Union Bank of India Invites Application for Chief Risk Officer Recruitment 2021

Vacancy Circular No:

Union Bank of India
invites applications for recruitment of Chief Risk Officer

Chief Risk Officer

Number of Vacancy: 1 Posts

Educational Qualification: CA

Recruitment Of Senior Executive/ Domain Experts In Union Bank Of India On Contract Basis

1. Position Name: Chief Risk officer

2. Total Vacancy: 01

3. Educational Qualification:

Mandatory educational qualification: Graduate Degree with:

i. Professional certification in Financial Risk Management from Global Association of Risk professionals, OR

ii. Professional Risk Management Certification from PRMIA Institute, OR

iii. Two years’ experience as CRO in such regulated lender(s) in respect of which there is regulatory requirement of appointing CRO with Board approval.

4. Desirable additional Qualification:

i. Holder of Chartered Financial Analyst awarded by CFA Institute, OR

ii. Designated Chartered Accountant by the Institute of Chartered Accountant of India or equivalent abroad, OR

iii. Designated as a Cost and Management Accountant by the Institute of Cost Accountant of India or equivalent abroad.

5. Experience (As on 29.12.2021):

a. Mandatory experience:

Five years’ experience in corporate Credit and risk management at the level of Assistant General Manager or above in one or more PSBs, or having similar role and responsibilities in one or more regulated lending entity (in the opinion of the CRO-recruiting PSB and its CRO Selection Committee), with minimum experience of one year in corporate credit and one year in risk management.

b. Desirable additional Experience: Good understanding of market risk and / or liquidity management and /or operational risk, with exposure to analytics being an added desirable experience.

6. Skills & Job Description / Key Responsibilities:

Responsible for overall supervision of Risk Management function of the Bank. Overseeing the functioning of each of the Risk Management Division. Ensuring continuous improvement in the Risk Management Practices/policies of the Bank. Attending Credit Approval Committee (CAC) meetings. Representing the Bank at inter-bank forums like IBA, CAFRA, CORDEX or any other such forums on risk management related issues.

7. Remuneration:

i. The remuneration will be offered based on candidate’s qualifications, experience and overall suitability for the respective posts based on the negotiations and shall not be a limiting factor for suitable candidate. The compensation will be on CTC basis.

ii. The contract employee will be liable for tax liabilities as per Income Tax Act & Rules in force and the tax will be deducted at source. The amount of compensation being cost to the Bank will be inclusive of any statutory payments that Bank may be required to pay on behalf of the contract appointee.

8. Location Of Posting: 

The location of the posting shall be Mumbai. However, the candidate may be posted to work with the team(s) within the organization/parent organization/any subsidiary of the parent organization if and deemed necessary.