- National Institute of Securities Markets (NISM) is a premier Institute established by the Securities and Exchange Board of India (SEBI), the Regulator for securities markets in India. The Institute currently offers various academic courses, including a two-year Post Graduate Program in Securities Market, a LLM in Securities laws and Investment and a one-year Post Graduate Certification in Securities Market.
- The Institute is also in the process of introducing/strengthening various full time/part time courses in the area of Quantitative Finance, Financial Engineering, Risk Management, Data Science, Treasury Management, Securities Laws, Fin-Tech and other areas relevant to the financial/securities markets and corporate sector. The Institute also conducts capacity-building programs among the stakeholders in the securities markets through professional education, financial literacy, enhancing governance standards and fostering policy-based research in securities markets and related domains.
- NISM functions from a state-of-the-art, 70-acre campus at Patalganga (around 45 minutes’ drive from Vashi, Navi Mumbai).
In order to support the expanding activities of NISM, applications are invited from eligible candidates for faculty positions in the following subjects/domain:
a) Legal – Securities law and Regulations, Corporate Law, Business Law and related areas; and
b) Derivatives, including Commodity Derivatives – Financial Derivatives, Financial Engineering, Financial Risk, Risk Analysis, Risk Management, Risk Modeling; Commodity Derivatives, etc.
I. ELIGIBILITY CRITERIA:
a) Candidates applying for the faculty position in the domain of law should have a post graduate degree in Law/Corporate laws/ Professional qualification like ACS or equivalent from a reputed Institute with a good academic track record and minimum post qualification experience of 5 years as legal practitioner in a Law Firm, Law Centre, Bar Council etc. Ph.D. degree is desirable but not mandatory.
However, non Ph. D. candidates shall be provided Adjunct or any other appropriate position. For the post of Associate Professor and Professor on regular contract, the candidates should have minimum of six (6) years and ten (10) years of post-Ph.D. teaching/research experience respectively.
b) Candidates interested in the domain of Derivatives should have First class Post Graduate Degree or equivalent in the relevant area from a reputed Institute with a good academic track record and minimum post qualification teaching experience of 5 years in any reputed Institute of Higher Learning.
Ph.D. degree is desirable but not mandatory. However, non Ph. D. candidates shall be provided Adjunct or any other appropriate position. For the post of Associate Professor and Professor on regular contract, the candidates should have minimum of six (6) years and ten (10) years of post-Ph.D. teaching/research experience respectively.
In addition to the above, the applicants should demonstrated ability to teach in post-graduate and executive development programmes of the Institute, and capability for designing and teaching courses, conducting executive development programmes, web-based education, institution development, consultancy and other activities assigned from time to time and also contribute to academic administration as per the norms set by the Institute.
II. COMPENSATION:
The faculty shall be governed by workload norms as stipulated by the Institute from time to time.
Designation and Compensation (as per Seventh Central Pay Commission scale) and other allowances will commensurate with that of qualification, relevant experience, teaching hours and other applicable deliverables.
III. TERMS OF APPOINTMENT:
The selected candidate shall initially be appointed on contract / deputation for a term of 3 years or on course specific mutually agreed terms, which may further be extended based on performance.
The Institute reserves the right to terminate the contract by giving one month’s notice. The institute also reserves the right to relax the previously mentioned eligibility criteria for a deserving candidate.
IV. GENERAL INSTRUCTIONS:
1. Mode of Selection shall be an interaction of the short-listed candidates with a “Selection Committee” constituted for the purpose. Interaction shall be mostly web-based. However, outstation candidates if called physically for interaction will be reimbursed ‘Y’ Class Air fare for the to and fro journey, subject to submission of necessary documentary evidence.
2. The Institute reserves the right to modify the mode of selection, if deemed fit. It reserves the right to raise the minimum standards in respect of age / qualification / experience, in order to restrict the number of candidates to be called for the interaction. Thus, merely fulfilling the eligibility criteria laid down in the advertisement as regards age/qualifications/experience would not automatically entitle any candidate to be called for the interaction.
3. The Institute reserves the right to reject any or all the applications without assigning any reasons therefor. The Selection Committee may seek nominations from various sources including from eminent persons in the field and or may seek candidature from suitable persons.
4. Canvassing in any form will disqualify the candidate.
5. Candidates shall satisfy themselves about their eligibility for the post applied for. The Institute shall determine their eligibility only at the final stage, i.e., while calling them for interaction.
6. If the candidates are not eligible or have knowingly or willfully furnished incorrect or false particulars or suppressed material information, their candidature will be liable to be rejected at any stage of the selection. If the candidate qualifies in the selection process and subsequently it is found that he/she does not fulfill the eligibility criteria, his/her candidature will be cancelled and, if appointed, the contract would be terminated without any notice or compensation.
7. The decision of the Institute in all matters would be final and binding, and no correspondence in this regard would be entertained.
Application Process
1. Candidates, who are in service of any organization and applying for the above faculty positions, shall produce a “No Objection Certificate’ from their employer, at the time of interaction and a proper discharge certificate before appointment.
2. Candidates who are in service of Government / Quasi-Government Organizations/Public Sector Undertakings and applying for the above faculty positions on deputation basis, shall route their applications through their employers. They shall also furnish vigilance clearance (major/minor penalties, if any, imposed during last 10 years) and Annual Confidential Reports for last 5 years along with the application.
3. Candidates are required to apply Online before 5 PM, September 30, 2022 through the website www.nism.ac.in by clicking at “Recruitment” on homepage and following the instructions thereafter. In case of any issues/difficulty in filling the application online, please feel free to connect with us at [email protected].
