Research Director

Job Description & Qualification

JEL Classifications:
C -- Mathematical and Quantitative Methods
E -- Macroeconomics and Monetary Economics
F -- International Economics
G -- Financial Economics

The Center for Advanced Financial Research and Analysis (CAFRAL), which is promoted by the Reserve Bank of India, is based in Mumbai, India. Its mandate is to build intellectual capacity in macroeconomics and finance and support policy analysis at the Reserve Bank of India. Information about CAFRAL can be found at our website:

CAFRAL is looking to recruit up to three economists in the above fields. Economists are expected to produce high quality research for publication in internationally reputed journals as well as support internal policy analysis. Successful candidates will be required to have excellent research and communication skills.
The current recruitment is at the junior level - from fresh PhD’s and researchers with maximum 4 years work experience post-PhD. The position offers an initial contract of three years. Salary and remuneration will be commensurate with industry standards.

Minimum Requirements: Candidates must have a PhD in economics, finance, or a related discipline; or be a PhD candidate in economics, finance, or a related discipline preparing to defend dissertation. Candidates should be able to demonstrate their skills in conducting research through recent research paper(s) or a Ph.D. thesis. While applicants from other fields will also be considered, fields of particular interest to CAFRAL are financial economics, macroeconomics, monetary economics, monetary policy, and international finance.

Application Procedure

Application materials should be uploaded here:

About the Organization

The Centre for Advanced Financial Research and Learning (CAFRAL) is an independent body set up by the Reserve Bank of India (RBI) in the backdrop of India’s evolving role in the global economy, in the financial services sector and its position in various international fora, and to develop into a world class global institution for research and learning in banking and finance.

The Governor of RBI is the Chairman of the Governing Council of CAFRAL. CAFRAL’s learning arm is engaged in conducting seminars, conferences and other learning programs that serve as a platform for exchange of high-level policy dialogues between the various stakeholders by bringing together regulators, policy makers, bankers, academicians, researchers and practitioners. It also conducts advanced programs for enhancing professional capabilities of senior executives in the financial sector.

CAFRAL’s research focus is on the areas of banking and finance. Within these broad areas, our interests include financial institutions, financial markets, behavioural finance, corporate finance, household finance and related areas of macro-finance such as monetary economics or international finance. CAFRAL aims to build intellectual capacity in these areas though its own staff, by hosting researchers of international repute and facilitating collaborative research by building data resources and analytical capabilities.

Additional Information

Interested candidates should submit their curriculum vita, job market paper, recent research papers, and three letters of reference. Selected candidates will be interviewed at the ASSA meetings in Atlanta in January 2019

For Additional Questions

Job ID

ID: J8790