Bank of Maharashtra SO Recruitment 2025

Bank of Maharashtra has recently released the 2025 recruitment notification for Specialists Officer in Scale II, III, IV, V, VI & VII .

Official Notification

Important Dates

Events	Date
Commencement date of online application	29.01.2025
Last day of the online application	29.01.2025
Date of Online Examination	Will be Informed Separately
Tentative Month of interview	Will be Informed Seperately

Number of Vacancies

Post / s	Minimum Age	Maximum Age (As on 31.12.2024)	Total Vacancies
General Manager –Integrated Risk Management Scale VII	-	55 years	1
Senior Manager – Risk Analytics & Risk Management Scale III	25 Years	38 Years	30
Assistant General Manager – Treasury Scale V	-	45 years	3
Senior Manager – Forex Scale III	25 Years	38 Years	10
Manager – Forex Scale II	22 Years	35 Years	5
Chief Manager – Credit Scale IV	-	40 Years	12
Senior Manager – Credit Scale III	25 Years	38 Years	30
Manager – Credit Scale II	22 Years	35 Years	25
Chief Manager – Chartered Accountant Scale IV	-	40 Years	2
Senior Manager – Chartered Accountant Scale III	25 Years	38 Years	3

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Relaxation in Age Limit

S.No.	Category	Age Relaxation
1	Schedule Caste / Scheduled Tribe	5 years
2	Other Backward Class (eligible for reservation)	3 years
3	Persons with Benchmark Disability as defined under “The Rights of Persons with Disabilities Act, 2016”	10 years
	PwBD (OBC Candidates)	13 Years
	PwBD (SC/ST Candidates)	15 Years
4	Persons affected by 1984 riots	5 Years
5	Ex-servicemen/Commissioned officers including ECOs / SSCOs who have rendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within 12 months from the date of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment, subject to ceiling as per government guidelines.	5 years

Qualification

Posts	Qualifications
General Manager – Integrated Risk Management (Scale VII)	Mandatory Qualification: Graduation Degree with minimum 60% marks in aggregate from Institute / University recognized by Govt. of India or its regulatory bodies, with - Professional certification in Financial Risk Management from Global Association of Risk Professionals OR Professional Risk Management Certification from PRMIA Institute; Desirable Qualification: Holder of Chartered Financial Analyst Charter awarded by CFA Institute, OR Designated as Chartered Accountant by the Institute of Chartered Accountants of India, or equivalent abroad, OR Designated as a Cost and Management Accountant by the Institute of Cost Accountants of India, or equivalent abroad
Senior Manager – Risk Analytics & Risk Management (Scale III)	Bachelor’s Degree with 60% (55% in case of SC/ST/OBC/PwBD) marks in aggregate in all years from Institute / University recognized by Govt. of India or its regulatory bodies with Certificate / Diploma course in risk management conducted by recognized institute. Desirable qualification: Courses in Data Sciences / Data analytics/ Machine Learning/SAS/Python/R
Assistant General Manager – Treasury (Scale V)	Post-Graduation with a specialization in Finance / International Business from Institute / University recognized by Govt. of India or its regulatory bodies or Chartered Accountant or Chartered Financial Analyst (CFA) With Professional certifications in Certified Treasury Professional (CTP) / Certification in Forex Management (CFM) or any equivalent Certification from any recognized institute.
Senior Manager – Forex (Scale III)	Minimum qualification: Graduation with minimum 60% (55% for SC, OBC) marks in aggregate from Institute / University recognized by Govt. of India or its regulatory bodies AND Full time MBA (Minimum 2 Years) / PGDBA / PGDBM/ PGPM/ PGDM with Specialization in Finance / International Business/Trade Finance from a University / Institution/Board recognized by Govt. of India/approved by Govt. Regulatory bodies With Foreign Exchange / Trade finance as one of the subject or Certification in Foreign Exchange / Trade Finance from IIBF.
Manager – Forex (Scale II)	Minimum qualification: Graduation with minimum 60% (55% for OBC) marks in aggregate from Institute / University recognized by Govt. of India or its regulatory bodies and certification in Foreign Exchange / Trade finance from recognized institute Desirable qualification: MBA (or equivalent PG Degree / Diploma) in Finance /International Business / Trade Finance CA / CFA
Chief Manager – Credit (Scale IV)	Minimum qualification: Graduation with minimum 60% (55% for SC/OBC) marks in aggregate in all years and professional qualification of CA/CMA/CFA from recognized institute/board. Or Post Graduate Degree in Banking/ Finance/ credit from Institute / University recognized by Govt. of India or its regulatory bodies
Senior Manager – Credit (Scale III)	Graduation with minimum 60% (55% for SC/ST/OBC/PwBD) marks in aggregate in all years / semesters from a University / Institute recognized by Government of India or its Regulatory bodies. And Mandatory: M. Com/ MBA (Full time) preferably in Banking / Finance / Banking & Finance / Forex / Credit from a University / Institute recognized by Government of India or its Regulatory Bodies / CA / CFA / ICWA/ Financial Risk Manager. Or In case, candidate does not possess any of the professional qualification, he/ she may apply for the post, subject to production of experience certificate of having worked in Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit department at Head Office and Zonal Office level for at least 3 Years in any Scheduled Commercial Bank
Manager – Credit (Scale II)	Graduation with minimum 60% (55% for SC/ST/OBC/PwBD) marks in aggregate in all years from Institute / University recognized by Govt. of India or its regulatory bodies. And Mandatory: M. Com / MBA (Full time) preferably in Banking / Finance / Banking & Finance / Forex / Credit from a University / Institute recognized by Government of India or its Regulatory Bodies / CA / CFA / ICWA/ Financial Risk Manager. Or In case candidate does not possess any of the professional qualification, he/ she may apply for the post, subject to production of experience certificate of having worked in Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments at Head Office and Zonal Office level for at least 2 Years in Scheduled Commercial Banks
Chief Manager – Chartered Accountant (Scale IV)	Essential: Should have passed final exam conducted by ICAI and enrolled as member of the Institute of Chartered Accountants of India. Desirable: Post Graduation in Management with specialization in finance / CWA / DipIFR by ACCA.
Senior Manager – Chartered Accountant (Scale III)	Essential: Should have passed final exam conducted by ICAI and enrolled as member of the Institute of Chartered Accountants of India. Desirable: Post-Graduation in Management with specialization in finance / CWA

Experience

Posts	Experience
General Manager – Integrated Risk Management (Scale VII)	The candidate should have an overall experience of 15 years in Scheduled Commercial Banks, out of which minimum 7 years experience in Corporate Credit and Risk Management in Scheduled Commercial Banks. Desirable Experience: Good understanding of market risk and/or liquidity management and / or operational risk, with exposure to analytics being an added desirable experience.
Senior Manager – Risk Analytics & Risk Management (Scale III)	The candidate should have minimum experience of 5 years out of which 2 years experience should be in Predictive Modelling/ Statistical Analysis/ Data Science in Scheduled Commercial Banks. Experience in the area of Operational / Market Risk / Fraud / IT risk management / Risk analytics and related fields will be preferred.
Assistant General Manager – Treasury (Scale V)	The candidate should have an overall experience of 10 years as an officer out of which 5 years experience in Forex & Treasury in any Scheduled Commercial Bank in front/back office of Domestic Treasury Department with knowledge of all relevant regulatory requirements/ guidelines and internal policies.
Senior Manager – Forex (Scale III)	The candidate should have an overall experience of minimum 5 years of work experience in Forex, Trade Finance with any Scheduled Commercial Bank / Financial Institutions.
Manager – Forex (Scale II)	The candidate should have minimum work experience 3 years in Forex / Trade Finance in any Scheduled Commercial Bank.
Chief Manager – Credit (Scale IV)	The candidate should have an overall experience of minimum 8 years’ experience in processing of Credit Commercial/ Project Finance/ Mid & Large Credit in Scheduled Commercial Bank. OR Professional qualification of CA/ CMA/ CFA with 5 years’ experience in processing of Credit Commercial/ Project Finance/ Mid & Large Credit in any Scheduled Commercial Bank.
Senior Manager – Credit (Scale III)	The candidate should have an overall experience of minimum 5 years’ post-qualification experience as an officer processing of MSME / Mid & Large Corporate proposals in Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments at Head Office and Zonal Office in any Scheduled Commercial Bank.
Manager – Credit (Scale II)	The candidate should have an overall experience of minimum 3 years’ post-qualification experience in processing of MSME / Mid & Large Corporate proposals in Controlling Offices i.e. ZOs / ROs / Commercial / Corporate Credit Departments at Head Office and Zonal Office in any Scheduled Commercial Bank.
Chief Manager – Chartered Accountant (Scale IV)	Minimum 8 Years of post-qualification experience (on continuous basis) in handling as well as supervising taxation matters / finalization of Balance Sheet / Ind-AS reporting etc. at Head Office level of any Scheduled Commercial Bank.
Senior Manager – Chartered Accountant (Scale III)	The candidate should have an overall experience of minimum 5 Years of post-qualification experience (on continuous basis) in handling taxation matters / finalization of Balance Sheet and related matters / Ind-AS reporting etc. Preference will be given for work experience in Scheduled Commercial Banks.

Probation Period & Bond

The selected candidates will be on probation for the under-mentioned period from the date of joining the Bank. There is mandatory provision of executing a service bond by selected candidates.

Scale	Probation Period	Bond
Scale	Probation Period	Amount Rs	Minimum Service Period
Scale VII	6 Months	02.00 Lakh	2 Years
Scale V	6 Months	02.00 Lakh	2 Years
Scale IV	6 Months	02.00 Lakh	2 Years
Scale III	6 Months	02.00 Lakh	2 Years
Scale II	6 Months	02.00 Lakh	2 Years

Selection Procedure

Selection will be through examination (if required) and personal interview / discussion. A preliminary screening of applications may be carried out by the Bank to shortlist eligible candidates with reference to candidate’s qualifications, suitability / experience etc.
Final Selection will be on the basis of marks secured by the candidate in personal interview / discussion. The allocation of marks for personal Interview is 100. The candidate should score minimum 50 marks (45 in case of SC/ST/PwBD) to qualify in the interview. In case more than one candidate scores the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit. Bank may change the mode of selection depending upon the number of applications received.