AI/ML Officer — Risk Analytics (Specialist Cadre)

About this AI/ML Officer role at Indian Bank

Indian Bank, a government-owned public sector bank, is hiring AI/ML Officers for its Risk Analytics team in Chennai on a 3-year contract basis. This is a direct-application opportunity in the rapidly growing field of AI for banking — no competitive exam required. As a mid-level ML engineer, you'll work on real-world credit risk and fraud detection problems that impact millions of customers across India.

What you'll do

• Build and refine machine learning models for credit risk assessment and loan default prediction
• Develop fraud detection systems using Python and SQL to identify suspicious transactions and patterns
• Work with large banking datasets to engineer features and validate model performance
• Collaborate with risk management teams to translate business rules into ML pipelines
• Conduct technical evaluations during the interview process (the role includes a technical test component)

Who should apply

You need a B.Tech degree and at least 3 years of professional experience in risk modeling, fraud detection, or related ML engineering roles. This is a mid-level position — ideal if you've moved beyond junior projects and have hands-on experience shipping models to production. You should be comfortable with Python, SQL, and foundational machine learning concepts, plus specific knowledge of credit risk frameworks.

Salary & offer in context

Indian Bank offers ₹90,000–₹1,30,000 per month for this specialist role. This aligns well with mid-level ML engineer salaries in India's banking sector; AI engineer and ML engineer salaries in India typically range ₹75K–₹1.5L monthly depending on experience and domain expertise. The fixed salary, government-sector stability, and 3-year contract provide strong job security.

Path to apply

This is a direct-application role — no IBPS exam or lengthy bureaucratic screening required. Head to the Indian Bank careers portal, fill out the online application, and you'll be invited to an interview round plus a technical assessment. The application deadline is June 1, 2026, so act soon if you're interested in joining India's banking AI revolution.