Applications are invited for the post of CHIEF RISK OFFICER (CRO)
On Contract basis Reference No.: C.No.TNSC/1874/2025-HRD
Dated : 21-08-2026
The Tamil Nadu State Apex Cooperative Bank Ltd., a Scheduled Cooperative
Bank, with a business turnover of over Rs.35,000/- crore, operating in Tamil Nadu,
invites applications for the following posts on contract basis, preferably with
knowledge of Tami language.
Chief Risk Officer-1
Opening date for applying 11-09-2026
Last date for submission of Applications 25-09-2026
Date of Interview Will be announced later
Procedure for Applying:
The Application complete in all aspects as per the prescribed format
(Annexure I) along with copies of all the documents, as listed in Annexure II,
should be sent in a closed envelope superscribed as “ Application for the post
of Chief Risk Officer on contract basis” to the following address:
The Deputy General Manager (Admin.)
The Tamil Nadu State Apex Cooperative Bank Ltd.,
No.4, N.S.C Bose Road, Chennai-600 001
Post Chief Risk Officer
No. of Posts 1 (One)
Age Minimum Age – 45 and Maximum Age – 65 (As on 31.07.2026)
The candidate should possess following qualification:
(i) Mandatory educational qualification: Graduate / Post
Graduate Degree in any recognized University, with –
(1) Professional certification in Financial Risk Management
from Global Association of Risk Professionals,
or
(2) Professional Risk Management Certification from PRMIA
Institute;
(ii) Desirable educational qualifications:
(1) Holder of Chartered Financial Analyst charter awarded
by CFA Institute,
or
(2) Designated as Chartered Accountant by the Institute of
Chartered Accountants of India, or equivalent abroad,
or
(3) Designated as a Cost and Management Accountant by
the Institute of Cost Accountants of India, or equivalent
Abroad.
Minimum experience of 15 years with a Bank (India) / Financial
Institution with substantial exposure to Credit Risk, Market Risk,
Operational Risk, Liquidity Risk, Interest Rate Risk, other pillar II
risks and risks emanating at and from overseas operations and
group entities, Exposure to Analytics will be an added advantage.
Mandatory Experience:
Five years’ experience in corporate credit and risk management at
the level of Assistant General Manager or above in one or more
PSBs ‘or’ having similar roles and responsibilities in one or more
Regulated Entity, with minimum experience of one year in
corporate credit and one year in risk management.
Desirable Experience:
Good understanding of market risk and/or liquidity management
and / or operational risk, with exposure to analytics being an
added desirable experience.
Term : On a fixed contractual term of three years, extendable by one
year at a time, subject to a maximum term of five years.
Reporting Officer:
The Managing Director of the Bank
Remuneration Negotiable. Compensation shall not be a limiting factor for the
right candidate.
Leave 20 days of Casual Leave.
No. of Position 1 (One)
Place of Posting
Chennai
Roles and responsibilities
of the Chief Risk Officer
The Chief Risk Officer will head the bank’s risk function and shall
oversee the entire process of Risk Management in the bank,
including at the group level, i.e., covering Domestic Operations,
International Subsidiaries, Domestic Subsidiaries, Overseas
Territories and Branches. He / She will be responsible for review
of the Risk Models, developing policies, procedures and pricing
models, etc. of the Bank.
The Role of Chief Risk Officer will be broadly classified under the
following area of operations:
1) Responsible for Bank-wide effective credit risk management
and its implementation
2) Ensure that there are adequate resources with required skills,
experience and qualification.
3) Review and approval of results of credit risk management /
processes before its reporting to CRMC/RMC and / or board.
4) Ensure that all the reporting is done in a timely and accurate
manner.
5) Ensure coordination between various functions / departments
in the Bank engaged in credit risk management.
6) Ensure adequate training to Bank employees on areas of Credit
Risk Management through workshop, e-learning materials,
induction and other ongoing training programs. [B] Market Risk Management
1) Translate Market Risk Management framework established by
the Board of Directors into specific policies, processes and
procedures that can be implemented and verified within the
different business units.
2) Clearly assign authority, responsibility and reporting
relationships to encourage and maintain accountability and
ensure that the necessary resources are available to manage
market risk effectively.
3) Assess the appropriateness of the management oversight
process in light of the risks inherent in a business unit’s policy.
4) Ensure day-to-day activities are conducted by qualified staff
with the necessary expertise, technical capabilities and access
to resources and that staff responsible for monitoring and
enforcing compliance are independent from the units they
oversee.
5) Ensure that market risk management policy has been clearly
communicated to staff at all levels that deals with market risk.
6) Give particular attention to the quality of documentation
controls and transaction-handling practices. [C] Operational Risk Management
1) Supervise the activities of Operational Risk Management
Department (ORMD) for the continual implementation of
effective operational risk management framework and all its
components.
2) Review and approval of operational risk related policies and
procedures for internal and domestic subsidiaries and overseas
territories / subsidiaries.
3) Review and approve the recommendations of the ORMD before
submission to the Operational Risk Management Committee.
4) Assess inter-relationships between Operational and other risk
types. To facilitate the analysis of risks and inter-relationships
of risks across market, credit and operational risks.
5) Assure that line and executive management maintains an
ongoing understanding of operational risks and participates in
related risk management activities.
6) Ensure that ORMD is appropriately staffed with requisite level
of qualification, experience and skills.
7) To conduct meeting of Product and Process Approval Committee
(SPACE) for approval of new / modification in product, process
and systems and place the agenda before the respective
committee as under for confirmation of the approval by Product
and Process Approval Committee. [D] Liquidity and Interest Rate Risk Management
1) GCRO would oversee the global liquidity position of the entire
group of the parent entity, TNSC Bank.
2) Supervise the activities of ALM Cell for the continual
implementation of the effective liquidity risk management
framework and all of its components.
3) Review and approval of Asset Liability Management Policy.
4) Review and approval of the recommendations of the ALM Cell
before submission to ALCO.
5) Assess inter-relationships between market risk and other risk
types. To facilitate the analysis of risks and inter-relationships
of risks across market, credit and operational risks.
6) Ensure that line and executive management maintain an
ongoing understanding of liquidity and interest rate risks and
participate in related risk management activitie
7) Ensure that ALM Cell is appropriately staffed with requisite level
of qualification, experience and skills.
8) Any other roles & responsibilities that may be designated by
Corporate ALCO.
[E] Management of other Pillar II Risks
1) To assess materiality and significance of other risks like Credit
Concentration risk, Compliance risk, Reputational Risk,
Liquidity Risk, Strategic Risk etc. and inform top management
about methodologies, system or process to contain the risks.
2) Carrying out Internal Capital Adequacy Assessment process of
the Bank and presenting to the Board.
3) Development, implementation, back testing and validation of
various risk models.
4) Formulate stress testing policies and carry out stress test on
regular basis
and from overseas operations and group entities
1) Overseeing risk management activities at overseas branches
and various group entities of TNSC Bank.
2) To monitor Pillar II risk and risk emanating from various group
entities and issuing advisories to group entities for containment
of risk.
[G] Others
1) Shall approve Independent evaluation of Credit proposals
through Credit Risk rating/vetting reports and Key risk factors
along with independent views shall be provided for credit
proposals.
2) To actively participate in executive level Risk Management
Committees and convene Board level RMC.
3) To review and place / forward recommendations of integrated
Risk Management Division to different functional committees
like Credit Risk Management Committee (CRMC), Asset
Liability Management Committee (ALCO), Operational Risk
Management Committee (ORMC), Group Risk Management
Committee (GRMC) or sub-committee of BOARD like Risk
Management Committee (RMC) of BOARD etc.
4) To monitor development of methodologies for adoption of
Advanced Approaches for Credit / Market / Operational Risk.
5) To be part of capital planning process for the Bank which inter-
alia include:
Estimation/projection of Risk Weighted Assets & CRAR
Estimation of capital requirement based on regulatory as
well as targeted Capital ratios.
6) Be part of computation of Base Rate, Marginal Cost of Funds
based Lending Rate (MCLR) and Repo Linked lending rate of the
Bank and for fixation of Risk premium as per risk profile of the
borrower.
7) Issuing guidelines regarding pre-sanction appraisal, loan
dispensation, post-sanction follow up, loaning powers,
exposure limits and other lending related regulations.
8) Define and review Risk Appetite Framework of the bank.
9) Any other roles and responsibilities prescribed by RBI or
approved by Bank’s Board from time to time.
Above roles & responsibilities are illustrative and not exhaustive.
Termination Three Months’ prior notice, on either side.
Selection Procedure:
A preliminary screening of the application will be carried out by the Bank
and the candidates will be shortlisted after based on qualifications and
experience.
The shortlisted candidates will be called for an interview by the Expert
Committee constituted for the purpose.
Shortlisted candidates have to make a presentation on their technical skills
and exposure to Information Security.
Verification of documents and credentials presented by the candidate will
be done.
Upon satisfactory performance, eligibility and experience, the Expert
Committee will recommend to the Bank for appointment. The decision of
the Expert Committee is final and irrevocable.
The selected candidate is expected to assume charge of the post within one
month from the date of receiving appointment order.
Candidates already in employment, have to get relieving order from the
present employer before taking charge as specialist officer in TNSC Bank.
https://www.tnsc.bank.in/jb-content/uploads/2026/09/CRO-NOTIFICATION-09.09.2026.pdf