Union Bank of India hiring for Chief Risk Officer
Company :
Union Bank of India
Job Role :
Chief Risk Officer
Eligibility :
Any Graduate/CFA
Experience :
5 Years
Job Location :
Last Date :
20 Apr 2020

Company Profile:

Union Bank of India was established on 11th November 1919 with its headquarters in the city of Bombay now known as Mumbai.
The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921, and he said on the occasion.
We should have the ability to carry on a big bank, to manage efficiently crore of rupees in the course of our national activities. Though we have not many banks amongst us, it does not follow that we are not capable of efficiently managing crore and tens of crore of rupees.

Job Profile:

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.
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.

Educational Qualification:

Graduate Degree with:

1. Professional certification in Financial Risk Management from Global Association of Risk professionals. OR
2. Professional Risk Management Certification from PRMIA Institute.

Desirable additional Qualification:

1. Holder of Chartered Financial Analyst awarded by CFA Institute, OR
2. Designated Chartered Accountant by the Institute of Chartered Accountant of India or equivalent abroad, OR
3. Designated as a Cost and Management Accountant by the Institute of Cost Accountant of India or equivalent abroad.

Work Experience:

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.

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.

Age Limit as on 01.03.2020:

Minimum – 35 Years.
Maximum - 55 years.

Application Fee:

Non-Refundable Application Fee Rs. 1000.00 (inclusive of GST) payable directly in the account of the Bank.

How to Apply:

Please send the following documents by email to recruitment@unionbankofindia.com and ensure that it reaches this office by 20.04.2020 (24.00 hrs).