Overview
Punjab & Sind Bank invites applications from experienced and qualified professionals for the critical role of Chief Compliance Officer (CCO). This is a single vacancy on a contractual basis, designed to strengthen the bank's compliance framework and risk management functions. The engagement is for a minimum contractual tenure of three years, with potential for extension based on the bank's discretion and satisfactory performance. This position offers a unique opportunity to contribute significantly to the bank's regulatory adherence and governance at a senior level.
Important Dates
| Event | Date |
|---|---|
| Online Application Start Date | October 15, 2026 |
| Online Application End Date | October 30, 2026 |
Vacancy Details
The recruitment drive is for the position of Chief Compliance Officer (CCO) with a total of 1 (One) vacancy. This is a highly specialized role crucial for ensuring the bank's adherence to regulatory guidelines and internal policies.
Eligibility Criteria
Prospective candidates must meet stringent eligibility requirements concerning nationality, educational qualifications, professional experience, and age.
Nationality
- Applicants must be a Citizen of India.
- Alternatively, a subject of Nepal or Bhutan, a Tibetan Refugee who arrived in India before January 1, 1962, or a Person of Indian Origin who has migrated from specified countries with an eligibility certificate issued by the Government of India.
Educational Qualification
- A Graduate or equivalent degree from a recognized Government University.
- Mandatory: Must possess a CAIIB (Certified Associate of Indian Institute of Bankers) qualification.
- Desirable Qualifications: Additional qualifications such as Ph.D., MBA, LLM, CA, CMA, CS, CFA, or a Diploma/Degree in Compliance and Ethics or its equivalent. Preference will be given to candidates holding these additional qualifications.
Experience
- A minimum of 15 years of experience in the banking or financial services sector is required.
- Out of the total experience, at least five years must have been in key functions such as Audit, Finance, Compliance, Legal, or Risk Management. Risk management experience includes control functions within business lines; regional/zonal/business heads with requisite responsibility in control functions for five years or more are also eligible.
Age Limit
- Candidates should be a minimum of 40 years of age and less than 55 years of age as of October 1, 2026. This includes any applicable age relaxations.
Compensation and Contractual Terms
The compensation and other terms & conditions for the Chief Compliance Officer role are negotiable and will be finalized based on the candidate's suitability and extensive experience. The engagement is purely contractual for a minimum of three years, extendable at the Bank's discretion. It is important to note that this is a contractual position and does not confer any right to claim regular employment, nor does it include provisions for PF, Gratuity, or Pension. Other allowances, payments, or benefits beyond those specified in the terms will not be applicable. Working hours, weekly offs, and holidays will align with those applicable to serving employees. The selected officer is entitled to 30 days of paid leave per calendar year, with a maximum of 5 days at a time; extended absences exceeding 30 days in a contract year will result in proportionate deductions from the consolidated payment.
Selection Process
The selection process for the Chief Compliance Officer position will involve the following stages:
- Preliminary Scrutiny: Initial review of all submitted applications to ensure they meet the basic eligibility criteria.
- Shortlisting: Eligible candidates will be shortlisted based on their qualifications and experience for the next stage.
- Personal Interaction/Interview: Shortlisted candidates will undergo a personal interaction or interview with the Selection Committee to assess their suitability for the role.
How to Apply
Eligible and interested candidates must apply online through the official website of Punjab & Sind Bank. The steps for application are as follows:
- Visit the Bank's official website: https://punjabandsind.bank.in/.
- Navigate to the 'Recruitment' link available on the Home Page.
- Ensure you have scanned copies of necessary documents in the specified formats, including your photograph, signature, thumb impression, a hand-written declaration, educational certificates, experience certificates, and proof of date of birth.
- Carefully fill out the online application form with accurate details that match your certificates and identity proof.
- Proceed to pay the non-refundable application fee as specified by the bank (amount details were not fully provided in the source content).