The SBI Specialist Officer, is currently seeking applications from eligible candidates for the position of Central Research Team (Product Lead),Central Research Team (Support), Project Development Manager (Technology) & others post.Read this article for complete information.
SBI SO Recruitment Notification 2024
SBI Specialist Officer Notification 2024: SBI Specialist Officer has released an official notification for positions of Central Research Team (Product Lead), Central Research Team (Support), Project Development Manager (Technology) & others post. According to the official notification of SBI Specialist Officer , there are only 1040 vacancies available.
State Bank of India (SBI) has released notification for 1040 Specialist Cadre Officers (SO) on 18 July 2024. The posts include VP Wealth, Investment Specialist, Investment Officer, Relationship Manager – Team Lead, Central Research Team (Product Lead & Support), Project Development Manager (Technology & Business) and Regional Head. The online application process will run from 19 July 2024 to 8 August 2024. Applications can be submitted on SBI website www.sbi.co.in.
SBI Specialist Officer Recruitment 2024: Key Highlights
| Organization | State Bank of India |
| Advertisement No: | CRPD/SCO/2024-25/09 |
| Post Name | Central Research Team (Product Lead), Central Research Team (Support), Project Development Manager (Technology) & other posts |
| Posts | 1040 Posts |
| Category | India Career |
| Salary | Rs. 20.50 lakh per annum to Rs. 66.5 lakh per annum |
| Application Process | Online |
| Start Date | 19th July, 2024 |
| Last Date | 08th August, 2024 |
| Official Website | https://sbi.co.in/ |
SBI SO Recruitment 2024 : Notification Update
SBI SO Notification 2024 PDF has been released by State Bank of India (against Advertisement No. CRPD/SCO/2024-25/09) on 18th July 2024 for the vacancies of Specialist Cadre in various departments. Candidates willing to apply for SBI SO 2024 exam can read the SBI SO official notification by clicking on the link given below:
SBI SO Recruitment Vacancy 2024
State Bank of India (SBI) has released recruitment for 1040 Specialist Cadre posts, out of which 833 are regular posts and 207 are backlog posts. The SO posts to be filled this year are VP Wealth, Investment Specialist, Investment Officer, Relationship Manager – Team Lead, Central Research Team (Product Lead & Support), Project Development Manager (Technology & Business) and Regional Head. Check the table below for post-wise and category-wise distribution of vacancies released by SBI.
SBI Recruitment 2024: Vacancy Details
A total of 1040 vacancies are notified under the SBI Specialist Officer Recruitment.
SBI Specialist Officer Recruitment 2024 : Eligibility Criteria
SBI Specialist Officer Vacancy : Education Qualification
1. SBI SO eligibility 2024 : Central Research Team (Product Lead)
MBA/PGDM/PGDBM from Government recognized University or Institution or CA/CFA
Preferred Qualification :
NISM Investment Advisor/Research Analyst Certificate/CFP/NISM 21A or 218
Experience :
- Post Qualification Experience of Minimum 5 years in Equity Research/Products experience in Wealth Management/AMC (Mutual Fund)/Banks
- Minimum 8 years’ experience in Equity/Fixed Income Research/MF Research Analytics
- Excellent Knowledge on local and global economic trends
- Excellent Knowledge on local Primary/Secondary Equity Markets/Fixed Income and on PMS/AIF/MF/ Structured Products schemes in India.
- Experience in creating views and research-based publication on capital Market/sector trends.
- Proficiency in using Excel/Modeling techniques/Bloomberg/Reuters Moming Star / CRISIL data bases.
- Flair for equity, understanding of all exchange traded products including bonds, INVIT, MLDS, REITs, Section 54 EC Bonds.
2. SBI Specialist Officer Jobs: Central Research Team (Support)
- Graduate/Post-Graduate in Commerce/Finance/Economics/Management/Mathematics/Statistics from Government recognized University or Institution.
- Post Qualification Experience of Minimum 3 years in financial services providing support to Research/ Publications department.
Preferred :
- Candidate should be proficient in Microsoft Excel, Power point, Word, Outlook.
- Candidate should have inclination to undertake research by reading various reports or websites
- Candidate should be able to support Research team by aggregating and providing support for analysing data through various research tools/software like BLOOMBERG, REUTERS, CRISIL, ICRA etc
3. SBI SO Career: Project Development Manager (Technology)
- MBA/MMS/PGDM/ME/M.Tech./BE/B.Tech./PGDBM from Government recognized University or Institution.
- Minimum 4 years’ post qualification experience in banking Technology preferably in a business function.
4. SBI Recruitment 2024 : Project Development Manager (Business)
- MBA/PGDM/PGDBM from Government recognized University or Institution
- Post Qualification Experience of Minimum 5 years in Bank/wealth Management firms/broking firms.
Preferred :
Experience in Supervisory function in Business Process Management in Wealth Management area.
5. SBI Specialist Officer : Relationship Manager
- Graduate from Government recognized University or Institution
- Post-qualification experience of minimum 3 years as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/ Security firms. The candidate should have 3 years of experience in building and managing relationship with High-Net-worth Clients (having a minimum Total. Relationship Value (TRV) of Rs 20.00 Lakh)
6. SBI Specialist Officer Career Options :VP Wealth
- Graduate from Government recognized University or Irestitution.
- Post Qualification Experience of minimum 6 years 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 Ultra High Net Worth Clients (having a minimum Total Relationship Value (TRV) of Rs 100.00 Lakh).
Preferred:
MBA (Banking/Finance/Marketing) with 60% from recognized University or Institution
7. Bank Job Vacancies 2024 : Relationship Manager – Team Lead
- Graduate from Government recognized University or Institution
- Post qualification experience of minimum 8 years in relationship management in wealth management with leading Public/Private/Foreign banks/Broking/Security firms.
Preferred:
Experience as a Team Lead is preferred.
8. SBI Specialist Officer Career: Regional Head
- Graduate from Government recognized University or Institution.
- Post Qualification Experience of Minimum 12 years of experience in relationship management in wealth management with leading Public/Private/Foreign Banks/Broking/Security firms.
- Post Qualification minimum 5 years of experience in leading a large team of Relationship Managers or a Team Lead in Wealth Management is mandatory.
9. SBI SO India Recruitment 2024 : Investment Specialist
- MBA/PGDM/PGDBM from recognized College/University or CA/CFA
- Certification by NISM 21A (Valid)
Preferred:
CA/CFP/NISM Investment Advisor/Research Analyst Certificate.
10. Bank Recruitment 2024 : Investment Officer
- MBA/PGDM/PGDBM from moognized College/University or CA/CFA
- Certification by NISM 21A
- Minimum 4 years of post-qualification experience as an investment advisor/ counsellor/ officer/part of product team in Wealth Management organization
Preferred:
CA/CFP/NISM Investment Advisor/ Research Analyst Certificate.
SBI Specialist Cadre Officers Recruitment 2024 : Vacancy Required Skills and Job profile
Central Research Team (Product Lead) : Skills
- Nil
Job profile :
- The Official would work closely with Head (Product, Investment & Research) and would be responsible for running program of wealth products and liaise with Market data Aggregators and Research providers.
- The Official will be responsible to prepare product notes, market updates, investment outlook and evaluate latest product offering in addition handling all queries related to products.
- He will also require to prepare notes related to products
Central Research Team (Support): Skills
- Candidate should be proficient in Microsoft Excel, Power point, Word, Outlook.
- Candidate should have inclination to undertake research by reading various reports or websites.
- Candidate should be able to support Research team by aggregating and providing support for analysing data through various research tools/software like BLOOMBERG, REUTERS, CRISIL, ICRA etc.
Job profile : State Bank of India Careers
Role will include creating and updating excel worksheets related to: Macro Economy, Stock & Sector research. Fixed Income research, creating portfolio review templates etc.
Project Development Manager (Technology) : Skills
- Nil
Job profile :
- Managing relationships with the technology partners.
- Understanding and communicating business requirements to the IT team and technology partners.
- Working closely with the banks’ IT teams to ensure timely completion of developments.
- Co-ordinating with various Bank IT teams and business teams for new developments, integrations or bug fixes in existing Bank platforms.
- Creating and documenting operating manuals for technology interfaces at user level.
Project Development Manager (Business) : Skills
- Nil
Job profile
- Managing Relationships with various Business Partners Exploring and entering into new Business partnerships for existing as well as new Business streams
- Working closely with the Business Heads on strategy formulation and reporting to top Management.
- Co-ordinating with the Business Operation Team and Cirde teams during rollout
- Creating and documenting standard operating processes to be followed for existing and new Business lines
Relationship Manager : Skills
- Nil
Job profile
- Acquiring, nurturing growing and strengthening relationship within the Affluent and HNI segment of Clients in order to meet business objectives
- Selling a range of Investment and Insurance products to these Clients in order to meet their financial planning objectives and thus attaining the revenue objectives of the Wealth Management business
- Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of Clients as per the business objectives
VP Wealth : Skills
- Nil
Job profile
- Acquiring, nurturing growing and strengthening relationship within the Affluent and UHNI/HNI segment of Clients in order to meet business objectives
- Cross Selling a range of Investment, Insurance products and other Asset Classes to these Clients in order to meet their financial planning objectives and thus attaining the revenue objectives of the Wealth Management business
- Focusing on increasing the Total Relationship Value (TRV), Assets Under Management (AUM), Investment AUM & Increase in Product per Clients as per the business objectives
Relationship Manager-Team Lead : Skills
- Nil
Job profile
- Managing a team of Relationship Mangers for the Wealth Management Business
- Acquiring, nurturing growing and strengthening relationship within the Affluent and HNI segment of Clients in order to meet business objectives
- Selling a range of Investment and Insurance products to these Clients in order to meet their financial planning
- objectives and thus attaining the revenue objectives of the Wealth Management business
- Focusing on increasing the Total Relationship Value (TRV) and Assets Under Management (AUM) of Clients as per the business objectives
Regional Head : Skills
- Nil
Job prafile
- Managing a team of Relationship Managers & RM (Team Lead)s & Investment Officers for the Wealth Management Business of the allotted Circle(s)
- Achieving the target of the team to Acquire, nurturing growing and strengthening relationship within the Affluent and UHNI/HNI segment of Clients in order to meet business objectives.
- Cross Seiling a range of Investment, Insurance products and other Asset Classes to these clients in order to meet their financial planning objectives and thus attaining the revenue objectives of the Wealth Management business of the allotted Circle(s)
- Focusing on increasing the Total Relationship Value (TRV), Assets Under Management (AUM), Investment AUM & Increase in Product per Clients as per the business objectives
Investment Specialist : Skills
- Good knowledge of investments and markets across asset dasses.
- Experience in managing and advising client portfolins.
- Good knowledge of asset allocation and re-balancing techniques.
- Superior presentation skills & other core competencies like leadership and teamwork.
- Experience in products of fixed income, equity and allemate markets.
Job profile
- Guiding clients on range of financial services products.
- Wide ranging experience across categories such as: MF, FI, Structured Products, Discretionary Portfolios and other Altemate Products.
- Strong focus on due diligence, quantitative technique and asset allocation
Investment Officer : Skills
- Good knowledge of investments and markets across asset classes.
- Experience in managing and advising client portfolios
- Good knowledge of asset allocation and re-balancing techniques.
- Superior presentation skills & other core competencies like leadership and teamwork
- Experience in products of fixed income, equity and altemate markets.
Job profile
- Guiding clients on range of financial services products
- Wide ranging experience across categories such as: MF, FI, Structured Products, Discretionary Portfolios and other Altemate Products.
- Strong focus on due diligence, quantitative technique and asset allocation
SBI SO Recruitment 2024 : Age Limit
Candidates applying for SBI SCO posts must have the required age limit to apply for SBI SO 2024. The post-wise minimum and maximum age is tabulated below.
| Post Name | Age as on 01/04/2024 (Years) | |
| Central Research Team (Product Lead) | Minimum 30 | Maximum 45 |
| Central Research Team (Support | Minimum 25 | Maximum 35 |
| Project Development Manager (Technology) | Minimum 25 | Maximum 40 |
| Project Development Manager (Business) | Minimum 30 | Maximum 40 |
| Relationship Manager | Minimum 23 | Maximum 35 |
| VP Wealth | Minimum 26 | Maximum 42 |
| Relationship Manager-Team Lead | Minimum 28 | Maximum 42 |
| Regional Head | Minimum 35 | Maximum 50 |
| Investment Specialist | Minimum 28 | Maximum 42 |
| Investment Officer | Minimum 28 | Maximum 40 |
SBI Specialist Cadre Officers Recruitment 2024: Remuneration
Candidates appointed to the SO post will be paid a monthly salary as mentioned in the notification PDF. The salary structure varies according to the job profile and responsibility of Specialist Cadre Officer posts.
| Post Name | CTC Upper Range^(Rs In Lakhs) | Variable Pay/PLP** |
| Central Research Team (Product Lead) | 61.00 | 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 35% and Increment 0% to 25%) |
| Central Research Team (Support | 20.50 | |
| Project Development Manager (Technology) | 30.00 | |
| Project Development Manager (Business) | 30.00 | |
| Relationship Manager | 30.00 | 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 45% and Increment 0% to 25%) |
| VP Wealth | 45.00 | |
| Relationship Manager-Team Lead | 52.00 | |
| Regional Head | 66.50 | |
| Investment Specialist | 44.00 | |
| Investment Officer | 26.50 |
Annual CTC is negotiable and will depend upon experience & current emoluments of candidates in the present employment & place of posting.
**Annual CTC upper range for fixed + Variable Pay/PLP based on Performance Rating + Other Perks
SBI Specialist Cadre Officers Recruitment 2024: Contract Period
| Post Name | Contract Period |
| Central Research Team (Product Lead) | 5 Years(First year will be Probation period) |
| Central Research Team (Support | |
| Project Development Manager (Technology) | |
| Project Development Manager (Business) | |
| Relationship Manager | |
| VP Wealth | |
| Relationship Manager-Team Lead | |
| Regional Head | |
| Investment Specialist | |
| Investment Officer |
SBI SO Careers 2024 : Selection Process
The selection will be based on shortlisting and interview-cum-CTC negotiations.
- 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 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. The shortlisted candidates will be called for interview.
- Interview-cum-CTC Negotiation: Interview will carry 100 marks. The qualllying marks in interview will be decided by the Bank.. No correspondence will be entertained in this regard. CTC Negotiation will be done one-by-one at the time of Interview, with the candidates
- 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 scores 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 list.
SBI SO Vacancy 2024 Application Fee : Bank Vacancy 2024
The application fee for SBI SO 2024 application form is given below, which has to be paid through online mode only. General, EWS, OBC category candidates have to pay Rs 750/- and SC/ST/PWD candidates are exempted from paying the application fee.
| Category | Fee |
| General, EWS, OBC | Rs 750/- |
| SC/ ST/ PWD | Nil |
Application Fee once paid will NOT be refunded on any account NOR can it be adjusted for any other examination or selection in future
How to Apply for SBI SO Career 2024
Candidates should have valid email ID which should be kept active til the declaration of result. It will help him/her in getting call letter/Interview advice etc. by email.
- Visit SBI website and Register online.
- Fill the application form carefully. If you need a break, save your work and get the registration number and password.
- Scan and upload your latest photograph and signature as instructed.
- You can edit your saved application up to three times using your registration Id number and password
- Now, Pay the fee using internet banking, debit card, or credit card.
- At the end, Submit it and pay the fee online
- Take a print out of your complete application form for future reference.
Important Dates of SBI SO Recruitment 2024
| Start Date | 19th July, 2024 |
| Last Date | 08th August, 2024 |
Important Links of SBI Specialist Officer Vacancy 2024
| Apply Link | Click Here |
| Download Official Notification | Click Here |
| Visit Official Website | Click Here |
| Join Our Whatsapp Group | Click Here |
State Bank of India Specialist Cadre Officers Recruitment 2024: General Information
- Before applying for the post, the applicant should ensure that he/ she fulfils the eligibility and other norms mentioned above for that post as on the specified date and that the particulars furnished by him/her are correct in all respects.
- Candidates belonging to reserved category including, for whom no reservation has been mentioned, are free to apply for vacancies announced for General category provided they must fulfil all the eligibility conditions applicable to General category.
- IN CASE IT IS DETECTED AT ANY STAGE OF RECRUITMENT THAT AN APPLICANT DOES NOT FULFIL THE ELIGIBILITY NORMS AND/OR THAT HE/SHE HAS FURNISHED ANY INCORRECT/ FALSE INFORMATION OR HAS SUPPRESSED ANY MATERIAL FACT(S), HIS/HER CANDIDATURE WILL STAND CANCELLED. IF ANY OF THESE SHORTCOMINGS IS/ ARE DETECTED EVEN AFTER ENGAGEMENT, HIS/ HER CONTRACTS ARE LIABLE TO BE TERMINATED.
- The applicant should ensure that the application is strictly in accordance with the prescribed format and is properly filled.
- Engagement of selected candidate is subject to his/her being declared medically fit as per the requirement of the Bank. Such engagement will also be subject to the service and conduct rules of the Bank for such post in the Bank, in force at the time of joining the Bank.
- Candidates are advised to keep their e-mail ID active for receiving communication viz. call letters/ Interview date advices etc.
- The Bank takes no responsibility for any delay in receipt or loss of any communication.
- Candidates serving in Govt./ Quasi Govt. offices, Public Sector undertakings including Nationalized Banks and Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.
- In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the engagement.
- Candidates are advised in their own interest to apply online well before the closing date and not to wait till the last date to avoid the possibility of disconnection / inability/failure to log on to the website on account of heavy load on internet or website jam. SBI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of aforesaid reasons or for any other reason beyond the control of SBI
- DECISION OF BANK IN ALL MATTERS REGARDING ELIGIBILITY, CONDUCT OF INTERVIEW, OTHER TESTS AND SELECTION WOULD BE FINAL AND BINDING ON ALL CANDIDATES. NO REPRESENTATION OR CORRESPONDENCE ENTERTAINED BY THE BANK IN THIS REGARD. WILL BE
- The applicant shall be liable for civil/ criminal consequences in case the information submitted in his/her application are found to be false at a later stage.
- Merely satisfying the eligibility norms does not entitle a candidate to be called for interview. Bank reserves the right to call only the requisite number of candidates for the interview after preliminary screening/ short-listing with reference to candidate’s qualification, suitability, experience etc.
- In case of multiple application, only the last valid (completed) application will be retained, the application fee/ intimation charge paid for other registration will stand forfeited.
- Any legal proceedings in respect of any matter of claim or dispute arising out of this advertisement and/ or an application in response thereto can be instituted only in Mumbai and Courts/ Tribunals/ Forums at Mumbai only shall have sole and exclusive jurisdiction to try any cause/ dispute.
About State Bank of India (SBI)
State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations.
We are the largest banking and financial services organization in India, with an asset base of over Rs. 61 trillion. We serve over 50 crore customers through our vast network of over 22,500 branches, 63,580 ATMs/ADWMs, 82,900 BC outlets, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank – Service, Transparency, Ethics, Politeness and Sustainability.
The Bank has successfully diversified businesses through its various subsidiaries i.e SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. It has spread its presence globally and operates across time zones through 241 offices in 29 foreign countries.
FAQs of SBI Specialist Officer Recruitment 2024
Q: What is the Start Date to apply for SBI Specialist Officer Recruitment 2024?
The Start Date for SBI Specialist Officer Recruitment 2024 is 19th July.
Q: When is the Last Date to apply for SBI Specialist Officer Recruitment 2024?
The Last Date to apply for SBI Specialist Officer Recruitment 2024 is 08th August.
Q: How can I apply for SBI Specialist Officer Recruitment 2024?
The application process of SBI Specialist Officer Recruitment 2024 is already mentioned in the above article.
Q: What is the official website of SBI Specialist Officer 2024?
The official website of SBI Specialist Officer Recruitment 2024 is already mentioned in the above article.