How duties of a Bank Clerk / PO varies from SO?

While on the job, here are some of the important responsibilities of probationary officer (or Assistant Manager) in banks.

• The primary duty is to assist and support the branch manager in operating the bank functions.
• He or she has to oversee the functions of the bank whether they are running smoothly or not. He / She also manages the trivial things without bothering the manager.
• He or she also has to take care of the customers so has to help and solve customer concerns and queries
• He or she has the duty to take care of hiring new employees when needed and arranging their training for their development.
• He or she also has to take care of the customers so has to help and solve customer concerns and queries.
• He or she has also to look into the matter of marketing of the policies of the bank.
• He or she has to prepare the reports about the performance of the bank for showing to the manager.
• He or she will be responsible for all the duties and functions of the absence of the manager.
• It will be the duty to motivate the employees after evaluating their performance
• He or she has to take part actively in the meetings regarding sanctioning of loans and other financial decisions of the bank.

Duties of IT Specialist officers:

It would be the responsibility of IT officers to oversee the technological perspectives of banking affairs, both software, and hardware. Nearly all banks contracting in the “IBPS recruitment” have shifted to core-banking for operations, and they use software like FLEXCUBE, Finacle, BanCS, SAP, etc.

An IT officer will undergo training in all these domains; they should be able to service, configure troubleshoot the software, computers, and networks that run the banking business. An IT officer in a senior manager role should be able to the assess the future IT interests of the bank, plan scaling, issue tenders, and report IT vacancies to the HR department. In this age of e-Banking, IT officers play a crucial role in acquiring more customers to the bank: no reason why the IT specialists contribute the maximum number of jobs after management posts.

Duties of Chartered accountants as Specialist Officers:

Lawyers work on forming the policies of the banks in consultation with senior managers. The instructions and conditions we see in a loan, savings, credit card applications are documented and verified by practicing lawyers.

They appear for the respective banks in Courts, process notices to the defaulting customers, and help a bank in taking over attached properties, etc. They are also responsible for making it sure that the bank functions in compliance with the law of the land.

Role of a Bank specialist as Agriculture Field officer:

The primary responsibility of an Agriculture officer is to promote banking services among farmers and cultivators. They have to evaluate the property and assets of potential customers and suggest a reliable approach for increasing the crop yield and performance, in such way that it would profit the banks.

They should be able to communicate new technologies (Eg: Greenhouse and Hi-Tech farming ) to farmers and explain about related financial products (Eg: Kisan Credit Cards) or loans available to them.

Duties of Chartered accountants as Specialist Officers:

CA or Chartered accountants do auditing and are the heads of all accounting in a bank. Chartered Accountants hold top offices as financial planners, tax gurus and advisers to the General Managers. They are responsible for formatting and checking the accuracy of profit/loss statements and other documents for the investor community. They should be able to provide suggestions for the profitable operation of the bank based on RBI policies and other factors.

Role of a Marketing Specialist Officer:

The duty of an officer in this category is to improve the profits and market presence of the bank through various campaigns and promotions. They should have a precise perception of the financial products of the bank, and they may have to devise plans to sell it to the high net-worth individuals and others. In a sum, lead-generation and follow-up are the fundamental roles of marketing officers.

Duties of Specialist Officers in HR Cadre:

A Human Resources professional plays a critical role in any institution. Junior HR officers in a Bank usually handle the training and induction of new employees, circulating appraisal forms, forming leave schedules, creation of salary accounts, etc. Senior HR managers conduct interviews, take classes, deal with labor laws, promotion and other serious matters. In fact, it is HR specialist officers who report the open vacancies in a Bank to recruiting agencies like IBPS.

Rajbhasha Adhikari:

The Specialist Officer in an Indian Bank who deals with the National language is a Rajbhasha Adhikari. The individual applying for the post of Rajbhasha Adhikari should be able to create error-free Hindi documents and translate smoothly between Hindi, English and other regional* languages.

Salary & Benefits of a Bank Specialist Officer

Specialist Officers enjoy a plethora of perks in Indian banks, usually equivalent to the Probationary Officers (PO) in the same rank. As of 2019, the starting salary of an IBPS Specialist Officer comes between 35000 to 60000. You can calculate the in-hand salary by adding the Basic Pay with the latest DA component given Indian Banking Association’s website, HRA and the City Compensatory Allowance if any.

The range of benefits provided to a Specialist Officer vary with the financial institution: many of them provide newspaper/laundry allowances, medical coverage, TA and rented accommodation…

Specialist Officers will get adequate training in respective departments before their appointment to the JMG (Junior Management) Scale I position.

They will be promoted to JMG Scale II to and MMG (Middle Management) Scales in the upcoming years based on performance in tests/interviews, and service rules. Experienced hands may directly join the JMG Scale II post by clearing the relevant IBPS Specialist Exam.

Selection Procedure of Bank SO Recruitment

The standard hiring process in any PSU banks in India involves a combination of entrance exam and interview. IBPS recruitment facility suite the requirement of the banks, and now more than 25 PSU banks prefer their platform for joint recruitment of officers. State Bank of India after the merger with associated banks release consolidated Recruitment of Specialist Officer & other vacancies.

IBPS & SBI are the major players in recruiting for Specialist Officer vacancies for every year. The Specialist Officer Recruitment Notification comes to light every year between December & February.

Candidates wishing to compete for these Specialist Officer vacancies have to apply for the same through the Official website of the Bank / Organization.