Hello Readers,
As you all know, there is a sudden upsurge in the recruitment for the Banking
Industry in the past few months. Many of you might be in a dilemma about the
various post in Banking Career. So, we have compiled few various details about
different post served in the Banking Industry. Hope you like the post!!
Probationary
Officer (PO)/Management Trainee (MT)
A Probationary officer (PO) or a Management Trainee (MT) is the first level to
enter the banking world. He or she reports to immediate seniors who evaluate
his performance in the tasks assigned to him. Initially, a Probationary Officer
can be assigned any work from a wide gamut of ongoing banking activities.
Normally the probation period is of two years in which the officer is exposed
to different types of banking related works. In some banks, the duration may be
limited to one year. The officers or trainees may undergo frequent transfers or
deputations during the probation period.
Once the probation period is completed the officer is confirmed as an Assistant
Manager and gets his or her permanent posting. Some banks are now placing
officers as Deputy Managers also, just after confirmation, provided they pass
the test conducted by the bank. For example: State Bank of India conducts a
confirmation exam. If a probationary officer passes the exam, he is confirmed
as an Assistant Manager. In fact, the State Bank of India even gives a chance
for promotion to Scale II to candidates who perform exceptionally well in the
exam.
After confirmation officers can be posted in specific areas of banking.
Iitially, they may be assigned customer handling tasks such as passing a
cheque, cash management, or issuing drafts. The person may be shifted to other
departments subsequently.
A Probationary Officer can reach up to the level of Chairman of a bank. One
shining example of such a growth is Chanda Kochhar. She started her career as a
as a Management Trainee with ICICI bank in 1984 and rose to the position of
Managing Director (MD) and Chief Executive Officer (CEO).
Specialist
Officer
A Specialist Officer in a bank is appointed for specialized roled in various
departments, according to their expertise and educational background. Some of
the Specialist Officer Positions in Banks are:
- Information Technology Officer
- Agriculture Field Officer
- Rajbhasha Adhikari
- Law Officer
- Technical Officer
- HR/Personnel Officer
- Marketing Officer
Credit
Officer
A Credit officer, also referred to as loan officer, facilitates lending from
financial institutions to individuals and businesses. Credit officers are
responsible for assessing and verifying the client's financial information and
helping the client get through the often complex loan process.
Law
Officer
A Law Officer deals with legal issues received from various departments of the
Bank and its associate institutions, which are mainly related to the
interpretation of various statutes.
He/she is also responsible for:
- Preparing initial drafts of
legislation administered/to be administered by the Bank
- Preparation of drafts of
pleadings and comprehensive instructions/briefs to counsel in connection
with litigation involving the Bank and its associate institutions
- Appearing before Conciliation
Officers, Labour courts, Tribunals, etc. on behalf of the Bank.
Essential Educational Qualification: Bachelor's Degree in Law
recognized by the Bar Council of India for the purpose of enrolment as an
Advocate with a minimum of 50% marks or equivalent.
Agriculture
Officer
An Agricultural Officer is responsible for promoting loans in rural areas
related to general and agricultural purposes under the various schemes framed
by government and other financial institutions. The officer needs to maintain a
good professional relationship with farmers to for lead generation, client
acquisition, site visit before the loan sanctioning, and follow-up for timely
loan recovery.
Essential Educational Qualification: A Degree in Agriculture/
Horticulture/ Animal Husbandry/ Veterinary Science/ Dairy Science/ Agriculture
Engineering/ Fishery Science/ Pisciculture/ Agricultural Marketing &
Cooperation from recognized university.
Foreign
Exchange Officer
A Foreign Exchange Officer, or Forex Dealer invests a corporation's funds on
currencies markets with a profit motive or as part of a risk management
(hedging) strategy. No formal education is needed to trade on foreign currency
markets. However, most firms, especially financial institutions such as banks,
insurance companies and hedge funds, require a four-year college degree for a
junior Forex trader position. A senior Forex dealer usually has a master's
degree in a finance-related field.
Presently some of the functions are as follows:
- Guidelines and Rules for Forex
Business.
- Training of Bank Personnel in
the areas of Foreign Exchange Business.
- Accreditation of Forex Brokers
- Advising/Assisting member banks
in settling issues/matters in their dealings.
- Represent member banks on
Government/Reserve Bank of India/Other Bodies.
- Announcement of daily and
periodical rates to member banks.
Information
Technology (IT) Officer
Information Technology (IT) Officers are required by almost every bank in order
to take care of its software systems. IT Officers look into maintenance of
servers, database and other networking aspects.
Essential Educational Qualification: Degree in Computer Science/
Computer Applications/ Information Technology/ Electronics/ Electronics &
Telecommunications/ Electronics & Communication/ Electronics &
Instrumentation from a recognized university or institution.
Personnel
Manager/HR Officer
A Personnel Manager handles the entire gamut of HR functions like Compensation
policy, Industrial Relations, Statutory Compliances, Performance Management
System, Training and Development, Staff Welfare and other relevant aspects of
Human Resource Management.
Marketing
Officer
A Marketing Officer is responsible for the coordination of all marketing and
social media and networking activities of the Bank. He/ She develops various
marketing concepts, objectives, materials, advertisements, programs, press
releases, and other special events approved by Senior Management and the Board
of Directors. He/ She provides guidance and coordinates implementation efforts
with respect to the installation of new or existing products and services.
The Marketing Officer is also responsible for being the primary contact of
public relations and media contacts, advertising, and certain business
development activities that promote the spirit, philosophy, dedication, and
general direction of the Bank.
Essential Educational Qualifications: MBA (Marketing) / 2 years
PGDBA / PGDBM or any other equivalent degree or diploma with specialization in
Marketing from a recognized University/ Institution.
Technical
Officer
A Technical Officer acts as a supervisor, consultant, and in charge of issues
pertaining his/her field of technical expertise. For example a Civil Engineer
working within Housing Finance division may be required to manage Surveying,
Property valuation, Project appraisal, Quantity survey, Estimation and Costing.
Essential Educational Requirement: Degree in Engineering in Civil/
Electrical/ Mechanical/ Production/ Metallurgy/ Electronics/ Electronics &
Telecommunication/ Computer Science/ Information Technology/ Textile/ Chemical/
Pharmaceuticals or any other engineering/technical field as required for the
Job Profile.
Assistant
Manager
An Assistant Manager is someone whose role would be to help oversee the running
of an entire branch, or a number of small branches. Every Manager needs a
strong team behind them, and an Assistant Manager would be their first point of
contact. Assistant Manager would have to, on a daily basis, motivate and
encourage staff to keep the branch/branches running smoothly and meeting
targets.
On top of working with staff, assistant manager would be looking after business
and individual customer accounts. It's his job to keep all regulations and
policies in order and maintain good customer relationships. He'd also be one of
the first ports of call for customer disputes and would have to answer a number
of more complex queries. Marketing also plays a part in his role. Assistant
manager would be responsible for helping to bring in new customers and boosting
the bank's profits.
Chartered
Accountant
A Chartered Accountant is involved in financial reporting, taxation, auditing,
forensic accounting, corporate finance, business recovery and insolvency, or
accounting systems and processes. Generally, they play a strategic role by
providing professional advice, aiming to maximise profitability on behalf of
their client or employer.
Their typical work activities involve:
- liaising with internal and
external auditors and dealing with any financial irregularities as they
arise;
- producing reports and
recommendations following internal audits or public-sector audits;
- preparing financial statements,
including monthly and annual accounts;
- preparing financial management
reports, including financial planning and forecasting;
- advising on tax and treasury
issues;
- negotiating terms with
suppliers.
Rajbhasha
Adhikari
A Rajbhasha Adhikari is in charge of translation of official documents in
English (or any other regional language) into Rajbhasha, that is, Hindi.
Essential Educational Requirement: A minimum 2nd class post
Graduate Degree in Hindi with English as a subject in degree level OR a post
graduate degree in Sanskrit with English and Hindi as a subject in degree
level. For translation job from a language other than English, that particular
language should be a part of the graduate/ postgraduate curriculum.
Banking
Officer
A banking officer oversees many aspects of a retail banking environment.
General duties include monitoring the operations for correct accounting
procedures, approving loan packages, and developing relationships with banking
customers. Generally a Probationary Officer or a Management Trainee takes the
role of an Officer / Manager after the end of his/her Probation/Training Period.
Apart from General Banking Officers, Officers can be classified under various
specialized categories - Credit, Loan, Agriculture, Law, IT, Marketing, and HR
Officers.
Customer
Relationship Executive
A Customer Relationship Executive or a CRE has the main duty to handle the
customer complaints and pro actively provide a resolution. If need arises he
has to escalate the complaints to his superiors. He is responsible to handle
customer queries using the bank’s standard guidelines. A Customer Relationship
Executive is required to maintain the coordination and a strong working
relationship with external and internal customers, colleagues, and customer
service management. A CRE might also have a set sales target which he has to
achieve within a given period of time.
Clerk
A bank clerk, also called a teller, is a financial service professional. He/she
serves as the primary point of contact for most bank customers, administering
basic banking transactions and answering most questions. This role is seen as
an entry level position.
Office
Assistant
An Office Assistant assists the staff as needed in doing duties like research
work, typing, correspondence, faxes and filing. The duties of the Office
Assistant are varied and he/she normally reports to the Business Manager for
the different specific job functions that are needed to be done. Every Office
Assistant needs direction in order to complete daily functions, however, there
are certain tasks that he/she completes on a daily basis without any
directions. Running errands, taking care of the mail, daily database are some
of the common functions of an Office Assistant done on a regular basis.
Agricultural
Assistant
An Agricultural Assistant assists the Agricultural Officer in promoting loans
in rural areas related to general and agricultural purposes under the various
schemes framed by government and other financial institutions. He/ She assists
in client acquisition, site visit before the loan sanctioning and follow-up for
timely loan recovery.
Essential Educational Qualification: A Degree from Indian
Agriculture College or University.
