Corporation Bank Recruitment of Risk Managers 2011

Corporation Bank was established in the year 1904 with an initial capital of Rs 5000.  This bank was nationalized in 1980 and has recorded Rs 1,67,000 Crore mark in business. This bank has about 3500 service outlets across the nation and is served by about 13,000 employees.

Corporation Bank became the second Public Sector Bank in India to come up with an IPO in 1997. It is also the first bank to have started Cash Management Services, Gold Banking, m-Commerce, "Online" approvals for Educational loans and 100% CBS Compliance.

The Bank has invited applications from eligible candidates for the post of Risk Managers to be filled in the year 2011. Mentioned below are the details for the same.

Name of the post

1. Risk Managers (Senior Manager)
2. Risk Managers (Assistant General Manager)

Total Number of Vacancies
1. Risk Managers (Senior Manager) – 3 (General Category)
2. Risk Managers (Assistant General Manager) – 1 (General Category)

Age Limit
1. Risk Managers (Senior Manager) – 3 (General Category): 25 years of age (min) and 35 years of age (max) as on 31 March 2011
2. Risk Managers (Assistant General Manager) – 1 (General Category): 30 years of age (min) and 40 years of age (max) as on 31 March 2011

Educational qualification
1. Risk Managers (Senior Manager): Graduate (with minimum of 55% marks) from a recognised university and FRM
2. Risk Managers (Assistant General Manager): Graduate (with minimum of 60% marks) from a recognised university and a pass in the CA examination of the Institute of Chartered Accountants of India/ FRM. Post Graduate Diploma in Finance/ Risk Management, CAIIB would be preferred.

Experience (if required)
1. Risk Managers (Senior Manager): 5 years experience in banking. Those having exposure to Risk Management in Banks in officer’s Cadre will be preferred.
2. Risk Managers (Assistant General Manager): 10 years experience in banking. Should have exposure to Risk Management in Banks in Executive Cadre. Ability to analyze Credit Proposals and exposure to Treasury Operations will be of added advantage.

Important Dates:
a) Opening date for online registration: 8 March 2011

b) Closing date for online registration: 8 April 2011

c) Modification in Online application can be made up to: 10 April 2011

Pay scale:
1. Risk Managers (Senior Manager): Rs 25700-800/5-29700-900/2-31500 (CTC Rs 6.75 lakh)
2. Risk Managers (Assistant General Manager): Rs 36200-1000/2-38200-1100/2-40400 (CTC Rs 11.50 lakh)

DA, CA, HRA will be payable as per rules depending upon the place of posting. Medical Aid, LTC, Pension, Gratuity, Conveyance will be admissible as per Bank rules.

Probation Period: One year after joining failing which the officer shall be liable to pay to the bank a sum of Rs 50000 and 3 months notice period.

Application Fee: The fee to be paid is Rs 300.

Selection procedure: All the eligible candidates have to appear for Group Discussion conducted by the Bank. The candidates will be informed of date and venue of GD by e-mail only. No hard copy will be sent by post.

Important Information

Advertisement Number: CRPO-1-2011

Call Letters for Written Test: Call letters can be downloaded from Bank's website after May 13, 2011

For further information and applying online, go to bank’s website: http://corpbank.com

View Other 2011 Bank Recruitment here.