Securities and Exchange Board of India (SEBI) is all set to recruit 120 officers to facilitate rapid and effective execution of regulatory work. Its present 800-strong workforce includes staff on deputation as well as on contract.
A public notice issued by SEBI invites applications from Indian citizens for the post of Grade A officers (assistant managers) in various streams—84 (general), 18 (legal), eight (information technology), five (civil engineering) and five (electrical engineering).
The recruitment will be made on the basis of a written exam followed by an interview. The interested candidates should not be more than 30 years old as on August 31, 2018.
Applicants shortlisted in Phase I will be called for Phase II, which will also entail an on-line exam comprising three papers. Those shortlisted in Phase II will be summoned for an Interview.
The exam in the first phase will test the applicants on general awareness, their knowledge of the English language, quantitative aptitude, reasoning ability and awareness of the securities market.
The online application link for hiring and a detailed ad in this regard will be released by SEBI on September 15.
Since its inception three decades ago by the Government, SEBI was vested with legal powers. The SEBI Act 1992 was brought in following the Harshad Mehta scam and authorises SEBI to protect the interests of investors in securities as well as promote and regulate the securities markets.
SEBI is responsible for regulating business in stock exchanges and other securities markets, registering and regulating 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.