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RBI Recruitment 2017 for Chief Financial Officer (CFO) Posts


RBI Recruitment

RBI announces vacancy for Chief Financial Officer Post 2017

Reserve Bank of India (RBI) invites application for the post of Chief Financial Officer (CFO) on contract basis. Apply before 30th October 2017
Other details like age limit, educational qualification, selection process, application fee, and how to apply are given below
Organization Name: Reserve Bank of India
Posts Name: Chief Financial Officer (CFO)
Total No. of Post: 01
Posting Place: Mumbai (Maharashtra)

Eligibility Criteria

Age Criteria (as on 01st Oct. 2017)
The applicant should be below 57 years of age. Candidates above 57 years of age can also be considered in exceptional cases. However, in case of such candidate, the appointment can be on contract basis only
Qualifications (as on 01st Oct. 2017)
Essential: He/she should be a qualified Chartered Accountant/Cost Accountant/MBA (Finance). Applicants with qualification equivalent to Chartered Accountant/Cost Accountant/MBA (Finance) from foreign universities can also apply
Desirable: Additional Degrees viz. CFA/Certificate in Financial Risk Management from internationally acclaimed University/Associations like GARP
Experience: A minimum of 15 years in overseeing financial operations in domestic / foreign Banks /FIs /reputable financial companies/financial services organizations/reputed public or private corporates post acquiring Chartered Accountant / Cost Accountant/MBA (Finance) qualification of which a minimum of 5 years should be as a full time Chief Financial Officer or Deputy to Chief Financial Officer or an equivalent position in a regular capacity – and not in a contractual /adhoc capacity
Staff Candidates: Staff candidates with the prescribed qualifications currently working as Chief General Manager, or, as General Manager with five years’ experience in the grade are eligible to apply
Compensation for the Post:
a. For regular appointment (on permanent basis) on Pay Scales of the Bank
Selected Candidate will draw a starting basic pay of Rs.120500/ p.m. in the scale of Rs.120500 – 3500 (2) – Rs.127500 (3 years) applicable for the post of Executive Director
The selected candidate will also be eligible for Dearness Allowance, House Allowance, Special Allowance and Local Compensatory Allowance and JAIIB / CAIIB Allowance as per rules in force from time to time
The Gross monthly emoluments for the post will be Rs.257840 (Approx.)
The selected candidate will be eligible for all the perquisites as available to the post of Executive Director. Perquisites for the post of Executive Director include: 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
b. For Contract Appointment on Cost to Company (CTC) basis
The cost per month works out as Rs.200,000/ per month with housing and Rs.4,00,000/ per month without housing (due for revision). An annual increase @ 3% to 5% of Gross CTC or the regular revision of CTC itself as applicable, may be given
Besides the advertised remuneration, no other money /allowance/benefits would be payable. However, facility of the Lounge and Dispensary at the office will be allowed
The appointee will be governed by “Code of Conduct”
Selection Procedure
Selection will be through interview only. A preliminary screening of the applications may be carried out for making, if necessary, a short-list of eligible candidates to be called for the interview
While short listing candidates the Board may apply a criteria which may consider additional qualifications, greater experience and level of responsibilities handled. Hence, merely fulfilling the minimum requirements laid down for the post would not automatically entitle any candidate for interview
The place and date of interview will be advised to the short-listed candidates in due course
Reservation for PWD: There is no reservation for persons with Disabilities (PWD). However, following categories of PWD candidates are eligible to apply as General candidates without any concession except for age relaxation of maximum 10 years
(i) OH candidates: OA- One arm affected (Right or Left); BL- Both Legs affected but not arms; OL- One leg affected (Right or Left), (ii) HI candidates: PD-Partially Deaf; D-Deaf (iii) VH- candidates; B- Blind; LV – Low Vision
PWD candidates should possess a suitable certificate to this effect issued by an authorized Govt. of India/ State Government Department/ Hospital



Candidates applying for the post must submit their application by post/courier to “The General Manager, Reserve Bank of India Services Board, IIIrd Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai-400008” in the prescribed format (as given below in this advertisement)
A recent photograph is to be pasted at the appropriate place and application should be signed by the candidate. Incomplete and illegible applications will be rejected
The cover containing the application should be super scribed with the name of the post applied for i.e. ‘APPLICATION FOR THE POST OF CHIEF FINANCIAL OFFICER- OCTOBER-2017’
The following documents should be submitted along with the application: (a) Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DoB); (b) Copy of Certificates and Mark sheets in respect of qualifications acquired; (c) Appropriate document(s) in support of experience; (d) PWD candidates should possess a suitable certificate to this effect issued by an authorised Govt. of India/State Govt. Dept. Hospital
Application Fee – There is no application fee
Detailed Advertisement & Application form Link: Click Here

Important Dates

Last Date to submit the Application Form: 30th October 2017 (05.00 pm)


Reserve Bank of India (RBI) Mumbai

The General Manager, Reserve Bank of India Services Board, IIIrd Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai-400008 (Maharashtra), Website www.rbi.org.in
For any query,  candidates are requested to check the official website  .
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