Exciting Opportunities at the State Bank of Pakistan

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Jobs at State Bank of Pakistan

Jobs at State Bank of Pakistan, The State Bank of Pakistan (SBP) is looking for dynamic and highly skilled professionals to join its Human Resources Department as Deputy Director (OG-3) and Assistant Director (OG-2). These pivotal roles involve developing and implementing HR policies, procedures, and various administrative functions crucial to the bank’s operations.

Key Responsibilities

Development of HR Policies and Procedures:

• Assist in crafting HR policies, mechanisms, Standard Operating Procedures (SOPs), and proposals.
• Focus areas include talent acquisition, compensation and benefits, performance management, training and development, employee services, employee relations, and promoting diversity and inclusion.
• Stay updated with the latest HR trends and legal requirements to ensure policies are compliant and competitive.
• Develop and implement innovative HR strategies that align with the bank’s goals and objectives.

Recruitment and Selection:

• Participate actively in recruitment and selection processes to acquire top talent.
• Implement effective programs to ensure the smooth integration of new employees.
• Design and conduct job analyses and create accurate job descriptions and specifications.
• Utilize various recruitment platforms and techniques to attract a diverse pool of candidates.

Employee Relations and Policy Implementation:

• Engage with different departments to support line managers and officers in implementing HR policies and procedures.
• Facilitate clear communication and effective application of these policies across the organization.
• Handle employee grievances and mediate disputes to maintain a positive work environment.
• Promote a culture of feedback and professional development.

Payroll and Benefits Administration:

• Ensure meticulous implementation of payroll processes, including the accurate and timely disbursement of salaries and benefits.
• Handle income tax-related matters, such as calculating income tax, processing reimbursement claims for employees on deputation, and issuing tax and salary certificates.
• Review and update payroll practices to ensure compliance with current regulations and best practices.
• Manage employee benefits programs, health insurance, retirement plans, and the other perks.

Retirement and Final Settlements:

• Calculate retirement benefits and final settlements based on employee entitlements.
• Process and disburse these benefits promptly, following standard policies and obtaining necessary approvals to ensure a smooth transition for retiring employees.
• Provide retirement planning resources and support to employees nearing retirement.
• Ensure all final settlement processes are transparent and fair, maintaining employees’ trust.

Staff Loans and Advances:

• Manage the processing of staff loans and advance cases in line with applicable rules and policies.
• Ensure timely disbursement according to agreed timelines to support employees’ financial needs.
• Review and assess loan applications, ensuring compliance with policy and assessing risk.
• Provide financial counseling and advice to employees on loan and advance options.

Travel, Education, and Scholarship Payments:

• Oversee the processing of travel-related payments and manage education payments and scholarship matters, ensuring timely disbursement.
• Develop and implement policies for travel and education benefits, ensuring they are competitive and supportive of employee development.
• Monitor and manage the budget for travel and education-related expenses.
• Facilitate opportunities for employee growth and development through scholarships and further education.

Pension Administration:

• Ensure the timely disbursement of monthly pensions and calculate entitlements for separated employees.
• Maintain accurate records of pension entitlements and payments.
• Provide information and support to pensioners regarding their benefits.
• Develop and implement improvements to the pension administration process to enhance efficiency and accuracy.

Leave Management:

• Process employee leave cases and issue relevant communications.
• Monitor and address system-related issues and required enhancements in the leave management system.
• Coordinate leave encashment processes to ensure efficiency and accuracy.
• Develop and maintain a comprehensive leave policy that meets the needs of employees and the organization.
• Ensure all leave requests are processed fairly and following policy.

Eligibility Criteria

Educational Qualifications:

• Candidates must hold a Master’s or Bachelor’s degree (minimum of 16 years of education) in Human Resources, Business Administration, Management Sciences, Public Administration, or IT from a Higher Education Commission (HEC) recognized domestic or foreign university.
• Preference will be given to candidates with HR-related certifications.
• Continuous professional development in HR-related areas will be considered an asset.

Age Limits:

• For Deputy Director (OG-3): Maximum age is 38 years as of the advertisement date.
• For Assistant Director (OG-2): Maximum age is 32 years as of the advertisement date.
• Age relaxation may be considered for candidate’s relevant experience.
• Candidates should be willing to undergo regular training and development programs to stay updated with the latest HR trends.

Professional Experience:

• For Deputy Director (OG-3): A minimum of 5 years of relevant and demonstrated experience in the HR function is required.
• For Assistant Director (OG-2): A minimum of 3 years of relevant and demonstrated experience in the HR function is required.
• Experience in a financial institution or a similar corporate environment will be preferred.
• Proven track record of successful HR project implementation and management.

Key Competencies:

• Business Writing and Interpersonal Skills: Strong skills in business writing and interpersonal communication are essential.
• IT and Numeracy Skills: Proficiency in managing and operating computerized payroll and benefits systems is required.
• Teamwork: Ability to work effectively as part of a team and collaborate well with others.
• Data Interpretation: Skill in compiling and interpreting statistical data and communicating it professionally.
• Influencing and Negotiating: Ability to influence and negotiate to implement HR policies effectively.
• Multitasking and Pressure Management: Capability to handle multiple tasks, prioritize workload, and work efficiently under pressure.
• Problem-Solving: Strong analytical and problem-solving skills to address HR-related issues.
• Leadership: Demonstrated leadership abilities, with the capacity to lead HR initiatives and projects.

Application Process

Interested candidates are encouraged to apply online through the SBP careers portal at SBP Careers. The deadline for application to submit is June 10, 2024.

This opportunity at the State Bank of Pakistan offers a chance to contribute to a prestigious institution and play a pivotal role in shaping its human resources landscape.

About the State Bank of Pakistan

The State Bank of Pakistan, established in 1948, is the central bank of the country, responsible for regulating the monetary and credit system to ensure its stability and soundness. The bank plays a crucial role in the economic development of Pakistan, implementing monetary policy, regulating financial institutions, and providing banking services to the government and commercial banks.

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