SIDBI Junior Level Officer Recruitment 2024: The Small Industries Development Bank of India (SIDBI) is inviting applications for the roles of Junior Level Officer (Operational Risk Manager) and Junior Level Officer (Mid Office – Market Risk Manager). To qualify for the Junior Level Officer (Operational Risk Manager) position, candidates should possess a CA, CFA, MBA, MMS, MS, or PGDM in finance, or an MSc in risk management, mathematics, statistics, or economics. Similarly, candidates applying for the Junior Level Officer (Mid Office – Market Risk Manager) role should have a CA, CFA, MBA, MMS, MS, PGDM in Finance, or an MSc/MA in Mathematics, Statistics, or Economics. There are three vacancies available for these positions, and applicants must be at least 35 years old, as outlined in the official SIDBI Recruitment 2024 notification.
As per the SIDBI Recruitment 2024 announcement, these positions will be offered on a full-time contractual basis, with the possibility of extending the appointment for up to three years. The selected candidates will be based in Mumbai and are required to have a minimum of two years of relevant work experience. Salary will be market-driven, and candidates will be chosen based on an interview and shortlisting process conducted by a committee. Interested applicants who meet all eligibility criteria specified in the official SIDBI Recruitment 2024 notification should submit their completed applications, along with the necessary supporting documents, to the provided email address. To avoid any last-minute issues, candidates are encouraged to apply well before the deadline.
Job Positions and Vacancies for SIDBI Recruitment 2024
The Small Industries Development Bank of India (SIDBI) has announced openings for the positions of Junior Level Officer (Operational Risk Manager) and Junior Level Officer (Mid Office – Market Risk Manager). A total of three vacancies are available for the 2024 SIDBI Recruitment.
| Post Name | Vacancy |
| Junior Level Officer (Market Risk Manager) | 1 |
| Junior Level Officer (Operational Risk Manager) | 2 |
| Total | 3 |
Age Limit for SIDBI Recruitment 2024
Candidates interested in applying for SIDBI Recruitment 2024 must be a minimum of 35 years old.
- Minimum Age: NA
- Maximum Age: 35 years
Qualification Requirements for SIDBI Recruitment 2024
To be eligible for the SIDBI Recruitment 2024, candidates must fulfill the educational criteria specified for each position:
Junior Level Officer (Mid Office – Market Risk Manager):
Candidates should possess one of the following qualifications:
- Chartered Accountant (CA), Chartered Financial Analyst (CFA), Master of Business Administration (MBA), Master of Management Studies (MMS), Master of Science (MS), or Post Graduate Diploma in Management (PGDM) in Finance.
- Alternatively, a Master of Science (MSc) in Risk Management, or a Master of Arts (MA) in Mathematics, Statistics, or Economics.
- OR, a Bachelor of Engineering (B.E.)/ Bachelor of Technology (B.Tech) along with professional certifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM).
Junior Level Officer (Operational Risk Manager):
Candidates must meet the same qualifications as listed for the Mid Office – Market Risk Manager position, which include:
- CA, CFA, MBA, MMS, MS, or PGDM in Finance.
- Alternatively, an MSc in Risk Management or an MA in Mathematics, Statistics, or Economics.
- OR, a B.E./ B.Tech degree coupled with professional qualifications like FRM or PRM.
Experience Requirements for SIDBI Recruitment 2024
To qualify for the SIDBI Recruitment 2024, candidates must meet the following experience criteria:
Junior Level Officer (Mid Office – Market Risk Manager)
- Candidates should have a minimum of two years of experience in the mid-office department or Asset Liability Management (ALM) desk of a bank, financial institution, or non-banking financial company (NBFC).
Junior Level Officer (Operational Risk Manager)
Applicants must possess at least two years of experience in the operational risk management department of a bank, financial institution, or non-banking financial company (NBFC).
Salary for SIDBI Recruitment 2024
According to the official statement regarding SIDBI Recruitment 2024, salaries will be influenced by market conditions and will vary from case to case. This variability will not be a barrier for the right candidate. Additionally, the chosen applicant will receive a starting salary based on the Cost to Company (CTC), with a provision for annual increments. The Bank will determine these increments based on regular performance evaluations.
Selection Procedure for SIDBI Recruitment 2024
The selection process for SIDBI Recruitment 2024 involves shortlisting candidates to assess their eligibility. Qualified applicants will be invited for an interview, which will be the basis for the final decision. If necessary, the Bank may conduct an initial screening of applications to create a shortlist of candidates for interviews. Therefore, meeting the eligibility criteria outlined in the advertisement does not guarantee an invitation to interview.
Tenure for SIDBI Recruitment 2024
The tenure for SIDBI Recruitment 2024 will be on a contractual basis, initially set for three years. The Bank holds the exclusive right to extend this contract for an additional two years. Either party can terminate the contract with one month’s notice or by providing the equivalent salary and benefits in lieu of notice.
How to Apply for SIDBI Recruitment 2024
To apply for SIDBI Recruitment 2024, candidates need to submit their completed applications in the specified format, available on the Bank’s website. Applications can be submitted in either Hindi or English and must include a recent passport-sized photograph attached to the form. Additionally, a Curriculum Vitae signed by the candidate (with the date) should also be included. Applications should be sent exclusively via email to RiMV_MidOffice@sidbi.in.
The subject line of the email must contain the following details: “Application for the post of <<Post Code>>, <<Name of the Post>> <<Candidate Name>>.”
The deadline for submitting applications is November 4, 2024.
FAQs for SIDBI Recruitment 2024
Here are some frequently asked questions regarding SIDBI Recruitment 2024:
Q1. How many vacancies are there for SIDBI Recruitment 2024?
Ans: There are 3 vacancies available for SIDBI Recruitment 2024.
Q2. How can I apply for SIDBI Recruitment 2024?
Ans: Candidates can apply by sending their applications to the email address provided above for SIDBI Recruitment 2024.
Q3. What is the deadline for submitting applications for SIDBI Recruitment 2024?
Ans: The last date to submit applications for SIDBI Recruitment 2024 is November 4, 2024.
SIDBI Recruitment 2024 Notification PDF
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