SIDBI Recruitment 2024: Apply Now for Junior Level Officer Post

SIDBI Junior Level Officer Recruitment 2024: The Small Industries Development Bank of India (SIDBI) is seeking qualified candidates for the positions of Junior Level Officer (Mid Office – Market Risk Manager) and Junior Level Officer (Operational Risk Manager) on a contractual basis. The selected candidates will be based in Mumbai. According to the official notification for SIDBI Recruitment 2024, the appointment will be for a tenure of three years, which may be extended for an additional two years at the bank’s discretion.

There are two vacancies available for this recruitment drive. Candidates applying for these positions must not exceed the upper age limit of 35 years. The selection process will involve shortlisting candidates, followed by a personal interview conducted by the Selection Committee on a designated date. Interested and eligible applicants are required to complete the application form in the prescribed format and submit it via the specified email address before the deadline.

SIDBI Recruitment 2024: Post Names and Vacancies

The Small Industries Development Bank of India (SIDBI) is looking for qualified candidates to fill the contractual roles of Junior Level Officer (Operational Risk Manager) and Junior Level Officer (Mid Office – Market Risk Manager). According to the official SIDBI Recruitment 2024 notification, there are a total of 2 vacancies available for this recruitment drive.

Age Limit for SIDBI Recruitment 2024

As per the SIDBI Recruitment 2024 notification, candidates must be no older than 35 years to be eligible for the positions.

Tenure for SIDBI Recruitment 2024

The appointed candidates will have a contract for three years, which may be extended for an additional two years at the discretion of the bank. The agreement can be terminated by either party with one month’s notice, or alternatively, with a salary and applicable allowances in lieu of notice.

Qualifications for SIDBI Recruitment 2024

Candidates applying for SIDBI Recruitment 2024 should meet the following educational qualifications:

• A CA, CFA, MBA, MMS, MS, or PGDM in Finance, MSc in Risk Management, or MSc/MA in Maths, Statistics, or Economics; OR
• A BE/B.Tech degree along with professional qualifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM).

Experience Requirements for SIDBI Recruitment 2024

Applicants for SIDBI Recruitment 2024 must possess relevant experience:

Junior Level Officer (Mid Office – Market Risk Manager)

• Minimum 2 years of experience in the mid-office department and/or ALM desk at a bank, financial institution, or NBFC.

Required Skills and Competencies:

• Self-starter with a dependable personality, able to work independently and under pressure.
• In-depth knowledge of treasury products and processes.
• Familiarity with regulatory requirements.
• Strong analytical skills and a curious mindset for transaction analysis and error reconciliation.
• Excellent written and verbal communication skills in English.
• Ability to adapt to the Treasury team’s needs.
• Effective time management and prioritization skills.
• Proficiency in MS Office tools (e.g., PowerPoint, Excel).
• Hands-on experience with Excel tools, SQL, Python, or R for managing Market Risk/Mid-Office Operations.
• Knowledge of BASEL guidelines, particularly concerning Market Risk, is mandatory, with practical experience preferred.

Junior Level Officer (Operational Risk Manager)

• Minimum 2 years of experience in Operational Risk Management at a bank, financial institution, or NBFC.

Required Skills and Competencies:

• Comprehensive understanding of relevant regulatory guidelines for Operational Risk Management, including Fraud Risk, Outsourcing Risk, and IT and Cyber Risk Management.
• Strong collaborative skills and conflict resolution capabilities.
• Thorough knowledge of processes related to Operational Risk Management tools, including RCSA, KRIs, Incident Management, and New Product Approval.
• Familiarity with the regulatory code on Governance Framework in financial institutions and commercial banks.
• Ability to integrate various control functions to comprehensively assess risks.
• Capability to identify cross-business risks and organize cross-functional solutions.
• Develop effective reporting mechanisms, including dashboards and heat maps, to present to senior management.
• Assist in Operational Risk Management Committee meetings and conduct stress testing and scenario analysis.
• Build relationships with senior officials across the three Lines of Defence, including Heads of Business Verticals, Risk Management, Compliance, and Internal Audit.
• Well-developed analytical skills to identify root causes and anticipate future issues.
• Excellent written and verbal communication skills.
• Proficiency in MS Office tools (e.g., PowerPoint, Excel).

Salary for SIDBI Recruitment 2024

The salary for SIDBI Recruitment 2024 will be competitive with market standards, and the bank will consider each candidate on a case-by-case basis. In addition to the initial Cost to Company (CTC), candidates can expect an annual increase based on periodic performance evaluations.

Selection Process for SIDBI Recruitment 2024

As outlined in the official SIDBI Recruitment 2024 notification, candidates will be shortlisted for a personal interview conducted by the Selection Committee on a designated date.

How to Apply for SIDBI Recruitment 2024

Eligible candidates can apply for SIDBI Recruitment 2024 by following these steps:

Step 1: Obtain the application form in the prescribed format from the official notification.
Step 2: Complete the application form and gather the necessary documents.
Step 3: Submit the application form via email to “RIMV_MIdOffice@sidbi.in.” When sending the email, ensure that the subject line includes the following details: “Application for the post <<Post Code>>, <<Name of the Post>> <<Candidate Name>>.”

The deadline for submitting the application form is October 18, 2024.

SIDBI Recruitment 2024: Frequently Asked Questions

Here are answers to some common questions regarding SIDBI Recruitment 2024:

1. What is the age limit for SIDBI Recruitment 2024?
   The maximum age limit for candidates is 35 years.
2. How many years of experience are required for SIDBI Recruitment 2024?
   A minimum of 2 years of experience is required.
3. What is the last date to apply for UIDAI Corporation Recruitment 2024?
   The last date to apply for the position is October 18, 2024.

SIDBI Recruitment 2024 Notification PDF