Chief Financial Officer
No of Posts
Rs. 7,50,000/-Per Year
Last Date to Apply
State Bank of India invites Online application from Indian citizen for appointment to the post of “Chief Financial Officer” Candidates are requested to apply Online through the link given on Bank’s website https://bank.sbi/careers or https://www.sbi.co.in/careers.1. The process of Registration is complete only when the fee is deposited with the Bank through Online mode on or before the last date for payment of a fee. 2. Before applying, candidates are requested to ensure that they fulfil the eligibility criteria for the post as on the date of eligibility. 3. Candidates must upload all required documents (brief resume, ID proof, age proof, educational qualification, experience etc.) failing which their application/ candidature will not be considered for shortlisting/ interview. 4. Candidature/ Shortlisting of a candidate will be provisional and will be subject to satisfactory verification of all details/ documents with the originals when a candidate reports for an interview (if called). 5. In case a candidate is called for interview and is found not satisfying the eligibility criteria (Age, Educational Qualification and Experience etc.) he/ she will neither be allowed to appear for the interview nor be entitled to reimbursement of any travelling expenses. 6. Candidates are advised to check Bank’s website https://bank.sbi/careers or https://www.sbi.co.in/careers regularly for details and updates (including the list of shortlisted/ selected candidates). The Call Letter (letter/ advice), where required, will be sent by e-mail only (no hard copy will be sent). 7. ALL REVISIONS/ CORRIGENDUM (IF ANY) WILL BE HOSTED ON THE BANK’S WEBSITE ONLY. 8. In case more than one candidate scores same marks as cut-off marks in the final merit list (common marks at cut-off point), such candidates will be ranked in the merit according to their age in descending order. 9. A hard copy of application & other documents are not required to be sent to this office.
1. Posts: Chief Financial Officer
2. Vacancy: 01
3. Educational Qualification: Basic: Chartered Accountant Preferred: FRM Certification and/ or CFA
4. Post Qualification Work Experience: Minimum 15 years’ post qualification work experience (as on 01.04.2020) in overseeing financial operations, preferably accounting and taxation matters, in banks/ large corporates/ PSUs/ FIs/ financial services organizations, of which 10 years should be in Banks/ FIs (of which five years should be at senior management level).
5. Role & Responsibility: a. Financial reporting (both Solo and Group), SEBI and RBI Compliance related to Financial Reporting: Oversee Statutory Audit function in the Bank and ensure timely completion of the Audit. Reporting to Audit Results as per SEBI requirement. Coordinating with the National Financial Reporting Authority (NFRA) and RBI for auditor related issues. Support head of finance in discharging various requirements as per SEBI guidelines from Financial Reporting perspective. Keep Top Management updated about Profitability, NPA and other related projections. Deal with matters relating to finalization of provisions, reserves and dividend. Deal with all matters relating to Whole Bank Long Form Audit Report (WBLFAR) and related matters thereto. b. Tax Compliance: Optimization of Tax Liability of the Bank. GST and TDS Compliance. c. Accounting Systems: Developing and miniating accounting systems as per the Accounting Standards and RBI Guidelines. Development and Maintenance of Internal Control over Financial Reporting (ICOFR). Implementation of IFRS/IND AS in Bank. d. Management Reporting: Maintaining close coordination with the Financial Control Department for review of the performance of the Circles and of the Whole Bank and other related functions. e. International Banking Activities: Support International Banking Group in compliance with the accounting & tax requirements as per local regulators. f. Business Continuity Plan: Develop and maintain a business continuity plan for the situation which could bring finance functions to a standstill such as COVID 19 pandemic
Age: Maximum Age (as on 01.04.2020): 57 years
i. Before applying for a post, the applicant should ensure that he/ she fulfils the eligibility and other norms mentioned above for that post as on the specified date and that the particulars furnished by him/ her are correct in all respects. ii. Candidates are advised in their own interest to apply online well before the closing date and not to wait till the last date to avoid the possibility of disconnection/inability/ failure to log on to the website on account of heavy load on internet or website jam. SBI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of aforesaid reasons or for any other reason beyond the control of SBI. Candidates belonging to reserved category, for whom no reservation has been mentioned, are free to apply for vacancies announced for unreserved category provided they must fulfil all the eligibility conditions applicable to unreserved category. iii. IN CASE IT IS DETECTED AT ANY STAGE OF RECRUITMENT THAT AN APPLICANT DOES NOT FULFIL THE ELIGIBILITY NORMS AND/ OR THAT HE/ SHE HAS FURNISHED ANY INCORRECT/ FALSE INFORMATION OR HAS SUPPRESSED ANY MATERIAL FACT(S), HIS/ HER CANDIDATURE WILL STAND CANCELLED. IF ANY OF THESE SHORTCOMINGS IS/ ARE DETECTED EVEN AFTER APPOINTMENT, HIS/ HER SERVICES ARE LIABLE TO BE TERMINATED. iv. The applicant should ensure that the application is strictly in accordance with the prescribed format and is properly and completely filled. v. Appointment of selected candidate is subject to his/ her being declared medically fit as per the requirement of the Bank. Such appointment will also be subject to the service and conduct rules of the Bank, for such post, in force at the time of joining the Bank. vi. Candidates are advised to keep their e-mail ID active for receiving communication viz. call letters/ Interview date/ advice etc. vii. The Bank takes no responsibility for any delay in receipt or loss of any communication. viii. In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the appointment. ix. Candidates serving in Govt./ Quasi Govt. offices, PSUs including Nationalised Banks/ Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of the interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid. x. DECISIONS OF BANK IN ALL MATTERS REGARDING ELIGIBILITY, CONDUCT OF INTERVIEW, OTHER TESTS AND SELECTION WOULD BE FINAL AND BINDING ON ALL CANDIDATES. NO REPRESENTATION OR CORRESPONDENCE WILL BE ENTERTAINED BY THE BANK IN THIS REGARD. xi. The applicant shall be liable for civil/ criminal consequences in case the information submitted in his/ her application is found to be false at a later stage. xii. Merely satisfying the eligibility norms does not entitle a candidate to be called for interview. Bank reserves the right to call only the requisite number of candidates for the interview after preliminary screening/ short-listing with reference to the candidate’s qualification, suitability, experience etc. xiii. In case of multiple application, only the last valid (completed) application will be retained and the application fee/ intimation charge paid for other registration will stand forfeited. Multiple appearances by a candidate for a single post in interview will be summarily rejected/ candidature cancelled. xiv. Any legal proceedings in respect of any matter of claim or dispute arising out of this advertisement and/ or an application in response thereto can be instituted only in Mumbai and courts/ tribunals/ forums at Mumbai only shall have sole and exclusive jurisdiction to try any cause/ dispute. xv. Outstation candidates, who may be called for interview after short-listing will be reimbursed the cost of travelling by Air (Economy) for the shortest route in India OR actual travel cost (whichever is lower) based on the actual journey. Local conveyance will not be reimbursed. A candidate, if found ineligible for the post will not be permitted to appear for the interview and will not be reimbursed any fare. xvi. BANK RESERVES RIGHT TO CANCEL THE RECRUITMENT PROCESS ENTIRELY AT ANY STAGE
How To Upload Documents:
Central Recruitment & Promotion Department Corporate Centre, Mumbai
Selection Procedure :
Shortlisting & Interaction.
How to Apply :
i. Candidates will be required to register themselves online through the link available on SBI website https://bank.sbi/careers OR https://www.sbi.co.in/careers and pay the application fee using Internet Banking/ Debit Card/ Credit Card etc. ii. After registering online, the candidates are advised to take a printout of the system generated online application forms. iii. Candidates should first scan their latest photograph and signature. The online application will not be completed unless the candidate uploads his/ her photo and signature as per the guidelines specified under ‘How to Upload Document”. iv. Candidates should fill the ‘application form’ carefully and submit the same after filling it completely. In case a candidate is not able to fill the application in one go, he/ she can save the partly filled ‘Form’. On doing this, a provisional registration number & password is generated by the system and displayed on the screen. Candidate should carefully note down the registration number & password. The partly filled & saved application form can be re-opened using registration number & password where-after the particulars can be edited if needed. This facility of editing the saved information will be available for three times only. Once the application is filled completely, the candidate should submit the application form and proceed for online payment of a fee. Online Registration Of Application & Payment Of Fees: From 09.06.2020 To 23.06.2020.