Total 4 job vacancies by State Bank Of India

Company Profile

State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank. SBI Singapore (SBIS) has 5 retail branches, 19 SBIS ATMs and over 200 ATMs via the shared island wide ATM5 network.

SBIS has a suite of retail banking products which complement its existing corporate banking products thus enabling us to service both individual and corporate customers. In Commercial and wholesale banking, our areas of operation include ASEAN, South East Asia and South Asia.

SBIS leverages on its extensive international network of branches to offer a wide range of Import/Export Trade Finance Services, in both Singapore Dollar and foreign currencies to facilitate the business needs of customers.

Responsibilities
Daily rollover of loans:

• Rollover tickets (accounts allocated as on date)
• Preparation of Funds Positioning sheet (daily)
• To record in the relevant Borrower’s loan register the loan rollover details
• To record transaction in the Loan register
• Checking interest / instalment debit in Nostro, if not to check with systems or pass the necessary entries to rectify the error
• Change interest rates and rollover details in Finacle
• To check if correct interest / instalment has been received in the Nostro statement, if not to follow up with Borrower or Agent through mail or telephone accordingly. To record in register if funds received
• To prepare advice to Borrower for next rollover period
• For loans as the Agent or Nodal Branch, to prepare all of above and also prepare interest / instalment payments (MT202) and all relevant advices to participants

Disbursements (both new and existing)

• In Finacle: setting of limits, creation of loan account, disbursement of loan
• Assisting Credit officers in preparation of approval note for disbursement to SVP(CA) /CEO
• Assisting Credit Officers in sending confirmation messages to Agent banks on disbursements
• To prepare Financial payment messages (MT103/MT202) and other non-financial messages (MT199/MT299/MT999) through Finacle.
• For loans as the Agent or Nodal Branch, prepare all relevant advices to participants.

Others

• Preparation of advices to Borrowers or participating Lenders for disbursements, rollovers and all loan operation matters
• Assisting Credit Officers in follow up on payment i.e. sending reminders and calling Borrowers
• Recording all system postings made and advices sent in relevant backup registers
• Preparation and posting of all other loan related payments (fees, remittances, expenses, current account maintenance)
• Posting and recording of various fees and payments due upon receipt and checking if proper
• Data extraction for various reports/returns to be submitted within the branch, IBG, MAS and Auditors.
• Filing of relevant documents in respective Borrower’s files
• Opening of new credit files when necessary
• Packing files to warehouse
• Preparation of audit confirmations requested by Auditors and Borrowers
• Maintenance of Drawing Power for loan accounts in system
• CCDP/CISLA data checking. Checking MIS site
• MAS 610 Data checking
• Generating Country Risk return and checking
• Checker of daily transactions in Finacle
• Interest Test check
• Assisting the Credit officer in checking correctness of data in calculating branch ECL figures.

Perform any other duties assigned by supervisors to support operational requirements.

Requirements:

• Diploma or Degree in Banking & Finance, Business Administration or a related discipline
• Minimum 2 years of relevant work experience
• Proficient in Microsoft Office applications (Outlook, Excel, Word & PowerPoint)
• Detailed-oriented and meticulous
• Strong written and verbal communication skills
• Able to commit to the full 4-6 months contract period

Responsible for all counter transactions at the branch and to be able to process them with accuracy and actively refer leads to the Sales team.

Responsibilities

Counter Transactions

• Handle various types of counter transactions/customer applications (cash and cheque deposits, cash withdrawals, draft applications, loan payments, etc.)
• Able to handle cash including foreign currency and travellers’ cheques (checking for authenticity, etc.)
• Receives cash and cheques for remittance overseas or to other banks, verify amount and check accuracy of remittance slips
• Register new customers and set up new accounts for them
• Perform daily balancing of cash and cheques accurately
• Perform GL entries and balancing
• Filing and batching transaction entries
• Explain, upsell and cross-sell the Bank's products and services (Excluding Financial Advisory)
• Effectively address customer service issues and/or escalate to appropriate person promptly
• Pro-actively identify opportunities and provide feedback to Branch Manager for improvements
• Aware of all KYC/CDD procedures and AML guidelines
• Supporting, contributing, promoting and driving technology initiatives like Internet applications, mobile applications, etc towards promoting customer convenience and service excellence

Customer Service Responsibilities

• Act as the service ambassador for the branch. Smile and greet walk-in customers
• Equipped to handle walk in and phone enquiries
• Making sale referrals to Relationship Managers

Logistics Management

• Responsible for the upkeep of the branch
• Responsible for all stationery and logistics requisition for the branch
• Maintaining sufficient stocks such as brochures, flyers, application forms at branch

Job Requirements

• Diploma holders and above
• At least 3 years of experience in a similar role
• Experience in cash handling and over the counter banking transactions
• Experience in backroom processing will be an advantage
• An eye for details and able to work with a high degree of accuracy
• A strong presence of mind to handle contingencies
• Strong interpersonal skills
• Branch's Operating Hours: Mon to Fri (10am to 5pm); Sat (9.30am to 12.30pm) hours); Sun & PH - Closed

Job Description

• Generation and sourcing of business leads for the branch andto achieve the budgeted growth in advance and income level by active marketing.
• Attend road shows arranged for various companies (both IndiaBased and Local entities), subsequent follow up with other MLABs andparticipants related to syndicated loans.
• Preliminary scrutiny of credit proposal based on dealdetails.
• Responsible for preparation of appraisal memorandum of aborrower entity.
• Classification of various items of P&L, balance sheet ofthe borrowing entities as per Bank’s instructions and the applicable accountingstandards and preparation of CMA
• Analyze financial statements and credit profile includingindustry and management parameters to determine the degree of risk involved inextending credit or lending money
• Preparation of credit applications and annual credit reviewsinvolving in-depth analysis of customer's financial standing, industry review,business outlook, risks and opportunities.
• Collation of data on the company and its rating and opinionreports.
• Compare liquidity, profitability, and credit histories ofestablishments in the same industries and geographic locations
• Analyze and provide input on loan policy issues and creditstructures, ensuring that the final credit proposal to be presented is mutuallyacceptable
• Appraise, process loan deals emanating through origination,participation, and sub participation, secondary market deals - for sanction byrespective authority.
• Credit Risk Assessment borrower wise/guarantor-wise andfacility wise to ensure correct classification of financial data.
• Carrying out timely annual review /Renewal of loans
• Recommend for amendments in the Facility terms as sought bythe borrower(s) and /or other banks in accordance with laid down norms.
• Draft Sanction Letter to the Borrower or Commitment Letterto MLAB
• Attending to Internal and External Audits including ourInspection & Audit Department (IAD), and ensuring their timelyremarks/compliances
• Carry out the KYC due diligence on the borrower, directors,other officials as required by the KYC policy of SBI Singapore.
• Monitoring the collection, distribution and sharing of feeamongst various stakeholders.
• Prepare and submit control report and Action Taken Report onthe observations/ conditions, stipulated by the sanctioning/reviewing authority
• Preparation of Reports/ Slides for Review of Performance andother meetings, Submission of data.
• Liaise with Treasury / Accounts / Finance / Credit admin /Risk Management team to get regular updates on reference rates, cost of funds, yields, exposure levels, sectoral outlook.
• Preparing industry studies to improve knowledge of specific markets and industries.
• Formulation and implementation of Branch's loan policy, Policy on sustainable loans with regular updates / modifications.

Job Requirements:

• Qualification Bachelor's Degree or equivalent, preference will be given to those who have done courses related to Banking and Credit.
• Continuous Banking experience of 6-7 years, out of which should be having minimum 2 years’ experience in field of Commercial Credit.
• Strong understanding of Balance Sheet/ Financial Statements Analysis.
• Strong understanding of financial compliance.
• Sound knowledge of banking systems/ processes/ procedures.
• Sound Knowledge of banking/ financial products.
• Excellent customer focused mind-set.
• Good management skills and analytical mindset one who caneffectively analyse a situation and make decisions to address issues/problem.
• Excellent communication and inter personal skills withthe ability to interact with all levels of staff and top management
• Sound knowledge of Microsoft applications :Excel/Word/PowerPoint

Company Profile

State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank. SBI Singapore (SBIS) has 5 retail branches, 19 SBIS ATMs and over 200 ATMs via the shared island wide ATM5 network.

SBIS has a suite of retail banking products which complement its existing corporate banking products thus enabling us to service both individual and corporate customers. In Commercial and wholesale banking, our areas of operation include ASEAN, South East Asia and South Asia.

SBIS leverages on its extensive international network of branches to offer a wide range of Import/Export Trade Finance Services, in both Singapore Dollar and foreign currencies to facilitate the business needs of customers.

Responsibilities

Sales & Advisory

• Market a range of retail banking and investment products.
• Upsell and cross-sell the Bank's suite of products and services.
• Offer advisory service recommending suitable wealth management products for potential customers.
• Knowledge of internal policies and procedures to effectively manage the sales cycle and facilitate operational execution of transactions.
• Report sales activities and results to the management on a regular and prompt manner.
• Competent on all KYC/CDD procedures, AML guidelines and all other regulatory guidelines governing the Sales & Advisory process.
• With the cues from customer feedback, pro-actively identify opportunities and provide feedback for improvements in all areas including product & service offering, sales process or operations.
• Supporting, contributing, promoting and driving technology initiatives like Internet applications, mobile applications, etc towards promoting customer convenience and service excellence.

Customer Relationship Management

• Take ownership to respond for all customer issues and navigate internally to address issues promptly and/or escalate to relevant authorities promptly.
• To act as a single point of contact for all customers under handling.

Operational Efficiency

• Be responsible for 100% accuracy on the various forms submitted to Operations or to Partners for execution.
• Jointly responsible for the upkeep of the branch aesthetics as per the Corporate Identity guidelines.

Requirements

• Bachelor's Degree or equivalent; preferably in Banking, Insurance & Financial Services.
• Preference will be given to MBAs/Executive MBAs.
• Proficiency in Indian dialects (Hindi/ Tamil) will be an added advantage as the role requires frequent interaction with Indian customers/ stakeholders.
• Minimum of 1-2 years of experience in sales and financial products and services.
• CMFAS certified required - M5, M8, M8A, M9, M9A, HI, BCP, PGI.
• Excellent customer focused mindset and strong interpersonal skills.
• Sound knowledge of banking, wealth management and insurance products.
• Strong understanding of financial compliance and regulatory requirements in Singapore.