SIDBI Recruitment 2024: New Notification Out for Junior Level Officer Post, Apply Now

SIDBI is looking for interested candidates for the post of Junior Level Officer {Mid Office (Market Risk Manager} and Junior Level Officer (Operational Risk Manager)

SIDBI Recruitment 2024 for Junior Level Officer {Mid Office (Market Risk Manager} and Junior Level Officer (Operational Risk Manager)

swastika suhal | Oct 4, 2024 |

SIDBI Recruitment 2024: New Notification Out for Junior Level Officer Post, Apply Now

SIDBI Recruitment 2024: New Notification Out for Junior Level Officer Post, Apply Now

SIDBI Recruitment 2024: The Small Industries Development Bank of India (SIDBI) is looking for interested and eligible candidates for the post of Junior Level Officer {Mid Office (Market Risk Manager} and Junior Level Officer (Operational Risk Manager). There are 03 vacancies available for the positions listed above. The official notification of SIDBI Recruitment 2024 states that the maximum age limit for applying for the positions listed above should not exceed the age of 35 years. The candidates applying for the above posts should have a CA/ CFA / MBA/ MMS/ MS/ PGDM in Finance, MSc Risk Management, or MSc/ MA (Maths/ Statistics/ Economics). BE/BTech with professional qualifications viz. Financial Risk Manager (FRM) or Professional Risk Manager (PRM), etc.

In reference to the official notification of SIDBI Recruitment 2024, the appointment will be on a contractual Full-time basis. The period of appointment will remain valid for upto 03 years and may be extendable, at the sole discretion of the Bank, for a further period of upto two years. The selected candidates will be posted in Mumbai. The applicants must have at least 02 years of experience in their appropriate field. The pay for the selected candidates would be related to the market. The selection of the applicable candidates will be done based on shortlisting and personal interviews conducted by the committee. The candidates who meet the eligibility criteria in all respects as per the post’s requirements as per the official notification of SIDBI Recruitment 2024 may apply by submitting their duly filled applications along with all the pertinent documentation at the email address listed below. The candidates need to submit their applications on or before the due date to prevent the last-minute rush.

Table of Content
  1. Post Name and Vacancies for SIDBI Recruitment 2024:
  2. Age Limit for SIDBI Recruitment 2024:
  3. Qualification Required for SIDBI Recruitment 2024:
  4. Salary for SIDBI Recruitment 2024:
  5. Tenure for SIDBI Recruitment 2024:
  6. Experience Required for SIDBI Recruitment 2024:
  7. Selection Procedure for SIDBI Recruitment 2024:
  8. How to Apply for SIDBI Recruitment 2024:
  9. FAQs for SIDBI Recruitment 2024:

Post Name and Vacancies for SIDBI Recruitment 2024:

The opportunity is opened for the post of Junior Level Officer {Mid Office (Market Risk Manager} and Junior Level Officer (Operational Risk Manager). There are 03 vacancies available for SIDBI Recruitment 2024.

Post NameVacancies
Junior Level Officer {Mid Office (Market Risk Manager}1
Junior Level Officer (Operational Risk Manager)2
Total3

Age Limit for SIDBI Recruitment 2024:

The maximum age requirement for applying for SIDBI Recruitment 2024 shall not be more than the age of 35 years.

Qualification Required for SIDBI Recruitment 2024:

The candidates need to fulfil the mentioned requirements of the educational qualification as per the posts in order to be eligible for SIDBI Recruitment 2024 –

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

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

Junior Level Officer (Operational Risk Manager) –

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

Salary for SIDBI Recruitment 2024:

The official notification of SIDBI Recruitment 2024 announces that the compensation would be connected to the market. The same will depend on a case-by-case basis and not be a barrier for the appropriate individual. The right candidate won’t be restricted by the same.

  • In addition to the initial compensation provided on a Cost Company (CTC) basis, there will be a provision for an annual increase on CTC that is finalized initially. The Bank will take this into consideration based on periodic performance reviews.

Tenure for SIDBI Recruitment 2024:

The tenure for SIDBI Recruitment 2024 will be carried out on a contractual basis. The contract’s initial term would be three years, with an additional two years of extension possible at the Bank’s exclusive discretion. Either party may cancel the agreement with one month’s notice, or in lieu of notice, with salary and any applicable allowances.

Experience Required for SIDBI Recruitment 2024:

The candidates applying for SIDBI Recruitment 2024 need to fulfil the mentioned requirements of the experience needed for applying:

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

  • The candidates must have at least 2 years in the mid-office department and/ or ALM desk of a bank/ Financial institution/NBFC.

Junior Level Officer (Operational Risk Manager) –

  • The candidates should have at least 2 years in the Operational Risk Management function of a bank/ Financial institution/NBFC.

Selection Procedure for SIDBI Recruitment 2024:

The committee will shortlist the applicable candidates and call them for an Interview in order to determine the eligibility of the candidates for SIDBI Recruitment 2024. The final selection will be made on the basis of an Interview. If necessary, the Bank will conduct a preliminary screening of the submissions in order to create a shortlist of qualified applicants who will be contacted for interviews. Therefore, meeting the advertisement’s qualifications alone would not guarantee that an applicant would be invited for an interview.

How to Apply for SIDBI Recruitment 2024:

The candidates wish to apply for SIDBI Recruitment 2024 are instructed that on or before October 18, 2024, the properly completed application (typed in Hindi or English) in the format provided on the Bank’s website, along with a recent passport-size photo pasted on it and a Curriculum Vitae that has the candidate’s full signature across it with the date, should be sent or forwarded only by email to ([email protected]). The subject line of each application should only contain the following information when it is forwarded: “Application for the post of <<Post Code>>, <<Name of the Post>> <<Candidate Name>>“.

The last date to submit the applications is 18th October 2024.

FAQs for SIDBI Recruitment 2024:

The listed below are some Frequently Asked Questions regarding SIDBI Recruitment 2024-

Q.1. How to apply for SIDBI Recruitment 2024?

Ans. The candidates need to submit the applications through the email listed above for SIDBI Recruitment 2024.

Q.2. What is the last date to submit the applications for SIDBI Recruitment 2024?

Ans. The last date to submit the applications for SIDBI Recruitment 2024 is 18.10.2024.

Q.3. What is the age limit for SIDBI Recruitment 2024?

Ans. The age limit for SIDBI Recruitment 2024 should not exceed 35 years.

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