SBI Specialist Cadre Recruitment: 579 Vacancies in Wealth Management Business

The recruitment would be on contractual basis across India.

Last Date of online Application: 12 June 2019.

State Bank of India invites application from eligible candidates for the posts of Specialist Cadre Officers for its Wealth Management Business unit. The candidates have to apply online along with required documents stated for the purpose.

Vacancy Details

Sl. No.PostTotal VacancyAnnual CTC (in Rs. And in Lacs)Place of Posting
1.Head (Product, Investment & Research)180.00-99.62 LacsMumbai
2.Central Research Team (Fixed Income Research Analyst)125.00-45.00 LacsMumbai
3.Relationship Manager4866.00-15.00 LacsPan India
4.Relationship Manager (e-Wealth)
5.Relationship Manager (NRI)Kochi
6.Relationship Manager (Team Lead)2010.00-28.00 LacsPan India
7.Customer Relationship Executive662.00-3.00 Lacs
8.Zonal Head Sales (Retail) (Eastern Zone)125.00-45.00 LacsKolkata
9.Central Operation Team Support310.00-15.00 LacsMumbai
10.Risk & Compliance Officer122.00-27.00 LacsMumbai
 Total579  

The Candidates would be recruited on a contractual basis of five years including a probation period of 5 years.

Eligibility Criteria

Educational Qualification and Age Limit

Sl. No.PostEducational QualificationAge Limit
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
35-50
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
30-45
3.Relationship ManagerGraduate from Government recognized University or Institution23-25
4.Relationship Manager (e-Wealth)
5.Relationship Manager (NRI)
6.Relationship Manager (Team Lead)28-40
7.Customer Relationship Executive20-35
8.Zonal Head Sales (Retail) (Eastern Zone)35-50
9.Central Operation Team Support30-40
10.Risk & Compliance OfficerGraduate from Government recognized University or Institution. Professional Qualification in Risk/Compliance preferred.25-40

Post Qualification Experience

Sl. No.PostPost qualification work experience (As on 01/04/2019)
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.
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 of 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 databases.
3.Relationship ManagerMinimum 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 the 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 the relationship with HNI clients over telephone/video/digital channels.
OR
3 years’ experience in sales/service of High-Value financial products through the 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 a 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 ExecutiveExperience 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 SupportMinimum 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 OfficerMinimum 5 years of experience in Wealth Management business, out of which minimum of 3 years’ experience in Risk & Compliance in Wealth Management.

Selection Process

The candidates will be selected for the posts only after short-listing and one or more rounds of Personal/Telephone/ Video Interview & CTC Negotiation.

Application Process

The aspiring Candidates have to apply online through the Bank’s websites (link given below) on or before 12 June 2019.

Candidates are required to upload all required documents (brief resume, ID proof, age proof, educational qualification, experience, etc.) failing which their candidature will not be considered for shortlisting/ interview.

An Application fee and Intimation Charges (Non-refundable) is Rs. 750/- (Seven Hundred Fifty only) for General/EWS/OBC candidates and Rs. 125/- (One hundred Twenty-Five only) for SC/ ST/ PWD candidates are to be paid online while submitting the application online.

Application Details

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