The Institute: 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 Job Profile: 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: 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 Package: 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.
The 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.
Applications / nominations may be forwarded to:
before April 16, 2005. Applications / nominations will be treated in strict confidence. Short-listed candidates may have to attend an interactive process at Mumbai / Hyderabad. The exact dates would be intimated to the short-listed candidates.