Reserve Bank of India RBI Recruitment Notification 66 Vacancy Apply Now

For the positions and areas listed below, the Reserve Bank of India Services Board is accepting online applications from qualified applicants for lateral recruitment of consultants, subject specialists, and analysts on a contract basis. In the organisation, 66 positions will be filled through the RBI Recruitment 2023 campaign. The application period will start on June 21 and expire on July 11, 2023.

Table of Contents

Overview

Organisation	Reserve Bank of India (RBI)
Total Vacancies	66
Advt. No.	5/2023-24
Post Name	Data Scientist, Data Engineer, IT Security Expert, and Other
Application start date	21-06-2023
Application deadline	11-07-2023
Official Website	www.rbi.org.in

RBI Recruitment 2023 Vacancy

The Reserve Bank of India Services Board (Board) invites applications from eligible candidates for Lateral Recruitment of consultants, Subject specialists, and analysts on a contract basis for the below-mentioned positions and areas in the Reserve Bank of India (RBI/Bank) and Deposit Insurance and Credit Guarantee Corporation (DICGC):

Data Scientists 03
Data Engineer 01
IT Security Expert 10
IT System Administrator 09
IT Project Administrator 09
Network Administrator 03
Economist 01
Data Analyst 05
Analyst 08
Senior Analyst 03
IT Cyber Security Analyst 08Consultant 04
Business Analyst 01
Legal Consultant 01

RBI Recruitment 2023 Application Fees

The application fees for each category are different. The application fee amount can be paid only through online mode.

Category	Fees
General Category	600/- (plus GST at 18% to be paid through online mode only)
SC/ST/PWD Category	100/- (plus GST at 18% to be paid through online mode only)

RBI Recruitment 2023 Salary

Post-wise list of annual pay is mentioned below. Candidates should check their annual salary before applying for the position.

Data Scientists- ₹36.96 lakh – ₹45.84 lakh p.a.
Data Engineer- ₹36.96 lakh – ₹45.84 lakh p.a.
IT Security Expert- ₹36.96 lakh – ₹45.84 lakh p.a.
IT System Administrator-Department of Information Technology- ₹36.96 lakh – ₹45.84 lakh p.a.
IT Project Administrator–Department of Information Technology- ₹36.96 lakh -₹45.84 lakh p.a.
Network Administrator– ₹36.96 lakh – ₹45.84 lakh p.a.
Economist (Macro-economic modelling)- ₹36.96 lakh – ₹45.84 lakh p.a.
Data Analyst (Applied Mathematics)- ₹36.96 lakh – ₹45.84 lakh p.a.
Data Analyst (Applied Econometrics)- ₹36.96 lakh – ₹45.84 lakh p.a.
Data Analyst (TABM/HANK Models)- ₹36.96 lakh – ₹45.84 lakh p.a.
Analyst (Credit Risk)- ₹36.96 lakh – ₹45.84 lakh p.a.
Analyst (Market Risk)- ₹36.96 lakh – ₹45.84 lakh p.a.
Analyst (Liquidity Risk)– ₹36.96 lakh – ₹45.84 lakh p.a.
Sr. Analyst (Credit Risk): ₹51.60 lakh – ₹57.24 lakh p.a.
Sr. Analyst (Market Risk): ₹51.60 lakh – ₹57.24 lakh p.a.
Sr. Analyst (Liquidity Risk): ₹51.60 lakh – ₹57.24 lakh p.a.
Analyst (Stress Testing)- ₹36.96 lakh – ₹45.84 lakh p.a.
Analyst (Forex & Trade)– ₹36.96 lakh – ₹45.84 lakh p.a.
IT – Cyber Security Analyst- ₹36.96 lakh – ₹45.84 lakh p.a.
Consultant – Accounting/ Tax- Department of Government and Bank Accounts- ₹36.96 lakh – ₹45.84 lakh p.a.
IT Project Administrator-Department of Government and Bank Accounts- ₹36.96 lakh – ₹45.84 lakh p.a.
IT System Administrator– Department of Government and Bank Accounts- ₹36.96 lakh – ₹45.84 lakh p.a.
Business Analyst- Department of Government and Bank Accounts- ₹36.96 lakh – ₹45.84 lakh p.a.
Legal Consultant- Department of Government and Bank Accounts– ₹36.96 lakh – ₹45.84 lakh p.a.
Consultant- Accounting/Tax- ₹36.96 lakh – ₹45.84 lakh p.a.

Eligibility Criteria

The eligibility criteria, like age, educational qualification, and experience, are mentioned below. In order to get selected for RBI, candidates are required to fulfil all the eligibility criteria.

Age

A detailed list has been mentioned below for age eligibility. Interested candidates are required to check the min age before applying to the desired position.

Data Scientist (Data Analytics): Age: 25-35 years
Data Engineer (Data Analytics): Age: 25-35 years
IT Security Expert (IT System Administration): Age: 27–36 years
Data Scientist (Data Analytics): Age: 27–36 years
IT System Administrator, Department of Information Technology: Age: 27–36 years
IT Project Administrator, Department of Information Technology: Age: 27–36 years
Network Administrator: Age: 27–36 years
Economist (Macro-economic modelling): Age: 26-40 years
Data Analyst (Applied Mathematics): Age: 23-35 years
Data Analyst (Applied Econometrics): Age: 26-35 years
Data Analyst (Applied TABM/HANK Models): Age: 23-35 years
Analyst (Credit Risk): Age: 30–40 years
Analyst (Market Risk): Age: 30-40 years
Sr. Analyst (Credit Risk): Age: 30-40 years
Sr. Analyst (Market Risk): Age: 30-40 years
Sr. Analyst (Liquidity Risk): Age: 30-40 years
Analyst (Stress Testing): Age: 30–40 years
Analyst (Forex and Trade): Age: 30–40 years
IT-Cyber Security Analyst: Age: 30–40 years
Consultant in Accounting: Age: 25–40 years
IT Project Administrator, Department of Government and Bank Accounts: Age: 27–40 years
Consultant, Accounting/Tax: Age: 30-40 years
Business Analyst: Age: 30-40 years
Legal Consultant: Age: 30-40 years
IT System Administrator: Age: 30-40 years

Qualification and Experience

Data Scientist

Essential: Masters in Statistics, Econometrics, Mathematics, Mathematical Statistics, Data Sciences, Finance, or Economics (Or) BE/B. Tech in Computer Science Engineering from an Indian University recognized by Government bodies, the AICTE, or a similar Foreign University or institute.

Minimum of 4 years of experience working as a Data scientist, preferably at a financial institution.

Data Engineer

Essential: BE or 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 or Institute

Minimum of 4 years of experience working as a Data engineer.

IT Security Expert

Essential: BE/BB.Tech/M.Tech in Computer Science/IT/Electricals and Electronics or equivalent OR MCA

Desirable: Certification in Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Certified Ethical Hacker (CEH), Certified Cloud Security Professional (CCSP), Offensive Security Certified Professional (OSCP), GIAC Security Essentials (GSEC), or equivalent.

Minimum 5 years experience in the IT sector in handling security infrastructure in commercial banks, large financial companies, financial service organizations, or any other reputed companies

IT System Administrator, Department of Information Technology

Essential: BE, B.Tech., or M.Tech. in Computer Science, IT, Electricals, and Electronics, or equivalent (OR) MCA

Desirable: Certification in Cisco Certified Network Associate (CCNA), Cisco Certified Network Professional (CCNP), Cisco Certified Design Professional (CCDP), Certified Information Systems Security Professional (CISSP), or equivalent

IT Project Administrator, Department of Information Technology

Essential: BE, B.Tech., or M.Tech. in Computer Science, IT, Electricals, and Electronics, or equivalent (OR) MCA

Desirable: OEM Certified Professional in WAS, Web Logic, JBoss, IBM-MQ

Minimum 5 years experience in Computer engineering, coding, interface establishment, script application, storage management, multiple operating systems, Relational Database Management (RDBMS) systems, Project management through all phases of the project life cycle, Knowledge of FISMA (The Federal Information Security Management Act) and respective security controls in commercial banks, large financial companies, and financial service organizations.

Network Administrator

Essential: BE, B.Tech., or M.Tech. in Computer Science, IT, Electricals, and Electronics, or equivalent (OR) MCA

Desirable: VMware Certified Professional (VCP), Oracle Certified Professional (OCP), IBM Z/Series professional certification for respective positions

Minimum 5 years experience in the areas of implementation, configuration, operations, and maintenance of Mainframe (z/OS), virtualization Management software, Oracle, and DB2 in commercial banks, large financial companies, and financial service organizations

Economist (Macro-economic modelling)

Essential: PhD in Economics with an application of Dynamic Stochastic General Equilibrium (DSGE) modelling.

3 years of research experience in Dynamic Stochastic General Equilibrium (DSGE) modeling.

Data Analyst (Applied Mathematics)

Essential: M.Sc. in Mathematics or Applied Mathematics

Desirable: Candidates with a PhD degree along with relevant experience in the application of Mathematical tools to Economic or Financial Analysis will be given preference over candidates with an M.Sc. degree. Relevant publications will be a plus.

Data Analyst (Applied Econometrics)

Essential: M.A., M.Sc., or PhD in Applied Econometrics, Statistics, or Economics
Desirable: Relevant publications will be a plus.

5 years of work experience in the application of econometrics, applied statistics, economics, or financial analysis for candidates with an M.A. or M.Sc. degree, or 3 years of working experience in the desired area for candidates with a PhD degree

Data Analyst (TABM/HANK Models)

Essential: PhD or Master with proven specialized knowledge in the areas of Theoretical Agent-Based Models (TABMs), heterogenous agent New Keynesian (HANK), representative agent New Keynesian (RANK), and Dynamic Stochastic General Equilibrium (DSGE) models.

Specialist or field expert (with adequate experience and relevant publications) in this area.

Analyst (Credit Risk), (Market Risk), (Liquidity Risk)

Essential: Postgraduate Degree in Statistics, Econometrics, Mathematics, Mathematical Statistics, Finance, Economics, or MBA, PGDBA, PGPM, or PGDM from an Indian university or institute recognized by Government bodies, AICTE, or a similar Foreign University or institute.

Desirable: Financial Risk Manager (GARP), Professional Risk Manager (PRMIA), Diploma in the Area of Data Science, Data Analytics, or Data Statistics Psychology, Chartered Financial Analyst (CFA) (USA).

Minimum 5 years experience working in the risk management department of a large financial institution, viz., a large commercial bank or a systemically important NBFC with a sizeable portfolio of assets bearing credit, market, liquidity, and off-balance sheet risks. It will be desirable if they are also involved in developing and implementing risk models.
A minimum of 5 years of practitioner-level experience in the evaluation of efficacy, consistency, and accuracy aspects of models used by SEs Experience as above in Risk consulting firms and professional training institutes (NIBM, NISM, etc.)

Note: Frontline staff working in or having only procedural knowledge of risk taking’ desks are not eligible, and only those who possess domain expertise in independent Risk management functions may apply for the positions.

Sr. Analyst (Credit Risk), (Market Risk), (Liquidity Risk)

Minimum 7 years experience working in the risk management department of a large financial institution, viz., a large commercial bank or a systemically important NBFC with a sizeable portfolio of assets bearing credit, market, liquidity, and off-balance sheet risks. It will be desirable if they are also involved in developing and implementing risk models.
A minimum of 7 years of practitioner-level experience in the evaluation of efficacy, consistency, and accuracy aspects of models used by SEs Experience as above in Risk consulting firms and professional training institutes (NIBM, NISM, etc.)

Note: Frontline staff working in or having only procedural knowledge of risk taking’ desks are not eligible, and only those who possess domain expertise in independent Risk management functions may apply for the positions.

Analyst (Stress Testing)

Desirable: Financial Risk Manager (GARP), Professional Risk Manager (PRMIA), Diploma in the area of Data Science, Data Analytics, or Data Statistics Psychology, Chartered Financial Analyst (CFA) (USA) with a specific focus on the development of models, designing scenarios, data handling, running of stress tests, analysing outcomes with assumptions or implications in the areas of credit risk, market risk, liquidity risk, off-balance sheet exposures, etc.

Professionals who possess a minimum of 5 years experience of having worked in

(a) the risk management departments of commercial banks and systemically important NBFCs;

(b) Risk consulting firms;

(1). Building or handling the stress testing and modelling infrastructures in an IT-enabled environment(2). Developing stress testing techniques and methodologies (3). Developing and implementing risk models (4). Assessing the effectiveness of the models (5). Development of models, designing scenarios, data handling, running stress tests, and analysing outcomes with assumptions and implications (6). Evaluation of the effectiveness of the internal stress test models used by the SEs in their credit, market, liquidity, off-balance sheet exposures, etc.

Analyst (Forex and Trade)

Essential: Postgraduate Degree in Economics or Commerce (or)
MBA, PGDBA, PGPM, PGDM from a recognised Indian or Foreign University or Institute.

Desirable: Chartered Financial Analyst (CFA) (USA); Chartered Accountant (CA); ICWA; LLB; LLM; International Financial Reporting Standards (IFRS) Certificate

Minimum 5 years of experience in commercial banks, large financial companies, or financial services organisations, with a minimum of two years of experience in the areas of Credit and Forex and Trade Finance functions in Banking and the financial sector (experience working in trade finance functions including exports, imports, and foreign remittances in LC or BG will be preferable).

IT: Cyber Security Analyst

Essential: BE, B Tech, or M Tech in Computer Science, IT, Electricals, and Electronics, or equivalent (OR) MCA with specialisation in Information security, IT Risk management, Information assurance, cyber security, and Digital Threat management.

Desirable: Professional certifications like Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), and Certified Ethical Hacker (CEH).

Minimum 5 years of experience in commercial banks, financial companies, financial services organisations, IT services companies, Telecom companies, IS audit, Information Security companies, firms, or organisations in one or more of the following areas:

1. Conducting IS audits as part of an internal IS Audit team (IS audits of data centres specifically) or an external audit team in banks, FIs, or financial services organisations

2. Be part of the SOC team in managing SOC activities on a day-to-day basis in commercial banks, financial companies, financial services organisations, IT service companies, and Telecom companies.

3. Conduct information security-related risk assessments in commercial banks, financial companies, financial services organisations, IT service companies, and Telecom companies

4. Part of the IT team in managing the data centres is associated with secure configurations of applications, databases, network devices, and operating systems in the data centres.

5. Experience in application coding or conducting quality assurance in mobile applications, open banking applications, fin-tech applications, CBS, etc.

Consultant, Accounting

Essential: Qualified Chartered Accountants

Experience in General Accounting policies, investment and Derivatives valuation, etc.

IT Project Administrator, Department of Government and Bank Accounts

Essential: BE, B Tech, or M Tech in Computer Science or IT

At least 5 years in the IT project implementation area, especially banking-related projects. Knowledge and work experience in XML and API.

Consultant-Accounting/TTax-DICGC

Essential: Certified Chartered Accountant (CA) or Company Secretary (CS)

Minimum 5 years experience in dealing with accounting and taxation matters of any commercial bank, PSU, semi-government establishment, insurance company, or a large corporation, competence in Taxation and Accounting matters.

Business Analyst- DICGC

Essential: MBA (Finance), PGDBA (Finance), PGDM, PhD in Quantitative Economics or Finance, or Chartered Financial Analyst (CFA)

Minimum 5 years experience in areas of Financial reporting, risk management, business, or financial analytics in commercial banks or large financial service organisations

Legal Consultant-DICGC

Essential: LLB or LLM

Minimum 5 years experience as a (i) Legal consultant or associate in an advocate’s or solicitor’s Office or Law firm after being enrolled with the Bar Council; or (ii) law officer in the Legal Department of a large bank, financial institution, statutory corporation, company, state, or central government.
Special knowledge of Banking Law, Company Law, labour law, and Constitutional law, and experience in the drafting of pleadings and documents.

IT System Administrator- DICGC

Essential: Postgraduate degree in Computer Application or M.Tech. in IT or Computer Science

Minimum 5 years experience in the IT sector in handling large networks and adequate knowledge of routing and switching protocols in commercial banks, large financial companies, financial service organisations, or any other reputed companies.

Well-versed in the development of IT systems. Should be able to upgrade and maintain the IT systems being used in different work areas handled by the corporation (the existing Integrated Application System Software module). Should be able to upgrade and maintain digital payments to enable settlement of claim processes through the Aadhaar-linked bank account module.

RBI Selection Criteria

An interview and document verification will come after the preliminary screening and shortlisting by the screening committee.

The RBI Services Board retains the right to increase the minimum educational requirements or minimum work experience requirements as specified above or by using any other acceptable mechanism to limit the number of candidates commensurate with the number of positions called upon for interviews.

Therefore, simply meeting the minimal qualifications for the position would not guarantee any candidate an interview. The Board’s decision on this matter shall be final.

No correspondence in this respect will be answered.

Candidates who are selected for the interview will get an interview invitation via email, and their candidature will be contingent upon the submission and verification of the supporting documentation.

How to Apply for RBI Service Board Recruitment?

The candidates who are interested and eligible can apply directly through the official website, that is, www.rbi.org.in

RBI Recruitment Important Dates

Website Link Open for Online Registration of Applications and Payment of Fees and Intimation Charges: June 21, 2023, to July 11, 2023.

FAQs

What is the last date to apply for RBI Recruitment 2023?

The last date to apply for RBI Recruitment 2023 is July 11, 2023.

What are the eligibility criteria for RBI Recruitment 2023?

The detailed eligibility criteria like age, education qualification and experience have been presented above.