Bank of Baroda (BoB), a leading public sector bank in India, is inviting applications for various contractual roles in its Finance and Defence Banking departments. These fixed-term engagements offer a fantastic platform for seasoned professionals and retired defence personnel to contribute to a prestigious organization.
Key Dates to Remember
- Online Application Start Date: November 20, 2024
- Application & Fee Submission Deadline: December 10, 2024
Application Fee
- General, EWS, and OBC Candidates: ₹600 + Taxes + Payment Gateway Charges
- SC/ST/PWD/Women Applicants: ₹100 + Applicable Taxes + Payment Gateway Charges
Application fees are non-refundable.
Important Guidelines for Applicants
Application Process:
- Complete the online application form and submit the required fee before the deadline.
- Save the acknowledgment number and a copy of the submitted form for your records.
Eligibility and Verification:
- Candidates must fulfill the eligibility criteria as of November 1, 2024.
- The selection process is provisional and subject to document verification.
Communication and Updates:
- Regularly check the “Current Opportunities” section on Bank of Baroda’s official website for updates.
- All communications, including call letters, will be sent via email only.
Flexibility in Job Location:
- Applicants should be prepared to work at any location across India.
Roles and Vacancies
The recruitment includes specialized positions with varying responsibilities and locations. Details are as follows:
| Department | Position | Vacancies | Location | Selection Process |
|---|---|---|---|---|
| Finance | Deputy Head – Investor Relations | 1 | Mumbai | Shortlisting, Interview & CTC Negotiation |
| Defence Banking | Defence Banking Advisor (DBA) | 5 | Bhopal, Jaipur, Chennai, Jammu, Mumbai | Shortlisting & Interview |
| Defence Banking | Deputy Defence Banking Advisor (DDBA) | 1 | Jodhpur | Shortlisting & Interview |
Eligibility Criteria (as of November 1, 2024)
1. Deputy Head – Investor Relations
- Age: 35–40 years
- Education:
- Graduate in any discipline.
- Additional qualifications: Chartered Accountant (CA) or MBA, preferably with a specialization in Finance.
- Experience:
- Minimum of 12 years in the BFSI (Banking, Financial Services, and Insurance) sector.
- At least 8 years of hands-on experience in Investment Banking, Institutional Broking, or Institutional Sales.
- Preference for candidates proficient in Investment Research and maintaining strong connections with large institutional entities.
2. Defence Banking Advisor (DBA)
- Age: Up to 60 years
- Education: Bachelor’s degree in any discipline.
- Professional Background:
- Retired officers from the Indian Armed Forces.
- Specific rank requirements vary by location: Brigadier (Army), Commodore (Navy), or Air Commodore (Air Force).
3. Deputy Defence Banking Advisor (DDBA)
- Age: Up to 57 years
- Education: Bachelor’s degree in any discipline.
- Professional Background:
- Retired officers from the Indian Armed Forces.
- Specific ranks include Colonel or Lieutenant Colonel (Army), Group Captain or Wing Commander (Air Force).
Note: All candidates must have a healthy credit history with a CIBIL score of at least 650.
Roles and Responsibilities
1. Deputy Head – Investor Relations
- Monitor and interpret financial trends and competitor strategies.
- Regularly update the Investor Relations (IR) section on the bank’s official website.
- Address investor inquiries, track perceptions, and resolve concerns effectively.
- Organize key events such as investor conferences, roadshows, and earnings transcript calls.
- Maintain and update databases of investors and rating agencies to enhance engagement.
2. Defence Banking Advisor (DBA)
- Build and strengthen institutional relationships with defence establishments.
- Lead initiatives to open accounts and promote loan campaigns for defence personnel.
- Drive cross-selling efforts to offer tailored financial products to defence customers.
- Identify opportunities to digitalize banking services for defence personnel.
- Collaborate on the setup of branches or ATMs near military and police establishments.
3. Deputy Defence Banking Advisor (DDBA)
- Support the DBA in expanding defence banking operations and initiatives.
- Organize and promote campaigns for account openings and other financial services.
- Identify new business opportunities within the defence sector for institutional growth.
6. Compensation
- Deputy Head – Investor Relations: Compensation will be market-driven, based on qualifications and experience.
- Defence Banking Advisor (DBA): Fixed remuneration of ₹24.00 lakhs per annum.
- Deputy Defence Banking Advisor (DDBA): Fixed remuneration of ₹18.00 lakhs per annum.
Selection Process
- Shortlisting: Based on qualifications and experience.
- Interview and/or Other Selection Methods:
- Only shortlisted candidates will be invited.
- The interview qualifying marks will be decided by the Bank.
- Final Selection:
- Ranking will be determined by merit and age, if required.
- Candidates may be considered for alternative positions if suitable.
Nature of Employment
- Contractual engagement for three years, extendable annually up to a maximum of five years or until the age of 62, whichever is earlier, subject to performance.
Key Notes for Candidates
- Only Unreserved (UR) category positions are available.
- Age relaxation of up to five years for persons affected by the 1984 riots.
- No reservations for ex-servicemen in Officers’ cadre.
- Caste/EWS/PWD certificates must be submitted in the prescribed format.