SBI SO Recruitment 2019 – 579 Vacancies – Relationship Manager & Others

Dear Bankersdaily Aspirants,

SBI (State Bank of India) invites Online application 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.

The Total number of vacancies available for the SBI SO Recruitment 2019 is 579.

The Posts available for the SBI SO Recruitment 2019 is Head (Product, Investment and Research), Central Research Team (Fixed income Research Analyst), Relationship Manager, Relationship (e-Wealth), Relationship Manager (NRI), Relationship Manager (Team Lead), Customer Relationship Executive , Zonal Head Sales (Retail) (Eastern Zone) , Central Operation Team Support, Risk and Compliance Officer.

Important Dates – SBI SO Recruitment 2019

• Online Registration Starts: 23^rd May, 2019
• Online Registration Ends (Last Date of Payment) : 12^th June, 2019

Vacancies – SBI SO Recruitment 2019

Age Limit – SBI SO Recruitment 2019 

Age Relaxation – SBI SO Recruitment 2019

Selection Procedure – SBI SO Recruitment 2019

The Selection Procedure of the SBI SO Recruitment 2019 is consisting of the following rounds of the recruitment process.

1. Shortlisting
2. One or more rounds of Personal/Tele phone/ Video Interview & CTC Negotiation.

The selection will be based on shortlisting and interview. Mere fulfilling minimum qualification and experience will not vest any right in candidate for being called for interview. The Shortlisting Committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank will be shortlisted and called for interview. The decision of the bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard.

Merit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate score the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit.

Contract Period – SBI SO Recruitment 2019

The Contract Period for the SBI SO Recruitment 2019 is 5 Years which includes a probation period of one year and this is the same for all the posts.

Transfer Policy – SBI SO Recruitment 2019

The Bank reserves the right to transfer the services of such OEC (Officers Engaged on Contract) to any of the offices of State Bank of India in India or to depute to any its associates/subsidiaries or any other organization depending upon the exigencies of service. Requests for Posting/ Transfer to a specific place/ office many not be entertained.

Educational Qualification – SBI SO Recruitment 2019

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.

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.

Relationship Manager (RM) & Relationship Manager (e-Wealth) & Relationship Manager (NRI) & Relationship Manager – Team Lead & Customer Relationship Executive (CRE) &  & Zonal Head Sales (Retail) (Eastern Zone) & Central Operations Team (COT) Support

• Graduate from Government recognized University or Institution.

Risk & Compliance Officer:

• Graduate from Government recognized University or Institution. Professional Qualification in Risk/Compliance preferred.

Experience – SBI SO Recruitment 2019

1. Head (Product, Investment & Research)

• 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)

• 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 (RM)

• 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 (CRE)

• 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 Operations Team (COT) 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:

• Minimum 5 years of experience in Wealth Management business, out of which minimum 3 years’ experience in Risk & Compliance in Wealth Management.

Renumeration & CTC – SBI SO Recruitment 2019

The remuneration for the following posts are provided below.

Eligible for Performance Linked Pay and Annual Increment based on the performance rating measured as per Bank’s Policy (at Present Bandwidth for PLP 0% to 30% and Increment 0% to 12% which are subject to change.

Outstation candidates, who may be called for interview after short-listing will be reimbursed the cost of travelling for the shortest route in India OR the actual travel cost (whichever is lower) on the basis of actual journey. Local transportation will not be reimbursed. A candidate, if found ineligible for the post will not be permitted to appear for the interview and will not be reimbursed any fare.

• For Post Sr.No.1: Air Fare (Economy Class)
• For Post Sr.No.2 to 10: AC-III tier (Mail/Express only)

Application Fees – SBI SO Recruitment 2019

• General / EWS / OBC Candidates – Rs.750/-
• SC/ST/PWD Candidates – Rs.125/-

Aspirants can check the official notification regarding the SBI SO Recruitment 2019 – Wealth Management Positions from the below given link or from the official website of SBI. 

Official Notification – SBI SO Recruitment 2019 – 579 Vacancies 

Apply Link – SBI SO Recruitment 2019 – 579 Vacancies

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