Union Bank of India Invites Application for Chief Economic Advisor Recruitment 2021

Recruitment Of Senior Executive/ Domain Experts In Union Bank Of India On Contract Basis

1. Position Name: Chief Economic Advisor

2. Total Vacancy: 01

3. Educational Qualification:

Masters Economics with specialization in Monetary /Financial Economics or Econometrics from a recognized Indian/Foreign University/Institute. Doctorate Degree in areas of Money/Banking/ International Finance from a recognized university will be an added qualification.

5. Experience (As on 29.12.2021):

i. Minimum 12 years work experience as an Economist in a commercial Bank/Financial Institution or other reputed Corporate Organization or Teaching experience as Lecturer/Professor in Economics in a college/University or combined experience as an Economist and in teaching.

ii. Should possess excellent communication skills supported by participation in various economic forums. Contribution to leading publications will be an added advantage.

6. Skills & Job Description / Key Responsibilities:

The Chief Economic Advisor will be responsible for leading a team at Economic Research Dept. The Official will be the key resource person providing strategic inputs on various National and Global economic developments to the Top Management of the Bank and will also be required to contribute to formulation of strategy and policy. The person needs to be conversant with Banking/Financial scenario.

7. Remuneration:

i. The remuneration will be offered based on candidate’s qualifications, experience and overall suitability for the respective posts based on the negotiations and shall not be a limiting factor for suitable candidate. The compensation will be on CTC basis.

ii. The contract employee will be liable for tax liabilities as per Income Tax Act & Rules in force and the tax will be deducted at source. The amount of compensation being cost to the Bank will be inclusive of any statutory payments that Bank may be required to pay on behalf of the contract appointee.

8. Location Of Posting: 

The location of the posting shall be Mumbai. However, the candidate may be posted to work with the team(s) within the organization/parent organization/any subsidiary of the parent organization if and deemed necessary.

Selection Procedure

(i) The selection will be based on shortlisting and interviews. Mere fulfilling minimum qualifications and experience will not vest any right in a candidate for being called for an interview. 

(ii) The Shortlisting Committee constituted by the Bank will decide the shortlisting parameters and thereafter, an adequate number of candidates, as decided by the Bank will be shortlisted and called for interview.

(iii) The decision of the bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard. 

(iv) The roll nos. of candidates shortlisted for interview & subsequent selection shall be published on Bank’s website. Intimation/ call letter for interview will be sent by email or will be uploaded on Bank's website. 

(v) The final appointment will be based on the decision of the Selection Committee constituted for the purpose.

(vi) Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate score the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit.

How to Apply:

For more details, please refer to official notification at Download Official Notification