551 Specialist Officers positions in Indian Overseas Bank (IOB) 2012

Indian Overseas Bank (IOB) is based in Chennai  with more than 2650 branches and 2 extension counters. It has an ISO certified in-house information Technology department.IOB also has a network of about 1433 ATMs all over India and IOB's International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks. The net profit for the year ended March 31,2012 stood at Rs 1,050.13 crore. Total income stood at Rs 19,578.13 crore as against Rs 13,326.56 crore registered during the same period last financial year.

Indian  Overseas  Bank inviting applicants from Indian Citizens for recruitment of 551 Vacancies for various Specialist Officers positions.

Details of the posts:

                                  TOP MANAGEMENT GRADE (TMG SCALE VI)

1.Risk Management - - 1 post

Educational qualifications required for this job is Post Graduate with CAIIB/MBA/ CFA with specialization in Risk Management/ Chartered Accountant with qualification in Risk management.Familiarity with quantitative techniques is desirable.

Experience required for this job is Minimum 12 years in banking operations with a healthy mix of branch and corporate office exposure of which at least 3 years as Assistant General Manager in Risk Management / Treasury/Balance Sheet Management. Experience in RDBMS/Data Warehousing / Business Intelligence would be preferred.

2.Integrated Treasury Management - - 1 post

Educational qualifications required for this job is Post graduate with CAIIB/ MBA (Finance)with specialization in Treasury Operations, CA with qualifications in Treasury Management. Additional qualifications in Treasury Management of IIBF, or like institutions will be desirable.

Experience required for this job is Minimum 12 years in banking operations with a healthy mix of branch and corporate office exposure of which at least 3 years experience in actively managing a treasury of a medium sized bank with domestic and foreign currency assets of Rs 40000 Cr above in capacity not below the rank of AGM.

3.Information Technology - - 1 post

Educational qualifications required for this job is Post Graduate in Science with CAIIB/Graduate or Postgraduate in Engineering.

Experience required for this job is Minimum 12 years experience in a Bank, Of which at least 3 years as AGM IT. Hands on experience or at least conceptual skills in networking, RDBMS is necessary.

4.Cash Management – Transaction Banking - - 1 post

Educational qualifications required for this job is Post graduate with CAIIB/ MBA (Finance/Marketing).

Experience required for this job is Minimum 12 years in banking operations with a healthy mix of branch and corporate office exposure of which at least 3 years as Assistant General Manager in Transaction Banking/ Cash  Management Services. Experience/ Knowledge in Computer Operations would be preferred.

Age required for the above jobs are applicant not exceeding 50 years as on Ist May 2012.

                                  

                               SENIOR MANAGEMENT GRADE (SMG SCALE V)

5.Risk Management - - 2 posts

Educational qualifications required for this job is Post Graduate with CAIIB/MBA/ CFA with specialization in Risk Management/ Chartered Accountant with qualification in Risk management. Familiarity with quantitative techniques is desirable

Experience required for this job is Minimum 10 years in banking operations with a healthy mix of branch and corporate office exposure of which at least 3 years (in the recent past) in Risk Management / Treasury/ Balance Sheet Management. Experience in RDBMS/Data Warehousing / Business Intelligence would be preferred. The applicant must be in Senior Management (SM IV/ SM V) for at least 3 years.

6.Information Technology - MIS - -1 posts

Educational qualifications required for this job is Post Graduate with CAIIB/MBA/ CFA with specialization in Risk Management/ Chartered Accountant with qualification in Risk management. Familiarity with quantitative techniques is desirable.

Experience required for this job is Minimum 10 years experience in a Bank and corporate office exposure of which at least 3 years in Senior Management Scale IV handling MIS portfolio - maintaining availability, continuity and security of data of the Bank.

7.Media Officers - - 1 posts

Educational qualifications required for this job is  Master/Bachelor’s Degree in Mass Communications/ Journalism/Media from a University recognized by Govt. of India.

Experience required for this job is Minimum of 5 years of post qualification work experience in Public Relations or Media or related field. Corporate office exposure of at least 3 years in Officer position in some Public Sector Undertakings (PSUs) / Public Sector Banks (PSBs) would be preferred.

Age required for the above jobs are applicant's age must be between 30 to 45 years as on Ist May 2012.

                                     SENIOR MANAGEMENT GRADE (SMG SCALE IV)

8.Chief Economist - - 1 post

Educational qualifications required for this job is Post Graduate in Economics with a minimum of 55% marks from a recognized University/Institution. M.Phil./ Ph.d. will be treated as additional qualification.

Experience required for this job is A minimum of 7 years experience in the field of economic research of which at least 4 years as economist in a middle management position in a bank.

Age required for the above jobs are applicant's age must not be exceed 40 years

                                       
                                       MIDDLE MANAGEMENT GRADE (MMG SCALE III)

9.Economist - - 4 posts

Educational qualifications required for this job is Post Graduate in Economics with a minimum of 55% marks from a recognized University/Institution. M.Phil./ Ph.d. will be treated as additional qualification.

Experience required for this job is A minimum of 5 years experience in the field of economic research of which at least 2 years as economist in a middle management position in a bank.

Age required for the above jobs are applicant's age must not be exceed 35 years

                                          
                                         MIDDLE MANAGEMENT GRADE (MMG SCALE II)

10.Manager-Security Officers (Manager - Security Officer 9 + Manager - Fire Officer 1=10)  -10

Educational qualifications required for this job is Graduate or its equivalent qualification from a University/Institute recognized by Govt. of India.

Experience required for this job is An Officer with minimum 5 Years of Commissioned service in Army/Navy/Air Force or a Police Officer not below the rank of Assistant Superintendent of Police/deputy Superintendent of Police with 5 Years of Service or an officer of identical rank in Paramilitary Force with 5 Years Experience

Age required for the above jobs are applicant's age must be between 21 to 45 years as on Ist May 2012.

11.Manager Fire Officer  - -1 post

Educational qualifications required for this job is  B.E. in Fire Engineering from National Fire services College, Nagpur

or

Graduate from a University/Institute recognized by Govt. of India with Sub officer Course from National Fire Service College, Nagpur And Possessing Knowledge of Mandatory requirements of providing fire protection and prevention in high rise business buildings as per National Building Code and Bureau of Indian Standards

Experience required for this is Minimum 2 Years experience as officer in a Fire Station of State Services.

12.Manager-Chartered Accountants - - 25  posts

Educational qualifications required for this job is 65% or its equivalent grade in Graduation and 55% in CA.

Experience required for this is 3 Years Experience in Scheduled Commercial Bank preferably with special reference to handling of corporate taxation/ or Minimum 2-3 Years experience in Scheduled Commercial Bank in Treasury Operations/Risk Management/Audit Functions.

Age required for the above jobs are applicant's age must be between 21 to 32 years as on Ist May 2012.

13.Manager-Company Secretary - -1 post

Educational qualifications required for this job is Graduate from a University/Institute recognized by Govt. of India & 65% marks in ACS or its equivalent.

Experience required for this is Minimum 2-3 Years experience in Scheduled Commercial Bank. Should Possess sound knowledge of handling Accounts/Company Secretary function. Age required for the above jobs are applicant's age must be between 21 to 30 years as on Ist May 2012.

14.Manager-Electrical Engineer - -1 post

Educational qualifications required for this job is Graduate in Electrical Engineering (B.E/B.Tech) with60% Marks or its equivalent from a University/Institute recognized by Govt. of India.

Experience required for this is Minimum of 2 years post qualification experience in the maintenance of Electrical Substation of 2500KVA Transformer capacity and above, Electrical Distribution System in Multistory Building and possessing valid Electrical Supervisors Certificate of Competency issued by Electrical Licensing Board, Govt. Of Tamil Nadu Age required for the above jobs are applicant's age must be between 21 to 35 years as on Ist May 2012.

15.Manager-Printing Technologist  - 1 post

Educational qualifications required for this job is  Graduate from a University/Institute recognized by Govt. of India and Technical: Diploma in Printing Technology with special knowledge of photo lithography from University/Institute recognized by Government of India.

Experience required for this is Minimum of Minimum of 5 Years practical experience in supervisory capacity of working in printing press/publishing house.

Age required for the above jobs are applicant's age must be between 21 to 30 years as on Ist May 2012.

16.Credit Officers - -500 posts

Educational qualifications required for this job is  60% or its equivalent grade in Graduation and CA/ICWA/CFA/MBA with specialization in Finance from a University/Institute recognized by Govt. of India. CAIIB/Diploma in Banking and Finance by IIBF, formal credit training at a scheduled commercial bank will be preferred.

Experience required for this is 3 years post qualification experience in Scheduled Commercial Bank preferably with special reference to handling of credit processing as an officer and should have sound knowledge of Banking industry and Financial markets.

Age required for the above jobs are applicant's age must be between 21 to 30 years as on Ist May 2012.

Relaxation in upper age limit:

For Scheduled Caste/ Scheduled Tribe Candidates  - -5 years

For Other Backward Classes Candidates - -  3 years

For Physically Challenged Category candidates - - 10 years

For Persons domiciled in Kashmir Division of Jammu & Kashmir State during the period from 01.01.1980 to 31.12.1989 - -  5 years

For Ex-servicemen commissioned Officers, including ECOs/ SSCOs, who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within 12 months from the date prescribed for opening of online registration) otherwise than by

way of dismissal or discharge on account of misconduct or inefficiency or on account of physical disability attributable to military service or on invalidment. - - 3 years in addition to number of years of service in Defence Forces subject to a maximum of 50 years(in case of selection only through interview)

5 years (in case of selection through Written Test and interview).

Selection procedure:

All eligible candidates should apply online within the last date of registering the applications. Eligible candidates will be considered for selection process as under:

For posts  1 to 7 and 10 to 14 is defends on Group Discussion and/or an Interview.

For Posts 8 and 9 is brief written test on the day of the interview followed by a Group Discussion and/or an Interview.

For Post 15. Written Test and Interview.

Written Examination Centres:

The written examination will be held at the following centres and the address of the venue will be advised in the call letters: Chennai, Hyderabad, Bangalore, Mumbai, Delhi and Kolkata.

Application Fee:

For SC/ST/Physically challenged Rs.50/- only and for all other candidates Rs.300/-.

How to apply:

Eligible candidates are required to apply 'ONLINE' only through our website www.iob.in and no other means/mode of application will be acceptable. Candidates are advised to follow the following sequence of steps while applying online.               

Candidates are required to Log on to our Bank’s website www.iob.in and click “Careers” column(available at the bottom of the bank’s website), then the Careers page will open.

Candidates are required to go through the detailed advertisement by clicking the “Advertisement(English)” or “Advertisement (Hindi)” available under the title Recruitment of Specialist Officers – 2012 in the Careers Page and ensure candidate’s eligibility to apply for the said post.

Applicants are required to take a print out of blank “Payment Receipt/ Challan” available as an Annexure to this notification.

A system generated printed application form (online) for the respective post applied, complete in all respects and with the documents specified therein should be mailed only by ordinary post in a closed envelope super-scribed “APPLICATION FOR POST OF __________________________ (POST CODE- ____) IN INDIAN OVERSEAS BANK”, to reach the prescribed address on or before the last dates specified for receipt of the same:

INDIAN OVERSEAS BANK

SPECIALIST OFFICER RECRUITMENT PROJECT – 2012

Human Resources Development Department

Central Office, No. 763, Anna Salai, Chennai – 600002

The complete set of documents should reach us on or before 19.06.2012 at the address given above. For

candidates staying abroad and for those posting application from Andaman & Nicobar Islands,

Lakshadweep, Assam, Megalaya, Arunachal Pradesh, Mizoram, Manipur, Nagaland, Tripura, Sikkim, Ladakh Division of J & K State, Lahaul and Spiti district and Pangi Sub division of Chamba District Himachal Pradesh, the last date for receipt of applications will be 26.06.2012.

Important Dates:

Opening Date For Online Registration  - -29.05.2012

Closing Date For Online Registration (for all applicants including those from far flung area) - - 12.06.2012

Payment Of Application Fee/ Postage Charge (for all applicants including those from far flung area) - - 29.05.2012 to 12.06.2012.

Last date for receipt of system generated print–out of registered application along with payment

challan and other documents (Post Codes 1-14)- - 19.06.2012

Last date for receipt of system generated print–out of registered application along with payment

challan and other documents (from far flung areas – See Clause 8.A.b ) (Post Codes 1-14) - -26.06.2012

Tentative Date of Written Examination (Only for Post Code 15) - -29.07.2012