Introduction:
IOB BANK RECRUITMENT, a leading Public Sector Bank, with headquarters in Chennai, having geographical presence all over India and abroad, invites applications from Indian Citizens for engagement as a Consultant for the Compliance Department on a Contractual Basis.
The conditions of service and eligibility are provided here under:
Age- Maximum age: 65 years IOB BANK RECRUITMENT 2025
Cutoff date for eligibility criteria– 01.05.2025 IOB BANK RECRUITMENT 2025
Qualification:
Mandatory Qualification- A bachelor’s degree in any field from an institution or university approved by the Indian government or its oversight agencies.
Desirable Qualification- A professional certification or postgraduate degree in finance, risk management, law, etc.
Experience:
At least 15 years of total experience in banking or financial services is required of the candidate, with at least 5 of those years spent in roles related to audit, finance, compliance, law, or risk management.
At least one position in a public or private sector bank that is not lower than the rank of general manager or its equivalent.
The candidate should be sensitive to the requirements of supervisors, possess a solid understanding of the industry and risk management, and be knowledgeable about the laws and regulations. Others: The candidate should not have any pending vigilance cases or unfavorable RBI observations.
Period of Engagement:
under contract for a two-year initial term, with a half-yearly review after that. IOB BANK RECRUITMENT 2025…
Selection procedure:
The screening committee will review the applications, and the selection committee will interview the shortlisted individuals. A written test, group discussion, preliminary interview, or a combination of the aforementioned appropriate procedures may be used if the number of applicants is significantly high.
Job Profile / Role & Responsibilities:
- Clarification of matters about compliance and guidance on the compliance role as a whole.
- advising on significant modifications or observations about the rules and helping the organization adopt them.
- monitoring, identifying, and reporting regulatory violations and compliance problems, as well as carrying out root cause analysis and offering corrective action recommendations.
- monitoring and disclosing statutory and regulatory compliance in a timely, actionable manner to the entire organization.
- Implementation of various regulatory and statutory bodies’ advice and instructions in a sustainable and time-bound manner.
- offering guidance and support in creating the compliance training curriculum and putting it into practice in each training session.
- Provide advice and recommendations for creating and evaluating the Compliance Policy as well as other internal guidelines, SOPs, advisories, and circulars.
- execution of Compliance Testing, Thematic Audits, and Tranche Testing, both on and off-site.
- giving advice on how to create new digital products, as well as other new products and processes that comply with laws and regulations.
- Gap analysis of current digital products and other products, processes, and policies, along with recommendations for corrective actions.
- ensuring that monthly regulatory returns are submitted on time.
- expanding and strengthening the organization’s compliance culture.
- assisting in the timely compliance and efficient execution of regulatory inspections.
- Supplying technical integration advice for efficient compliance tracking.
- Supplying direction for creating a framework for group compliance.
The given job description is merely an example and is not all-inclusive. The Bank may occasionally assign jobs for the aforementioned position in addition to the ones listed above.
GENERAL INSTRUCTIONS:
The candidate should confirm that they meet the qualifying requirements and other requirements listed in this notice before applying for the position.
If a candidate is determined to be ineligible, the bank has the right to reject their application at any point during the hiring process. Candidates will be bound by the Bank’s judgment, which will be final in determining qualifications, experience, and other eligibility requirements.
As previously mentioned, his or her contract engagement is for a defined time frame and should not be interpreted as an offer of employment or a regular position with the Bank.
The Bank disclaims all liability for any application or communication that is not received promptly or that is lost in postal transit.
Only applicants who meet the requirements will be contacted via email and invited for an interview.
The courts located in Chennai will have exclusive jurisdiction over any dispute arising from and/or relating to the recruitment process under this advertisement.
Changes to the contact number, address, email address, interview location, date, and time will not be accepted.
If there is a disagreement over how to interpret a version other than English, the English version will be used.
The engagement of chosen applicants is contingent on their being deemed medically fit under the Bank’s requirements. The Bank’s rules and policies will also apply to such participation.
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