Qualification in Details:
A. Recruitment of Chief General Manager(Officer Grade F) on Direct Recruitment / Deputation / Contract basis:
1. The Government of India has recently set up the International Financial Services Centres Authority (IFSCA), which is a statutory body under IFSCA Act, 2019. The Authority will function as a unified regulator and is empowered to exercise the powers of RBI, SEBI, IRDAI and PFRDA in respect of financial services, financial products and financial institutions performed/located in the international financial services centres in the country. IFSCA invites applications from Indian citizens for the post of Chief General Manager on Direct Recruitment / Deputation / Contract basis.
B. Pay and Allowances:
2. Scale of Pay: As admissible to Chief General Manager (CGM), IFSCA. The present applicable scale of pay for Chief General Manager is Rs. 101900-3000(4)-113900(5 years). Monthly gross emoluments at the minimum of pay scale work out to approximately Rs 3.25 lakh plus service benefits as applicable.
3. Benefits: Other benefit includes Leave Travel Concession, Medical Benefits and insurance, House Rent Allowance, Conveyance expenses, Telephone/mobile/broadband/internet expenses, Financial Dailies, Staff Furnishing Scheme, Household help, Children Education allowance, Equipment maintenance allowance, Official entertainment allowance and Scheme for purchase of computer, etc.
C. ON DIRECT RECRUITMENT / CONTRACT BASIS: Must possess minimum 18 years of experience in the fields of financial products, financial services and financial institutions with the following qualifications.
(i) Master’s Degree with specialization in Statistics / Economics / Commerce / Business Administration (Finance) / Econometrics.
(ii) Bachelor’s Degree information technology/ computer science)/ Masters in Computers Application/ information technology.
(iii) Bachelor’s Degree in Commerce with CA, CFA, CS, ICWA.
(iv) Bachelor’s Degree in Law Term of Appointment on Contract basis: Candidates selected for appointment on contract basis will be appointed for a maximum period of five years subject to periodic performance review, on suitable terms and conditions.
D. Direct Recruitment basis: As per Rule 6 (4) (a) and (b) of IFSCA employees’ service regulations read with Recruitment Rules which provides for Direct Recruitment at higher grade in special circumstances, where no suitable candidate is available or the exigencies of work require
E. The candidates appointed on Deputation basis would have the option to draw pay and allowances as admissible to him/her in the parent organization or the scale of pay as admissible in IFSCA
F. Experience as on October 31, 2020: Candidate must possess not less than 17 years of experience for Officer Grade F (Chief General Manager) in All-India Service/ Central Civil Service as Group A officer or equivalent experience in RBI, SEBI, IRDAI, PFRDA Banks, Financial Institutions, academic Institutions and other regulatory bodies, Central/State Statutory /Autonomous/Subordinate Authorities. The experience shall be in dealing with the activities relating to securities market, Insurance, Banking, Pension, financial products and financial services, special knowledge / experience of law, investigation, finance, Economics, Accountancy, IT and Administration.
G. Term of appointment on Deputation: The appointment for the post will be on deputation basis for a period of three years. The candidates applying for the post of Chief General Manager on deputation basis should route their applications through their employer. Candidates applying on Deputation basis should also furnish Vigilance Clearance (major / minor penalties, if any, imposed during last 10 years), Cadre Clearance and Annual Confidential Reports for last 5 years along with the application. Incomplete applications will not be considered. In case non-receipt of the abovementioned documents on or before the date of interview, the application shall be summarily rejected.
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