JOB POST: Deputy General Manager by International Financial Sevices Centres Authority [IFSCA]: Apply by Oct 7

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International Financial Sevices Centres Authority [IFSCA] is a statutory unified regulatory body under the Department of Economic Affairs, Ministry of Finance, Government of India established by an Act of Parliament to develop and regulate the financial products, financial services and financial institutions located/performed in the International Financial Services Centres in India.

Job description

International Financial Sevices Centres Authority (IFSCA) is opening a job post of Deputy General Manager.

Number of Vacancies

7 (seven)


Scale of Pay: As admissible to Deputy General Manager (GM), IFSCA. The present applicable scale of pay for Deputy General Manager is Rs. 68500-2150(2)-72800-2250(6)-86300 (9 years).

Other benefit includes Leave Travel Concession, Medical Benefits and insurance, House Rent Allowance, Conveyance expenses, Telephone/mobile/broadband/internet expenses, Financial Dailies, Staff Furnishing Scheme, Children Education allowance, Equipment maintenance allowance, Official entertainment allowance and Scheme for purchase of computer, etc.


Direct Recruitment/Contractual Basis: Must possess a minimum of 8 years of experience in the fields of financial products, financial services and financial institutions with the following qualifications.

  • Master’s Degree with specialization in Statistics/Economics/Commerce/Business Administration (Finance)/Econometrics.
  • Bachelor’s Degree information technology/computer science)/Masters in Computers Application/information technology.
  • Bachelor’s Degree in Commerce with CA, CFA, CS, ICWA.
  • Bachelor’s Degree in Law.

Term of Appointment on Contract Basis: Candidates selected for appointment on contract basis will be appointed for a maximum period of five years subject to periodic performance review, on suitable terms and conditions

Direct Recruitment basis: As per Rule 6 (4) (a) and (b) of IFSCA employees’ service regulations read with Recruitment Rules which provides for Direct Recruitment at a higher grade in special circumstances, where no suitable candidate is available or the exigencies of work requirements.

Deputation Basis: The candidates appointed on Deputation basis would have the option to draw pay and allowances as admissible to him/her in the parent organization or the scale of pay as admissible in IFSCA Experience as on October 31, 2020:

Candidate must possess not less than 8 years of experience for Officer Grade D (Deputy General Manager) in All-India Service/ Central Civil Service as Group A officer or equivalent experience in RBI, SEBI, IRDAI, PFRDA Banks, Financial Institutions, academic Institutions and other regulatory bodies, Central/State Statutory/Autonomous/Subordinate Authorities. The experience shall be in dealing with the activities relating to securities market, Insurance, Banking, Pension, financial products and financial services, special knowledge/experience of law, investigation, finance, Economics, Accountancy, IT and Administration.

Term of appointment on Deputation: The appointment for the post will be on deputation basis for a period of three years. The candidates applying for the post of Deputy General Manager on deputation basis should route their applications through their employer. Candidates applying on Deputation basis should also furnish Vigilance Clearance (major/minor penalties, if any, imposed during last 10 years), Cadre Clearance and Annual Confidential Reports for last 5 years along with the application. Incomplete applications will not be considered. In case non-receipt of the abovementioned documents on or before the date of interview, the application shall be summarily rejected.

How to Apply?

Candidates who satisfy the eligibility norms may apply to give their bio-data strictly in the prescribed format given in the Annexure.

Applications along with supporting documents should be sent by post in a cover superscribing the post applied for ‘IFSCA – application for the post of Deputy General Manager (write name of the stream) to the following address: The Officer on Special Duty, International Financial Services Centres Authority (IFSCA), Second floor, PRAGYA Tower, Block 15, Zone 1, Road 1C, GIFT SEZ, GIFT City, Gandhinagar Gujarat-382355, Phone: 07961708432 16.

Applications not in the prescribed format and received after this date are liable to be rejected 17. The last date and time to receive the application is October 7, 2020, at 6.00 PM.

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