Bank of Maharashtra Recruitment 2021 | Chief Risk Officer Jobs in Pune Apply before 17.06.2021

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Bank of Maharashtra Recruitment 2021 | Chief Risk Officer Jobs in Pune, Bank of Maharashtra announced job notification for the post of Chief Risk Officer base on Headquarter Pune. Interested candidates can apply for this job openings on and before 17.06.2021. Bookmark our site for latest Maharashtra Govt Jobs.
BANK OF MAHARASHTRA, leading listed Public Sector Bank with Head Office in Pune and more than 1900 network of branches invites offline application from candidates for engagement of CHIEF RISK OFFICER on Contract Basis for the fixed period of three years, extendable by one year at a time subject to maximum term of 5 years shall be posted at Head Office, Pune or any other office as per Bank’s requirement.

Bank of Maharashtra Chief Risk Officer Vacancy details

Post Name: Chief Risk Officer
No. of Vacancies: 01
Salary: Remuneration / Pay Compensation will be market linked and will not be a limited factor for a suitable candidate and can be negotiated. Other terms and Conditions of engagement will be depending upon the suitability of the candidate.
Tenure of Appointment: On a fixed contractual term of three years and extendable by one year at a time, subject to maximum term of five years.
Mandatory Qualification: Graduate Degree, with - 
(a) Professional certification in Financial Risk Management from Global Association of Risk Professionals or 
(b) Professional Risk Management Certification from PRMLA Institute;
Desirable Qualification: 
a) Holder of Chartered Financial Analyst Charter awarded by CFA Institute, OR 
b) Designated as Chartered Accountant by the Institute of Chartered Accountants of India, or equivalent abroad, OR 
c) Designated as a Cost and Management Accountant by the Institute of Cost Accountants of India, or equivalent abroad.
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 roles and responsibilities in one or more regulated lending entity, with minimum experience of one year in corporate credit and one year in risk management.
Desirable Experience: Good understanding of market risk and/or liquidity management and / or operational risk, with exposure to analytics being an added desirable experience.
Job Profile: 
(a) Focus on creating, designing and implementing a risk function that supports the strategic goals of the Bank. Setting the vision and strategy of the Enterprise Risk function working in conjunction with Top Management/Zonal Heads of the Bank.
(b) Developing, managing and refining qualitative and quantitative risk reporting which meets the needs of the Credit Risk Management Committee, Operational Risk Management Committee, Market Risk Management Committee, Asset Liability Committee, Risk Management Committee and Board of Directors in order to support effective decision making. Build a robust risk management framework and architecture for the Bank bringing together a number of teams (operational risk, credit risk, interest rate risk, market risk, stress testing, modeling and analytics) and managing the enterprise wide risk.
(c) Building and leading a highly collaborative and proactive risk function that is able to navigate the increasingly complex business and regulatory environment that the Bank operates in. Ensuring a system wide view and understanding of the combined risks of their business and their inter-relationships.
(d) Formulating and articulating a coherent risk appetite and Page 3 of 10 infrastructure. Embedding a positive culture of confident and informed risk taking through training, communication and promotion of the agreed risk framework. Responsible for compiling, assessing and reporting risk information to the top management and the Board.
(e) Developing risk maps and formulating strategic action plans to help minimize, manage, and mitigate primary risks and then monitor the progress of these efforts. Creating and disseminating risk analysis reports and progress reports to different stakeholders, including employees, board members. Ensuring that risk management priorities are reflected in the company's strategic plans.
(f) Formulating and implementing risk assurance strategies that are related to the transmission, storage, and use of information and data systems. Evaluating possible operational risks that may arise from human error or system failures, which might disrupt or affect business processes. The CRO also develops different strategies to minimize risk exposure and designates appropriate responses for when human errors or system failures occur.
(g) Measuring the organization's risk appetite, and setting the amount of risk that the organization is able and willing to take on. Developing budgets for risk-related projects and supervising their funding. Conducting risk assurance and due diligence on behalf of the organization in the events of mergers, acquisitions, and business deals.
(h) 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.
(i) Representing the Bank at inter-bank forums like IBA, CAFRA, CORDEX or any other such forums on risk management related issues. Framing and Reviewing the Risk Management policies like Credit Risk, Operational Risk, Fraud Risk, Fund Transfer Pricing, Market Risk, Operational Risk and Asset Liability Management. Acting as the Convener of the Credit Risk Management Committee (CRMC) and Asset Liability Management Committee (ALCO). Responsible for business continuity planning framework of the Bank and is the convener of the BCP Committee. Develops and manages a comprehensive Risk Policy and ensures it is within the framework of RBI regulations and BASEL norms. Any other work entrusted by the Bank from time to time. In addition to the above, the job role of Chief Risk Officer includes the guidelines as per the RBI circular No. DBR.BP. BC NO. 65/21.04.103/2016-17 dated 27.04.2017. The Chief Risk Officer will be directly reporting to the Managing Director & Chief Executive Officer of the Bank / Risk Management Committee of the Board.
Age Limit: Minimum 40 years and maximum 60 years.

Job Location

Head Office, Pune

Application Fees

All Candidates - 1000 + GST = Rs.1180/-

Vacancy in Bank of Maharashtra - Selection Procedure

(1) Selection will be through Group discussions and personal interview. A preliminary screening of application may be carried out by the Bank to shortlist eligible candidates with reference to candidate’s qualifications, suitability / experience etc. to be called for Group Discussion and interview. While short listing the candidates, we may consider additional qualifications, greater experience and level of responsibilities handled.
(2) Final Selection will be on the basis of marks secured by the candidate in Group Discussions and Page 4 of 10 personal interview. Total marks allotted for GD and interview are 20 & 80. In case bank decides that the final selection shall only be based on personal interview, then there shall be interview for 100 marks. Bank may change the mode of selection depending upon the number of candidates.
(3) Thus, merely fulfilling minimum qualification and experience criteria would not automatically entitle a candidate for the interview. Bank reserves the right to change the modalities/ criteria of selection/recruitment process etc.
(4) Mere eligibility / admission to Group Discussions / Interview / pass in GD/ interview do not imply that the Bank is satisfied beyond doubt about the candidate’s eligibility and 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 and the fees paid by the ineligible candidates shall be forfeited. If appointed, such a candidate may be summarily removed / terminated from the services of the Bank.

Jobs in Bank of Maharashtra - How To Apply

A. How To Apply
(1) Applicants have to submit their applications in the format enclosed as annexure (a) along with self- attested documents.
(2) Last date for submission of application is 17.06.2021. No application shall be entitled beyond the stipulated date.
(3) All eligible and interested candidates should apply in the prescribed application format to reach the address cited below on or before 17.06.2021. Any application received after the due date will be summarily rejected. 
(4) Incomplete applications or not supported requisites documents will be rejected. 
(5) Address the application, superscripting “APPLICATION FOR THE POST OF CHIEF RISK OFFICER PROJECT 2021-22” to 
(6) Application fees of Rs: 1,180.00 inclusive of GST payable by the way of Demand Draft (Nonrefundable) drawn on any Nationalized Bank in favour of “Bank of Maharashtra- Recruitment of CRO Project 2021-22” payable at Pune. No other mode of payment is acceptable.

B. Documents to be enclosed with application forms.
(1) A recent recognizable passport size colour photograph should be firmly pasted on the application, signed across by the candidates and be forwarded.
(2) Self-attested photocopy of documents / mark-sheets & certificates having your Date of Birth mentioned therein – documents like PAN Card, Driving License, Passport, Birth Certificate, School Leaving Certificate, SSC / HSC Mark-sheet or certificate wherein Date of Birth is mentioned etc.
(3) Discharge Book/NOC issued by the competent authority
(4) Attested copies of certificates / mark sheets and testimonials in proof of Educational Qualification from SSC/SSLC/X STD, PUC/10+2/Intermediate, Graduation, Post-Graduation and Professional Qualification. Professional certification in Financial Risk Management from Global Association of Risk Professionals, or Professional Risk Management Certification from PRMIA Institute;
(5) Experience certificate(s) stating designation / job profile, period of service (with specific dates), emoluments, activity profile of previous and present employers, etc.
(6) Attested copy of community /status certificate in the prescribed format in case of candidates belonging to SC/ST/OBC/PH/ Ex- Serviceman category issued by competent authority. Any other relevant documents.

Important Dates

Start date of Submission of Application (in Hardcopy): May 17, 2021
End date of Submission of Application (in Hardcopy): June 17, 2021

Important Links

▸ Official Notification & Application Form Click Here


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