Chief Financial Officer (CFO)

📋 Job Description

Recruitment for the position of Chief Financial Officer (CFO) in a leading Public Sector Bank with nationwide and international presence.
Key responsibilities include financial reporting, tax compliance, accounting systems, management reporting, and strategic financial planning.
Role involves overseeing statutory audits, ensuring RBI and SEBI compliance, and managing financial risks and projections.
Position requires coordination with regulatory bodies like RBI and NFRA, and handling international banking compliance.
Opportunity to lead financial strategy, capital planning, and stakeholder management for a prestigious government-owned bank.

✅ Eligibility Criteria

Must be a citizen of India or meet specific eligibility criteria for foreign nationals as per Government of India guidelines.
Maximum age limit: 55 years as of 01.07.2026 (inclusive of applicable age relaxations).
Qualification: Qualified Chartered Accountant (CA) with minimum 15 years of experience in financial operations.
Minimum 10 years of experience in Banks/Financial Institutions, including 5 years at Senior Management level.
Preferred qualifications: FRM Certification and/or CFA.
Experience must include oversight of accounting, taxation, financial reporting, and regulatory compliance in large organizations.

🏆 Selection Process

Selection will be based on a personal interview/discussion conducted by the bank.
Preliminary screening of applications will shortlist candidates based on qualifications, experience, and suitability.
Personal interview will carry 100 marks, with a minimum qualifying score of 50 marks (45 for OBC/SC/ST/PwBD candidates).
In case of tie in marks, candidates will be ranked by age in descending order.
Bank reserves the right to change the selection mode based on the number of applications received.
Final selection is subject to medical fitness, character verification, and satisfactory document submission.
Selected candidates must execute a bond of ₹3 lakhs for a 3-year service period.

📊 Key Information

Organization	Indian Overseas Bank
Location / State	All India
Job Location	Central Office, Chennai, Tamil Nadu
Category Eligibility	Open to all categories (General, OBC, SC, ST, EWS, PwBD) as per Government of India guidelines. Reservation applicable as per extant norms.
Experience Required	Minimum 15 years in financial operations, including 10 years in Banks/Financial Institutions with 5 years at Senior Management level.
Application Start	22 July 2026
Last Date to Apply	05 August 2026

📊 IOB Recruitment - Vacancy Details

Post Name	Total Posts
General Manager – Chief Financial Officer	1
Total	1

📁 Required Documents

Printout of the valid personal interview call letter.
System-generated printout of the online application form.
Proof of date of birth (Birth Certificate or SSLC/Std. X Certificate with DOB).
Chartered Accountant certificate and preferred qualifications (FRM/CFA) certificates.
Photo identity proof (Passport/Aadhaar Card/PAN Card/Driving Licence/Voter's Card).
Educational qualification certificates (UG/PG) and mark sheets.
Work experience certificates from past and current employers, including appointment and relieving letters.
Caste certificate (if applicable) issued by competent authority in prescribed format.
Income and Asset Certificate for EWS category candidates.
Disability certificate for PwBD candidates issued by District Medical Board.
No Objection Certificate (NOC) from current employer for government/PSU employees.
Any other relevant documents supporting eligibility and experience.

🎓 Required Qualifications

📊 Vacancy Details

Total vacancies: 1 for the post of General Manager – Chief Financial Officer.
Reservation categories: SC (0), ST (0), OBC (0), EWS (0), UR (1), PwBD (0).
No specific reservation breakdown provided as the vacancy is for UR category only.

❓ Frequently Asked Questions

Q. What are the key responsibilities of the Chief Financial Officer (CFO) at Indian Overseas Bank?

A. The CFO is responsible for financial reporting (including statutory auditing and compliance with SEBI and RBI regulations), tax optimization, maintaining accounting systems as per RBI guidelines, managing international banking activities, strategic financial planning, capital management, and ensuring accurate financial data for board decision-making.

Q. What are the eligibility criteria for applying for the Chief Financial Officer position?

A. Candidates must be a qualified Chartered Accountant with a minimum of 15 years of experience in financial operations, preferably in banks or large corporates. At least 10 years of this experience should be in banks or financial institutions, with 5 years at a senior management level. The maximum age limit is 55 years as of July 1, 2026.

Q. What is the selection process for the Chief Financial Officer role?

A. The selection process involves a personal interview or discussion. Candidates will be shortlisted based on qualifications, suitability, and experience. The final selection is based on marks obtained in the interview, with a minimum score of 50 (45 for reserved categories). The interview carries 100 marks.

Q. What is the bond requirement for the selected Chief Financial Officer?

A. The selected candidate must execute a bond of Rs. 3 lakhs to serve the bank for a stipulated period of 3 years. The bond will be invoked if the candidate resigns before completing the bond period.

Q. What is the remuneration package for the Chief Financial Officer position?

A. The pay scale for the position is Rs. 156,500 - 4,340/4 - 173,860. The approximate CTC is Rs. 44 lakhs per annum. The officer is also eligible for Dearness Allowance (D.A.), House Rent Allowance (HRA) or lease rental, City Compensatory Allowance (CCA), medical allowances, and other perquisites as per bank rules.