SEBI is seeking applications for 24 positions in the IT department

14 Jul 2022 , 03:15 PM

SEBI, the regulator of the capital markets, issued a call for applications on Thursday for up to 24 senior-level positions in the IT division. The Securities and Exchange Board of India (SEBI) will increase staff as a result of the recruiting drive in order to carry out its regulatory duty more quickly and effectively.

According to public notice, Sebi warned applicants not to fall for any dishonest characters who might try to trick them by making false promises of securing jobs with the regulator while inviting applications.

If a candidate encounters such an offer, they should notify the regulator right away and provide all pertinent information, including the names and contact information of those involved in the practice.

Indian residents are invited to apply for the position of Officer Grade A (Assistant Manager) in the Information Technology stream, according to Sebi's notification. The markets regulator has previously issued an application call for 120 Officer Grade A (Assistant Manager) positions in several streams.

Prior to that, in March 2020, the agency issued a call for applications for 147 senior-level jobs, and over 1.4 lakh persons responded. Candidates may submit their applications for the positions online until July 31.

Exams for these posts' recruitment will be held by the regulator in August and September. Candidates may submit their applications for the positions online until July 31. A bachelor's degree in engineering, in any field, or a bachelor's degree in any discipline plus a post-graduate certificate in computer applications or information technology from a recognized university or institute are prerequisites for applying for this position.

After the Harshad Mehta scandal shook the Indian markets in 1992, the government established Sebi in 1988, and it was given legal authority with the passing of the Sebi Act. Sebi is charged with promoting and regulating the securities markets as well as safeguarding the interests of investors in securities, according to its preamble.

Additionally, it registers and regulates a variety of market intermediaries, such as brokers, merchant bankers, registrars, portfolio managers, and investment advisers, as well as foreign portfolio investors, credit rating agencies, mutual funds, and venture capital funds. It also regulates business on stock exchanges and other securities markets. Additionally, Sebi is required to monitor insider trading, fraudulent and unfair business practices, and other manipulative behaviors.