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 RBC Dexia, Royal Bank of Canada & Dexia

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popadelic
post Mar 13 2011, 07:36 PM

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QUOTE(youngblood29us @ Mar 13 2011, 02:57 PM)
hi guys..came across this thread and being a ex staff of rbc, i thought of sharing some facts..first of all there no racism as claimed by lalazhai..thats bullcrap..ZAX 2, if u failed the interview, the problem lies in you..dont blame race as the reason..

the problem with rbc is the bosses mingle too freely with staffs and some will take opportunity to 'bodek' and the brainless bosses actually fall for that..that causes favoritism..this has been misunderstood by some as racism..what asanta said is 100% correct..play ur cards well..

honestly, 90% of the processes are back office processing..which means the job is repetitive..the pay well but ur career will be in disaster..ur learning curve will go downhill..the so called fund accounting is not that greater either..maybe its just slightly respectable than the rest..i left rbc last year..i was a pioneer then..went overseas for training etc..but i realized i was going nowhere there(knowledge wise)..

Freshies should not go into RBC..u should take up something more challenging in life..its always not abt the MONEY..if RBC closes down, u guys have no where to go..trust me

Epiyana-thats something new..i cant advise u on that..RBC have expanded so i guess auditors are new..during the interview, pls ask clearly whats ur job scope..if u intend to leave Public Bank, think very carefully..the benefits in RBc cant match PB

Sorry for a being spoilsport  for those who are eager to join RBC..hehe..but if ur going for the money, then go ahead
*
hi young blood, may i ask how is the increment ? will the staff there get an increment every year ?
youngblood29us
post Mar 13 2011, 08:24 PM

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yes yearly increment 5-7%, bonus 1-2mths..only the allowance is good..dont believe the 5-6mths bonus etc that they mention during the interview..not true..max is 2months only
epiyana
post Mar 14 2011, 11:04 AM

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QUOTE(youngblood29us @ Mar 13 2011, 02:57 PM)
hi guys..came across this thread and being a ex staff of rbc, i thought of sharing some facts..first of all there no racism as claimed by lalazhai..thats bullcrap..ZAX 2, if u failed the interview, the problem lies in you..dont blame race as the reason..

the problem with rbc is the bosses mingle too freely with staffs and some will take opportunity to 'bodek' and the brainless bosses actually fall for that..that causes favoritism..this has been misunderstood by some as racism..what asanta said is 100% correct..play ur cards well..

honestly, 90% of the processes are back office processing..which means the job is repetitive..the pay well but ur career will be in disaster..ur learning curve will go downhill..the so called fund accounting is not that greater either..maybe its just slightly respectable than the rest..i left rbc last year..i was a pioneer then..went overseas for training etc..but i realized i was going nowhere there(knowledge wise)..

Freshies should not go into RBC..u should take up something more challenging in life..its always not abt the MONEY..if RBC closes down, u guys have no where to go..trust me

Epiyana-thats something new..i cant advise u on that..RBC have expanded so i guess auditors are new..during the interview, pls ask clearly whats ur job scope..if u intend to leave Public Bank, think very carefully..the benefits in RBc cant match PB

Sorry for a being spoilsport  for those who are eager to join RBC..hehe..but if ur going for the money, then go ahead
*
Thanks for the advise youngblood.. i'll give it a try.. just wanna know what are they offering;)
popadelic
post Mar 14 2011, 03:27 PM

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called the HR department last wednesday asking about my status, he said i got the job, but still havent confirmed whether i join on april or may, he ask me to wait for the offer letter, up until today still no news yet, how long usually the offer letter is out ? i scared he only say i got the job just to 'jaga my hati' .... huhuhu any advise youngblood or anyone else?
vambot
post Mar 14 2011, 05:21 PM

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QUOTE(youngblood29us @ Mar 13 2011, 08:24 PM)
yes yearly increment 5-7%, bonus 1-2mths..only the allowance is good..dont believe the 5-6mths bonus etc that they mention during the interview..not true..max is 2months only
*
yes agree, never leave a local bank for rbc, initially the offer looks goods but later you will regret like me. sad.gif
youngblood29us
post Mar 14 2011, 08:29 PM

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QUOTE(popadelic @ Mar 14 2011, 03:27 PM)
called the HR department last wednesday asking about my status, he said i got the job, but still havent confirmed whether i join on april or may, he ask me to wait for the offer letter, up until today still no news yet, how long usually the offer letter is out ? i scared he only say i got the job just to 'jaga my hati' .... huhuhu any advise youngblood or anyone else?
*
if they said u got the job means u got the job..just wait for the letter..it may take some time
epiyana
post Mar 16 2011, 12:59 AM

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I've finished my 1st interview for a senior auditor position on monday.. It was a simple interview with the recruiter, Brian Lobo.. A very nice person.. The senior audit manager who was suppose to interview me was away but subsequently I was introduced to a nice looking lady named Ee Leng, the only senior auditor there so far.. Evrything was just fine except for the case study part because I didn't manage to complete some of the scenarios given.. Anyway they say that there will be another session and it can just be by phone.. I'm kind of happy with the interview as they're being honest regarding the bonuses and benefits which are surely incomparable with what I'm enjoying with public bank now.. But based on my observation, the kind of staff that they have are different.. They looked confident, with good communication skills. In simple words, they are international.. Now I'm waiting for what they can offer me.. If its worth the experience that I'll get for my career advancement then I'll go for it.. InsyaAllah
youngblood29us
post Mar 16 2011, 08:56 PM

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they are international??!! just because there are mat salleh and malaysians speak english ala mat salleh?? looks can be deceiving epiyana..
wai2kit
post Mar 16 2011, 10:50 PM

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I've started working here for the past 2 months. Fund Accountant. Anyway i think it's up to everyone's preference. So far i'm finding it good as i'm still learning new stuffs, but let's see after a few more months.

Also i do believe that your colleague will play a big role in determining the work environment. If you get a happy team it's good. If you get a team with stressful angry people, then er..

This post has been edited by wai2kit: Mar 16 2011, 10:51 PM
popadelic
post Mar 17 2011, 12:04 AM

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just signed the offer letter today @ 5pm, joining them this coming May! hopefully this is the place where i can find my 'first year' experience smile.gif
whojen
post Mar 17 2011, 12:21 AM

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From: PENANG



congrats smile.gif
i am still sticking with PBB
4+ years already.. hahah
martin_heng
post Mar 20 2011, 09:13 PM

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QUOTE(vambot @ Mar 14 2011, 05:21 PM)
yes agree, never leave a local bank for rbc, initially the offer looks goods but later you will regret like me.  sad.gif
*
I am leaving Cimb Investment Bank to join RBC Dexia, hope i would not regret...
lurvdesignersbag
post Mar 22 2011, 12:25 AM

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QUOTE(martin_heng @ Mar 20 2011, 09:13 PM)
I am leaving Cimb Investment Bank to join RBC Dexia, hope i would not regret...
*
you are leaving CIMB IB to join RBC?!!! are you serious????
Im planning to leave RBC and join IB and ya leaving IB to join RBC hmm......
what position they offering you? Fund Accountant?



This post has been edited by lurvdesignersbag: Mar 22 2011, 01:06 AM
lurvdesignersbag
post Mar 22 2011, 01:06 AM

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I've been with RBC for few months, joined as FA (Fund accountant)
At first don't know anything, thinking wow RBC Dexia, Canada-Lux Intl Company,
the benefits and treatment towards stuff must be world class as well!

And now i put my hands on the real battlefield, everyday rushing for deadlines, submitting NAV for each funds
and i saw lotsa candidates coming in and out from the interview
and then i started to think that wow rbc must be really aggressive and committed in expanding msia market
but then i observe and observe again
and then i found out, non of the FA sitting around me are happy people except for those new joiners who has yet to taste the real boredom of FA
they complained a lot, about the benefits, about the treatment, about rbc is expanding too fast that they only focus on new blood but ignoring the skilled and senior staff blablabla
and onli then i found out the truth about 'if you ain't the best, you dont deserve the yearly bonus!'
since then my heart kept on bleeding (dreams broken) and i've been out searchin for better opp

for all freshie, if you are up for money, really desperate for money and dont mind doing the same stuff daily, rbc welcomes you smile.gif
afterall this is all about back office, if your dream is to become like bigshot agent, let it be fund manager, broker or trader blablabla
im sorry but you have to look for somewhr else, this place is simply not for u
cuz we dont get to see client, we dont make any calls or decision,
what we hv to do is just very simple, make sure no mistakes on your funds and to produce the NAV on time,
any mistakes found, minor one, incentives will be stripped off, major one, you be too ashamed to stick with rbc

anyhow, i do enjoy the ride to rbc thou, it's traffic-less, unlike the hectic drive to the city! smile.gif
henry200
post Mar 22 2011, 10:31 AM

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QUOTE(lurvdesignersbag @ Mar 22 2011, 01:06 AM)
I've been with RBC for few months, joined as FA (Fund accountant)
At first don't know anything, thinking wow RBC Dexia, Canada-Lux Intl Company,
the benefits and treatment towards stuff must be world class as well!

And now i put my hands on the real battlefield, everyday rushing for deadlines, submitting NAV for each funds
and i saw lotsa candidates coming in and out from the interview
and then i started to think that wow rbc must be really aggressive and committed in expanding msia market
but then i observe and observe again
and then i found out, non of the FA sitting around me are happy people except for those new joiners who has yet to taste the real boredom of FA
they complained a lot, about the benefits, about the treatment, about rbc is expanding too fast that they only focus on new blood but ignoring the skilled and senior staff blablabla
and onli then i found out the truth about 'if you ain't the best, you dont deserve the yearly bonus!'
since then my heart kept on bleeding (dreams broken) and i've been out searchin for better opp

for all freshie, if you are up for money, really desperate for money and dont mind doing the same stuff daily, rbc welcomes you smile.gif
afterall this is all about back office, if your dream is to become like bigshot agent, let it be fund manager, broker or trader blablabla
im sorry but you have to look for somewhr else, this place is simply not for u
cuz we dont get to see client, we dont make any calls or decision,
what we hv to do is just very simple, make sure no mistakes on your funds and to produce the NAV on time,
any mistakes found, minor one, incentives will be stripped off, major one, you be too ashamed to stick with rbc

anyhow, i do enjoy the ride to rbc thou, it's traffic-less, unlike the hectic drive to the city! smile.gif
*
haha... practically everybody i know say's the same things about rbc ... if you have no ambition and would like to do repetitive work then it's the right place for you.
popadelic
post Mar 22 2011, 03:47 PM

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hello, i would like to ask a question,

1) is it normal for them not to state the amount of allowance given such as transport+shift allowance, the fringe benefit in the offer letter ?
lurvdesignersbag
post Mar 22 2011, 07:07 PM

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QUOTE(henry200 @ Mar 22 2011, 10:31 AM)
haha... practically everybody i know say's the same things about rbc ... if you have no ambition and would like to do repetitive work then it's the right place for you.
*
EXACTLY!!!
and you know what? all my seniors actly encourage me to work for any banks instead of rbc if the opp knocks on the door,
'just grab any opp that u hv, just go for it! you wont achieve anything by staying here!'

they were sincere, and they spoke it out from the bottom of their heart (i could sense that nod.gif )
and it keeps me wondering, why are they still staying here then? hmm.gif



This post has been edited by lurvdesignersbag: Mar 22 2011, 07:11 PM
lurvdesignersbag
post Mar 22 2011, 07:12 PM

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QUOTE(popadelic @ Mar 22 2011, 03:47 PM)
hello, i would like to ask a  question,

1) is it normal for them not to state the amount of allowance given such as transport+shift allowance, the fringe benefit in the offer letter ?
*
the amount for all these allowances wont be shown on the offer letter
but during your 1st day in rbc, they'll distribute the employee handbook to all of yall, there you can get any information that you need
let it be medical benefits, inconvenience allowance (shift), transportation allowance & etc etc smile.gif
popadelic
post Mar 22 2011, 08:30 PM

Getting Started
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Junior Member
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Joined: Jan 2005


QUOTE(lurvdesignersbag @ Mar 22 2011, 01:06 AM)
I've been with RBC for few months, joined as FA (Fund accountant)
At first don't know anything, thinking wow RBC Dexia, Canada-Lux Intl Company,
the benefits and treatment towards stuff must be world class as well!

And now i put my hands on the real battlefield, everyday rushing for deadlines, submitting NAV for each funds
and i saw lotsa candidates coming in and out from the interview
and then i started to think that wow rbc must be really aggressive and committed in expanding msia market
but then i observe and observe again
and then i found out, non of the FA sitting around me are happy people except for those new joiners who has yet to taste the real boredom of FA
they complained a lot, about the benefits, about the treatment, about rbc is expanding too fast that they only focus on new blood but ignoring the skilled and senior staff blablabla
and onli then i found out the truth about 'if you ain't the best, you dont deserve the yearly bonus!'
since then my heart kept on bleeding (dreams broken) and i've been out searchin for better opp

for all freshie, if you are up for money, really desperate for money and dont mind doing the same stuff daily, rbc welcomes you smile.gif
afterall this is all about back office, if your dream is to become like bigshot agent, let it be fund manager, broker or trader blablabla
im sorry but you have to look for somewhr else, this place is simply not for u
cuz we dont get to see client, we dont make any calls or decision,
what we hv to do is just very simple, make sure no mistakes on your funds and to produce the NAV on time,
any mistakes found, minor one, incentives will be stripped off, major one, you be too ashamed to stick with rbc

anyhow, i do enjoy the ride to rbc thou, it's traffic-less, unlike the hectic drive to the city! smile.gif
*
hearing this make me feel dont want to work there damn, but i cannot be choosy in picking out my first job, because i dont have any bargaining power because of my baad2 cgpa.. so i just grab whatever i can and see what the future hold for me after 1 year smile.gif
youngblood29us
post Mar 22 2011, 11:19 PM

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Well said lurvdesignersbag...

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