The Reserve Bank of India (RBI) may soon appoint a chief financial officer, in the rank of an executive director, to handle, among other things, its accounts, taxation, and budget. Those with the necessary qualifications in CA/ ICWA/ MBA Finance with minimum 15 years' experience in overseeing financial operations in domestic or foreign organizations in comparable positions are invited to apply.
The eligibility criteria, as published, also stipulates that the candidate should be below 57 years of age. Only in exceptional cases, those above that age may be considered.
The job profile includes: being responsible for accurate and timely presentation and reporting of financial information of the RBI; establish accounting policies and procedures wherever required; compliance with financial regulations and standards wherever applicable; communicate both the Bank's expected and actual financial performance; overseeing the budget process, collecting of inputs and comparing the Bank's actual performance vis-à-vis the budget estimates; and flagging risks to the finances - operational, market, and so on - and developing strategies to counter/mitigate the same.
Candidates will have the option of choosing between regular appointment on the pay-scales of the RBI or contractual appointments on a cost-to-company basis.
For the regular appointment (on a permanent basis) on pay-scales of the Bank, the selected candidate's gross emoluments will be Rs2,57,840 per month. Other perks available to the post of Executive Director - such as Bank's accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for the furnishing of residence, and so on - will be as per eligibility.
RBI looking to appoint a CFO
By IndianMandarins - 2017-10-20 11:05:01
The Reserve Bank of India (RBI) may soon appoint a chief financial officer, in the rank of an executive director, to handle, among other things, its accounts, taxation, and budget. Those with the necessary qualifications in CA/ ICWA/ MBA Finance with minimum 15 years' experience in overseeing financial operations in domestic or foreign organizations in comparable positions are invited to apply.
The eligibility criteria, as published, also stipulates that the candidate should be below 57 years of age. Only in exceptional cases, those above that age may be considered.
The job profile includes: being responsible for accurate and timely presentation and reporting of financial information of the RBI; establish accounting policies and procedures wherever required; compliance with financial regulations and standards wherever applicable; communicate both the Bank's expected and actual financial performance; overseeing the budget process, collecting of inputs and comparing the Bank's actual performance vis-à-vis the budget estimates; and flagging risks to the finances - operational, market, and so on - and developing strategies to counter/mitigate the same.
Candidates will have the option of choosing between regular appointment on the pay-scales of the RBI or contractual appointments on a cost-to-company basis.
For the regular appointment (on a permanent basis) on pay-scales of the Bank, the selected candidate's gross emoluments will be Rs2,57,840 per month. Other perks available to the post of Executive Director - such as Bank's accommodation subject to availability, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, telephone charges, book grant, allowance for the furnishing of residence, and so on - will be as per eligibility.
