Union Bank of India jobs for Chief Risk Officer in Mumbai. Last Date to apply: 29 Dec 2021
Job Description
Union Bank of India invites application for the position Chief Risk Officer
Total Vacancy: 01
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.
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.
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.
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.
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.
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.
Age Limit: Age as on (01/12/2021): 35 - 55 yrs
Application Fees: Non-Refundable Application Fee Rs. 1000.00 (inclusive of GST). The fee is to be deposited with the Bank through online mode on or before the last date for payment of fee
Job Particulars
Role hr admin
Education CA
Who can apply Experienced (3+ Years)
Hiring Process Face to Face Interview
Employment TypeFull Time
Job Id1367873
Job Category Govt Jobs , Bank , 1 to 3 Yr Exp , Recruitment
Locality Address
State Maharashtra
Country India
About Company
Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity and the Government of India holds 83.50 percent in Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.2020. Today, it has a network of 9300+ domestic branches, 11800+ ATMs, 8216 BC Points serving over 120 million customers with 77000+ employees .The Bank’s total business as of 31st March 2021 stood at Rs.15,77,489 crore, comprising Rs. 9,23,805 crore of deposits and Rs. 6,53,684 crore of advances. The Bank also has 3 branches overseas at Hong Kong, Dubai International Financial Centre (UAE) & Sydney (Australia); 1 representative office in Abu Dhabi (UAE); 1 banking subsidiary at London (UK); 1 banking joint venture in Malaysia; 4 para-banking subsidiaries (domestic); 3 joint ventures(including 2 in life insurance business) and 1 associate - Chaitanya Godavari Gramin Bank. Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources.
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