RBI Recruitment 2020 for 39 Consultant, Specialist, Analyst Posts: Online Application to Start on 3rd August

RBI Recruitment 2020- The Reserve Bank is hiring Consultant, Specialist, Analyst on contract basis for 39 vacancies. Check eligibility, download notification and the online application to start from August 3, 2020.

| Updated On July 27th, 2020 at 10:40 am

RBI Recruitment 2020– The Reserve Bank of India will commence the Online Registration for the Lateral Recruitment of Consultants/ Specialists/ Analyst on its official website rbi.org.in from August 03, 2020. Eligible candidates can apply for 39 vacancies of RBI Recruitment till 22 August 2020, 6 PM. Previously the RBI Lateral Recruitment Apply Online Link was scheduled to be activates from 9 April to 29 April 2020 but got delayed due to COVID-19. Check the official notice given by RBI below.

RBI Lateral Recruitment 2020- Official Notice PDF

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RBI Lateral Recruitment 2020- Online Application Start Date Delayed

The following is the official notice on the RBI’s website:

Please refer to our notice dated April 01, 2020, for deferment of dates for Online Registration of Applications and Payment of Fees / Intimation Charges for Lateral Recruitment of Consultants / Specialists / Analyst – On Contract basis. Consequent, to relaxations in the lockdown conditions, it has now been decided that the Online Registration of Applications and Payment of Fees / Intimation Charges will commence from August 03, 2020 and the Online Applications can be filled on www.rbi.org.in up to August 22, 2020 till 6:00 PM only.

All the other conditions and eligibility mentioned in Advertisement No. 3A/2019-20 dated March 27, 2020 will remain unchanged.

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Apply Online

The online application link for this lateral recruitment process by RBI will be released later. Online application process has been delayed due to COVID-19 outbreak. The direct link to apply online will be updated below once activated on the official website:

(Link will be active once updated on official website)

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Vacancies

The Reserve Bank of India has released a total of 39 vacancies for this recruitment process of Consultant, Specialist, Analyst on contractual basis. The following are complete details of vacancies released for various posts:

Sr. No Area/ Position Name of the Post No. of Vacancies*
GEN
(UR)
SC ST OBC$ Total
1 Applied Mathematics Consultant – Applied Mathematics 3 3
2 Applied Econometrics Consultant – Applied Econometrics 3 3
3 Macro Economics Modelling Economist -Macroeconomic Modelling 1 1
4 Data Analytics Data Analyst / MPD 1 1
5 Data Analytics Data Analyst / (DoS-DNBS) 2 2
6 Data Analytics Data Analyst / (DoR-DBR) 2 2
7 Risk Analyst Risk Analyst / (DoS- DNBS) 1 1
8 Risk Management Risk Analyst / (DEIO) 2 2
9 Information System (IS) Audit IS Auditor 2 2
10 Specialist in Forensic Audit Specialist in Forensic Audit 1 1
11 Chartered Accountant Accounts Specialist 1 1
12 Mainframe System Administrator/ Virtualised Environment Administrator/ Database Administrator System Administrator 6 1 2 9
13 Application/ Middleware experts- Application Middleware Administrator for IBM MQ/ ORACLE Web Logic/ JBoss/ WAS Project Administrator 4 1 5
14 Network Experts Network Administrator 5 1 6
Total 34 1 4 39
* UR-Unreserved, SC- Scheduled Caste, ST-Scheduled Tribe and OBC-Other Backward Classes.
$ Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. They should indicate their category as ‘General (GEN)’.

RBI has mentioned that candidates may note that they can apply ONLY for any one of the above post as per the job profile suitability mentioned.

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Eligibility

A candidate must fulfill the Age and Education Qualification criteria to be eligible to apply for a post in this recruitment process. Following are the details of the eligibility criteria of each post:

Age: (as on 01.03.2020):

Sr. No. Area/ Position Name of the Post Age Limit
1 Applied Mathematics Consultant – Applied Mathematics A candidate must have attained the age of 30 years and must not be above the age of 40 years as on the 1st of March 2020 i.e., he/she must have been born not earlier than 1st March 1980 and not later than 1st March 1990.
2 Applied Econometrics Consultant – Applied Econometrics
3 Macro Economics Modelling Economist -Macroeconomic Modelling
4 Data Analytics Data Analyst / MPD
5 Data Analytics Data Analyst / (DoS-DNBS)
6 Data Analytics Data Analyst / (DoR-DBR)
7 Risk Analyst Risk Analyst / (DoS- DNBS)
8 Risk Management Risk Analyst / (DEIO)
9 Information System (IS) Audit IS Auditor
10 Specialist in Forensic Audit Specialist in Forensic Audit
11 Chartered Accountant Accounts Specialist
12 Mainframe System Administrator/ Virtualised Environment Administrator/ Database Administrator System Administrator A candidate must have attained the age of 25 years and must not be above the age of 35 years as on the 1st of March 2020 i.e., he/she must have been born not earlier than 1st March 1985 and not later than 1st March 1995.
13 Application/ Middleware experts- Application Middleware Administrator for IBM MQ/ ORACLE Web Logic/ JBoss/ WAS Project Administrator
14 Network Experts Network Administrator

Educational qualifications and work experience (as on 01.03.2020):

Sr. No. Area/Position Name of the Post Essential Qualification/Experience (as on 01.03.2020)
(Including Probation/Training/Contractual Experience as an officer or equivalent grade)
1. Applied Mathematics Consultant – Applied Mathematics Essential Qualification – Post Graduate Degree in Mathematics / Applied Mathematics from a recognised Indian University / Institute or Foreign University / Institute

Desirable – Doctorate Degree (PhD) in the areas of Mathematics / Applied Mathematics from a recognised Indian University / Institute or Foreign University / Institute

Experience – Three years of working experience in the areas of Mathematics / Applied Mathematics, preferably in Banking / Financial Sector or experience in Academics and Research with a University

2. Applied Econometrics Consultant – Applied Econometrics Essential Qualification – Post Graduate Degree in Applied Econometrics / Statistics/Economics from a recognised Indian University / Institute or Foreign University / Institute

Desirable – Doctorate Degree(PhD) in the area of Econometrics / Applied Econometrics from a recognised Indian University / Institute or Foreign University / Institute

Experience – Three years of working experience in the areas of Applied Econometrics / Statistics / Economics, preferably in Banking / Financial Sector or experience in Academics and Research with a University.

3. Macro Economics Modelling Economist – Macroeconomic Modelling Essential Qualification – Post Graduate Degree in Economics / Economic Modelling / Macroeconomics / Econometrics / Development Macroeconomics/ Applied Statistics from a recognised Indian University / Institute or Foreign University / Institute.

Desirable – Doctorate Degree (PhD) in the areas of Economics / Economic Modelling / Macroeconomics / Econometrics / Development Macroeconomics / Applied Statistics from a recognised Indian University / Institute or Foreign University / Institute.

Experience – Three years of experience in advanced econometric methods and ability to handle, process and analyze large time series datasets using packages such as Matlab , R, Eviews and familiarity with data and research of global bodies such as OECD, BIS, IMF and World Bank.

4. Data Analytics Data Analyst / MPD Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University /Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.

Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks / financial companies / financial services organizations / IT services companies with financial domain

5. Data Analytics Data Analyst / (DoS-DNBS) Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University/Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.

Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies / financial services organizations / IT services companies with financial domain.

6. Data Analytics Data Analyst / (DoR-DBR) Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University/Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.

Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies / financial services organizations / IT services companies with financial domain

7. Risk Analyst Risk Analyst / (DoS- DNBS) Essential Qualification – Post Graduate in Statistics / Applied Statistics / Economics / Finance / Management from a recognised Indian University / Institute or Foreign University / Institute

Desirable – FRM (GARP), PRM (PRMIA).

Experience – Five years of experience in risk modelling in areas of credit / market / liquidity risk in a Scheduled Commercial Bank or a Systemically Important NBFC or in a rating agency established at least 10 years back

8. Risk Management Risk Analyst/(DEIO) Essential Qualification – Post Graduate in Statistics / Applied Statistics / Economics / Finance / Management from a recognised Indian University / Institute or Foreign University / Institute

Desirable – FRM (GARP), PRM (PRMIA).

Experience – Five years of experience in commercial banks/ financial companies/financial services organisations with two years of experience in the area of Treasury Operations, Credit Risk

9. Information System (is) Audit IS Auditor Essential Qualification – BE / B Tech / M Tech in Computer Science/ IT / Electricals and Electronics or MCA with specialisation in Information Security / IT Risk Management/ Information Assurance / Cyber security and Digital Threat Management.

Desirable – Professional certifications like CISA, CISSP, CISM, CEH

Experience – Five years of experience in Information Security in commercial banks/ financial companies / financial services organisations/ IT services companies / Telecom companies

10. Specialist in Forensic Audit Specialist in Forensic Audit Essential Qualification – CA /ICWA /MBA (Finance) / PGDM

Desirable – Certification in Forensic Accounting and Fraud Detection

Experience – Five years of specialized work experience in the area of forensic Audit and being a part of forensic audit team in Central/State Government Undertaking or Departments.

11. Chartered Accountant Accounts Specialist Essential Qualification: – CA/ICWA

Desirable: – CFA(USA)/ CS /IFRS Certificate

Experience: – Five years of experience in commercial banks/ financial companies / financial services organisations with two years of experience in the area of Treasury Operations, Credit Risk.

12. Mainframe System Administrator/ Virtualised Environment Administrator/ Database Administrator System Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCA

Desirable Qualification – VCP, OCP, IBM z/Series Professional certification for respective positions

Essential Experience – Five years of experience (inclusive of probation/training, if any) in the areas of implementation, configuration, operations and maintenance of Mainframe (z/OS) / Virtualisation Management Software / ORACLE / DB2 in commercial banks / financial companies / financial services organisations / IT companies
13. Application/ Middleware experts- Application Middleware Administrator for IBM MQ/ ORACLE Web Logic/ JBoss/ WAS Project Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCA.

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

Essential Experience – Five years of experience (inclusive of probation/training if any) in computer engineering, coding, interface establishment, script application, storage management, multiple operating systems (e.g. Windows, Unix, and Linux), and RDBMS systems, project management through all phases of a project lifecycle, knowledge of FISMA and respective security controls in commercial banks / financial companies / financial services organisations / IT companies

14. Network Experts Network Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCA

Desirable Qualification – Certification in CCNA / CCNP / CCDP / CISSP or equivalent

Essential Experience – Five years of experience (inclusive of probation/training if any) in IT sector in handling large network and adequate knowledge of routing and switching protocol in commercial banks / financial companies / financial services organisations / IT companies

Note: Minimum passing percentage requirements

i) Wherever Post- Graduation is an essential qualification:

  1. For General category / OBC: – a minimum of 55 % marks and

  2. For SC/ST/PwBD (in case vacancies are reserved for them): -a minimum of 50 % marks in the post-graduate degree examination is required and

ii) Wherever Graduation is an essential qualification:

  1. For General / OBC category: – a minimum of 60 % marks and
  2. For SC/ST/PwBD category (in case vacancies are reserved for them): – a minimum of 50 % marks in the degree examination.

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Application Fees

The following is the application fee structure mentioned in the official notification:

Sr. No. Category Charges Amount*
1. SC /ST / PwBD-SC / PwBD-ST Intimation Charges only Rs.100/-
2. GEN/OBC/PwBD-Gen/OBC Application fee including intimation charges Rs.600/-
3. STAFF@ Nil Nil

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Recruitment Process

The selection process will be done through preliminary screening / shortlisting by a Screening Committee followed by interview. Candidates shortlisted for Interview will be issued Interview Call letter through email and their candidature will be subject to submission and verification of documents submitted in support of their claim with regard to eligibility for age, category, qualification, experience, etc

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Salary

As mentioned in the notification released by the RBI, “The consolidated sum of compensation payable for the above contract appointments will be in the range of ₹ 28.20 to ₹ 33.60 lakhs per annum (subject to tax).” Contract appointees will also get other benefits such as Travelling & Halting Allowances, Residential Accommodation, Sodexo Coupons, Mobile Phone facility etc

Frequently Asked Questions

Q. How many vacancies are there for RBI Lateral Recruitment 2020?

A. There are a total of 39 vacancies for the recruitment of Consultant, Specialist, Analyst on contractual basis

Q. When does the online application starts for RBI Lateral Recruitment 2020?

A. 3rd August 2020 is the start date for online application for RBI Lateral Recruitment

Q. What is the last date to apply online for RBI Lateral Recruitment 2020?

A. 22 August 2020, 6PM

Q. What is the salary package for RBI Lateral Recruitment 2020?

A. As mentioned in the notification salary will be in the range of ₹ 28.20 to ₹ 33.60 lakhs per annum (subject to tax).

Q. What is the recruitment process for RBI Lateral Recruitment 2020?

A. Candidates will be shortlisted by the RBI and then called for Interview.