The Securities and Exchange Board of India (Sebi) has announced a recruitment drive for 25 vacancies in its legal department, inviting applications for the post of Office Grade A (Assistant Manager). This presents a promising career opportunity for candidates with a bachelor’s degree in law from a recognized university or institute. The application process is open until July 9, and online examinations for the selection process will be conducted during August-September.
As per the eligibility criteria outlined in the SEBI Grade A Notification 2023, candidates should not exceed 30 years of age as of May 31, 2023, which means they must have been born on or after June 01, 1993. Interested candidates who meet the requirements can apply online through the official Sebi website.
The selection process consists of three stages: Phase I involves an online screening examination with two papers, each carrying 100 marks; Phase II is an online examination with two papers of 100 marks each, and Phase III includes an interview.
Successful candidates will be engaged for a period of two years. The selected applicants will receive a competitive pay scale of ₹44,500-2,500(4)-54,500-2,850(7)-74,450-EB-2,850(4)-85,850-3,300(1)-89,150 (17 years).
It’s important to note that Sebi has issued a public notice cautioning candidates about unscrupulous individuals who may deceive them with false promises of securing jobs in the regulator. Aspiring candidates are advised to rely solely on the official application process to ensure a legitimate and transparent selection.
Sebi, formed by the Indian government in 1988, gained statutory powers after the passage of the Sebi Act in 1992 following the Harshad Mehta scam that impacted the Indian markets. As the regulatory body for capital markets, Sebi oversees stock exchanges, securities markets, and various market intermediaries such as brokers, merchant bankers, registrars, portfolio managers, investment advisers, foreign portfolio investors, credit rating agencies, mutual funds, and venture capital funds.
In addition to its regulatory functions, Sebi is mandated to combat fraudulent and unfair trade practices, insider trading, and other manipulative activities. The organization plays a crucial role in ensuring the integrity and transparency of India’s financial markets, promoting investor confidence, and safeguarding the interests of market participants.
This recruitment drive by Sebi presents a significant opportunity for legal professionals interested in contributing to the dynamic field of capital markets regulation. The selected candidates will have the chance to make a meaningful impact on the financial ecosystem of the country and help shape the future of the securities market in India.
