SBI Recruitment 2019: 579 Specialist Officer Vacancies
State Bank of India has issued notifications for recruiting eligible candidates to the posts of Specialist Cadre Officers in SBI on contract basis for wealth management business unit. Please find detailed information regarding the vacancies below.
Important Dates
Commencement of online Registration: 23.05.2019
Last date for applying: 12.06.2019
About Vacancies
| S.No. | Post | Vacancies |
| 1 | Head (Product, Investment & Research) | 1 |
| 2 | Central Research Team (Fixed Income Research Analyst) | 1 |
| 3 | Relationship Manager | 486 |
| 4 | Relationship Manager (e-Wealth) | |
| 5 | Relationship Manager (NRI) | |
| 6 | Relationship Manager (Team Lead) | 20 |
| 7 | Customer Relationship Executive | 66 |
| 8 | Zonal Head Sales (Retail) (Eastern Zone) | 1 |
| 9 | Central Operation Team Support | 3 |
| 10 | Risk & Compliance Officer | 1 |
| Total | 579 |
How to Apply
Eligible candidates must ensure that they possess the necessary qualifications and fulfil all the required criteria before applying for the posts.
Candidates can apply for more than one post.
Interested candidates need to apply online by visiting the Official Website. No other mode of application submission would be accepted.
Candidates should keep the following ready before registering applications:
- Valid E-mail id
- Valid Mobile Number
- Scanned copy of latest passport size coloured photograph.
- Scanned signature in digital format
Details once submitted in the online application form will be final and any request for any change including change in correspondence address/email address/mobile number/category shall not be entertained. Candidates are, therefore, advised to carefully fill up their online application.
Read the Advertisement carefully to be sure about your eligibility.
Essential Qualification
| S.No. | Post | Educational Qualification as on 01.04.2019 | Post Qualification |
| 1 | Head (Product, Investment & Research) | • Graduation/Post Graduation from Government recognized University/Institution or Reputed Colleges. • Other preferred qualification: Knowledge and Experience in Market Analytics and Passion for Research in Economics trend and Products. | Essential Experience: Minimum 12 years of relevant work experience in financial services, financial product development, investment advisory and private banking. Minimum 8 years of experience in Wealth Management. (Total 12 years’ experience is inclusive of 8 years) Excellent knowledge of Equity Products, PMS, Alternate Investments, Mutual Funds. Experience in Product Development and Structuring for Private Wealth Clients. Experience in managing Investment Counsellors/Advisors at a National Level with Leading Banks/ Financial Institutions. |
| 2 | Central Research Team (Fixed Income Research Analyst) | MBA/PGDM from recognized college/University. Other Preferred qualification: CFA/CFP/CWM/Graduate or Post Graduate degree in Economics. | Minimum 5 years’ experience in Fixed Income Research in Wealth Management/AMC (Mutual Funds)/Banks. Preferred Experience: a) Minimum 10 years’ experience in Fixed income research/ research analytics. b) Excellent knowledge on local and global economic trends. c) Knowledge on Primary/ Secondary market, Fixed Income Markets. d) Experience in creating views about debt markets. e) Proficiency in using Excel/Modelling Techniques/ Bloomberg/ Reuters/ Morning Star/ CRISIL data bases |
| 3 | Relationship Manager | Graduate from Government recognized University or Institution. | Minimum 3 years’ experience as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/Security Firms. The candidate should have adequate experience in building and managing relationship with High Net Worth Clients (having a minimum Total Relationship Value (TRV) of Rs.20.00 lakh. |
| 4 | Relationship Manager (e-Wealth) | Minimum 3 years of experience as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/Security Firms, of which at least one year experience in managing relationship with HNI clients over telephone/video/digital channels. OR 3 years’ experience in sales/service of High Value financial products through digital medium (telephone/video or web). | |
| 5 | Relationship Manager (NRI) | Minimum 3 years of experience as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/Security Firms. The candidate should have adequate experience in building and managing relationship with High Net Worth NRI Clients. | |
| 6 | Relationship Manager (Team Lead) | Minimum 8 years of experience in relationship management in wealth management. Experience as a Team Lead is preferred. | |
| 7 | Customer Relationship Executive | Experience in documentation requirements of financial products and good communications skills would be desirable. Specific Skill required: Should have a valid driving licence for two-wheeler. | |
| 8 | Zonal Head Sales (Retail) (Eastern Zone) | Minimum 15 years of experience in managing sales in Wealth Management/Retail Banking/Investments in the financial services industry. Out of which minimum 5 years of experience in leading a large team of Relationship Managers and Team Lead in Wealth Management business | |
| 9 | Central Operation Team Support | Minimum 3 years of experience in Financial services, investment advisory, private banking or Wealth Management Solution Providers out of which minimum 2 years’ experience in Central Operations in Wealth Management Business Specific Skills required: Excellent knowledge of Equity Products, Structured Products, PMS and Mutual Funds | |
| 10 | Risk & Compliance Officer | Graduate from Government recognized University or Institution. Professional Qualification in Risk/Compliance preferred. | Minimum 5 years of experience in Wealth Management business, out of which minimum 3 years’ experience in Risk & Compliance in Wealth Management. |
Selection Procedure
Selection of candidates for all the posts would be made on the basis of the performance of the eligible candidates in the following:
- Shortlisting of candidates
- Interview
Age
| S.No. | Post | Min Age | Max Age |
| 1 | Head (Product, Investment & Research) | 35 | 50 |
| 2 | Central Research Team (Fixed Income Research Analyst) | 30 | 45 |
| 3 | Relationship Manager | 23 | 35 |
| 4 | Relationship Manager (e-Wealth) | 23 | 35 |
| 5 | Relationship Manager (NRI) | 23 | 35 |
| 6 | Relationship Manager (Team Lead) | 28 | 40 |
| 7 | Customer Relationship Executive | 20 | 35 |
| 8 | Zonal Head Sales (Retail) (Eastern Zone) | 35 | 50 |
| 9 | Central Operation Team Support | 30 | 40 |
| 10 | Risk & Compliance Officer | 25 | 40 |
Cut Off Date: 01.04.2019
Upper Age limit is relaxable by:
3 years for OBC (Non Creamy Layer).
5 years for SC/ST candidates.
Persons with Disabilities Candidates:
- By 10 years for General
- By 13 years for OBC (Non-Creamy Layer)
- By 15 years for SC/ST
Fee
General/OBC/EWS candidates: Rs 750
SC/ST/PwD candidates: Rs 125
The fee has to be paid online through credit card/debit card, Net Banking and other such modes available.
Other Information
Pay Scale
| S.No. | Post | CTC |
| 1 | Head (Product, Investment & Research) | ₹.80.00 lacs to ₹.99.62 lacs |
| 2 | Central Research Team (Fixed Income Research Analyst) | ₹.25.00 lacs to ₹.45.00 lacs |
| 3 | Relationship Manager | ₹.6.00 lacs to ₹.15.00 lacs
|
| 4 | Relationship Manager (e-Wealth) | |
| 5 | Relationship Manager (NRI) | |
| 6 | Relationship Manager (Team Lead) | ₹.10.00 lacs to ₹.28.00 lacs |
| 7 | Customer Relationship Executive | ₹.2.00 lacs to ₹.3.00 lacs |
| 8 | Zonal Head Sales (Retail) (Eastern Zone) | ₹.25.00 lacs to ₹.45.00 lacs |
| 9 | Central Operation Team Support | ₹.10.00 lacs to ₹.15.00 lacs |
| 10 | Risk & Compliance Officer | ₹.22.00 lacs to ₹.27.00 lacs |
Contract Period: 05 years