡°The macro backdrop in India and the share-market valuations are less favorable.¡±
The Shanghai Composite has dropped 10 percent from its 2009 peak in August as the People¡¯s Bank of China raised the proportion of deposits that banks must set aside as reserves and allowed three-month bill yields to rise. Policy makers are trying to reduce funds in the banking system after record loan growth spurred concern that bubbles will form in the equity and property markets.
Stocks plunged around the world Jan. 21 as concern grew China will do more to cool its economy after the fourth-quarter GDP report.
¡°What China is trying to do is take the foot off the accelerator,¡± said Oliver. ¡°It¡¯s already having a negative effect on the stock market because investors are concerned that they¡¯ll go too far.¡±
2010 Retreat
The Shanghai Composite is down 5.2 percent this year, the biggest decline among benchmark indexes in the largest emerging- market economies, or BRICs. The Sensex and the Bovespa dropped about 4 percent. Only Russia¡¯s Micex is up this year with a gain of 3 percent.
AMP cut holdings of Indian stocks to ¡°underweight¡± relative to China and other emerging markets near the end of 2009, Oliver said. India is the only underweight holding for money managers among the BRIC markets, according to a Bank of America Corp. survey this month.
India¡¯s higher valuations are justified because profits are poised to rise as the economy keeps expanding, said Ivan Leung of JPMorgan Private Bank. Ten of the 16 companies in the Sensex that have reported third-quarter results topped analysts¡¯ estimates, Bloomberg data show.
India Delivers
¡°Earnings growth looks solid and economic growth, even post-tightening, still looks pretty good,¡± said Leung, the Hong Kong-based chief investment strategist at JPMorgan Private Bank. ¡°India simply trades at a premium because it strongly delivers on that earnings growth.¡±
Indian companies may post compound annual profit growth of 22 percent over the fiscal years ending March 2011 and March 2012, JPMorgan Chase & Co.¡¯s brokerage estimates.
Better-than projected profits have failed to stem declines in the Sensex. The gauge dropped 3.5 percent since Bangalore-based Infosys Technologies Ltd., India¡¯s second- largest software exporter, kicked off the earnings season on Jan. 12 with results that topped analysts¡¯ estimates.
ICICI, India¡¯s second-largest bank, sank 2.9 percent on Jan. 21 even after reporting better-than-expected results. Wipro Ltd., India¡¯s third-largest software exporter, lost 1.7 percent on Jan. 20 after beating analysts¡¯ profit estimates.
The Sensex posted an average drop of 5.6 percent during periods when wholesale inflation climbed above its long-term average of 5.2 percent, Bloomberg data show. That compares with an average decline of 3.4 percent in rupee terms for the MSCI emerging index during the same periods.
¡°Inflation pressures are rising swiftly,¡± Goldman¡¯s Moe wrote. ¡°India seems most vulnerable.¡±
To contact the reporters on this story: Michael Patterson in London at mpatterson10@bloomberg.net; Shiyin Chen in Singapore at schen37@bloomberg.net.
The Bombay Stock Exchange Sensitive Index is valued at 20 times estimated profits, higher than China for the first time since November 2006 and the second-most expensive among the 25 biggest markets after Japan, according to monthly data compiled by Bloomberg. Even after the Sensex sank 4 percent last week, the most in almost three months, its stocks trade within 6.1 percent of analysts¡¯ average 12-month price estimates.
Rising valuations prompted analysts to cut ¡°buy¡± ratings on Indian equities to a record low. Goldman Sachs Group Inc. said the Reserve Bank of India plans its first interest rate increase since 2006 this week to curb inflation. The last eight times wholesale price increases climbed above their long-term average, the Sensex posted average losses of 5.6 percent, Bloomberg data show.
¡°There are better opportunities in other emerging markets,¡± said Roger Groebli, the Singapore-based head of financial market analysis at LGT Capital Management, part of a group that oversees about billion. India ¡°will be an underperformer for the first quarter,¡± he said.
Growth Rebounds
The Sensex gauge fell 0.9 percent to 16,715.34 as of 10:04 a.m. in Mumbai. The gauge surged 117 percent from its March low to a high on Jan. 6 as growth in the fourth-largest emerging economy after China, Brazil and Russia accelerated. Gross domestic product grew 7.9 percent in the three months through September, from 5.8 percent at the beginning of 2009. India may expand 6.4 percent in 2010, according to the Washington-based International Monetary Fund.
The rally pushed the Sensex¡¯s valuation above China¡¯s Shanghai Composite Index, which trades for 18 times analysts¡¯ earnings estimates. Chinese valuations are falling as faster growth adds pressure on policy makers to slow the rise in asset prices. The government reported last week that the economy expanded 10.7 percent in the fourth quarter, the fastest pace since 2007.
Brazil¡¯s Bovespa trades at 13 times earnings estimates and Russia¡¯s Micex is valued at 9.2 times. Japan¡¯s Nikkei-225 Stock Average has a ratio of 40, compared with 14 for the Standard & Poor¡¯s 500 Index, Bloomberg data show.
Tata Motors Ltd., maker of the world¡¯s cheapest car, led the Sensex¡¯s advance since March with a 470 percent gain. The Mumbai-based company is valued at 27 times analysts¡¯ earnings estimates, compared with 23 times for Shanghai-based SAIC Motor Corp., China¡¯s largest carmaker.
Analysts Cut Ratings
Surging equity valuations prompted India stock analysts to drop their ¡°buy¡± ratings to 49 percent of total recommendations, the lowest level since Bloomberg began tracking the data in 1997 and down from 59 percent a year ago.
The rise in price-to-earnings ratios may prompt companies to sell shares in stock offerings. Indian firms have plans to raise as much as billion while the government may sell about billion of shares in state-controlled companies, according to Kotak Securities.
Indian stocks risk a ¡°tactical correction¡± because investors have failed to price in the effect of rising interest rates and inflation, according to Goldman¡¯s Hong Kong-based strategist Timothy Moe.
Inflation Surge
India¡¯s wholesale-price index climbed 7.3 percent in December,the fastest pace in more than a year. Central bank Governor Duvvuri Subbarao probably will raise the key reverse repurchase rate by 25 basis points to 3.5 percent and the cash reserve ratio by 50 basis points to 5.5 percent at the next policy announcement on Jan. 29, Moe said in a Jan. 15 research report.
Eleven of 15 economists surveyed by Bloomberg predict policy makers will keep the reverse repurchase rate unchanged. Subbarao said last week he aims to support the nation¡¯s economic recovery without ¡°compromising¡± on price stability. A basis point is 0.01 percentage point.
Overseas investors sold a net 3.9 million of shares on Jan. 21 as the government said food inflation stayed above 15 percent for the ninth week. The report dragged down financial shares from Housing Development Finance Corp. to ICICI Bank Ltd., which are both based in Mumbai.
¡®Go Too Far¡¯
India¡¯s market ¡°hasn¡¯t factored in the risk of tightening whereas China has already begun to,¡± said Shane Oliver, the Sydney-based head of investment strategy at AMP Capital Investors, which oversees about billion globally. ¡°The macro backdrop in India and the share-market valuations are less favorable.¡±
The Shanghai Composite has dropped 10 percent from its 2009 peak in August as the People¡¯s Bank of China raised the proportion of deposits that banks must set aside as reserves and allowed three-month bill yields to rise. Policy makers are trying to reduce funds in the banking system after record loan growth spurred concern that bubbles will form in the equity and property markets.
Stocks plunged around the world Jan. 21 as concern grew China will do more to cool its economy after the fourth-quarter GDP report.
¡°What China is trying to do is take the foot off the accelerator,¡± said Oliver. ¡°It¡¯s already having a negative effect on the stock market because investors are concerned that they¡¯ll go too far.¡±
2010 Retreat
The Shanghai Composite is down 5.2 percent this year, the biggest decline among benchmark indexes in the largest emerging- market economies, or BRICs. The Sensex and the Bovespa dropped about 4 percent. Only Russia¡¯s Micex is up this year with a gain of 3 percent.
AMP cut holdings of Indian stocks to ¡°underweight¡± relative to China and other emerging markets near the end of 2009, Oliver said. India is the only underweight holding for money managers among the BRIC markets, according to a Bank of America Corp. survey this month.
India¡¯s higher valuations are justified because profits are poised to rise as the economy keeps expanding, said Ivan Leung of JPMorgan Private Bank. Ten of the 16 companies in the Sensex that have reported third-quarter results topped analysts¡¯ estimates, Bloomberg data show.
India Delivers
¡°Earnings growth looks solid and economic growth, even post-tightening, still looks pretty good,¡± said Leung, the Hong Kong-based chief investment strategist at JPMorgan Private Bank. ¡°India simply trades at a premium because it strongly delivers on that earnings growth.¡±
Indian companies may post compound annual profit growth of 22 percent over the fiscal years ending March 2011 and March 2012, JPMorgan Chase & Co.¡¯s brokerage estimates.
Better-than projected profits have failed to stem declines in the Sensex. The gauge dropped 3.5 percent since Bangalore-based Infosys Technologies Ltd., India¡¯s second- largest software exporter, kicked off the earnings season on Jan. 12 with results that topped analysts¡¯ estimates.
ICICI, India¡¯s second-largest bank, sank 2.9 percent on Jan. 21 even after reporting better-than-expected results. Wipro Ltd., India¡¯s third-largest software exporter, lost 1.7 percent on Jan. 20 after beating analysts¡¯ profit estimates.
The Sensex posted an average drop of 5.6 percent during periods when wholesale inflation climbed above its long-term average of 5.2 percent, Bloomberg data show. That compares with an average decline of 3.4 percent in rupee terms for the MSCI emerging index during the same periods.
¡°Inflation pressures are rising swiftly,¡± Goldman¡¯s Moe wrote. ¡°India seems most vulnerable.¡±
To contact the reporters on this story: Michael Patterson in London at mpatterson10@bloomberg.net; Shiyin Chen in Singapore at schen37@bloomberg.net.
lowongan kerja indonesia terbaru financialriskmanagementsoftware com
ANZ's presence in Indonesia dates back to 1973 when ANZ Grindlays Bank
established a representative office in Jakarta. This has enabled us to experience, first hand, the robust nature of the Indonesian economy and, more specifically, to learn about the local business culture and build relationships with the government, business and financial sector.
In 1993, Australia and New Zealand Banking Group Limited acquired an 85% shareholding in a joint venture bank now known as PT ANZ Panin Bank. The remaining 15% owned by PT Panin Bank Tbk ¨C one of Indonesia's ten largest private commercial banks, which brings considerable knowledge and expertise to the joint venture bank. PT ANZ Panin Bank (ANZ Panin) is a joint venture bank that combines the international network and experience of ANZ Banking Group and knowledge and expertise or our local establishment.
Panin Bank Jakarta Job Position:
Technology Project Manager-JAK100480
Description
* Position Based in Jakarta.
* Attractive Salary and Benefits.
* Challenging role and development opportunities.
ANZ is accelerating the growth of its business in Asia. We recognise our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership and great opportunities that will enable the best in market to thrive as part of our diverse team.
Reporting to Head of IT Projects, this role will manage the design, construction, controlling and implementation of technology to enable key Interchange and Channels projects in ANZ Panin such as Bersama and Prima interchange, Scheme Debit and Multicurrency. You will be required to manage projects and system integration activities, as well as engage with technology partners and vendors, including liaising closely with Regional and global technology partners.
Central to this role is your desire to understand the business and translate business needs and requirements into IT solutions aligned to the business environment. This also includes identifying and resolving issues and ensuring key milestones and deliverables are achieved. As the Technical Project Manager, you will be required to liaise and conduct negotiations with a wide range of internal and external parties for providing technology solutions. You would be expected to identify potential technology challenges and presents technical solutions, options and cost-benefits to senior and executive management that will overcome such challenges. In addition to the above, you will lead and develop a team of dedicated project resources.
Qualifications
The successful candidate will possess extensive experience in stakeholder management and in managing competing technology and business priorities. This role also expects you to be experienced in a technical environment with relevant business work experience. A demonstrated experience in managing ATM projects and other banking related activities covering both application and infrastructure elements is required for this role as is the ability to present to and influence senior and executive management internally and externally.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
System Analyst (Contract Based)-JAK100497
Description
* Dynamic environment
* Challenging project
* Exposure to banking industry.
ANZ is accelerating the growth of its business in Asia. ANZ realises that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
If you are an experienced System Analyst in possession of strong analytical and project management skills, looking to progress your career in a fast paced financial environment, this role could just be the one you are looking for. ANZ, Indonesia is looking for an Analyst with strong technical experience in system development, networking, databases, operating systems, and user support.
In this role,you will be required to provide technical expertise and recommendations in assessing IT projects and initiatives to support and enhance new and or existing systems. You will also analyse data and business logics to identify business requirements and implement solutions. This also extends to assessment and provision of application functionality, producing relevant technical, functional or any other form of project documentation and troubleshooting. You are also expected to liaise between all business units and provide expert technical advice to business users in the effective use of applications and information technology. Additionally, you will seek to identify business process improvement opportunities to improve efficiency and meet changing user requirements.
Qualifications
To do justice to this role, you must have a minimum of 1 years experience as Systems Analyst with at least 2 years hands-on experience in technical roles, preferably in a banking environment. You should also have an extensive knowledge of data processing, hardware platforms, and enterprise software applications with skills relating to document writing and knowledge of supporting tools. Personally, you will be a good communicator (English ¨C written and verbal) with the ability to meet deadlines and manage changing priorities.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Retail Internal Surveillance & Control Officer-JAK100499
Description
* Monitoring and testing of risks and controls
* Ensure control and compliance environment across branches
* Knowledge of Know Your Customer and Anti Money Laundering
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
The Retail Internal Surveilance & Control Officer (RISCO) is an integral part of Branch Operations and exists to enhance the standards in monitoring and testing of risks and controls, including developing a control and compliance environment across branches.
Key responsibilities include, daily review of account opening process, monitoring of information security, daily review of Cash Balancing and Reconcilement and conducting surprise checking of cash (in Vault/ATM), valuable papers (cheque books, PIN Mailer, etc), and ATM Card. You would be required to coordinate the preparation of Branch to BI/ Internal Audit Laundry List, as well as follow up committed action plan for any issue found by BI/ Internal Audit. In addition, you will monitor the completion of Compliance Leave and conduct Quarterly Risk Control Self Assessment (RCSA) Checklist, including the testing and reporting of results within the agreed trimeline.
Qualifications
We seek applications from experienced candidates possessing a minimum of 2 years experience in Banking Operational/ Internal Control with an in-depth knowledge of Know Your Customer (KYC) and Anti Money Laundering.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Filing Management Officer-JAK100492
Description
* Filing and Storage Management
* Recommend continuous Improvement in procurement/purchasing/supply chain process
* Contribute to the achievement of team goals
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
As the title implies, this is a support role that is responsible for all activities related to filing management.
Key responsibilities will include, maintenance of the filing/document list of each Department, maintenance of the filing management process and management of the Property, Procurement & Admin filing box. As a key member of the team, you will work collaboratively across all business units providing support to BU Heads as required, collaborating on projects and supporting the development of other members of the team. Customer focused, you will aim at maintaining a consistent level of customer service par excellence in compliance with Group policies and procedures.
Qualifications
The ideal candidate will display a high degree of energy and passion to make things happen. You will be competent in managing data and possess well developed communication, interpersonal and influencing skills required to work collaboratively across business. The role also demands knowledge in filing management & library system with a preferable background education in filing and library management.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Panin Bank Medan Job Position:
Operation & Back Office-MED100011
Description
* Support Branch Operations
* Focus on Liabilities and Treasury products
* Opportunity to work for a financial major.
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
In this role, you will provide support to our retail banking branch in all aspects of branch operational activities. The focus being on liabilities and treasury products, you will control and ensure the processing of daily bank transactions in compliance with agreed policies & procedures.
Qualifications
You are expected to have a good knowledge of administrative functions in an operational environment, gained through a minimum of 1 years experience in operation and back office. Good interpersonal & communication skills are a given as is a proficiency with computers. A Bachelor's degree is preferred, though not mandatory.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Meeter Greeter-MED100009
Description
* Customer facing role
* Focus on a high level of customer service
* Opportunity to work in a progressive financial environment.
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
As the title suggests, this is a customer facing role. The ideal candidate is customer focused and will be responsible for providing excellent customer service to priority account holders and existing personal banking clients in the priority banking lounge.
Qualifications
Dedicated customer focus, a pleasant personality with a good understanding of banking products, knowledge of computers and excellent communication skills in English and Mandarin are the essential requirements for this post. Ideally, you will be armed with a Bachelor's Degree in any discipline.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Panin Bank Surabaya Job Position:
Branch Operation & Service Manager-SUR100015
Description
The incumbent will be responsible to supervise the operations and administration of the Branch and responsible to co-ordinate with all parts around the bank to provide excellent customer service level and customer satisfaction in branch.
The candidates who meet requirements please apply online to our website address.
Our Website Apply Online
Related Posts: Lowongan Kerja Bank.
established a representative office in Jakarta. This has enabled us to experience, first hand, the robust nature of the Indonesian economy and, more specifically, to learn about the local business culture and build relationships with the government, business and financial sector.
In 1993, Australia and New Zealand Banking Group Limited acquired an 85% shareholding in a joint venture bank now known as PT ANZ Panin Bank. The remaining 15% owned by PT Panin Bank Tbk ¨C one of Indonesia's ten largest private commercial banks, which brings considerable knowledge and expertise to the joint venture bank. PT ANZ Panin Bank (ANZ Panin) is a joint venture bank that combines the international network and experience of ANZ Banking Group and knowledge and expertise or our local establishment.
Panin Bank Jakarta Job Position:
Technology Project Manager-JAK100480
Description
* Position Based in Jakarta.
* Attractive Salary and Benefits.
* Challenging role and development opportunities.
ANZ is accelerating the growth of its business in Asia. We recognise our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership and great opportunities that will enable the best in market to thrive as part of our diverse team.
Reporting to Head of IT Projects, this role will manage the design, construction, controlling and implementation of technology to enable key Interchange and Channels projects in ANZ Panin such as Bersama and Prima interchange, Scheme Debit and Multicurrency. You will be required to manage projects and system integration activities, as well as engage with technology partners and vendors, including liaising closely with Regional and global technology partners.
Central to this role is your desire to understand the business and translate business needs and requirements into IT solutions aligned to the business environment. This also includes identifying and resolving issues and ensuring key milestones and deliverables are achieved. As the Technical Project Manager, you will be required to liaise and conduct negotiations with a wide range of internal and external parties for providing technology solutions. You would be expected to identify potential technology challenges and presents technical solutions, options and cost-benefits to senior and executive management that will overcome such challenges. In addition to the above, you will lead and develop a team of dedicated project resources.
Qualifications
The successful candidate will possess extensive experience in stakeholder management and in managing competing technology and business priorities. This role also expects you to be experienced in a technical environment with relevant business work experience. A demonstrated experience in managing ATM projects and other banking related activities covering both application and infrastructure elements is required for this role as is the ability to present to and influence senior and executive management internally and externally.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
System Analyst (Contract Based)-JAK100497
Description
* Dynamic environment
* Challenging project
* Exposure to banking industry.
ANZ is accelerating the growth of its business in Asia. ANZ realises that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
If you are an experienced System Analyst in possession of strong analytical and project management skills, looking to progress your career in a fast paced financial environment, this role could just be the one you are looking for. ANZ, Indonesia is looking for an Analyst with strong technical experience in system development, networking, databases, operating systems, and user support.
In this role,you will be required to provide technical expertise and recommendations in assessing IT projects and initiatives to support and enhance new and or existing systems. You will also analyse data and business logics to identify business requirements and implement solutions. This also extends to assessment and provision of application functionality, producing relevant technical, functional or any other form of project documentation and troubleshooting. You are also expected to liaise between all business units and provide expert technical advice to business users in the effective use of applications and information technology. Additionally, you will seek to identify business process improvement opportunities to improve efficiency and meet changing user requirements.
Qualifications
To do justice to this role, you must have a minimum of 1 years experience as Systems Analyst with at least 2 years hands-on experience in technical roles, preferably in a banking environment. You should also have an extensive knowledge of data processing, hardware platforms, and enterprise software applications with skills relating to document writing and knowledge of supporting tools. Personally, you will be a good communicator (English ¨C written and verbal) with the ability to meet deadlines and manage changing priorities.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Retail Internal Surveillance & Control Officer-JAK100499
Description
* Monitoring and testing of risks and controls
* Ensure control and compliance environment across branches
* Knowledge of Know Your Customer and Anti Money Laundering
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
The Retail Internal Surveilance & Control Officer (RISCO) is an integral part of Branch Operations and exists to enhance the standards in monitoring and testing of risks and controls, including developing a control and compliance environment across branches.
Key responsibilities include, daily review of account opening process, monitoring of information security, daily review of Cash Balancing and Reconcilement and conducting surprise checking of cash (in Vault/ATM), valuable papers (cheque books, PIN Mailer, etc), and ATM Card. You would be required to coordinate the preparation of Branch to BI/ Internal Audit Laundry List, as well as follow up committed action plan for any issue found by BI/ Internal Audit. In addition, you will monitor the completion of Compliance Leave and conduct Quarterly Risk Control Self Assessment (RCSA) Checklist, including the testing and reporting of results within the agreed trimeline.
Qualifications
We seek applications from experienced candidates possessing a minimum of 2 years experience in Banking Operational/ Internal Control with an in-depth knowledge of Know Your Customer (KYC) and Anti Money Laundering.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Filing Management Officer-JAK100492
Description
* Filing and Storage Management
* Recommend continuous Improvement in procurement/purchasing/supply chain process
* Contribute to the achievement of team goals
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
As the title implies, this is a support role that is responsible for all activities related to filing management.
Key responsibilities will include, maintenance of the filing/document list of each Department, maintenance of the filing management process and management of the Property, Procurement & Admin filing box. As a key member of the team, you will work collaboratively across all business units providing support to BU Heads as required, collaborating on projects and supporting the development of other members of the team. Customer focused, you will aim at maintaining a consistent level of customer service par excellence in compliance with Group policies and procedures.
Qualifications
The ideal candidate will display a high degree of energy and passion to make things happen. You will be competent in managing data and possess well developed communication, interpersonal and influencing skills required to work collaboratively across business. The role also demands knowledge in filing management & library system with a preferable background education in filing and library management.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Panin Bank Medan Job Position:
Operation & Back Office-MED100011
Description
* Support Branch Operations
* Focus on Liabilities and Treasury products
* Opportunity to work for a financial major.
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
In this role, you will provide support to our retail banking branch in all aspects of branch operational activities. The focus being on liabilities and treasury products, you will control and ensure the processing of daily bank transactions in compliance with agreed policies & procedures.
Qualifications
You are expected to have a good knowledge of administrative functions in an operational environment, gained through a minimum of 1 years experience in operation and back office. Good interpersonal & communication skills are a given as is a proficiency with computers. A Bachelor's degree is preferred, though not mandatory.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Meeter Greeter-MED100009
Description
* Customer facing role
* Focus on a high level of customer service
* Opportunity to work in a progressive financial environment.
ANZ is accelerating the growth of its business in Asia. We realise that our greatest asset is our people. That is why we are creating a unique climate of inspiration, leadership, values and great opportunities that will enable the best in market to thrive as part of our diverse team.
As the title suggests, this is a customer facing role. The ideal candidate is customer focused and will be responsible for providing excellent customer service to priority account holders and existing personal banking clients in the priority banking lounge.
Qualifications
Dedicated customer focus, a pleasant personality with a good understanding of banking products, knowledge of computers and excellent communication skills in English and Mandarin are the essential requirements for this post. Ideally, you will be armed with a Bachelor's Degree in any discipline.
This is an opportunity to undertake a role offering exceptional opportunities for professional development with a broad range of career paths.
Panin Bank Surabaya Job Position:
Branch Operation & Service Manager-SUR100015
Description
The incumbent will be responsible to supervise the operations and administration of the Branch and responsible to co-ordinate with all parts around the bank to provide excellent customer service level and customer satisfaction in branch.
The candidates who meet requirements please apply online to our website address.
Our Website Apply Online
Related Posts: Lowongan Kerja Bank.
stock and commodity markets forecasting current market outlook 01 financialriskmanagementsoftware com
You asked me what next? It makes me smiled.
I just posted a chart in my earlier post of the day, where,financial risk management software I indicated the potential path of Financial Markets. it is the QQQQ Chart. Why I chose that? Because, it is the most vulnerable along with Financial sector, such as XLF, JPM (going to -36),financial risk management software BAC, GS (see my previously posted chart on 01-12). In QQQQ, GOOG (going to 0-502 range), BIDU (ought to fill the gap), RIMM (see my previously posted chart),financial risk management software are some of most susceptible to being wounded even further. AAPL may consolidate for a day or two(??)!!, then it shall, too, follow the markets.
financial risk management software
What Do I ask in return? Nothing but your prayers, include me and my family in your prayers. And one more thing, if you found this site to be beneficial to you,financial risk management software then pass it to others,and let them benefit.
I just posted a chart in my earlier post of the day, where,financial risk management software I indicated the potential path of Financial Markets. it is the QQQQ Chart. Why I chose that? Because, it is the most vulnerable along with Financial sector, such as XLF, JPM (going to -36),financial risk management software BAC, GS (see my previously posted chart on 01-12). In QQQQ, GOOG (going to 0-502 range), BIDU (ought to fill the gap), RIMM (see my previously posted chart),financial risk management software are some of most susceptible to being wounded even further. AAPL may consolidate for a day or two(??)!!, then it shall, too, follow the markets.
financial risk management software
What Do I ask in return? Nothing but your prayers, include me and my family in your prayers. And one more thing, if you found this site to be beneficial to you,financial risk management software then pass it to others,and let them benefit.
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Turning your computer into a super Internet media entertainment center is as simple as 1-2-3. Simply download the software package to your computer, install/unzip the files to your PC, and use the Pro TV player towatch TV on your PC for a lifetime. I use the software to watch TV on my PC and haven't complained yet. You can use to watch TV on your laptop or desktop computer, or connect your super computer TV to your home TV set.
Watching TV on a PC is fun and the coolest thing. With a laptop, you get better TV programming than your home TV and you can watch whatever your from any location. Watch any movie, NFL football, baseball, basketball, any sport, or CSI and other favorite TV shows¨Call free and legal to access.
There are only three requirements: 1) You pay a small on-time downloading fee and nothing more... EVER! 2) An Internet broadband connection is needed to obtain high performance and video quality, and 3) You need a Windows-based or Vista computer. That's it! No other equipment, service, fees, etc.
If you want want the free Internet media on your computer and turn your PC into a super TV, the Satellite PC Pro 4.0 has the ability to give all of that and more.
To learn more and see how this hi-tech TV on PC software can help you watch TV on your PC while at home, work, college, on a trip or from any location across the globe, go to Watch TV on PC
Are You Tired Of Boring TV, High Paid TV Cost Or Need An Extra TV!
Ultimately Best Software Package Today ¨C Satellite PC Pro 4.0 with NETVO Technology
Are you watching sports, movies, live/on-demand television shows and episodes on your PC? Or listening to music and radio? Whether you are or not, here's a great way how to streamline, organize and get 1000s of free premium, HDTV and on-demand channels over the Internet.
There's a hard way and easy way to doing this which relates to downloading a totally free software and searching for Internet media sites yourself or using a hi-tech software package that saves time and effort. The latter offers more perks with support and has the ability to harness the power of the Internet with all it's free media content and deliver tons of it right to your PC.
Satellite PC Pro is the number one software on the planet. Why? It has the best TV player pre-loaded with 1000s of channels Worldwide¨Calmost any Country/language. And it has the best overall package than even the most popular software out there today. This product is slowly climbing the charts in reliability with a success rate of 90%. For a small one-time fee, you get the best software package that offers the next best thing to Satellite/Cable TV which is the best of free Internet television.
Looking for a way to stop arguing over the remote, paying high TV/video costs or stop missing favorite TV episodes. Want a cheap extra TV?. Satellite PC Pro only requires you to have a Window, XP or Vista computer with an Internet broadband or wireless connection. Not only is it extremely easy and legal to download and watch your favorite entertainment online, it also helps newbies create their own super computer Internet TV within five minutes.
But that's not all...
The software offered by Dynamic Software West is a winner. You get a lifetime membership that includes free on-going software upgrades, channel updates and tech support. This adds greater value to the software (TV player) and keeps it like new for a lifetime.
The TV player is the best considering a few flaws that come with broadband Internet TV. But its the best out there that caters more to newbies and Internet TV/Video/Radio/Music enthusiasts. It's a great buy... cost a little under USD. Anyone in the World can download the software to watch anything and everything on their desktop or laptop computer.
There are many perks that come with this package such as bonuses (free software) that lets record your entertainment the way you like to. It also includes an All-in-One Members Area where you follow easy steps to creating your own super computer Internet TV system. You download the vendor's hi-tech TV player packed with all the bells and whistles to making a great online TV.
These are just some of the great things the Satellite PC Pro software package offers.But even if none of this seems too exciting, then consider creating your own mobile TV system using a laptop. You now have the ability to watch anything you want to see online from any location at home, work, college, on at trip, or even when traveling afar.
Satellite PC Pro with NETVO technology offers an array of possibilities that includes helping find hard-to-find channels and entertainment with no work involved. Totally free software don't compare because they don't offer any perks or support. Therefore if time isn't on your side, or you consider yourself a bit on the lazy side, it would be to your advantage to download the best TV on PC software package out there.
To Discover More And Create DIY (do-it-yourself) Super Computer Internet TV System With 1000s Of Free Entertainment, Go To Satellite PC Pro Now.
The Satellite PC Pro 4.0 NETVO isn't some water-down version of another TV for PC software with the same price tag. In fact, its innovative platform puts it far ahead of competitors and sets the standard that others must follow. If you really want to enjoy the best of free Internet TV/Radio/VOD and watch TV on your PC safely, without the scam, risk and illegal methods, this is the one you need to explore further.
With a hi-tech TV player that offers superb quality, great enhancements and outstanding support so that you get the best, I can tell you that an user, you get a watch TV software that really delivers on its promise. And you couldn't ask for anything better than that when knowing what exist over the Net. Simply put, I use the Pro software to watch TV on my PC TV.
How to watch tv on your PC is made simple enough that it becomes childsplay for newbies and Internet media enthusiasts. If you wanted t o supplement your current home TV entertainment center or add to a depleted one, you will not be disappointed with all the free entertainment you get. And best of all, there's no monthly and recurring fees to pay.
The Satellite PC Pro 4.0 NETVO provides a quick easy gateway (with automation) to 1000s of free live/recorded TV and radio channels including VOD (video on-demand). It's the next best thing to getting Cable/Satellite TV. When you can't always get access to a TV set, your favorite TV episodes, sporting events, or enjoy a movie 24/7, you canwatch TV on your PC whenever and wherever you choose. Listen closely... as this gets even better!
Besides it innovative ability to access all the Internet media entertainment you always wanted, you will enjoy having more TV variety, freedom, flexibility, and mobility that no TV network including the Cable/Satellite TV can give you. Once more, you get the best of Internet TV.
Turning your computer into a super Internet media entertainment center is as simple as 1-2-3. Simply download the software package to your computer, install/unzip the files to your PC, and use the Pro TV player towatch TV on your PC for a lifetime. I use the software to watch TV on my PC and haven't complained yet. You can use to watch TV on your laptop or desktop computer, or connect your super computer TV to your home TV set.
Watching TV on a PC is fun and the coolest thing. With a laptop, you get better TV programming than your home TV and you can watch whatever your from any location. Watch any movie, NFL football, baseball, basketball, any sport, or CSI and other favorite TV shows¨Call free and legal to access.
There are only three requirements: 1) You pay a small on-time downloading fee and nothing more... EVER! 2) An Internet broadband connection is needed to obtain high performance and video quality, and 3) You need a Windows-based or Vista computer. That's it! No other equipment, service, fees, etc.
If you want want the free Internet media on your computer and turn your PC into a super TV, the Satellite PC Pro 4.0 has the ability to give all of that and more.
To learn more and see how this hi-tech TV on PC software can help you watch TV on your PC while at home, work, college, on a trip or from any location across the globe, go to Watch TV on PC
Are You Tired Of Boring TV, High Paid TV Cost Or Need An Extra TV!
Ultimately Best Software Package Today ¨C Satellite PC Pro 4.0 with NETVO Technology
Are you watching sports, movies, live/on-demand television shows and episodes on your PC? Or listening to music and radio? Whether you are or not, here's a great way how to streamline, organize and get 1000s of free premium, HDTV and on-demand channels over the Internet.
There's a hard way and easy way to doing this which relates to downloading a totally free software and searching for Internet media sites yourself or using a hi-tech software package that saves time and effort. The latter offers more perks with support and has the ability to harness the power of the Internet with all it's free media content and deliver tons of it right to your PC.
Satellite PC Pro is the number one software on the planet. Why? It has the best TV player pre-loaded with 1000s of channels Worldwide¨Calmost any Country/language. And it has the best overall package than even the most popular software out there today. This product is slowly climbing the charts in reliability with a success rate of 90%. For a small one-time fee, you get the best software package that offers the next best thing to Satellite/Cable TV which is the best of free Internet television.
Looking for a way to stop arguing over the remote, paying high TV/video costs or stop missing favorite TV episodes. Want a cheap extra TV?. Satellite PC Pro only requires you to have a Window, XP or Vista computer with an Internet broadband or wireless connection. Not only is it extremely easy and legal to download and watch your favorite entertainment online, it also helps newbies create their own super computer Internet TV within five minutes.
But that's not all...
The software offered by Dynamic Software West is a winner. You get a lifetime membership that includes free on-going software upgrades, channel updates and tech support. This adds greater value to the software (TV player) and keeps it like new for a lifetime.
The TV player is the best considering a few flaws that come with broadband Internet TV. But its the best out there that caters more to newbies and Internet TV/Video/Radio/Music enthusiasts. It's a great buy... cost a little under USD. Anyone in the World can download the software to watch anything and everything on their desktop or laptop computer.
There are many perks that come with this package such as bonuses (free software) that lets record your entertainment the way you like to. It also includes an All-in-One Members Area where you follow easy steps to creating your own super computer Internet TV system. You download the vendor's hi-tech TV player packed with all the bells and whistles to making a great online TV.
These are just some of the great things the Satellite PC Pro software package offers.But even if none of this seems too exciting, then consider creating your own mobile TV system using a laptop. You now have the ability to watch anything you want to see online from any location at home, work, college, on at trip, or even when traveling afar.
Satellite PC Pro with NETVO technology offers an array of possibilities that includes helping find hard-to-find channels and entertainment with no work involved. Totally free software don't compare because they don't offer any perks or support. Therefore if time isn't on your side, or you consider yourself a bit on the lazy side, it would be to your advantage to download the best TV on PC software package out there.
To Discover More And Create DIY (do-it-yourself) Super Computer Internet TV System With 1000s Of Free Entertainment, Go To Satellite PC Pro Now.
just in just out press release convocation of chartered accountants financialriskmanagementsoftware com
24.01.10
Dear Sir / Madam,
Greetings from Prism PR
Please find below a press release captioned
Convocation (II) -2009
The Institute of Chartered Accountants of India (ICAI)
Kindly arrange to publish the news in your esteemed publication.
Thanks&Regards
Gowtham.G
Prism PR
24.01.10
PRESS RELEASE
The Institute of Chartered Accountants of India (ICAI)_
Convocation (II) -2009
The Southern Region of Institute of Chartered Accountants of India (SIRC) organized its Convocation on 24th January 2010 at Chennai. Shri S. Mallikarjun Kharge, Union Minister for Labour and Employment, Government of India,gave away Rank Certificates to the meritorious Chartered Accountants who passed the final exams. The President, ICAI, Uttam Prakash Agarwal. gave membership Certificates to the newly enrolled Chartered Accountants. Out of the 15 rank holders from south, 6 are from Tamil Nadu.
Speaking at the function Shri S. Mallikarjun Kharge,, who was the Chief Guest said "I deem it a great pleasure and honor to address this Convocation of ICAI. I am thankful to the Institute of Chartered Accountants of India for inviting me on this coveted occasion. This institute has distinguished itself as a pre-eminent institution. It is your hard work, devotion to quality, dedication of your faculty and vision of your management, which is responsible for this notable achievement."
Welcoming the gathering, CA V. Murali, Central Council Member, ICAI, said that the Indian Chartered Accountant have been acknowledged as the best accounting professional in terms of their technical acumen, knowledge and competencies and are symbols of 'determination, sincerity and hard work'.
CA Uttam Prakash Agarwal, President, ICAI congratulated all members present on this momentous day. He said "Today marks an important day in your lives and a significant milestone in your life's journey. Entering into this institution facing intense competition, you pursued your academic work with great dedication. It is a moment of pride for you as much as it is for us, your parents and those who had any part in shaping your life so far. You can recall that your mission for higher learning began here with great passion. It will not end until you feel fully confident of meeting uncertainties and challenges of the profession now and in the future.
Mr CA.Murali Convocation Convenor while complimenting all those students who had cleared the final exams said, "Every job is a self-portrait of the person who did it. Autograph your work with excellence. He said "Chartered Accountants not only analyze the implications of investments in technology and mechanization in financial and strategic terms, but are also in a position to actively develop software solutions tailored to each company's individual needs. An Indian Chartered Accountant has emerged as a complete Business Solution provider and is now recognized globally."He also advised all the students to always remember the Code of Ethics and keep the interest of nation as their top priority. Our students have been worthy ambassadors of the Institute and I am sure the current outgoing batch will also follow the trend".
CA M. Devaraja Reddy, Chairman, Southern India Regional Council of ICAI, proposed a hearty vote of thanks.
***************************
For further information please contact Mr. D Vjayaragavan Senior Assistant Secretary ph no.9380497920, 044-30210305
¨C
Prism PR India Pvt. Ltd.
Parkway, 122 ¨C Marshalls Road ,Egmore , Chennai -600008
Ph: 91 44 28529231/ 32 | F : 91 44 2859 2388.
Dear Sir / Madam,
Greetings from Prism PR
Please find below a press release captioned
Convocation (II) -2009
The Institute of Chartered Accountants of India (ICAI)
Kindly arrange to publish the news in your esteemed publication.
Thanks&Regards
Gowtham.G
Prism PR
24.01.10
PRESS RELEASE
The Institute of Chartered Accountants of India (ICAI)_
Convocation (II) -2009
The Southern Region of Institute of Chartered Accountants of India (SIRC) organized its Convocation on 24th January 2010 at Chennai. Shri S. Mallikarjun Kharge, Union Minister for Labour and Employment, Government of India,gave away Rank Certificates to the meritorious Chartered Accountants who passed the final exams. The President, ICAI, Uttam Prakash Agarwal. gave membership Certificates to the newly enrolled Chartered Accountants. Out of the 15 rank holders from south, 6 are from Tamil Nadu.
Speaking at the function Shri S. Mallikarjun Kharge,, who was the Chief Guest said "I deem it a great pleasure and honor to address this Convocation of ICAI. I am thankful to the Institute of Chartered Accountants of India for inviting me on this coveted occasion. This institute has distinguished itself as a pre-eminent institution. It is your hard work, devotion to quality, dedication of your faculty and vision of your management, which is responsible for this notable achievement."
Welcoming the gathering, CA V. Murali, Central Council Member, ICAI, said that the Indian Chartered Accountant have been acknowledged as the best accounting professional in terms of their technical acumen, knowledge and competencies and are symbols of 'determination, sincerity and hard work'.
CA Uttam Prakash Agarwal, President, ICAI congratulated all members present on this momentous day. He said "Today marks an important day in your lives and a significant milestone in your life's journey. Entering into this institution facing intense competition, you pursued your academic work with great dedication. It is a moment of pride for you as much as it is for us, your parents and those who had any part in shaping your life so far. You can recall that your mission for higher learning began here with great passion. It will not end until you feel fully confident of meeting uncertainties and challenges of the profession now and in the future.
Mr CA.Murali Convocation Convenor while complimenting all those students who had cleared the final exams said, "Every job is a self-portrait of the person who did it. Autograph your work with excellence. He said "Chartered Accountants not only analyze the implications of investments in technology and mechanization in financial and strategic terms, but are also in a position to actively develop software solutions tailored to each company's individual needs. An Indian Chartered Accountant has emerged as a complete Business Solution provider and is now recognized globally."He also advised all the students to always remember the Code of Ethics and keep the interest of nation as their top priority. Our students have been worthy ambassadors of the Institute and I am sure the current outgoing batch will also follow the trend".
CA M. Devaraja Reddy, Chairman, Southern India Regional Council of ICAI, proposed a hearty vote of thanks.
***************************
For further information please contact Mr. D Vjayaragavan Senior Assistant Secretary ph no.9380497920, 044-30210305
¨C
Prism PR India Pvt. Ltd.
Parkway, 122 ¨C Marshalls Road ,Egmore , Chennai -600008
Ph: 91 44 28529231/ 32 | F : 91 44 2859 2388.
south florida real estate major changes to fha mortgage financialriskmanagementsoftware com
Federal Housing Administration (FHA) loans have filled in the gap for mortgage purchasers who have less than stellar credit. Without FHA mortgages the real estate market would be losing value at a much faster rate than currently.
In October 2009, FHA announced that its capital reserve fund had fallen below the congressionally mandated level of 2 %. The drop in capital reserves has lead Congress and the Administration to call for changes to strengthen FHA.
On January 20, 2010, FHA announced major changes to ensure its long-term financial soundness.
FHA is trying to balance three fundamental objectives: 1) financial soundness of the FHA insurance fund, 2) fulfilling its mission of serving borrowers not adequately served by the private sector and 3) facilitating the recovery of the housing industry and the over-all economy.
By all accounts the new changes are a victory for home buyers. FHA has carefully balanced the need to make financial reforms with the need to keep FHA available to a large segment of consumers. This is evident by retaining the 3.5 % minimum down payment requirement and allowing the upfront mortgage insurance premium to be financed.
FHA announced changes in the following areas:
The upfront mortgage insurance premium (UFMIP) will increase to 2.25% up from 1.75%. Contrary to reports, FHA will continue to allow the financing of the UFMIP.
Borrowers with a credit score below 580 will be required to have at least a 10% down payment. The minimum down payment will remain at 3.5% for all other borrowers.
FHA will seek legislative authority to increase the annual premium (currently capped at .55%). Over time, increasing the annual premium may allow FHA to reduce the upfront premium.
Seller concessions will be reduced to 3% from 6%.
FHA will make the following lender enforcement changes:
FHA will impelement credit watch terminations at lender underwriting.
Public reporting of lender performance through scorecard system will be implemented.
FHA will impelement, through notice and comment, indemnification against lenders. Indemnification will be expanded beyond fraud and misrepresentation.
FHA will seek legislative authority to enforce indemnifications against direct endorsed lenders.
FHA will seek legislative authority to sanction lenders nationwide based on performance of local branch.
FHA is an integral part to the continued recovery of the real estate industry and the overall economy. The National Association of REALTORS (NAR) will continue to work with FHA, the Administration, and the Congress to ensure FHA can fulfill its mission while providing for the safety and soundness of the insurance fund. NAR is committed to assisting FHA as it balances risk management with creating homeownership opportunities across the country.