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Vacancy Circular No:
Industrial Development Bank of India Bank Limited (IDBI) invites applications for recruitment of Chief Risk Officer
Chief Risk Officer
Number of Vacancy: 1 Posts
| IDBI Recruitment 2022 Recruitment 2022 | Details |
|---|---|
| Job Role | Chief Risk Officer |
| Education Requirement | Any Graduate |
| Total Vacancy | 1 Post |
| Job Locations | Navi Mumbai, Mumbai |
| Age Limit | Age (as on 28.02.2022): Maximum 57 years |
| Experience | 20 - 25 years |
| Salary | Not Disclosed |
| Posted on | 16 Mar, 2022 |
| Last Date To Apply | 31 Mar, 2022 |
Educational Qualification: Any Graduate, MBA/PGDM
IDBI Bank invites applications from eligible Indian citizens for the below mentioned post(on contract basis). Candidates fulfilling required eligibility criteria may send their application to [email protected] on or before March 31, 2022.
Advertisement No.9/ 2021-22
1. Name of the Post: Chief Risk Officer
2. No of Post: 01
3. Contract Period: 3 years (Extendable up to 5 years at Bank’s discretion subject to regulatory / statuary guidelines.)
4. Likely Place of Posting: Mumbai / Navi Mumbai Bank reserves right to post as per Bank’s requirement
5. Annual CTC (approx.): Consolidated remuneration based on experience, Seniority level etc. subject to deduction of taxes as applicable
6. Educational Qualification: Graduate or Post Graduate preferably with MBA(Finance) / Economics/ Risk Management
7. Desirable Qualification:
(i) Professional Certification in Financial Risk Management (FRM) from Global Association of Risk Professionals and/or
(ii) Designated as Chartered Accountant (CA) by the Institute of Chartered Accountants of India, or equivalent abroad, and/or
(iii) Holder of Chartered Financial Analyst (CFA) awarded by CFA Institute,
8. Specific Skill Required: Strong analytical and dispute resolution and interpretation skills. Mathematical / Statistical Model/ Analytical skills. Presentation skills. External relationship management with respect to regulators, legislators and other key constituents.
9. Work Experience (as on 28-02-2022): Minimum 20 years’ of Experience in a Bank (India/ Abroad)/ Financial Institution/ BFSI/ Economic Research with at least 4 to 5 years’ experience in Risk function of a Bank.
10. Job Profile:
a. To evolve risk profile of the bank, and design framework to assess, measure, and manage risks associated with various business activities of the bank.
b. To develop risk culture and risk framework based on risk appetite for the bank
c. Develop comprehensive risk management framework, processes, tools to assess, identify, measure and prevent risks
d. Ensure that the bank’s risk organization is operating in a controlled and fully documented environment
e. Ensure that the entire risk spectrum across market /operational/credit risks are properly managed
f. Ensure the supervision funding/liquidity risks including capital limits
g. Ensure regulatory compliant risk governance including effectiveness and compliance with the bank’s policies and evaluate the effectiveness of controls designed to address risks
h. Ensuring a system-wide view and understanding of the combined risks of the business and their inter-relationships (interest rate risk, liquidity risk, operating risk, credit risk, reputational risk, regulatory risk).
i. Continuously developing, enhancing and embedding the risk framework for managing risks across the institution, ensuring that processes are fit for purpose.
j. Establishing an early warning or trigger system for breaches of the bank’s risk appetite or limits; influencing and, when necessary, challenging material risk decisions.
Pay Scale: INR Not Disclosed
Age Limit: Age (as on 28.02.2022): Maximum 57 years
Selection Procedure
1. The selection process will comprise of:-
(i) Preliminary screening and shortlisting based on the eligibility criteria, candidate's qualifications, suitability/ experience, etc. submitted with the applications.
(ii) The candidature, after preliminary screening and without verification of documents, will be provisional for the position and will be subject to verification of all details/ documents with the originals when a candidate reports for PI (if called).
(iii) Only such shortlisted candidates who qualify in Personal Interview and are sufficiently high in the merit list will be shortlisted for further selection.
(iv) The center & address of the venue, time and date of interview will be informed to the shortlisted candidates through e-mail / call letter and candidates have to attend the same at their own cost. Request for change of center/date/time will not be entertained. However, the Bank reserves its right to change/ add/ cancel the date, time, center, venue for the PI or hold supplementary selection process on particular date/ session/ venue/ center for set of candidates at its discretion, under unforeseen circumstances, if any. The changes, if any, shall be intimated to the candidates through Bank's website and/or candidate’s registered email in advance.
(v) Selection will be on the basis of marks secured by the candidate in PI. Bank may change the mode of selection depending upon the number of suitable candidates.
(vi) The final selection of candidate is subject to qualification in PI, being sufficiently high in the merit list, being declared medically fit as per the Bank’s standards of fitness and fulfilling the stipulated eligibility criteria as on the cut-off date.
(vii) In case, more than one candidate scores the cut off marks (common mark at cut off point); such candidates will be ranked according to their age in descending order.
(viii) The Bank reserves the right to call only a requisite number of candidates for the Interview post preliminary shortlisting of applications. The Bank’s decision in the matter shall be final, irrevocable and without any recourse to the applicants.
2. Mere eligibility, admission/qualification in PI does not imply that the Bank is satisfied beyond doubt about the candidate's eligibility and it shall not vest any right in a candidate for selection. The Bank would be free to reject the candidature of any candidate at any stage of recruitment process, if he/she is found to be ineligible and/or furnished incorrect or false information/ certificates/ documents or has suppressed any material facts. If appointed, such a candidate may be summarily removed from the services of the Bank.
How to Apply:
a. Candidates are required to send their application to “[email protected]” mentioning the Name of the Post in the subject line.
b. Intimation will be sent to the candidate’s email ID/ Mobile Number specified in the application form. If candidates do not receive the email / SMS intimations at the email ID/ Mobile number specified by them, they may consider that their application has not been successfully registered.
c. An application which is incomplete in any respect such as without photograph and signature uploaded in the application form will not be considered as valid.
d. Any information submitted by a candidate in his/ her application shall be binding on the candidate personally and he/ she shall be liable for prosecution/ civil consequences in case the information/ details furnished by him/ her are found to be false at a later stage.
Important Dates:
Published on: 17 March 2022For more details, please refer to official notification at Download Official Notification