Wanted: A CFO For The Reserve Bank Of India

The Reserve Bank of India (RBI) is on the lookout for a chief financial officer (CFO) to help with the “accurate and timely presentation and reporting of financial information of the Bank”.

In an advertisement put out on Monday, applications were sought from experienced professionals who can help run the central bank’s accounts. The key job responsibilities for such a professional would include communicating the bank’s expected and actual financial performance and overseeing the budget process. The CFO would also ensure compliance with financial regulations and flag off any risks to the central bank’s finances, said the advertisement.

While most of the RBI’s staff are central bank lifers, the organisation does seek external expertise every now and then. One of the four deputy governors, for instance, is an experienced banker. In addition, during former governor Raghuram Rajan’s tenure, external candidates were also brought into the research department.

For the post of CFO, the RBI is looking for candidates between 45 and 55 years of age who are qualified as chartered accountants. The central bank is seeking professionals who have a minimum of 15 years experience in overseeing the financial operations of banks or financial institutions.

Apart from external candidates, staff candidates currently working as chief general manager, or as general manager with five years’ experience are eligible to apply, the central bank added.

What does the job pay? A starting basic salary of Rs 1,20,500 per month along with dearness, house and special allowances.

The CFO, however, will not be eligible for being considered for any career progression, said the RBI.

Anyone interested?