Table of Contents
Introduction:
State Bank of India (SBI) is a public sector bank and financial services company in India. It is the largest commercial bank in India and one of the largest in the world. SBI is headquartered in Mumbai, Maharashtra.
Vacancies:
| POST | GRADE-SCALE | SC | ST | OBC | EWS | UR | TOTAL |
| Trade Finance Officer (MMGS-II) | Middle Management Grade – Scale II |
24 | 11 | 38 | 15 | 62 | 150 |
| PwBD* (Horizontal Vacancy) | |||||
| POST | GRADE-SCALE | VI | HI | LD | d&e |
| Trade Finance Officer (MMGS-II) | Middle Management Grade – Scale II | 1 | 1 | 2 | 2 |
Education Qualification:
(As on 31.12.2024):
Mandatory: Graduation (any discipline) from Government recognized University or Institution AND Certificate in Forex by IIBF (certificate date should be latest by 31.12.2024)
Preferred: Certificate for Documentary Credit Specialists (CDCS) certification will be preferred / Certificate in Trade Finance / Certificate in International Banking (certificate date should be latest by 31.12.2024)
Post Qualification Experience:
(As on 31.12.2024)
Mandatory: Min. 2 years’ experience (Post Essential Academic Qualification experience) in Trade Finance processing as an executive in supervisory role in any Scheduled Commercial Bank including Foreign Bank. (For list of Schedule Commercial Bank & Foreign Bank,
please refer to RBI website)
Job profile & key Responsibility:
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/FEDAI/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:
➢ 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.
Selection Process:
Shortlisting:
Shortlisting: Mere fulfilling the minimum qualification and experience will not vest any right to 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.
Interview:
Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regard.
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 score 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.
Application and Notification Link:
To Download the Notification >> Click Here.
To Apply for the Recruitment >> Click here
