(Jobs) Recruitment of Forex Specialists on Contract at SIDBI - 2016

SIDBI, designated Authorized Dealer- Category-III in Foreign Exchange, is undertaking various Forex Operations viz. Trade Finance, Foreign Currency Term Loan, etc. With a view to enhance avenues in business of MSMEs and to play a leading role in facilitating those to access foreign markets, SIDBI plans to upscale the current operations by 100% in next 3 years and expand the range of risk management products to be made available to its customers as well as explore various revenue channels. The overview of the positions is given below

Post Details:

Name of the Post:

• Chief Treasury Officer (Forex)
• Treasury Officer (Forex)
• Deputy Treasury Officer (Forex)

Total No of Posts: 3

Remuneration

• The remuneration of Chief Treasury Officer (Forex) would be `30.00 lakh approx, negotiable (including variable component) for the first year with annual increase based on satisfactory performance and recommendation of the Vertical.
• The remuneration of Treasury Officer (Forex) would be `20.00 lakh approx, negotiable (including variable component) and that of Deputy Treasury Officer (Forex) would be `16.00 lakh approx, negotiable (including variable component) for the first year with annual increase based on satisfactory performance and recommendation of the Vertical.
• The remuneration of the variable component would be based on the deliverables/targets which would be decided by the Vertical. The variable component shall be payable yearly. Besides the compensation indicated above, the candidate shall be eligible only for reimbursement of expenses incurred on official tours, if any, will be as per the entitlement decided by the Bank.
• Eligibility of Halting allowance/eligibility for travel & staying in hotel, etc, as may be required while on official duty, will be as per the entitlement decided by the Bank.
• Except foregoing, the candidate will not be eligible for any other remuneration.
• Bank shall reserve the right to modify the above package upward or downward, based on the merits of the candidate and existing market trends. The decision in of Bank in this regard shall be final and binding on successful candidate.

Place of Posting : The Forex Specialists will be posted in the Treasury and Fund Management Vertical of the Bank’s Office in Mumbai. They will also be liable for transfer to any place in India as the Bank may decide from time to time without payment of any allowance other than admissible travelling allowance.

Educational Qualification

• Chief Treasury Officer (Forex) - Graduation with minimum 60% marks in aggregate or Ist Class from a recognized University. Candidates with 2 years full time Masters Degree in Finance/ Banking/ Treasury/ International Trade or CA or ICWA or CFA (USA) or FRM will be preferred.

• Treasury Officer (Forex)- Graduation from a recognized University along with 2 years full time Masters Degree in Finance/ Banking/ Treasury/ International Trade or CA or ICWA or CFA (USA) or FRM with minimum 60% marks in aggregate or Ist Class in Graduate/Post Graduate.

• Deputy Treasury Officer (Forex)- Graduation from a recognized University along with 2 years full time Masters Degree in Finance/ Banking/ Treasury/ International Trade or CA or ICWA or CFA (USA) or FRM with minimum 60% marks in aggregate or Ist Class in Graduate/Post Graduate.

Period of Contract

i. The contract of engagement of Chief Treasury Officer (Forex) would initially be for a period of three years. The contract will be reviewed at the end of third year. On such review, if the performance of the Forex Specialist is found to be satisfactory and if Bank requires the services for further period of time, the contract may be renewed for a further period of up to two years.

ii. The contract of engagement of Treasury Officer (Forex) and Deputy Treasury Officer (Forex) would initially be for a period of five years. The contract will be reviewed at the end of contract period. On such review, if the performance of the Forex Specialist is found to be satisfactory and if Bank requires the services for further period of time, the contract may be renewed for a further period of up to five years. There shall be no obligation on the part of the Bank either to renew the contract at the end of contract period or to issue a formal order of termination of contract. The contract will come to an end automatically on completion of the contract period.

Age limit

Not below 40 years and not exceeding 55 years. (Candidates born not earlier than 06.12.1961 and not later than 05.12.1976 [both days including] are only eligible to apply.

Not below 33 years and not exceeding 39 years. (Candidates born not earlier than 06.12.1977 and not later than 05.12.1983 [both days including] are only eligible to apply

Not below 24 years and not exceeding 32 years. (Candidates born not earlier than 06.12.1984 and not later than 05.12.1992 [both days including] are only eligible to apply.

Application Fees

500/- (Rupees Five hundred only)

HOW TO APPLY

Candidates can apply online only from SIDBI’s website and no other mode of application will be accepted.

Pre-Requisites for Applying Online

Before applying online, candidates should :-

(i) Scan their photograph and signature ensuring that both the photograph and signature adhere to the required specifications as given in Guidelines for Scanning and Upload of Photograph and Signature below.
(ii) Keep the necessary details/documents for Online Payment of the requisite application fee/ intimation charges ready.
(iii) Have a valid personal email ID, which should be kept active at least till the declaration of results. SIDBI will send intimation to download call letters for Interview on this e-mail ID only. Under no circumstances, a candidate should share with/mention e-mail ID to / of any other person. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID before applying on-line and must maintain that email account.

Important Dates:

Click Here for Official Notification

Click Here to Apply Online

Courtesy: SIDBI