Bank of Maharashtra Recruitment 2024
Bank of Maharashtra, a leading public sector bank headquartered in Pune with a network of more than 2,270 branches, is inviting offline applications for the role of Chief Compliance Officer (CCO) on a contractual basis. The chosen candidate will be stationed at the Head Office in Pune or potentially at another location based on the bank's needs.
Qualification Details
Mandatory Qualification:
- Bachelor's degree in any discipline from a Government of India-recognized institute or university.
Desirable Qualification:
- Postgraduate degree or professional certification in Finance, Risk Management, Legal, or related fields.
- Additional qualifications such as CA, ICWA, CS, CFA, MBA, LLB, or equivalent from a recognized university or institution are preferred.
- Diploma or Degree in Compliance and Ethics or its equivalent is also desirable.
Experience:
- Minimum of 15 years of overall experience in banking or financial services.
- At least 5 years of experience in Audit, Finance, Compliance, Legal, or Risk Management functions.
- Strong understanding of the industry, risk management, regulations, and legal frameworks.
- Ability to align with supervisors' expectations.
Salary Details
- The remuneration will be determined through negotiations, considering the candidate’s qualifications, experience, and overall fit for the role.
- Compensation will be provided on a Cost to Company (CTC) basis and will not be a limiting factor for the ideal candidate.
- The contract employee will be responsible for their own tax liabilities under the Income Tax Act, with tax deductions made at source.
- The total CTC package will encompass any statutory payments that the bank is required to make on behalf of the contract employee.
Place of Posting
The position / place of posting of candidate will ordinarily be at Head Office, Pune. He / She will be required to visit various zones as per bank's requirement
Application Fee
- Application Fee + Intimation Charges: ₹1,000.00
- GST (18%): ₹180.00
- Total Amount: ₹1,180.00
The application fee of ₹1,180/- (inclusive of GST) is non-refundable and must be paid via a Demand Draft drawn on any Nationalized Bank. The Demand Draft should be in favor of “Bank of Maharashtra - Recruitment of Chief Compliance Officer (CCO) Project 2024-25” and payable at Pune. No other payment methods will be accepted.
Selection Process
- Screening of Applications: The Bank may conduct preliminary screening to shortlist candidates based on their qualifications, experience, and suitability for the role.
- Shortlisting and Interview: Shortlisted candidates will be invited for interviews or discussions. Selection will be based on the performance in the interview.
- CTC Negotiation: Compensation and other terms will be negotiated with candidates who advance in the process.
- Final Selection: The final selection will be based on interview performance. Additional qualifications and extensive experience may be taken into account.
- Process Modification: The Bank reserves the right to alter the selection process depending on the number of applicants. Meeting the minimum qualifications does not guarantee an interview.
Application Procedure
- Applications must be submitted using the enclosed format along with self-attested documents.
- The deadline for submission is 31.08.2024. Applications received after this date will not be considered.
- Eligible and interested candidates should ensure their applications reach the specified address by 31.08.2024.
- Late applications will be automatically rejected.
- Incomplete applications or those lacking the required documents will also be rejected.
- Address the application to: General Manager, Bank of Maharashtra, HRM Department, Head Office, Lokmangal, 1501 Shivajinagar, Pune 411 005, and clearly indicate “Application For The Post Of Chief Compliance Officer (CCO) Project 2024-25” on the envelope.
Official Notification Click Here
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