Union Bank SO Recruitment – 250 Specialist Officer (Wealth Manager) Posts

Union Bank SO Recruitment | Union Bank of India has officially released the Specialist Officer (SO) Recruitment Notification 2025 for a total of 250 vacancies for the post of Wealth Manager under the Middle Management Grade Scale II (MMGS II). This recruitment drive presents an exciting opportunity for experienced finance professionals to join a leading public sector bank in a high-growth, client-focused role. As a Wealth Manager, selected candidates will be responsible for offering specialized financial solutions and personalized investment advisory services to high-net-worth individuals (HNIs). | Union Bank SO Recruitment

Eligibility Criteria and Educational Qualification

Union Bank SO Recruitment | To be eligible for the Union Bank Wealth Manager post, candidates must have a Bachelor’s degree in any discipline from a recognized university. Preference will be given to those holding certifications such as NISM (Series-V-A/B/C), CFP, CA, CFA, or MBA in Finance. In addition, candidates should have at least 3 years of relevant experience in wealth management, financial services, or portfolio advisory. Proficiency in managing high-value clients and deep knowledge of mutual funds, insurance, and investment products is essential. | Union Bank SO Recruitment

Salary Structure and Benefits

Union Bank SO Recruitment | The selected candidates will be appointed under MMGS II, which offers a basic pay scale of ₹48,170 – ₹69,810, along with DA (Dearness Allowance), HRA (House Rent Allowance), and other allowances as per bank rules. The gross monthly salary is expected to be around ₹75,000 to ₹85,000, depending on the posting location. Additional benefits include performance-based incentives, Leave Travel Concession (LTC), medical insurance, retirement benefits, and an opportunity to grow in the bank’s career ladder through regular promotions and internal exams. | Union Bank SO Recruitment

Important Dates, Selection Process & How to Apply

Union Bank SO Recruitment | The online application process will begin from 08 August 2025 and remain open till 05 September 2025 on Union Bank’s official website https://www.unionbankofindia.co.in. The selection process will include an online examination (covering reasoning, quantitative aptitude, English, and professional knowledge), followed by interviews for shortlisted candidates. Candidates are advised to keep their educational documents, experience certificates, and valid ID proof ready for the application and interview process. This is a golden opportunity for banking professionals seeking a stable, well-paying, and respected position in public sector banking. | Union Bank SO Recruitment

🔗Important Links
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Union Bank SO Recruitment – Overview

Feature	Details
Bank Name	Union Bank of India
Post Name	Wealth Manager (Specialist Officer)
Grade	MMGS II
Pay Scale	₹64,820 – ₹93,960 + Perks (Approx. ₹21 Lakh CTC in Mumbai)
Total Vacancies	250
Application Mode	Online
Apply Dates	05 Aug 2025 – 25 Aug 2025
Official Website	unionbankofindia.co.in

Vacancy Details – Union Bank SO

Category	Vacancies
SC	37
ST	18
OBC	67
EWS	25
UR	103
Total	250

Eligibility Criteria for Union Bank SO

Nationality
To apply for the Union Bank Specialist Officer post, you must meet one of the following nationality criteria:

You must be an Indian citizen, or
A subject of Nepal or Bhutan, or
A Tibetan refugee who came to India before January 1, 1962, with the intention of settling permanently in India, or
A Person of Indian Origin (PIO) who migrated from countries like Pakistan, Burma, Sri Lanka, Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam – and intends to settle in India permanently.
Note: Candidates from outside India must have an eligibility certificate issued by the Government of India.

Age Limit (as on 1st August 2025)

Minimum age: 25 years
Maximum age: 35 years

Candidates from reserved categories are eligible for age relaxation as per government rules:

SC/ST: Relaxation of 5 years (up to 40 years)
OBC (Non-Creamy Layer): Relaxation of 3 years (up to 38 years)
Persons with Benchmark Disabilities (PwBD): Relaxation of up to 10 years
Other relaxations may apply for ex-servicemen, victims of 1984 riots, and other categories as per Union Bank’s recruitment rules.
Educational Qualification (as on 25 Aug 2025)
To be eligible for the Wealth Manager position, you must have:
- A 2-year full-time postgraduate degree in any of the following:
  - MBA (Master of Business Administration)
  - MMS (Master of Management Studies)
  - PGDBA (Post Graduate Diploma in Business Administration)
  - PGDBM (Post Graduate Diploma in Business Management)
  - PGPM (Post Graduate Program in Management)
  - PGDM (Post Graduate Diploma in Management)
- The degree should be from a recognized university or institute approved by the Government of India, AICTE, or UGC.
Additional (Desirable) Certifications:
Candidates who have completed any of the following certifications will have an added advantage:
- NISM – National Institute of Securities Markets
- IRDAI – Insurance Regulatory and Development Authority of India
- NCFM – NSE Academy Certification in Financial Markets
- AMFI – Association of Mutual Funds in India
Work Experience (as on 25th August 2025)
You must have:
- A minimum of 3 years of full-time work experience after completing your qualification.
- The experience should be specifically in the Wealth Management domain, and can be from:
  - Commercial Banks
  - Broking Firms
  - Securities/Investment Companies
  - Asset Management Companies (AMCs)
Job Profile – Specialist Officer (Wealth Manager)
1. Managing HNI Client Portfolios
You will be responsible for serving High Net-Worth Individuals (HNIs) by offering them personalized financial services. This includes:
- Regularly reviewing and managing their investment portfolios
- Providing tailored advice based on their financial goals, income, and risk appetite
- Building strong, long-term client relationships through trust and consistent communication
2. Promoting Financial Products
As a Wealth Manager, you’ll promote and sell various investment and insurance products, such as:
- Mutual funds, fixed income securities, equity products
- Life insurance, health insurance, ULIPs
- Government savings schemes or corporate bonds
  Your goal is to match these products with each client’s financial needs and wealth goals.
3. Financial Planning & Risk Profiling
You will conduct a Financial Needs Analysis (FNA) for every client to:
- Understand their income, expenses, future plans, and risk tolerance
- Perform risk profiling to recommend the right mix of investment options
- Help clients with goal-based planning (e.g., retirement, education, wealth creation)
4. Achieving TRV & AUM Growth
Your performance will be measured through metrics such as:
- TRV (Total Relationship Value) – Total worth of products held by the client with the bank
- AUM (Assets Under Management) – Total investment amount you manage for clients
  You’ll be expected to grow these values consistently through new client acquisition and portfolio expansion.
5. Ensuring Compliance & Documentation
All your activities must be in strict compliance with banking regulations and policies. This includes:
- Accurate documentation of investment transactions and client interactions
- Adhering to KYC (Know Your Customer), AML (Anti-Money Laundering), and other regulatory norms
- Avoiding any mis-selling or non-transparent practices
Salary, Perks & Bond – Union Bank SO Recruitment
- - Basic Pay Structure:
    ₹64,820 – 2,340 (1 year) – ₹67,160 – 2,680 (10 years) – ₹93,960
    This means:
    - You will start at a basic pay of ₹64,820.
    - After completing 1 year, you’ll get an annual increment of ₹2,340, increasing your basic to ₹67,160.
    - From the second year onward, for the next 10 years, you’ll receive an increment of ₹2,680 each year until you reach ₹93,960.
  - Approximate Annual CTC (Cost to Company):
    Around ₹21 lakh per year (if posted in metro cities like Mumbai), which includes:
    - Basic pay
    - Dearness Allowance (DA)
    - House Rent Allowance (HRA)
    - Special Allowance
    - Transport Allowance
    - City Compensatory Allowance (CCA)
    - Other perks like mobile bills, newspaper reimbursement, and leave encashment
  Probation Period
  - You will be on probation for 2 years after joining.
  - During this period, your performance, conduct, and skills will be monitored.
  - You may need to undergo training or assessments before confirmation as a permanent employee.
  Service Bond
  - You must serve the bank for a minimum of 3 years from your joining date.
  - If you leave the job before 3 years, you must pay a penalty of ₹2,50,000 plus applicable taxes.
  - This bond ensures commitment and avoids frequent attrition.
Application Fee
Category Fee (₹)
SC/ST/PwBD ₹177
Others ₹1,180
Payable online; non-refundable.
Union Bank SO Recruitment – Selection Process
- Online Examination (150 questions, 225 marks, 150 mins)
- Group Discussion (50 marks) – Min. 25 to qualify
- Personal Interview (50 marks) – Min. 25 to qualify
Exam Pattern
Section Questions Marks
Quantitative Aptitude 25 25
Reasoning 25 25
English Language 25 25
Professional Knowledge 75 150
Negative marking: 0.25 per wrong answer
How to Apply – Union Bank SO
- Visit Official Website
  Go to the official Union Bank of India website:
  https://www.unionbankofindia.co.in
- Navigate to the Recruitment Section
  On the homepage, scroll down and click on “Recruitments” under the Careers tab.
  Then click on “Current Recruitment”.
  Look for the notification titled “Recruitment of Specialist Officers – Wealth Manager (MMGS II)”.
- Click on “Apply Online”
  You will be redirected to the registration portal.
  Click on “New Registration” and enter your name, mobile number, and email ID.
  A registration number and password will be generated and sent to your mobile/email.
- Fill in the Application Form
  Log in with the registration number and password.
  Enter all required personal, academic, and professional experience details carefully.
  Ensure correctness before proceeding to the next step.
- Upload Required Documents
  You will need to upload the following in the specified format and size:
  Passport-size photograph
  Signature
  Left thumb impression
  Handwritten declaration
  Relevant certificates (e.g., qualification, experience, category, etc.)
- Pay the Application Fee (Online Only)
  Use net banking, credit/debit card, or UPI to pay the fee.
  The fee amount will depend on your category (check the official notification for exact details).
- Final Submission
  Review your entire form one last time.
  Click Submit to complete your application.
- Print Confirmation Page
  After successful submission, download and print the application confirmation page and fee receipt.
  Keep it safe for future reference (e.g., exam, interview, document verification).
Important Dates – Union Bank SO Recruitment
Event Date
Online Application Start 05 Aug 2025
Last Date to Apply 25 Aug 2025
Exam/GD/PI Dates To be announced
Important Links – Union Bank SO Recruitment
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Union Bank SO Recruitment – 250 Specialist Officer (Wealth Manager) Posts | Salary up to ₹21 Lakh CTC

Eligibility Criteria and Educational Qualification

Salary Structure and Benefits

Important Dates, Selection Process & How to Apply

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Category	Fee (₹)
SC/ST/PwBD	₹177
Others	₹1,180

Section	Questions	Marks
Quantitative Aptitude	25	25
Reasoning	25	25
English Language	25	25
Professional Knowledge	75	150

Event	Date
Online Application Start	05 Aug 2025
Last Date to Apply	25 Aug 2025
Exam/GD/PI Dates	To be announced

Union Bank SO Recruitment	Click Hear
Home	Click Hear