Banking Jobs In Bahrain

Bahrain undoubtedly is the financial hub of the Middle East. It is also internationally known to be the most diversified economy in the Gulf region. Unlike other countries in the Gulf region that depend heavily on oil and gas production, in Bahrain, the contribution of this sector is merely 14% of GDP (2007). The most thriving sector in Bahrain currently is the financial sector. Thus, there is no dearth of banking jobs in Bahrain. These financial sector jobs have been increasing as the sector has seen ample growth over the past few years and Bahrain has become an attractive career destination for qualified expatriates in this field. Other than the financial sector, other booming sectors in the region include professional services, logistics, ICT, and manufacturing sectors.

Bahrain boasts of the highest and most transparent regulatory and supervisory standards in its financial sector and has thus become the most established financial hub which has attracted investors for businesses in this field. Despite being such a small country, it has attracted a lot of foreign investment in this region as it is the tried and tested ground for banking and insurance sector. In the region, there are more than 400 licensed financial institutions which contribute nearly 27% of GDP (2007). These institutions operate in banking, insurance and funds. Also, Bahrain is a hub for Islamic finance as the largest number of Islamic financial institutions is located in the region. Owing to these reasons banking jobs in Bahrain have become quite attractive to skilled professionals across the globe.

Bahrain banking jobs are very lucrative too. The prime reason for this is that it is a tax-free region. Thus, no taxes are levied on the compensation of an individual. This is a major puller for expatriates who throng the region to take up such jobs and make savings for a lifetime. These expatriates take up jobs on contractual basis and leave the country at the end of their term but by the time they leave, they save enough money to make the period of stay worthwhile. The quality and the standard of lifestyle offered in Bahrain are also world-class. Though one might find a huge difference in culture but with an open mind, one can enjoy the luxuries offered by the place. One has to be a little open-minded to settle well in the country and accept all the good that it has to offer.

To get a Bahrain banking job, one can apply through various mediums such as recruitment firms operating in the area, newspapers, job sites and also by directly applying to these banks that regularly advertise their vacancies on their websites. If going through a recruitment agency, it is always advisable to choose a certified agency because there are a lot of sham companies operating in this field who make unsuspecting job searchers a prey. Once short listed, the candidates have to go through a comprehensive selection procedure as the standards of selection in top financial companies are also very high. The employer becomes the sponsor of the expatriates who work in Bahrain. In your employment contract, there are other included benefits too. For instance, many employers offer housing, education for children and one annual free trip back home to employees. Considering these benefits, a banking job in Bahrain becomes a sought after one.

Despite the current economic downturn, Bahrains established status as the financial capital of the Middle East is ready to weather these tough times. The sector has seen a surging employment growth in Bahrain’s financial industry in the last few years. There is an emphasis on employing local Bahrainis as the countrys education system has evolved and is producing graduates ready to take up jobs. However, there is still a lot of demand for foreign workers. Prominent financial services companies operating in Bahrain include some big international names such as AIG, American Express, Bank of China, Citibank, European Islamic Bank, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Hanover Re, HSBC, Royal Bank of Scotland, JP Morgan, Lazard, Merrill Lynch, and Standard Chartered. The expansion of these firms in the region has ensured that more and more jobs are being created each year. Apart from banking, insurance and funds are the other two branches in the finance sector that are employing expatriates in large numbers.

Useful links:
www.naukrigulf.com/
http://www.naukrigulf.com/banking-financial-services-jobs-in-bahrain

blood banks – Benefits of Cord Blood Banking

Cord blood stem cells have already been used in treating over 20,000 patients for a wide range of diseases, including types of leukemia and immune system illnesses. Cord blood stem cell treatment is still considered experimental and scientists continue to research its uses in treating other diseases like cerebral palsy, stroke, and diabetes. As further scientific breakthroughs are made, the potential for using cord blood stem cells to treat a variety of diseases and conditions may continue to increase. The first documented clinical use of cord blood stem cells was in the successful treatment of a six-year-old boy afflicted by Fanconi anemia in 1988. Since then, cord blood banking has become increasingly recognized as a source of stem cells that can be used in stem cell therapy.

Recent studies have shown that cord blood has unique advantages over traditional bone marrow transplantation, particularly in children, and can be life-saving in rare cases where a suitable bone-marrow donor cannot be found. Approximately 50% of patients requiring a bone marrow transplant will not find a suitable donor within a critical period. In certain instances, there may be some medical issues around using one’s own cells drawn from their cord blood storage, as well as availability of cells, which will require treatments done using cells from another donor, with the vast majority being unrelated donors. However, studies have shown that stem cells from cord blood banking can also be used for siblings and other members of the family who have a matching tissue type. Siblings have up to a 75% chance of compatibility, and the cord blood may even be a match for parents (50%) and grandparents.

Parents often ask what a cord blood Collection Kit exactly is. A collection kit stores and protects cord blood for delivery to a cord blood bank. These kits vary from bank to bank, and they commonly feature temperature stabilizers, reinforced casings that provide breakage protection, and specialized collection bags for containing cord blood. It’s important to take your kit with you to the hospital, as the staff there will not provide you with one should you forget to bring it. With regards to choosing a reputable bank, it is important to take the time to consider these key questions: Has the bank registered with the U.S. Food and Drug Administration (FDA) and met all necessary state regulatory requirements? Is it accredited? How does the bank store cord blood? How experienced is the cord blood bank? Is the cord blood bank financially stable and profitable? Ask the bank you’re considering what it would do with your cord blood if the company went out of business. Look for a company with a reasonable plan to accommodate customers. For additional information, visit www.cordbloodadvantage.com to learn more.

Transforming Banking Solutions Thinking Out Of The Box

Bank Profile
Bank Sohar is a start up bank in Oman. Bank Sohars entry into the Oman banking sphere came about amidst much hype and fanfare. Bank Sohars IPO was oversubscribed more than 5 times even before the bank opened, revealing the Omanis expectations. With a strong group of promoters behind it, Bank Sohar now has an initial built up capital of 50 million Omani Rial (approx 125 million USD). Bank Sohar will cover the entire range of retail, corporate and investment banking services. Bank Sohar will focus on specific market segments and a phased approach to launching new products and services gradually evolving into a universal bank.

Key Business Drivers
Technology is viewed from 3 perspectives:

The demands that arise from the complexity of the operating environment created by urgent imperatives, risk mitigation drivers, sales roll-outs and so on cannot be ignored. Typically, deployment of solutions in such an environment translates into a period of about 18-24 months. The project can exceed this period, as well, if the architecture is complex and mired by inflexible legacy systems.

The imperat i ves, when the environment requires pure vanilla offerings and quick deployment schedules, are unique. For banks who want to synchronize technology and processes, BIAB offers solutions with which organizations can start leveraging technology benefits from day one.

The focus of the bank, that centres around absorbing best-in-class processes and banking practices, needs to be addressed effectively. Technology can help them compete aggressively with players in the international arena.

Solution Overview
Technology Players: Matching the Pace of Banking

Finacle Bank-in-a-Box (BIAB) framework is a new implementation paradigm that allows a bank to go live on Finacle core banking solution in a very short span. It is a pre-configured, fully integrated banking transformation solution based on its proven universal banking solution.

BIAB is an approach aimed at bringing down the implementation time and most importantly provides customers a best configured banking environment.

The bank wanted to implement the Finacle universal banking solution covering the functionalities of core banking, treasury, e-banking and CRM with interfaces to ATM, SWIFT, Oracle GL and RTGS/ACH apart from other third party products such as NetCast and Omnidocs.

Finacle had allocated four months to complete the project, however because Bank Sohar was a start up, it was engaged in its recruitment process which impacted the start date. The challenges included executing a project with key decision making personnel not on board from the beginning and basic infrastructure not in place at the bank’s site. The implementation was delayed by two months until February 2007, however, the deadline date had not changed as the banks CEO strongly requested that the original date of 1st April 2007, be maintained.

This posed significant risks, resulting from completing a four month project in less than two months, which meant that every activity would have to be watertight, without any contingency whatsoever. Thus, there was no scope for lags in any activity.

It was decided that Finacle Bank-in-a-Box would be deployed to save time and effort. Since this was a new bank, it was deemed that this would also add value in terms of providing a readily available base of best banking practices. The plan was to adopt a recommend approach rather than a requirement seeking approach.

Detailed project planning was done to carefully chart out every activity and crunch the activity to the bare minimum.

Core team training and Business Process Definition (BPD) traditionally done sequentially were now designed to be performed in parallel.

The BPD document which consisted of multiple modules and was traditionally signed off at the very end was now broken into multiple documents to facilitate quick sign offs after each module was completed.

To perform a complete but timely testing during System Integration Testing and User Acceptance Testing, Infosys recommended that the bank engage its Finacle Testing services unit to carry out this activity, which they did, ensuring timely completion.

Senior management commi tment Unequivocal commitment from the top management throughout the different phases of the implementation, paid off. It was defined in the project kick off meeting that all issues (on the banks side) should be escalated to the senior management immediately, which worked to ensure a disciplined and smooth implementation.

Core team training / BPD An 18-day workshop was designed with daily activities listed. Business owners responsible for sign offs for each of the days were also listed. Core training was planned to be performed during the first half of the day and the BPD immediately afterwards.

Benefits of Leveraging Technology

Bank Sohar core banking implementation (Phase1) was carried out before the bank formally opened its doors to the public within a record breaking timeframe of 56 days.

Was executed under a non-negotiable deadline committed to the bank

The retail loan module was not part of the initial project scope. However, 2 weeks from Go Live, the bank requested that at least one retail loan product be delivered as this was a basic requirement for local customers. Infosys took cognizance of the banks critical need and decided to meet it through innovative use of the corporate loan module, since a typical retail loan launch would have taken much longer. Infosys built in all the basic features of the retail loan product in the corporate loan module, positively impacting revenues from the loans portfolio for the bank.

A breakthrough decision taken, resulted in the actual revenue of the loans portfolio growing to over 10 times the expected target.

E-Loan Online Banking

The E-Loan Online Banking is one of the safest and securest of all the online banks for investing your money with. At E-Loan they use a SSL server that will confirm your connection each time you log in. This connection is encrypts all of the data and information so no outside party can view its contents. This is done with a 128 bit encryption.

This is what you would expect from an online bank that has made it mark in the financial community as providing a safe and convenient way for people and business to conduct their financial matters online.

This financial institution obtained it reputation by offering great interest rates on mortgages and car loans. Today they have expanded their financial services to also include savings and certificates of deposit accounts.

The current bank rates include a tiered format for their online savings accounts. The minimum deposits are $5,000, $10,000, $25,000, $50,000 and $100,000. The APYs are 0.15%, 0.45%, 0.50%, 0.55% and 0.65% respectively. For all balances below $5,000, the account will earn an APY of 0.05%.

The CD rates include 1 month CD that is earning an APY of 0.15%. The 2 month CD is earning an APY of 0.20%. The 3 month CD is earning an APY of 0.25%. The 6 month CD is earning an APY of 0.30%. The 9 month CD is earning an APY of 1.05%.

The 1 year CD is earning an APY of 1.26%. The 18 month CD is earning an APY of 0.75%. The 2 year CD is earning an APY of 1.00%. The 3 year CD is earning an APY of 1.15%. The 4 year CD is earning an APY of 1.35%. The 5 year CD is earning an APY of 1.90%. The 6 year CD that is earning an APY of 2.00%.

This is what E-Loan Online Banking has to offer. All rates are current as of June 2, 2011 but are subject to change without notice.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For you to learn a lot more regarding CD Rates Interest, Bank Rates, Sovereign Bank Online, CD Rates, SunTrust CD Rates, Chase Online Banking, Online Banks, Westpac Online Banking, CD rates, PNC Online Banking, chase CD rates from Author pay a visit to – http://onlinebanksblog.weebly.com

Article Source : http://www.onlinebanksblog.com/best-money-market-accounts/

Sbi Online Banking An Effortless Banking Experience

SBI online banking provides a user-friendly and secured platform to do your banking transactions. State Bank of India is a renowned name in India where most of the people prefer to be a customer of SBI. SBI has more than 11000 branches and other six associate banks across the whole India. It provides a large range of products and services

Onlinesbi.com is a website of SBI which provides online access to bank accounts of retail and corporate customers. To have an access to online banking services you have to download the Internet Banking registration form and submit it in the bank after filling the details. Once you submit all the details, the bank will provide you unique username and password to login to your account. It a good practice to change your username and password as soon as you login with the details.
The SBI virtual keyboard is a safer option than using the keyboard whenever you are making an online payment from any computer other than your own personal computer. Also you must avoid improper logging off. Customer logins and activities are tracked and archived. Also IRCTC allows you to make your payments via SBI Internet Banking.

Various Online banking services:-

Transfer funds to own and third party accounts

E-Ticketing

Opening bank accounts

PPF transactions

Demand Draft issue

Use eTax for online tax payment

Make bill payments over the Internet.

Request of Cheque Book

Set up profile settings

Railway and airline reservations

e-VFS- Electronic Vendor Finance Scheme

SBI has also introduced Loyalty Rewards Program, in which customers can get reward points for transacting online of Rs. 100 or above via onlinesbi. These points can be redeemed online for cash back. If you are a customer who has to do a lot of banking transaction, then internet banking is an excellent option for you. In case of any assistance regarding your internet banking account, you can call on Customer Care Toll-Free at 1800-112211