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Products Department - Subsidiary apprenticeship STATE BANK OF INDIA

Assist Product Team, for creation of Savings Products and develop a proposal to sell them. Plan and assist in the development, marketing, and distribution of a product. Assist to define a clear plan for products by outlining their goals, potential risks, challenges, and opportunities. Examine the products performance wherever required.

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Closing date: 23 Feb 2023

Apprenticeship summary

  • Annual wage

    £15,100.00

  • Working week

    Monday to Friday 9am to 5pm

    Total hours per week: 37.5

  • Expected duration

    18 Months

  • Possible start date

    28 Feb 2023

  • Date posted

    15 Dec 2022

  • Apprenticeship level

    Advanced
    Level 3 (A level)

  • Reference number

    VAC1000116566

  • Positions

    1 available

What will the apprentice be doing?

  • Create daily and weekly MIS on product performance on daily, monthly and yearly performance
  • Support Product Managers in monthly slide decks for Management meetings
  • Assist Product Managers and Head of Products to describe business requirements in clear and concise approach
  • Assist in interest change process on ad hoc basis, create Branch and Customers Communications, notify aggregators and relevant stakeholders for the interest rate change information
  • Work closely with Marketing team and provide information to Marketing team on product features and periodic information
  • Schedule various meetings for Head of Products with internal and external stakeholders
  • Promptly handling all calls and emails received from branches, respond to the branches with solutions supported by Product Managers

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

Business Administrator Level 3. 

Business administrators have a highly transferable set of knowledge, skills and behaviours that can be applied in all sectors. This includes small and large businesses alike; from the public sector, private sector and charitable sector. The role may involve working independently or as part of a team and will involve developing, implementing, maintaining, and improving administrative services. Business administrators develop key skills and behaviours to support their own progression towards management responsibilities.

The responsibilities of the role are to support and engage with different parts of the organisation and interact with internal or external customers. With a focus on adding value, the role of business administrator contributes to the efficiency of an organisation, through support of functional areas, working across teams and resolving issues as requested. The flexibility and responsiveness required allows the apprentice to develop a wide range of skills.

The business administrator is expected to deliver their responsibilities efficiently and with integrity – showing a positive attitude. The role involves demonstrating strong communication skills (both written and verbal) and adopting a proactive approach to developing skills. The business administrator is also expected to show initiative, managing priorities and own time, problem-solving skills, decision-making and the potential for people management responsibilities through mentoring or coaching others. 

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, Customer care skills, Number skills

Qualifications

GCSE or equivalent 5 GCSEs (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

Hygeia Building 66-68

College Road

HARROW

HA1 1BE

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Training

Training provider

BABINGTON BUSINESS COLLEGE LIMITED

Contact

Jamie Dobson

Jamie.Dobson@babington.co.uk

Apprenticeship standard

Business administrator

Level 3 (A level)


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