PSB Chief Risk Officer Recruitment 2026 – Apply Online

Punjab & Sind Bank (a Govt. of India Undertaking), through its Head Office HRD Department in New Delhi, is engaging one Chief Risk Officer (CRO) on contract for professional services. The initial tenure is three years, the age limit is 40 years minimum and less than 55 years (as on 01.11.2026), and the pay is to be negotiated. Applications are online only at punjabandsind.bank.in from 7 November 2026 to 17 November 2026; the time of closing is not printed.

PSB CHIEF RISK OFFICER at a Glance

The official notification does not specify the pay amount or an advertisement number. It says compensation will be negotiated.

About PSB

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.

Who Can Apply

Nationality

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.

Essential qualification and experience (as on 17.11.2026)

• 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, with minimum experience of one year in Corporate Credit and one year in Risk Management.
• Along with any one of: (a) professional certification in financial risk management from the Global Association of Risk Professionals; (b) Professional Risk Management Certification from the PRMIA Institute; or at least two years' experience as Chief Risk Officer in a regulated lending entity where the CRO must be appointed with Board approval under a regulatory requirement.

Desirable

Preference may be given to candidates with one or more of the following:

• Chartered Financial Analyst charter from the CFA Institute.
• Chartered Accountant qualification from the Institute of Chartered Accountants of India or an equivalent qualification obtained abroad.
• Cost and Management Accountant qualification from the Institute of Cost Accountants of India or an equivalent qualification obtained abroad.
• Postgraduate degree in Finance, Economics, Banking, Risk Management, Business Administration or a related field.
• Certification or specialised qualification in treasury risk, credit risk, operational risk, cyber risk, climate risk, data analytics or model-risk management.
• Desirable experience: good understanding of market risk and/or liquidity management and/or operational risk, with exposure to analytics an added advantage.

Age limit

Minimum 40 years of age and less than 55 years of age (as on 01.11.2026). The notice prints no age relaxation. Date of birth as per the Secondary School Certificate (SSC)/School leaving certificate must confirm age eligibility.

Pay and Terms

• 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 facility is payable beyond what the notice mentions.
• Location: preferably Head Office/Corporate Office; the Bank reserves the right to post the candidate to any office in India depending on administrative requirements.

PSB CHIEF RISK OFFICER Job Description

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 including EIRMS, policy and cyber risk governance.
• Credit risk: bank-wide credit risk management, risk limits and risk appetite, stress testing, preparation of the Annual ICAAP document, monitoring of large exposures, and validation of Credit Risk Assessment (CRA)/scoring models.
• Market risk: turn the Board's framework into policies and procedures, and guide the market risk team on interest rate risk, equity price risk, derivatives, country limits, counterparty bank limits and stress testing.
• Operational risk: supervise the ORM Cell, review operational risk policies, conduct the Product and Process Approval Committee, Credit Policy Committee, ALCO and ORMC meetings, oversee AML/CFT controls and IT security risk, and ensure Board RMC meetings are held as scheduled.
• Liquidity and interest rate risk: oversee the liquidity position of all PSB Zones and departments, supervise the ALM Cell and review the Asset Liability Management Policy.

The notice adds that any other roles and responsibilities may be assigned by the authorities/Bank.

How to Apply for PSB CHIEF RISK OFFICER

1. Log on to the Bank's website https://punjabandsind.bank.in/ and, on the Home Page under the link "Recruitment", click the relevant Notification. No other mode of application is accepted.
2. Before registering, keep a valid personal email ID and mobile number active until the appointment process ends. Call letters are sent to the registered email ID.
3. Spell your name and your father's/husband's name exactly as in your certificates, mark sheets and identity proof. Any change found may disqualify the candidature.
4. Pay the application fee online only. Cash, Demand Drafts, Cheques, Money Orders and Postal Stamps are not accepted.
5. Submit the application by 17.11.2026. Applications received after the stipulated date and incomplete applications are rejected.

Application fee

The fee is Rs. 1000/- + GST as applicable. The table prints Rs. 1180/- (including CGST and SGST) for New Delhi and Rs. 1180/- (including IGST) for out of New Delhi. Transaction charges are borne by the candidate. The fee is non-refundable and cannot be held in reserve for any other selection. An application cannot be withdrawn once made.

Documents named in the notice

• Scanned photograph and signature as per the guidelines in the advertisement; image formats .png, .jpg, .jpeg, .bmp, .gif.
• Scanned thumb impression and handwritten declaration: "I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required."
• Education, experience, reservation certificates and date of birth proof, scanned in PDF format only.
• Original documents at the interview; candidates will not be allowed to participate without them. Copies of the same passport-size photograph are to be brought for the interview.

Selection Process

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 credentials, vigilance status, integrity, reputation and antecedents.

The interview venue, date and time will be informed in the call letter, sent by email only. Candidates attend at their own cost. The notice mentions no written test.

Important Instructions

• 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 cancellation, forfeiture of fee and possible termination after appointment. Canvassing in any form is a disqualification.
• Any dispute is subject to the sole jurisdiction of the Courts at Delhi, and the English version prevails.

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