RBI Lateral Recruitment

RBI Lateral Recruitment 2020 – The Reserve Bank is hiring Consultant, Specialist, Analyst on contract basis for 39 vacancies. Check eligibility, download notification and the online application start date have been postponed due to COVID-19.

RBI Lateral Recruitment 2020 – Analysts/Consultants/Specialist Vacancy 

RBI Recruitment 2020– The Reserve Bank of India has released a notification regarding Lateral Recruitment of Consultants/ Specialists/ Analyst for a total of 39 Vacancies on its official website rbi.org.in The online application for this recruitment process was to begin on 9 April 2020 and the last date to apply online for RBI Lateral Recruitment was 29 April 2020. But RBI has delayed the online application process due to COVID-19 outbreak. Candidates can check the official notification from the link given below:

RBI Lateral 2020 Recruitment Download Notification

The following is the official notice on the RBI’s website:

“Due to the prevailing conditions caused by the Novel Corona Virus (COVID-19), as a precautionary measure, the dates for Online Registration of Applications and Payment of Fees/Intimation Charges for ‘Lateral Recruitment of Consultants/ Specialists/ Analyst – On Contract basis’ which was scheduled from April 9 to April 29, 2020 is deferred till further orders. The fresh dates for the Online Registration of Applications will be informed to the candidates in due course of time on the Bank’s website. Candidates are advised to check regularly Bank’s website https://www.rbi.org.in for further details and updates.”

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Apply Online

The online application link for this lateral recruitment process by RBI will be relased later. Online application process has been delayed due to COVID-19 outbreak. The direct link to apply online will be updated below once activated on the official website:

(Link will be active once updated on official website)

RBI Lateral Recruitment 2020 Vacancies Detail

  1. Consultant – Applied Mathematics: 03 vacancies
  2. Consultant – Applied Economics: 03 vacancies
  3. Economist – Microeconomic Modelling: 01 vacancies
  4. Data Analyst/ MPD: 01 vacancies
  5. Data Analyst/ (DoS-DNBS) : 02 vacancies
  6. Data Analyst/ (DoR-DBR) : 02 vacancies
  7. Risk Analyst/ (DoS-DNBS) : 01 vacancies
  8. Risk Analyst/ (DEIO) : 02 vacancies
  9. IS Auditor: 02 vacancies
  10. Specialist in Forensic Audit: 01 vacancies
  11. Accounts Specialist: 01 vacancies
  12. System Administrator: 09 vacancies
  13. Project Administrator: 05 vacancies
  14. Network Administrator: 06 vacancies

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Eligibility

A candidate must fulfill the Age and Education Qualification criteria to be eligible to apply for a post in this recruitment process. Following are the details of the eligibility criteria of each post:

Age: (as on 01.03.2020):

Sr. No. Area/ Position Name of the Post Age Limit
1 Applied Mathematics Consultant – Applied Mathematics A candidate must have attained the age of 30 years and must not be above the age of 40 years as on the 1st of March 2020 i.e., he/she must have been born not earlier than 1st March 1980 and not later than 1st March 1990.
2 Applied Econometrics Consultant – Applied Econometrics
3 Macro Economics Modelling Economist -Macroeconomic Modelling
4 Data Analytics Data Analyst / MPD
5 Data Analytics Data Analyst / (DoS-DNBS)
6 Data Analytics Data Analyst / (DoR-DBR)
7 Risk Analyst Risk Analyst / (DoS- DNBS)
8 Risk Management Risk Analyst / (DEIO)
9 Information System (IS) Audit IS Auditor
10 Specialist in Forensic Audit Specialist in Forensic Audit
11 Chartered Accountant Accounts Specialist
12 Mainframe System Administrator/ Virtualised Environment Administrator/ Database Administrator System Administrator A candidate must have attained the age of 25 years and must not be above the age of 35 years as on the 1st of March 2020 i.e., he/she must have been born not earlier than 1st March 1985 and not later than 1st March 1995.
13 Application/ Middleware experts- Application Middleware Administrator for IBM MQ/ ORACLE Web Logic/ JBoss/ WAS Project Administrator
14 Network Experts Network Administrator

Educational qualifications and work experience (as on 01.03.2020):

Sr. No. Area/Position Name of the Post Essential Qualification/Experience (as on 01.03.2020)
(Including Probation/Training/Contractual Experience as an officer or equivalent grade)
1. Applied Mathematics Consultant – Applied Mathematics Essential Qualification – Post Graduate Degree in Mathematics / Applied Mathematics from a recognised Indian University / Institute or Foreign University / InstituteDesirable – Doctorate Degree (PhD) in the areas of Mathematics / Applied Mathematics from a recognised Indian University / Institute or Foreign University / Institute

Experience – Three years of working experience in the areas of Mathematics / Applied Mathematics, preferably in Banking / Financial Sector or experience in Academics and Research with a University

2. Applied Econometrics Consultant – Applied Econometrics Essential Qualification – Post Graduate Degree in Applied Econometrics / Statistics/Economics from a recognised Indian University / Institute or Foreign University / InstituteDesirable – Doctorate Degree(PhD) in the area of Econometrics / Applied Econometrics from a recognised Indian University / Institute or Foreign University / Institute

Experience – Three years of working experience in the areas of Applied Econometrics / Statistics / Economics, preferably in Banking / Financial Sector or experience in Academics and Research with a University.

3. Macro Economics Modelling Economist – Macroeconomic Modelling Essential Qualification – Post Graduate Degree in Economics / Economic Modelling / Macroeconomics / Econometrics / Development Macroeconomics/ Applied Statistics from a recognised Indian University / Institute or Foreign University / Institute.Desirable – Doctorate Degree (PhD) in the areas of Economics / Economic Modelling / Macroeconomics / Econometrics / Development Macroeconomics / Applied Statistics from a recognised Indian University / Institute or Foreign University / Institute.

Experience – Three years of experience in advanced econometric methods and ability to handle, process and analyze large time series datasets using packages such as Matlab , R, Eviews and familiarity with data and research of global bodies such as OECD, BIS, IMF and World Bank.

4. Data Analytics Data Analyst / MPD Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University /Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks / financial companies / financial services organizations / IT services companies with financial domain

5. Data Analytics Data Analyst / (DoS-DNBS) Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University/Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies / financial services organizations / IT services companies with financial domain.

6. Data Analytics Data Analyst / (DoR-DBR) Essential Qualification – Post Graduate Degree in Statistics / Econometrics / Mathematics / Mathematical Statistics / Finance / Economics / Computer Science or B E / B Tech in Computer Science from an Indian University/Institute recognized by Government bodies/ AICTE or a similar Foreign University /Institute.Desirable – Diploma in the area of Data Science, Data Analytics or Data Statistics psychology

Experience – Five years of experience in the area of Data Analytics, Data Science or Statistics/ Econometrics in commercial banks/ financial companies / financial services organizations / IT services companies with financial domain

7. Risk Analyst Risk Analyst / (DoS- DNBS) Essential Qualification – Post Graduate in Statistics / Applied Statistics / Economics / Finance / Management from a recognised Indian University / Institute or Foreign University / InstituteDesirable – FRM (GARP), PRM (PRMIA).

Experience – Five years of experience in risk modelling in areas of credit / market / liquidity risk in a Scheduled Commercial Bank or a Systemically Important NBFC or in a rating agency established at least 10 years back

8. Risk Management Risk Analyst/(DEIO) Essential Qualification – Post Graduate in Statistics / Applied Statistics / Economics / Finance / Management from a recognised Indian University / Institute or Foreign University / InstituteDesirable – FRM (GARP), PRM (PRMIA).

Experience – Five years of experience in commercial banks/ financial companies/financial services organisations with two years of experience in the area of Treasury Operations, Credit Risk

9. Information System (is) Audit IS Auditor Essential Qualification – BE / B Tech / M Tech in Computer Science/ IT / Electricals and Electronics or MCA with specialisation in Information Security / IT Risk Management/ Information Assurance / Cyber security and Digital Threat Management.Desirable – Professional certifications like CISA, CISSP, CISM, CEH

Experience – Five years of experience in Information Security in commercial banks/ financial companies / financial services organisations/ IT services companies / Telecom companies

10. Specialist in Forensic Audit Specialist in Forensic Audit Essential Qualification – CA /ICWA /MBA (Finance) / PGDMDesirable – Certification in Forensic Accounting and Fraud Detection

Experience – Five years of specialized work experience in the area of forensic Audit and being a part of forensic audit team in Central/State Government Undertaking or Departments.

11. Chartered Accountant Accounts Specialist Essential Qualification: – CA/ICWADesirable: – CFA(USA)/ CS /IFRS Certificate

Experience: – Five years of experience in commercial banks/ financial companies / financial services organisations with two years of experience in the area of Treasury Operations, Credit Risk.

12. Mainframe System Administrator/ Virtualised Environment Administrator/ Database Administrator System Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCA

Desirable Qualification – VCP, OCP, IBM z/Series Professional certification for respective positions

Essential Experience – Five years of experience (inclusive of probation/training, if any) in the areas of implementation, configuration, operations and maintenance of Mainframe (z/OS) / Virtualisation Management Software / ORACLE / DB2 in commercial banks / financial companies / financial services organisations / IT companies
13. Application/ Middleware experts- Application Middleware Administrator for IBM MQ/ ORACLE Web Logic/ JBoss/ WAS Project Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCA.Desirable Qualification – OEM Certified Professional in WAS, Web Logic, JBoss, IBM-MQ

Essential Experience – Five years of experience (inclusive of probation/training if any) in computer engineering, coding, interface establishment, script application, storage management, multiple operating systems (e.g. Windows, Unix, and Linux), and RDBMS systems, project management through all phases of a project lifecycle, knowledge of FISMA and respective security controls in commercial banks / financial companies / financial services organisations / IT companies

14. Network Experts Network Administrator Essential Qualification – BE / B Tech / M Tech in Computer Science / IT / Electricals and Electronics or MCADesirable Qualification – Certification in CCNA / CCNP / CCDP / CISSP or equivalent

Essential Experience – Five years of experience (inclusive of probation/training if any) in IT sector in handling large network and adequate knowledge of routing and switching protocol in commercial banks / financial companies / financial services organisations / IT companies

Note: Minimum passing percentage requirements

i) Wherever Post- Graduation is an essential qualification:

  1. For General category / OBC: – a minimum of 55 % marks and

  2. For SC/ST/PwBD (in case vacancies are reserved for them): -a minimum of 50 % marks in the post-graduate degree examination is required and

ii) Wherever Graduation is an essential qualification:

  1. For General / OBC category: – a minimum of 60 % marks and
  2. For SC/ST/PwBD category (in case vacancies are reserved for them): – a minimum of 50 % marks in the degree examination.

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Recruitment Process

The selection process will be done through preliminary screening / shortlisting by a Screening Committee followed by interview. Candidates shortlisted for Interview will be issued Interview Call letter through email and their candidature will be subject to submission and verification of documents submitted in support of their claim with regard to eligibility for age, category, qualification, experience, etc

RBI Recruitment 2020 for Consultant, Specialist, Analyst: Salary

As mentioned in the notification released by the RBI, “The consolidated sum of compensation payable for the above contract appointments will be in the range of ₹ 28.20 to ₹ 33.60 lakhs per annum (subject to tax).” Contract appointees will also get other benefits such as Travelling & Halting Allowances, Residential Accommodation, Sodexo Coupons, Mobile Phone facility etc.

Important Dates for RBI Lateral Recruitment 2020

  •  Start Date: 09/04/2020
  • Last Date: 29/04/2020
  • Last Date for Payment: 29/04/2020

Application Fee for RBI Lateral Recruitment 2020

  •  General/OBC: 600/-
  • SC/ST: 100/-
  • Pay through Internet Banking/ Debit Card/ Credit Card/ Cash Card or E Challan Mode.

How to Fill Form for RBI Lateral Vacancy 20202

  1. Candidates Can Apply for the Reserve Bank of India RBI Lateral Various Post Recruitment Online Form Between 09/04/2020 to 29/04/2020.
  2. Candidates must read the Notifications before filling the Application Form in Reserve Bank of India RBI Opportunity Section.
  3. Kindly Check All the Documents – Eligibility, ID Proof, Address Details, Basic Details.
  4. Kindly keep Scanned Documents Ready Related to Recruitment Form – Photo, Sign, ID Proof, Etc.
  5. Before Submitting the Application Form You Must Check the Preview and All Columns’ Carefully.
  6. Take A Print Out of Final Submitted Form.

Frequently Asked Questions

Q. How many vacancies are there for RBI Lateral Recruitment 2020?

A. There are a total of 39 vacancies for the recruitment of Consultant, Specialist, Analyst on a contractual basis.

Q. When does the online application starts for RBI Lateral Recruitment 2020?

A. RBI has postponed the online application process.

Q. What is the last date to apply online for RBI Lateral Recruitment 2020?

A. RBI has postponed the online application process.

Q. What is the salary package for RBI Lateral Recruitment 2020?

A. As mentioned in the notification salary will be in the range of ₹ 28.20 to ₹ 33.60 lakhs per annum (subject to tax).

Q. What is the recruitment process for RBI Lateral Recruitment 2020?

A. Candidates will be shortlisted by the RBI and then called for Interview.