Union Bank of India Invites Application for Chief Economic Advisor Recruitment 2021
Vacancy Circular No:
Union Bank of India
invites applications for recruitment of Chief Economic Advisor
Chief Economic Advisor
Manpower Planning and Recruitment Division, Human Resource Department, Central Office, Mumbai
239 Vidhan Bhavan Marg
Central Office Nariman Point21, Mumbai, 400021 Maharashtra
Number of Vacancy: 1 Posts
| Union Bank of India Recruitment 2021 | Details |
|---|---|
| Job Role | Chief Economic Advisor |
| Education Requirement | M.A |
| Total Vacancy | 1 Post |
| Job Locations | Mumbai |
| Age Limit | Age as on (01/12/2021): 35 - 50 yrs |
| Experience | 12 - 15 years |
| Salary | Not Disclosed |
| Posted on | 08 Dec, 2021 |
| Last Date To Apply | 29 Dec, 2021 |
Educational Qualification: M.A, M.Phil/Ph.D
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.
Pay Scale:
INR
Not Disclosed
Age Limit: Age as on (01/12/2021): 35 - 50 yrs
Selection Procedure
(i) The selection will be based on shortlisting and interview. Mere fulfilling minimum qualification and experience will not vest any right in candidate for being called for interview.
(ii) The Shortlisting Committee constituted by the Bank will decide the shortlisting parameters and thereafter, 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:
1. Union Bank Of India Invites Online Application from Indian Citizen for Appointment to the Following Senior Executive/Domain Expert Posts. Candidates are requested to apply Online through the link given on Bank’s website 'www.unionbankofindia.co.in'
2. Online Registration of Application & Payment of Fees: From 08.12.2021 to 29.12.2021
3. Candidates are requested to apply only ON-LINE through Bank’s Website www.unionbankofindia.co.in. No other mode of submission of application will be accepted by the Bank.
Important Dates:
Published on: 08 December 2021
For more details, please refer to official notification at Download Official Notification
Past/Expired Recruitments
| Job Details | Closing Date |
|---|---|
|
Wealth Manager (Specialist Officer)
( 250 Posts (SC-37, ST-18, OBC-67, EWS-25, UR103)) Posts • -, Anywhere in India
|
25th August 2025 |
|
Assistant Manager
( 500 Posts) Posts • -, Anywhere in India
|
20th May 2025 |
|
Apprentices
( 2691 Posts (UR-1164, SC-409, ST-180, OBC-680, EWS-258)) Posts • -, Anywhere in India
|
5th March 2025 |
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Closing: Jan 20, 2026About Union Bank of India
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Union Bank of India is one of the leading public sector banks of the country. The Bank is a listed entity and the Government of India holds 89.07 percent in Bank’s total share capital. The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Today, it has a network of 9500+ domestic branches, 13300+ ATMs, 11700+ BC Points, serving over 120 million customers with 75000+ employees. The Bank also has 3 branches overseas at Hong Kong, Dubai International Financial Centre (UAE) & Sydney (Australia); 1 representative office in Abu Dhabi (UAE); 1 banking subsidiary at London (UK), 1 banking joint venture in Malaysia; 3 para-banking subsidiaries and 3 joint ventures (including 2 in life insurance business). Union Bank of India is the first large public sector bank in the country to have implemented 100% core banking solution. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.2020. with this, the Bank’s total business as of 1st April 2020 stood at Rs.15,34,749 crore, comprising Rs. 868632 crore of deposits and Rs. 666117 crore of advances.The Bank has received several awards and recognition for its prowess in technology, digital banking, financial inclusion, MSME and development of human resources.
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