Educational Qualification at RBI, Mumbai, Aug 2014 Application form, Online apply www.rbi.org.in

Educational Qualification for Specialist Adviser at RBI, Mumbai, Aug 2014 Application form, Online apply www.rbi.org.in

RESERVE BANK OF INDIA SERVICES BOARD, MUMBAI

Eligibility Criteria (as on 01.08.2014):

1. Age: The applicant should be between 35-50 years of age. In case of PWD candidates, age relaxation as per extant Government of India instructions, will be provided.
2. Requisite minimum Educational Qualifications (as on 01.08.2014):

• (a) A First Class Post Graduate degree in Economics with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters / years.
• (Note: Some Universities/Institutes do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA'CPI, etc.). In case University/Institute defines criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted. However, where the University/ Institute does not define criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificates, the undefined parameter(s) would be worked out as under:
• 
  
• Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course. Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10: it will be normalized out of 10 and computed as per table given above.)
• AND
• (b) Ph.D. in Economics from a reputed institution.

Desired Experience (as on 01.08.2014):

• (a)  Experience as a researcher in monetary policy area in reputed international/domestic institutions with a portfolio of published research in internationally reputed refereed journals
• (b)  Track record of sustained contribution to empirical research in macroeconomics and international economics
• (c)  Capacity to quickly analyse evolving developments in the domestic external sector and global economy and advise policy changes
• (d)  Strong research background with experience in applying economic analysis to real-world situations
• (e)  Experience in policy-relevant research gained at a central bank or an international organisation
• (f)   Exposure to financial statistics and applied Econometrics

Service conditions:
Compensation Package: Regular pay scale of Grade 'F' officer of the Bank.

1. a.  Remuneration: The selected candidate will draw a starting basic pay of Rs. 60,600 p.m. in the scale of Rs. 60,600-1600(4)-67000 (5 Years), applicable to Officers in Grade-F and he/she will also be eligible for Dearness Allowance. Local allowance, House Rent Allowance, Family allowance and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately Rs. 1,48,525/-.
2. b.  Perquisites: Bank's accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for furnishing of residence, etc. as per eligibility. Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility. Interest free festival advance. Leave Fare Concession (once in two years for self, spouse and eligible dependents). Loans and Advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, Personal Computer, etc. Selected candidate will be governed by 'the defined contribution New Pension Scheme (NPS)', in addition to the benefit of Gratuity.
3. Probation Period: Initial appointment will be on probation for a period of one year. At Bank's discretion, the probationary period may be extended by one year, if necessary.
4. Place of Posting: The position/ place of posting of candidate will ordinarily be Central Office, MumbaL
5. The selected candidate will be governed by RBI Staff Regulation 1948.

Job responsibilities:

• (a)  Applied Macroeconomic Policy Research in the context of central banking. Contribute to, inter alia, international economics with a focus on trade, balance of payments and exchange rate analysis.
• (b)  Providing leadership and guiding the preparation of analytical and research-oriented macroeconomic reports for senior management information system.
• (c)  Monitoring and analysis of development of external sector within and integration across borders.

Career Progression: This is a newly created Specialist position for Research purposes. Since this is a leadership position, no further career progression is envisaged in the normal course for the position. Associated benefits are on 'in-situ' basis only.

Important Links are given below:

• Application form format
• How to apply
• Qualification Details
• Complete Notification