Bank of Baroda 2022 Jobs Recruitment Notification. Bank of Baroda inviting applications for the positions of Product Head and More. Interested and Eligible candidates can apply for the positions.
Last Date for Submission of Application is on 20th April, 2022
No.of Posts and Vacancies :-
Product Head and More - 22 Posts
Education Qualification :
Recruitment Of Human Resource On Fixed Term Engagement On Contract Basis For Wealth Management Services Department In Bank Of Baroda
i. Refer to the detailed advertisement dated 07.01.2022 in leading newspapers/ notification on our bank’s website inviting applications for various positions in Wealth Management Services Department.
1. Position: Product Head –Private Banking
2. No of Post: 01
3. Educational Qualification: A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India/Govt. bodies/AICTE
4. Work Experience:
• Minimum -3- years of relevant work experience.
• Must have experience of handling clients segments having TRV of Rs 15 Cr and above.
• Must be well versed with the Investment, Insurance, Derivative Products, etc.
• Ability to coordinate with various department like Trade, Forex, Project Finance, Merchant Banking, Syndication, Venture Capital, Private Equity.
• Must have sound knowledge of the prevalent ecosystem of Private Wealth in the industry.
• Must be aware of the regulatory guidelines, pertaining to products.
5. Nature of Engagement: Contractual Engagement for a period of 5 years, with periodic performance review. The term of engagement may be extended at the option of the Bank.
1. Position: Group Sales Head (Virtual RM Center)
2. No of Post: 01
3. Educational Qualification: A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India/Govt. bodies/AICTE
4. Desirable qualification: 2 years full time Post Graduate Degree / Diploma in Management
5. Work Experience:
• Minimum 10 Years of relevant work experience in financial services, Investment advisory out of which minimum 5 Years of experience in Wealth Management.
• Prior experience of handling virtual Relationship Manager sales centre/outbound sales in call centre, outbound telesales
• Good understanding of the sales process and compliance for tele sales.
• Excellent Knowledge of Investment Products, PMS, Mutual Funds and Insurance
• Proven track record of High Performance and Leadership
• Should have managed a large team of relationship managers & Team Leads at Regional Level at least for 5 years.
6. Nature of Engagement: Contractual Engagement for a period of 5 years, with periodic performance review. The term of engagement may be extended at the option of the Bank.
1. Position: Private Banker – Radiance Private
2. No of Post: 20
3. Educational Qualification: A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India/Govt. bodies/AICTE
4. Desirable qualification : 2 years full time Post Graduate Degree / Diploma in Management , CFP, CFA or equivalent qualifications
5. Work Experience:
• Minimum 12 Years of relevant work experience in financial services, Investment advisory or Private banking out of which minimum 8 Years of experience is in Wealth Management or related profiles
• Excellent knowledge of Private Banking products and services including Investments (Mutual Funds, PMS, AIFs, Structured products). Insurance (Life, Health, General), Banking Products (Assets as well as Liabilities), Trusts as well as advisory services etc.
• Proven track record of high performance and bespoke relationship management
• Excellent connections in the respective private banking markets
• Well-versed in terms of Banking regulations, and reforms and developments/changes across the Wealth Management business spectrum
6. Nature of Engagement: Contractual Engagement for a period of 5 years, with periodic performance review. The term of engagement may be extended at the option of the Bank.
7. Remuneration offered will be on Fixed Salary basis depending on candidate’s qualifications, experience, overall suitability, last drawn salary of the candidate and market benchmarks for the respective posts. Apart from the Fixed Salary, selected candidate will be eligible for Performance Linked Variable Pay which will be over and above the Fixed Salary but linked to the achievement of specific targets.
Age Limit:
Product Head: Min - 24 Years Max - 45 Years. Group Sales Head: Min- 31 Years Max-45 Years. Private Banker: Min- 33 Years Max-50 Years
Application Fees:
Application fees and Intimation Charges (Non-refundable) Rs. 600/-for General and OBC candidates (plus applicable GST & transaction charges) and Rs. 100/- (Intimation charges only – Non Refundable) for SC/ ST/PWD/Women candidates (plus applicable GST & transaction charges).
General Information:
i) The selected candidate will be required to sign an employment contract.
ii) Candidates should satisfy themselves about their eligibility for the post applied for as on the cut-off date (01.01.2022) and also ensure that the particulars furnished by him/her are correct in all respects.
iii) Appointment of selected candidate is subject to his/ her being declared medically fit as per the requirement of the Bank and the appointment will also be subject to the service and conduct rules of the Bank for such post in the Bank, amended from time to time.
iv) In case of multiple applications, only the last valid (complete) application will be retained.
v) Candidates will have to appear for the GD/interview/Selection Process at their own expense. However, eligible outstation SC/ST/Persons with Benchmark Disabilities category candidates called for GD/ interview will be paid II class to & fro railway/bus fare or actual expenses incurred, whichever is less, by shortest route on production of proof of travel (rail/bus ticket etc.).
a. The above concession will not be admissible to SC/ST/Persons with Benchmark Disabilities category candidates who are already in service in Central / State Government, Corporations, Public Undertakings /Local Government, Institutions and Panchayats etc.
vi) Candidates serving in Govt./Quasi Govt. offices, Public Sector undertakings including Nationalised Banks and Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.
vii) In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the appointment.
viii) In case it is detected at any stage of recruitment that a candidate does not fulfil the eligibility norms and / or that he / she has furnished any incorrect / false information or has suppressed any material fact(s), his / her candidature will stand cancelled. If any of these shortcomings is / are detected even after appointment, his /her services are liable to be terminated without notice.
ix) Decisions of bank in all matters regarding eligibility, conduct of interviews, other tests and selection would be final and binding on all candidates. No representation or correspondence will be entertained by the bank in this regard.
x) Intimations, wherever required will be sent by email and/ sms only to the email ID and mobile number registered in the online application form.
b. Bank shall not be responsible if the information/ intimations do not reach candidates in case of change in the mobile number, email address, technical fault or otherwise, beyond the control of Bank.
c. Candidates are advised to keep a close watch on the Bank’s authorized website www.bankofbaroda.co.in for latest updates.
xi) Any legal proceedings in respect of any matter of claim or dispute arising out of this advertisement and/or an application in response thereto can be instituted only in Mumbai and courts/tribunals/forums at Mumbai only shall have sole and exclusive jurisdiction to try any cause/dispute.
Selection Process:
1. Selection will be based on short listing and subsequent round of Personal Interview and/or Group Discussion and/or any other selection method.
• Bank reserves the right to change (cancel/ modify/ add) any of the criteria, method of selection etc.
• The Bank reserves its right to call candidates in a ratio, at its sole discretion, as per the Banks requirement.
• Adequate candidates as decided by the Bank will be shortlisted based on their qualification, experience and overall suitability for Interview. Most suitable candidates will be called for the selection process (GD/PI/any other selection method) and merely applying / being eligible for the post does not entitle the candidate to be invited for the selection process.
• A candidate should qualify in all the processes of selection i.e. GD and/or PI and/or other selection method (as the case may be) and should be sufficiently high in the merit to be shortlisted for subsequent process.
• In case more than one candidate scores the cut off marks (common mark at cut off point), such candidates will be ranked according to their age in descending order.
• Minimum Qualifying marks for UR/EWS Candidates shall be 60% of the Marks and for SC/ST/OBC/PWD Candidates, the same shall be 55% of the Marks. However the Bank, reserves the right to modify the Minimum Qualifying Marks at any stage.
2. Methodology for Selection :
All India Basis The number of vacancies listed above is tentative only. The Bank at its discretion reserve the right to modify/add/reduce the vacancies/locations as per the business requirements, administrative considerations and/or performance of candidates in the selection process or any other circumstances.
How to Apply:
1. The application window inviting online applications for the following positions has been re-opened from 11.04.2022 to 20.04.2022 (23:59 hours).
2. Interested candidates are advised to visit the Bank’s website www.bankofbaroda.co.in (Career Page -Current Opportunities - Recruitment for various positions in Wealth Management Services Department on Fixed Term Engagement on Contract Basis) for further details or you may follow the following link for applying for the said post:
3. https://www.bankofbaroda.in/career/current-opportunities/recruitment-of-variouspositions-under-wealth-management-services-department-on-contract-basis
4. The last date of submission of the application is 20.04.2022 (23:59 hours).
5. All other Terms & Conditions as per Advertisement dated 07.01.2022 shall remain unchanged