Job or Vacancy Description:
To encourage best practices in Banking Technology, the Institute invites top talent with high passion for Research and Academics for the positions of Professor, Associate Professor and Assistant Professor

1. Professor , Scale of Pay : PB – 4 of Rs. 37400 -67000 with Grade Pay of Rs. 10500 per month

2. Associate Professor , Scale of Pay : PB – 4 of Rs. 37400 – 67000 with Grade Pay of Rs. 9500 per month

3. Assistant Professor , Scale of Pay : PB – 3 of Rs. 15600 – 39100 with Grade Pay of Rs. 8000 per month

4. Assistant Professor on Contract (for first three years) , Scale of Pay : PB – 3 of Rs. 15600 – 39100 with Grade Pay of Rs. 6000 per month

Specialisation : Information Technology in Banking , Electronic Payment and Settlement Systems Financial Networks and Applications , Security Technologies for the Financial Sector , Financial Information Systems and Business Intelligence , Financial Inclusion Technologies , Core Banking System Related Areas , Alternate Delivery Channels , Open Source Technologies , Information Security , Information Systems , Computer Science & Engineering , Advanced Data Analysis , Business Analytics , Applied Statistics , Closely Related Areas

How to apply : The filled-in application may be sent to The Director, IDRBT, Castle Hills, Road No.1, Masab Tank, Hyderabad – 57 by e-mail to Click Here For the EMAIL ID to APPLY .This is a Rolling Advertisement, and though candidates may apply at any time . Applications received shall be processed from time to time at certain cut-off dates. All applications received by May 31, 2011 will be processed in the first lot

General Instructions:
1. Candidates who have responded to our Advt. No.07/2009 need not apply again.
2. Candidates working in the Indian Banking Sector may also apply for being considered on Deputation basis for these positions. It may be noted that the Institute offers Pay and Allowances of One Grade Higher to staff from Commercial Banks, upto the level of Chief Managers.
3. Candidates should have excellent academic record, good communication skills, and a sincere commitment towards implementing the best in technology for the Banking and Financial Sector.
4. The Institute provides excellent facilities for Tech-knowledge Upgradation and has a well-stocked library.
5. Candidates should satisfy themselves about their eligibility for the post applied for. Mere fulfillment of eligibility does not guarantee shortlisting for Selection Process.
6. Candidates should not enclose any certificates or copies thereof with the application. The candidature will be considered on the strength of the information declared in the Application. If at any stage, it is found that any information furnished in the application is false / incorrect or if according to the Institute, the candidate does not satisfy the eligibility criteria, his candidature/appointment is liable to be cancelled/terminated at any point in time.
7. Candidates should apply for the positions in the format provided . Candidates applying for more than one position should send their applications separately. Incomplete applications / not in the prescribed format will be rejected and no correspondence in this regard will be entertained by the Institute.
8. All educational qualifications must have been obtained from recognized universities/institutions in India or abroad. If grades are awarded instead of marks, candidates should clearly indicate their numerical equivalent.
9. Candidates employed in Government/Semi-Government Organisations or Educational Institutions must apply through proper channel.
10. The Institute reserves the rights to screen and call only such candidates as are found prima-facie suitable for being considered by the Selection Committee. The Institute also reserves the right to restrict the candidates called for to the selection process to a reasonable number on the basis of qualifications and experience higher than the minimum prescribed herein and the requirements of the Institute. Thus, just fulfilling the prescribed conditions would not entitle one to be called for the Selection Process. Recruitment of Staff in INFINET & Services Institute for Development & Research in Banking Technology Page No.3
11. The Institute reserves the right to fill or not to fill any or all the posts advertised. The Institute at its discretion may relax the minimum requirements in case of outstanding candidates.
12. In all mattes regarding Eligibility, Skill Sets, Experience, Age Limit, Compensation, Contract Term, Selection Process, Assessment, Prescribing Minimum Qualifying Standards in Selection Process, and Communication of Result, the Institute’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard.
13. No correspondence will be entertained from candidates regarding postal delays, conduct & result of selection process and reasons for not being called for the selection process.
14. The filled-in application may be sent, in a cover super-scribed with the post applied to “The Director, IDRBT, Castle Hills, Road No.1, Masab Tank, Hyderabad – 57” or by e-mail to Click Here For the EMAIL ID to APPLY so as to reach the Institute latest by July 31, 2010.

Tentative Last Date: 31-05-2011

About the organization:
During the first phase of reforms in the Indian Financial Sector, a need was felt to develop an Institute of Higher Learning, which would also provide the operational service support in Information Technology to Banks and Financial Institutions.  The foundation for induction of Computer Technology in the Indian Banking Sector was laid by Dr. Rangarajan Committee’s two reports in the years 1984 and 1989. Both the reports strongly recommended computerisation of banking operations at various levels while suggesting the appropriate architecture.  In the year 1993, the Employees’ Unions of Banks signed an agreement with Bank Managements under the auspices of Indian Banks’ Association [IBA]. This agreement was a major breakthrough in the introduction of computerised applications and development of communication networks in Banks.  In the following two years, substantial work was done and the top managements realised the urgent need for training, research and development activities in the area of Banking Technology. Banks and Financial Institutions started setting up Technology-based training centres and colleges. However, a need was felt for an Apex Level Institute, which would be the Brain Trust for Banking Technology and Spearhead Technology Absorption in the Indian Banking and Financial Sector.  In the year 1994, the Reserve Bank of India formed a committee on “Technology Upgradation in the Payment Systems”. The committee recommended a variety of payment applications which can be implemented with appropriate technology upgradation and development of a reliable communication network.  The committee also suggested setting up of an Information Technology Institute for the purpose of Research and Development as well as Consultancy in the application of technology to the Banking and Financial sector of the country. As recommended by the Committee, the Institute for Development & Research in Banking Technology [IDRBT] was established by the Reserve Bank of India in 1996 as an Autonomous Centre for Development and Research in Banking Technology.To be the premier and preferred Research and Development Institution on Financial Sector Technology and its Management, working at the Intersection of Banking and Technology for the Indian Banking” To envision and foresee technology requirements of the Indian Banking and Financial Sector and Research & Develop the required technologies To incubate and develop state-of-the-art banking technology products and services to facilitate better and easy banking Understand the emerging global technology trends, its implication, and guide the Indian Banking and Financial Sector accordingly To provide Training, Advisory and Consultancy Services on Technology, Technology Infrastructure, and Technology Management matters for Banking and Financial Sector Play a catalytic role in development of Banking Technology as a recognized discipline of study To create a pool of Banking Technology professionals through innovative and quality educational initiatives Participate directly and indirectly in development of standards and best practices The Institute for Development and Research in Banking Technology (IDRBT) was set up by Reserve Bank of India, at Hyderabad (India), in 1996. IDRBT is an autonomous centre for Development and Research in Banking Technology. The Institute is a Certifying Authority duly accredited by the Controller of Certifying Authorities, and one of the largest issuers of Digital Certificates under Public Key Infrastructure. The Governing Council of IDRBT consists of the top management of RBI, Academic Experts and Industry Leaders. The Faculty at IDRBT has a fine blend of expertise from both Technology and Banking. The Faculty comprises Technical Experts with a proven track record and Professional Bankers with rich experience. The focal areas of R&D include Financial Networks & Applications, Electronic Payments & Settlement Systems, Security Technologies, Financial Information Systems and Business Intelligence.  The interaction between these two core groups creates the synergy required for meaningful Research and purposeful Development of Products and Services for advancement of Banking Technology in our Country. While the Technical Experts are either recruited as full time Faculty or retained as Visiting Faculty, the Banking Professionals are taken as Faculty on deputation. The Institute has set up and manages the country?s financial network ? the INFINET (INdian FInancial NETwork), which is a Wide Area Network based on Satellite (using VSATs) and Terrestrial lines, apart from providing an excellent source for research and training in the use of Technology in Banking. Other allied activities include conduct of regular Post Graduate courses, Ph.D programmes in association with the University of Hyderabad, consultancy services by a highly motivated group of professionals. The Director is the Chief Executive Officer and shall be a conceptualist with excellent communication skills, capable of leading a team of skilled and highly ambitious faculty members in a challenging environment. He shall be responsible for the overall functioning of the Institute, plan for its future and ensure that role of a catalyst in meeting the technology needs of the Banking sector in India is met with. The Director should have strong conceptual foundations in Banking, Information and Communication Technologies. Professional expertise/experience in areas relating to Banking and Technology solutions sourcing and implementation, Information Systems security, would be desirable. The candidate shall be preferably a Doctorate in the areas of (i) Information Technology or (ii) Computer Science or (iii) Management with specialization in Finance, Banking, Information Technology/Systems. In case of Management specialization in Finance/Banking, the candidate should preferably have had specialization in Information Technology/Systems at least at graduation level. The candidate should have a minimum of fifteen years of experience. The preferable age profile would be about 40 to 50 years. The Institute offers excellent salary and perks. For the right candidate, salary would not be a constraint. The selection would result in a contractual appointment for 5 years. Possibilities exist at the end of the five-year term for being considered for re-appointment as Professor in the IDRBT after a fresh screening process. Selection would be by an Expert Search Committee comprising of eminent representatives from the industry and would be based on informal and formal meetings, presentations on the vision of the candidates for the IDRBT etc. The Expert Search Committee would select the candidate from applications received through this advertisement, nominations received by the Committee, through Top Academic Institutions and Top IT companies and names considered suo moto by the Expert Search Committee.

Address :
Institute for Development and Research in Banking Technology
(Established by Reserve Bank of India)

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