Post Name and Vacancies for SIDBI Recruitment 2024:

The Small Industries Development Bank of India (SIDBI) is seeking suitably competent candidates to occupy the contractual positions of Junior Level Officer (Operational Risk Manager) and Junior Level Officer (Mid Office (Market Risk Manager). There are 02 open seats for this recruitment campaign, according to the official SIDBI Recruitment 2024 notification.

Age Limit for SIDBI Recruitment 2024:

In line with the official SIDBI Recruitment 2024 notification, the age limit for the assigned position should not be more than 35 years.

Tenure for SIDBI Recruitment 2024:

According to the official SIDBI Recruitment 2024 notification, the candidate will be appointed for a term of three years, which the bank may choose to extend for an additional two years at its own discretion. Either party may cancel the agreement with one month’s notice, or in lieu of notice, with salary and any applicable allowances.

Qualification for SIDBI Recruitment 2024:

Referring to the official notification of SIDBI Recruitment 2024, candidate should have the following qualification mentioned below.

• Applicant must have a CA/ CFA / MBA/MMS/MS/PGDM in Finance, MSc Risk Management, MSc/MA (Maths/Statistics/ economics).
  OR
• Candidate should have a BE/B.Tech with professional qualifications viz. Financial Risk Manager (FRM) or Professional Risk Manager (PRM), etc.

Experience for SIDBI Recruitment 2024:

Candidates applying for the SIDBI Recruitment 2024 must have the following experience.

Junior Level Officer {Mid Office (Market Risk Manager)}

• Applicant must have an experience of minimum 2 years in the mid office department and /or ALM desk of a bank / Financial institutions/ NBFCs.

Required Skills and Competencies:

• Self-starter: a reliable personality, who is able to work independently and under pressure
• Excellent knowledge of treasury products and processes
• Excellent knowledge of regulatory requirements
• Strong analytical skills and innate curiosity: able to analyse transactions and reconcile errors
• Excellent written and communication skills in English
• The ability to adapt to the needs of the Treasury team
• Time management – priority setting
• Proficiency in MS office products (PowerPoint, Excel, etc.,).
• Hands-on experience of Excel tools / functions / SQL/PYTHON/R (Preferable) for day-to day working in managing Market Risk / Mid-Office Operations.
• Knowledge of BASEL guidelines especially pertaining to Market Risk is compulsory with hands on experience shall be preferred.

Junior Level Officer (Operational Risk Manager)

• Applicant must have an experience of minimum 2 years in Operational Risk Management function of a bank / Financial institutions/ NBFCs.

Required Skills and Competencies:

• Thorough understanding of applicable Regulatory Guide lines pertaining to Operational Risk Management and other associated areas like Fraud Risk Management, Out sourcing Risk Management, IT and Cyber Risk Management.
• High degree of collaborative and conflict resolution approach and ability to work along other officials with diverse perspective.
• Thorough knowledge of Processes related to various tools used for Operational Risk Management including RCSA, KRIs, Incident Management, New Product Approval etc.
• Good knowledge about regulatory code on Governance Framework in All India Financial Institutions/ Commercial Banks.
• Ability to integrate other control functions to ensure all risks are fully scrutinized.
• Ability to identify risks that cross the businesses and organizing cross-functional solutions.
• Develop appropriate reporting mechanisms including dashboards/ heat map and publish it to senior management.
• Assist in conducting Operational Risk Management Committee meetings.
• Conduct Operational Risk Stress Testing and Scenario Analysis
• Develop relationship with senior officials in all the 3 Lines of Defence (Heads of Business Verticals, Vertical Head of Risk Management, Chief Compliance Officer and Head of Internal Audit)
• Well-developed analytical skills with the ability to identify root causes and trends and anticipate futuristic issues.
• Excellent written and communication skills.
• Proficiency in MS office products (PowerPoint, Excel, etc.).

Salary for SIDBI Recruitment 2024:

As stated in the official SIDBI Recruitment 2024 notification , the salary will be commensurate with market value. For the appropriate candidate, this won’t be a barrier and will be considered on a case-by-case basis. For the right candidate, this won’t be a limitation.
In addition to the initial compensation granted on a Cost to Company (CTC) basis, an annual increase on CTC would be provided and finalized; the Bank would take this into consideration based on periodic performance reviews.

Selection Procedure for SIDBI Recruitment 2024:

The official SIDBI Recruitment 2024 notification states that the shortlisting process and personal interview, which will take place before the Selection Committee on a convenient day, would be used to choose applicants.

How to Apply for SIDBI Recruitment 2024:

Eligible candidates have to follow the indicated steps for applying to SIDBI Recruitment 2024:

Step 1: Candidates should obtain the prescribed format from the official notification.
Step 2: Send the same duly filled application form along with the relevant documents by email.
Step 3: The application form is submitted to the “[email protected]” email ID. While forwarding the respective application, the subject line shall clearly indicate the following detail, only, viz. “Application for the post <<Post Code>>,<<Name of the Post>> <<Candidate Name>>”

The closing date for submitting the application form is 18.10.2024.

SIDBI Recruitment 2024: FAQs

Below are some answers to some of the most common queries regarding SIDBI Recruitment 2024.

1. What is the age limit for SIDBI Recruitment 2024?
The age limit for SIDBI Recruitment 2024 should not be more than 35 years.

2.How many years of experience are required for SIDBI Recruitment 2024?
There should be a minimum of 02 years of experience required for SIDBI Recruitment 2024.

3. What is the last date to apply for UIDAI Corporation Recruitment 2024?
The last date to apply for the mentioned post is 18.10.2024.