IOB Jobs 2018: 02 Senior Economist, Chief Customer Service Officer Vacancy for Any Post Graduate, Any Graduate published on 11th December 2017

On 11/12/2017, IOB announced Job notification to hire candidates who completed Any Post Graduate, Any Graduate for the position of Senior Economist, Chief Customer Service Officer.
Vacancy 1 Senior Economist
Qualification Any Post Graduate
Vacancies 01 Post
Salary Rs. 75,000/- Per Month
Experience 10 - 12 years
Job Location Chennai
Last Date to Apply 22/12/2017
Other Qualification Details:

1. Post Name & Salary: Senior Economist  & Rs.75000/ per month all inclusive subject to deduction of taxes.

2. Job description: The Senior Economist will be responsible for providing strategic inputs to the top management of the Bank. He/ She will be required to analyze and evaluate economic and financial indicators of national and international level and assess their impact on various markets and asset classes. He /She may also work on costs incurred by the bank on specific line of activities and the returns expected from such activities.

3. Qualification: Minimum post Graduate in Economics with specialization in monetary/financial econometrics from a recognized Indian /Foreign University /Institute. Preference will be given to candidates with doctorate degree in areas of money banking, international finance.

4. Work Experience: Minimum 10 years work experience as an economist in a commercial Bank /Financial Institution or other reputed Corporate Organization or Teaching experience as Lecturer/Professor in Economics in a College / University or combined experience as an economist and in teaching. -Should possess excellent communication skills. -Contribution to leading publications and participation in various economic fora for a will be an added advantage.

5. Contract: The term of office of the holder of the post shall be for 3 years, initially, extendable at the discretion of the Bank. The contract can be terminated at one months’ notice on either side or salary and allowances in lieu thereof.

Age: Not exceeding 45 years
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Vacancy 2 Chief Customer Service Officer
Qualification Any Graduate, Any Post Graduate
Vacancies 01 Post
Salary Rs. 60,000/- Per Month
Experience 20 - 25 years
Job Location Chennai
Last Date to Apply 22/12/2017
Other Qualification Details:

1. Post Name & Salary: Chief Customer Service Officer & Rs.60,000/- per month all inclusive subject to deduction of taxes.

2. Job description: He/ She will be reporting directly to the MD & CEO/ Executive Director of the Bank and shall be the focal point for internal Grievance Redressal System in terms of Damodaran Committee recommendations so that a minimum number of complaints are escalated to Banking Ombudsman. He /She will help in strengthening customer confidence in the internal redressal mechanism.

3. Qualification: Retired General Manager from a Public Sector Bank other than Indian Overseas Bank.

4. Work Experience: Should have retired as GM from any Scheduled Commercial Bank (other than Indian Overseas Bank) with a minimum of 10 years experience in the operational front.

5. Contract: The term of office of the holder of the post shall be for 3 years, initially, extendable at the discretion of the Bank. The contract can be terminated at one months’ notice on either side or salary and allowances in lieu thereof.

Age: Not below 60 years

Documents and Important Date

1. Document evidencing date of birth such as Birth Certificate or School leaving Certificate/ SSC/HSC Certificate.
2. Final Degree Certificate &/Consolidated mark sheet in respect of passing graduation, post graduation degree & Professional Course.
3. Work Experience Certificates from their employers clearly stating the period and nature of Employment/ duties.
4. No objection certificate from their employer, in case of candidates serving in Government /Quasi Government Offices/Public Sector Undertakings including Nationalised Bank, Financial Institutions.


Important Date: 

Online Registration of Applications - 11.12.2017 to 22.12.2017
Payment of Intimation Charges - Online Mode - 11.12.2017 to 22.12.2017
Last Date for Online Registration and payment of intimation charges through online mode - 22.12.2017

General Instruction

1. Candidates are required to apply only 'ONLINE'. Any other form of application shall be rejected.Incomplete applications / Applications without supporting documents will be rejected outright. Candidates serving in Government /Quasi Government Offices/Public Sector Undertakings including Nationalised Bank, Financial Institutions will be required to submit "No Objection Certificate" from the employer at the time of interview failing which the candidature may not be considered.

2. Decision of the Bank in all matters regarding eligibility, selection etc. of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of the conduct of interview, selection and any other matter relating to recruitment will be final and binding on the candidate. Further, the Bank reserves right to stall / cancel the recruitment partially / fully at any stage during the recruitment process at its discretion, which will be final and binding on the candidate.

3. Candidates in their own interest are advised to submit their applications well in time before the last date for submission. The Bank does not assume any responsibility for late receipt of applications submitted by the candidates.The version of the detailed advertisement given in the Bank's website shall be treated as final and shall supersede any other versions for all purposes. Accordingly, the candidates are advised to visit Bank's website “www.iob.in” for detailed advertisement.

Selection Procedure

After scrutiny of the online applications received, only eligible candidates will be called for Personal Interview. The short-listing and call for interview will be on the basis of the details provided by the candidates (regarding educational qualification and work experience) in the online application. The Bank would be free to reject the candidature of any candidate at any stage of the recruitment process, if he / she is found to be ineligible and / or furnished incorrect or false information / certificates / documents or has suppressed any material facts; and the fees paid by the ineligible candidates shall be forfeited.

How to Apply

1. Candidates are first required to go to the Bank's website “www.iob.in” and click on the "Careers" Page to open the link "Recruitment of Senior Economist & Chief Customer Service Officer" and then click on the respective posts link to open the Online Application Form.

2. Candidates should fill in the details in the Online Application at appropriate places very carefully and click on the "SUBMIT" button at the end of the Online Application format. Before pressing the "SUBMIT" button, candidates are advised to verify that every field is filled in the application using the "RECHECK"/ “PREVIEW” button. The name of the candidate or his /her father/husband etc. should be spelt correctly in the application as it appears in the certificates/mark sheets. Any change/alteration found may disqualify the candidature.

3. On successful submission of the Online Application form, an acknowledgement with Registration Number will be generated. Candidates should note this Unique Registration Number for future reference failing which they will not be able to proceed further.On successful completion of the transaction, an e-receipt will be generated. Candidates are required to take a printout of the e-receipt for future reference. Candidates can also reprint the E-receipt at a later date by clicking on "Reprinting Ereceipt after payment of Intimation charges" link.


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