PSB Chief Risk Officer Recruitment 2026 – Apply Online

Punjab & Sind Bank describes itself as a Govt. of India Undertaking, with its Head Office HRD Department at NBCC Building Block 3, Kidwai Nagar, New Delhi - 110023. The Chief Risk Officer will oversee risk management across the Bank, including at group level covering Domestic Operations, Domestic Subsidiaries and Branches.

A candidate must be a citizen of India, a subject of Nepal or Bhutan, a Tibetan refugee who came to India before 1 January 1962 intending to settle permanently, or a person of Indian origin who migrated from Pakistan, Burma, Sri Lanka, Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia or Vietnam intending to settle permanently. The last four groups need a certificate of eligibility issued by the Govt. of India. Graduate Degree from a university/institution recognised by the Government of India or its regulatory bodies. At least five years' experience in Corporate Credit and Risk Management at the level of Assistant General Manager or above in one or more Public Sector Banks; or in an equivalent senior position, with similar roles and responsibilities, in one or more regulated lending entities, as may be determined by the Bank and the CRO Selection Committee,

Pay: the compensation and terms and conditions will be negotiated/finalised depending upon the suitability of the candidate. Tenure: the CRO may initially be engaged for a fixed contractual tenure of three years, extendable by one year at a time, up to a maximum of five years, subject to annual performance review by the Board/Risk Management Committee of the Board. The engagement is purely contractual and gives no right to claim regular employment or absorption in the Bank. Working hours and weekly off/holidays are as applicable to the Bank's serving employees. Leave: 30 days' paid leave per calendar year, not more than 05 days at a time. Absence beyond 30 days in a contract year leads to a proportionate deduction from the consolidated payment, and unavailed leave lapses at the end of the contract year. PF, Gratuity, Pension etc. do not apply, and no other allowance, payment, benefit or

The CRO oversees the entire risk management process of the Bank, including at group level, reviews risk models, and develops policies, procedures and pricing models. The role is grouped under credit risk, market risk, operational risk, and liquidity and interest rate risk management, and also includes RBI guidelines applicable from time to time. Annexure I of the notice lists these duties: Act as risk assessor and overall in charge of the Bank's Risk Management function, and advise top management. Implement and maintain an enterprise-wide integrated risk management and governance framework covering credit, investment, operational, market and compliance risk. Report the Bank's risk profile periodically to Risk Committees, top management and the Board, and implement BASEL guidelines as per RBI directives. Oversee the Fraud Risk Management Department (FRMD) and strengthen frameworks includi

The selection process may broadly comprise preliminary scrutiny of applications, shortlisting, a personal interaction/interview before the Selection Committee, and verification of credentials. Final selection is on marks obtained in the interview, by merit ranking. Scrutiny: applications are checked against age, qualifications, experience and other eligibility conditions. Shortlisting: based on relevant experience, seniority, professional credentials and suitability, and on academic track record. Only shortlisted candidates are called. Meeting the minimum qualification and experience gives no right to be called. Interview: assesses knowledge of credit, market, operational, liquidity, technology, cyber, climate and other material risks, plus leadership ability, independence of judgement, regulatory awareness and ability to interact with the Board and senior management. Verification of cre

Candidates serving in Government/Public Sector Undertakings including Banks must produce a No Objection Certificate from their employer at the time of interview, failing which the candidature will not be considered. The selected candidate must produce a valid discharge/relieving letter from the present employer before joining. Appointment is subject to medical fitness, the required qualifications and experience, and clearances, verifications and background checks. The number of vacancies is provisional and may vary with the Bank's requirement. If several applications are made, only the last valid complete application is retained. Requests to change the interview date, time or venue will not be entertained. The Bank may change, add or cancel the selection process, or cancel the whole process, and will announce this on its website or by email. False information or suppressed facts lead to