Reserve Bank of India (RBI) has released the notification for the recruitment of Consultant/Subject Specialist/Analyst on Contract Basis. Eligible candidates can apply before 11-07-2023.
RBI Recruitment 2023: Details
| Post Name | Vacancies | Qualification and Experience |
| Data Scientist | 03 | (i) Masters in Statistics/ Econometrics / Mathematics / Mathematical Statistics / Data Sciences / Finance / Economics. (Or) BE/B.Tech in Computer Science Engineering from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University / Institute. (ii) Minimum 4 years of experience of working as a Data scientist, preferably at a financial institution. |
| Data Engineer | 01 | (i) BE / B Tech in Computer Science / IT / Electricals and Electronics or equivalent OR MCA from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University / Institute. (ii) Minimum 4 years of experience of working as a Data engineer |
| IT Security Expert | 10 | (i) BE / B.Tech / M Tech in Computer Science/IT/Electricals and Electronics or equivalent OR MCA. (ii) Minimum 5 years’ experience in IT sector in handling security infrastructure in commercial banks / large financial companies/ financial service organisations or any other reputed companies |
| IT System Administrator | 08 | (i) BE / B.Tech / M Tech in Computer Science / IT / Electricals and Electronics or equivalent OR MCA. (ii) Minimum 5 years’ experience in IT sector in handling large network and adequate knowledge of routing and switching protocol in commercial banks / large financial companies/ financial service organisations or any other reputed companies |
| IT Project Administrator | 06 | (i) BE / B.Tech / M Tech in Computer Science / IT / Electricals and Electronics or equivalent OR MCA. (ii) Minimum 5 years’ experience in Computer engineering, coding, interface establishment, script application, storage management, multiple operating systems, Relational Database Management (RDBMS) systems, Project management through all phases of project life cycle, Knowledge of FISMA (The Federal Information Security Management Act) and respective security controls in commercial banks / large financial companies/ financial service organisations |
| Network Administrator | 03 | (i) BE / B.Tech / M Tech in Computer Science / IT / Electricals and Electronics or equivalent OR MCA. (ii) Minimum 5 years’ experience in the areas of implementation, configuration, operations, and maintenance of Mainframe (z/OS)/ Virtualisation Management software/ Oracle/DB2 in commercial banks / large financial companies/ financial service organisations |
| Economist | 01 | (i) Ph.D. in Economics with an application of Dynamic Stochastic General Equilibrium (DSGE modelling). (ii) 3 years of research experience in Dynamic Stochastic General Equilibrium (DSGE) modelling. |
| Data Analyst (Applied Mathematics) | 01 | M.Sc. in Mathematics/ Applied Mathematics |
| Data Analyst (Applied Econometrics) | 02 | (i) M.A./M.Sc or Ph.D in Applied Econometrics/ Statistics/ Economics. (ii) 5-years of work experience in application of Econometrics / Applied Statistics or Economics/ Financial Analysis for candidates with M.A./M.Sc. degree, or 3- years of working experience in the desired area for candidates with Ph.D. degree. |
| Data Analyst (TABM/HANK Models) | 02 | (i) Ph.D or Masters with proven specialised knowledge in area of Theoretical Agent-Based Models (TABMs) / Heterogenous Agent New Keynesian (HANK) / Representative Agent New Keynesian (RANK) / Dynamic Stochastic General Equilibrium (DSGE) models. (ii) Specialist / field expert (with adequate experience and relevant publications) in this area. |
| Analyst (Credit Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics/ Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 5 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 5 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Analyst (Market Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 5 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 5 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Analyst (Liquidity Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 5 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 5 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Sr. Analyst (Credit Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 7 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 7 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Sr. Analyst (Market Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 7 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 7 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Sr. Analyst (Liquidity Risk) | 01 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 7 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. ‘Or’ 2. Minimum 7 years of Practitioner level experience in evaluation of efficacy, consistency and accuracy aspects of models used by SEs. Experience as above in Risk Consultancy Firms, Professional Training Institutes (NIBM, NISM, etc.). |
| Analyst (Stress Testing) | 02 | (i) Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics or MBA / PGDBA / PGPM / PGDM from an Indian University/Institute recognized by Government bodies AICTE or a similar Foreign University /Institute. (ii) Minimum 7 years’ experience of having worked in Risk Management Department of a large financial institution viz. large commercial bank, Systemically Important NBFC with sizeable portfolio of assets bearing credit, market, liquidity, off-balance sheet risks. It will be desirable that they were also involved in developing and implementing risk models. |
| Analyst (Forex & Trade) | 03 | (i) Post Graduate Degree in Economics or Commerce or MBA / PGDBA / PGPM / PGDM (ii) Minimum 5 years of experience in commercial banks / large financial companies / financial services organisations with minimum two years of experience in the areas of Credit & Forex / Trade Finance function in Banking / Financial Sector (Experience of working in trade finance function including exports / imports / foreign remittances / LC / BG will be preferable) |
| IT – Cyber Security Analyst | 08 | (i) BE / B Tech / M Tech in Computer Science/ IT / Electricals and Electronics or equivalent OR MCA with specialisation in Information Security / IT Risk Management/ Information Assurance / Cyber security and Digital Threat Management. (ii) Minimum 5 years of experience in commercial banks/ financial companies / financial services organisations/ IT services companies/ Telecom companies/ IS Audit/ Information Security companies/ firms/ organisations in one/more of the areas. |
| Consultant-Accounting | 03 | (i) Qualified Chartered Accountants. (ii) Experience in General Accounting policies, Investments/Derivatives valuation, etc. |
| IT Project Administrator | 03 | (i) BE / B Tech / M Tech in Computer Science or IT. (ii) At least 5 years in IT project implementation area, especially banking related projects. Knowledge and work experience in XML & API |
| Consultant-Accounting/ Tax | 01 | (i) Certified Chartered Accountant (CA) or Company Secretary (CS) (ii) Minimum 5 years’ experience in dealing with accounting/taxation matters of any commercial bank/ PSU/ Semi Govt. establishment/ Insurance company/ large corporations. (iii) Competence in Taxation and Accounting matters |
| Business Analyst | 01 | (i) MBA (Finance) / PGDBA (Finance) / PGDM / PhD in Quantitative Economics or Finance / Chartered Financial Analyst (CFA) (ii) Minimum 5 years’ experience in areas of Financial Reporting / Risk Management/ Business or financial analytics in commercial banks / large financial service organizations |
| Legal Consultant | 01 | (i) LLB/ LLM (ii) Minimum 5 years’ experience as a (i) Legal Consultant/ Associate in an Advocates’ or Solicitors’ Office or Law firm after being enrolled with the Bar Council; or (ii) as a Law Officer in the Legal Department of a large bank / financial institution / statutory corporation / company / State / Central Government. (iii) Special knowledge of Banking Law, Company Law, Labour Law and Constitutional Law and experience in drafting of pleadings and documents |
| IT System Administrator | 01 | (i) Postgraduate degree in Computer Application / M.Tech in IT or Computer Science. (ii) Minimum 5 years’ experience in IT sector in handling large network and adequate knowledge of routing and switching protocol in commercial banks / large financial companies/ financial service organisations or any other reputed companies |
Post wise Age Limit:-
| Post Name | Age Limit |
| Data Scientist, Data Engineer | 25 – 35 years |
| IT Security Expert, IT System Administrator, IT Project Administrator, Network Administrator | 27 – 36 years |
| Economist | 26 – 40 years |
| Data Analyst | 23 – 35 years |
| Analyst, Sr. Analyst, IT – Cyber Security Analyst | 30 – 40 years |
| Consultant-Accounting | 25 – 40 years |
| IT Project Administrator | 27 – 40 years |
| Consultant-Accounting/ Tax, Business Analyst, Legal Consultant, IT System Administrator | 30 – 40 years |
Application Fee and Intimation Charges:-
Candidates have to make the payment through the online mode only:
(i) SC /ST / PwBD – Rs.100/- + 18% GST
(ii) GEN/OBC/EWS – Rs.600/- + 18% GST
How to Apply: RBI Recruitment 2023
Eligible candidates are required to Apply Online through the RBI Bank’s website. Candidates are required to take a printout of the e-Receipt and online Application Form
Selection Process for RBI Recruitment:-
Selection will be through preliminary screening / shortlisting followed by interview.
RBI Recruitment: Notes
(i) Fee/ Intimation Charges once paid shall not be refunded
(ii) The Bank reserves the right to post the candidates at any centre within India.
Important Dates:-
The Online Applications can be filled up to July 11, 2023 till 6:00 PM.
