Economist

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ENGAGEMENT OF SPECIALIST CADRE OFFICER ON CONTRACTUAL BASIS

(ADVERTISEMENT NO: CRPD/SCO/2024-25/13)

ONLINE REGISTRATION OF APPLICATION & PAYMENT OF FEES: FROM 17.07.2024 TO 06.08.2024

Total Vacancies : - 02

Age# (As on 01.06.2024) : - 22-28 Years

Contract Period : - 1 years

Nature of Engagement (Comparable Scale) : - Contractual Engagement (JMGS I)

Selection P rocedure : - Shortlisting and interaction

Educational Qualification (As on 01/06/2024) : -

A masters degree in Economics / Econometrics / Statistics / Applied Statistics / Mathematical Statistics / Mathematical Economics / Financial Economics, with a minimum of 60% marks or an equivalent grade from a recognized university/institute of repute. In case final certificate/marksheet is having CGPA or similar grading then Candidate have to bring conversion from CGPA to Per centage in Ori ginal fro m Uni versity.
Any higher qualifications like PhD in Economics / Banking / Finance / Statistics / Mathematics will be given preference.
Post-Qualification Experience (As on 01/06/2024) : -

No prior experience is required. However, the following skills is desirable:

Excellent communication and writing skills.
Exposure in Machine Learning, Data Analytics, Big Data etc.
is considered a definite advantage.
Knowledge of Statistical/Analytical Package like STATA, SAS, E-views, R etc. is mandatory.
Knowledge in Mathematical/Statistical Model Building is mandatory.
Knowledge of Databases like Bloomberg, Reuters, CEIC is desirable.
Job Profile : -

Undertaking collection, compilation, analysis, and interpretation of data from various sources and performing statistical analysis involving Modern Statistical/Econometric models, empirical testing of data etc.
Undertaking conceptual and methodological studies on various types of statistics relating to money and banking, prices, saving and investment, national accounts, index numbers etc.
Designing and organizing of large-scale sample surveys etc. and analyzing it.
Macro-econometric Model Building for Forecasting Economic and banking indicators etc. > Contributing to Research Publications.
Key Responsibility Areas : -

Publication of Eco wraps as a primary Role.
Preparation of Articles/Speeches/Background Papers for Chairman and Top Management.
Support to Other SBI Departments (like SBI Annual Budget/Chairman Policy Guidelines/Q&A for SBI Results/Inputs for Capital Raising Exercise etc.).
Preparing feedback/opinion for RBI/Government/ IBA, etc.
Provide inputs & Prepares Background Papers for Chairman & Top Management, GCEA on various issues relating to Banking & Economy, representing SBI as industry voices.
Publication of co-authored / self-research articles on subjects of mutual interest. This must be adequate in number and in refereed journal. Representing SBI in different platforms
REMUNERATION : -

Up-to Rs 18.00 Lakhs annually. Annual CTC, which is negotiable, will depend upon Experience & Current Emoluments of candidates in the present employment and place of posting, if any. The CTC comprises 80% fixed and 20% variable pay.
1. The process of Registration is complete only when fee is deposited with the Bank through Online mode on or before the last date for payment of 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 are required to upload all required documents (resume, ID proof, age proof, PwBD Certificate (if applicable), educational qualification, experience etc.) failing which their application/candidature will not be considered for shortlisting/ interview.

4. Short listing will be provisional without verification of documents. Candidature will be subject to verification of all details/ documents with the original when a candidate reports for 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 for reimbursement of any travelling expenses.

6. Candidates are advised to check Banks website https://bank.sbi/careers regularly for details and updates (including the list of shortlisted/ selected candidates). The Call (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. Hard copy of application & other documents not to be sent to this office.

IMPORTANT POINTS : -

i) The position of Economist shall remain in Specialist cadre and on Contractual basis.

ii) The number of vacancies including reserved vacancies mentioned above are provisional and may vary according to the actual requirement of the Bank.

iii) The educational qualification prescribed for the above post is minimum. Candidate must possess the qualification as on specified cut-off date.

iv) Candidate belonging to reserved category including Person with Benchmark Disabilities for whom no reservation has been mentioned are free to apply for vacancies announced for Unreserved category provided, they fulfil all the eligibility criteria applicable to Unreserved Category.

v) The reservation under PwBD category will be as per prevailing Government Guidelines.

vi) PwBD candidate should produce a certificate issued by a competent authority as per the Government of India Guidelines.

vii) Reservation for PwBD candidates is horizontal and is included in the vacancy of the respective parent category.

viii) The relevant experience certificate from employer must contain specifically that the candidate had experience in that related field as required.

ix) In case where the certificate of Degree/ Post graduation/ Professional qualification/ Diploma does not specify the field of specialization, the candidate will have to produce a certificate from the concerned university/ institute/ college specifically mentioning the specialization.

x) Bank reserves the right to cancel the recruitment process entirely at any stage.

xi) Maximum age indicated is for Unreserved category candidates. Relaxation in upper age limit will be available to PwBD-VI category candidates as per Govt. of India guidelines (wherever applicable).

xii) Only those persons with benchmark disabilities would be eligible for reservation under PwBD category. “Benchmark disability” means a person with not less than 40% of a specified disability where specified disability has not been defined in measurable terms and includes the persons with disability, where disability has been defined in a measurable term, as certified by the certifying authority. Backlog vacancies reserved for PwBD would be filled by a person with benchmark disability in the respective category. If no suitable person from that category is available, such backlog would be filled up by interchange among other eligible PwBD candidates subject to the posts having been identified suitable for such disabilities.

xiii) TRANSFER POLICY: THE BANK RESERVES THE RIGHT TO TRANSFER THE SERVICES OF SUCH OFFICERS TO ANY OF THE OFFICES OF STATE BANK OF INDIA IN INDIA OR TO DEPUTE TO ANY OF ITS ASSOCIATES/SUBSIDIARIES OR ANY OTHER ORGANIZATION DEPENDING UPON THE EXIGENCIES OF SERVICE. REQUEST FOR POSTING/TRANSFER TO A SPECIFIC PLACE/OFFICE MAY NOT BE ENTERTAINED.

xiv) MERIT LIST: MERIT LIST FOR SELECTION WILL BE PREPARED IN DESCENDING ORDER ON THE BASIS OF SCORES OBTAINED IN INTERVIEW ONLY. IN CASE MORE THAN ONE CANDIDATE SCORE THE CUT-OFF MARKS (COMMON MARKS AT CUT-OFF POINT), SUCH CANDIDATES WILL BE RANKED ACCORDING TO THEIR AGE IN DESCENDING ORDER, IN THE MERIT

xv) MERE FULFILLING MINIMUM QUALIFICATION AND EXPERIENCE WILL NOT VEST ANY RIGHT IN CANDIDATE FOR BEING CALLED FOR INTERVIEW. THE SHORTLISTING COMMITTEE CONSTITUTED BY THE BANK WILL DECIDE THE SHORTLISTING PARAMETERS AND THEREAFTER, ADEQUATE NUMBER OF CANDIDATES, AS DECIDED BY THE BANK WILL BE SHORTLISTED AND CALLED FOR INTERVIEW. THE DECISION OF THE BANK TO CALL THE CANDIDATES FOR THE INTERVIEW SHALL BE FINAL. NO CORRESPONDENCE WILL BE ENTERTAINED IN THIS REGARD.

xvi) RESERVATION FOR PERSONS WITH BENCHMARK DISABILITIES (PwBD): Horizontal reservation has been provided to Persons with Benchmark Disabilities as per section 34 of “The Rights of Persons with Disabilities Act (RPWD), 2016”.

Note: Only “Person with benchmark disability” would be eligible for reservation with not less than 40% of a specified disability where specified disability has not been defined in measurable terms and includes a person with disability where specified disability has been defined in measurable terms, as certified by the certifying authority.

A person who wants to avail the benefit of reservation will have to submit latest Disability Certificate, on prescribed format, issued by Medical Authority or any other notified Competent Authority (Certifying Authority). The certificate should be dated on or before last date of registration of application.

SELECTION PROCESS : -

The selection will be on the basis of shortlisting and Interview.
Shortlisting: Mere fulfilling the minimum qualification and experience will not vest any right to candidate for being called for interview. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the bank, will be shortlisted for interview. The decision of the Bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard.
Interaction: Interaction will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regard. CTC negotiation will also be a part of Interaction.
Merit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate score the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit.
CALL LETTER FOR INTERVIEW: INTIMATION/CALL LETTER FOR INTERVIEW WILL BE SENT BY EMAIL OR WILL BE UPLOADED ON BANK'S WEBSITE. NO HARD COPY WILL BE SENT.
HOW TO APPLY : -

Candidates should have valid email ID/Mobile phone number which should be kept active till the declaration of result. It will help him/her in getting call letter/Interview advises etc.
GUIDELINES FOR FILLING ONLINE APPLICATION : -

i. Candidates will be required to register themselves online through the link available on SBI website https://bank.sbi/careers/current-openings and pay the application fee using Internet Banking/ Debit Card/ Credit Card etc.

ii. Candidates should first scan their latest photograph and signature. Online application will not be registered unless candidate uploads his/ her photo and signature as specified on the online registration page (under ‘How to Upload Document”).

iii. Candidates should fill the application carefully. Once application is filled-in completely, candidate should submit the same. In the event of candidate not being able to fill the application in one go, he can save the information already entered. When the information/application is saved, a provisional registration number and password is generated by the system and displayed on the screen. Candidate should note down the registration number and password. They can re-open the saved application using registration number and password and edit the particulars, if needed. This facility of editing the saved information will be available for three times only. Once the application is filled completely, candidate should submit the same and proceed for online payment of fee.

iv. After registering online, the candidates are advised to take a printout of the system generated online application forms.

GUIDELINES FOR PAYMENT OF FEES : -

i. Application fees and Intimation Charges (Non-refundable) is Rs 750/- (Rupees Seven Hundred Fifty only) for General/EWS/OBC candidates and no fees/intimation charges for SC/ ST/ PwBD candidates

ii. After ensuring correctness of the particulars in the application form, candidates are required to pay the fees through payment gateway integrated with the application. No change/ edit in the application will be allowed thereafter.

iii. Fee payment will have to be made online through payment gateway available thereat. The payment can be made by using Debit Card/ Credit Card/ Internet Banking etc. by providing information as asked on the screen. Transaction charges for online payment, if any, will be borne by the candidates.

iv. On successful completion of the transaction, e-receipt and application form, bearing the date of submission by the candidate, will be generated which should be printed and retained by the candidate.

v. If the online payment of fee is not successfully completed in first instance, please make fresh attempts to make online payment.

vi. A provision is there to reprint the e-Receipt and Application form containing fee details, at later stage.

vii. Application Fee once paid will NOT be refunded on any account NOR can it be adjusted for any other examination or selection in future.

State Bank of India invites Online application from Indian citizen for hiring to the following Specialist Cadre Officers post. Candidates are requested to apply Online through the link given on Bank’s website https://bank.sbi/careers/current-openings

Role: Statistician
Industry Type: Banking
Department: Data Science & Analytics
Employment Type: Full Time, Permanent
Role Category: Data Science & Machine Learning
Education
UG: Any Graduate
PG: M.A in Economics, Statistics, MS/M.Sc(Science) in Statistics
Doctorate: Ph.D/Doctorate in Statistics, Finance, Economics, Maths
Key Skills
Skills highlighted with ‘‘ are preferred keyskills
Economics
ReconometricsSASSTATAmachine learningfinancial economicsE-viewsstatistics
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State Bank Of India
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