SEBI To Recruit 97 Individuals For Officer Level Positions

It noted that it is looking for 62 individuals in the General stream, 24 in information technology, 5 in legal team, and 2 each in engineering electrical, research, and official language departments

The Securities and Exchange Board of India began the recruitment process for officers in various departments this year. The markets watchdog will be recruiting 97 officers in multiple departments to help swifter and efficient execution of its regulatory role. 

The development follows after SEBI extended invitations for applications for 25 senior-level posts in the legal department earlier last year in June, reported PTI.

Earlier this month, the capital markets watchdog called for applications from Indian citizens to fill the position of Officer Grade A (Assistant Manager) for general, legal, information technology, engineering electrical, research, and official language departments. 

The watchdog informed that it is looking for 62 individuals in the General stream, 24 in information technology, 5 in its legal team, and 2 each in engineering electrical, research, and official language departments. 

The selection will be conducted in three phases, with Phase I including an online examination comprising 2 papers. The applicants shortlisted in Phase I will further go on to appear for Phase II, which will also include online examinations made up of 2 papers. 

After shortlisting candidates in Phase II, they will be called for an interview, the regulator informed. Notably, SEBI has been increasing its headcount in the recent years.

Earlier in July 2022, it called for applications for 24 senior-level executive positions in the information technology department. In January 2021, the regulator called for applications for 120 Officer Grade A (Assistant Manager) positions in various streams. 

In March 2020, SEBI sought applications for 147 senior-level officials, and received applications from about 1.4 lakh people.

SEBI was formed in 1988 and was given statutory powers after the SEBI Act was passed in 1992 in the aftermath of the Harshad Mehta scam. The regulator is mandated to guard investors’ interests in securities and boost and regulate the securities market.