2/4/2015

BankersAdda:AnoverviewofBankingCareer

AnoverviewofBankingCareer
HelloReaders,
Asyouallknow,thereisasuddenupsurgeintherecruitmentfortheBanking
Industryinthepastfewmonths.Manyofyoumightbeinadilemmaabout
thevariouspostinBankingCareer.So,wehavecompiledfewvarious
detailsaboutdifferentpostservedintheBankingIndustry.Hopeyoulikethe
post!!

ProbationaryOfficer(PO)/ManagementTrainee(MT)
AProbationaryofficer(PO)oraManagementTrainee(MT)isthefirstlevelto
enterthebankingworld.Heorshereportstoimmediateseniorswhoevaluate
hisperformanceinthetasksassignedtohim.Initially,aProbationaryOfficer
canbeassignedanyworkfromawidegamutofongoingbankingactivities.
Normallytheprobationperiodisoftwoyearsinwhichtheofficerisexposed
todifferenttypesofbankingrelatedworks.Insomebanks,thedurationmay
belimitedtooneyear.Theofficersortraineesmayundergofrequent
transfersordeputationsduringtheprobationperiod.
Oncetheprobationperiodiscompletedtheofficerisconfirmedasan
AssistantManagerandgetshisorherpermanentposting.Somebanksare
nowplacingofficersasDeputyManagersalso,justafterconfirmation,
providedtheypassthetestconductedbythebank.Forexample:StateBank
ofIndiaconductsaconfirmationexam.Ifaprobationaryofficerpassesthe
exam,heisconfirmedasanAssistantManager.Infact,theStateBankof
IndiaevengivesachanceforpromotiontoScaleIItocandidateswho
performexceptionallywellintheexam.
Afterconfirmationofficerscanbepostedinspecificareasofbanking.Iitially,
theymaybeassignedcustomerhandlingtaskssuchaspassingacheque,
cashmanagement,orissuingdrafts.Thepersonmaybeshiftedtoother
departmentssubsequently.
AProbationaryOfficercanreachuptothelevelofChairmanofabank.One
shiningexampleofsuchagrowthisChandaKochhar.Shestartedhercareer
asaasaManagementTraineewithICICIbankin1984androsetothe
positionofManagingDirector(MD)andChiefExecutiveOfficer(CEO).
SpecialistOfficer
ASpecialistOfficerinabankisappointedforspecializedroledinvarious
departments,accordingtotheirexpertiseandeducationalbackground.Some
oftheSpecialistOfficerPositionsinBanksare:
InformationTechnologyOfficer
AgricultureFieldOfficer
RajbhashaAdhikari
LawOfficer
TechnicalOfficer
data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

1/6

2/4/2015

BankersAdda:AnoverviewofBankingCareer

HR/PersonnelOfficer
MarketingOfficer

CreditOfficer
ACreditofficer,alsoreferredtoasloanofficer,facilitateslendingfrom
financialinstitutionstoindividualsandbusinesses.Creditofficersare
responsibleforassessingandverifyingtheclient'sfinancialinformationand
helpingtheclientgetthroughtheoftencomplexloanprocess.
LawOfficer
ALawOfficerdealswithlegalissuesreceivedfromvariousdepartmentsof
theBankanditsassociateinstitutions,whicharemainlyrelatedtothe
interpretationofvariousstatutes.
He/sheisalsoresponsiblefor:
Preparinginitialdraftsoflegislationadministered/tobe
administeredbytheBank
Preparationofdraftsofpleadingsandcomprehensive
instructions/briefstocounselinconnectionwithlitigationinvolving
theBankanditsassociateinstitutions
AppearingbeforeConciliationOfficers,Labourcourts,Tribunals,
etc.onbehalfoftheBank.

EssentialEducationalQualification:Bachelor'sDegreeinLawrecognized
bytheBarCouncilofIndiaforthepurposeofenrolmentasanAdvocatewith
aminimumof50%marksorequivalent.
AgricultureOfficer
AnAgriculturalOfficerisresponsibleforpromotingloansinruralareasrelated
togeneralandagriculturalpurposesunderthevariousschemesframedby
governmentandotherfinancialinstitutions.Theofficerneedstomaintaina
goodprofessionalrelationshipwithfarmerstoforleadgeneration,client
acquisition,sitevisitbeforetheloansanctioning,andfollowupfortimelyloan
recovery.
EssentialEducationalQualification:ADegreeinAgriculture/Horticulture/
AnimalHusbandry/VeterinaryScience/DairyScience/Agriculture
Engineering/FisheryScience/Pisciculture/AgriculturalMarketing&
Cooperationfromrecognizeduniversity.
ForeignExchangeOfficer
AForeignExchangeOfficer,orForexDealerinvestsacorporation'sfundson
currenciesmarketswithaprofitmotiveoraspartofariskmanagement
(hedging)strategy.Noformaleducationisneededtotradeonforeign
currencymarkets.However,mostfirms,especiallyfinancialinstitutionssuch
asbanks,insurancecompaniesandhedgefunds,requireafouryearcollege
data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

2/6

2/4/2015

BankersAdda:AnoverviewofBankingCareer

degreeforajuniorForextraderposition.AseniorForexdealerusuallyhasa
master'sdegreeinafinancerelatedfield.
Presentlysomeofthefunctionsareasfollows:
GuidelinesandRulesforForexBusiness.
TrainingofBankPersonnelintheareasofForeignExchange
Business.
AccreditationofForexBrokers
Advising/Assistingmemberbanksinsettlingissues/mattersin
theirdealings.
RepresentmemberbanksonGovernment/ReserveBankof
India/OtherBodies.
Announcementofdailyandperiodicalratestomemberbanks.

InformationTechnology(IT)Officer
InformationTechnology(IT)Officersarerequiredbyalmosteverybankin
ordertotakecareofitssoftwaresystems.ITOfficerslookintomaintenance
ofservers,databaseandothernetworkingaspects.
EssentialEducationalQualification:DegreeinComputerScience/
ComputerApplications/InformationTechnology/Electronics/Electronics&
Telecommunications/Electronics&Communication/Electronics&
Instrumentationfromarecognizeduniversityorinstitution.
PersonnelManager/HROfficer
APersonnelManagerhandlestheentiregamutofHRfunctionslike
Compensationpolicy,IndustrialRelations,StatutoryCompliances,
PerformanceManagementSystem,TrainingandDevelopment,StaffWelfare
andotherrelevantaspectsofHumanResourceManagement.
MarketingOfficer
AMarketingOfficerisresponsibleforthecoordinationofallmarketingand
socialmediaandnetworkingactivitiesoftheBank.He/Shedevelopsvarious
marketingconcepts,objectives,materials,advertisements,programs,press
releases,andotherspecialeventsapprovedbySeniorManagementandthe
BoardofDirectors.He/Sheprovidesguidanceandcoordinates
implementationeffortswithrespecttotheinstallationofneworexisting
productsandservices.
TheMarketingOfficerisalsoresponsibleforbeingtheprimarycontactof
publicrelationsandmediacontacts,advertising,andcertainbusiness
developmentactivitiesthatpromotethespirit,philosophy,dedication,and
generaldirectionoftheBank.
EssentialEducationalQualifications:MBA(Marketing)/2yearsPGDBA/
PGDBMoranyotherequivalentdegreeordiplomawithspecializationin
MarketingfromarecognizedUniversity/Institution.
data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

3/6

2/4/2015

BankersAdda:AnoverviewofBankingCareer

TechnicalOfficer
ATechnicalOfficeractsasasupervisor,consultant,andinchargeofissues
pertaininghis/herfieldoftechnicalexpertise.ForexampleaCivilEngineer
workingwithinHousingFinancedivisionmayberequiredtomanage
Surveying,Propertyvaluation,Projectappraisal,Quantitysurvey,Estimation
andCosting.
EssentialEducationalRequirement:DegreeinEngineeringinCivil/
Electrical/Mechanical/Production/Metallurgy/Electronics/Electronics&
Telecommunication/ComputerScience/InformationTechnology/Textile/
Chemical/Pharmaceuticalsoranyotherengineering/technicalfieldas
requiredfortheJobProfile.
AssistantManager
AnAssistantManagerissomeonewhoserolewouldbetohelpoverseethe
runningofanentirebranch,oranumberofsmallbranches.EveryManager
needsastrongteambehindthem,andanAssistantManagerwouldbetheir
firstpointofcontact.AssistantManagerwouldhaveto,onadailybasis,
motivateandencouragestafftokeepthebranch/branchesrunningsmoothly
andmeetingtargets.
Ontopofworkingwithstaff,assistantmanagerwouldbelookingafter
businessandindividualcustomeraccounts.It'shisjobtokeepallregulations
andpoliciesinorderandmaintaingoodcustomerrelationships.He'dalsobe
oneofthefirstportsofcallforcustomerdisputesandwouldhavetoanswer
anumberofmorecomplexqueries.Marketingalsoplaysapartinhisrole.
Assistantmanagerwouldberesponsibleforhelpingtobringinnew
customersandboostingthebank'sprofits.
CharteredAccountant
ACharteredAccountantisinvolvedinfinancialreporting,taxation,auditing,
forensicaccounting,corporatefinance,businessrecoveryandinsolvency,or
accountingsystemsandprocesses.Generally,theyplayastrategicroleby
providingprofessionaladvice,aimingtomaximiseprofitabilityonbehalfof
theirclientoremployer.
Theirtypicalworkactivitiesinvolve:
liaisingwithinternalandexternalauditorsanddealingwithany
financialirregularitiesastheyarise
producingreportsandrecommendationsfollowinginternalaudits
orpublicsectoraudits
preparingfinancialstatements,includingmonthlyandannual
accounts
preparingfinancialmanagementreports,includingfinancial
planningandforecasting
advisingontaxandtreasuryissues
negotiatingtermswithsuppliers.

data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

4/6

2/4/2015

BankersAdda:AnoverviewofBankingCareer

RajbhashaAdhikari
ARajbhashaAdhikariisinchargeoftranslationofofficialdocumentsin
English(oranyotherregionallanguage)intoRajbhasha,thatis,Hindi.
EssentialEducationalRequirement:Aminimum2ndclasspostGraduate
DegreeinHindiwithEnglishasasubjectindegreelevelORapostgraduate
degreeinSanskritwithEnglishandHindiasasubjectindegreelevel.For
translationjobfromalanguageotherthanEnglish,thatparticularlanguage
shouldbeapartofthegraduate/postgraduatecurriculum.
BankingOfficer
Abankingofficeroverseesmanyaspectsofaretailbankingenvironment.
Generaldutiesincludemonitoringtheoperationsforcorrectaccounting
procedures,approvingloanpackages,anddevelopingrelationshipswith
bankingcustomers.GenerallyaProbationaryOfficeroraManagement
TraineetakestheroleofanOfficer/Manageraftertheendofhis/her
Probation/TrainingPeriod.ApartfromGeneralBankingOfficers,Officerscan
beclassifiedundervariousspecializedcategoriesCredit,Loan,Agriculture,
Law,IT,Marketing,andHROfficers.
CustomerRelationshipExecutive
ACustomerRelationshipExecutiveoraCREhasthemaindutytohandle
thecustomercomplaintsandproactivelyprovidearesolution.Ifneedarises
hehastoescalatethecomplaintstohissuperiors.Heisresponsibleto
handlecustomerqueriesusingthebanksstandardguidelines.ACustomer
RelationshipExecutiveisrequiredtomaintainthecoordinationandastrong
workingrelationshipwithexternalandinternalcustomers,colleagues,and
customerservicemanagement.ACREmightalsohaveasetsalestarget
whichhehastoachievewithinagivenperiodoftime.
Clerk
Abankclerk,alsocalledateller,isafinancialserviceprofessional.He/she
servesastheprimarypointofcontactformostbankcustomers,
administeringbasicbankingtransactionsandansweringmostquestions.This
roleisseenasanentrylevelposition.
OfficeAssistant
AnOfficeAssistantassiststhestaffasneededindoingdutieslikeresearch
work,typing,correspondence,faxesandfiling.ThedutiesoftheOffice
Assistantarevariedandhe/shenormallyreportstotheBusinessManagerfor
thedifferentspecificjobfunctionsthatareneededtobedone.EveryOffice
Assistantneedsdirectioninordertocompletedailyfunctions,however,there
arecertaintasksthathe/shecompletesonadailybasiswithoutany
directions.Runningerrands,takingcareofthemail,dailydatabasearesome
ofthecommonfunctionsofanOfficeAssistantdoneonaregularbasis.
AgriculturalAssistant

data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

5/6

2/4/2015

BankersAdda:AnoverviewofBankingCareer

AnAgriculturalAssistantassiststheAgriculturalOfficerinpromotingloansin
ruralareasrelatedtogeneralandagriculturalpurposesunderthevarious
schemesframedbygovernmentandotherfinancialinstitutions.He/She
assistsinclientacquisition,sitevisitbeforetheloansanctioningandfollow
upfortimelyloanrecovery.
EssentialEducationalQualification:ADegreefromIndianAgriculture
CollegeorUniversity.

ALLTHEBEST!!

data:text/htmlcharset=utf8,%3Ch3%20class%3D%22posttitle%20entrytitle%22%20style%3D%22margin%3A%200.75em%200px%200px%3B%20posi

6/6