The Small Industries Development Bank of India (SIDBI) is inviting applications from experienced and motivated professionals for the position of Deputy Chief Risk Officer (Dy. CRO) in the specialization areas of Market Risk and Operational Risk. This is a full-time contractual opportunity, with 02 vacancies available. Selected candidates will be posted in Mumbai, with an initial appointment period of 3 years, which is extendable at the bank’s discretion for up to an additional 3 years.
If you are an experienced professional looking to contribute to a challenging and dynamic role in risk management, this opportunity could be the perfect fit. Read on to learn more about the eligibility criteria, application process, and other details.
Post Name and Vacancies for SIDBI Recruitment 2025
SIDBI is hiring for the following roles under the post of Deputy Chief Risk Officer (Dy. CRO):
| Post Name | Vacancies |
|---|---|
| Deputy Chief Risk Officer (Market Risk) | 01 |
| Deputy Chief Risk Officer (Operational Risk) | 01 |
| Total Vacancies | 02 |
Age Limit for SIDBI Recruitment 2025
- Minimum Age: 40 years
- Maximum Age: 57 years
Candidates must meet the age criteria as of the last date of application submission.
Qualification and Experience Required for SIDBI Recruitment 2025
For Deputy Chief Risk Officer (Market Risk)
Educational Qualification:
- A graduate degree from a recognized university.
- Professional certifications such as:
- Financial Risk Management (FRM) from the Global Association of Risk Professionals.
- Professional Risk Management (PRM) from PRMIA Institute.
- Certification in specialized areas of Market Risk.
Desirable Qualifications:
- Knowledge of statistics, including forecasting, hypothesis testing, and regression analysis.
- Experience with data modeling tools like Python, R, Tableau, or similar software.
Experience:
- At least 18 years of experience in a bank/financial sector, with 5 to 7 years specifically in risk management.
- Additional experience in Market Risk analytics is an advantage.
For Deputy Chief Risk Officer (Operational Risk)
Educational Qualification:
- A graduate degree from a recognized university.
- Professional certifications such as:
- Financial Risk Management (FRM) from the Global Association of Risk Professionals.
- Professional Risk Management (PRM) from PRMIA Institute.
- Certification in specialized areas of Operational Risk.
Desirable Qualifications:
- Knowledge of statistical methods and tools for data analysis.
- Proficiency in Python, Tableau, or similar software for risk analysis.
Experience:
- At least 18 years of experience in the banking/financial sector, with 5 to 7 years in risk management.
- Additional exposure to Operational Risk analytics is desirable.
Salary for SIDBI Recruitment 2025
The salary for the Deputy Chief Risk Officer positions will be market-linked and competitive, with scope for annual increments based on performance. The total compensation will include a variable component as well. SIDBI assures attractive remuneration for the right candidate.
Tenure and Place of Posting
- Tenure: The appointment is contractual for 3 years, extendable for up to another 3 years at the sole discretion of the bank.
- Place of Posting: Mumbai.
Selection Procedure for SIDBI Recruitment 2025
Personal Interview
- Candidates meeting the eligibility criteria will be shortlisted for a personal interview to be conducted online by the selection committee.
- The merit list for selection will be based solely on the interview scores, ranked in descending order.
Waitlist Provision
- SIDBI may create a waitlist of candidates, which will be used to fill future requirements if needed.
- In case of a tie in scores, preference will be given to the older candidate.
How to Apply for SIDBI Recruitment 2025
To apply for the position, candidates need to follow these steps:
- Download Application Format: The application format is available on SIDBI’s official website.
- Fill in the Details: Type your application in English or Hindi, attach a recent passport-size photo, and sign it with the date.
- Attach Supporting Documents: Attach your CV and all required documents.
- Email Application: Send your application via email to [email protected].
- Subject Line: Use the format “Application for the post of <>, <> <>”.
- Submission Deadline: Ensure your application reaches SIDBI before February 4th, 2025. Late submissions will not be considered.
SIDBI’s recruitment drive for Deputy Chief Risk Officer roles is a fantastic opportunity for experienced professionals in risk management. With attractive remuneration, market-linked benefits, and a chance to work in Mumbai, this role offers great growth prospects. Ensure that your application is complete and submitted on time to avoid missing out on this opportunity. Don’t forget to include all relevant certifications and documents to strengthen your candidature.
FAQs
How many vacancies are available for SIDBI Recruitment 2025?
There are a total of 02 vacancies—one each for Market Risk and Operational Risk specialization.
What is the minimum age requirement for this position?
Candidates must be at least 40 years old to apply.
Where will the selected candidates be posted?
The place of posting for the selected candidates is Mumbai.
