Reserve Bank of India invites proposals from financial market professionals with a strong track
record of operations and/or research in financial markets to be empanelled as Consultants. The
empanelled Consultants are expected to work in the following areas:
a) Study the inter-linkages between Currency Futures Market / Interest Rate Futures
Market and the Non-Deliverable Markets operating abroad.
b) Development of Term Money Market
c) Development of Corporate Bond Market
d) Development of an active secondary market for Government Securities.
e) Enhancing participation levels in the Interest Rate Swap Markets.
f) Any other area in the field of monetary / financial research.
The position will require persons with strong domain expertise in the area of financial
markets and should have been directly involved in market operations and/or market research for
a minimum period of 10 years. The candidates should have strong academic credentials
including a Ph.D. in a relevant field.
The Consultants will be appointed for a period of one year extendable by a further period of
one year depending upon the progress achieved and overall performance. During the period of
the Consultancy, the Consultant cannot be associated with institutions / organizations in any
capacity that poses a conflict of interest.
Interested candidates may submit their CV along with a brief work proposal within 15 days
from the date of publication of this advertisement to The Chief General Manager, Human
Resource Management Department, Reserve Bank of India, Central Office, 21st Floor,
Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. However, RBI
will be open to receiving proposals from interested candidates over time and these proposals
will be periodically reviewed by RBI for suitable appointments.
Period: The period of contract appointment will be initially for a period of one year from the
date he/she takes up the assignment. The contract may be extended by a further period of
one year depending upon the progress achieved and overall performance. The contract
will be terminable with a notice period of one month from either side.
2. Job responsibility: The Consultant will work in the following areas:
a) Study of inter-linkages between Currency Futures Market / Interest Rate Futures
Market and the Non-Deliverable Markets operating abroad.
b) Development of Term Money Market
c) Development of Corporate Bond Market
d) Development of active secondary market for Government Securities.
e) Enhancing participation levels in the Interest Rate Swap Markets.
f) Any other area in the field of monetary / financial research.
During the period of the Consultancy, the Consultant cannot be associated with
institutions/ organizations in any capacity that poses a conflict of interest.
3. Remuneration: He/She will receive, subject to tax, a consolidated remuneration of
` 2,40,000/- (Rupees two lakh forty thousand only) per month.
4. Leave facility:
(i) He / She will be entitled for Leave of 30 days per year on pro-rata basis; and
(ii) Any absence beyond the above period may be treated as leave without pay.
5. Housing Accommodation: During the period of the contract appointment, Bank will not
provide any residential accommodation.
6. Conduct, Discipline and Appeal: During the period of his/her contract appointment,
he/she will be governed by the provisions contained in Chapter IV of Reserve Bank of
India (Staff) Regulations, 1948.
7. Superannuation benefits: Services rendered by the Consultant during the period of
contract appointment will not entitle him/her for any superannuation benefits viz. Provident
Fund, Pension Gratuity etc.
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