State Bank of Pakistab
State Bank of Pakistab
State Bank of Pakistab
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The State Bank of Pakistan is the central bank of Pakistan. While its
constitution, as originally lay down in the State Bank of Pakistan Order 1948,
remained basically unchanged until January 1, 1974, when the bank was
nationalized, the scope of its functions was considerably enlarged. The
headquarters are located in the financial capital of Pakistan, Karachi with its
second headquarters in the capital, Islamabad.
There are two subsidiaries of SBP namely State Bank of Pakistan-Banking
Services Corporation (SBP-BSC) and National Institute of Banking and Finance
(NIBAF). The Governor SBP is chairperson of Boards for both the subsidiaries.
SBP BANKING SERVICE CORPORATION:
SBP-BSC (BANKING Service Corporation) came into existence after bifurcation
of State Bank of Pakistan in January 2002 and since then has been working
as the operation alarm of SBP for currency and credit management,
facilitating inter-bank settlement system, dealing in savings instruments of
the government, collecting revenue and making payments for and on behalf
of government and operational work relating to management of debt and
foreign exchange. SBP-BSC Board comprises of all the members from the
Central Board of SBP and the Managing Director of SBP-BSC.
VISION statement OF SBP - BANKING SERVICE CORPORATION:
To develop SBP into a dynamic and efficient organization equipped with
requisite technology and human resource capable of extending sustainable
support to the State Bank of Pakistan in achieving its objectives
MISSION statement OF SBP BANKING SERVICE CORPORATION:
To provide excellent banking and financial services to stakeholders besides
ensuring implementation of 4SBP policies in order to command their trust
and respect
TRADITIONAL Functions:
The primary functions including:
Promotional Functions:
1.
2.
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5.
AGE:
Maximum 28 years as on the last date of submission of applications to SBPBSC.
DEGREE COMPLETION:
Candidates awaiting final result are not eligible to apply. Candidates should
have fully completed all requirements of degree and must attached copy of
Provisional Certificate, Mark sheet/ Transcript.
WRITTEN TEST:
The candidate meeting the above eligibility criteria are required to register
themselves with NATIONAL TESTING SERVICE (NTS) for appearing in the
written test.
SELECTION PROCEDURE:
Eligible candidates will be required to take a comprehensive written test in
English Composition, Quantitative Skills and Current Affairs/ Intelligence/
General Knowledge. Candidates who qualify the written test will be invited to
appear for Group Discussion. Only the candidates who qualify the Group
Discussion phase would be eligible to appear before an interview panel on
same date. Selection will depend on marks obtained in written test, Group
Discussion and interview(s). Successful candidates will be selected in order
of merit, as Assistant Direct in State Bank of Pakistan, Karachi. All
appointments in State Bank of Pakistan are made in compliance with
prescribed regional/ Provincial Quota requirement. The candidates short
listed on the basis of merit of written test and available number of vacancies
will be invited for interview before a selection board at SBP-BSC
PRE-INDUCTION TRAINING:
The selected candidates will be imparted up to 4 weeks training
COMPENSATION PACKAGE:
The selected candidates will be offer appointment for the position. They will
entitle to
Consolidate monthly monetized salary of Rs 34,000/- in the salary range of
Rs 34,000 79,350
Medical facility for self, dependent spouse and dependent children only as
per banks rule
Provident Fund, Gratuity, Leave Fare Assistance, Staff Loans & other facilities
as per banks rules
APPLICATION PROCEDURE:
After the announcement of written test result by NTS. The application forms
will be available online at www.sbp.org.pk/jobs/. Printed copies are available
on all offices of SBPBSC across the country. Application sent via e-mail will
not be entertained.
FOREIGN TRAINING:
To participate in training programs on central banking offered by foreign
training institutions, SBP encourages its employees and provide them
opportunities. Officers attended various training courses, workshops,
seminars, pertaining to core & support functions of the SBP. These programs
were offered by the IMF, Federal Reserve Bank of New York, ADB, IDB, BNM,
FSA, MAS, Boulder Institute of Microfinance, AUSTRAC, APRACA, BNM, Toronto
Centre,and other prominent institutions.
3. EMPLOYEE BENEFITS:
Compensation and benefits provided
Base Pay
Overtime Pay
Travel/Meal/Housing Allowance
Benefits including: dental, insurance, medical, vacation, leaves,
retirement.
Staff Loan Policy
Facility Of Banks Car & Petrol Ceiling
Medical Facilities
Telephone Charges At Residence
Facility Of Newspapers & Journal
Family Pension
LEAVE ENTITLEMENT:
SBP is providing a various benefits to their employees such as leave benefits
and advances. In leave benefits every employee has two leave accounts:
RLA & SLA. Employee cannot obtain only medical or sick leave , they have
various reasons of leave such as attend party, attend seminar, outstation
leave, domestic problems, R & R leave etc. Employee can avail leave facility
for perform of Hajj. SBP also provide Rest and recreation 15 days leave to
their employees. R and R leave avail once in a year. In SBP female
employees is also availing female leave facility maternity and iddat leave.
Maternity leave can avail thrice during whole period of job. SBP made proper
process of leave application to facilitate to their employees. After retirement/
resignation/death net qualifying service form is very important for calculation
of Net Qualifying Service and case forwarded to internal monitoring unit for
their In order Certificate.
ADVANCES:
The types of loans/Advances provided to employees are as follows:
Personal Loan
Staff Loans
Motor Car Loan
4. PEFFORMANCE APPRAISAL
The process by which a manager or consultant
(1) Examines and evaluates an employee's work behavior by comparing it
with pre-set standards.
(2) Documents the results of the comparison.
(3) Uses the results to provide feedback to the employee to show where
improvements are needed and why. Performance appraisals are employed to
determine who needs what training, and who will be promoted, demoted,
retained, or fired.
OBJECTIVES OF PERFORMANCE APPRAISAL:
CONCULSION:
State bank of bank have excellent human resource management system for
their employees for their motivation and satisfaction. Best policies attract
and retain the best employees. Human resource management is the most
pivotal element affecting an organizations overall performance. It is directly
related to employees commitment with the organization and leading
organizations always use it as a tool to attract and retain the most talented
human resource capital.
TRAINING:
SBP use on the job, off the job training technique and most of the time its
depends on need, training improve employees performance, last year SBP
are providing 10% external and 20% internal training.
RECRUITMENT AND SELECTION:
SBP use internal recruitment ,external recruitment and both type of
recruitment sources, they have the best hiring system ,its selection
procedure include written test ,interview, group decision, SBP HR team act as
a consultant to enhance the quality of the applicant pre screening process.
EMPLOYEES BENEFITS:
State bank of bank provides excellent benefits for their employees for their
motivation and satisfaction. Its provide career advancement path to their
employees ,SBP clearly communicate its goal and strategies to their
employees.
PERFORMANCE MANAGEMENT SYSTEM:
SBP performance management system is excellent because its performance
appraisal system is a two way communication, employees are participated in
the job related activities, salary increment and career development is the