Securities and Exchange Board of India (SEBI / Board) invites applications from eligible candidates who are interested in engaging with the Board under its Young Professional Program. This program provides a unique opportunity for qualified and motivated young professionals to gain experience in the Indian capital markets and the functioning of a regulatory organization. Below are the details of the program:
1. Introduction
Securities and Exchange Board of India (SEBI) is an autonomous, statutory organization established under the SEBI Act, 1992. SEBI’s primary function is to protect the interests of investors in securities, promote the development of, and regulate the securities market.
2. Program Description
The SEBI Young Professional Program (YPP) offers young professionals an exceptional opportunity to work on various projects within SEBI in the domains of Securities Market Operations (SMO) and Technology (IT).
3. Eligibility Criteria
3.1. Age & Nationality
- Candidates must be Indian citizens.
- The maximum age limit is 30 years as of the advertisement publication date.
3.2. General Essential Skills
Candidates should possess:
- A basic understanding of financial markets.
- Analytical ability.
- Knowledge of IT tools.
- Research aptitude.
- Good oral and written communication skills.
- Judgment and interpersonal skills.
3.3. Domain-wise Educational Qualification, Work Experience & Skills
For Young Professional (Securities Market Operations):
- A Postgraduate degree/diploma in Management with specialization in Finance, Chartered Accountant (CA), Company Secretary (CS), Cost Management Accountant (CMA), or CFA (USA) qualification.
- At least 1 year of work experience in the financial sector.
For Young Professional (Information Technology):
- A degree in Electronics, Electronics and Communication, IT, Computer Science, MCA, MSc (IT/Computer Science), MBA (Systems/Analytics), M. Tech, or MS in related fields.
- At least 1 year of experience in software development or cyber security.
- Specific skills are required depending on the candidate’s experience in programming or cyber security.
4. Number of Young Professionals
A total of 54 Young Professionals will be engaged:
- 17 in Securities Market Operations.
- 37 in Information Technology.
5. Terms of Reference (Job Description)
Young Professionals may be assigned various projects, depending on their domain. For example:
- Securities Market Operations: Analysis of IPO applications, evaluation of digital transition in application processes, and study of global fund-raising frameworks.
- Information Technology: Software development, cybersecurity measures, and IT policy implementation.
6. Duration of Engagement
The engagement period is 1 year, extendable by up to 2 additional years, depending on performance and organizational needs. The total duration will not exceed 3 years.
7. Place of Posting
Young Professionals will be posted at SEBI’s Head Office in Mumbai.
8. Attendance & Working Days
YPs will adhere to SEBI’s office timings and may need to work beyond office hours or on weekends/public holidays without extra compensation.
9. Leaves
YPs are entitled to 18 days of leave per year, accrued on a pro-rata basis.
10. Stipend & Facilities
- A monthly stipend of INR 70,000 will be provided.
- Shared accommodation may be available in Mumbai, subject to availability.
- No additional payments, allowances, or reimbursements will be made, except for official travel, for which Grade A officers’ allowances apply.
11. Right of Modification, Suspension, or Termination
Either party can terminate the engagement with a one-month notice. SEBI reserves the right to modify, suspend, or terminate the engagement at any time without assigning a reason.
12. Other Terms & Conditions
- YPs are not considered SEBI employees.
- YPs must adhere to SEBI’s Code of Conduct and maintain confidentiality of internal data.
- YPs must provide integrity certificates, a medical fitness certificate, and comply with other stipulated conditions.
- Prohibition on Speculation: YPs are prohibited from trading or speculating in stocks, securities, or commodities.
- Intellectual Property: SEBI retains intellectual property rights for all work developed during the engagement.
- Insider Trading: YPs will be considered “insiders” and must comply with the SEBI (Prohibition of Insider Trading) Regulations, 2015.
13. Application & Selection Process
13.1. Application Form
Applications must be submitted online via the SEBI website.
13.2. Application Window
The application window is open for 21 days from the date of advertisement.
13.3. General Instructions
- Only one application per candidate is allowed.
- Candidates should ensure the accuracy of the information provided.
13.4. Selection Process
The selection process includes:
- Application Screening based on various factors like academic performance, work experience, and Statement of Purpose.
- Preliminary Interview conducted virtually.
- Final Interview conducted virtually.
SEBI’s decision in all matters related to eligibility, screening, and selection will be final.
14. Mentorship and Regular Feedback
Each YP will report to a Division Chief, who will act as a mentor and oversee their progress. Performance will be assessed twice a year.
15. Resolution of Disputes
Disputes will be amicably settled, with an option for arbitration by SEBI’s Chairman.
For more information, visit SEBI’s official website or contact the HR Department at YPP@SEBI.GOV.IN.
