Indian Bank has announced a recruitment drive for the position of Consultant in its Compliance Department on a contractual basis. This opportunity is ideal for seasoned professionals with extensive experience in banking and compliance. The application process is offline, and interested candidates must submit their applications by May 31, 2025. This article provides a comprehensive overview of the recruitment details, eligibility criteria, application process, and more.
Key Highlights
| Key Information | Details |
|---|---|
| Organization Name | Indian Bank |
| Post Name | Consultant (Compliance Department) |
| Number of Vacancies | 01 |
| Job Location | Chennai or as decided by the Bank |
| Application Mode | Offline |
| Application Deadline | May 31, 2025 |
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| Official Website | indianbank.in |
Eligibility Criteria
To be considered for the Consultant position, candidates must meet the following criteria:
Educational Qualifications
- Bachelor’s degree in any discipline from a recognized university (mandatory).
- Postgraduate or professional certification in Finance, Legal, Risk Management (desirable).
Age Limit
- Maximum age: 65 years as of May 1, 2025.
Experience
- Minimum 15 years in banking or financial services.
- At least 5 years in Audit, Finance, Legal, Compliance, or Risk Management.
- Held a position equivalent to General Manager or higher in previous roles.
Additional Requirements
- No pending vigilance cases or adverse observations from regulatory bodies.
- Strong understanding of legal frameworks, regulations, and risk management practices.
Application Process
Interested candidates must follow the offline application process
- Download the application format from the official website: indianbank.in.
- Fill in the application form with accurate details.
- Attach the following documents:
- Proof of Date of Birth
- Educational and professional qualification certificates
- Experience certificates
- Photo ID and address proof
- Superscribe the envelope with:
- “Application for the post of Consultant for Compliance Department on Contractual Basis – 2025”
- Send the application via Registered/Speed Post/Courier to:
- Chief General Manager (CDO & CLO)
- Indian Bank, Corporate Office
- HRM Department, Recruitment Section
- 254-260, Avvai Shanmugam Salai, Royapettah
- Chennai – 600014, Tamil Nadu
- An advance scanned copy of the signed application can be emailed to:
Application Fee
| Category | Fee (Inclusive of GST) |
|---|---|
| SC/ST/PwBD Candidates | ₹100 |
| All Other Candidates | ₹1,000 |
Payment Details:
- Account Name: Engagement of Consultant for Compliance Department
- Account No.: 6942794077
- Bank & Branch: Indian Bank, Royapettah
- Account Type: Current Account
- IFSC Code: IDIB000R021
Note: Payment must be made via NEFT/RTGS/Internet Banking. The reference/UTR number must be mentioned in the application form.
Selection Process
The selection process involves:
- Screening of Applications:
- A Screening Committee will scrutinize all applications.
- Interview:
- Shortlisted candidates will be interviewed by the Selection Committee.
- Additional Rounds (if necessary):
- In case of a high number of applicants, the bank may include Written Test, Group Discussion, or Preliminary Interview.
Role and Responsibilities
The Consultant will support the Chief Compliance Officer (CCO) and will be responsible for:
- Advising on compliance-related matters and regulatory changes.
- Monitoring and reporting compliance breaches.
- Preparing internal compliance policies and training programs.
- Ensuring effective implementation of statutory advisories.
- Conducting compliance testing and audits.
- Ensuring timely filing of regulatory returns.
- Strengthening compliance culture throughout the organization.
Important Dates
| Event | Date |
|---|---|
| Notification Release | May 21, 2025 |
| Last Date to Apply | May 31, 2025 |
| Interview Date | To be notified |
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FAQs
Q1. What is the last date to apply for Indian Bank Recruitment 2025?
A: May 31, 2025.
Q2. What is the age limit for the Consultant post?
A: The maximum age is 65 years as of May 1, 2025.
Q3. What is the application fee?
A: ₹100 for SC/ST/PwBD and ₹1,000 for all other candidates.
Q4. What is the selection process?
A: Scrutiny of applications followed by an interview. Additional rounds may be added if applications are high in number.
Q5. Is this a permanent job?
A: No, the position is contractual for an initial period of 2 years, renewable based on performance.
Q6. Where will the Consultant be posted?
A: The posting will be at Chennai or as decided by the Bank.
Conclusion
The Consultant position in Indian Bank’s Compliance Department offers a unique opportunity for experienced professionals to contribute to the bank’s regulatory framework. With a competitive remuneration package and the chance to work closely with the Chief Compliance Officer, this role is both challenging and rewarding. Ensure you meet all eligibility criteria and submit your application before the deadline.
