Overview
The South Indian Bank Ltd. (SIB) has issued a recruitment notification for the position of Head – Risk Control Unit. This is a significant opportunity for experienced banking professionals seeking a leadership role in risk management. The bank aims to onboard a skilled individual for a single vacancy, offering a contractual appointment for three years. Interested candidates who meet the stringent eligibility criteria are encouraged to apply online within the specified dates.
Important Dates
| Event | Date |
|---|---|
| Online Application Commencement | October 3, 2026 |
| Online Application Deadline | October 12, 2026 |
Vacancy Details
South Indian Bank is inviting applications for one (1) vacancy for the post of Head – Risk Control Unit. The appointment will be on a contractual basis for a period of three years, categorized under Scale IV/V. The primary posting location is Kakkanad, Kochi, though the incumbent may be subject to transfer anywhere in India at the bank's discretion. The role encompasses critical responsibilities in safeguarding the bank against various risks.
Eligibility Criteria
Applicants must be Indian nationals and fulfill the following conditions as of September 30, 2026:
- Age Limit: Candidates should not be more than 45 years of age. A relaxation of 5 years in the upper age limit is provided for Scheduled Caste (SC) and Scheduled Tribe (ST) candidates.
- Educational Qualification: A minimum of a Graduation degree or any higher qualification from a recognized university is required.
- Work Experience: A minimum of 5 years of relevant professional experience in the banking sector or with Non-Banking Financial Companies (NBFCs) is mandatory.
Meeting these eligibility requirements is crucial, as mere application does not guarantee an invitation to the selection process.
Key Responsibilities
The Head – Risk Control Unit will be responsible for a comprehensive range of risk management activities, including:
- Conducting pre-disbursement risk assessments to identify potential credit, fraud, and operational risks in loan applications.
- Ensuring thorough document verification, including KYC, income proofs, and collateral documents, to detect forged or inconsistent records.
- Performing fraud risk analysis, identifying early warning signals, suspicious activities, and emerging fraud trends.
- Reviewing field investigations and customer point verification (CPV) reports.
- Monitoring vendor and Direct Selling Agent (DSA) sourcing quality for deviations or policy breaches.
- Ensuring strict adherence to internal credit policies and regulatory guidelines from RBI, AML, and KYC.
- Handling exceptions and escalating critical risks to senior management as required.
- Conducting post-disbursement reviews and monitoring portfolio quality.
Selection Process
The selection methodology for the Head – Risk Control Unit position will involve two stages:
- Shortlisting: Eligible candidates will be shortlisted based on their applications and submitted credentials.
- Personal Interview: Shortlisted candidates will undergo a personal interview to assess their suitability for the role.
The bank reserves the right to modify the selection process if deemed necessary.
Compensation
The successful candidate will be appointed under Scale IV/V on a contractual basis. The Cost to Company (CTC) package will be mutually agreed upon, taking into consideration the candidate's current compensation, relevant experience, and overall potential for the role.
How to Apply
Prospective candidates must apply online through the official website of The South Indian Bank Ltd. The application window opens on October 3, 2026, and closes on October 12, 2026. Applicants are strongly advised to refer to the official notification PDF for detailed instructions, ensure they meet all eligibility criteria, and complete their application well before the closing date to avoid potential last-minute technical issues.