Executive Director at Securities and Exchange Board of India (SEBI), Mumbai (1 Post, Contract/Deputation, Annual CTC approx Rs 1.27 Crore)

The Securities and Exchange Board of India (SEBI) is a statutory regulatory body established by an Act of Parliament to protect the interests of investors in securities, to promote the development of the securities market and to regulate it. SEBI invites applications from Indian citizens for the post of Executive Director — 1 (one) post, on contract or deputation basis.

Executive Director is among the senior-most positions in SEBI's executive hierarchy, immediately below the Whole Time Members and the Chairman. The role calls for leadership on regulatory policy and enforcement across India's securities market.

This is a multi-discipline recruitment in which Law is expressly recognised in two distinct ways:

• LLB is a listed qualifying degree, alongside MBA/MMS (Finance), CA, CS, CFA, CWA and post-graduation in Economics or Finance.
• The experience requirement expressly accepts special knowledge or experience of Law and of Investigation, as an alternative to experience in dealing with problems relating to the securities market.

Senior legal professionals with two decades in securities regulation, financial-sector litigation, enforcement, or regulatory advisory work are therefore squarely within the eligible pool.

On contract basis: MBA/MMS with specialization in Finance / CA / CS / CFA / CWA / LLB / Post Graduation in Economics, Finance or any other discipline which in the opinion of the Board is useful, from a recognized University or Institution, with a minimum of 20 years of post-qualification experience in dealing with problems relating to the securities market, or special knowledge/experience of Law, Investigation, Finance, Economics, Accountancy, Administration or any other discipline considered useful to the Board.

On deputation basis: Deputation from Government, RBI, Banks or Financial Institutions, with not less than 20 years of experience in dealing with problems relating to the securities market, or special knowledge/experience of Law, Investigation, Finance, Economics, Accountancy, Administration or any other discipline considered useful to the Board.

As on June 30, 2026, the candidate must be not less than 40 years and not more than 55 years of age. However, in deserving cases, candidates up to a maximum of 57 years as on June 30, 2026 may be considered.

Scale of pay: As admissible to an Executive Director, SEBI. The present applicable SEBI scale of pay for Executive Director is Rs 3,12,000 - 10,000 (2) - 3,32,000 (3 years).

Monthly gross emoluments at the beginning of the scale work out to approximately Rs 7.47 lakh (with Board-provided accommodation) or Rs 8.97 lakh (without accommodation). Annual CTC: approximately Rs 1.27 crore (without accommodation).

Other benefits include Leave Fare Concession, Medical Benefits, Accident Insurance, Residential Office Allowance, Staff Furnishing Scheme, Children Education Allowance, and Vehicle Maintenance (including driver's salary).

Candidates appointed on deputation basis have the option to draw pay and allowances as admissible in their parent organization, or the scale of pay admissible in SEBI.

On contract basis, the appointment is purely contractual for a period of three years. The contract may be terminated by either side on 3 months' notice, or 3 months' salary and allowances in lieu thereof.

On deputation basis, the appointment is for a period of three years.

A candidate appointed on deputation or contract will not be entitled to permanent employment with SEBI. SEBI reserves the right not to fill up the post at all, and to cancel the advertisement fully or partly.

The mode of selection will be Interview. To widen the pool of suitable candidates, the Board will also follow a search-cum-selection process. The Board reserves the right to modify the selection procedure if deemed fit.

Outstation candidates called for interview will be reimbursed economy class air fare for the to-and-fro journey by the shortest route from their place of residence to the place of interview, subject to submission of necessary documentation.

The Board shall determine eligibility only at the stage of shortlisting for interview, and reserves the right to relax certain eligibility criteria in deserving cases. Canvassing in any form will disqualify the candidate.

All candidates must mandatorily fill the online application form through the official SEBI link (also available on the SEBI website under the Careers section). The online link remains open from June 26, 2026 to July 25, 2026. Applications which are not submitted online, and where only a hard copy has been submitted, will not be considered.

After applying online, a hard copy in the prescribed format with supporting documents must also be submitted by: candidates applying on deputation who must route applications through their employer; candidates applying on contract who must route applications through their employer; and any candidate whose supporting documents are too bulky to upload.

Hard copies must be sent in a sealed cover superscribed 'SEBI – application for the post of Executive Director' to The Chief General Manager (HRD), Securities and Exchange Board of India, Plot No. C4-A, "G" Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051. Alternatively, applications with supporting documents in the prescribed format may be sent by email to edrecruitment@sebi.gov.in.

• Candidates already in the service of Government/Quasi-Government organizations and Public Sector Banks/Undertakings must produce a No Objection Certificate from their employer on or before the date of interview. A proper discharge certificate from the previous employer must be produced before appointment in SEBI.
• Deputation candidates must furnish Vigilance Clearance (major/minor penalties, if any, imposed during the last 10 years), Cadre Clearance and Annual Confidential Reports for the last 5 years — preferably before the last date of application, but mandatorily on or before the date of interview. Non-receipt of these documents by the interview date renders the applicant ineligible to appear.
• SEBI officers in the rank of Chief General Manager may also apply for the post on contract basis subject to fulfilling the eligibility criteria; their candidature will be considered strictly on suitability and merit, and if selected they must resign/retire from the services of the Board. Preference will be given to an external candidate for the advertised post.
• Applications received after the due date will not be entertained. The decision of the Board in all matters is final and binding.