UCO Bank Recruitment 2023: Apply for Consultant and Chief Risk Officer posts at ucobank.com. UCO bank Recruitment: Apply for Consultant and Chief Risk Officer positions.
UCO Bank Recruitment 2023: Consultant and Chief Risk Officer posts
UCO Bank, a leading listed Public Sector Bank with Head Office in Kolkata and having Pan India, as well as, overseas presence, invites offline applications for the post of Chief Risk Officer (CRO) on contractual Basis.
The eligibility and terms of service is furnished hereunder:
| 1 | Name of Post | Chief Risk Officer (CRO) ( Contract basis) |
| 2 | Number of vacancies | 01 (One) |
| 3 | Age (as on 01.11.2023) | Minimum 40 Years Maximum 57 Years |
| 4 | Educational Qualifications | Mandatory education qualification: Graduation degree with-Professional certification in Financial Risk Management from Global Association of Risk Professionals or Professional Risk Management Certification from PRMIA Institute; |
| Desirable education qualification:Holder of Chartered Financial Analyst charter awarded by CFA Institute. or Designated as Chartered Accountant by the Institute of Chartered Accountants of India, or equivalent abroad, or Designated as a cost and Management Accountant by the Institute of Cost Accountants of India, or equivalent abroad. | ||
| 5 | Experience | Experience with a Bank (India/Abroad)/ Financial Institution with substantial exposure to Credit Risk, Market Risk, Operational Risk, Liquidity Risk, Interest Rate Risk, other pillar II risks and risks emanating at and from overseas operations and group entities. Exposure to Analytics will be an added advantage. |
| Mandatory Experience: Five years‟ experience in corporate credit and risk management at the level of Assistant General Manager or above in one or more PSB‟s „or‟ having similar roles and responsibilities in one or more regulated lending entity, with minimum experience of one year in corporate credit and one year in risk management. Desirable Experience: Good understanding of market risk and/or liquidity management and/or operational risk, with exposure to analytics being an added desirable experience. | ||
| 6 | Term | The appointment is purely on contract basis for a period of 03 (three) years. This appointment will not vest any right to claim by the candidate for regular appointment or permanent absorption in the institute or for continued contractual appointment which may be renewed or terminated on the basis of satisfactory performance and conduct. On successful completion of 03 (three) years terms, the tenure may be further extended for 02 (two) years (one year at a time) on the basis of satisfactory performance and conduct. |
| 7 | Remuneration & Perquisites | Remuneration will be market linked and will not be a limiting factor for a suitable candidate and can be negotiated. Other terms and conditions of engagement will be as per the provisions of contract and are negotiable. |
| 8 | Expiry of contract | The contract will automatically expire on completion of three years until it is renewed with mutual consent for the decided period. The contractual appointment can be terminated at any time, by either side, by giving 30 days‟ notice or salary in lieu thereof. |
| 9 | Leave | Casual Leave (CL): CL in a year the rate @ 1 CL for every month of service, out of which not more than 04 days can be taken at a stretch. Privilege Leave (PL): PL to be computed at one day for every 11 days of service on duty, provided no PL will be availed up to first 6 months of service. Accumulated leave will not be en-cashable. Balance of leave of one year shall not be allowed to be carried over to the next year. |
| 10 | Location of Office | The position/ place of posting of candidate will ordinarily be at Head Office, Kolkata. However, Bank reserves the right to post the selected candidate as per Bank‟s requirement. |
| 11 | Role and Responsibility | The Chief Risk Officer will head the bank‟s risk function and shall oversee the entire process of Risk Management in the bank, including at the group level, i.e. covering Domestic Operations, International Subsidiaries, Domestic Subsidiaries, Overseas Territories and Branches. He/ She will be responsible for review of the Risk Models, developing policies, procedures and pricing models, etc. of the Bank. |
| The Role of Chief Risk Officer will be mainly classified under the following area of operations: |
| A. Credit Risk Management Responsible for Bank-wide effective credit risk management and its implementation.Ensure that there are adequate resources with required skills, experience and qualification.Review and approval of results of credit risk management/processes before its reporting to board.Ensure that all the reporting is done in a timely and accurate manner.Ensure coordination between various functions/ departments in the Bank engaged in credit risk management.Ensure adequate training to Bank employees on areas of Credit Risk Management through workshop, e-learning materials, induction and other on-going training programs. B. Market Risk Management Translate Market Risk Management framework established by the Board of Directors into specific policies, processes and procedures that can be implemented and verified within the different business units.Clearly assign authority, responsibility and reporting relationships to encourage and maintain accountability and ensure that the necessary resources are available to manage market risk effectively.Assess the appropriateness of the management oversight process in light of the risks inherent in a business unit‟s policy.Ensure day-to-day activities are conducted by qualified staff with the necessary expertise, technical capabilities and access to resources and that staff responsible for monitoring and enforcing compliance are independent from the units they oversee.Ensure that market risk management policy has been clearly communicated to staff at all levels that deal with market risk.Give particular attention to the quality of documentation controls and transaction-handling practices. C. Operational Risk Management Supervise the activities of Risk Management Department for the continual implementation of effective operational risk management framework and all its components.Review and approve the recommendations of the Risk Management Department before submission to the Committee/Board.Assess inter-relationships between Operational and other risk types. To facilitate the analysis of risks and inter-relationships of risks across market, credit and operational risks.Assure that line and executive management maintains an on- going understanding of operational risks and participates in related risk management activities. D. Liquidity and Interest Rate Risk Management Supervise the activities of ALM Cell for the continual implementation of the effective liquidity risk management framework and all of its components.Review and approval of Asset Liability Management Policy. |
| Review and approval of the recommendations of the ALM Cell before submission to ALCO.Assess inter-relationships between market risk and other risk types. To facilitate the analysis of risks and inter-relationships of risks across market, credit and operational risks.Ensure that line and executive management maintain an on- going understanding of liquidity and interest rate risks and participate in related risk management activities.Management of group risk including risks emanating at and from overseas operations and group entities Overseeing risk management activities at overseas branches of UCO Bank. OthersShall approve Independent evaluation of Credit proposals through Credit Risk rating/vetting reports and Key risk factors along with independent views shall be provided for credit proposals.To actively participate in executive level Risk Management Committees and convene Board level RMC.To review and place / forward recommendations of Integrated Risk Management Department to different functional committees like Credit Risk Management Committee (CRMC), Asset Liability Management Committee (ALCO) or sub-committee of the BOARD etc.To monitor development of methodologies for adoption of Advanced Approaches for Credit / Market/ Operational Risk.To be part of capital planning process for the Bank which inter- alia include:Estimation/projection of Risk Weighted Assets & CRAREstimation of capital requirement based on regulatory as well as targeted Capital ratios.Be part of computation of Base Rate, Marginal Cost of Funds based Lending Rate (MCLR) and Repo Linked lending rate of the Bank and for fixation of Risk premium as per risk profile of the borrower.Issuing guidelines regarding pre-sanction appraisal, loan dispensation, post-sanction follow up, loaning powers, exposure limits and other lending related regulations.Define and review Risk Appetite Framework of the bank.Any other roles and responsibilities as prescribed by Reserve Bank of India or approved by Bank‟s Board from time to time. He shall report directly to the bank’s Chief Executive/ Risk Management Committee of the Board. Above roles & responsibilities are illustrative and not exhaustive. | ||
| 12 | Mode of Selection | The applications received from the candidates will be preliminarily screened and shortlisted on the basis of qualifications, suitability and experience. The requisite number of shortlisted candidates will be called for interview for final selection. |
| Based on the number of applications shortlisted for interview, there may be two-tier interview processes. In such case, only shortlisted candidates in 1st level of interview will be eligible for appearing in final interview process. The final selection will be made on the basis of eligibility, experience, qualification and performance during interaction / interview. The interaction / interview will be conducted by a committee constituted for the purpose. Hence, mere satisfying the eligibility norms do not entitle a candidate to be called for interview. The Bank reserves the right to reject any application not suiting the Bank‟s requirements without assigning any reason whatsoever and call only the requisite number of candidates out of those who fulfil the eligibility criteria as may be required for the post. | ||
| 13 | Nationality/ Citizenship | A candidate must be either (i) a Citizen of India or (ii) a subject of Nepal or (iii) subject of Bhutan or (iv) a Tibetan Refugee who came over to India before Jan.1962 with the intention of permanently settling in India or (v) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania ( Formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India, provided that of a candidates belong to categories (ii), (iii), (iv) & (v) above shall be a person in whose favor certificate of eligibility has been issued by the Govt. of India. A candidate in whose case a certificate of eligibility is necessary may be admitted to examination/Group discussions/interview conducted by the Bank, but on final selection, the offer of appointment will be given only after the necessary eligibility certificate issued to him by Government of India is submitted to the Bank. |
| 14 | Application Fees (Non- Refundable) | Rs.1000+180(GST) =1180/- (Rupees One Thousand One Hundred and Eighty) |
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Procedure for Application: UCO Bank Recruitment 2023
- Applicants complete in all respect as per prescribed format (Annexure –A) along with copies of self-attested certificates should be sent in a closed envelope super scribed “Application for the Post of Chief Risk Officer” to the following address:
General Manager,
UCO Bank, Head Office, 4th Floor, H. R. M Department, 10, BTM Sarani, Kolkata, West Bengal – 700 001
All eligible and interested candidates should apply in the prescribed application format to reach the address cited above on or before 10.12.2023. Any application received after the due date will be summarily rejected. Candidates are therefore advised to send an advance copy of the application to:
Application fees (Non Refundable): UCO Bank Recruitment 2023
Rs.1000+180(GST) =1180/- (Rs. One Thousand One Hundred and Eighty)
Candidates shall pay the fees/charges in the below mentioned account through Internet Banking /NEFT/RTGS (Non-Refundable). The Reference number/UTR Number shall be specified in the Application form. No other mode of payment is acceptable.
Account Name: “UCO BANK CHIEF RISK OFFICER RECRUITMENT PROJECT-2023”
Account No: 01900210019818
Bank & Branch: UCO Bank, Kolkata Main
Type: Current Account
IFSC Code: UCBA0000190
Documents to be enclosed with application forms: UCO Bank Recruitment 2023
- A recent recognizable passport size colour photograph should be firmly pasted on the application, signed across by the candidate and be forwarded.
- Self-attested photocopy of documents / mark-sheets & certificates having candidates Date of Birth mentioned therein – documents like PAN Card, Driving License, Passport, Birth Certificate, School Leaving Certificate, SSC/HSC Mark Sheet or certificate wherein Date of Birth is mentioned etc.
- Discharge Book/NOC issued by the competent authority.
- Attested copies of certificates / mark sheets and testimonials in proof of Educational Qualification from SSC/SSLC/X STD, PUC/10+2/Intermediate, Graduation, Post – Graduation and Professional Qualification. Professional certification in Financial Risk Management from Global Association of Risk Professionals, or Professional Risk Management Certification from PRMIA Institute.
- Appropriate document(s) in support of experience.
- Attested copy of community / status certificate in the prescribed format in case of candidates belonging to SC/ST/OBC/PH/ Ex- Serviceman category issued by competent authority.
Candidates are required to have a valid personal email ID and Mobile number for contact. It should be kept active during the currency of this process. Bank may send call letters for interview through the registered email ID.
Candidates are advised to apply well in advance and Bank will not be responsible if candidates are not able to submit before the due date for any reason beyond the control of the Bank.
GENERAL INFORMATION: UCO Bank Recruitment 2023
- Before applying for the post, candidates should ensure that he/she fulfils the eligibility and other norms mentioned in this advertisement and ready to comply with the requirements and terms & conditions contained in this advertisement. The candidates are, therefore, advised to carefully read the advertisement and thereafter complete filling up of application form and submit the same as per the instructions given in this regard. Bank would be free to reject any application at any stage of the recruitment process, if the candidate is found ineligible. The decision of the Bank shall be final in deciding about qualification, experience and other eligibility norms.
- The terms & conditions of engagement is whole and simple governed by the provisions of the contract and the engagement shall not be construed as an employment in the Bank and the provisions of PF / Gratuity / Pension, etc. shall not apply in this case.
- His / Her engagement on contract is for a specific period as stated above, and as such should not be construed as an offer of employment or a regular employment in the Bank.
- Unless the Bank extends the contract for further period, on completion of the contractual period of three years, his / her engagement shall automatically come to an end. There will not be a need for issuance of communication by the Bank for termination of the contract after the above said period.
- Candidate should indicate the percentage obtained to the nearest two decimals in the application. Where CGPA/OGPA is awarded, the same should be converted into percentage and indicated in the application. If called for interview, the candidate will have to produce a certificate issued by the appropriate authority inter-alia stating the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of these norms.
- The Bank takes no responsibility for any delay in receipt / non-receipt or loss in postal transit of any application or communication.
- The Bank reserves the right to alter, modify or change the eligibility criteria and / or any of the other terms and conditions spelt out in this notice, including criteria for qualifying/method and procedure for selection.
- Only those candidates who fulfil the eligibility criteria will be called for interview and shall be intimated regarding the details via e-mail. Candidates are advised to keep their e-mail ID alive for receiving advices.
- Candidates will have to produce original certificates for educational qualifications, experience, age, category etc. at the time of interview, in support of his/her eligibility, as per the details furnished in the application, failing which the candidate will not be allowed for interview and their candidature will be cancelled.
- Not more than one application should be submitted by a candidate. In case of multiple applications, only the last valid (completed) application will be retained and the application fee/ intimation charges paid for the other registrations will stand forfeited. Multiple attendance/ appearance by a candidate in examination/ interview will result in summary rejection/ cancellation of candidature.
- Decision of the Bank in all matters regarding eligibility of the candidate, the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced for the purpose of interview, selection and any other matter relating to recruitment will be final and binding on the candidates. No correspondence or personal enquiries shall be entertained by the Bank in this regard.
- No Travelling Allowance is payable to candidates who are called for interview.
- Request for change of contact no./address/ email ID/interview centre will not be entertained.
- In case any dispute arises on account of interpretation of version other than English, English version will prevail.
- Engagement of selected candidates is subject to their being declared medically fit as per the requirements of the Bank. Such engagement will also be subject to the Rules & Policies of the Bank.
- Canvassing in any form will be a disqualification.
- Appointment of selected candidates is subject to his/her being declared medically fit as per the requirement of the Bank.
- In case of selection, candidate will be required to produce proper discharge certificate / No Objection Certificate from the present employer at the time of taking up the appointment.
- Any dispute arising out of and/or pertaining to the process of recruitment under this advertisement shall be subject to the sole jurisdiction of the Courts situated at Kolkata.
- ANNOUNCEMENTS:
All further announcements/ details pertaining to this process will only be published/ provided on Banks website www.ucobank.com from time to time.
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