Reserve Bank of India (RBI) hiring for Director
Company :
Reserve Bank of India (RBI)
Website :
Job Role :
Director
Eligibility :
PhD Degree
Experience :
Experienced
Job Location :
Mumbai
Last Date :
24 May 2019

Company Profile:

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.

Educational Qualification (as on 01/05/2019):

Minimum: Doctorate degree (PhD) on topics of Statistics, Econometrics, Computer Science, Mathematics, Mathematical Statistics, Data Science and Big Data, Finance or Economics from an Indian University recognized by Government bodies/ AICTE or a similar Foreign University /Institute.

Desirable: Full-time diploma in the area of Data Science, Data Analytics or Data Statistics from an Indian University recognized by Government bodies / AICTE or a similar Foreign University / Institute.

Experience (As on 01/05/2019):

At least fifteen years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ large financial companies / financial services organizations / large IT services companies with financial domain including five years of managerial or supervisory experience as Director or fifteen years of experience in Academics and Research in a reputed University in the areas of Finance, Banking or Monetary Policy.

Age Limit (As on 01/05/2019):

Age of the candidate should not be more than 57 years.

Responsibilities:

Building and leading a Data Sciences team with an optimal mix of individuals which may include data analysts, statisticians, econometricians, mathematicians, business analysts, data engineers, data scientists, data visualizers, finance and economics graduates, etc. with varied skill sets as well as officers from the Bank with experience in the area of regulation and supervision, financial markets and financial stability, monetary policy and research etc.
Installing and managing a robust data infrastructure to support the Data Sciences Lab.
Data Management and Validation : Handle both structured and unstructured data using Hadoop or similar technologies; identify relevant and available data from internal and external sources; join, explore and examine data from multiple disparate sources and formats; integrate and process data with distributed systems; process large volumes of unstructured or formless data and bring it into a form in which it can be analyzed and deal with data imperfections such as missing values, outliers, inconsistent formatting, etc.; design and manage data quality and validation using automation and best practices.
Using the latest techniques in Big Data, Machine Learning and related fields, and exploiting novel datasets, to answer questions of importance in, inter alia, macroeconomic, finance, banking and related topics of interest to Reserve Bank.
Use of data analytical tools with the support of statistical theories and techniques commonly used in forecasting and optimization models and provide inputs to the Top Management / departments for decision making related to policy formulation.
To employ relevant data and apply the right filters for improving forecasting, nowcasting, surveillance and early-warning detection abilities in the Bank so as to aid policy formulation in critical areas such as inflation management, currency management, debt management, reserves management, banking regulation and supervision, financial inclusion, financial market intelligence and analysis, and overall financial stability.
Develop innovative and progressive analytics strategies and tools to provide solutions to specific analytic problems and support specific research objectives as per requirement and need of Top Management.
Liaising with various departments at the Reserve Bank to understand their specific research interests and questions that are appropriate for Data Sciences Lab, provide solutions and answers in a partnership with these departments, and disseminate research findings when of public interest.

How to Apply:

The filled in application and all other documents should be sent by post /courier to “The General Manager, Reserve Bank of India Services Board, 3rd Floor, RBI Building, Opp. Mumbai Central Railway Station (East), Byculla, Mumbai - 400008.

Also a scanned copy of the application duly signed (as per Annex 2) must be mailed. The Post / Courier AND email copy of the application must reach on or before 17:00hrs (IST) on May 24,2019.