SBI Invites Applications For Wealth Management Post

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State Bank of India (SBI), Central Recruitment & Promotion Department, is inviting application from the eligible candidates for the  posts of Officers for Wealth Management in Specialized positions viz. – Sales Head, Products, Investments & Research Head, Operations Head, Manager (Business Development), Manager (Business Process), etc.

 Vacancy Details:

POSITIONS IN SPECIALIST CADRE FOR WEALTH MANAGEMENT
1. OPERATIONS HEAD
No. of Vacancies: 01 Nos. (UR)
Educational Qualification: MBA/ PGDM from reputed College.
Experience: Minimum 15 Years of Experience in financial services, investment advisory and private banking out of which minimum 8 years of experience in setting up and Managing Mid Office, Back Office and Branch Operations of Wealth Management set up. Exposure on CRM platform for Wealth Management is preferred. Experience in handling trade and data for transactions across asset classes like equity, bonds, mutual funds and alternates. Should have managed a large operations team in Wealth Management business.
Age Limit: 35 yrs – 45 yrs as on 01.03.2017

2. SALES HEAD
No. of Vacancies: 01 Nos. (UR)
Educational Qualification: MBA/ PGDM from reputed Colleges.
Experience: i) Minimum 15 Years of relevant work experience in financial services, Investment advisory and Private banking; ii) Minimum Eight Years of Experience in Wealth Management; iii) Should have managed large Management Team; iv) Excellent Knowledge of Equity Products, PMS, Mutual Funds and Advisory; v) Should have Exposure to CRM; vi) Proven track record of High Performance and Leadership; vii) Should have relevant work experience at a national level with large Wealth Management organizations; viii) Should have managed a large team of relationship managers & Team Leads at a national level.
Age Limit: 40 yrs – 52 yrs as on 01.03.2017

3. PRODUCTS, INVESTMENTS & RESEARCH HEAD
No. of Vacancies: 01 Nos. (UR)
Educational Qualification: Graduation /Post Graduation from the reputed Colleges.
Knowledge and Experience in Market Analytics and Passion for Research in Economics trend and Products.
Experience: i) Minimum 15 Years of relevant work experience in financial services, Financial Product Development, Investment Advisory and Private Banking. ii) Minimum Eight Years of Experience in Wealth Management. iii) Excellent Knowledge of Equity Products, PMS, Mutual Funds and Advisory. iv) Experience in Product Development and Structuring for Private Wealth Clients. v) Experience in managing investment counselors/ advisors at a national level with leading banks/ financial institutions.
Age Limit: 40 yrs – 52 yrs as on 01.03.2017

4. MANAGER (BUSINESS DEVELOPMENT)
No. of Vacancies: 01 Nos. (UR)
Educational Qualification: MBA/ PGDM from reputed College/ University.
Experience: Minimum 5 years of experience in Bank/ Wealth Management firms/broking firms and Experience in business development in wealth management area.
Age Limit: 30 yrs – 40 yrs as on 01.03.2017

5. MANAGER (BUSINESS PROCESS)
No. of Vacancies: 01 Nos. (UR)
Educational Qualification: MBA/ PGDM from reputed College/ University.
Experience: Minimum 5 years of experience in Bank /Wealth Management firms / broking firms / Wealth management solution firms and Experience in business process management in wealth management area.
Age Limit: 30 yrs – 40 yrs as on 01.03.2017

6. CENTRAL RESEARCH TEAM
No. of Vacancies: 04 Nos. (UR-03; OBC-01)
Educational Qualification: MBA/ PGDM from reputed College/ University.
Experience: Minimum 5 Years of Experience in Fixed Income Research / MF Research / Equity and Derivative Research / Portfolio Analytics in Wealth Management Firm / Bank / AMC.
Age Limit: 30 yrs – 40 yrs as on 01.03.2017

7. ACQUISITION RELATIONSHIP MANAGERS
No. of Vacancies: 21 Nos. (UR-12; OBC-05; SC-03; ST-01)
Educational Qualification: Graduate from Government recognized University or Institution.
Experience: Minimum 2 years of experience in acquisition of High Net Worth clients (Clients having a minimum Total Relationship Value (TRV) of INR.20.00 lakh or more) in Wealth Management business with leading Public /Private / Foreign Banks / Broking / Securities firms and other financial institutions.
Age Limit: 22 yrs – 35 yrs as on 01.03.2017

8. RELATIONSHIP MANAGERS
No. of Vacancies: 120 Nos. (UR-61; OBC-32; SC-18; ST-09)
Educational Qualification: Graduate from Government recognized University or Institution.
Experience: 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 Clients (Clients having a minimum Total Relationship Value (TRV) of Rs.20.00 lakh.
Age Limit: 23 yrs – 35 yrs as on 01.03.2017

9. RELATIONSHIP MANAGER (TEAM LEAD)
No. of Vacancies: 15 Nos. (UR-08; OBC-04; SC-02; ST-01)
Educational Qualification: Graduate from Government recognized University or Institution.
Experience: Minimum 4 years of experience as a Relationship Manager in Wealth Management Experience as a Team Lead is preferred.
Age Limit: 25 yrs – 40 yrs as on 01.03.2017

10. INVESTMENT COUNSELLORS
No. of Vacancies: 25 Nos. (UR-15; OBC-06; SC-03; ST-01)
Educational Qualification: Graduate/Post Graduate with AMFI/ NISM (Module V) certified from Government recognized University or Institutions.
Candidates with CFP/ CFA/SEBI IA Certifications will be preferred.
Experience: Minimum 3 years of experience as an Investment advisor / counselor / part of Product Team in Wealth Management organization.
Following skills are preferred:
i) Good knowledge on investments and markets across asset classes.
ii) Experience in managing and advising client portfolios.
iii) Good knowledge on asset allocation and re-balancing techniques
iv) Superior presentation skills & other core competencies like leadership and team work.
Experience in products of fixed income, equity & alternate markets.
Age Limit: 23 yrs – 35 yrs as on 01.03.2017

11. CUSTOMER RELATIONSHIP EXECUTIVES
No. of Vacancies: 65 Nos. (UR-35; OBC-17; SC-09; ST-04)
Educational Qualification: Graduate from Government recognized University or Institution.
Desirable: Experience in documentation requirements of financial products and good communications skills would be desirable.
Age Limit: 20 yrs – 35 yrs as on 01.03.2017

Upper Age Relaxation: Upper age limit is relaxable by 05 years for SC/ST, 03 years for OBC and 10 years for PWD category. Ex-Serviceman & Others, if any — As per Govt. norms.

Candidates’ Selection: Selection will be through Preliminary and Main Examination. Candidates who will qualify in preliminary examination and shortlisted will have to appear for Main examination and shortlisted candidates in the main examination will subsequently be called for a Group Exercises & Interview.

Application Fee: Candidates must pay Rs.600/- (for ST/ PWD/ SC candidate is Rs.100/-) as Application Fee. Fee can be paid through online mode during submission of online application

How to Apply: Interested and eligible candidates may apply online only through the official website of State Bank of India — www.sbi.co.in) from dated 24.03.2017 to 10.04.2017

Important Dates:
Starting Date of Online Application: 24.03.2017
Closing Date of Online Application: 10.04.2017
Last Date of receipt of print-out along with enclosures: 13.04.2017

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