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Credit Admin Subsidiary Apprentice STATE BANK OF INDIA

This is a great opportunity to start your career with State bank of India by assisting in portfolio maintenance for BTL Loans, Bilateral Loan & Syndication Loan accounts but also assisting in finacle data maintenance, reports and returns.

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Closing date: 26 Oct 2022

Apprenticeship summary

  • Annual wage

    £15,100.00

  • Working week

    Monday to Friday 9am to 5pm,

    Total hours per week: 37.5

  • Expected duration

    15 Months

  • Possible start date

    31 Oct 2022

  • Date posted

    22 Aug 2022

  • Apprenticeship level

    Advanced
    Level 3 (A level)

  • Reference number

    VAC1000079680

  • Positions

    1 available

What will the apprentice be doing?

  • Assisting in maintenance of BTL & Bilateral Credit/Syndication loans including liaising with LMS/any other external service provider
  • Drawdowns / rollovers / interest servicing / repayments etc
  • All back-office work pertaining to the loan accounts viz., Maintenance of files,correspondence with other branches, putting through transactions in Finacle, updating information in Finacle, account statements, diarising, follow-up, Initiating Finacle entries in loan accounts.
  • Assisting Head Credit Admin in monitoring CRE Portfolio such as periodic valuation
    updation, review/renewal dates updation etc.
  • Liaisoning with the back offices of the various agent and participating banks / branches.
  • Co-ordinating with Accounts Department for Reconciliation of Accounts.
  • Following up with solicitors to ensure registration of Bank’s interest in land registry, companies house etc.
  • Maintainance of the Loans and Commisions Registers & Documents Register.
  • Cover for the work of other Associates in the department when they are on leave.

What training will the apprentice take and what qualification will the apprentice get at the end?

Financial services administrator Lvl 3

Progression:
This is an entry level role which provides the foundation knowledge skills & experience for progression into a

number of career paths including Senior Administrator, Paraplanner, Financial Adviser or Mortgage Adviser.

Qualifications
Professional qualifications within this apprenticeship are listed below – one of:

UK financial services, regulation & ethics (CF1) – Chartered Insurance Institute (CII) UK financial regulation (UKFR) – The London Institute of Banking & Finance (LIBF) - Financial Services regulation and Ethics  - Chartered Bankers Institute (CB)

Introduction to Securities and Investment; UK financial regulation; Administration of settlements and investments – Chartered Institute for Securities and Investments (CISI)

In addition, the role may require completion of an exam specific to the line of business worked in eg Life, Pensions, General Insurance, Investments, Long Term Care.  These are typically provided by the CII, LIBF and CISI.

Alternatively where employers feel that there is evidence of higher academic aptitude, the apprentice could opt for a more demanding higher level qualification that would enable fast tracking through the progression routes available on completion of this apprenticeship.

Financial services, regulation and ethics (RO1) – CII Financial services, regulation and ethics (FSRE) The London Institute of Banking & Finance (LIBF).

Link to professional registration
This apprenticeship provides the first step on the pathway to professional membership of the Chartered Insurance

Institute, The London Institute of Banking & Finance (LIBF) , Chartered Institute of Securities and Investment.

What is the expected career progression after this apprenticeship?

There are many development opportunities within the Bank, all employees are eligible to apply for other roles within the Bank (any department) after 1 year of employment in their current role.

Requirements and prospects

Desired skills and personal qualities

Communication skills, IT skills, Attention to detail, Organisation skills, Customer care skills, Problem solving skills, Presentation skills, Administrative skills, Analytical skills

Qualifications

GCSE or equivalent Maths and English (Grade A-C/8-4) Essential

About the employer

With a legacy of over 200 years, State Bank of India (SBI), the parent Bank of SBI UK Ltd., traces its ancestry to the Bank of Calcutta founded in 1806. Today SBI is an Indian multinational, public sector banking and financial services statutory body, fostering India’s US$2.6 trillion economy and serving the hopes of its vast population. The bank is a member of the Fortune 500 and the largest commercial bank in India alone in terms of assets, deposits, branches, customers and employees. The Government of India is the largest shareholder of the bank, holding a 57.13% stake. It has over 430 million customers worldwide, with 208 offices in 32 countries. It also has over 22,000 State Bank Group branches and over 58,000 ATMs. In the UK, SBI has been active since 1921, and has grown to become the largest Indian bank in the UK. Whilst SBI’s operations in the UK began in wholesale banking, it has now expanded to include a subsidiarised, ring-fenced retail offering as well.

Employer

STATE BANK OF INDIA

Address

78 Cornhill

London

EC3V 3QQ

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Training

Training provider

BABINGTON BUSINESS COLLEGE LIMITED

Contact

Jamie Dobson

Jamie.Dobson@babington.co.uk

Apprenticeship standard

Financial services administrator

Level 3 (A level)

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