State Bank of India (SBI) has released a notification for the recruitment of Specialist Cadre Officers (SO) on a regular basis (Advertisement No: CRPD/ SCO/ 2024-25/ 05) for 150 Trade Finance Officer (MMGS-II) vacancies. The suggested place of posting is Hyderabad and Kolkata. However, the place of posting is indicative only, and the selected candidates may be posted anywhere in India at the sole discretion of the Bank. The online application process will start on 7th June 2024. Those interested should apply online before the last date on 27th June 2024. All information about SBI SO Trade Finance Officer Recruitment 2024 is explained in detail below. So, read and apply to get your dream bank job.
Table of Contents:-
SBI SO Trade Finance Officer Recruitment 2024: Overview
Here’s a quick-reference table summarizing the key details of the recruitment process for Trade Finance Officers. It’s designed to help you easily find the essential information you need.
Overview |
|
|---|---|
| Organization | State Bank of India (SBI) |
| Exam Name | SBI SO Trade Finance Officer Recruitment 2024 |
| Post Name | Trade Finance Officer |
| Advt No | CRPD/SCO/2024-25/05 |
| Vacancies | 150 |
| Qualification | Click Here |
| Category | Bank Job |
| Job Location | Hyderabad, Kolkata |
| Application Mode | Online |
| Notification Date | 07-06-2024 |
| Apply Online Start Date | 07-06-2024 |
| Apply Online Last Date | 27-06-2024 |
| Selection Process | Shortlisting, Interview |
| Mode of Exam | No Exam |
| Apply Link | Click Here |
| Notification (PDF) | Click Here |
| Official Website | Click Here |
Educational Qualifications
Candidates applying for Trade Finance Officer positions should meet certain educational qualifications and have relevant experience. Specific educational backgrounds, skills, and post-qualification experience requirements are listed below, effective as of December 31, 2023.
Age Limit
Applicants for Trade Finance Officer positions need to meet the required age criteria to ensure eligibility. Candidates should be between 23 and 32 years of age as of December 31, 2023. Reserved category candidates are eligible for age relaxation as per Government of India rules.
| Age Limit (as of 31-12-2023) |
Min | Max |
|---|---|---|
| 23 Years | 32 Years |
Application Fee
Applicants for the Trade Finance Officer positions must pay a processing fee of Rs. 750 for General, EWS, and OBC categories, while SC, ST, and PwBD candidates are exempt from this fee. Payments must be made online, as no other methods are accepted.
| Category | Application Fee |
|---|---|
| General/ EWS/ OBC | Rs. 750/- |
| SC/ ST/ PwBD | Nil |
Selection Process
The selection will be based on shortlisting and an interview.
- Shortlisting: Fulfilling the minimum qualifications and experience does not guarantee an interview call. The bank’s shortlisting committee will determine the parameters, and an adequate number of candidates will be shortlisted. The bank’s decision on calling candidates for the interview will be final.
- Interview: The interview will carry 100 marks, with qualifying marks decided by the bank. No correspondence will be entertained regarding the interview process.
- Merit List: The merit list for selection will be prepared in descending order based on the interview scores. In case of a tie in scores, candidates will be ranked by age in descending order.
Vacancy Details
State Bank of India (SBI) has announced a recruitment notification for Specialist Cadre Officers (SO) on a regular basis (Advertisement No: CRPD/SCO/2024-25/05) for 150 Trade Finance Officer (MMGS-II) positions. Reviewing these vacancy details provides insights into the number of positions available across different categories and locations. This information helps in making informed decisions about which positions to apply for. The vacancies have been updated in the table below.
| Post Name | Scale | Posts |
|---|---|---|
| Trade Finance Officer | Middle Management Grade – Scale II | 150 |
Salary Details
Reviewing the salary details for the Trade Finance Officer role at SBI offers a clear understanding of the pay structure and benefits. The following table provides a breakdown of the compensation for this position.
| Post Name | Scale |
|---|---|
| Trade Finance Officer | 48170-1740/1-49910-1990/10-69810 |
Note:
- The pay scale is due for revision and the same will be applicable from the date of joining
- The official will be eligible for DA, HRA, CCA, Provident Fund, Contributory Pension Fund i.e. NPS, Leave Fare Concession (LFC), Medical Facility, other perquisites etc. as per rules in force from time to time.
Job Profile & Key Responsibility Areas
Job Profile:
- Trade Finance Document Scrutiny: Scrutiny of all trade finance related documents (Letters of Credit / Collections / Bank Guarantees etc.) for compliance in terms of Bank/RBI/ICC/FEDA/any other regulatory guideline. Support/Guide junior staff at CPC, front office at branch, and customers, where required, appropriately.
- Processing of Trade Finance and Forex transactions: Processing of Trade Finance and Forex transactions at a centralized location on behalf of all the branches. Ensure accurate processing of transactions within the benchmarked Turnaround Time (TAT).
- Reconciliation of Trade Finance and Forex related entries in Bank’s Trade Finance, Forex and CBS systems and IDPMS/EDPMS.
- Any other tasks related to Bank’s Trade Finance and International Business back-office operations.
Key Responsibility Areas:
- Accurate, and efficient processing of all allotted Trade Finance and / or Forex transactions/processes within the benchmarked TAT.
- Tracking, and ensuring periodic activities including maturities, payments, prompt follow-up, customer reconciliation, etc.
- Timely reconciliation of related accounts/systems as per Bank’s norms.
- Work closely with all stakeholders to maintain agreed customer TAT.
- Ensure adherence to all regulatory/bank/ICC/FEDAI guidelines.
- Participation in RCSA, BCOR, process review and training activities by providing relevant inputs for enhancements thereto.
- Any other activity as directed by Team Leaders and Department/Branch Heads based on exigencies/requirements.
- Timely submission/compliance of All Audit Reports.
Role & Responsibility:
- Ensure Adherence to TAT as per approved benchmark.
- Co-ordinate and Guide the Linked Branches to ensure quality and completeness of Branch Document upload in Trade Finance Solution.
- Prompt Resolution of Branch Escalations and support linked branches to enhance customer experience through quality of operations.
- Participate in Periodic testing of BCP/DRP.
Key Interactions:
- Chief Manager/Team Leader (Inland Trade Finance / Imports / Exports / Other Forex) for guidance to enhance efficiency of operations.
- Linked Branches to ensure quality of Branch sourcing/ Documentation
- RFI A/Concurrent Auditors/Statutory Auditor/FEMA
- Vendors – Trade Finance Solution /Outsourced Staff (Data Entry/Branch Support)
Steps to Apply
To make sure your application process for SBI’s SO 2024 recruitment is straightforward and accurate, follow this step-by-step guide. Candidates should keep an active email ID and mobile number throughout the recruitment cycle, as these will be used for updates, including call letters and interview notices via email or SMS.
Guidelines for Filling Online Application
- Candidates must register online through the link available on the SBI website.
- Candidates should first scan their latest photograph and signature. The online application will not be registered unless the candidate uploads their photo and signature.
- Candidates should fill the application carefully. If unable to complete it in one go, they can save the entered information. Upon saving, a provisional registration number and password will be generated and displayed on the screen. Candidates should note these down for future use. They can reopen the saved application using the registration number and password to edit particulars, if needed. This editing facility is available up to three times only. Once the application is filled completely, candidates should submit it and proceed to the online payment of the fee.
- After registering online, candidates are advised to print the system-generated online application form.
Guidelines for Payment of Fees
- Application fees and intimation charges (non-refundable) are Rs. 750/- for General/EWS/OBC candidates. SC/ST/PwBD candidates are exempt from fees.
- After ensuring the correctness of particulars in the application form, candidates should pay the fees through the integrated payment gateway. No changes to the application will be allowed thereafter.
- Fee payment must be made online via Debit Card, Credit Card, or Internet Banking. Transaction charges for online payments, if any, will be borne by the candidates.
- On successful completion of the transaction, an e-receipt and application form bearing the date of submission will be generated. Candidates should print and retain these documents.
- If the online fee payment fails, candidates should make fresh attempts to complete the payment.
- There is a provision to reprint the e-receipt and application form containing fee details at a later stage.
- Application fees, once paid, will not be refunded nor adjusted for any other examination or selection in the future.
By following the steps outlined above, candidates can successfully complete their application process for the SBI SO Trade Finance Officer Recruitment 2024.
