AMLA & Other Banking Pre-employment Hurdles

[greensloth]

I was able to get a very nice job offer from a bank last week. Grabe talaga ang paghahabol nila sa akin. I mean, seriously. They call me almost everyday for a good 1 month (inclusive of interview schedules), I got to talk to the President, etc., and had a lot of haggling sessions with Recruitment Head. One time, they called up my sister kasi out-of-reach daw ako e. And one funny incident, they called my office and looked for me! I was in a management meeting din. Mabuti na lang banko kaya nagmukhang credit card CI.

Anyway, now that I have accepted the job offer, it became apparent why everything happened. It seems due to the Anti-Money Laundering Act and a whole lot of other rules, it is now more difficult than ever to apply to banks. First of all, you should have no bad debts of any kind. Having no credit card and no loans, I was spic and span. I mean, I qualify of course, but due to the fact that most of the other competition have baaad credit records, I was the only one left.

So ayun, kaya kayong may mga credit card diyan, hinay2x lang baka umabot sa ibang MNCs ang culture na ito. Moreover, if you have a clean credit history and if you are qualified naman, now may be the best time to apply to banks - and make them bleed when it comes to compensation.

Just a tip.

[agentmori]

okay.... better cut down ang credit card usage....

[KuyaDanny]

While banks may take the lead in considering credit history when they vet a potential employee, this factor should be important for any employee in any industry.

An employee in trouble with creditors is likely to get pestered at the office with phone calls, attorney's letters, and maybe personal visits. If the employee has to deal with all of these distractions, how much quality time and brainpower will he have left to deal with the real problems of his job and the company? The employer still pays his salary, right? How much is it getting in return?

Every employee is, to some degree, responsible for other people's money. Stockholders' money is invested to provide resources necessary to help the employee earn a profit for the owners. If the employee cannot handle his own finances properly, how should we expect him to handle the stockholders' funds for which he is responsible?

Finally, an employee with pressing cash flow problems and no other immediate means to deal with them could be tempted to steal or commit fraud.

[mark_mark]

greensloth baka naman kasi laki ng suweldo mo sa dati mong work, d mo kailangan ng credit... he he kidding.

[monarchrising]

haha... this should be followed talaga....

[cretinous00]

There is nothing wrong with using a credit card and having a current balance in the account. Your CIBI / NFIS check might yield information such as a cancelled credit card but card companies have the lousiest records in the world. Your name could come up but it will show different addresses birth dates. also, just reporting your card was stolen and getting a new one will appear as a cancelled card on file. I suppose I already have several cancelled cards on record.

If they egg you about a cancelled card on your record, you either show them a clearance from the company (that you settled it with no incidence of default), or you could submit an affidavit of denial if you never had it in the first place.

More critical are court cases that might show up, bouncing check issuance, BP22, replevin, and other sum of money cases. These are really grounds for disapproval.

[greensloth]

There is nothing wrong with using a credit card and having a current balance in the account. Your CIBI / NFIS check might yield information such as a cancelled credit card but card companies have the lousiest records in the world. Your name could come up but it will show different addresses birth dates. also, just reporting your card was stolen and getting a new one will appear as a cancelled card on file. I suppose I already have several cancelled cards on record.

If they egg you about a cancelled card on your record, you either show them a clearance from the company (that you settled it with no incidence of default), or you could submit an affidavit of denial if you never had it in the first place.

More critical are court cases that might show up, bouncing check issuance, BP22, replevin, and other sum of money cases. These are really grounds for disapproval.

yeah, you can always do that. but per conversation with hr head, they'd rather skip the trouble. they are even so keen not to entertain applications from people with overdue credit card accounts. does not speak well daw for a banker. :bop:

[clone19]

yeah, you can always do that. but per conversation with hr head, they'd rather skip the trouble. they are even so keen not to entertain applications from people with overdue credit card accounts. does not speak well daw for a banker. :bop:

seriously?