The posts offered in the banking sector

Hi Aspirants,

Banking jobs has always been an attraction for the graduates; there are many posts which are offered by banking sector. Generally graduates opt for IBPS CLERK or Probationary Officer post, but there are many other posts which are offered. Let us discuss all these posts in detail. We advise you to join any reputed BANK COACHING IN PATHANKOT to grab any of these dream jobs.

Probationary Officer (PO)/Management Trainee (MT)

A Probationary officer (PO) or a Management Trainee (MT) is the primary level to enter the banking sector. He or she works under immediate seniors who assess his routine tasks assigned to him. To begin with, a Probationary Officer can be allocated any work from a wide range of constant banking activities. Normally the probation period is of two years in which the officer is assigned different types of banking related works. In a number of banks, the period may be limited to one year. The officers or trainees may go through frequent transfers or deputations during the probation period.

Once the probation period is completed the officer is granted confirmation on the post of Assistant Manager and gets his or her permanent posting. Some banks are now employing officers as Deputy Managers also, then after confirmation, provided they crack the test given by the bank. Such as: State Bank of India holds a verification exam. In case a probationary officer clears the exam, he is confirmed at the post of Assistant Manager. In fact, the State Bank of India also gives a chance for the promotion to a Scale II to applicants who does exceptionally well in the exam.

After verification officers can be given a post in specific areas of banking. At first, they may be given a task related to customer handling such as passing a cheque, cash management, or issuing drafts. An individual may be transferred to other departments afterwards. A Probationary Officer can get to the level of Chairman of a bank.

Specialist Officer

Specialist Officer in a bank is employed by the banks to accomplish specialized work. They are expected to have a proficiency in one skill with a strong educational background.

Posts offered under Specialist Officer 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 who is also known as loan officer assists the customers to lend from various financial institutions for their individual and business needs. Credit officers are responsible for assessing and verifying the customer’s financial information and help them to get through the frequent and complex loan procedure.

Law Officer

Law Officer deals with legal issues of various departments of the Bank and its related institutions. These are related to the elucidation of various statutes.
He/she is also responsible for:

• To set up initial drafts of legislation being handled or to be handled by the Bank.
• To prepare drafts of request\s and inclusive directions/briefs to counsel in connection with litigation concerning the Bank and its associate institutions
• To appear before Conciliation Officers, Labour courts, Tribunals, etc. on behalf of the Bank.

Essential Educational Qualification:

He or she must possess a Degree in Law from a recognized 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 accountable to promote loans in rural areas associated with general and agricultural purposes under a variety of schemes outlined by government and other financial institutions. The officer needs to maintain a good professional relationship with farmers for generating lead, client acquisition, and site visits before the loan sanctioning, and follow-up for timely loan recovery.

Essential Educational Qualification:

He or she must have a Degree in Agriculture/ Horticulture/ Animal Husbandry/ Veterinary Science/ Dairy Science/ Agriculture Engineering/ Fishery Science/ Pisciculture/ Agricultural Marketing & Cooperation from a recognized university.

Foreign Exchange Officer

A Foreign Exchange Officer or Forex Dealer invests a corporation's funds in the currencies markets to earn profit or as part of a risk management (hedging) policy. There is no need for any formal education to trade on foreign currency markets. Generally financial institutions such as banks, insurance companies need a four-year college degree for the post of a junior Forex trader. A senior Forex dealer generally possesses a master's degree
in a finance-related field.

Some of the important functions are as follows:

• Strategy and Rules for Forex Business.
• Instructions to be given to Bank Personnel in the areas of Foreign Exchange Business.
• Authorization of Forex Brokers
• Advising and supporting member banks to settle issues/matters in their dealings.
• To represent member banks on Government/Reserve Bank of India/Other Bodies.
• To announce daily and periodical rates to member banks.

Information Technology (IT) Officer

Almost every bank needs an Information Technology (IT) Officer in order to take care of its software systems. IT Officers assist in the maintenance of servers, database and other networking areas.

Essential Educational Qualification:

He or she must have a 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 holds the complete range of HR functions like Compensation policy, Industrial Relations, Statutory Compliances, Performance Management System, Training and Development, Staff Welfare and other relevant features of Human Resource Management.

Marketing Officer

A Marketing Officer is accountable to coordinate all marketing and social media and networking activities of the Bank. He/ She formulates various marketing perceptions, objectives, materials, advertisements, programs, press releases, and other extraordinary events permitted by Senior Management and the Board of Directors. He/ She offer supervision and synchronize implementation of efforts with respect to the installation of new or existing products and services.

The Marketing Officer is also accountable for being the primary contact of public relations and media contacts, advertising, and certain business development activities that endorse the spirit, philosophy, dedication, and general direction of the Bank.

Essential Educational Qualifications:

He or she must possess 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 performs his duties as a supervisor, consultant, and in charge of issues pertaining his/her field of technical know-how. For example a Civil Engineer working within Housing Finance division may be required to manage Surveying, Property valuation, Project assessment, Quantity survey, Estimation and Costing.

Essential Educational Requirement:

He or she must have a 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 an important person whose role is to assist oversee the running of an entire branch, or a number of small branches. Every Manager needs a sturdy team behind them, and an Assistant Manager would be their first point of contact. Assistant Manager needs to, on a daily
basis, motivate and encourage staff to keep the branch/branches successively running to meet the targets.

Besides working with staff, assistant manager also looks after business and individual customer accounts. It's his job to keep all systems and policies in order and maintain good customer relationships. He should 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

Chartered Accountant is concerned with the financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. Generally, they play a deliberate role by providing professional advice, aiming to maximize profitability on behalf of their client or employer.

Their characteristic activities comprises of :

• To liaison with internal and external auditors and dealing with any monetary irregularity as and when it arises
• To produce reports and recommendations following internal audits or public-sector audits;
• To prepare financial statements, including monthly and annual accounts;
• To prepare financial management reports, including financial planning and forecasting;
• To advise on tax and treasury issues;
• To negotiate terms with suppliers.

Rajbhasha Adhikari

Rajbhasha Adhikari is an in charge to translate various official documents in English (or any other regional language) into Rajbhasha, that is, Hindi.

Essential Educational Requirement:

He or she must possess a 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

Banking officer supervises various aspects of a retail banking environment. The duties include is to monitor the operations to do the exact accounting procedures, approving loan packages, an 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

Customer Relationship Executive or a CRE has a key duty to handle the client complaints and to vigorously 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 uphold 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 goal which he has to attain within a given period of time.
Clerk

A bank clerk is also termed as a teller. He is a financial service professional. He/she works as the primary point of contact for most bank customers, to administer the basic bank transactions and to answer most questions. This role is seen as an entry
level position.

Office Assistant

An Office Assistant helps the staff as desirable in doing duties like research work, typing, correspondence, faxes and filing. The duties of the Office Assistant are diverse and he/she usually 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 definite tasks that he/she complete on a daily basis without any directions. Running odd jobs, 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 helps the Agricultural Officer to promote loans in rural areas related to general and agricultural purposes under a variety of 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:

He or she must have a Degree from Indian Agriculture College or University.