The Small Industries Development Bank of India (SIDBI) has announced openings for the post of Deputy Chief Risk Officer (Dy. CRO) specializing in Market Risk and Operational Risk. This is a contractual, full-time position with 2 vacancies available. Selected candidates will be posted in Mumbai for a tenure of three years, extendable at the discretion of the Bank. The role demands experienced professionals aged between 40 and 57 years. Here’s a detailed overview of SIDBI Recruitment 2025.
Post Name and Vacancies for SIDBI Recruitment 2025
SIDBI is offering 2 vacancies for the post of Deputy Chief Risk Officer (Dy. CRO), one each in Market Risk and Operational Risk.
| Post Name | Vacancies |
|---|---|
| Dy. CRO (Market Risk) | 1 |
| Dy. CRO (Operational Risk) | 1 |
| Total | 2 |
Age Limit for SIDBI Recruitment 2025
The age criteria for candidates applying for the post are as follows:
- Minimum Age: 40 years
- Maximum Age: 57 years
Candidates must meet this age range as of the application deadline.
Qualification and Experience Required for SIDBI Recruitment 2025
For Dy. CRO (Market Risk):
- Educational Qualification:
- Graduate degree from a recognized institution.
- Professional certification in one of the following:
- Financial Risk Management (FRM) from GARP.
- Professional Risk Management Certification from PRMIA.
- Certification in Market Risk specialization.
- Desirable Qualification:
- Knowledge of statistical methods (forecasting, time series, etc.).
- Familiarity with tools like Python, R, Tableau, etc. for data analysis and modeling.
- Experience:
- 18+ years in banking/financial sector.
- At least 5-7 years in Risk function.
- Exposure to analytics in Market Risk is an added advantage.
For Dy. CRO (Operational Risk):
- Educational Qualification:
- Graduate degree from a recognized institution.
- Professional certification in one of the following:
- Financial Risk Management (FRM) from GARP.
- Professional Risk Management Certification from PRMIA.
- Certification in Operational Risk specialization.
- Desirable Qualification:
- Knowledge of statistical methods and data analysis tools (Python, Tableau, R, etc.).
- Experience:
- 18+ years in banking/financial sector.
- At least 5-7 years in Risk function.
- Experience in analytics related to Operational Risk is an advantage.
Salary for SIDBI Recruitment 2025
The remuneration will be market-linked and negotiable for the right candidate. The initial Cost to Company (CTC) includes an annual increment based on performance reviews. A variable component may also be included as part of the salary package.
Tenure and Place of Posting for SIDBI Recruitment 2025
- Tenure: The appointment will be for 3 years, extendable by another 3 years at the Bank’s discretion.
- Place of Posting: Mumbai.
Selection Procedure for SIDBI Recruitment 2025
- Interview:
The selection process involves a personal interview conducted online by the Bank’s Selection Committee. - Screening:
SIDBI may conduct a preliminary screening to shortlist candidates based on their qualifications and experience. - Merit List:
A merit list will be prepared based on interview performance. Candidates with equal scores will be ranked by age, with older candidates given preference.
How to Apply for SIDBI Recruitment 2025
Interested and eligible candidates should follow these steps to apply:
- Application Submission:
Download the application format from SIDBI’s official website. Fill it out in English or Hindi, attach a recent passport-sized photo, and sign it with the date. - Documents:
Attach relevant documents such as educational certificates, work experience proofs, and certifications. - Email Application:
Email the completed application to [email protected] with the subject line:
“Application for the post of <>, <>, <>”. - Deadline:
Ensure your application reaches the Bank by February 4, 2025. Late submissions will not be considered.
SIDBI Recruitment 2025 is an excellent opportunity for experienced professionals in the risk management field. With its attractive market-linked salary and placement in Mumbai, this role is ideal for candidates seeking career growth in a dynamic banking environment. Ensure you meet the qualifications and submit your application on time to secure your chance.
FAQs
How many vacancies are available?
There are 2 vacancies – one for Market Risk and one for Operational Risk.
What is the minimum age to apply?
The minimum age is 40 years.
How can I apply for SIDBI Recruitment 2025?
Submit the application and relevant documents via email to [email protected] before February 4, 2025.
