@ State Bank of Pakistan (SBP)
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Master’s, Bachelor’s or equivalent degree with 16 years of education with at least 60 percent marks where percentages apply or 2.5 out of 4.0 or 3.5 out of 5.0 where GPA system is applicable from HEC recognized Pakistani institutions in Business Administration, Public Administration, Economics, Commerce, Finance, Statistics, Data Sciences, Actuarial Sciences, Accounting, Computer Sciences, Information Systems and Technology, Mathematics, Human Resource Management, Agriculture Management (other than BSC or MSC in agriculture), Islamic Banking & Finance, Law, Media & Culture Studies, Philosophy and Physics. In case of foreign degree, equivalence certificate from HEC would be required.
Batches graduating until 30 June 2024 may apply with provisional transcript until 7th semester (for bachelors) or 3rd semester (for masters), subject to proof of 16 years of education with required percentage/CGPA stated above in the first attempt at the final examination.
Domicile:
• Sindh (Rural),
• Baluchistan,
• Ex-FATA,
• Gilgit Baltistan &
• Azad Jammu & Kashmir (AJK).
Age:
Maximum 26 years as on the date of newspaper advertisement i.e. February 11, 2024. Age limit shall be relaxed by three years for female candidates, transgender persons, candidates belonging to minorities, and candidates from Baluchistan,
Azad Jammu Kashmir, Gilgit Baltistan, areas which were previously part of FATA.
• Interested Pakistani citizens (including Azad Jammu & Kashmir and Gilgit-Baltistan) meeting above eligibility criteria are required to visit SBP website (https://www.sbp.org.pk/careers/status.asp) and follow the procedure for submission of online application. The Careers Page may also be accessed by scanning the QR Code given at the right.
• Age will be considered as per CNIC.
• Applications devoid of the required information and details like photograph, date of birth, or any other important information, will not be shortlisted. Applications not in accordance with defined requirements/criteria in the advertisement will not be entertained.
• Last date of submission of applications is February 26, 2024. Applications submitted in person or through e-mail will not be entertained.
• Testing Agency will intimate shortlisted candidates through SMS, and send admit cards at their postal addresses as well as upload them on its website, to appear in the written test to be held at designated test centers.
• Testing Agency will upload the details of qualified candidates on its website. Only shortlisted candidates will be contacted for further selection process.
• For any queries or complaints, please contact SBP at Recruitment@sbp.org.pk.
Selection Procedure:
The candidates shortlisted on the basis of written test and meeting other eligibility criteria will be invited for further selection process including group discussion/psychometric testing and panel interview. Candidates will be required to bring original educational/professional documents, Equivalence Certificate from HEC (in case of foreign qualification), Domicile and CNIC.
Candidate who misinforms or fails to provide the required information or documents, does not meet the specified criteria as per advertisement, attempts to influence the recruitment process in any manner, tries to obtain support for his/her candidature by inappropriate means or tampers with evidence of age, educational and other certificates, shall be disqualified from the current and any future recruitment process at the Bank; even if the candidate is otherwise qualified.
Pre-Induction Training:
After completion of all formalities including medical, psychological examinations and proof of completed educational documents, the selected candidates shall be required to undergo Applied Focused Theoretical Training (residential) at National Institute of Banking and Finance (NIBAF), Islamabad as Trainees. The trainees who successfully complete and qualify the training will be offered appointment as Assistant Director (OG-2) at SBP, located in Karachi.
Start your new career with just one click! Apply online for this exciting opportunity.
The State Bank of Pakistan (SBP) is incorporated under the State Bank of Pakistan Act, 1956, which gives the Bank the authority to function as the central bank of the country. The SBP Act mandates the Bank to regulate the monetary and credit system of Pakistan and to foster its growth in the best national interest with a view to securing monetary stability and fuller utilization of the country’s productive resources.
Subsidiaries of the SBP
The SBP holds “three” fully owned subsidiaries to augment its functions. These are:
SBP-Banking Services Corporation (SBP-BSC)
Established under the SBP-BSC Ordinance 2001, SBP-BSC supports SBP in performing functions such as handling of currency and credit management, facilitating the inter-bank settlement system, and sale/purchase of savings instruments of the Government on behalf of Central Directorate of National Savings. SBP-BSC also collects revenue and makes payments for and on behalf of the Government. It also carries out operational work relating to development finance, management of public debt, foreign exchange operations and export refinance. The Board of Directors of SBP-BSC, chaired by the Governor SBP, comprises of all members of the Central Board of SBP and the Managing Director of SBP-BSC.
SBP-BSC consists of 16 field offices in Pakistan with the head office in Karachi.
National Institute of Banking and Finance (NIBAF)
NIBAF is the training arm of SBP, providing executive development trainings to new inductees and various levels of SBP employees. The subsidiary also conducts international courses on central and commercial banking in collaboration with the federal Government. Furthermore, NIBAF offers training to SBP-BSC and other financial institutions. NIBAF is incorporated under Companies Ordinance, 1984 and has a separate Board of Directors.
NIBAF is located in Islamabad with an office in Karachi.
Deposit Protection Corporation (DPC)
Deposit Protection Corporation (DPC) has been established as a wholly owned subsidiary of SBP under the DPC Act 2016. Upon commencement, this entity will be responsible to provide protection of deposits of member financial institutions operating in Pakistan. The objective of DPC is to compensate the depositors to the extent of protected deposits in the event of failure of a member Financial Institution. The limit of protected deposits shall be determined by DPC and will be announced in due course.
For the purpose of protecting depositors of Islamic Banks and branches, a separate Shariah compliant mechanism of deposit protection shall be put in place.
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