The State Bank of India (SBI) is seeking skilled professionals to join its Specialist Cadre Officer team as Trade Finance Officers (MMGS II). This role offers dynamic responsibilities, including trade finance document scrutiny, transaction processing, and ensuring regulatory compliance. The suggested postings are in Hyderabad and Kolkata, with the flexibility to work across India.
This position is ideal for individuals with a background in banking, supervisory experience, and expertise in trade finance.
Job Title
Trade Finance Officer (Specialist Cadre Officer – MMGS II)
Job Positions Available
SBI is offering 150 vacancies for this position, distributed across various categories as follows:
| Category | Vacancies |
|---|---|
| Scheduled Caste (SC) | 24 |
| Scheduled Tribe (ST) | 11 |
| Other Backward Class (OBC) | 38 |
| Economically Weaker Section (EWS) | 15 |
| Unreserved (UR) | 62 |
| Total | 150 |
Note: Reservations for Persons with Benchmark Disabilities (PwBD) are as per Government of India guidelines.
Employer Name and Overview
State Bank of India (SBI)
As India’s largest public sector bank, SBI leads the financial sector with its innovative solutions and commitment to excellence. Recognized as the “Best Bank in India 2024” by Global Finance, SBI provides unparalleled career opportunities for professionals to grow and make a meaningful impact.
Joining SBI means becoming part of a trusted organization that values integrity, service, and excellence.
Key Qualifications and Requirements
Educational Qualifications
Candidates must meet the following criteria:
| Requirement | Details |
|---|---|
| Mandatory | Graduation in any discipline from a recognized university or institution. A Forex certificate from IIBF is essential (valid by December 31, 2024). |
| Preferred | Certifications such as CDCS, Trade Finance, or International Banking are highly desirable. |
Experience
- At least 2 years of post-qualification experience in trade finance processing in a supervisory role at any Scheduled Commercial Bank or Foreign Bank.
Skills
- Excellent communication and presentation skills.
- Proficiency in trade finance and forex transaction processing.
Location
The suggested postings are Hyderabad and Kolkata. However, candidates must be prepared for transfers across India based on operational needs.
Salary Information
| Pay Scale | Additional Benefits |
|---|---|
| ₹64,820 – ₹93,960 (MMGS-II) | DA, HRA, CCA, NPS, Leave Fare Concession, Medical Perks. |
| Probation Period: 6 months |
Job Responsibilities
Key Duties
- Document Scrutiny: Examine trade finance documents, including Letters of Credit, Bank Guarantees, and Collections, for compliance with regulatory guidelines (RBI, ICC, FEDAI, etc.).
- Transaction Processing: Process trade finance and forex transactions accurately within the specified Turnaround Time (TAT).
- Reconciliation: Manage and reconcile trade finance and forex-related entries in SBI’s systems.
- Guidance and Support: Assist branches and junior staff with trade finance queries and enhance operational efficiency.
- Audit and Compliance: Ensure timely submission of audit reports and adherence to all regulatory requirements.
Additional Tasks
- Participate in process reviews and training sessions.
- Monitor periodic activities such as customer reconciliation and payment tracking.
Important Dates
| Event | Date |
|---|---|
| Start of Online Registration | January 3, 2025 |
| Last Date for Registration | January 23, 2025 |
| Fee Payment Deadline | January 23, 2025 |
Application Fees
| Category | Fee |
|---|---|
| General/EWS/OBC | ₹750 |
| SC/ST/PwBD | Exempted |
Application fees are non-refundable and must be paid online.
Selection Process
- Shortlisting:
- Candidates will be shortlisted based on eligibility, qualifications, and experience.
- Meeting the minimum criteria does not guarantee shortlisting.
- Interview:
- Total Marks: 100.
- Final merit list prepared solely on interview performance. In case of ties, the candidate’s age will be considered, with preference given to older candidates.
Application Instructions
To apply for this prestigious position, follow these steps:
- Register online through SBI’s careers page.
- Upload the following documents in PDF format (each file size under 500 KB):
- Resume.
- ID proof.
- Educational and experience certificates.
- Caste/PwBD certificates (if applicable).
- Submit the completed application form and pay the application fee by the specified deadline.
Note: Ensure all uploaded documents are clear and meet size requirements. Double-check your application before final submission.
FAQs
1. What qualifications are required for this position?
Graduation in any discipline with a valid Forex certificate by IIBF.
2. Are there application fees?
Yes, ₹750 for General/EWS/OBC candidates. SC/ST/PwBD candidates are exempted.
3. Where will selected candidates be posted?
Initially in Hyderabad or Kolkata, but postings may be anywhere in India.
4. Is remote work available for this position?
No, this role requires on-site work at the assigned location.
5. What is the probation period?
Six months.
6. What is the salary range?
₹64,820–₹93,960, plus allowances such as DA, HRA, and CCA.
7. How will candidates receive updates?
Notifications will be sent via email or SMS.
8. What is the selection process?
Shortlisting followed by an interview.
9. What documents must I upload?
Resume, ID proof, educational and experience certificates, and category certificates (if applicable).
10. Will SBI reimburse travel expenses for interviews?
Yes, eligible outstation candidates can claim up to ₹10,000 for travel.
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