(Notification) Union Bank Specialist Officers (Forex & Treasury) Recruitment 2017

Post Details & Pay Scale :

1. Union Bank of India (herein after called the Bank), a leading listed Public Sector Bank with Head Office in Mumbai and having Pan India, as well as, Overseas presence, invites On-line Applications for recruitment to the following posts in Specialized Segment.

*In addition, Special Allowance, Dearness Allowance and other allowances will be payable as per prevailing rules and regulations in the Bank. Further, the officer will also be eligible for amenities like residential quarters/lease rent in lieu of quarters, LFC, reimbursement of medical/hospitalization expenses and other perquisites as per the policy of the Bank.

** The number of vacancies are tentative and can be changed at sole discretion of the Bank.

Note: The selected candidate can be posted at any Branch / Office of the Bank at sole discretion of the Bank. Hence, the candidates willing to work at any of the Branch / Office of the Bank need only apply.

The reservation in the above noted vacancies** is as under:

Note: This includes backlog vacancies of various reserved categories. The categorywise breakup for the posts will be as per extant Govt. guidelines / Bank’s rules. The Bank reserves its right to interchange the number of reserved vacancies in various categories as per Government Guidelines.

Education Qualification:

POSTCODE 01: 50 Vacancies of Forex Officers (MMGS-II)

Educational Qualifications: Graduate/ Post Graduate degree in any discipline from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.

Note: Preference will be given to candidates having professional qualification like MBA/PG Diploma in Business Management with Specialization in Finance from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. Certificate Course in Foreign Exchange conducted by IIBF.

Post Qualification Work Experience:

Post Qualification Work Experience in Foreign Trade Finance operations in Public/ Private Sector Bank in the capacity of Scale-I and above for a minimum period of two years immediately preceding the cut-off date of application as per this Notification is mandatory.

POSTCODE 02: 50 Vacancies of Integrated Treasury Officers (MMGS-II)

Educational Qualifications: Graduate/Post Graduate Degree with specialization in Finance/Mathematics/ Statistics/Commerce from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies.

Note: Preference will be given to candidates with MBA / PG Diploma in Business Management with specialization in Finance from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies. Literacy in Computer Operations and Word Processing/Computing skills like MS Excel.

Post Qualification Work Experience:

Post Qualification Work Experience in officer cadre in front/Back office of a Treasury in Public/ Private Sector Bank/ Financial Institutions for a minimum period of two years immediately preceding the cut-off date of application as per this Notification is mandatory

Age :

POSTCODE 01: 50 Vacancies of Forex Officers (MMGS-II)

Minimum : 23 years Maximum : 32 years

POSTCODE 02: 50 Vacancies of Integrated Treasury Officers (MMGS-II)

Minimum : 23 years Maximum : 35 years

Method of Selection :

The selection process may comprise of Online Examination / Group Discussion (if conducted) and / or Personal Interview. The Bank reserves the absolute right to decide as to whether to use all or any of these modes for selection for the notified posts. (a) Online Examination / Test:

The structure of the Online Written Examination, if conducted, will be online and will consist of the following tests:

The above tests except the test of English language will be available bilingually i.e. English and Hindi. The Bank also reserves the right to alter the structure of the online examination.

NOTE: The Bank will be analyzing the responses (answers) of individual candidates with other candidates to detect patterns of similarity of right and wrong answers. If in the analytical procedure adopted by the Bank in this regard, it is inferred / concluded that the responses have been shared and the scores obtained are not genuine / valid, the Bank reserves right to cancel the candidature of concerned candidates.

Penalty for wrong Answers: There will be a penalty for wrong answers marked in the online examination. For each question for which a wrong answer has been given by the applicant, one fourth or 25% of the marks assigned to that question will be deducted as penalty to arrive at final score. If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer. If a question is left blank, i.e. no answer is marked by the applicant; there will be no penal mark for that question.

(b) Personal Interview

A Personal Interview of 50 marks shall be conducted to assess the academic & job knowledge, power of expression, clarity of thought, qualities of leadership, extracurricular activities, hobbies, general demeanor, behavior, communication skills, suitability for the post, etc. of the applicant. The minimum qualifying marks for the Personal Interview would be 25 marks (22.5 marks for Reserved Category applicants). The applicants not securing the minimum qualifying marks in the Personal Interview will be disqualified for selection.

How to Apply :   

The candidates can apply only online from 20.12.2017 to 13.01.2018 (both days inclusive) and no other mode of application will be accepted. Prerequisite for applying online: Before applying online, candidates should:

i. Scan their photograph and signature, ensuring that both conform to the required specifications given as Annexure-I with this notification.

ii. Keep the necessary details of Educational Qualification, Post Qualification Work Experience and other personal details handy for entering in the online application.

iii. Create a valid personal email ID, if not already done. The email ID should be kept alive for entire duration of the recruitment process. Under no circumstances, the applicant should share email ID with any other person. Third party email ID is not permitted.

Procedure for applying online:

i. The applicants are required to go to the Bank's website “www.unionbankofindia.co.in” and click on the link "Recruitment" under “Careers” page to access the Recruitment Notification titled "UNION BANK RECRUITMENT PROJECT 2017 - 2018 SPECIALIST OFFICERS (FOREX & TREASURY ) - RECRUITMENT NOTIFICATION”. There will be two links named as (1) Link for Notification (2) Link for Online application. The applicant has to click on first link to download the full notification. The applicant should carefully read and ensure that they fulfill all the eligibility criteria given in the downloaded notification. If the applicant is eligible then he/she may proceed to fill the online application form available as the second link.

ii. The applicants should completely fill up the online application form and upload their photograph and signature, as per the specifications given in the notification under 'Guidelines for Scanning’.

iii. The applicants should very carefully fill in the details in the On-Line Application at appropriate places and click on the “FINAL SUBMIT” button at the end of the Online Application format. Before pressing the “FINAL SUBMIT” button, candidates are advised to verify every field filled in the application as it cannot be changed/altered/corrected after final submission.

iv. The application form is integrated with the payment gateway. The payment can be made by using Debit Cards (RuPay / Visa / Master Card / Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards / Mobile Wallets. v. If the online transaction has been successfully completed, an e-receipt, Registration Number & Password will be generated. The applicants should note their Registration Numbers and Password for future reference.

vi. If the online transaction has not been successfully completed then the candidates are advised to login again with their provisional registration number and password and pay the Application Fees / Intimation Charges online. vii. The applicants are require

Fee Payment :

Category of Applicant Amount Payable*

For GEN & OBC Rs.600.00 (application fees)

For SC/ST/PWD candidates Rs.100.00 (intimation charges)

*The transaction charges, if any, for Online Payment of application fees / intimation charges will have to be borne by the applicant.

Important Date :

Click Here For Official Notification

Click Here To Apply Online

Courtesy: Union Bank