The National Bank for Agriculture and Rural Development (NABARD) has announced the recruitment of a Chief Risk Manager on a contractual basis for 2025. This position is a fantastic opportunity for seasoned professionals with significant experience in the banking, financial, and insurance sectors. Below, you’ll find comprehensive details on the qualifications, age requirements, compensation, and application process for this role.
NABARD Recruitment 2025 Overview
NABARD is inviting applications for the position of Chief Risk Manager, offering a single vacancy. The role is crucial for managing and mitigating risks within the organization. Candidates interested in this opportunity must ensure they meet specific eligibility criteria to apply for the role.
Vacancy Details
| Post | Vacancy |
|---|---|
| Chief Risk Manager | 1 |
Educational Qualifications and Experience
To be considered for the Chief Risk Manager post, applicants must possess the following educational qualifications and professional experience:
- Mandatory: A degree or post-graduate qualification in Economics, Statistics, Finance, or Business from a recognized institution. Alternatively, a Master’s in Management (MBA/PGDI), or qualifications like CA/CS are acceptable.
- Additional Qualifications: A certification in Risk Management from a prestigious institute is desirable.
- Work Experience:
- A minimum of 20 years of experience in the Banking, Financial Services, and Insurance (BFSI) sector.
- At least 5 years of senior-level management experience in Risk Management, specifically in Credit and Market Risk.
- Desirable: Experience as a Chief Risk Officer or in a Risk Management Head role at a regulated BFSI entity, ideally a commercial bank. A strong understanding of market risk, liquidity risk management, and operational risk will be considered advantageous.
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Age Criteria
Applicants must be aged between 52 and 62 years to be eligible for this position, as per the official recruitment notification.
Salary and Benefits
The appointed Chief Risk Manager will receive a monthly compensation of Rs. 4.00 Lakh (inclusive of all allowances). The salary package is designed to be competitive and reflects the seniority and responsibilities of the position. However, the candidate will be responsible for applicable tax liabilities under the Income Tax Act.
Superannuation Benefits
- The contractual position does not offer superannuation benefits such as Provident Fund, Pension, or Gratuity.
Contractual Tenure
The initial contract duration for this position is 2 years, with the possibility of extending the contract for an additional 3 years based on performance reviews. The overall term cannot exceed 5 years. Either the bank or the appointed candidate can terminate the contract with one month’s notice. The terms of the contract may be subject to change depending on the bank’s needs.
Selection Process
The recruitment process involves a shortlisting phase, where candidates will be evaluated based on their qualifications, experience, and suitability for the role. Shortlisted candidates will be invited for an interview. The selection will be based entirely on the interview performance. Additionally, selected candidates must undergo a pre-recruitment medical examination, and only those who are declared medically fit will be offered the role.
Application Procedure
Candidates who meet the eligibility criteria can apply online through the official NABARD website. Applications should be submitted with all necessary documents, including proof of qualifications and work experience. The bank will not consider any applications that are incomplete, submitted after the deadline, or lack the required documentation. The application process is entirely online, and it is crucial to ensure that all forms are filled out correctly before submission.
Important Application Fee Details
Applicants are required to pay an application fee, the specifics of which will be outlined in the official notification. The fee varies depending on the candidate’s category. Please refer to the official announcement for the exact fee structure.
Conclusion
NABARD’s recruitment for the Chief Risk Manager role presents a significant opportunity for experienced professionals in the BFSI sector to play a vital role in the organization’s risk management strategy. The role offers a competitive salary, but the contract nature of the appointment means candidates should be prepared for a fixed-term commitment. Interested individuals should ensure they meet the eligibility criteria and apply promptly once the application window opens.
People May Ask
1. What is the last date for submission of applications for NABARD Recruitment 2025?
The last date for applying will be announced in the official notification. Candidates are encouraged to stay updated through the NABARD website for the latest details.
2. What is the monthly salary for the Chief Risk Manager?
The selected candidate will receive a total of Rs. 4.00 Lakh per month as their all-inclusive compensation.
3. Can I apply if I am older than 62 years?
No, candidates must be between the ages of 52 and 62 years to apply for this role.
4. Is the Chief Risk Manager position permanent?
No, this position is offered on a contractual basis for an initial period of 2 years, extendable up to a maximum of 5 years.
5. How will candidates be selected for the position?
Candidates will be selected based on their qualifications, work experience, and performance in the interview. A pre-recruitment medical examination is also mandatory for final appointment.
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