South Indian Bank Invites Application for Officer/ Executive Recruitment 2021

Vacancy Circular No:

South Indian Bank (SIB)
invites applications for recruitment of Officer/ Executive

Officer/ Executive

Number of Vacancy: 1 Posts

Educational Qualification: Any Post Graduate

The South Indian Bank Ltd., a Premier Scheduled Commercial Bank in India, invites applications from Indian Nationals for various roles in Retail Banking Department

1. Name of the Post: Officer/ Executive

2. Scale of Appointment: 

a) Scale IV/V (IBA/Contract Package)

b) Scale IV/V (IBA/Contract Package)

c) Scale III/IV (IBA Package)

3. Posting: Mumbai, Ernakulam

4. Work Experience: 8 years to 15 years

5. Educational Qualification: 60% in PostGraduation from a recognized University

6. Probation Period: 1 year (in case of IBA Package)

7. Compensation: Compensation shall be fixed by the management based on the knowledge and experience of the applicant. Will be eligible for Performance Linked Incentives (PLI) based on performance review on the terms and conditions of the Board approved Performance Linked Incentive Scheme for the respective financial years. All other benefits will be as applicable to the Scale in which the applicants are recruited.

8. Job Description/ Core Competencies: 

a) Post Graduate in any discipline, preferably in Sales and Management.

b) Accountable for delivering results in a single area of operations – CASA. Deliver innovative product, service, and solutions that facilitate building quality retail liability book growth and cater to various customer segments through the branch network, digital platform, and acquisition channel consistently.

c) Develop and present Liability Product strategy to grow the book- Develop strategy to acquire current accounts for various businesses, TASC, and other segments present in the market. Assess the current market condition and relevance of existing products to the market. Design complementing portfolio rationalization strategies and initiatives to increase fee, float & profitability for the Liability product offerings. Collaborate with RH/CH/Marketing team to arrive at apt campaigns to drive the CASA acquisition.

d) Market Penetration through new product delivery- Conceptualization / Ideation of new liability product offerings vis-a-vis the market dynamics & the competition offerings. Design and develop new and innovative products that meet the customer expectations. Identify segment-wise opportunity to increase the unique customer base like corporate salary, student, senior citizen, Minor account acquisition, etc. Drive the teams to develop Standard Operating Processes related to sales, service, and operation of new products across channels and delivery platforms

e) Product Management- Review the existing products in terms of customer base, value base, additional attributes that create high wallet share and longterm relationship with the customer. Create in coordination with the marketing team to bring out the unique selling proposition and sales pitch for the branch banking staff. Collaborate and design the collateral, materials, forms, and formats relevant to acquire and serve the customer for the new product variants wherever necessary.

f) Product Profitability- Deliver product profitability as per budget, review the same at quarterly intervals during the first year of launch. Champion the process of attrition control at the customer level and the wallet share to deliver a consistent product portfolio for all managed products. Maximize direct product sales on the acquired/existing customer base (assets, liabilities, cards, fee-based) and agree on a notional transfer pricing to support the product profitability.

g) Regulatory Compliance- Maintain formal and informal contacts with stakeholders like other Regulatory bodies & authorities in India to keep track of market trends and trade practices that impact financial goals. Stay abreast with the regulatory changes in the product norms and find innovative ways to implementing the same without disturbing the customer/branch to meet the guidelines.