Sebi Announces Recruitment Drive For 49 Officer Grade A Positions - Know Key Details

Sebi is looking to fill 34 positions in the General stream, 10 in Information Technology, two in the Legal department, and one each in Engineering (Electrical), Research, and Official Language. The selection process is scheduled to unfold in three phases, commencing on July 27.
India's Market Regulator Sebi to Recruit 49 Officers

India's Market Regulator Sebi to Recruit 49 Officers (Image Source: iStockphoto)

India's capital markets watchdog, the Securities and Exchange Board of India (Sebi), announced on Tuesday its plan to hire 49 officers across various departments this year. This strategic move aims to bolster the agency’s capacity for faster and more effective regulatory oversight.
Earlier this year, Sebi had invited applications for 97 senior-level positions in March. Although the application link was initially set to go live on April 13, it was postponed due to the General Elections. In a recent update, Sebi has now opened the application process for 49 Officer Grade A (Assistant Manager) positions across diverse streams including General, Legal, Information Technology, Engineering (Electrical), Research, and Official Language. The online application portal will remain open until June 30.
Specifically, Sebi is looking to fill 34 positions in the General stream, 10 in Information Technology, two in the Legal department, and one each in Engineering (Electrical), Research, and Official Language. The selection process is scheduled to unfold in three phases, commencing on July 27.
This recruitment drive is part of Sebi's ongoing efforts to enhance its regulatory framework. The regulator has been steadily increasing its workforce over the past few years. Notably, in July 2022, Sebi sought to hire 25 senior-level executives for its Information Technology department. In January 2021, it invited applications for 120 Officer Grade A (Assistant Manager) positions across various streams. Additionally, in March 2020, Sebi advertised for 147 senior-level roles, attracting approximately 1.4 lakh applicants.
Established by the Indian government in 1988, Sebi was granted statutory powers with the enactment of the Sebi Act in 1992, following the Harshad Mehta scam that rattled Indian markets. Sebi’s mandate, as outlined in its preamble, includes protecting investor interests, promoting and regulating the securities markets.
The regulator oversees activities in stock exchanges and other securities markets, registers and regulates market intermediaries such as brokers, merchant bankers, and portfolio managers, and oversees foreign portfolio investors, credit rating agencies, mutual funds, and venture capital funds.
Furthermore, Sebi is tasked with curbing fraudulent and unfair trade practices, insider trading, and other manipulative activities to maintain market integrity and investor confidence.
(With Inputs From PTI Agency)
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