Risk Specialist

RECRUITMENT OF SPECIALIST CADRE OFFICER ON REGULAR BASIS

(ADVERTISEMENT NO: CRPD/SCO/2026-27/27)

ONLINE REGISTRATION OF APPLICATION & PAYMENT OF FEES: FROM 02.11.2026 TO 23.11.2026

State Bank of India invites online applications from eligible Indian citizens for recruitment to the Specialist Cadre Officers Post on Regular Basis.

Candidates are requested to apply online through the link given on Banks official website https://sbi.bank.in/web/careers/current-openings. The candidates, who intend to apply for the Post are advised to apply only after carefully reading and understanding the undernoted contents of this notification.

Age (As on 31.10.2026): Minimum: 25 Years, Maximum- 35 years

Educational Qualification (As on 31.10.2026):

• Mandatory: (i) CA or (ii) CFA or (iii) MBA / PGDM or equivalent degree in Finance / Data Analytics / Business Analytics from a recognized institute.

Other Qualification / Certification (Valid as on 31.10.2026):

• Preferred: Financial Risk Manager (FRM) by GARP OR Professional Risk Managers by PRMIA.

Type of Vacancy: Regular

Grade: MMGS-II

Vacancies: UR-3

OTHER QUALIFICATION / CERTIFICATION (AS ON 31.10.2026): Preferred: (Valid as on 31.10.2026)

Financial Risk Manager (FRM) by GARP OR Professional Risk Managers by PRMIA.

WORK EXPERIENCE (POST-BASIC QUALIFICATION) (AS ON 31.10.2026):

Mandatory:

Minimum 2 years of post-qualification work experience in dealing with Expected Credit Loss (ECL) related modelling in Risk Management Department of any Bank / Financial Institution / Rating Agency / Brokerage firm or Risk Advisory in Consulting Firm.

(Training & Teaching experience will not be counted for eligibility).

SPECIFIC SKILLS REQUIRED:

• Excellent Communication Skills
• Problem Solving Attitude
• Analytical Thinking
• Excellent Data analytical skills and comfortable working with large datasets
• Experience in working on applications like Python, R, SPSS, SAS, etc.
• Excellent skills in MS office, especially in MS Excel and PowerPoint etc.

IMPORTANT POINTS:

The educational qualification prescribed for the post is minimum. Candidate must possess the Post Basic qualification and relevant full-time experience as on specified dates.

The relevant experience certificate from the employer must contain specifically that the candidate had experience in that related field as required.

DETAILS OF BRIEF JOB PROFILE & KRAs:

Job Profile:

• Development of Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models for various loan portfolio and investments on which ECL is applicable.
• Development of Macroeconomic Overlays models required as per regulatory guidelines
• Implementation of PD, LGD and EAD Models in OFSAA
• Period Monitoring, Maintenance and validation of above models
• Preparation of Framework for Determination of Stage under ECL
• Identification of Significant Increase in Credit Risk (SICR) triggers along with setting qualitative and quantitative triggers for various portfolio.
• Coordinate with Auditors & Regulator, BUs & other stakeholders throughout model lifecycle
• Suggest changes in policies / system / processes due to ECL provisioning
• Participate in outreach program / workshops on new provisioning calculations.
• Maintain proper Model documents and database required for audit & regulatory supervision
• Perform any task as and when allotted to achieve Banks goals in timely manner.

KRAs:

• Develop models required for ECL computation using industry best practices and using statistical and machine learning techniques
• Document end to end workings as per Model lifecycle management
• Collaborate with cross-functional teams to understand business requirements and translate them into model specifications
• Perform data extraction, cleaning, and preprocessing to prepare datasets for modelling
• Assess conceptual soundness, input integrity, calibration, back-testing, and outcome analysis
• Coordinate with Auditors to submit required disclosure
• Prepare process notes, model documentation, Business Requirement document
• Submit periodic reports to senior management, and regulators if required
• Organizing workshops and training
• Be responsible for model life cycle management as per the Banks policy
• Support in system and IT integration tools

Remarks: Actual KRAs shall be assigned on joining. Job Profile / KRAs mentioned above are illustrative. Roles / Responsibilities / Activities / Key Interactions/ Jobs in addition to the above-mentioned may be assigned by the Bank from time to time depending upon the requirement.

The candidates selected on Regular posts will be governed by the Service Rules applicable to the employees of the SBI.

PAY SCALE: Basic Pay: (64820-2340/[phone removed]/10-93960)

PROBATION PERIOD / CONFIRMATION: The selected candidates, after appointment, shall be on probation as per existing Banks recruitment Policy in-force / amended/ modified from time to time.

HOW TO APPLY: Candidates should have valid email ID/Mobile phone number which should be kept active till the declaration of result. It will help him/her in getting call letter/Interview advises etc. by email or over mobile by SMS.

GUIDELINES FOR FILLING ONLINE APPLICATION:

1. Candidates will be required to register themselves online through the link available on SBI website https://sbi.bank.in/web/careers/current-openings and pay the application fee using Internet Banking/ Debit Card/ Credit Card etc.
2. Candidates should first scan their latest photograph and signature. Online application will not be registered unless candidate uploads his/ her photo and signature as specified on the online registration page (under How to Upload Document).

iii. Candidates should fill the application carefully. Once application is filled-in completely, candidate should submit the same. In the event of candidate not being able to fill the application in one go, he can save the information already entered. When the information/application is saved, a provisional registration number and password is generated by the system and displayed on the screen. Candidate should note down the registration number and password. They can re-open the saved application using registration number and password and edit the particulars, if needed. This facility of editing the saved information will be available for three times only. Once the application is filled completely, candidate should submit the same and proceed for online payment of fee.

1. After registering online, the candidates are advised to take a printout of the system generated online application forms.

GUIDELINES FOR PAYMENT OF FEES:

1. Application fees and Intimation Charges (Non-refundable) is Rs 750/- (Rupees Seven Hundred Fifty only) for General/EWS/OBC candidates and no fees/intimation charges for SC/ ST/ PwBD candidates.
2. After ensuring correctness of the particulars in the application form, candidates are required to pay the fees through payment gateway integrated with the application. No change/ edit in the application will be allowed thereafter.

iii. Fee payment will have to be made online through payment gateway available thereat. The payment can be made by using Debit Card/ Credit Card/ Internet Banking etc. by providing information as asked on the screen. Transaction charges for online payment, if any, will be borne by the candidates.

1. On successful completion of the transaction, e-receipt and application form, bearing the date of submission by the candidate, will be generated which should be printed and retained by the candidate.
2. If the online payment of fee is not successfully completed in first instance, please make fresh attempts to make online payment.
3. A provision is there to reprint the e-Receipt and Application form containing fee details, at later stage.

vii. Application Fee once paid will NOT be refunded on any account NOR can it be adjusted for any other examination or selection in future.