Securities and Exchange Board of India Invites Application for Executive Director Recruitment 2022

Vacancy Circular No:

Securities and Exchange Board of India (SEBI)
invites applications for recruitment of Executive Director

Executive Director

Number of Vacancy: 1 Posts

Educational Qualification: LLB, CA, CS, M.A, MBA/PGDM

Securities and Exchange Board of India (SEBI / Board), 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 Executive Director on contract/ deputation basis.

1. Name of the Post: Executive Director

2. No of Post: 01

3. Pay and Allowances: Scale of Pay: As admissible to an Executive Director, SEBI. The present applicable SEBI scale of pay for Executive Director is INR 120500-3500(2)-127500 (3 years). The monthly gross emoluments at the beginning of the scale work out to INR 3,75,756/- (with Board provided accommodation) or INR 2,89,256/- (without accommodation).

4. Benefits: Other benefits includes Leave Fare Concession, Medical Benefits, Accident Insurance, Residential Office Allowance, Staff Furnishing Scheme, Children Education allowance, Vehicle Maintenance (including Driver’s Salary), Entertainment Allowance, etc. Annual CTC: Approximately 70 lacs

5. Educational Qualification & Experience as on December 31, 2021: On Contract

a) Educational Qualification & Experience as on December 31, 2021: MBA/MMS with specialization in Finance / CA / CS / CFA / CWA / LLB / Post Graduation in Economics, Finance or any other discipline which in the opinion of the Board is useful, from a recognized University / Institution with minimum of 20 years of post-qualification experience in dealing with problems relating to securities market or special knowledge / experience of law, Investigation, Finance, Economics, Accountancy, Administration or any other discipline considered useful to the Board.

b) Terms of appointment: The appointment for the post will be purely on contractual basis for a period of three years. The Board reserves the right to relax any of the requirements for the candidates on Contract basis. The contract can be terminated by either side by giving 3 months’ notice or 3 months’ salary and allowances in lieu thereof. Candidates applying for the post of Executive Director (On Contract) who are already in service of Govt./Quasi-Govt. Organizations and Public Sector Banks/Undertakings will have to produce a "No Objection Certificate' from their employer, at the time of Interview. Before appointment in SEBI, a proper discharge certificate from the employer will have to be produced.

c)  On Deputation Basis {Deputation from Government (All India / Central Civil Service Group A), RBI, Banks, Financial Institutions} The candidates appointed on Deputation basis would have the option to draw pay and allowances as admissible to him/her in the parent organization or the scale of pay as admissible in SEBI.

d) Experience as on December 31, 2021: Deputation from Govt.(All India / Central Civil Service Group A), RBI, Banks, Financial Institutions, with not less than 20 years of experience in dealing with problems relating to securities market or special knowledge / experience of law, investigation, Finance, Economics, Accountancy, Administration or any other Discipline considered useful to the Board.

e) Term of appointment: The appointment for the post will be on deputation basis for a period of three years. The candidates applying for the post of Executive Director on Deputation basis should route their applications through their employers. Application marked ‘Advance Copy’ should be sent by the candidates to SEBI on or before the due date. Candidates should also furnish Vigilance Clearance (major / minor penalties, if any, imposed during last 10 years), Cadre Clearance and Annual Confidential Reports for last 5 years along with the application. In case of non-receipt of the abovementioned documents before the date of interview, the application shall be summarily rejected. Incomplete applications will not be considered.