RECRUITMENT FOR SPECIALIST CADRE OFFICERS

recruitment for special cadre officer

RECRUITMENT FOR SPECIALIST CADRE OFFICERS IN SBI ON CONTRACT BASIS FOR WEALTH MANAGEMENT BUSINESS UNIT

Central Recruitment & Promotion Department Corporate Centre, Mumbai

State Bank of India invites Online application for RECRUITMENT FOR SPECIALIST CADRE OFFICERS from Indian citizen for appointment to the following Specialist Cadre Officers posts. Candidates are requested to apply Online through the link given on Bank’s website https://bank.sbi/careers or https://www.sbi.co.in/careers

PROCESS OF RECRUITMENT FOR SPECIALIST CADRE OFFICERS

  1. The process of Registration is complete only when fee is deposited with the Bank through Online mode on or before the last date for payment of fee.
  2. Before applying, candidates are requested to ensure that they fulfil the eligibility criteria for the post as on the date of eligibility.
  3. Candidate can apply for more than one post.
  4. Candidates are required to upload all required documents (brief resume, ID proof, age proof, educational qualification, experience etc.) failing which their application/candidature
    will not be considered for shortlisting/ interview.
  5. Short listing will be provisional without verification of documents. Candidature will be subject to verification of all details/ documents with the original when a candidate reports for interview (if
    called).
  6. In case a candidate is called for interview and is found not satisfying the eligibility criteria (Age, Educational Qualification and Experience etc.) he/ she will neither be allowed to appear for
    the interview nor be entitled for reimbursement of any travelling expenses.
  7. Candidates are advised to check Bank’s website https://bank.sbi/careers or https://www.sbi.co.in/careers regularly for details and updates (including the list of shortlisted/ selected candidates). The Call (letter/ advice), where required, will be sent by e-mail only (no hard copy will be sent).
  8. ALL REVISIONS/ CORRIGENDUM (IF ANY) WILL BE HOSTED ON THE BANK’S WEBSITE ONLY.
  9. In case more than one candidate scores same marks as cut-off marks in the final merit list (common marks at cut-off point), such candidates will be ranked in the merit according to their age in descending order.
  10. Hard copy of application & other documents not to be sent to this office.

A. DETAILS OF POSTS VACANCY/ AGE/ SELECTION PROCESS/CONTRACT PERIOD/TRANSFER POLICY/PLACE OF POSTING

RECRUITMENT FOR SPECIALIST CADRE OFFICERS

B. DETAILS OF EDUCATIONAL QUALIFICATION/ OTHER QUALIFICATIONS/ EXPERIENCE

C. JOB PROFILE & KEY RESPONSIBILITIES AREAS

Head (Product, Investment & Research)

  • Designing the Value Proposition for the Wealth Management Business.
  • Responsible for Management of Research Team and Investment Team.
  • Ensure High Quality of Research Reports for Clients with Proper Coverage.
  • Ensure Product Benchmarking is conducted at Quarterly intervals
  • Launch of Innovative and Superior Wealth Management Products after Competition Scanning and Benchmarking.
  • Liaison with other Departments and Outside Agencies to have Best in Class Technology driven Solutions

Central Research Team (Fixed Income Research Analyst)

Job Profile:

  • The Fixed Income Analyst would work closely with Product & Research Head and conduct performance monitoring of portfolios held by the various customers, liaison with Market data Aggregators and Research providers.

KRAs:

The Mutual Fixed Income Analyst would work closely with Product & Research Head and conduct the following activities:

  • Creating Fixed Income Research / publication for internal and client use
  • Understand the current fixed income market and create forward looking outlook on the fixed income markets.
  • Create a list of approved and recommended fixed income securities
  • Liaison with other departments and market players for bond prices and trades.
  • Fixed income analytics of mutual fund and client portfolios
  • Liaison with market data aggregators and research report providers
  • Regular interaction with IC and RM teams
  • Any other matter, as may be entrusted by the Bank from time to time.

Relationship Manager/ Relationship Manager (e-wealth)/ Relationship Manager (NRI)

Job Profile:

  • Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of customers in order to meet business objectives.
  • Selling a range of Investment and Insurance Products to these customers in order to meet their financial planning and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives.

KRAs:

  • Acquire HNI and Affluent Customers
  • Deepen Relationship:
  • Manage the customers of the branch who are defined as Affluent/HNI customers
  • Grow the CASA of this portfolio
  • Selling, Mortgages, credit cards and drive channel migration
  • Acquire more customers from the same household Service these customers
  • Wealth Management
  • Do a Financial Needs Analysis and Risk Profiling for the customers in the portfolio. Periodic Portfolio reviews for all customers.
  • Selling investments, life insurance, general insurance and SIP.
  • Ensure all customers have a CASA for routing their investments.
  • Compliance
  • Ensure AMFI, IRDA and NISM certification
  • Ensure all customer instructions are executed the same day
  • Ensure 100% documentation of all transactions.
  • Branch Development
  • Conduct branch Insurance & Investment seminars to spread financial awareness
  • Any other matter, as may be entrusted by the Bank from time to time

Relationship Manager (Team Lead)

Job Profile:

  • Managing a team of Relationship Managers for the Wealth Management Business.
  • Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of customers in order to meet business objectives.
  • Selling a range of Investment and Insurance Products to these customers in order to meet their financial planning, objectives and thus attaining the revenue objectives of the Wealth Management business.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives.

KRAs:

  • Acquire HNI and Affluent Customers
  • Managing the team of Relationship Mangers and ensuring the team achieves its targets
  • Ensuring compliance of guidelines, systems & procedures by the Relationship Manager team
  • Allocation of leads and customers to appropriate team members
  • Deepen Relationships
  • Manage the customers of the Bank who are defined as Affluent/HNI customers
  • Grow the CASA of this portfolio
  • Selling Mortgages, credit cards and drive channel migration
  • Acquire more customers from the same household Service these customers.
  • Wealth Management
  • Do a Financial Needs Analysis and Risk Profiling for the customers in the portfolio.
  • Periodic Portfolio reviews for all customers
  • Selling investments, life insurance, general insurance and SIP.
  • Ensure all customers have a CASA for routing their investments.
  • Compliance
  • Ensure all customer instructions are executed the same day
  • Ensure 100% documentation of all transactions.
  • Branch Development
  • Conduct branch Insurance & Investment seminars to spread financial awareness.
  • Any other matter, as may be entrusted by the Bank from time to time

Customer Relationship Executive

Job Profile:

  • CREs are responsible for providing on ground support to Relationship Managers in collecting the documents from the customers and sending it to the relevant department for service requests where documentation or in person meeting with customer is required.

KRAs:

  • Assisting Relationship Managers in collecting and delivery of documents from/to Wealth Customers.
  • Assisting Service Managers in completion of onboarding documentation.
  • Assisting Relationship Managers / Service Managers in collection and delivery of documents in different departments of the Bank.
  • Doorstep Banking to customers.
  • Any other matter, as may be entrusted by the Bank from time to time

Zonal Head Sales (Retail) (Eastern Zone)

Job Profile:

  • Managing a Wealth Management Sales in the Zone allocated.
  • Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of customers as per the business objectives.

KRAs:

  • Managing the Zonal Sales for the Wealth Management Business
  • Managing the Relationship Manager Team Leads and Relationship Managers ensuring achievement of budgets by the RM Teams
  • Acquire HNI and Affluent Customers
  • Managing the team of Relationship Mangers and ensuring the team achieves its targets
  • Ensuring compliance of guidelines, systems & procedures by the Relationship Manager team
  • Compliance: Ensure all customer instructions are executed the same day & Ensure 100% documentation of all transactions.
  • Zone Development: Conduct Zone Investment seminars to spread financial awareness & Customer Meets and Campaigns
  • Ensuring Customer Satisfaction
  • Any other matter, as may be entrusted by the Bank from time to time

Central Operation Team Support

Job Profile:

  • Timely and effective completion of daily operations, AMC coordination, CPA generation and upload, End-of-Day Activities, etc.

KRAs:

  • End – of – Day Activities.
  • CPA generation and upload.
  • Fetching feed files from RTAs/DWP/CRISIL
  • New investor documents upload.
  • AMC coordination.
  • Order reconciliation
  • PMS data upload.
  • All troubleshooting/rectification tasks relating to Central Operations Team operation
  • Any other matter, as may be entrusted by the Bank from time to time.

Risk & Compliance Officer

Job Profile:

  • Formulating the Risk Management Guidelines, transaction monitoring and proactively identifying and mitigating the risks for the Wealth Management Business.
  • Ensuring Compliance of the Wealth Management Business with the Regulatory and Internal Compliance Guidelines.

KRAs:

  • Development of risk management practices manual based on regulatory guidelines (issued by compliance).
  • Sales and investment advisory practices defined by Sales Head, Research Head and CGM (Wealth).
  • Transaction monitoring to identify discrepancies (pre-defined triggers)
  • Exception Handling for all risk related alerts provided by the Technology Platform
  • Random checking through calls to Hubs, e-wealth Centre and Customers
  • Publishing surveillance reports for all branches / hubs
  • Minimize and pre-empt customer complaints on account of malpractices
  • Eliminate breaches of regulatory guidelines
  • Ensure adherence to risk management manual by RMs, SMs and ICs
  • Ensuring compliance of Various Regulations of SEBI, RBI and other regulatory bodies.
  • Creation of Internal Compliance guidelines to be followed by Wealth Management and Advisory teams (Sales, Service and Operations)
  • Liaising with regulatory bodies for updates on guidelines – IRDA, AMFI, RBI, NRI guidelines in key geographies (USA, UK, Singapore, Middle-East, Australia)
  • Resolution of observations by regulators on wealth management practices – both in India & globally
  • Monitoring the Compliance, by the Wealth Management, including Advisory Teams in respect of requirements of the Regulatory guidelines, notifications and instructions from time to time
  • Submission of necessary disclosures to SEBI and other regulatory bodies
  • Any other matter, as may be entrusted by the Bank from time to time

D. REMUNERATION: CTC NEGOTIABLE FOR ALL THE POSTS.

  • Head (Product, Investment & Research) – ₹.80.00 lacs to ₹.99.62 lacs
  • Central Research Team (Fixed Income Research Analyst) – ₹.25.00 lacs to ₹.45.00 lacs
  • Relationship Manager – ₹.6.00 lacs to ₹.15.00 lacs
  • Relationship Manager (e-Wealth) – ₹.6.00 lacs to ₹.15.00 lacs
  • Relationship Manager (NRI) – ₹.6.00 lacs to ₹.15.00 lacs
  • Relationship Manager (Team Lead) – ₹.10.00 lacs to ₹.28.00 lacs
  • Customer Relationship Executive – ₹.2.00 lacs to ₹.3.00 lacs
  • Zonal Head Sales (Retail) (Eastern Zone) – ₹.25.00 lacs to ₹.45.00 lacs
  • Central Operation Team Support – ₹.10.00 lacs to ₹.15.00 lacs
  • Risk & Compliance Officer – ₹.22.00 lacs to ₹.27.00 lacs

E. HOW TO APPLY FOR RECRUITMENT FOR SPECIALIST CADRE OFFICERS

Candidates should have valid email ID which should be kept active till the declaration of result. It will help him/her in getting call letter/Interview advices etc. by email.

GUIDELINES FOR FILLING ONLINE APPLICATION:

  • Candidates will be required to register themselves online through the link available on SBI website https://bank.sbi/careers OR https://www.sbi.co.in/careers and pay the application fee using Internet Banking/ Debit Card/ Credit Card etc.
  • Candidates should first scan their latest photograph and signature. Online application will not be registered unless candidate uploads his/ her photo and signature as specified on the online registration page (under ‘How to Upload Document”).
  • Candidates should fill the application carefully. Once application is filled-in completely, candidate should submit the same. In the event of candidate not being able to fill the application in one go, he can save the information already entered. When the information/ application is saved, a provisional registration number and password is generated by the system and displayed on the screen. Candidate should note down the registration number and password. They can re-open the saved application using registration number and password and edit the particulars, if needed. This facility of editing the saved information will be available for three times only. Once the application is filled completely, candidate should submit the same and proceed for online payment of fee.
  • After registering online, the candidates are advised to take a printout of the system generated online application forms

GUIDELINES FOR PAYMENT OF FEES:

  • Application fees and Intimation Charges (Non-refundable) is 750/- ( Seven Hundred Fifty only) for General/EWS/OBC candidates and 125/- ( One hundred Twenty-Five only) for SC/ ST/ PWD candidates.
  • After ensuring correctness of the particulars in the application form, candidates are required to pay the fees through payment gateway integrated with the application. No change/ edit in the application will be allowed thereafter.
  • Fee payment will have to be made online through payment gateway available thereat. The payment can be made by using Debit Card/ Credit Card/ Internet Banking etc. by providing information as asked on the screen. Transaction charges for online payment, if any, will be borne by the candidates.
  • On successful completion of the transaction, e-receipt and application form, bearing the date of submission by the candidate, will be generated which should be printed and retained by the candidate.
  • If the online payment of fee is not successfully completed in first instance, please make fresh attempts to make online payment.
  • A provision is there to reprint the e-Receipt and Application form containing fee details, at later stage.
  • Application Fee once paid will NOT be refunded on any account NOR can it be adjusted for any other examination or selection in future.

Read full Advertisement for RECRUITMENT FOR SPECIALIST CADRE OFFICERS before applying online at https://www.sbi.co.in/webfiles/uploads/files/careers/22052019_WEALTH%20MGT.pdf

Apply online for RECRUITMENT FOR SPECIALIST CADRE OFFICERS at https://recruitment.bank.sbi/crpd-sco-wealth-2019-20-06/apply

For more bank jobs keep browsing at https://jobzkeeda.com/category/banks/

Divyam Kumar

Written by 

Leave a Reply

Your email address will not be published. Required fields are marked *