Punjab & Sind Bank Chief Risk Officer (CRO) Recruitment 2026 – 1 Vacancy | Apply Online at punjabandsind.bank.in

Post-Wise Vacancy & Pay Scale

Contract Terms: The engagement is for an initial fixed tenure of three years, extendable by one year at a time up to a maximum of five years, subject to annual performance review by the Board / Risk Management Committee of the Board. Candidates receive 30 days paid leave per calendar year (not more than 5 days at a time). PF, Gratuity, and Pension do not apply to this contractual role.

Eligibility Criteria & Educational Qualification

Essential Qualification & Experience (as on 17.11.2026)

• Educational Qualification: Graduate Degree from a university or institution recognised by the Government of India or its regulatory bodies.
• Experience: Minimum five years of experience in Corporate Credit and Risk Management at the level of Assistant General Manager (AGM) or above in one or more Public Sector Banks; or in an equivalent senior position with similar roles and responsibilities in one or more regulated lending entities (as determined by the Bank and the CRO Selection Committee), with minimum one year in Corporate Credit and one year in Risk Management.
• Additional Requirement (any one of):
  • (a) Professional certification in Financial Risk Management from the Global Association of Risk Professionals (GARP);
  • (b) Professional Risk Management Certification from the PRMIA Institute;
  • (c) At least two years' experience as Chief Risk Officer in a regulated lending entity where the CRO must be appointed with Board approval under a regulatory requirement.

Desirable Qualifications & Experience

• Chartered Financial Analyst (CFA) charter from the CFA Institute
• Chartered Accountant (CA) qualification from ICAI or equivalent abroad
• Cost and Management Accountant (CMA) qualification from ICAI-CMA or equivalent abroad
• Postgraduate degree in Finance, Economics, Banking, Risk Management, Business Administration, or a related field
• Certification in treasury risk, credit risk, operational risk, cyber risk, climate risk, data analytics, or model-risk management
• Good understanding of market risk, liquidity management, and/or operational risk with exposure to analytics

Nationality Requirement

• Citizen of India, Nepal, or Bhutan
• Tibetan refugee who came to India before 01.01.1962 intending to settle permanently
• Person of Indian origin who migrated from Pakistan, Burma, Sri Lanka, Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, or Vietnam intending to settle permanently – requires a certificate of eligibility from the Government of India

Selection Process & Screening Clause

The selection process for the Chief Risk Officer position comprises the following stages:

1. Preliminary Scrutiny of Applications: Applications are checked against age, qualifications, experience, and other eligibility conditions.
2. Shortlisting: Based on relevant experience, seniority, professional credentials, suitability, and academic track record. Only shortlisted candidates are called for interview. Meeting minimum qualifications does not guarantee a call.
3. Personal Interaction / Interview before the Selection Committee: Assessment of knowledge of credit, market, operational, liquidity, technology, cyber, climate, and other material risks; leadership ability, independence of judgement, regulatory awareness, and ability to interact with the Board and senior management.
4. Verification of Credentials: Verification of vigilance status, integrity, reputation, and antecedents.

Final Selection: Based on marks obtained in the interview, by merit ranking. No written test is mentioned in the notification.

Interview Venue, Date & Time: Will be communicated via call letter sent to the registered email ID only. Candidates attend at their own cost – no TA/DA will be paid.

Important Conditions for Candidature

• Candidates serving in Government / Public Sector Undertakings including Banks must produce a No Objection Certificate from their employer at the time of interview, failing which the candidature will not be considered.
• A valid discharge / relieving letter must be produced before joining.
• Appointment is subject to medical fitness, required qualifications and experience, clearances, verifications, and background checks.
• The engagement is purely contractual and gives no right to claim regular employment or absorption in the Bank.
• Requests to change the interview date, time, or venue will not be entertained.
• Canvassing in any form is a disqualification.
• Any dispute is subject to the sole jurisdiction of the Courts at Delhi; the English version prevails.

How to Apply for Punjab & Sind Bank Chief Risk Officer 2026

1. Log on to punjabandsind.bank.in and on the Home Page under "Recruitment," click the relevant notification.
2. Keep a valid personal email ID and mobile number active until the appointment process ends. Call letters are sent only to the registered email ID.
3. Ensure your name, father's/husband's name exactly match certificates, mark sheets, and identity proof. Any discrepancy may disqualify the candidature.
4. Pay the application fee of Rs. 1,180/- online only. Cash, Demand Drafts, Cheques, Money Orders, and Postal Stamps are not accepted.
5. Submit the application before 17.11.2026. Incomplete or late applications will be rejected. Only the last valid complete application is retained if multiple submissions are made.
6. Once submitted, the application cannot be withdrawn. The fee is non-refundable and cannot be carried forward.

Download Punjab & Sind Bank Chief Risk Officer Official Notification PDF

Required Documents & Instructions for Candidates

• Scanned photograph and signature in formats .png, .jpg, .jpeg, .bmp, .gif
• Scanned thumb impression and handwritten declaration ("I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.")
• Education, experience, reservation certificates and date of birth proof in PDF format only
• Original documents to be carried at the interview; candidates will not be allowed to participate without them
• Two copies of the same passport-size photograph for the interview
• No Objection Certificate from employer (Government / PSU / Bank employees)

Frequently Asked Questions

1. What is the last date to apply for Punjab & Sind Bank Chief Risk Officer 2026?

The online application window for the PSB Chief Risk Officer position runs from 07 November 2026 to 17 November 2026. The exact closing time is not specified in the notification; candidates should submit their applications well before the deadline.

2. What is the application fee for PSB CRO Recruitment 2026?

The application fee is Rs. 1,000/- plus applicable GST, which totals Rs. 1,180/- (including CGST and SGST for New Delhi candidates, or IGST for candidates outside New Delhi). The fee is payable online only, is non-refundable, and cannot be held in reserve for any other selection. Transaction charges are borne by the candidate.

3. Is this a permanent government job or a contractual position?

The Chief Risk Officer engagement is purely contractual for professional services with an initial tenure of three years, extendable by one year at a time up to a maximum of five years. It is subject to annual performance review by the Board/Risk Management Committee. No right to regular employment or absorption in the Bank is created, and PF, Gratuity, and Pension do not apply.

4. What is the salary/pay for Punjab & Sind Bank Chief Risk Officer?

The compensation is negotiated and will be finalised depending upon the suitability of the candidate. The notification does not specify a fixed salary amount. The selected candidate will receive 30 days paid leave per calendar year, not more than 5 days at a time.

5. What are the eligibility qualifications for PSB CRO 2026?

Candidates need a Graduate Degree from a recognized university, at least 5 years' experience in Corporate Credit and Risk Management at AGM level or above in Public Sector Banks (or equivalent in regulated lending entities), plus either a GARP certification, PRMIA certification, or 2 years as CRO in a regulated lending entity. Age must be between 40 and less than 55 years as on 01.11.2026.

6. Is there a written test for PSB Chief Risk Officer selection?

No written test is mentioned in the notification. The selection process comprises preliminary scrutiny, shortlisting, a personal interaction/interview before the Selection Committee, and verification of credentials. Final selection is based on marks obtained in the interview by merit ranking. The interview date, time, and venue will be informed via call letter sent to the registered email ID. No TA/DA will be paid for attending the interview.