Punjab & Sind Bank, a Government of India undertaking, has released a notification inviting applications for the post of Chief Risk Officer (CRO). The position will be filled on a contract basis for professional services. If you’re an experienced banking or risk management professional looking for a senior leadership role, here’s everything you need to know before applying.
Important Dates
| Event | Date |
|---|---|
| Online application starts | 03.09.2026 |
| Last date to apply online | 12.09.2026 |
Punjab & Sind Bank Chief Risk Officer Recruitment 2026 – Important Links
| LINK DESCRIPTION | LINK |
| Offficial Notification | Click Here |
| Official Website | Click Here |
Candidates are advised not to wait until the last date, since the bank does not entertain requests for extensions or late submissions.
Number of Vacancies
There is 1 vacancy for the post of Chief Risk Officer.
Eligibility Criteria
Nationality
Applicants must be Indian citizens, or fall under a small set of other eligible categories (such as subjects of Nepal or Bhutan, or persons of Indian origin who migrated from specific countries with the intention of settling permanently in India). Candidates in these special categories need an eligibility certificate issued by the Government of India.
Age Limit
Candidates must be at least 40 years old and less than 55 years old as on 01.09.2026.
Educational Qualification
A graduate degree from a recognised university is mandatory, along with one of the following:
- Certification in financial risk management from the Global Association of Risk Professionals (GARP), OR
- Professional Risk Management Certification from PRMIA, OR
- At least two years of experience as a CRO in a regulated lending entity where a CRO appointment required Board approval.
Desirable (added advantage) qualifications include CFA, CA, CMA, a postgraduate degree in Finance/Economics/Banking/Risk Management/Business Administration, or specialised certification in treasury, credit, operational, cyber, climate, or model-risk management.
Experience
At least 5 years of experience in Corporate Credit and Risk Management at the level of Assistant General Manager (AGM) or above in one or more Public Sector Banks, or an equivalent senior role in a regulated lending entity — with a minimum of 1 year each in Corporate Credit and Risk Management.
Role of the Chief Risk Officer
The CRO will oversee the bank’s entire risk management function across four broad areas:
- Credit Risk Management
- Market Risk Management
- Operational Risk Management
- Liquidity and Interest Rate Risk Management
The role also involves implementing RBI/BASEL guidelines, leading the bank’s risk team, and reporting risk profiles to the Board and Risk Management Committee.
Tenure and Remuneration
- The CRO will be engaged for an initial 3-year contract, extendable annually up to a maximum of 5 years, subject to yearly performance review.
- This is a contractual engagement only — it does not lead to regular employment, and benefits like PF, Gratuity, or Pension do not apply.
- Compensation will be negotiated based on the candidate’s profile and suitability.
- Candidates get 30 days of paid leave per year (max 5 days at a stretch).
Application Fee
| Category | Fee |
|---|---|
| Base fee | ₹1,000 + GST |
| Total (Delhi candidates) | ₹1,180 (CGST + SGST) |
| Total (outside Delhi) | ₹1,180 (IGST) |
Fees must be paid online only — cash, cheques, DDs, and postal orders are not accepted. The fee is non-refundable once paid.
Selection Process
- Preliminary scrutiny of applications (age, qualification, experience)
- Shortlisting based on experience, seniority, and credentials
- Personal interview before the Selection Committee
- Assessment of risk knowledge (credit, market, operational, liquidity, cyber, climate)
- Final merit list based on interview performance
How to Apply
Eligible candidates must apply online only through the official Punjab & Sind Bank website: https://punjabandsind.bank.in/ — go to the Recruitment section on the homepage and select the relevant notification.
Before applying, keep the following ready:
- Scanned photograph and signature (as per specified format)
- Scanned thumb impression and handwritten declaration
- Education, experience, and ID proof documents (PDF format)
- A valid personal email ID and mobile number (must stay active throughout the process)
ey Points to Remember
- Only shortlisted candidates will be contacted via email.
- Original documents must be produced at the time of interview — no exceptions.
- Multiple applications for the same post will lead to rejection of all but the last valid one.
- The number of vacancies is provisional and may change based on the bank’s requirements.
This post is for informational purposes. Candidates should verify all details directly on the official Punjab & Sind Bank website before applying.