NEW DELHI: National Institute of Securities Market (NISM), an educational initiative by markets regulator Sebi, has invited applications for filling up the position of director.

The director of NISM is the Principal and Chief Executive Officer of the institute. Sebi-run NISM is one of the largest financial market certifying institutions.

It runs numerous online and hybrid courses and certification programmes covering various critical market functions such as sales, advice, operations and compliance across financial market products such as equities, derivatives of equity, currency, interest rates and commodities, mutual funds and pensions.

It is currently operating from campus on a 70-acre plot of land at Patalganga, about 60 kilometres from the Mumbai airport on the Mumbai-Pune Express Highway.

According to a public notice uploaded on Sebi’s website, the appointment of the director would be on a contract or deputation basis. Applicants are required to apply for the post by February 18, it added.

The selected candidate will be appointed on contract or deputation initially for 3 years that can be extended up to 5 years. The candidate will be eligible for reappointment for, at most, another term of 3 years, extendable up to 5 years. The incumbent will demit the office on attaining the age of 70 years or at the end of the contract period, whichever is earlier.

The selected candidate will be paid as per the Seventh Central Pay Commission scale with basic pay ranging from Rs 1.82 lakh to Rs 2.24 lakh per month along with other perquisites and allowances. Additionally, the candidate can be offered a ‘special pay’ of up to Rs 1 lakh per month. The total annual maximum emoluments (CTC) of the director at NISM will be about Rs 67 lakh.

Going by the notice, applicants need to have experience of at least 20 years in either of the domains — finance, economics, education capacity building, skill development, ed-tech, digital ecosystem — out of which at least 5 years of experience in leadership positions.

In the backdrop of the enhanced focus of NISM on capacity building and skill development in the area of the securities market, it has restructured itself for greater synergy and focus to build the capacity of functionaries, professionals and participants of the securities market.

In the context of the proposed shift from teaching to learning and a market ecosystem-driven approach, NISM is considering the possibilities of collaboration with other educational institutes or market infrastructure institutions or market participants to run programmes.

“The candidate is required to submit his/her vision in the form of a statement of purpose along with his/her application explaining how he/she intends to meet the new outlook of NISM,” the notice mentioned.

With inputs from PTI.

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