It is our belief that aspirations of the organization have to be aligned with the ambitions of its employees. Hence, SEBI, from time to time, conducts an elaborate review of the opportunities for career progression at various levels in the organization.
Currently, the maximum age limit for a general category candidate to apply for the post of Officer in Grade 'A' in SEBI is 30 years. Appropriate relaxation is provided to candidates belonging to various categories as per applicable Government Rules and Regulations.
b. Educational Qualification:
Currently, the eligibility criteria for recruitment of Grade 'A' officers in SEBI for various streams is as follows:-
i. General Stream: Master's Degree in in any discipline, Bachelor's Degree in Law, Bachelor's Degree in Engineering from a recognized university, CA / CFA / CS / ICWA
ii. Legal Stream: Bachelor's Degree in Law from a recognized University / Institute.
iii. Information Technology Stream: Bachelor's Degree in Engineering (Electrical / Electronics / Electronics And Communication / Information Technology / Computer Science) OR Masters in Computers Application OR Bachelor's Degree in any discipline with a post graduate qualification (minimum 2 years duration) in Computers / Information Technology
iv. Engineering Stream (Civil): Bachelor's Degree in Civil Engineering
v. Engineering Stream (Electrical): Bachelor's Degree in Electrical Engineering
vi. Official Language Stream: : Master's Degree in Hindi with English as one of the subjects at Bachelor’s Degree level or Master's Degree in Sanskrit / English / Economics / Commerce with Hindi as a subject at Bachelor's Degree level.
vii. Research Stream: Master's Degree in Statistics / Economics / Commerce / Business Administration (Finance) / Econometrics
2. Career Progression
Officers are classified as Grade A to Grade F (i.e. A : Assistant Manager, B : Manager, C : Assistant General Manager, D : Deputy General Manager, E : General Manager, F : Chief General Manager) in SEBI. An officer in a particular Grade becomes eligible for promotion to next higher Grade on completion of minimum stipulated years of service in that Grade. Promotion up to the post of Assistant General Manager is non-vacancy based and subsequent promotions are vacancy based. Officers in Grade F can rise up to the post of Executive Director. Positions above Executive Director (i.e Whole Time Member and Chairman) are filled by the Government of India, on contractual basis.
3. Job Profile
As per the transfer and placement policy of SEBI, employees may be posted to different departments / offices and assigned work on areas ranging from policy formulation to intermediary registration, inspection, supervision, investigation, adjudication, etc. The job profile of an employee is also dependent upon the stream opted at the time of recruitment.
4. Examination Pattern
The recruitment process has three phases: first phase is a screening exam and second phase is the main exam, followed by an interview. Candidates who clear the cut-offs in Phase I appear for Phase II and candidates who clear the cut-offs in Phase II are shortlisted for the Interview. The number of candidates shortlisted for interviews is based on the available vacancies
5. Pay, Allowances & Other Benefits
In order to attract and retain best talent, SEBI offers an attractive remuneration package to its officers in order to retain best talent. The current pre-revised CTC offered to Grade A officers is more than 17 Lacs per annum which includes various benefits like Leave Fare Concession, Conveyance Expenses, Medical Expenses, Eye Refraction, Insurance, Medical Benefits, Financial Dailies, Book Grant, Briefcase, House Cleaning Allowance, Subsidized Lunch Facility, Staff Furnishing Scheme, Scheme for Purchasing Computers, Scheme for acquiring Professional Qualifications & Certifications, Accommodation/ Housing Allowance, Gratuity etc.
As per the transfer and placement policy of SEBI, an officer may be posted to Head Office or any of the Regional or Local Offices of SEBI, subject to administrative convenience/constraints and to ensure that competent employees are placed in key Page 4 of 7 positions to meet the organizational objectives. The tenure of service in Head Office, Mumbai is generally longer compared to that in Regional/Local Offices. Postings of the employees are done with the objective of augmenting human resources by providing wider departmental and regional/local office exposure to most of the officers so that they can gain all round experience and knowledge. The posting of an employee is also dependent upon the stream opted for at the time of recruitment.
7. Training & Development
In order to enhance and update the knowledge of employees to enable them to discharge their duties and responsibilities effectively for increasing the efficiently of the organization, Training and Development assumes a critical position in SEBI. For this purpose, staff members across all grades are nominated for various domestic training programs. Further, staff members are also nominated for various foreign trainings / seminars / workshops / study tours / programmes to impart a proper understanding of international best practices on various aspects of securities markets. Moreover, SEBI is also an active member of the International Organization of Securities Commissions (IOSCO) and is represented on many of its committees and sub-committees. Employees of the Board are provided with the opportunities to undertake fellowships at various institutions in order to upgrade their skills and stay abreast with the latest developments.
While working in SEBI, you may also avail of opportunities to go on deputation to various other domestic regulatory bodies, Government departments, foreign regulatory bodies, multilateral organizations and other organizations relevant to financial market. Upon completion of the deputation, employees are required to report back to SEBI without losing their seniority.