6 Chartered Accountant vacancies in SBI

The State Bank of India(SBI) has invited applications for the CA/CFA vacancies for various posts.

Basic Qualifications for all the posts

(i) Chartered Accountant (CA), or (ii) CFA, or (iii) MBA/PGDM (Finance/ Data Analytics/ Business Analytics) or its equivalent as full-time course from recognised institute, or (iv) M.Sc. (Statistics)

Preferred Other Qualification

Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Specific Skills Desired

• Excellent Communication Skills (verbal as well as written)
• Problem Solving Aptitude
• Analytical Thinking
• Experience in working on applications like Python, R, SPSS, SAS, etc.
• Proficiency in MS Office applications, especially in MS Excel.

Post :Risk Specialist- Sector (Scale-III)

Scale of Pay : 42020-1310/5-48570-1460/2-51490

Post Qualification Experience: 4 Years’ Postqualification Experience in Financial Institutions/ Rating Agencies/ Brokerage Firms with domain knowledge across sector/ industry, experience in primary/ secondary research, experience in risk modeling, data analysis, report writing, etc. in any of the following Sectors: a. Power b. Hydrocarbon & Petrochemicals c. EPC & Roads d. Real Estate e. Large Accounts / Key Group Analyst

Post :Risk Specialist- Sector (Scale-II)

Scale of Pay : 31705-1145/1-32850-1310/10-45950

Post Qualification Experience: 2 Years’ Postqualification Experience in Financial Institutions/ Rating Agencies/ Brokerage Firms with domain knowledge across sector/ industry, experience in primary/ secondary research, experience in risk modelling, data analysis, report writing, etc. in any of the following Sectors: a. Automobiles & Auto Components b. Textiles c. Food processing d. Precious Metals, Gems & Jewellery e. Service Industries, like Telecom, IT, Hospitality, Hospitals, Education, etc.

Responsibilities & Functions of Risk Specialist- Sector

i. Industry Research and Large Account Reports

• Conduct historical performance analysis quantitatively and qualitatively (trends, disruptions, etc.) Actively monitor developments in the sector to update the financial model assumptions and update forward-looking macro sectoral views of the bank and key large accounts outlook
• Ensure creation of reports within target TAT and with minimum errors
• Liaise with Sector credit specialists within the Credit Review department to discuss important sector level updates and exchange feedback on key observations ii. Sectoral Coverage
• Attend conferences, seminars, trade association, chambers of commerce meetings related to the sector and network with other bankers, equity research analysts, and industry leaders
• Carry out primary research (site visits, client interactions, etc.) for key clients within the sector to generate ground-level understanding of the sector to form forward looking macro views on the sector and develop an outlook on the key large accounts
• Participate in the investor presentations, analysts earning calls, and annual general meetings for the leading players in the sector
• Closely monitor the business news along with public research publications and reports/commentaries by brokerages, fund houses, and independent analysis to update sectoral and company views in a fast-changing market.

KRA:

• Independently tracking the industry & analysis of developments
• Variance in risk exposure versus policy limits
• Number of breaches in adherence to regulatory policies
• Number of times there is a delay or error in risk reports

Post : Portfolio Management Specialist (Scale-II)

Scale of Pay : 31705-1145/1-32850-1310/10-45950

Post Qualification Experience: 2 Years’ Postqualification experience in Portfolio Management in Banks/ Financial Institutions for optimum return.

Responsible for:

Proactively track the portfolio against defined targets and facilitate the secondary sale of loans by identifying and pricing the loans to be sold.

Responsibilities & Functions:

i.Portfolio Monitoring and Optimization

• Monitor portfolio for credit quality, profitability, risk, and other guardrails (concentration, capital, etc.) Evaluate industry trends, conditions of clients and prospects to properly position portfolio
• Conduct periodic analysis of corporate book and identify potential opportunities and challenges Program manage key initiatives identified by senior management towards portfolio optimization
• Liaise with multiple functions to drive portfolio objectives/strategy
• Construct sensitized forward-looking projection models to aid business decisions making processes
• Build real-time portfolio measurement tool to aid business decision process

ii. Portfolio Reporting

Prepare regular reports on performance, profitability, and quality of the portfolio

KRA

• Bank RAROC
• Variance in risk exposure versus policy limits
• Value of loans structured and sold
• Number of breaches in adherence to regulatory policies
• Number of times there is a delay or error in risk reports

Post :Risk Specialist- Credit (Scale-III)

Scale of Pay : 42020-1310/5-48570-1460/2-51490

Post Qualification Experience: 4 Years’ relevant Postqualification Risk related work experience in Credit risk and risk modeling in Financial Institutions/ Rating Agencies/ Brokerage Firms.

Post :Risk Specialist- Credit (Scale-II)

Scale of Pay : 31705-1145/1-32850-1310/10-45950

Post Qualification Experience: 2 Years’ relevant post-qualification Risk related work experience in Credit risk and risk modeling in Financial Institutions/ Rating Agencies/ Brokerage Firms.

Responsibilities & Functions Risk Specialist - Credit

• Monitoring the credit portfolio in terms of limits on concentration in quality, Geography, industry, product, maturity, and large exposure aggregates
• Ensuring that adequate policies & systems are in place for identifying, measuring, mitigating, monitoring, and controlling of Credit Risk in respect of Bank's credit
• To evolve Credit Risk Assessment (CRA)/ scoring models for various groups of borrowers
• To carry out Risk Components viz Probability of Default (PD), Loss Given Default (LGD), and Exposure At Default (EAD)
• To arrange for periodic review of credit risk related policies and dissemination of information. To analyze the credit portfolio of the Bank on various defined parameters. To identify and assess risk factors/concentrations and recommend remedial action
• To compute Credit Risk Premium (CRP) and advising the same to CPPD/ Business Groups for deciding interest rates
• Model Development, Review of Models, Rating transition study
• IRB project (Data collection from operating units, conducting workshops for Risk Raters, Coordinating with EDW for loading data in RDM and capital computation)

KRA

• Credit Risk Modelling and validation
• Variance in risk exposure versus policy limits
• Number of breaches in adherence to regulatory policies
• Number of times there is a delay or error in risk reports

Post :Risk Specialist Enterprise (Scale-II)

Scale of Pay : 31705-1145/1-32850-1310/10-45950

Post Qualification Experience: 2 Years’ relevant Post-qualification Risk related work experience in Enterprise risk and risk modeling in Financial Institutions/ Rating Agencies/ Brokerage Firms

Responsibilities & Functions

• Effective identification, assessment, monitoring, and reporting of risk parameters across SBI and Group entities to top Management
• Review of the enterprise-wide Risk Appetite Framework of the Bank and cascading it to the BU's and quarterly monitoring
• Developing a risk management framework and ICAAP document formulation for RRBs and bringing them under the ambit of the GRM Policy in a calibrated manner
• Development of Risk Culture framework for the Bank and assessment of the same. Develop suitable intervention (BU/Group-wise) wherever culture assessed as weak
• Efficient steering and implementation of the Group Risk Transformation Project

KRA

• Bank RAROC
• Variance in risk exposure versus policy limits
• Value of loans structured and sold
• Number of breaches in adherence to regulatory policies
• Number of times there is a delay or error in risk reports

Post :Risk Specialist- IND AS (Scale-III)

Scale of Pay : 42020-1310/5-48570-1460/2-51490

Post Qualification Experience: 4 Years’ relevant Postqualification Risk related work experience in Credit risk and risk modeling in Financial Institutions/ Rating Agencies/ brokerage Firms.

Responsibilities & Functions

• Defining a significant increase in Credit Risk(SICR)
• Incorporating forward-looking macro-economic factors in PD, LGD and EAD models
• Calculation of PIT PD and Lifetime PD for the entire loan portfolio
• Long-run average Loss Given Default for the entire loan portfolio
• Monitoring of PD, LGD, and EAD models on a quarterly basis.
• Validation of all the above models, redevelopment/ recalibration of the models based on validation results
• Incorporation of process note on ECL methodology for investments as per IND-AS and monitoring of ECL model on a regular basis
• Defining, effective interest rate(EIR) and the process to be adopted for the investment in the valuation manual.

KRA

• Bank RAROC
• Variance in risk exposure versus policy limits
• Value of loans structured and sold
• Number of breaches in adherence to regulatory policies
• Number of times there is a delay or error in risk reports

The official will be eligible for DA, HRA, CCA, PF, Contributory Pension, LFC, Medical Facility etc. as per rules in force from time to time. Emoluments will vary center/place wise.

Likely Place of Posting : Mumbai

For more details and how to apply, click here.