Week 9 & 10

Knowledge is of no value,
unless you put it into practice :)

(23/02/15- 06/03/15)

   It was a fruitful week for me. First of all, I would like to thank Miss Belinda Liau for her generosity and caring while teaching me some knowledge which is out of textbook. She was not busy today; therefore I see it as an opportunity to ask her to mentor me as well as asking her if anything that I could help. She told me that I couldn’t help much because her job responsibilities require to use her computer Identification card. One of her main job responsibility is related to bank asset which she need to update the system through her ID. Out of surprise, she opens the file name UOBM Date Warehouse Architecture and educate me some basic bank operation knowledge.

Part of the structure of UOBM Data Warehouse

           When I was given a question, “Where does bank largest revenue come from?” Without seconds, I answer confidently bank largest asset, Loan which generate interest revenue for the bank. I thought I was smart enough that my answer will be correct as this is what I learnt from class and textbook! Well, my answer is WRONG! Belinda told me that it was a correct answer indeed for few years back then. Nowadays, bank’s earning is come from Treasury where interchange amongst bank as well as all the derivatives security such as future, forward, option, and swap take places. In fact, bank will try their best to earn money even it’s a small amount of money, thus, bank will often lend out 70% of the depositor money as loan and another 30% will be places in others bank for short term in order to earn interest.

       With that knowledge in mind, I m confident say that I have a better understanding on the different of Basel I, Basel II and Basel III. Basel I is mainly focus on minimizing credit risk of the overall bank based on the minimum capital requirement 8% set by Bank Negara Malaysia, while Basel II was to create standards and regulations on how much capital financial must have put aside to reduce the risk associated with its investing and lending practices. Unlike Basel I and II, Basel III measures on the liquidity risk is what I learn from textbook. Indeed, It is but Basel III is builds on the Basel I and Basel II documents and seeks to improve the banking sector’s ability to deal with financial and economic stress, improve risk management and strengthen the bank’s transparency. In order to reduce the risk of system wide shocks, a focus of Basel III is to foster greater resilience at the individual bank level. Deep in my heart, I was impressing by all the knowledge she taught me! 100% understand!

      After one hour of teaching and chatting, we were off for lunch! Since today is the seventh day of Chinese New Year, it is a day that we Chinese believed today is everyone birthday thus we went to Rakuzen as a group outing for Lou Sang! Lou Sang is also known as yusheng or prosperity toss has a mixed ingredient of mix vegetables and salmon slices are put at one big plate to allow families to toss. Yusheng is a cultural activity that is considered as bringing good luck, vigor and prosperity. It is a second time lou sang with the team, I feel cherish and pleased! What made me happy was we finally take group photo ! Woohoo !! I did take a short video when we were having fun when lou sang-ing ! Treasure the moment with all of them as the time I be a part of ERC members is ending in one month times. :(

My Set Lunch - Teriyaki Chicken Set 

The best working partners that I could ever ask for.

Key Learning

Communication Skills

My communication skills had brush up as I communicate with my colleagues most of the times. I could say it has built my confident into a higher level. I gain more courage when presenting my idea as well as when dealing with people who may disagree with my suggestions, I able to communicate well to let them accept my idea which further boost my confidence.

Initiatives

I am always being an initiatives girl even during the internship period. I do things without being told; I find out what I need to know; I keep going when things get though; and I spot and take advantages of opportunities that other pass by. Through initiatives I get to learn more than what I suppose to learn and I get to play others role when the person in-charge is not around, for instance, I perform reconciliation statement on my ownself when my colleagues is on leave without waiting for instruction. I believe it shape me to a better employees who can think on their feet and take action without waiting for someone to tell what to do that every organisation would want to hire.