Leading commodity bourse Multi Commodity Exchange of India on Monday (November 27) has invited applications from qualified candidates for the position of managing director and chief executive officer.
The vacancy will take effect from May 10, 2024, which is when the current incumbent's tenure will end. Aspiring candidates should possess a solid educational background, including qualifications such as CA/MBA/LLB/B Tech or equivalent from renowned institutions.
The ideal candidate will have to be a seasoned professional with over 20 years of experience in commodities, securities, and capital markets, coupled with financial and general management expertise. Further, a comprehensive understanding of technology and operations in the financial services sector is deemed essential.
The applicant should have a minimum of five years experience in a senior leadership position, preferably within exchanges or the financial sector.
A proven track record and a forward-thinking vision to elevate MCX to new heights are key criteria. Effective communication and networking skills, along with the ability to manage external relationships and stakeholders, are highly valued.
Applicants should be under 60 years of age as of the date of the vacancy announcement, and the eligibility criteria under the Companies Act and SEBI Regulations must be met. The exchange may consider relaxation in qualifying the criteria in deserving cases based on merit.
The selected MD and CEO will be entrusted with overseeing the affairs of the exchange under the guidance of the board of directors.
The remuneration will be commensurate with the candidate's qualifications and experience, aligning with industry standards. However, all aspects of the appointment, including terms, conditions, and remuneration, are subject to SEBI approval.
The tenure of the appointment is up to five years, with the possibility of renewal based on performance reviews and SEBI's endorsement.
(Edited by : Shoma Bhattacharjee)
First Published: Nov 27, 2023 8:29 PM IST
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