Thursday, May 18, 2017

Min. Qualifications - Chief Financial Officer (CFO) and Chief Technology Officer (CTO)



RBI has advised that banks, while inviting applications for the post of Chief Financial Officer (CFO) and Chief Technology Officer (CTO), stipulate minimum qualifications and experience as below. Banks may, however, prescribe additional qualifications and experience if they want to.

(i) Chief Financial Officer

Minimum Qualification: Qualified Chartered Accountant.

Experience: 15 years in overseeing financial operations in banks/large corporate/ PSUs/ FIs/financial services organizations, of which 10 years should be in Banks/FIs (of which 5 years should be at senior management level).

(ii) Chief Technology Officer

Minimum Qualification: Engineering Graduate or MCA or equivalent qualification from a recognized University / Institution.

Experience: 15 years in relevant areas. Should have worked in Banking-IT related areas/projects involving IT Policy and Planning/ Financial Networks and Applications/ Financial Information Systems/ Cyber Security Technologies/ Payment Technologies, etc., of which 5 years should be at senior management level.
Based on RBI circular dated 18th May 2017. For further clarification please refer www.rbi.org.in