IB Specialist Recruitment 2024

Indian Bank (IB), Allahabad

IB Specialist Recruitment 2024 Notification. Indian Bank, a premier Public Sector Bank headquartered in Chennai, invites applications for various specialist posts on a contractual basis. Seize this opportunity to join our esteemed institution and contribute to our journey of excellence.

IB Specialist Recruitment 2024: Important Dates

• Online Registration & Payment of Application Fees and Intimation Charges:
  • Start Date: 29/06/2024
  • End Date: 14/07/2024

IB Specialist Recruitment 2024: Available Positions and Vacancies

1. Deputy Vice President, Credit

   • Vacancies: 10 (SC: 2, ST: 1, OBC: 2, EWS: 1, UR: 4)
   • Age: 27–40 years
   • Educational Qualification: CA or MBA in Finance
   • Experience: Minimum 7 years in Corporate Credit in a supervisory or management role

2. Assistant Vice President, Credit

   • Vacancies: 13 (SC: 3, ST: 1, OBC: 2, EWS: 1, UR: 6)
   • Age: 25-38 years
   • Educational Qualification: CA/ICWA or MBA in Finance
   • Experience: Minimum 5 years in Corporate Credit

3. Deputy Vice President, Software Testing

   • Vacancies: 1 (OBC: 1)
   • Age: 27–40 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: ISTQB Advanced Level
   • Experience: Minimum 7 years in IT with 5 years in Software Testing

4. Deputy Vice President – Vendor Management

   • Vacancies: 1 (UR: 1)
   • Age: 27–40 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: Desirable in Vendor Management
   • Experience: Minimum 7 years in IT with 5 years in Vendor Management

5. Deputy Vice President, Project Management

   • Vacancies: 1 (UR: 1)
   • Age: 27–40 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: PMP or PRINCE2
   • Experience: Minimum 7 years in IT with 5 years in Project Management

6. Deputy Vice President, DC/DR Operations

   • Vacancies: 1 (UR: 1)
   • Age: 27–40 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: Professional level in AIX, RHEL, or Oracle Linux
   • Experience: Minimum 7 years in IT with 5 years in Data Center Operations

7. Deputy Vice President, Asset & Patch Management

   • Vacancies: 1 (UR: 1)
   • Age: 27–40 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: CompTIA Security+, SANS GIAC Certified Windows Security Administrator, or Microsoft Certified: Azure Administrator Associate
   • Experience: Minimum 7 years in IT with 5 years in Asset and Patch Management

8. Assistant Vice President, Data Center Operations

   • Vacancies: 2 (OBC: 1, UR: 1)
   • Age: 25-38 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: Associate level in AIX, RHEL, or Oracle Linux
   • Experience: Minimum 5 years in IT with 3 years in Data Center Operations

9. Assistant Vice President – API Operations

   • Vacancies: 2 (SC: 1, UR: 1)
   • Age: 25-38 years
   • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
   • Certification: IBM Certified CP4I Administrator or Red-hat Open Shift Administrator
   • Experience: Minimum 5 years in IT with 2 years in API Operations

10. Assistant Vice President, Network Operations

    • Vacancies: 2 (OBC: 1, UR: 1)
    • Age: 25-38 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: CCNP Enterprise/CCNP Security
    • Experience: Minimum 5 years in IT with 3 years in Network Operations

11. Assistant Vice President, DBA

    • Vacancies: 2 (SC: 1, UR: 1)
    • Age: 25-38 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: Oracle Certified Associate (OCP)
    • Experience: Minimum 5 years in IT with 3 years in Database Administration

12. Assistant Vice President, Information Security Operations

    • Vacancies: 2 (OBC: 1, UR: 1)
    • Age: 25-38 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: CISSP, CISA, CISM, or CompTIA Security+
    • Experience: Minimum 5 years in IT with 3 years in Information Security Operations

13. Associate Manager, Senior Officer, Data Center Operations

    • Vacancies: 2 (OBC: 1, UR: 1)
    • Age: 23-35 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: Associate level in AIX, RHEL, or Oracle Linux
    • Experience: Minimum 3 years in IT with 2 years in Data Center Operations

14. Associate Manager – Senior Officer – Network Operations

    • Vacancies: 2 (SC: 1, UR: 1)
    • Age: 23-35 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: CCNA Routing & Switching/CCNA Security/CCNA Enterprise
    • Experience: Minimum 3 years in Network Operations

15. Associate Manager, Senior Officer – API Operations

    • Vacancies: 1 (OBC: 1)
    • Age: 23-35 years
    • Educational Qualification: Engineering/Technology Degree in Computer Science/IT
    • Certification: IBM Certified CP4I Administrator or Red-hat Open Shift Administrator
    • Experience: Minimum 3 years in IT with 1 year in API Operations

16. Deputy Vice President – MSME Relationship

    • Vacancies: 10 (SC: 1, ST: 1, OBC: 2, EWS: 2, UR: 4)
    • Age: 28–40 years
    • Educational Qualification: Graduate or MBA in Marketing/Finance or CA/CWA/ICWA
    • Experience: Minimum 8 years in MSME Credit Relationship Management

17. Assistant Vice President – MSME Relationship

    • Vacancies: 10 (SC: 1, ST: 1, OBC: 2, EWS: 2, UR: 4)
    • Age: 26-38 years
    • Educational Qualification: Graduate or MBA in Marketing/Finance or CA/CWA/ICWA
    • Experience: Minimum 6 years in MSME Credit Relationship Management

18. Associate Manager, Senior Officer, MSME Relationship

    • Vacancies: 10 (SC: 1, ST: 1, OBC: 2, EWS: 1, UR: 5)
    • Age: 23-35 years
    • Educational Qualification: Graduate or MBA in Marketing/Finance or CA/CWA/ICWA
    • Experience: Minimum 3 years in MSME Credit Relationship Management

19. Deputy Vice President, Climate Risk

    • Vacancies: 1 (UR: 1)
    • Age: 29–40 years
    • Educational Qualification: Engineering Graduate or Master’s in Mathematics, Statistics, Finance, Environmental Science/Geography, or MBA
    • Certification: Any IBA-approved Risk Management Certification
    • Experience: Minimum 8 years in Climate Risk Management

20. Assistant Vice President, Climate Risk

    • Vacancies: 1 (OBC: 1)
    • Age: 27–40 years
    • Educational Qualification: Engineering Graduate or Master’s in Mathematics, Statistics, Finance, Environmental Science/Geography, or MBA
    • Certification: Any IBA-approved Risk Management Certification
    • Experience: Minimum 5 years in Climate Risk Management

21. Deputy Vice President, Model Validator

    • Vacancies: 1 (OBC: 1)
    • Age: 29–40 years
    • Educational Qualification: Engineering Graduate, Master’s in Mathematics/Statistics, or Postgraduate in Business Management/Banking/Finance
    • Certification: Any IBA-approved Risk Management Certification
    • Experience: Minimum 8 years in Risk modeling and validation

22. Assistant Vice President – Model Developer, Risk Modeling

• • Age: Min. 27 years, Max. 40 years
  • Educational Qualification:
    1. Engineering graduate or Master’s degree in Mathematics/Statistics
    2. And/Or Postgraduate Degree/Diploma in Business Management/Banking/Finance
  • Certifications:
    1. Mandatory: One of the IBA-approved Risk Management Certification courses:
       1. Certificate course in Risk Management (NIBM)
       2. Certificate in Risk in Financial Services, Level 2 (IIBF)
       3. Financial Risk & Regulation (GARP)
    2. Desired: FRM from GARP/PRM from PRMIA/CFA from CFA Institute
  • Experience:
    1. Minimum 5 years in the financial services industry, with at least 3 years in Risk modeling, risk analytics, or related roles
    2. Experience in developing Expected Credit Loss Models is desired
  • Skills:
    1. Design of statistical models using regression (linear/logistic/Machine learning/Decision Trees), optimization, time series, and survival modeling techniques
    2. Strong understanding of application scorecards, behavioral scorecards, collection scorecards, and credit risk models
    3. Proficiency in programming languages like Python, R, or SAS for model development and implementation

       23.  Assistant Vice President – Sector/Industry Analyst, NBFC

• • Age: Min. 27 years, Max. 40 years
  • Educational Qualification:
    1. Chartered Accountant (CA)
    2. Or MBA (or equivalent PG Degree/Diploma)
  • Certifications:
    1. Mandatory: One of the IBA-approved Risk Management Certification courses:
       1. Certificate course in Risk Management (NIBM)
       2. Certificate in Risk in Financial Services – Level 2 (IIBF)
       3. Financial Risk & Regulation (GARP)
    2. Desired: FRM from GARP, PRM from PRMIA/CFA from CFA Institute or any credit- or risk-related course from reputed institutes
  • Experience:
    1. Minimum 5 years in BFSI sector, with at least 3 years in market research, analysis, or consulting focused on a specific industry or sector
  • Skills:
    1. Strong analytical skills, ability to use data for business decisions
    2. Excellent communication and presentation skills for both technical and non-technical audiences
    3. Deep knowledge of the designated industry/sector and current trends
    4. Proficiency in market research and analysis tools, including statistical software

      24. Deputy Vice President, Portfolio Management

• • Age: Min. 29 years, Max. 40 years
  • Educational Qualification:
    1. Engineering graduate/Chartered Accountant (CA)/MBA (or equivalent PG Degree/Diploma)
  • Certifications:
    1. Mandatory: One of the IBA-approved Risk Management Certification courses:
       1. Certificate course in Risk Management (NIBM)
       2. Certificate in Risk in Financial Services, Level 2 (IIBF)
       3. Financial Risk & Regulation (GARP)
    2. Desired: FRM from GARP/PRM from PRMIA/CFA from CFA Institute or any credit- or risk-related course from reputed institutes
  • Experience:
    1. Minimum 8 years in BFSI sector, with at least 5 years in market research, analysis, or consulting focused on a specific industry or sector
  • Skills:
    1. Understanding of operations/processes of a large commercial bank
    2. Knowledge of relevant industry and product ranges
    3. Understanding of IT infrastructure in BFSI for digital risk analysis and leveraging technology for risk assessment
    4. Analytical skills to identify root causes, and trends, and anticipate future issues
    5. Knowledge of business-level policies and procedures and application to specific situations
    6. Ability to form independent opinions on business practices and recognize emerging risks

     25.  Deputy Vice President – Data Analytics

• • Age: Min. 29 years, Max. 40 years
  • Educational Qualification:
    1. B.E./B.Tech. in Computer Science/Information Technology/Electronics/Electronics & Communication/MCA/M.Sc. in Statistics/MS in Data Science
  • Certifications:
    1. Mandatory: One of the IBA-approved Risk Management Certification courses:
       1. Certificate course in Risk Management (NIBM)
       2. Certificate in Risk in Financial Services, Level 2 (IIBF)
       3. Financial Risk & Regulation (GARP)
    2. Desired: FRM from GARP/PRM from PRMIA/CFA from CFA Institute
       1. Certification in Data Science is desirable if the primary qualification is not in Data Science
       2. Certifications from SAS, Python
  • Experience:
    1. Minimum 8 years in data analysis, with at least 5 years in the Management function of a bank or related field in the financial services industry
  • Skills:
    1. Proficiency in handling and analyzing large datasets
    2. Solid understanding of statistical concepts and techniques relevant to credit risk analytics
    3. Proficiency in programming languages such as Python, R, or SQL for data manipulation, statistical analysis, and developing analytical models

     26.  Deputy Vice President – IT Risk

• • Age: Min. 29 years, Max. 40 years
  • Educational Qualification:
    1. B.E./B.Tech. in Computer Science/Information Technology/Electronics/Electronics & Communication/MCA/MS in Data Science
  • Certifications:
    1. Mandatory: CRISC from ISACA or equivalent qualification in Risk and information systems from reputed institutions
    2. Desired: CISA, CISM, CISSP, or other relevant security certifications
  • Experience:
    1. Minimum 8 years of total experience in a bank, PSU, NBFC, or corporation, with at least 4 years in IT Compliance, Information Security, Internal Audit, or similar role supporting IT compliance
    2. Experience in the management of IT Vulnerability risks
    3. Strong working knowledge of IT processes, risks, and controls in computer operations, system development, change control, and security functions
  • Skills:
    1. Ability to interpret and communicate IT threats, risks, and impacts to all levels of the organization
    2. Support business continuity planning and vulnerability management

IB Specialist Recruitment 2024: Age Relaxation

1. Scheduled Caste/Scheduled Tribe candidates: 5 Years
2. Other Backward Classes (Non-Creamy Layer) candidates: 3 Years
3. Persons with Benchmark Disabilities: 10 Years
4. Ex-servicemen, Commissioned Officers, ECOs, and SSCOs with at least 5 years of military service: 5 Years
5. Persons affected by 1984 riots: 5 Years

IB Specialist Recruitment 2024: Key Responsibilities

• Bring your expertise to the respective domain and contribute to our strategic goals.
• Ensure high standards of professional knowledge and excellence.
• Collaborate with teams to drive innovative banking solutions.
• Maintain up-to-date knowledge of the banking industry and regulatory requirements.

IB Specialist Recruitment 2024: Selection Procedure

Depending on the number of applications received, the Bank will determine the selection mode, which may include:

1. Shortlisting of Applications Followed by Interview
2. Written/Online Test Followed by Interview

Test Structure:

• Professional Knowledge (Respective Domain): 60 questions, 60 marks, 60 minutes.
• English Language: 20 questions, 20 marks, 30 minutes.
• General Awareness (Banking Industry): 20 questions, 20 marks, 15 minutes.

Penalty for Wrong Answers:
A penalty of 1/4th of the mark allotted to the respective question will be applied for wrong answers. There is no penalty for unanswered questions.

Cut-off Score in Test:
Candidates will be shortlisted for the interview based on their test performance, with a ratio of 3 times the vacancy for the unreserved category and 5 times for the reserved category. The bank will decide the final cut-offs.

Interview:
Total marks: 100.

Minimum Qualifying Marks:

• Test and Interview: 40% for unreserved/EWS, 35% for SC/ST/OBC/PWBD. The bank reserves the right to lower these marks if necessary.
• Candidates must qualify both in the test and interview separately to be considered for the final merit list.

Weightage:

• Test and Interview: 80:20.

Merit Order:
In the event of tie scores, the older candidate will be placed higher in the merit order.

IB Specialist Recruitment 2024: Eligibility Criteria

Cut-off Date for Age, Qualification, and Experience: 01/06/2024

IB Specialist Recruitment 2024: Remuneration

Negotiable will not be a limiting factor for suitable candidates.

IB Specialist Recruitment 2024: Contract Terms

• Period of Engagement: initial three-year contract, renewable annually based on satisfactory performance.
• Termination: The contract can be terminated by either party with three months’ notice or payment of three months’ compensation.

IB Specialist Recruitment 2024: Application Fee/Intimation Charges

• SC/ST/PwBD: ₹175 (inclusive of GST).
• Others: ₹1000 (inclusive of GST).

Bank Transaction Charges:
To be carried by the candidate.

IB Specialist Recruitment 2024: How to Apply

Application Period: 29/06/2024 to 14/07/2024.
Mode of Application: Online only.

IB Specialist Recruitment 2024: Application Procedure

1. Registration:
   • Visit our website, www.indianbank.in, and go to the careers page.
   • Click on “Engagement of Specialists on a Contractual Basis – 2024.”
   • Choose “Click here for New Registration,” enter your details, and note down the Provisional Registration Number and Password.
2. Filling out the application:
   • Save and verify your details using the “SAVE AND NEXT” tab.
   • Upload your photograph and signature as per the specifications.
   • Fill in the other required details.
3. Payment of Fees:
   • Make the payment using debit or credit cards or Internet banking.
   • Ensure a successful transaction, and take a printout of the e-receipt and online application form.
4. Final Submission:
   • Preview and verify all details before final submission.
   • Click on the ‘Payment’ tab and proceed with online payment.

IB Specialist Recruitment 2024: Important points to note

• Ensure the scanned copies of your photograph and signature adhere to the required specifications.
• Provide a valid personal email ID and mobile number.
• Keep your email ID active for communication regarding the engagement process.
• Carefully fill out and verify the details in the online application form, as no changes will be allowed after final submission.
• Retain a printout of the system-generated online application for future reference.

IB Specialist Recruitment 2024: General Instructions

• Ensure that you meet the eligibility criteria and follow all instructions carefully.
• Your admission to the test/interview is provisional and subject to verification of eligibility.
• The original documents must be produced at the time of the interview.
• Multiple applications for the same post will lead to disqualification.
• Candidates are responsible for the correctness of the information provided in their applications.

IB Specialist Recruitment 2024: Contact and Support

For any queries or support regarding the application process, visit our official website, refer to the FAQs section, or contact our support team.

Don’t miss this opportunity to grow your career with Indian Bank. Apply now and take the next step towards a rewarding career in the banking sector!

Important Links
01	Official Website
02	Apply
03	Notification
04	Admit Card
05	Result
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