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.
Article continues below advertisement
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.
Article continues below advertisement
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
Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.
