SIDBI Junior Level Officer Recruitment 2024: The Small Industries Development Bank of India (SIDBI) is inviting applications from eligible candidates for the positions of Junior Level Officer (Mid Office – Market Risk Manager) and Junior Level Officer (Operational Risk Manager). There are three vacancies available for these roles. According to the official notification for SIDBI Recruitment 2024, applicants must be under the age of 35.
Candidates must possess one of the following qualifications: CA, CFA, MBA, MMS, MS, PGDM in Finance, MSc in Risk Management, or MSc/MA in Maths, Statistics, or Economics. Additionally, candidates with a BE/BTech and professional qualifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM) are also eligible.
As stated in the official notification for SIDBI Recruitment 2024, the appointments will be on a full-time contractual basis for a period of up to three years, with the possibility of extension for an additional two years at the bank’s discretion. Selected candidates will be based in Mumbai and must have at least two years of relevant experience. Compensation will be competitive and in line with market standards.
Selection will involve shortlisting candidates and conducting personal interviews by a selection committee. Those who meet all eligibility criteria as outlined in the official notification are encouraged to apply by submitting their completed applications along with the required documents to the email address provided. Candidates should ensure their applications are submitted before the deadline to avoid any last-minute issues.
SIDBI Recruitment 2024 Vacancy Total : 03 Posts
Post Name | Vacancy |
Junior Level Officer (Market Risk Manager) | 1 |
Junior Level Officer (Operational Risk Manager) | 2 |
SIDBI Recruitment 2024 Age Limit
- Minimum Age: NA
- Maximum Age: 35 years
SIDBI Recruitment 2024 Education Qualification
To be eligible for the SIDBI Recruitment 2024, candidates must meet the educational qualifications specified for each post:
Junior Level Officer (Market Risk Manager):
Applicants should possess one of the following qualifications:
- CA, CFA, MBA, MMS, MS, PGDM in Finance, MSc in Risk Management, or MSc/MA in Maths, Statistics, or Economics.
- Alternatively, a B.E./B.Tech degree accompanied by professional qualifications such as Financial Risk Manager (FRM) or Professional Risk Manager (PRM).
Junior Level Officer (Operational Risk Manager):
Applicants must hold one of the following qualifications:
- CA, CFA, MBA, MMS, MS, PGDM in Finance, MSc in Risk Management, or MSc/MA in Maths, Statistics, or Economics.
- Alternatively, a B.E./B.Tech degree with professional qualifications like Financial Risk Manager (FRM) or Professional Risk Manager (PRM).
SIDBI Recruitment 2024 Experience
Candidates interested in applying for SIDBI Recruitment 2024 must meet the following experience requirements:
Junior Level Officer (Market Risk Manager):
Applicants should possess a minimum of 2 years of experience in the mid-office department and/or Asset Liability Management (ALM) desk of a bank, financial institution, or non-banking financial company (NBFC).
Junior Level Officer (Operational Risk Manager):
Candidates are required to have at least 2 years of experience in the Operational Risk Management function within a bank, financial institution, or NBFC.
SIDBI Recruitment 2024 Salary
According to the official SIDBI Recruitment 2024 notification, salaries will be competitive and determined on a case-by-case basis, ensuring that they do not deter qualified candidates. The right candidate will not be limited by the offered salary.
In addition to the initial compensation on a Cost to Company (CTC) basis, there will be opportunities for annual increments based on the initial CTC. The Bank will consider these increases during periodic performance evaluations.
SIDBI Recruitment 2024 Selection Process
A selection committee will review applications and shortlist candidates for interviews to assess their eligibility for SIDBI Recruitment 2024. The final selection will be based solely on interview performance. Additionally, if needed, the bank may conduct a preliminary screening of applications to create a shortlist of qualified candidates who will be invited for interviews. Therefore, fulfilling the qualifications listed in the advertisement does not guarantee an interview invitation.
SIDBI Recruitment 2024 Tenure
The SIDBI Recruitment 2024 will be conducted on a contractual basis. The initial duration of the contract is set for three years, with the possibility of a two-year extension at the discretion of the Bank. Either party can terminate the contract by providing one month’s notice or by opting for payment in lieu of notice, which will include salary and any applicable allowances.
How to Apply for SIDBI Recruitment 2024
Candidates interested in applying for the SIDBI Recruitment 2024 must ensure that their completed application is submitted by October 18, 2024. The application should be typed in either Hindi or English, using the format available on the Bank’s website. It must include a recent passport-sized photograph affixed to the application and a Curriculum Vitae that bears the candidate’s full signature along with the date. Applications should be sent via email only to RiMV_MidOffice@sidbi.in. When forwarding the application, the subject line should include the following details: “Application for the post of <<Post Code>>, <<Name of the Post>>, <<Candidate Name>>”.
The final date for submitting applications is October 18, 2024..
FAQs for SIDBI Recruitment 2024
Here are some frequently asked questions regarding the SIDBI Recruitment 2024:
Q.1. How can I apply for SIDBI Recruitment 2024?
Ans. Candidates must submit their applications via the email provided above for SIDBI Recruitment 2024.
Q.2. What is the last date to submit applications for SIDBI Recruitment 2024?
Ans. The last date for submitting applications is October 18, 2024.
Q.3. What is the age limit for SIDBI Recruitment 2024?
Ans. The age limit for applicants should not exceed 35 years.
SIDBI Recruitment 2024 Notification & Application Form PDF
Notification PDF | Click Here |
Application Form | Click Here |
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