Reserve Bank of India is looking 5 applicants for the post of Consultants/Subject Specialists/Analysts on contract basis for multiple positions/ areas in Reserve Bank of India (RBI/Bank) and Deposit Insurance & Credit Guarantee Corporation (DICGC). The eligible Applicants can submit their applications before 11th July, 2023. Applicants can also check the official website of RBI for 66 New Positions of Consultants/Subject Specialists/Analysts in RBI.
Overview – 66 New Positions of Consultants/Subject Specialists/Analysts in RBI
| Name of Organization | Reserve Bank of India |
| Job Name | Consultants/Subject Specialists/Analysts |
| Number of Vacancies | 66 |
| Category | Bank Jobs |
| Job Location | India |
| Employment Type | Contractual |
| Application Mode | Online |
| Official Website | RBI |
| Last Date To Apply | 11th July, 2023 |
Vacancies Details – 66 New Positions of Consultants/Subject Specialists/Analysts in RBI
| Data Scientists Grade ‘C’ | 3 |
| Data EngineerGrade ‘C’ | 1 |
| IT Security Expert Grade ‘C’ | 10 |
| IT System Administrator-Department of Information Technology Grade ‘C’ | 8 |
| IT Project Administrator–Department of Information Technology Grade ‘C’ | 6 |
| Network Administrator Grade ‘C’ | 3 |
| Economist (Macro-economic modelling) Grade ‘C’ | 1 |
| Data Analyst (Applied Mathematics) Grade ‘C’ | 1 |
| Data Analyst (Applied Econometrics) Grade ‘C’ | 2 |
| Data Analyst (TABM/HANK Models) Grade ‘C’ | 2 |
| Analyst (Credit Risk) Grade ‘C’ | 1 |
| Analyst (Market Risk) Grade ‘C’ | 1 |
| Analyst (Liquidity Risk) Grade ‘C’ | 1 |
| Sr. Analyst (Credit Risk) Grade ‘D’ | 1 |
| Sr. Analyst (Market Risk) Grade ‘D’ | 1 |
| Sr. Analyst (Liquidity Risk) Grade ‘D’ | 1 |
| Analyst (Stress Testing) Grade ‘C’ | 2 |
| Analyst (Forex & Trade) Grade ‘C’ | 3 |
| IT – Cyber Security Analyst Grade ‘C’ | 8 |
| Consultant – Accounting Grade ‘C’ | 3 |
| IT Project Administrator-Department of Government and Bank Accounts Grade ‘C | 3 |
| Consultant – Accounting / Tax Grade ‘C’ | 1 |
| Analyst Grade ‘C’ | 1 |
| Legal Consultant Grade ‘C’ | 1 |
| IT System Administrator Grade ‘C’ | 1 |
Educational Qualification & Experience – 66 New Positions of Consultants/Subject Specialists/Analysts in RBI
| Data Scientists Grade ‘C’ | Masters in Statistics/ Econometrics / Mathematics / Mathematical Statistics / Data Sciences / Finance / Economics. BE/B.Tech in Computer Science Engineering from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University / Institute. Minimum 4 years of experience of working as a Data scientist, preferably at a financial institution. |
| Data Engineer Grade ‘C’ | 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. Minimum 4 years of experience of working as a Data engineer |
| IT Security Expert Grade ‘C’ / IT System Administrator-Department of Information Technology Grade ‘C’ | BE / B.Tech / M Tech in Computer Science/IT/Electricals and Electronics or equivalent or MCA. Minimum 5 years’ experience in IT sector. |
| IT Project Administrator–Department of Information Technology Grade ‘C’ | BE / B.Tech / M Tech in Computer Science/IT/Electricals and Electronics or equivalent or MCA. Minimum 5 years’ experience in Computer engineering or relevant sector. |
| Network Administrator Grade ‘C’ | BE / B.Tech / M Tech in Computer Science/IT/Electricals and Electronics or equivalent or MCA. Minimum 5 years’ experience in relevant sector. |
| Economist (Macro-economic modelling) Grade ‘C’ | Ph.D. in Economics with an application of Dynamic Stochastic General Equilibrium (DSGE modelling). 3 years of research experience in Dynamic Stochastic General Equilibrium (DSGE) modelling. |
| Data Analyst (Applied Mathematics) Grade ‘C’ | M.Sc. in Mathematics/ Applied Mathematics. |
| Data Analyst (Applied Econometrics) Grade ‘C’ | M.A./M.Sc or Ph.D in Applied Econometrics/ Statistics/ Economics. 5-years of work experience in application of Econometrics. |
| Data Analyst (TABM/HANK Models) Grade ‘C’ | Ph.D or Masters with proven specialised knowledge in relevant area. Specialist / field expert (with adequate experience and relevant publications) in this area. |
| Analyst ( Credit Risk/Market Risk/Liquidity Risk ) Grade ‘C’ | 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. Minimum 5 years’ experience of having worked in Risk Management Department of a large financial institution. |
| Sr. Analyst (Credit Risk/Market Risk/Liquidity Risk) Grade ‘D’ | 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. Minimum 7 years’ experience of having worked in Risk Management Department of a large financial institution. |
| Analyst (Stress Testing) Grade ‘C’ | 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. Minimum 5 years’ experience of having worked in Risk Management Department of a large financial institution. |
| Analyst (Forex & Trade) Grade ‘C’ | Post Graduate Degree in Economics or Commerce or MBA / PGDBA / PGPM / PGDM from a recognised Indian or Foreign University / Institute. Minimum 5 years of experience in commercial banks / large financial companies / financial services organisations. |
| IT – Cyber Security Analyst Grade ‘C’ | BE / B Tech / M Tech in Computer Science/ IT / Electricals and Electronics or equivalent. 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. |
| Consultant – Accounting Grade ‘C’ | Qualified Chartered Accountants. Experience in General Accounting policies, Investments / Derivatives valuation, etc. |
| IT Project Administrator-Department of Government and Bank Accounts Grade ‘C | BE / B Tech / M Tech in Computer Science or IT. At least 5 years in IT project implementation area, especially banking related projects. Knowledge and work experience in XML & API. |
| Consultant – Accounting / Tax Grade ‘C’ | Certified Chartered Accountant (CA) or Company Secretary (CS). Minimum 5 years’ experience in dealing with accounting/taxation matters of any commercial bank/ PSU/ Semi Govt. establishment/ Insurance company/ large corporations. |
| Business Analyst Grade ‘C’ | MBA (Finance) / PGDBA (Finance) / PGDM / PhD in Quantitative Economics or Finance / Chartered Financial Analyst (CFA). Minimum 5 years’ experience in relevant sector. |
| Legal Consultant Grade ‘C’ | LLB / LLM Minimum 5 years’ experience as a (i) Legal Consultant/ Associate in an Advocates’ or Solicitors’ Office. |
| IT System Administrator Grade ‘C’ | Postgraduate degree in Computer Application / M.Tech in IT or Computer Science. Minimum 5 years’ experience in IT sector. |
Pay Scale
- Group C – Rs.36.96 lakh to Rs.45.84 lakh p.a.
- Group D – Rs.51.60 lakh to Rs.57.24 lakh p.a.
Age Limit
| Data Scientists/Data Engineer | Min 25 – Max 35 |
| IT Security Expert/IT System Administrator/ IT Project Administrator/Network Administrator | Min 27 – Max 36 |
| Economist (Macro-economic modelling) | Min 26 – Max 40 |
| Data Analyst (Applied Mathematics)/Data Analyst (TABM/HANK Models) | Min 23 – Max 35 |
| Data Analyst (Applied Econometrics) | Min 26 – Max 35 |
| Analyst (Credit Risk/Market Risk/Liquidity Risk) /Sr. Analyst (Credit Risk/Market Risk/Liquidity Risk)/Analyst (Stress Testing/Forex & Trade)/IT – Cyber Security Analyst | Min 30 – Max 40 |
| Consultant – Accounting Grade ‘C’ | Min 25 – Max 40 |
| IT Project Administrator-Department of Government and Bank Accounts Grade ‘C | Min 27 – Max 40 |
| Consultant – Accounting / Tax /Analyst/Legal Consultant/IT System Administrator | Min 30 – Max 40 |
Selection Procedure
- The selection process shall comprise of a preliminary screening / shortlisting followed by interview.
Application Fees
- Rs.600/- plus 18% GST for OBC/General/EWS candidates (Examination fee+ Intimation Charges).
- Rs.100/- plus 18% GST for SC/ST/PwBD (Intimation Charges).
Important Dates
| Commencement of on-line registration of application | June 21, 2023 |
| Closure of registration of application | July 11, 2023 |
How to Apply
- Go to the RBI website and click on ‘Opportunities@RBI’ ->Current Vacancies -> Vacancies-> Lateral Recruitment of Consultants/Subject Specialists/Analysts – on Contract Basis.
- To register for the application, choose the tab “Click here for New Registration” and enter your Name, Contact details and Email-id. A Provisional Registration Number and Password will be generated by the Reserve Bank of India Services Board, Mumbai
- Click on the hyperlink “Online Application Form” on the advertisement page for filling out the ‘Online Application’.
- Enter basic details and upload the photograph, signature, left thumb impression and a hand-written declaration in the online application form as per the specifications given.
- Validate your details and Save your application by clicking the ‘Validate your details’ and ‘Save & Next’ buttons.
- Proceed to upload a Photo, Signature, left thumb impression and a hand-written declaration as per the specifications given in the Guidelines for Scanning and Upload of Documents.
- Fill in other details of the Application Form.
- Click on the Preview Tab to preview and verify the entire application form before FINAL SUBMIT.
- Click on the ‘Payment’ Tab and proceed with payment.
- Click on the ‘Submit’ button.
- Take a printout for future reference
Important Link
| Online Registration Link | click here |
| Official Notification | click here |
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