GOVT : State Bank of India(SBI) Recruitment 2023 For CA,ICWA,ACS,MBA/PGDM in Finance,Any Graduate

State Bank of India(SBI) Released Job Openings On 22/06/2023.State Bank of India is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. .Eligibility Criteria / Educational Qualification, Official Notification, Apply Online Form Link & Other Relevant Details for State Bank of India(SBI) s Recruitment 2023 are provided below. Interested and eligible candidates can  submit application along with resume. 

Vacancy Details:

State Bank of India(SBI) Recruiting CA,ICWA,ACS,MBA/PGDM in Finance,Any Graduate for Vice President (Stressed Assets Marketing) position.

Important Details :

• Location : Maharashtra
• No of Vacancies:01
• Details of Salary:NA
• Opening date for online Application: 22/06/2023
• Mode of application :Online

See Also :  GOVT: Reserve Bank of India(RBI) Recruitment 2023 For CA,CS,LLM,M.A,M.Com,B.Tech/B.E,LLB,Any Post Graduate,M.Sc,M.E/M.Tech,MCA,M.Phil/Ph.D 

Job Description/Skills Required

• Online Registration of Application & Payment of Fees: from 17.06.2023 to 10.07.2023
• State Bank of India invites Online application from Indian citizen for engagement to the following post.
• Candidates are requested to apply online through the link given on Banks website https://bank.sbi/careers
• 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. Candidates are required to upload all required documents (brief resume, ID proof, proof of age, education, experience etc.) failing which their candidature will not be considered for shortlisting / interview.
• 4. 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).
• 5. 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.
• 6. Candidates are advised to check Bank’s website https://bank.sbi/careers regularly for details and updates (including the list of shortlisted / qualified candidates). The Call letter / advice, where required, will be sent by e-mail only (No hard copy will be sent).
• 7. 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.
• 8. HARD COPY OF APPLICATION & OTHER DOCUMENTS ARE NOT TO BE SENT TO THIS OFFICE.
• 9. All revision / corrigenda (if any) will be hosted only on the Banks abovementioned website.
• Nature of Engagement : Contractual
• Equivalent Grade / Scale : TEGS-VI (Deputy General Manager rank)
• Age as on 01.03.2023: Minimum 40 years & Maximum 50 years#
• Contract Period : 3 Years
• Remuneration / CTC Range: Rs. 40.00 – Rs. 50.00 lakhs
• (CTC will be bifurcated into Fixed Pay and Variable Pay in 70:30 ratio)
• NOTE:
• 1. The number of vacancies including reserved vacancy mentioned above, are provisional and may vary according to the actual requirement of the Bank.
• 2. Maximum age indicated is for General category candidates. Relaxation in upper age limit will be available to reserved category candidates as per Government of India Guidelines.
• 3. In cases where experience in a specific field is required, the relevant experience certificate from employer must contain specifically that the candidate has experience in that specific field as required.
• 4. Reservation for Person with Disability (PwBD) is horizontal within the overall vacancies for the post.
• 5. PwBD candidate should produce a certificate issued by a competent authority as per the Govt of India guidelines.
• 6. Candidate belonging to reserved category for whom no reservation has been mentioned, are free to apply for vacancies announced for unreserved category provided, they fulfil all the eligibility criteria applicable to unreserved category.
• 7. Bank reserves the right to cancel the recruitment process entirely at any stage.
• DETAILS OF QUALIFICATION / EXPERIENCE /ROLES & RESPONSIBILITIES:
• Qualifications: Minimum:- Post Graduation (MBA-Marketing / Finance) / CA / ICWA / ACS / PGDM(Finance) or equivalent PG degree, the duration of course should be full 02 years.
• (Courses completed through Part time or correspondence courses will not be considered eligible)
• Experience (as on 01.03.2023) : Minimum :- 15 years of Post Qualification experience in any Asset Reconstruction Company / PE Funds / SASF etc. or having extensive experience in Recovery & Rehabilitation in any Commercial Bank. Preferred Experience :- 15 years of work experience in investment banking including M&As, Change of management, takeover, market of stressed assets. Out of this, a minimum 5 years experience in Corporate / SME Credit.
• Specific Skills Required: Exposure in Sales/ Marketing/ Showcasing of NPAs.
• Job Profile / Roles & Responsibilities / KRAs:
• i. Liaison with the investors / consultant firms for showcasing the distressed ASSETS.
• ii. Extensive marketing and scouting for investors for sale of NPAs.
• iii. Preparation of information sheet / IM with description of full details of assets available for sale.
• iv. Maintenance of list of Stressed Assets available across the vertical.
• v. Maintenance of relations with the branches / sector teams / SARG, Operations facilitation, timely disposal of available NPA accounts.
• vi. Negotiate with prospective investors / PE Funds / QIBs for sale of stressed assets in a manner to maximize the relations.
• KRAs:
• i. Adherence to the timelines and formats of submission of reports to RBI, top management etc.
• ii. Adherence to the timelines for circulation, review, and update of existing policies and support in framing new policies and obtaining approval.
• iii. Effectiveness in scrutiny of documentation involved in sale to ARCs in consultation with Treasury and Law Department.
• iv. Quality and effectiveness in following up with ARCs on progress in resolution and collation in respect of partial redemption in SRs.
• v. Quality of liaison with internal and external stakeholders e.g. SBI NPA Departments, SBI Law Department, ARCs etc.
• vi. Quality of studies initiated to formulate effective strategies for NPA reduction by securitization.
• vii.Timely review and empanelment of Legal advisors, Resolution advisors, Resolution Agents and Valuers under SAFAESI Act 2002.
• Any other work as entrusted by the Bank from time to time.
• REMUNERATION / CTC, CONTRACT PERIOD, TERMINATION OF CONTRACT, LEAVE :
• CTC Range : Rs. 40.00 Rs.50.00 lakhs
• (CTC will be bifurcated into Fixed Pay and Variable Pay in 70:30 ratio)
• Variable Pay will be payable (subject to deduction of I-Tax) subject to securing minimum qualifying 90% marks in the performance appraisal of the relevant period. (only for completed half year). Appraisals on half yearly intervals as on 31st March and 30th September, as per the detailed prescribed structure in place.
• Contract Period : 3 Years, thereafter renewable at the discretion of Bank for a further period of 1 year (total contract period upto 4 years). Terms of engagement may be terminated without assigning any reason, by giving three months notice by either side or equivalent compensation.
• Termination of Contract: The contract can be terminated without assigning any reason, by giving three months notice from either side or on payment / surrender of three months of compensation amount in lieu thereof.
• Leave: 30 days during a financial year (intervening Sundays / Holidays shall not be included.) Leaves not availed during a financial year, will be lapsed.
• SELECTION PROCESS:
• The selection will be based on shortlisting and interview. Thereafter, CTC negotiations will be held.
• Shortlisting: . 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 (subject to availability) 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.
• Interview: Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regardMerit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only, subject to candidate scoring minimum qualifying marks. 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.
• CALL LETTER FOR INTERVIEW: Intimation/ call letter for interview will be sent by email / will be uploaded on Bank’s website. NO HARD COPY WILL BE SENT.
• HOW TO APPLY: 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:
• i. 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.
• ii. 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 (Please refer para G-b-ii. and para G-c.-v. alongwith para G-e.-vi under How to Upload Documents).
• iii. 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, but only for three times. Please note that 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.
• iv. After registering online, the candidates are advised to take a printout of the system generated online application form.

Click here for Official notification