Sebi calls for applications to hire 24 civil servants in the IT department
Capital markets regulator Sebi on Thursday invited applications from 24 senior managers in the information technology department. The recruitment drive would bolster the staff of the Securities and Exchange Board of India (Sebi) for faster and more efficient execution of its regulatory role. While inviting applications, Sebi warned candidates against falling prey to any unscrupulous element that might attempt to deceive them with false promises of getting jobs in the regulator, according to a public notice.
If a candidate comes across such an offer, it can be immediately brought to the attention of the regulator with all the details, such as the name and contact details, of the elements engaging in such a practice. In his notice, Sebi invited applications from Indian Citizens for the post of Grade A (Deputy Director) Officer in the Information Technology stream.
The market regulator had previously launched a call for applications for the recruitment of 120 Grade A Officers (Assistant Manager) in various sectors. Prior to that, in March 2020, the regulator solicited applications for 147 senior officials and around 1.4 lakh people applied for these positions. Applicants can apply for the positions through the online mode until July 31. The regulator will organize exams for the recruitment of these positions in August-September.
To apply for this position, candidates must have a Bachelor’s degree in Engineering in any discipline or a Bachelor’s degree in any discipline with a graduate degree in computer application or information technology. information from a recognized university or institute. Formed by the government in 1988, Sebi was given statutory powers after the Sebi Act was passed in 1992 after the Harshad Mehta scam hit the Indian markets.
According to its preamble, Sebi has a mandate to protect the interests of securities investors and to promote and regulate the securities markets. It regulates the activities of stock exchanges and other securities markets, registers and regulates various market intermediaries, including brokers, merchant bankers, registrars, portfolio managers and investment advisers , as well as foreign portfolio investors, credit rating agencies, mutual funds and venture capital funds. In addition, Sebi is mandated to verify fraudulent and unfair trading practices, insider trading and other manipulation activities.