State Bank of Pakistan (SBP) Announced Multiple Job Opportunities in Pakistan 2024

Last updated on: 2024-02-18 08:08:29

State Bank of Pakistan (SBP) announced multiple job opportunities in Pakistan, which are listed below. There are currently 42 job openings in Pakistan. Clicking each will open a separate detailed page about each post announced by State Bank of Pakistan (SBP). The last date to apply is 2024-03-04.

About State Bank of Pakistan (SBP)

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.

The following are the highlights of current job openings:

View all job openings including current and previous jobs offered by State Bank of Pakistan (SBP)

Job Description

However, each job has a separate detailed description, but overall the general job description is given below:

State Bank of Pakistan
Excellent Career Opportunities

State Bank of Pakistan (SBP), the Central Bank, is looking for talented and energetic candidates for the following OG-3 position in Agriculture Credit & Financial Inclusion Department (ACFID), based in Karachi.

Key responsibilities of the incumbent will include, but not limited to, the following:
• Prepare operations manuals and agreements for credit line facilities in consultation with relevant stakeholders.
• Develop data templates for periodic regulatory reporting and maintain data repository for monitoring of participating financial institutions (PFIs).
• Carry out research on market appetite, pricing, and spreads for timely disbursement to PFIs to achieve the objectives of the programs
• Conduct due diligence of PFIs, evaluate proposals, and issue credit limits.
• Monitor and evaluate performance of PFIs against result matrix agreed in multilateral funded programs
• Prepare working papers, agendas, minutes and ancillary document for relevant Committees.
• Coordinate with external stakeholders including donor/ lender agencies and ministries
• Design survey/ data tools, administer surveys, and write reports on utilization of credit lines under multilateral arrangements
• Develop business requirement documents (BRD) for automation of workflow and efficiency
• Prepare work plans, cash plans, forecasts, utilization and appropriation reports.
• Build strong professional rapport with stakeholders for reporting purposes.
• Coordinate with Project Director office, Government entities and entertain ad-hoc queries.
• Prepare Interim Unaudited Financial Reports (IUFR); reconcile cashbooks, variance, and account statements for audit and financial oversight of external and internal stakeholders
• Review and guide on Environment and Social Risks performance as per regulatory and multilateral requirements
• Assist higher management in engagements with multilateral mission teams.
• Coordinate in periodic financial oversight and audit of the multilateral programs
• Use statistical packages for tracking utilization of funds allocated to PFIs and Map project activities in MS Project to track progress
• Maintain record of correspondence, database of project activities, and ensure availability for management when requested.
• Perform any other task assigned by seniors.

Compensation:
• Competitive compensation package, as per State Bank rules.

Application Process

The application process/ how to apply for specific job is listed below, but also check out each job page separately for more detailed procedure for that specific job:

• Interested candidates meeting the eligibility criteria may submit their applications online on https://www.sbp.org.pk/careers/status.asp.
• Last date of application submission is March 04, 2024. Applications, which are not in accordance with defined requirements in the advertisement, will not be entertained.
• Only shortlisted candidates will be contacted.

• We are an Equal Opportunity Employer. Females, candidates from minorities, transgender persons and persons with disability are encouraged to apply.

• Any candidate who misinforms, 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 his/her 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 eligible. Candidate who fails to provide the required information or documents or does not meet the specified criteria as per advertisement shall be disqualified from the current drive.

Apply online for State Bank of Pakistan (SBP) jobs