Engineer as Banker
Some of my friends may think that being a
banker after graduating from ITB is only wasting the time. It is normal,
because life as engineering student is quite stressful especially with the mathematical equations, industrial standards, and also a bunch of homework. There
is a joke that as engineering students, we are forced to choose at most two from
these three choices: enough sleep, social life, good mark. That stupid jokes give us vision how hard the
challenge we faced to get the bachelor degree in engineering. “After that kind
of sacrifice to get graduating as an engineer, will you be a banker whom the
work has nothing to deal with your degree?” Before answering the question, we should know about
a Banker career.
Bank is the heart of economic. Most of the
money-related transaction is handled by Bank. Bank as intermediary gather
information from sellers then serve in simple and businesslike way to the
consumers. Bank has variety products. Not only saving and loan to society like
usually we see but also the other products. These are some of the product:
Deposit
Corporate and consumer loan
Credit card
Wealth management
Trade financing
Cash
management
Treasury
Debt
& capital market
Bank get revenue from two sources, the first is from Interest
income. Bank give at most 5%
interest to people who save their money then get at least 10% from people who
loaned it. The other revenue comes from fee income which being paid to bank for the service or product
such as salary management in a company
There are two types of Banker career, Back
officer and the front one.
1. Back
Office
Human Recourse
This division is dealing with people. They do recruiting, employee
development, and etc.
Legal
They handle all the legal things for bank and responsible to take the
legal action regarding Bank’s operational
Compliance
Compliance acts as a control function for Bank helping make sure
They are
a ‘fit and proper’ business. The division
works to understand the requirements
for financial institutions like banks.
Audit
This division is responsible for internal auditing function of a bank. People
who stick to the regulation are suitable for the job.
Operation
Operation division consists of people who responsible for the bank
operational.
2. Front Office
Consumer banking
Consumer banking division is dealing with
marketing to the potential consumer to use Bank’s service and product.
Corporate banking
Their people are the ones who come to other corporations or companies to
do marketing about Bank’s product and Service
Money market
This
division handles asset liability management and currency management
Treasury & Market
Treasury & Market is the core of a Bank.
Get closer to a treasurer
Treasury is like Bank’s bank. It works as
the connector of consumer, corporate, and commercial. This job has a high risk
but will earn you high income. Usually, treasury only consists of a few people.
But, they can get the same amount of money as the other divisions. As a
treasurer, you may get an equal take home pay as offshore engineer after five
up to ten years’ experience. That’s why only the best people can be a treasurer.
Treasury & Market division can be divided to two subdivision, trader and
sales. Traders earn money from a high risk transaction like Forex. Once they
get luck, they may earn more than 1 billion but if they are unlucky, the same amount
of money may loss. Sales handle transaction of Bank’s product related to
corporation and financial institution.
Well, After I got the insight of banker career
from Mr. Randi Bayu Prathama, I think being a banker is not that bad. Bank's job is quite challenging. So, being
a banker? Why not?
Speaker:
Randi Bayu Prathama
Treasury Sales - Senior manager Royal Bank of Scotland
Engineering Physics Batch 2002
Career Path:
2009-2010 join DBS Bank
2010-2011 Assistant Manager, Investment
Specialist, DBS Bank
2011-2012 Manager, Investment Specialist, DBS
Bank
2012-now
Senior Manager, Treasury Sales, Royal Bank of Scotland
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