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IPPB invites Applications for Recruitment of Scale VII Officers

Updated On -

May 9, 2017

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Simran Nigam

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India Post Payment Bank, IPPB invites eligible candidates for the post of Scale VII Officers. Permitted by Reserve Bank Of India, Indian Post is now setting up Indian Post Payment Bank Limited that will select the candidates through a selection Process specified in the published advertisement.

The Application for the desired post as per the vacancy is to be submitted at the Indian Post Official Website with the provided window of Sep 28, 2016 to Oct 19, 2016.  The Mode of IPPB Registration available is online only and no IPPB Applications will be accepted after the last date.

 IPPB Recruitment 2016 for CEO & MD, Last Date for Registration October 14, 2016  Apply Now

IPPB Recruitment Dates

Following mentions the important dates for the IPPB of Scale VII Officers. The candidates are advised to apply for the respective vacancy and perform other important mandatory requisites within the provided window.

Payment of Application Fee: 28.09.2016 to 19.10.2016

Opening date of Online Registration: 28.09.2016

Closing date of Online Registration: 19.10.2016

 IPPB Recruitment 2016 for Scale I Officers, Last Date for Registration October 25, 2016  Apply Now

IPPB Scale VII Officers Vacancy

Function Post Grade Scale Total Vacancies
Operations CGM (Operations)/ Chief Operations Officer TEGS –
VII*
VII 1
Risk and Compliance GM (Risk & Compliance/ Chief Risk and
Compliance Officer)
TEGS – VII VII 1
Finance GM (Finance) TEGS – VII VII 1
HR and Administration GM (HR and
Administration)
TEGS – VII VII 1
Product CGM (Sales and
Marketing)
TEGS –
VII*
VII 1
 IPPB Recruitment 2016 for Scale II-III Officers, Last Date for Registration 1st November, 2016  Apply Now

IPPB Job Specifications

Operations

Post: CGM(Operations)/Chief Operations Officer

Grade: TEGS- VII

Scale: VII

Age Limit: 35 years to 55 years.

Note: The candidate should be born not before 02.09.1961 and not later than 01.09.1981 (both dates inclusive).

Minimum Educational Qualification: Graduate from University/ Institution/ Board recognized by the Government of India (or) approved by a Government Regulatory Body.

Note:

1. MBA from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body, is preferred.

2. CAIIB Certification is preferred.

Post Qualification Work Experience: Minimum 15 years of experience in banking or Financial Services industry is mandatory.

(of which)

Minimum 3 years as head of operations or one level below head of operations of a bank operating in a technology environment, is mandatory.

(And)

The candidate should at least be working in Scale VI of a PSB or equivalent scale in a Private Bank or similar level in any other organization.

Note: 1. Experience working on managing operations of a large scale National/ Government initiative (preferably

 IPPB Recruitment for scale VII officers

Risk & Compliance

Post: GM (Risk & Compliance)/ Chief Risk & Compliance Officer

Grade: TEGS- VII

Scale: VII

Age Limit:

38 years to 55 years.

Note:

The candidate should be born not before 02.09.1961 and not later than 01.09.1978 (both dates inclusive).

Minimum Educational Qualification: Chartered Accountant from ICAI is mandatory.

(Or)

Graduate (With Specialization in Law) from University/ Institution/ Board recognized by the Government of India (or) approved by a Government Regulatory Body is mandatory.

Note: Certification in Financial Risk Management from GARP is desirable.

Post Qualification Experience: Minimum 18 years of experience is mandatory.

(of which)

Minimum 9 years of experience in risk and compliance function in Banks or Financial Services is mandatory.

(And)

The candidate should at least be working in Scale VI of a PSB or equivalent scale in a Private Bank or similar level in any other organization.

 IPPB Recruitment 2016 for Scale IV-VI Officers, Last Date for Registration October 25, 2016  Apply Now

Finance

Post: GM(Finance)/ Chief Finance Officer

Grade: TEGS VII

Scale: VII

Age Limit: 38 years to 55 years.

Note:

The candidate should be born not before 02.09.1961 and not later than 01.09.1978 (both dates inclusive).

Minimum Educational Qualification: Chartered Accountant from ICAI or equivalent.

Note:

1. CAIIB Certification is preferred.

2. MBA (Finance) from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body, is preferred

3. CFA Certification from the CFA Institute is preferred.

Post Qualification Work Experience: Minimum 18 years of experience is mandatory.

(of which)

Minimum 3 years of experience heading a finance and accounting department of a bank or one level below the head of a finance and accounting department in a Bank is mandatory.

(And)

The candidate should at least be working in Scale VI of a PSB or equivalent scale in a Private Bank or similar level in any other organization.

HR & Administration

Post: GM (HR & Administration)

Grade: TEGS VII

Scale: VII

Age Limit: 38 years to 55 years.

Note: The candidate should be born not before 02.09.1961 and not later than 01.09.1978 (both dates inclusive).

Minimum Educational Qualification: Graduate from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body.

Note:

  1. MBA/ Post graduation (With Specialization in HR) from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body is preferred.

Post Qualification Experience: Minimum 18 years of experience is mandatory. (of which) Minimum 3 years of experience in heading the HR function in banking or financial services or insurance industry or one level below the head of HR function in banking or financial services or insurance industry is mandatory.

(And)

The candidate should at least be working in Scale VI of a PSB or equivalent scale in a Private Bank or similar level in any other organization.

Product

Post: CGM (Sales & Marketing)

Grade: TEGS VII

Scale: VII

Age Limit: 38 years to 55 years.

Note: The candidate should be born not before 02.09.1961 and not later than 01.09.1978 (both dates inclusive).

Minimum Educational Qualification: Graduate from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body.

Note:

  1. MBA from University/ Institution/ Board recognized by the Government of India/ International University of repute (or) approved by a Government Regulatory Body is preferred.

Post Qualification work experience: Minimum 18 years of experience in Sales, Marketing and Product Management is mandatory.

(of which)

Minimum 5 years of experience leading sales/ marketing/ product management or one level below the head of department in the Banking or Financial Services or Insurance Industry is mandatory.

(And)

The candidate should at least be working in Scale VI of a PSB or equivalent scale in a Private Bank or similar level in any other organization.

Note: Experience in Rural Banking/ Financial Inclusion is preferred.

 IPPB Recruitment 2016 for CTO, Last Date for Registration October 19, 2016  Apply Now

Age Criteria & Relaxation

The Candidates must fulfill the Age Criteria mentioned above as per the post applying for. The Age Criteria is to be fulfilled Sep 01, 2016. The Criteria mentioned above is for the general category. IPPB provides relaxation to the candidates from reserved categories. The table below mentions the relaxation provided to candidates from reserved categories

Category Age Relaxation
Person With Disability 10 years
Ex-servicemen 3 years plus period of service in armed forces subject to maximum
age limit as per Govt. guidelines
Persons ordinarily domiciled in the
State of Jammu & Kashmir during the period 1-1-80 to 31-12-89
5 years
Persons affected by 1984 riots 5 years
 IPPB Recruitment 2016 for PSB  Corporate Roles, Last Date for Registration October 19, 2016  Apply Now

Payments & Emoluments

IPPB offers lucrative salary packages and attractive growth prospective to the candidates. Have a look at the starting Payscale and approximate CTC to the company.

Scale Pay Scale Approximate Total Monthly CTC
TEGS – VII* 76,520 - 85,000 235,000
TEGS – VII 76,520 - 85,000 235,000

*The article might have information for the previous academic years, please refer the official website of the exam.

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