Indian Bank, a leading Public Sector Bank, has released an advertisement inviting applications from Indian
Citizens for engagement as Product Owner on contractual basis. Aspiring candidates can get all the details regarding the recruitment drive through the official website – https://www.indianbank.in. Indian Bank with headquarters in Chennai and having geographical presence all over India is providing a great a great opportunity for those looking to become Product Owners in the banking sector.
Indian Bank Product Owner Recruitment Overview 2022
| Indian Bank Product Owner Recruitment 2022- Overview | |
| Name of the Recruiting Organization | Indian Bank |
| Post | Product Owner |
| Number of Vacancies | 11 |
| Online Application Starting Date | 18th August, 2022 |
| Final Date for Submit the application | 3rd September, 2022 |
| Place of work | Chennai or as decided by the Bank |
| Leave | 12 days Casual Leave (out of which not more than 4 days leave can be availed at a stretch). |
| Selection Process | to be notified |
| Official Site | www.indianbank.in |
Indian Bank Product Owner Recruitment Notification 2022
Indian Bank Product Owner Recruitment – Important Dates 2022
| Events | Important Dates |
| Notification Release Date | 18th August 2022 |
| Online Application Begin | 18th August 2022 |
| Online Application Ends | 09th September 2022 |
Indian Bank Product Owner Vacancy 2022
According to the official notification released by Indian Bank, there are a total of 11 vacancies for the post of Product Owner. The recruitment will be on a fixed contractual basis for a term of 3 years, renewable every year, subject to a maximum term of five years. The performance will be reviewed on annual
basis. The product wise vacancies are as shown in the table below:
| Vertical | Role | Number of Vacancies |
| Retail | Personal loans | 1 |
| Home loan and other mortgage loans | 1 | |
| Vehicle loans | 1 | |
| Agri | Investment credit (farm mechanization, warehouses etc.) | 1 |
| MSME | Value Chain Finance | 1 |
| Digital Assets | Mobile Banking / Internet Banking for omni channel revamp | 3 |
| Digital Marketing | Head of Digital Marketing | 1 |
| Analytics | Data Analyst | 1 |
| Data Scientist | 1 | |
| Total | 11 |
Indian Bank Product Owner Salary Scale 2022
The bank has not disclosed the pay scale but has mentioned that it will be negotiable and will not be a limiting factor for suitable candidate. Those who are recruited will also be eligible for Performance Linked Variable Pay which will be over and above the Fixed Salary but linked to the achievement of specific
targets.
Indian Bank Product Owner Eligibility Criteria 2022
Applicants are urged to go through the eligibility criteria laid by Indian Bank before applying for the post. Bank would be free to reject any application at any stage of the recruitment process, if the candidate is found ineligible. Read on to know about all the criteria laid by the bank.
Age Limit
According to the Indian Bank’s official notification, the minimum age for applicants for all posts is 30 years and maximum age is 50 years. The cut off date for age calculation is 1st July, 2022.
Nationality
Educational Qualification
| Role | Educational Qualification |
| Personal loans | · Masters or equivalent in management, Bachelors or equivalent in IT, technology fields
· Product Management certifications desirable · |
| Home loan and other mortgage loans | · Masters or equivalent in management, Bachelors or equivalent in IT, technology fields
· Product Management certifications desirable |
| Vehicle loans | · Masters or equivalent in management, Bachelors or equivalent in IT, technology fields
· Product Management certifications desirable |
| Investment credit (farm mechanization, warehouses etc.) | · Mandatory qualification of either graduate in Agriculture or related sciences or postgraduate in Agri Business Management or similar fields
· Optional qualification of master’s or equivalent in management, Bachelors or equivalent in IT, technology fields, Product Management certifications |
| Value Chain Finance | · Masters or equivalent in management, Bachelors or equivalent in IT, technology fields
· Product Management certifications desirable |
| Mobile Banking / Internet Banking for omni channel revamp | · Masters or equivalent in management, Bachelors or equivalent in IT, technology fields
· Product Management certifications desirable |
| Head of Digital Marketing | · Master’s degree or equivalent in Management, Marketing, IT, Media, technology fields |
| Data Analyst | · Bachelor’s degree in Computer/System Science, Mathematics, Econometrics, Statistics, Data Analytics, or other engineering field |
| Data Scientist | · Bachelor’s degree in Computer/System Science, Mathematics
· Econometrics, Statistics, Data Analytics or other engineering field |
Work Experience
| Role | Work Experience |
| Personal loans | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· Experience in personal loans, pension loans, loans to self employed individuals |
| Home loan and other mortgage loans | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· Experience in home loans / assets |
| Vehicle loans | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· Experience in secured retail loans / assets with hypothecation |
| Investment credit (farm mechanization, warehouses etc.) | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· Experience in Agri loans / assets in agri investment credit and agri infrastructure · |
| Value Chain Finance | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· |
| Mobile Banking / Internet Banking for omni channel revamp | · 5+ years of product management experience in PSBs, private sector banks or NBFCs
· Experience of working on transaction banking on digital channels · Experience of mobile/ internet/ tab/ Whatsapp banking, payments, personal finance management, digital customer experience · |
| Head of Digital Marketing | · 15+ of marketing experience (with 10+ years of digital marketing experience)
· 7+ years of team management experience · Knowledge of digital marketing tools available in the market |
| Data Analyst | · 2+ years of experience working with data analytics and visualization
· Core Experience in the following tools – Data tooling, Tableau 10, Alteryx, additional – QlikSense, QlikView, R, Python, SAS, SQL, R Shiny · Experience in Digital/Web Analytics, customer segment analytics, personalization, portfolio analysis, cross-sell analytics, risk analytics, financial analytics, funnel analysis etc. · Working knowledge of Hadoop, SQL, Oracle |
| Data Scientist | · 2+ years of experience in advanced analytics, data science
· Experience in core analytic methods such as predictive modelling, customer segmentation/clustering, fraud detection analysis, Artificial Neural Network (Deep Learning), SVM, Random Forest etc. · Exposure to risk evaluation, credit risk modelling · Experience with software tools and technologies (e.g. Python, R) · TensorFlow, Scikit, SAS, C/C++, Perl, Spark, PySpark, Scala) · Working knowledge of Hadoop, SQL, Oracle · Good applied statistics skills, such as distributions, statistical testing, regression, Google analytics, Machine learning, predictive analytics etc. |
Skills (Desired)
| Role | Desired Skills |
| Personal loans | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Communicate effectively with developer talents and vendors · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, ability to pivot based on data insights · Strong knowledge of product management tools and best practices – workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint · Understanding of risk management · |
| Home loan and other mortgage loans | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Communicate effectively with developer talents and vendors · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, ability to pivot based on data insights · Strong knowledge of product management tools and best practices -workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint · Understanding of risk management |
| Vehicle loans | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Communicate effectively with developer talents and vendors · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, ability to pivot based on data insights · Strong knowledge of product management tools and best practices – workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint · Understanding of risk management · |
| Investment credit (farm mechanization, warehouses etc.) | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Communicate effectively with developer talents and vendors · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, ability to pivot based on data insights · Strong knowledge of product management tools and best practices -workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint · Understanding of risk management |
| Value Chain Finance | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Ability to communicate effectively with developer talents and vendors · Significant expertise in financial services, banking sector · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, KPIs, ability to pivot based on data insights · Strong knowledge of product management tools and best practices – workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint · Understanding of risk management · |
| Mobile Banking / Internet Banking for omni channel revamp | · Collaborate with multiple stakeholders across departments like on-ground branch teams, collections, digital teams
· Communicate effectively with developer talents and vendors · Significant expertise in financial services, banking sector · Ability to prioritize tasks basis business understanding · Strong analytical skills, comfortable reviewing and analyzing business performance metrics, KPIs, ability to pivot based on data insights · Strong knowledge of product management tools and best practices – workflow management tools like JIRA, Asana or Slack, Root cause analysis, retrospectives, etc. · Understanding of MS Excel, Access, Word and PowerPoint |
| Head of Digital Marketing | · Timely execution of digital marketing campaigns
· Adoption of digital marketing campaigns across Bank products · Bank’s presence and reach across Social Media · Optimize cost per lead/ RoI of digital marketing campaigns · Internal peer feedback |
| Data Analyst | · Collaborate with business / owner departments for use cases
· Ability to communicate effectively with advanced analytics talents, HR, other stakeholders · Banking industry understanding (Finance / FinTech Experience) · Strong analytical (numeric and logical) skills · Ability to analyse problems, apply quantitative analytical approaches |
| Data Scientist | · Collaborate with business / owner departments for use cases
· Ability to communicate effectively with Advanced Analytics talents, HR, other stakeholders |
Indian Bank Apply Online Link 2022
- Before applying for the post, candidate should ensure that they fulfill all the eligibility and other norms as laid by the bank. Only those candidates who fulfil the eligibility criteria will be called for interview and intimated by email.
- Candidates are required to have a valid personal email ID and Mobile number for
contact. - Applications should be sent as per the prescribed format along with copies of all the credentials in a closed envelope super scribed “Application for Engagement as Product Owner on Contract Basis” to the following address: General Manager (CDO), Indian Bank Corporate Office, HRM Department, Recruitment Section 254-260, Avvai Shanmugham Salai, Royapettah, Chennai, Tamil Nadu – 600 014
- An application fee of Rs. 1000 (inclusive of taxes) should be paid through Internet Banking / NEFT/RTGS. The Reference number/ UTR Number shall be specified in the Application form.
Documents Required
- Proof of date of Birth
- Mark sheet and Passing certificate of all Educational, Technical / Professional qualifications
- Experience certificate(s) specifying designation / job profile, period of service (with specific dates), emoluments, activity profile of previous and present employers, etc.
- Photo Identity proof and Address proof
Important points to be noted before registration
Before applying online, candidates should:
- Aspirant’s scanned photograph(adhere to the required specifications as given in Annexure-II to this advertisement) and signature(adhere to the required specifications as given in Annexure-II to this advertisement).
- Aspirants have a valid email ID and mobile number, which should be kept active till the completion of this Indian Bank Recruitment 2022. Bank may send admission tickets/call letters for the Examination etc. through the registered e-mail ID. Aspirants are advised to keep their e-mail ID active for receiving advice, viz. call letters/examination date advices etc. If the communication sent to a registered e-Mail ID / mobile number fails to get delivered for any reason Bank will not take any responsibility.
Application Fee
Applicants have to pay an application fee of Rs. 1000 to the following account:
Account Name : Engagement as Product Owner on Contract Basis – 2022
Account No : 7261065878
Bank & Branch : Indian Bank, Royapettah
Account Type : Current Account
IFSC Code : IDIB000R021
Indian Bank Product Owner Selection Process 2022
The applications received from the candidates will be screened and shortlisted on the basis of eligibility and relevant experience. The selection will be done in the following manner.
- The requisite number of shortlisted candidates will be called for interview for final selection. If more number of Applications received a preliminary scrutiny process (Group Discussion, Interview etc.) may be conducted.
- The final selection will be made on the basis of eligibility, experience, qualification and performance during interaction / interview.
- The interaction / interview will be conducted by a committee constituted for the purpose.
- Mere satisfying the eligibility norms do not entitle a candidate to be called for interview.
- The Bank reserves the right to reject any application not suiting the Bank’s requirements without assigning any reason whatsoever and call only the requisite number of candidates out of those who fulfill the eligibility criteria as may be required for the post.
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