State Bank of India is inviting online applications for the recruitment of Specialist Cadre Officer in the Wealth Management Business Unit. SBI released an official document identified as CRPD/SCO-WEALTH/2020-21/3 to announce 64 vacancies in the aforementioned unit. Eligible candidates meeting the minimum eligibility conditions can apply online at sbi.co.in as per schedule. The online application process starts on June 23, 2020. The last date to apply online is July 13, 2020. Eligible applicants are selected for final appointment on the basis of shortlisting and one or multiple rounds of interview and negotiation.
The 64 vacancies advertised are bifurcated among the posts of fresh and backlog vacancies. Among fresh vacancies, are the posts of Head (Product Investment & Research)-01, Central Research Team (Portfolio Analysis & Data Analytics)-01, Central Research Team (Support)-01, Investment Officer-09 and Project Development Manager (Technology)-01. Backlog vacancies include Relationship Manager-48 and Relationship Manager (Team Lead)-03. Selected candidates are going to be posted at Mumbai location, except for the posts of Investment Officer and Relationship Managers who can be posted anywhere Pan India.
In order to apply for recruitment into a relevant post, candidates must first ensure that they comply with all the minimum eligibility conditions at first. The eligibility conditions in terms of the minimum and maximum age of candidates and educational qualifications are specified against each post in the detailed advertisement. In general, at the minimum, candidates need to have a graduate/post-graduate degree to apply for the posts. In addition, the required experience to apply for each post is also indicated in the detailed advertisement. Candidates are therefore advised to go to the SBI website i.e. sbi.co.in to download the detailed notification. It is available under the the “Careers” section in the “Current Openings” sub-menu.
Only online applications are accepted by the State Bank of India for recruitment into the aforementioned posts. In order to apply online, candidates have to register online at the SBI website at first. Candidates must pay an application fee of Rs 750 using one of the modes of payment available online. The application fee is exempted for candidates belonging to SC/ST/PWD categories. Once registered, candidates can proceed to fill up and submit the online application form on the website. Finally selected candidates are appointed on a contractual basis at the aforementioned posts on contractual basis.
Eligible candidates are shortlisted for the interview as per the parameters developed by the SBI at their own discretion. Thus, mere fulfillment of the minimum eligibility conditions is not a guarantee of selection. Shortlisted candidates are intimated about the interview process which will be conducted by the SBI as per schedule. The final merit list is prepared and released on the website. In case of a tie in the marks obtained in the final interview between two or more candidates, these candidates are ranked as per descending order of their age. Appointed candidates are entitled to draw annual CTC that is negotiable as per the experience and emoluments of the candidate in the last job role. The specified range of the CTC is indicated for each post in the detailed advertisement. For instance, the Head (Product Investment & Research) is entitled to an annual CTC of Rs 80 lacs to 99.62 lacs.
