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Nainital Bank Limited 2021 Jobs Recruitment Notification of Chief Risk Officer Posts

Nainital Bank Limited 2021 Jobs Recruitment Notification of Chief Risk Officer Posts
Nainital Bank Limited 2021 Jobs Recruitment Notification.Nainital Bank Limited inviting applications for the positions of Chief Risk Officer. Interested and Eligible candidates can apply for the positions.

Last Date for Submission of Application is on 8th March, 2021.

No.of Posts and Vacancies :-
Chief Risk Officer - 1 Post

Qualification Details:
Notification for Recruitment of Chief Risk Officer (CRO) on Contract Basis. The Nainital Bank Limited invites applications for the appointment of Chief Risk Officer (CRO) on contract basis

1. Post Name: Chief Risk Officer (CRO)

2. No. of Post and Location: ONE (1) at Bank’s Head Office, Nainital

3. Nature of Employment: On contract basis for a period 3 years subject to annual review, extendable by one year at a time, subject to a maximum term of 5 years. The contract shall be terminable by either of the parties by three months’ notice or compensation in lieu thereof.

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

5. Desirable additional Qualification: Preference will be given to the candidates having:- 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.

6. Work Experience : Desirable experience: Preference will be given to the candidates having experience in Corporate Credit and Risk Management at the level of Manager/ Senior Manager in one or more Banks/ FIs., or having similar role and responsibilities in one or more regulated lending entity. Good understanding of market risk and / or liquidity management and /or operational risk, with exposure to analytics being an added desirable experience.

7. Job Profile:

a. Responsible for overall supervision of Risk Management function of the Bank.
b. Ensuring continuous improvement in the RiskManagement Practices/policies of the Bank
c. Framing and Reviewing the Risk Management policies like Credit Risk, Operational Risk including IT related risk, Fraud Risk, Fund Transfer Pricing, Market Risk, Operational Risk and Asset Liability Management.
d. Acting as the Convener of the Credit Risk Management Committee (CRMC), Asset Liability Management Committee (ALCO) and Internal Risk Management Committee (IRMC)
e. Responsible for business continuity planning framework of the Bank and will be the convener of the BCP Committee
f. Developing and managing a comprehensive Risk Policy and to ensure that it is within the framework of RBI regulations and BASEL norms.
g. Any other similar work entrusted by the Bank from time to time.
h. In addition to the above, the job role of Chief RiskOfficer includes adhering to the guidelines as per the RBI circular No. DBR.BP.BC NO. 65/21.04.103/2016-17 dated 27.04.2017.
i. The Chief Risk Officer will be directly reporting to the Chairman & Chief Executive Officer of the Bank

8. Remuneration: Salary and allowances will be as applicable in Grade/ Scale IV of the Bank as under: Basic Pay in the running scale starting from 76010-2220/4-84890- 2500/2-89890 and applicable allowances and admissible perks.

9. Miscellaneous: The contract will be subject to satisfactory completion of all Preemployment formalities including Medical examination, Reference checks, Police Verification and verification of testimonials etc., as prescribed by the Bank.

Age As on 31.01.2021 : Minimum – 35 Years Maximum- 55 years

General rules:
1. Application format is appended below. Candidate should apply strictly in conformity with the format as prescribed

2. Candidates should enclose copies of the relevant certificate/s (in support of age, educational qualification) and appropriate documents in support of the experience, with the application. Their candidature will be considered on the strength of the information declared in the application and the copies of certificates/ documents submitted therewith.

3. If at any stage it is found that any information furnished in the application is false/incorrect or if according to the Bank, the candidate does not satisfy the eligibility criteria, his/her candidature/appointment is liable to be cancelled/terminated at Bank’s sole discretion.

4. Canvassing in any form will be a disqualification.

5. In all matters regarding eligibility, conduct of interviews, assessment, prescribing minimum qualifying standards in interview, communication of result, the Bank’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard

6. Candidate will have to produce discharge certificate from the present employer, if any at the time of joining in The Nainital Bank Limited.

7. Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Nainital only.

8. Corrigendum, if any, issued on the above advertisement, will be published only on the Bank’s website

9. Mention of e-mail ID of candidate, applying for the vacancy is compulsory (Please refer Serial No. 5 of application). Application without e-mail Id shall be rejected as all communication in this regard to all eligible candidates shall be made by the Bank through e-mail only.

Address :
Vice President (HRM), The Nainital Bank Limited, Head Office, Seven Oaks, Mallital, Nainital - 263001 (Uttarakhand)

Selection Process :
1. The applications received from the candidates will be screened and shortlisted on the basis of eligibility and relevant experience.

2. The requisite number of shortlisted candidates will be called for interview for final selection. 

3. The final selection will be made on the basis of eligibility, experience, qualification and performance during Personal Interview. 

4. The Personal interview will be conducted by a committee constituted for the purpose. 

5. Mere satisfying the eligibility norms do not entitle a candidate to be called for interview. 

6. The Bank reserves the right to reject any application not suitable to the Bank’s requirement without assigning any reason whatsoever and call only the requisite number of candidates out of those who fulfill the eligibility criteria as required for the post

How to Apply :
1. The candidates applying for the post must submit their application by post to “Chief Operating Officer, The Nainital Bank Limited, Head Office, 7 Oaks Building, Nainital-263001” in the prescribed format (as given below this notification)

2. The recent photograph is to be pasted at the appropriate place and application should be signed by the candidate. Incomplete and illegible applications will be rejected.

3. The cover containing the application should be super scribed with the name of the post applied for i.e. Application For The Post Of Chief Risk Officer.

4. The following documents should be submitted along with the application:

i. Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DOB).
ii. Copy of Certificates and Mark sheets in respect of qualifications (essential and desirable) acquired.
iii. Appropriate document(s) in support of experience.

5. Closing date: The application, enclosing all prescribed documents should reach the Bank’s Head Office, Nainital on or before 08.03.2021. The Bank will not be responsible for any delay in receipt of application/s or loss thereof in postal transit.

Official Notification

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