Canara Bank SO Salary and Job Profile: Job Profile, Allowances

Canara Bank SO Salary and Job Profile: Job Profile, Allowances

ByAkash Mishra  |  Updated on: Jan 12, 2021
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Canara Bank SO Salary and Job Profile 2021

The attractive features of Canara Bank SO Salary 2021 and Job Profile attract candidates to apply for this exam. This year Canara Bank SO has released a total of 220 vacancies for the posts of JMGS-I, MMGS-II, and -III. This year there is a special recruitment drive in ST Category for MMGS-II (manager) and MMGS-III (senior manager) scales.

Before you attempt the qualifying exam, you should know about the details of the Canara Bank SO Salary structure and work profile, increments, allowances, and other perks. All the details regarding Canara Bank SO job profile and salary are laid down hereunder for your convenience.

Canara Bank SO Salary 2021

There are different salary structures allocated to the different Canara Bank SO Job Scales. Below you will find all scale-wise salary-related information. Canara Bank SO Salary Slip also shows all Canara Bank SO Salary Structure details.

Canara Bank SO Scale Wise Salary and Emoluments:

The below-given table covers the vital information as per salary revision Joint Note dated 25.05.2015-

Scale

Salary and Emoluments

JMGS-I

INR 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020

MMGS-II

INR 31705 – 1145/1 – 32850 – 1310/10 – 45950

MMGS-III

INR 42020 – 1310/5 – 48570 – 1460/2 – 51490

Allowances:

Allowances like DA (dearness allowance), house rent allowance (HRA), compensatory city allowance (CCA), medical aid, leave fare concession; and perquisites like furniture and conveyance depend on the place of posting and will be paid as per the Bank rules. The allowances can be tabulated as follows –

Allowance category

Amount

DA

36% of the basic salary

HRA

7 to 9% of the basic salary

Special allowances

7.75% of the basic salary

CCA

0, 3, or 4% of the basic salary depending upon the grade of the residence city

Provident fund (PF) contributions 

INR 3000 to 5000

There are a few other benefits that are a part of Canara Bank SO Salary 2021. These include the less frequent transfer of job locations. The promotions are also unaffected by this, and officers are considered for a similar level of promotional opportunities as other bankers.

Canara Bank SO Probation and Bond

At the time of joining after final selection, the candidates are asked to sign a bond to accept a minimum period of service. The candidates are required to serve a probation period before they smoothly transit to the major responsibilities of the job. The periods for probation and bond are tabulated below –

Scale

Probation period

(Active Service)

Bond

Amount

Minimum service period

JMGS-I

2 years

INR 1 Lakh + GST

Two years

MMGS-II

1 year

INR 1 Lakh + GST

Three years

MMGS-III

1 year

INR 1 Lakh + GST

Three years

On successful joining as JMGS-I/MMGS-II/MMGS/III, you will serve a probation period. During this probationary period, your performance is subjected to continuous assessment.

Canara Bank SO Job Profile 2021

The Canara Bank SO has very role-specific job responsibilities. Each of the Canara Bank SO Job Responsibilities for every role called for recruitment is elaborated below for the candidate's benefit. 

Canara Bank SO Job Profile 2021 For Backup Administrator:

  • Installation, configuration, and administration of the backups utilizing backup software as required by the Bank
  • Backup restoration and readability as required by bank policy
  • Backup software tools capacity planning.
  • Configuration of backup appliance/ tape library/ backup software
  • Flexibility of Backup
  • Management of backup configurations of  different operating systems such as Linux, Windows, Unix, etc
  • Acquiring knowledge of different kinds of RDBMS

Canara Bank SO Job Profile 2021 For Extract, Transform & Load (ETL) Specialist:

  • Designing of ETL architecture, data flow, and drawing template for general business rules
  • Outline approaches for data staging, data collection, analytics delivery, data movement, data archiving, and data quality

Canara Bank SO Job Profile 2021 For BI Specialist:

  • Designing & Developing reports in multiple formats, including Scorecards, Dashboards, etc
  • Developing queries/scripts to meet reporting requirements

Canara Bank SO Job Profile 2021 For Antivirus Administrator:

  • Antivirus server configuration. 
  • Troubleshooting, monitoring, and deployment for Antimalware, HIPS, etc

Canara Bank SO Job Profile 2021 For Network Administrator:

  • Adding and maintenance of Network Equipment and Network
  • Troubleshooting, network administration, and network monitoring
  • Liaisoning with the telecom service providing company/agency
  • Acquiring knowledge of HP Open View etc
  • Routing and switching
    • In routing using Border Gateway Protocol(BGP)
    • Drawing up specifications for procurement of Network devices, such as  routers
  • Implementation of Network Admission Control (NAC)

Canara Bank SO Job Profile 2021 For Database Administrator:

  • Oracle / SQL SERVER RDBMS Database Administration
  • Oracle Real Application clusters and any change data capture solutions knowledge acquisition
  • Maintaining clearing problems in Database and Generation of DBA Report
  • Oracle parameters defining. 
  • Installation, configuration, and administration of databases as per the requirement of Bank
  • Cluster Configurations (RAC, Active-Passive Clustering) w.r.t Databases.
  • Configuration of DR (Standby's) databases, maintenance of data guard/log shipping configurations
  • Application of database patches and hardening of the databases
  • Purging, troubleshooting, backup, archiving, reorganization of the database;
  • Performance Tuning etc
  • Implementation of all the new features w.r.t the databases
  • Installation/ Configuration/Administration of Oracle Enterprise Manager and integrating of RDBMS into OEM

Canara Bank SO Job Profile 2021 For Developer/ Programmers:

  • Using Java Technology for development
  • Acquiring knowledge of Oracle, MS SQL, and other significant databases
  • Implementation of security improvements by assessment of the current situation

Canara Bank SO Job Profile 2021 For System Administrator:

  • Monitoring, maintenance, management, and administration of hardware and software
  • All system administration responsibilities w.r.t Windows/Linux Systems of all versions
  • Configuration management of Linux/Windows etc.
  • Patch management 
  • Project Management for CBS/Network etc.,

Canara Bank SO Job Profile 2021 For SOC Analyst:

  • Analysis of logs, root cause analysis,  monitoring of security solutions of SOC, alerts and incident management, troubleshooting, back up maintenance, health status checkup of SOC, DR drill of SOC, and version upgradation
  • Perform reverse engineering on malware as needed to support investigation and analysis
  • Identify suspicious binaries, identify traits, C2, and develop a network and host-based IOCs
  • Writing and Scripting for threat hunting

Canara Bank SO Job Profile 2021 For Manager – Law:

  • Submission of opinions on different legal issues, vetting, drafting, and negotiating deeds, agreements, contracts, documents or Bank Guarantees
  • Operational functionaries in understanding and mitigating the legal risk in negotiations, deals, projects, contracts, etc., and in the conduct of litigations, including attending the quasi-judicial forum /judicial/ whenever deemed necessary. 
  • Offer a legal opinion.
  • Determining acceptability of the title to the immovable properties offered as security
  • Examination of loan associated documents.
  • Death Claims Processing

Canara Bank SO Job Profile 2021 For Cost Accountant:

  • Undertake break-even studies and cost-benefit analysis for Bank's services, products, and various business lines

Canara Bank SO Job Profile 2021 For Chartered Accountant

  • Evaluation of rehabilitation proposals/Adhoc facilities/ restructuring any other type of business or general proposal pertaining to the unit. Conducting the due diligence on credit proposals assigned.
  • Assisting the Branches to achieve income & advances targets
  • Maintaining  Turn Around Time for processing new/ existing proposals
  • Monitoring and tracking relevant improvements in the industries/ activities in which the borrowers have interests/ borrowers operate
  • Collection of data from various Wings for preparation of Ind AS financial statements as per RBI prescribed formats
  • To make accurate computation as required under Ind AS like staff cost, EIR, etc.
  • Computation and preparation of the Bank's investment portfolio. Undertake Re-computation as required under Ind AS like EIR, staff cost, etc., with taking the effect of post MOC.
  • Computation of Leverage Ratio and CRAR adhering to the BASEL norms
  • Filing of XBRL returns for, Leverage ratio, RCA III, and BS analysis
  • Preparation of CFS (Consolidated Financial Statement), CRAR and Leverage Ratio,  Filing of Tranche ROR ALE returns, all adhering to BASEL norms (Consolidated).  Banking Group return.
  • Monitoring capital adequacy of the Bank for augmenting the same
  • Prepare five-year and quarterly projections for the Capital plan of the Bank.  
  • Preparation of financial soundness indicator (FSI), SRS, QIS, CPR, data pertaining to Balance Sheet

Canara Bank SO Job Profile 2021 For Manager – Finance:

  • Analysis & appraisal of credit proposals, including Adhoc facilities/ restructuring/rehabilitation proposals/ any other type of business or general proposal pertaining to the unit and carrying out of Due diligence on credit proposals assigned.
  • Assisting Branches in achieving Income & advance targets
  • Adhering to Turn Around Time for processing New/ Existing proposals.
  • Tracking and monitoring important developments in the industries/ activities in which the borrowers operate/ have interests.

Canara Bank SO Job Profile 2021 For Information Security Analyst:

  • Review of IT projects in terms of information security, preparing controls for security in various platforms like virtualization, Cloud, etc.
  • IT Risk assessment and mitigation, along with new cybersecurity solutions. 
  • Review of coding practices etc.
  • Work in shifts and all areas of IT, security, and cybersecurity.

Canara Bank SO Job Profile 2021 For Ethical Hackers & Penetration Testers:

  • Conducting red teaming, ethical hacking assessments, VAPT, Dynamic Application Security Testing, Identifying security risks in Bank's systems and providing remedial measures, validation of assessments, etc
  • Work in shifts and all areas of IT, security, and cybersecurity.

Canara Bank SO Job Profile 2021 For Cyber Forensic Analyst:

  • Conducting Forensic analysis of cybersecurity incidents, SOC forensic analysis
  • Making policies, SOPs and guidelines for saving evidence, the chain of custody, etc
  • Preparation of forensic documentation, reporting, etc
  • Work in shifts and all areas of IT, security, and cybersecurity.

Canara Bank SO Job Profile 2021 For Data Mining Experts:

  • Business Requirement to conceptualize the Data Mining model
  • Device model framework and choose the modelling technique
  • Map and evaluate the solution envisioning of the Data Mining architecture
  • Implement model, do validation and utility check, model deployment, summarization and visualization

Canara Bank SO Job Profile 2021 For OFSAA Administrator & OFSS Techno-Functional:

  • Design and develop a software component within the OFSAA platform
  • Data modelling using ERWIN
  • Securing OFSAA high availability, application backup, and cloning, etc

Canara Bank SO Job Profile 2021 For Base 24 Administrator:

  • Configure the tandem server
  • Should work as Base 24 administrator
  • Achieving security improvements

Canara Bank SO Job Profile 2021 For Storage Administrator:

  • Disk allocation, reclamation along with day to day operation
  • Monitoring of storage and Capacity planning
  • Zoning of SAN devices
  • All work-related to storage

Canara Bank SO Job Profile 2021 For Middleware Administrator:

  • Maintenance and Administration of Middleware
  • Security according to the current situation

Canara Bank SO Job Profile 2021 For Data Analyst:

  • Analysis and inputs for data-driven decision making
  • Acquiring knowledge w.r.t Macros, VBA to handle large data

Apart from the above profile-specific work, candidates must also be able to evaluate the latest trends. They must be able to anticipate requirements and make all the necessary changes to keep the organization secure. Also, they should be willing to do any other job assigned by the Bank from time to time.

Canara Bank SO Salary FAQs

  • There are four categories into which the promotion order of Canara Bank SO is divided: 

    Management level

    Scale

    Name of post

    Top management

    Scale 7

    General manager

    Scale 6

    Deputy general manager

    Senior management

    Scale 5

    Assistant general manager

    Scale 4

    Chief manager

    Middle management

    Scale 3

    Senior manager

    Junior management

    Scale 2

    Manager

    Scale 1

    Officer/Assistant manager

  • The different Indian cities have been divided into the following grades- Metro Cities, State Capitals, and District Level, and Rural Areas.

  • Canara Bank may change the Canara Bank SO Salary Structure 2021 as per their discretion without any prior notification if it deems fit.

  • If any employee could not achieve the minimum standards of Scale-I (JMGS-I) stipulated by the Bank, the services of the employee can be terminated.

  • The selected specialist officers will have to execute a bond at the time of joining to serve the Bank for a minimum period as prescribed by the Bank.

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