Looking at a few job sites like Headhunter, Vietnamworks, Jobstreet, etc., it is easy to see that most large and small joint stock commercial banks are recruiting and promising high salary payment for job positions serving Basel II projects.
Sacombank has recently advertised to recruit 700 personnel in May for such positions as Basel II project executives; consultants, risk management executives, training executives, transactors. According to a senior human resource officer at this bank, the Basel II project executive position is prioritised in this recruitment period.
Similarly, SHB has also announced to recruit three credit risk management executives following Basel II standard, Basel II’s Level 2 market risk executive and Basel II’s Level 1 market risk executive for Basel II project right in May.
ACB also posted job vacancy announcements for various positions in May and June. However, applications for Basel II implementation project members are not limited in number and time. Or, with this position, ACB will recruit continuously and have certain priority for applicants.
Looking at some job sites such as Headhunter, Vietnamworks, Jobstreet, etc. it is easy to see that most small and large joint stock commercial banks are recruiting and promising high salary payment for job positions serving Basel II projects. Many banks such as Nam A Bank, VietBank, PVCombank, VPBank, VIB, etc. posted recruitment information in large number as an opportunity to make their brands well-known.
Most banks expressed their desire to build a credit team working in accordance with Basel II standard right from this moment, so that when banks apply operations under this standard, the personnel can assess and analyse data and Weighted Assets (RWA) following current regulation.
Representative of ACB said the bank is expected to set up a team of Basel II personnel to work with authorities and the State Bank to define requirements from the regulator, thereby developing procedures, regulations, system, etc. to carry out banks following Basel II capital standards. Not only so, these new personnel can be the major factor to regulate resources and ask relevant departments to carry out work and apply Basel II capital standards.
Many other banks also want to recruit people to carry out sub-projects, programmes, plans following Basel II standards such as credit rating system, credit policy change, debt management, limit management, credit portfolio, risky asset calculation system, RWA.
So far, only 10 banks have been selected to pilot implementing Basel II. However, some of them are restructuring so they may not meet the capital requirement. In addition, some commercial banks were not selected by the regulator but are also active to build Basel II as a protective method against risks of not ensuring capital safety.
A financial expert said it is highly likely that the Capital Adequacy Ratio (CAR) of commercial banks in the future will be more closely supervised by the State Bank. Even, the regulator may warn and ask that in a certain period of time, there must adjust capital to increase quality for CAR. Any bank that fails to meet CAR as prescribed will risk being merged with a better bank to ensure system safety. Of which, the proportion of short-term capital for medium and long-term loan since 2019 will also decrease to 40 percent and will decrease further following market signal and the Loan to Deposit ratio at 80 percent as prescribed will be strictly controlled.
Basel II is also the way for banks to continue operating safely or having to merge with another bank. Admitting this, a commercial bank leader in HCM City said two years ago, the management board of his bank used to plan to merge voluntarily with another bank as a method to refine the apparatus, cut costs with the expectation to become stronger. However, after learning about the partner, the bank saw that the two sides had differences in culture, business target. So far, the method of developing Basel II to exist is optimal.
Applying Basel II criteria to commercial banks is a requirement of development and integration. However, the application of international standards in banking activities must be carried out based on strong internal strength rather than to cope during business operation process.
