Union Bank of India Recruitment 2022 Apply Online Chief Risk Officer vacancy 2022 online application form available at unionbankofindia.co.in - News

Union Bank of India Recruitment 2022 Apply Online @unionbankofindia.co.in. Candidates can check the latest Union Bank of India Recruitment 2022 Chief Risk Officer Vacancy 2022 details and apply online at unionbankofindia.co.in recruitment 2022 page. Here we have provided Union Bank of India Recruitment 2022 online application form, online process, so candidates can apply at Union Bank of India official website unionbankofindia.co.in
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Last updated: Dec 08, 2021 03:00 PM | Abisha Muthukumar

Union Bank of India Recruitment 2022 Apply Online Chief Risk Officer vacancy 2022 online application form available at unionbankofindia.co.in - News
Union Bank of India Recruitment 2022 Apply Online Chief Risk Officer vacancy 2022 online application form available at unionbankofindia.co.in - News

Union Bank of India Recruitment 2022 Notification Overview

Company Name Union Bank of India Recruitment 2022
Post Name Chief Risk Officer Jobs
No of Posts 1 Post
Job Location Mumbai Jobs
Last Date to Apply 29/12/2021
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Union Bank of India Recruitment 2022 Eligibility Details

Recruitment Of Senior Executive/ Domain Experts In Union Bank Of India On Contract Basis

1. Position Name: Chief Risk officer

2. Total Vacancy: 01

3. Educational Qualification:

Mandatory educational qualification: Graduate Degree with:

i. Professional certification in Financial Risk Management from Global Association of Risk professionals, OR

ii. Professional Risk Management Certification from PRMIA Institute, OR

iii. Two years’ experience as CRO in such regulated lender(s) in respect of which there is regulatory requirement of appointing CRO with Board approval.

4. Desirable additional Qualification:

i. Holder of Chartered Financial Analyst awarded by CFA Institute, OR

ii. Designated Chartered Accountant by the Institute of Chartered Accountant of India or equivalent abroad, OR

iii. Designated as a Cost and Management Accountant by the Institute of Cost Accountant of India or equivalent abroad.

5. Experience (As on 29.12.2021):

a. Mandatory experience:

Five years’ experience in corporate Credit and risk management at the level of Assistant General Manager or above in one or more PSBs, or having similar role and responsibilities in one or more regulated lending entity (in the opinion of the CRO-recruiting PSB and its CRO Selection Committee), with minimum experience of one year in corporate credit and one year in risk management.

b. Desirable additional Experience: Good understanding of market risk and / or liquidity management and /or operational risk, with exposure to analytics being an added desirable experience.

6. Skills & Job Description / Key Responsibilities:

Responsible for overall supervision of Risk Management function of the Bank. Overseeing the functioning of each of the Risk Management Division. Ensuring continuous improvement in the Risk Management Practices/policies of the Bank. Attending Credit Approval Committee (CAC) meetings. Representing the Bank at inter-bank forums like IBA, CAFRA, CORDEX or any other such forums on risk management related issues.

7. Remuneration:

i. The remuneration will be offered based on candidate’s qualifications, experience and overall suitability for the respective posts based on the negotiations and shall not be a limiting factor for suitable candidate. The compensation will be on CTC basis.

ii. The contract employee will be liable for tax liabilities as per Income Tax Act & Rules in force and the tax will be deducted at source. The amount of compensation being cost to the Bank will be inclusive of any statutory payments that Bank may be required to pay on behalf of the contract appointee.

8. Location Of Posting: 

The location of the posting shall be Mumbai. However, the candidate may be posted to work with the team(s) within the organization/parent organization/any subsidiary of the parent organization if and deemed necessary.

Age Limit
Age as on (01/12/2021): 35 - 55 yrs
Union Bank of India Recruitment 2022 Application Fees
Non-Refundable Application Fee Rs. 1000.00 (inclusive of GST). The fee is to be deposited with the Bank through online mode on or before the last date for payment of fee.


1. The process of Registration is complete only when fee is deposited with the Bank through Online mode on or before the last date for payment of fee.

2. All correspondence will be made only on the email ID mentioned by the candidate in their online application form and the same has to be kept active for receiving communication viz., call letters/Interview Dates/advices etc. 

3. One candidate can apply for only one post. In case of multiple applications, only the last valid (complete) application will be retained. Multiple appearances by a candidate for a single post in interview will be summarily rejected/ candidature cancelled.

4. Candidates are required to upload all required documents (brief resume, ID proof, age proof, PWD Certificate (if applicable), educational qualification, experience etc.) failing which their application/candidature will not be considered for shortlisting/ interview.

5. Short listing will be provisional without verification of documents. Candidature will be subject to verification of all details/ documents with the original when a candidate reports for interview (if called).

6. Before applying the candidates should ensure that they fulfill the eligibility criteria for the post as on the date of eligibility. In case a candidate is called for interview and is found to be not satisfying the eligibility criteria (Age, Educational Qualification and Experience etc.) he/ she will not be allowed to appear for the interview.

i. Further, if, at any stage, it is found that any information furnished in the ON-LINE application is false/ incorrect or if according to the Bank, the candidate does not satisfy the eligibility criteria for the post, his/ her candidature will be cancelled and he/she will not be allowed to appear for the interview / joining.

7. Candidates are advised to check Bank’s website 'www.unionbankofindia.co.in' under "Recruitments" > “Careers Overview” link regularly for details and updates (including the list of shortlisted/ selected candidates). The Call (letter/ advice), will be sent by e-mail only (no hard copy will be sent). 

8. All Revisions/ Corrigendum (If Any) Will Be Hosted On The Bank’s Website Only.

9. In case more than one candidate scores same marks as cut-off marks in the final merit list (common marks at cut-off point), such candidates will be ranked in the merit according to their age in descending order.

10. Candidates are requested to apply only ON-LINE through Bank’s Website www.unionbankofindia.co.in. No other mode of submission of application will be accepted by the Bank. 

General Instructions:

(i) Decision of the Bank in all matters regarding eligibility of the applicant, the stages at which such scrutiny of eligibility is to be undertaken, documents to be produced, Personal Interview, selection and any other matter relating to recruitment will be final and binding on the applicant.

a. While applying for the post, the applicant should ensure that he / she fulfills the eligibility and other criteria mentioned above and that the particulars furnished are correct in all respects. In case it is detected at any stage of recruitment that applicant does not fulfill the eligibility norms and / or that he / she has furnished any incorrect / false information/document or has suppressed any material fact(s), his / her candidature will automatically stand cancelled.

b. If any of the above shortcoming(s) is / are detected even after recruitment, his/her contract is liable to be terminated without any notice.

(ii) Payment of Application Fees by any other mode except by the above stated mode will not be accepted. Instruments like Demand Draft / Bankers Cheques / Indian Postal Orders received towards payment of Application Fees will not be encashed by the Bank and such instruments if received will not be returned to the applicants and the application of the candidate will not be considered.

(iii) Mere submission of application against the advertisement and apparently fulfilling the criteria as prescribed in the advertisement would not bestow on him / her right to be called for Personal Interview. (iv) Incomplete applications and / or applications without aforesaid documents will be rejected outright without assigning any reason thereof.

(v) An application once made will not be allowed to be withdrawn and the fees once paid will not be refunded on any account nor can it be held in reserve for any other examination or selection. Therefore before applying for the post, the applicant should ensure that he / she fulfill each of the eligibility criteria and other norms, including submission of documents, as mentioned in this notification.

(vi) Candidates will have to appear for the GD/interview/Selection Process at their own expense. However, eligible outstation SC/ST/Persons with Benchmark Disabilities category candidates called for GD/ interview will be paid II class to & fro railway/bus fare or actual expenses incurred, whichever is less, by shortest route on production of proof of travel (rail/bus ticket etc.).

a. The above concession will not be admissible to SC/ST/Persons with Benchmark Disabilities category candidates who are already in service in Central / State Government, Corporations, Public Undertakings /Local Government, Institutions and Panchayats etc.

(vii) Candidates serving in Govt./Quasi Govt. offices, Public Sector undertakings including Nationalized Banks and Financial Institutions are advised to submit ‘No Objection Certificate’ from their employer at the time of interview, failing which their candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.

(viii) In case of selection, candidates will be required to produce discharge certificate from the employer at the time of taking up the appointment.

(ix) Before appointment in the Bank, a proper unconditional discharge certificate from the previous/present employer(s) will have to be produced by the applicant.

(x) The staff on contract shall not be entitled to any superannuation benefits viz., Provident Fund, Pension, Gratuity, etc.

(xi) Intimations, wherever required will be sent by email and/ SMS only to the email ID and mobile number registered in the online application form. Bank shall not be responsible if the information/ intimations do not reach candidates in case of change in the mobile number, email address, technical fault or otherwise, beyond the control of Bank. Candidates are advised to keep a close watch on the authorized Bank’s website www.unionbankofindia.co.in for latest updates.

(xii) All further announcements/Addendum or Corrigendum (if any)/details pertaining to this process will only be published/ provided on authorized Bank’s website www.unionbankofindia.co.in from time to time under "Recruitments" “Careers Overview” link. No separate communication/intimation will be sent to the candidates who are not shortlisted/not selected in the process. All notification/communication placed on the Banks’ website shall be treated as initiation to all the candidates who have applied for the said project.

(xiii) The Bank reserves the right to alter, modify or change the eligibility criteria and / or any of the other terms and conditions spelt out in this Notification.

(xiv) Any resultant dispute arising out of this Notification shall be subject to the sole jurisdiction of the Courts situated in Mumbai.


Manpower Planning and Recruitment Division, Human Resource Department, Central Office, Mumbai

Selection Process for Union Bank of India Recruitment 2022

(i) The selection will be based on shortlisting and interview. Mere fulfilling minimum qualification and experience will not vest any right in candidate for being called for interview. 

(ii) The Shortlisting Committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank will be shortlisted and called for interview.

(iii) The decision of the bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard. 

(iv) The roll nos. of candidates shortlisted for interview & subsequent selection shall be published on Bank’s website. Intimation/ call letter for interview will be sent by email or will be uploaded on Bank's website. 

(v) The final appointment will be based on the decision of the Selection Committee constituted for the purpose.

(vi) Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate score the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit.

How to Apply Union Bank of India Recruitment 2022 at unionbankofindia.co.in?

1. Union Bank Of India Invites Online Application from Indian Citizen for Appointment to the Following Senior Executive/Domain Expert Posts. Candidates are requested to apply Online through the link given on Bank’s website 'www.unionbankofindia.co.in'

2. Online Registration of Application & Payment of Fees: From 08.12.2021 to 29.12.2021

3. Candidates are requested to apply only ON-LINE through Bank’s Website www.unionbankofindia.co.in. No other mode of submission of application will be accepted by the Bank.

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