Feature Post

Understanding ETFs Uses, Returns and Comparison with Mutual Funds and Stocks

 Exchange-Traded Funds (ETFs) have gained popularity among investors for their unique features and benefits. In this blog, we'll explore the uses of ETFs, their potential returns, how they differ from mutual funds and stock investments, and their safety profile. What is an ETF? An ETF is a type of investment fund that trades on stock exchanges, much like individual stocks. It holds a collection of assets, such as stocks, bonds, or commodities, and aims to track the performance of a specific index, sector, or asset class. Uses of ETFs Diversification : ETFs allow investors to gain exposure to a wide range of assets without having to purchase each individually. For instance, an ETF tracking the S&P 500 gives you exposure to 500 different stocks, reducing the risk associated with individual stock investments. Cost Efficiency : ETFs often have lower expense ratios compared to mutual funds. They typically pass on lower management costs to investors since they are often passively man

RECRUITMENT OF SPECIALIST CADRE OFFICERS IN SBI ON REGULAR BASIS (18.09.2020 to 08.10.2020)


State Bank of India invited Online application from Indian citizen for appointment to the below Specialist Cadre Officers posts. Candidates are requested to apply Online through below given links 

1. https://bank.sbi/careers or 

2. https://www.sbi.co.in/careers.

Source - ADVERTISEMENT NO: CRPD/ SCO-RMD/2020-21/21





Grade Scale of Pay

MMGS -II (31705-1145/1-32850-1310/10-45950)

MMGS-III (42020-1310/5-48570-1460/2-51490

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 centre/place wise

Vacancies Details 

1. Post Name: Risk Specialist- Sector (Scale-III)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification:

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience: 

4 Years’ Post qualification 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. Power b. Hydrocarbon & Petrochemicals c. EPC & Roads d. Real Estate e. Large Accounts / Key Group Analyst

Job Profile: 

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 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 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. 


2. Post Name: Risk Specialist- Sector (Scale-II)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification: 

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience:

2 Years’ Post qualification 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

Job Profile: 

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 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 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. 


3. Post Name: Portfolio Management Specialist (Scale-II)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification: 

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience:

2 Years’ Post qualification experience in Portfolio Management in Banks/ Financial Institutions for optimum return. 

Job Profile: 

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

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 optimisation 

*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


4. Post Name: Risk Specialist- Credit (Scale-III)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification: 

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience:

4 Years’ relevant post qualification Risk related work experience in Credit risk and risk modelling in Financial Institutions/ Rating Agencies/ Brokerage Firms.

Job Profile: *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 analyse 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)


5. Post Name: Risk Specialist- Credit (Scale-II)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification:

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience

2 Years’ relevant post qualification Risk related work experience in Credit risk and risk modelling in Financial Institutions/ Rating Agencies/ Brokerage Firms.

Job Profile: 

*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 analyse 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)


6. Post Name:  Risk Specialist- Enterprise (Scale-II)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification: 

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience:

2 Years’ relevant post qualification Risk related work experience in Enterprise risk and risk modelling in Financial Institutions/ Rating Agencies/ Brokerage Firms 

Job Profile: *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 


7. Post Name: Risk Specialist- IND AS (Scale-III)

Age Criteria: 25 Years to 30 Years as on date 01.04.2020

Educational Qualification: 

Basic Qualifications: (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) 

Other qualification (Preferred): Financial Risk Manager (FRM) by GARP Profession Risk Managers by PRMIA PGDBM from NIBM

Post Qualification Experience:

4 Years’ relevant post qualification Risk related work experience in Credit risk and risk modelling in Financial Institutions/ Rating Agencies/ brokerage Firms.

Job Profile: Defining 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 regular basis Defining , effective interest rate(EIR) and the process to be adopted for the investment in the valuation manual. 


Apply Online

Comments