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Reserve Bank of India-RBI
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Posted on 03 May 19
Job DescriptionLast Date 24 May 19
Advt. No. 6 / 2018-19

Director in Grade ‘F’ for Data Sciences Lab Job Opportunity At Reserve Bank of India-RBI

Vacancy: 01 Post

Educational Qualification (as on 01/05/2019): Minimum: Doctorate degree (PhD) on topics of Statistics, Econometrics, Computer Science, Mathematics, Mathematical Statistics, Data Science and Big Data, Finance or Economics from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University /Institute.

Desirable: Full-time diploma in the area of Data Science, Data Analytics or Data Statistics from an Indian University recognized by Government bodies / AICTE or a similar Foreign University / Institute.

Experience (As on 01/05/2019): At least fifteen years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ large financial companies / financial services organizations / large IT services companies with financial domain including five years of managerial or supervisory experience as Director or fifteen years of experience in Academics and Research in a reputed University in the areas of Finance, Banking or Monetary Policy which may inter-alia include:
  • Experience in integrating a variety of data sources, methods and applications.
  • Experience in implementing a range of statistical or machine learning methods from basic descriptive statistics, hypothesis testing and feature transformation to complex dimension reduction, supervised or unsupervised learning, and model turning and validation.
  • Proficiency in python or R, SQL and distributed computing systems such as Hadoop and related tools.
  • Experience of various statistical and forecasting methodologies such as regression analysis (linear and non-linear),cluster analysis, CHAID, time series, survival models
  • Experience in using data visualization tools (Qlik and Tableau).

Staff candidates with the prescribed qualification currently working as Chief General Manager are eligible to apply. General Managers with the prescribed qualification and three years of experience in the grade are also eligible to apply.

The selected candidate (including staff candidate) would have to submit a discharge /unconditional relieving letter from the present employer at the time of appointment in RBI.

Candidates who had already applied in response to our advertisement no. 1A / 2018-19 and 3B/ 2018-19 dated July 13, 2018 and September 19, 2018, respectively for the above position can apply again.

Age (as on 01/05/2019): Age of the candidate should not be more than 57 years.

Regular appointment (on permanent basis) on Pay Scales of the Bank
  1. The current monthly pay scale of officer in Grade F is as under: Rs.101900-3000(4)-113900 (5 years). Pay will be initially fixed at the minimum of pay scale.
  2. The selected candidate will be eligible for all the perquisites as available to the post of officer in Grade F.
  3. The selected candidate will be eligible for superannuation benefits as per applicable rules.
  4. The candidate will be governed by RBI Staff Regulations, 1948.
  5. 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.

Contract Appointment on Cost to Company (CTC) basis:
  1. The selected candidate will be offered a compensation package on CTC basis. The initial compensation would vary between minimum and midpoint of the scale depending upon the suitability of the candidate. The compensation range for officers in Gr ‘F’ is currently Rs. 4.85 lakh- Rs.5.05 Lakh per month subject to tax (without housing). The cost of housing as applicable would be recovered in case the candidate is provided housing by the Bank. Contract Appointee will be eligible for annual increase in compensation corresponding to y-o-y inflation (CPI new series)
  2. Besides the advertised remuneration, the Lounge and Dispensary facilities at the Office will be allowed. The contract appointee will be entitled to TA/ HA as admissible to the officers in the Bank of equivalent grade for official tours undertaken by him/ her outside the headquarters.
  3. The appointee will be governed by the ‘Code of Conduct’.
  4. Appointment will be on full-time contract basis initially for a period of three years, extendable up to a maximum of 5 years subject to review. The contract shall be terminable on either side by giving notice period of one month.

Place of posting: Mumbai. The Bank reserves the right to change the place of posting.

Selection Procedure: Selection will be through interview only. If necessary, a preliminary screening of the applications will be carried out for making a short-list of eligible candidates to be called for the interview. Hence, merely fulfilling the minimum requirements laid down for the post would not automatically entitle any candidate for interview. Applicant must also submit a write up (500 words, Font: Arial 12) on his / her vision to set up the Data Science Lab in Reserve Bank of India. The candidate may also separately submit a brief statement justifying his / her suitability for the leadership position, which may cover specific examples from own work experience / contributions given the stated broad duties assigned to the position.
Job Role

Job Type

Interview Type

Face to Face Interview

How to apply
Last date for receipt of Application at Boards Office (By Post Only): May 24, 2019 (Friday) by 17:00 hours (IST)

The filled in application and all other documents should be sent by post /courier to “The General Manager, Reserve Bank of India Services Board, 3rd Floor, RBI Building, Opp. Mumbai Central Railway Station (East),Byculla, Mumbai - 400008” in the prescribed format. The cover containing the application should be super scribed as i.e. ‘APPLICATION FOR THE POST OF DIRECTOR IN GRADE ‘F’ IN THE DATA SCIENCES LAB-2019”.

Also a scanned copy of the application duly signed (as per Annex 2) must be mailed. The Post / Courier AND email copy of the application must reach on or before 17:00hrs (IST) on May 24, 2019.

Please Note to affix your latest Photograph on the application and sign across it.
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Company Description
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
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