Securities and Exchange Board of India (SEBI), is
a statutory regulatory body established by an Act
of Parliament, to protect the interests of investors
in securities, to promote the development of and to
regulate the securities market. SEBI invites
applications from Indian citizens for the post of
Chief economist on contract basis SEBI reserves
the right to fill up the post or not to fill up the
post at all
No. of Posts: 01 (One)
The Chief Economist shall broadly have the
following role
1. Lead a highly talented and motivated group of
professionals
2. Support senior management with economic
and policy research inputs
3. Carry out and promote research and analysis
of economic environment in general, and
securities market in particular, and
4. Publication of various reports and studies
5. Any other function assigned by the Board
Educational Qualification and Experience as on
31/07/11:
1. A first class post-graduation degree in
Economic or Finance from a reputed
university. Preference will be given to those
holding a Ph.D. in these disciplines.
2. Relevant experience of at least 20 years,
including 5 years in a similar position in a
leading organization in financial sector.
3. Reasonable number of publications in journals
of repute.
4. Good understanding of policy research in
financial sector
5. Strong communication skills and Leadership
competencies.
Age Limit (as on 31/07/2011): Not less than 40
years and not more than 55 years.
Remuneration: Scale of Pay: As admissible to an
Executive Director, SEBI.
The present SEBI scale of pay for Executive
Director is ` 75100 – 2000 (2) – 79100.
The monthly gross emoluments at the beginning of
the scale work out to ` 129532 (with Board
provided accommodation); or ` 179532/- (without
accommodation).
Benefits in addition to monthly emoluments include
Office Car (petrol & maintenance), Entertainment
Allowance, Medical Allowance, LFC, Telephone
and Mobile, Medical Insurance, Personal Accident
Insurance, Staff Furnishing Scheme, Residential
Office Allowance etc.
Term of appointment:
The appointment for the post will be purely on
contractual basis for a period of three years. The
contract can be terminated by either side by giving
3 months notice.
A) GENERAL INSTRUCTIONS:
1. Applications which are incomplete, or received
after the prescribed date will not be
considered.
2. Mode of Selection will be shortlisting and
Interview. The Board reserves the right to
modify the selection procedure, if deemed fit.
Outstation candidates called for Interview will
be reimbursed ’Y’ Class Air fare for the to and
fro journey, subject to submission of
necessary documentary evidence.
3. Candidates should satisfy themselves about
their eligibility for the post applied for. The
Board shall determine their eligibility only at
the final stage, i.e. while calling them for
interview.
4. The Board reserves the right to relax any of
the requirements for the candidates in
deserving cases.
5. The Candidate appointed on contract basis will
not be entitled for permanent employment with
SEBI.
6. Candidates applying for the post of Chief
Economist (On Contract) who are already in
service of Govt./Quasi-Govt. Organisations
and Public Sector Banks /Undertakings will
have to produce a "No Objection Certificate'
from their employer, at the time of Interview as
well as letter from employer enclosing the last
three years Annual Confidential Reports
(ACR’s) or equivalent. Before appointment in
SEBI, a proper discharge certificate from the
employer will have to be produced. If the
application is required to be routed through the
employer and in the process it reaches the
address as given at point 14 after the due
date, it will not be considered even though
submitted to the employer before the due date.
In such cases, application marked 'Advance
Copy' should be sent to the address as given
at point 14 and the regular copy should be
routed through the employer.
7. The Board reserves the right to raise the
minimum standards in respect of experience/
qualification in order to restrict the number of
candidates to be called for the Interview.
Thus, merely fulfilling the eligibility conditions
laid down in the advertisement as regards
qualifications, would not automatically entitle
any candidate to be called for the Interview.
8. The Board reserves the right to cancel the
Advertisement fully or partly on any grounds.
9. Canvassing in any form will disqualify the
candidate.
10. If the candidates are not eligible or have
knowingly or willfully furnished incorrect or
false particulars or suppressed material
information, their candidature will be liable to
be cancelled at any stage of the selection. If
the candidate qualifies in the selection process
and subsequently it is found that he/she does
not fulfill the eligibility criteria, his/her
candidature will be cancelled and if appointed,
the contract would be terminated without any
notice or compensation.
11. Applications received after due date will not be
entertained. The Board takes no responsibility
for any delay in receipt of application or loss
thereof in postal transit.
12. The decision of Board in all matters would be
final and binding, and no correspondence in
this regard would be entertained.
B) HOW TO APPLY:
13. Candidates who satisfy the eligibility norms
may apply giving their bio data strictly in the
format given below.
14. Applications should be sent by ordinary post
in a cover superscribing the post applied for
‘SEBI – Application for the post of CHIEF
ECONOMIST’ to the following address:
Deputy General Manager (HRD)
Securities and Exchange Board of India
Plot No.C4-A, “G” Block
Bandra-Kurla Complex
Bandra (East),
Mumbai 400 051
so as to reach latest by October 15, 2011.
15. Alternatively, applications in the prescribed
format can also be sent through e-mail at
recruitment@sebi.gov.in latest by October 15,
2011.
16. Applications received after this date are liable
to be rejected.
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