Advertisement No.

13 / 2024-2025
Appointment of Chief Economist, Head Data Analytics & Dy. CTO (Channels) – on Contract

IDBI Bank invites applications from eligible Indian citizens for the below mentioned posts (on contract basis). Candidates fulfilling required eligibility
criteria may send their application to [email protected] on or before March 26, 2025

Start Date of receiving of Application: 12/03/2025

Last Date of receiving of Application: 26/03/2025

1. Details of POST / VACANCY/ AGE/ CONTRACT PERIOD/SELECTION PROCESS/ PLACE OF POSTING/ ANNUAL CTC:-

Sl. Post No. of Age Contract Likely Place of Posting Annual CTC (approx.)
No. Vacancies (as on March 01, 2025) Period

1 Chief Economist 1 Maximum 65 Years

Equivalent Grade / Remuneration will be

2 Head – Data 1 Mumbai / Navi Mumbai market linked & based on experience,
Maximum 55 Years Seniority level etc.
Analytics 5 years*
Bank reserves right to post a Remuneration includes both Fixed and
candidate as per Bank’s Variable Pay and shall be subject to
Deputy Chief requirement. deduction of taxes/statutory deductions, as
Technology Minimum 40 years to applicable.
3 Officer 1 Maximum 55 years
(Channels)

NOTE
(i) Cut-off date for eligibility criteria is March 01, 2025.
(ii) Before applying, candidates should ensure that they fulfill the eligibility as on the cut -off date. Personal Interview (PI), process will be
purely provisional without verification of documents. Candidature will be subject to verification of details/documents with t he originals
when the candidate reports for PI, if called.
 Advertisement No.13 / 2024-25

2. Eligibility criteria

2.01 Nationality/Citizenship:
Candidates must be either (a) a citizen of India, or (b) a subject of Nepal, or (c) a subject of Bhutan, or (d) a Tibetan ref ugee (who came over
to India before 1st February 1962) with the intention of permanently settling in India or (e) a person of India n origin, who have migrated from
Pakistan, Myanmar (formally Burma), Sri Lanka, East African Countries of Kenya, Uganda, the United Republic of Tanzania (form erly
Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of p ermanently settling in India, provided that the
candidate belonging to categories (b), (c), (d) or (e) above shall be a person in whose favour a certificate of eligibility has been is sued by
Government of India. The candidate, in whose case a certificate o f eligibility is necessary, may be provisionally admitted to the selection
process conducted by the Bank, but on final selection, the offer of appointment may be given only after the necessary eligibi lity certificate
have been issued to him/ her by the Government of India.

2.02 Age, Educational qualification and Experience (as on March 01, 2025) :

Sr. Post Educational Qualification Specific Skill Required Work Experience (as on Broad Job Profile #
No. cut of date)
1 Chief Post-graduate degree in 1. Strong analytical and quantitative skills To qualify for this position, a 1. Economic Analysis: Conduct
Economist Economics or Econometrics 2. Proficiency in econometric modelling and candidate must have a comprehensive analysis of
from a recognized Indian statistical analysis minimum of 12/15 years of macroeconomic trends, financial markets,
University. 3. Ability to translate economic concept into work experience, with a and policy developments to assess their
actionable strategies minimum of 5-7 years in impact on the Bank's operations and
Desirable Qualification:- 4. Excellent communication and presentation senior leadership position. strategy to improve competitiveness.
PhD in Economics/ Banking/ skills 2. Forecasting: Develop and maintain
Finance and related areas. Candidates having experience economic models to forecast market
in Economic Research Dept. of trends, interest rates and other key
Banks/FI’s will be preferred. economic indicators.
3. Policy Advisory: Advise Top
Management on economic implication of
regulatory changes, monetary policies and
global economic events.
4. Research Leadership: Lead the Bank's
Economic Research Department/
initiative, publishing reports and white
papers on relevant economic issues.
5. Stakeholder Engagement: Represent
the, Bank in discussions with regulatory
bodies, industry forums and media,
articulating the Bank's economic
perspectives improving visibility of the
Bank.

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 Advertisement No.13 / 2024-25

Sr. Post Educational Qualification Specific Skill Required Work Experience (as on Broad Job Profile #
No. cut of date)
2 Head – Data Full-time Master or Bachelor 1. Should have hands on experience in Minimum 12 years of years 1. Strong data analytics practice and
Analytics degree in any engineering analytics delivery, through the entire life cycle of Information Technology responsible for resource management and
discipline or Data of an analytics engagement – insight Experience in Scheduled delivery execution.
Management / Data Science. generation using data, business team Commercial Bank/s (India/  2. Work closely with key business partners
Or communication & follow up, process Abroad)/ Financial to plan and execute high-value and
Graduate in science along refinement to increase business value Institution/ BFSI / Fintech actionable data analytics projects and
with MCA from a University/ generation sector with minimum 5-7 initiatives including Campaign
Institute recognized by the 2. Business idea generation, process set-up for years of relevant analytics Management.
Govt. of India or its capturing idea value, mentoring and guiding work experience providing  3. Facilitate communication throughout the
Regulatory Bodies. direct reports to drive business generation advanced analytics solutions development process between executive
through analytics, process streamlining to in a commercial set-up at a stakeholders, customers (internal business
Any other qualifications in improve efficiency leadership/senior unit leaders), and technical teams that are
Data Science / Data analytics 3. Good communication skills leadership level. implementing/automating tasks.
etc. will be desirable 4. Data management skills (e.g. data modeling,  4. Coordinate and build strong working
data integrity QA/QC) relations with various internal stakeholder
5. Predictive modeling (logistic regression, groups, including IT.
linear regression, etc.)  5. Integrate and mine large data sets,
6. Customer segmentation and targeting, connecting data from disparate sources to
promotion effectiveness and churn prevention identify insights and patterns using
7. Strong work ethic and business / value traditional as well as predictive analytics.
oriented mentality  6. Lead and mentor junior staff members;
8. Target / result orientation, driven by create learning, development and
business achievement engagement plans to help source and
9. Banking industry understanding for retain key talent.
business levers and market competition  7. Keep scale of the deployments in mind
10. Knowledge of analytics tools (at least one when designing solutions.
or more required)  8. Responsible for setting up the Analytics
o PYTHON capability and work closely with IT teams
o Alteryx or Data IKV to ensure seamless integration of the Data
o SQL Advance Analytics solutions into the system.
o Visualization Tableau, Power BI  9. The role requires a combination of
business acumen, sophisticated analytical
expertise, a strategic mindset, leadership
skills, and a passion for discovering new
insights and building new capabilities.
 10. As a strategic leader, he/she will lead
and grow the analytics team at IDBI Bank
and use analytical tools and techniques to
help exceed business goals across the
organisation.

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 Advertisement No.13 / 2024-25

Sr. Post Educational Qualification Specific Skill Required Work Experience (as on Broad Job Profile #
No. cut of date)
11. Manage a team of data analysts & data
sciences to deploy analytical solutions for
the bank.
12. Use cutting edge data science-related
methods and tools to derive insights.
Coach, mentor, motivate and supervise the
team
 13. Gather, analyse, identify and lead
actionable data insights to solve real
complex challenges.

3 Dy. CTO Graduation (B.E./ B.Tech) in 1. Experience in digital banking and/ or Minimum 12 years of 1. Manage IT systems related to the
(Channels) Electronics & consumer-facing mobile products in Banks or Information Technology banking channels of one or more areas
Telecommunications/ Financial institutions. experience in Scheduled such as Internet Banking, Mobile Banking,
Computer Science/ 2. Exposure to digital business models like e- Commercial Bank/s (India/ ATM, Cards, Payment Systems, UPI, IMPS,
Electronics & Electrical/ Commerce/ B2B/ B2C marketplaces desirable. Abroad)/ Financial Wallets, POS.
Information Technology/ 3. Experience of managing and monitoring IT Institution/ BFSI / Fintech 2. Manage Card related IT systems in close
Electronics & Communication systems of the banking channels of one or more sector of which 5 years coordination with networks (Rupay,
areas such as Internet Banking/ Mobile should be in leadership MasterCard & Visa).
OR Banking/ ATM/ Cards/ Payment Systems/ UPI/ position. 3. Lead the team working on mobile
IMPS/ Wallets/ POS. technology, prepaid & debit cards and
Graduate with Post- 4. Techno-functional understanding of one or payment platforms such as NEFT, RTGS,
Graduation in MCA from a more banking channels such as Internet IMPS, UPI, AePS, QR code, ATMs, Micro
recognized University by the Banking/ Mobile Banking/ ATM/ Payment ATMs etc.
Govt. of India” systems/ Cards/UPI/ IMPS/ Wallets/ POS/ Core 4. Lead technical interactions with
Banking/ Payments Systems. Regulator (RBI, UIDAI), Networks (Visa,
5. Knowledge of the latest trends and best MasterCard and NPCI), Technology
practices in technology, digital banking and partners, Peer Banks and Fin-Tech to
customer experience. achieve strategic business objectives and
6. Understanding of banking processes and ensuring efficient and profitable business.
interlinked systems such as Core banking/ 5. Work with Payment aggregators for
CRM/ LMS/ Card Host/ Switch. technology related matters of Internet
7. Exposure to android / iOS platforms/ Banking PG, BBPS services.
payment solution architecture/ QA testing/ 6. Work with key internal support and
SLDC is desirable. control stakeholders (Liability & Asset
8. Ability to implement strategies by thinking Product, IT, Ops, Compliance, BI and Law)
through steps of implementation, taking to ideate, build and manage smooth
operational decisions and putting personal processes related to digital businesses.
effort as needed.

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 Advertisement No.13 / 2024-25
9. Ability to dissect a problem into parts, 7. Develop and execute IT strategy for Bank
prioritize issues, find data necessary to support Channels such as Internet Banking, Mobile
analysis and come out with creative and Banking, ATM, Cards, Payment system, UPI,
practical solutions for implementation. IMPS, Wallets, POS.
10. Excellent analytical, planning, forecasting, 8. Deliver superior service quality and
budgeting, prioritization skills. experience across all banking channels via
11. Ability to lead diverse teams across different continuous improvements and innovation
functions. in services.
9. Help the business to develop digital
strategy for the Bank conjoint with the
channels, digital and products.
10. Help the business to build technical
alliances and partnerships and generate
revenue streams through monetization of
digital assets
(Prepaid Cards, Payment capabilities i.e.
IMPS, NEFT, AePS etc.)
11. Help the business to build technical
alliances for increasing digital Foot print
with ecommerce players etc.
12. Program/ project management for
upgrades or changes to banking channels.
13. Work closely with the various business
product owners to deliver the products on
banking channels to the customers in the
most efficient, cost effective and simplistic
way using appropriate technology.
14. Maintain and track usage, uptimes,
faults etc. to ensure the un-interrupted
availability of the banking channel.
15. Ensure the maintenance of operational
efficiency, information security and risk
framework related to the banking channels
as per Bank’s policy and guidelines.

# The Bank may also assign such other related jobs/ assignments as may be decided from time to time.

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 Advertisement No.13 / 2024-25

3. Terms of Appointment

No. Particulars Terms & Conditions

(i) Period Contract for a period of 5 years to be reviewed every year.
(ii) Nature of appointment Appointment for the post will be contractual in nature
(iii) Remuneration Consolidated remuneration based on experience, Seniority level per annum (CTC) subject to deduction of taxes as applicable and review
of performance on annual basis.
CTC comprises of all the emoluments/allowances/benefits/perquisites, etc. paid as one time/ monthly/ periodically/ annually except as
mentioned in the terms and conditions separately.
(iv) Leave 12 days of Casual Leave (CL) for every calendar year. In addition to CL, appointee will be entitled for 15 days of leave each year. If the
contractual period starts mid of a calendar year, proportionate CL and other leaves shall be accordingly granted on pro-rata basis. Un
availed leaves, if any, shall neither be eligible for encashment nor carried forward.
(v) Other facilities for official  TA/HA, facility as per entitlement basis the final grade equivalent assigned for the respective positions
purposes  Air travel entitlement as applicable for respective grade.
The facilities are payable subject to approval of the supervisor.
(vi) Termination of contract  The contract may be terminated by either party by giving to the other three month’s notice or pay in lieu thereof or efflux of time.
The Bank may, however, terminate the contract on disciplinary grounds without any notice or compensation in lieu thereof. Apart
from the above, continuation of employment is also subject to annual performance review.
(vii) Superannuation benefits No superannuation benefit shall be applicable.
(viii) Service rules In addition to the terms and conditions of appointment, during the contractual period, the appointee shall generally be governed by the
IDBI Bank Limited Officer’s Conduct Rules, 2006, as amended from time to time. The Bank may at its discretion initiate appropriate action,
including termination of service, in case of breach of terms of contract/ conduct rules, whenever warranted. Termination of contract by
Bank in such cases shall result in cancellation of unpaid portion of variable pay.
(ix) Accommodation The applicants shall make own arrangements for his/her stay and it shall not be incumbent on the Bank to provide any residential
accommodation.
(x) Undertaking The appointee shall furnish a non-disclosure undertaking in the prescribed format on the stamp paper of requisite value at the time of
joining.

(xi) Posting Candidates are likely to be posted at Mumbai however the Bank reserves the right to post to any offices of the Bank or to any place as per
requirement of the Bank.

(xii) Residual Matters As may be decided by IDBI Bank Ltd. from time to time.

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 Advertisement No.13 / 2024-25

4. Selection Procedure :

4.01 The selection process will comprise of:-

(i) Preliminary screening and shortlisting based on the eligibility criteria, candidate's qualifications, suitability/ experience, etc. submitted with the
applications.

(ii) The candidature, after preliminary screening and without verification of documents, will be provisional and will be subject to verification of all
details/ documents with the originals when a candidate reports for PI (if called).

(iii)Only shortlisted candidates who qualify in PI and rank sufficiently high in the merit list will be considered for further selection process.

(iv) The center & address of the venue, time and date of interview will be informed to the shortlisted candidates through e-mail / call letter and
candidates have to attend the same at their own cost. Request for change of center/date/time will not be entertained. However, the Bank reserves
its right to change/ add/ cancel the date, time, center, venue for the PI or hold supplementary selection process on particular date/ session/ venue/
center for set of candidates at its discretion, under unforeseen circumstances, if any. The changes, if any, shall be intimated to the candidates through
Bank's website and/or candidate’s registered e­mail in advance.

(v) Selection will be on the basis of marks secured by the candidate in PI. Bank may change the mode of selection depending upon the number of
suitable candidates.
(vi) The final selection of candidate is subject to qualification in PI, being sufficiently high in the merit list, being declared medically fit as per the
Bank’s standards of fitness and fulfilling the stipulated eligibility criteria as on the cut-off date.
(vii)In case, more than one candidate scores the cut off marks (common mark at cut off point); such candidates will be ranked according to their age
in descending order.

(viii) The Bank reserves the right to call only the requisite number of candidates for the Interview after preliminary shortlisting after considering
the candidates’ experience/qualification etc.
4.02 Mere eligibility, admission/qualification in PI does not imply that the Bank is satisfied beyond doubt about the candidate's eligibility and it
shall not vest any right in a candidate for selection. The Bank would be free to reject the candidature of any candidate at any stage of recruitment
process, if he/she is found to be ineligible and/or furnished incorrect or false information/ certificates/ documents or has suppressed any material
facts. If appointed, such a candidate may be summarily removed from the services of the Bank.
Important: The PI may be held at the Bank’s Corporate Office in Mumbai or virtually. While appearing for PI, if called, the candidate should
produce valid prescribed documents given below. In the absence of documents candidature of the candidates shall be cancelled. Bank takes
no responsibility to receive/ collect any certificate/remittance/ document sent separately.
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 Advertisement No.13 / 2024-25

5. List of Documents to be produced at the time of PI (as applicable):

The following documents in original together with a self-attested photocopy in support of the candidate’s eligibility and identity are to be invariably
submitted at the time of interview, failing which the candidate may not be permitted to appear for the interview. Non-submission of requisite
documents by the candidate at the time of interview will debar his/her candidature from further participation in the recruitment process.
i) Print out of the original and valid Interview Call Letter.
ii) Photo Identify Proof as indicated in Point 7 below.
iii) Mark sheets & provisional / degree certificates for educational qualifications.
iv) Work Experience: For the Past employer: Relieving Letters and Experience Certificate from the past employer and for the present employer:
Experience certificate, Offer Letters, Pay or Salary Slips clearly indicating the date of joining and date of relieving for each of the past or previous
employer(s) mentioning the functional area of experience. The experience certificate or testimonials produced by the candidates should indicate
the date of joining and relieving, designation at the time of joining, date of promotion with designation, if any. In case the same is not mentioned in
either the experience certificate or Relieving letter, a bonafide experience certificate is required mentioning the experience of the candidate in
desired functional area along with the duration. Any adverse remark from the previous employer(s) or any act of misconduct/ wrong committed by
the candidate would be a disqualification to apply and render the candidature for cancellation.
v) Candidates serving in Government/ Quasi Govt. Offices/ Public Sector Undertakings (including Nationalized Banks and Financial Institutions) are
required to produce a “No Objection Certificate” from their employer at the time of joining the Bank, in the absence of which their candidature will
not be considered.
vi) Candidates will not be allowed to appear for the interview if he/ she fail to produce the relevant eligibility documents as mentioned above.

Note: Inability to produce any of the above mentioned documents (both original and attested copy) at the time of interview will render the candidates
ineligible for the selection. No documents shall be directly sent to the Bank by candidates before or after the interview.
6. How to apply:
a. Candidates are required to send their application to “[email protected]” mentioning the Name of the Post in the subject line.
b. Intimation will be sent to the candidate’s email ID/ Mobile Number specified in the application form. If candidates do not receive the email
/ SMS intimations at the email ID/ Mobile number specified by them, they may consider that their application has not been considered.
c. An application which is incomplete in any respect such as without photograph and signature uploaded in the application form will not be considered
as valid.
d. Any information submitted by a candidate in his/ her application shall be binding on the candidate personally and he/ she shall be liable for
prosecution/ civil consequences in case the information/ details furnished by him/ her are found to be false at a later stage.

7. Identity Verification
At the time of PI, the original call letter along with a photocopy of the candidate’s photo identity (bearing the same name as it appears on the call
letter) such as PAN Card/ Passport/ Driving License/ Voter’s Card/ Bank Passbook with photograph/ Photo identity proof issued by a Gazzetted
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 Advertisement No.13 / 2024-25

Officer/ People’s Representative along with a photograph / Identity Card issued by a recognized College/ University/ Aadhar card with a
photograph/ Employee ID should be submitted to the invigilator for verification. The candidate’s identity will be verified with respect to his/ her
details on the call letter, in the Attendance List and requisite documents submitted. If identity of the candidate is in doubt the candidate may not
be allowed to appear for the PI.
In case of candidates who have changed their name, they will be allowed only if they produce original Gazette notification/ their original marriage
certificate/ affidavit in original, mentioning the changed name.
Note: Candidates have to produce, in original, the same photo identity proof bearing the name as it appears on the application form/ call letter and
submit photocopy of the same.

8. General Eligibility
Medical Fitness, Character and Caste (wherever applicable) verification of selected candidates: The appointment of selected candidates will be
subject to their being declared medically fit as per medical fitness standards followed by the Bank and upon satisfactory verification of their
character, antecedents and caste certificates (wherever applicable). Till such time, the appointment of the selected candidates in the Bank will be
provisional. Such appointment will also be subject to the Service, Conduct Rules & Policies of the Bank.

9. General Instructions
(i) Cut-off date: March 01, 2025.
(ii) Before submitting the application form, the candidates must ensure that they fulfill all the eligibility criteria with respect to age, educational
qualifications, experience, etc. as stated in this advertisement. If the candidates are not eligible, their candidature will be cancelled at any stage of
the recruitment. If the candidate qualifies in the selection process and subsequently it is found that he or she does not fulfill the eligibility criteria,
his or her candidature will be cancelled and if appointed, services would be terminated without any notice or compensation.
(iii) Candidates are required to send their application to “[email protected]” mentioning the Name of the Post in the subject line.
(iv) IDBI Bank reserves the right to modify or amend or reverse or cancel any or all of the provisions of the recruitment process including eligibility
criteria.
(v) IDBI Bank may at its sole discretion, re-hold PI or additional PI, wherever necessary in respect of a center or venue or specific candidates(s) and/or
all centers or all candidates.
(vi) Any resultant dispute arising out of this advertisement and the selection process shall be subject to the sole jurisdiction of the Courts situated in
Mumbai only.

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Disclaimer: -
(i) In case it is detected at any stage of recruitment that a candidate does not fulfill the eligibility norms and/or that he/she has furnished any
incorrect/false information or has suppressed any material fact(s), his/her candidature will stand cancelled, if any of these shortcomings is/are detected
even after appointment, his/her services are liable to be terminated.
(ii) Decisions of Bank in all matters regarding eligibility, conduct of examination, other tests and selection would be final and binding on all
candidates, no representation or correspondence will be entertained by the bank in this regard.
Sd/-
General Manager
Human Resources
Place: Mumbai IDBI Bank Limited
*********************

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