Archive for the ‘My Career’ Category

Chief Internal Auditor

September 20, 2008

After spent so much time in Corporate Planning, since 1 May 2008, I become Chief Internal Auditor. Again, this is a new experience and challenge to me. As an auditor you main responsibility is to give reassurance to the Board that all internal controls in the organisation are in place.

It was a right time when I joined this department. In April 2008, the bank was corporatised. It changed its name from Bank Pertanian Malaysia to Agrobank of Malaysia. As a new organisation, new board members and Audit and Examination Committee (AEC) were appointed.

The current Audit and Examination (AEC) are comprised four members and headed by Datuk Elias Kadir. The first AEC meeting was held on 15 September 2008 and the second AEC was on 16th Septembr 2008. I feel the bank have very strong AEC.  You see in the two AEC meetings, we were presented a few important policy papers

In the first AEC meeting on 15th September 2008, we have presented four papers related to policy matters. The papers presented were Vision and Mission of Internal Audit, new Terms of Reference for AEC, Audit Charter, Audit Programs for branches and a new organisation chart of Internal Audit.

In the second meeting we tabled a few more papers. There were ‘KPIs for Internal Auditors’, ‘audit rating’ for branch audit and ‘whistle blowing policy’, Audit Program for ICT and Audit Time Sheet. In that meeting we also proposed audit plan 2009 which cover nearly 150 auditable areas. Audit Plan 2009 is based on risk based auditing. Risk based auditing is still a new approach to us.

Corporate Planner

September 20, 2008

When I went back to Malaysia in 1992, again I was posted to Research and Planning Department as head of the Department. Since I joined the deparment in 1992, it was evolved  a few times. It was known as Economy Division, Research and Planning Division and Corporate Planning Division.

As a the head the department, I was responsible and involved in many policy matters which deal directly with top management, the Board, the Ministry of Agriculture (MOA), Ministry of Finance, Bank Negara Malaysia, Prime Minister Department and almost departments in the MOA (such as Agriculture Department, Fishery Department, LPP and FAMA.

As a corporate planner most of my times were involved in planning and managing plan of the Bank. These include strategic plan (3-5 years) and yearly plan. As a goverment body (when it was Bank Pertanian, Bank Pertanian was involved in preparing Government’s 5 Years Development Plan.

One of the major assignments was related restructuring and to corporatisation of Bank Pertanian Malaysia. Bank Pertanian Malaysia was established under the Act Parliment 1969. It was a 100% government body where its staff salary scheme, yearly budget and business direction are followed the goverment. But its nature of operation was 100% like an private sector.

As result of the development, Government has decided to corporatised Bank Pertanian Malaysia. The journey to corporatise Bank Pertanian was initiated by Bank Negara Malaysia in 2005. A Steering Commitee chaired by Governor was established in 2005. The members were from Economic Planning Unit, Ministry of Agriculture, Ministry of Finance, Public Service Department and Bank Pertanian Malaysia (the Chairman was the member). This steering committee was aided by Policy Committe and Technical Committee. As a head of Corporate Planning, my involment was in the paper writings and did a secretariat job. We did many presentation to Bank Negara, Ministry of Agriculture and Economic Planning Unit (EPU).

I was Unit Head in Credit Operation

September 20, 2008

After three years as branch officer, I was transferred back to Head Office, specifically in Loan Supervision Department. As a Unit Head I was incharged to take care of few officers who were managed ‘board loans’. ‘Board loans’ meant loans were approved by the Board of Director which my Unit had to manage these loans. This included to visit project sites and made recommendation to withdraw or disburse loan to finance the projects.

I personally took incharged a few loans. When I was in this Departement, I gained experience to supervise oil palm plantations in Sabah, Perak and Terengganu. On average, the loan for each customers was about RM3 millions and the size was about a few hundred acres.

I became a branch manager

September 20, 2008

After seven years as research officer, I was transferred to Malacca branch as branch manager. This was another challenge to me. Try to imagine, without experience in operations (such as credit operation, financial management and office management), I was to take charge to manage a branch!

Malacca branch is a medium size branch. The staff was about 30. Main activities of the branch was loans and deposits. Malacca is basically is not an agriculture area. So there was not so much big agricultural activities.

My Experience as Research Officer

September 20, 2008

When your training was towards the end of 9th months, each executive trainee was given a chance to choose a department or branch he preferred to work. I chosed to work in Research Department. Until today, I still do not understand why I chose the department. Since I don’t have any experience in banking operation, I should not choose the reseach division as my first choice.

I did remember my first assignment was to prepare a bulletin on soya bean. The bulletin would be distributed to all bank pertanian branches as a guideline to credit officers when entertained potential customers who wanted to get loan to finance soya bean crop. Among the contents of the bulletin were yield per acre, viability, profitability, cash flow analysis, market potential, technical analysis and management.

Start With A Trainee Executive

September 20, 2008

When I was appointed as an employee, I have received a letter that I have to undergo an Executive Trainee Program for a period of ninth monts. About 60 new executives were appointed. Most of the months we were at the Head Office, attended lectures and solved many case studies.

We learnt everything about the bank operations. Since the bank’s core business is loan activities, much of the times we learnt about loan management. This includes loan enquiry, how to process a loan, loan approval, loan drawdown and loan collection. In loan processing, we learnt about preparing cash flow, calculating NPV (net present value), IRR (internal rate of return). In relation to loan processing/loan appraisal we learnt about reading and preparing balance sheet and income statement.

My Working Experience

September 14, 2008

I have been with a local bank for more than 30 years.  My carrer started as Trainee Executive in 1977 and will be ended as Chief Internal Auditor.

I will use this blog to document all my experiences since I joined the Bank. I have gained a lot of knowledge and experience when working with this bank. Economic and agricultural research, loan management, branch management, corporate planning and auditing are areas where I was attached.