Recruitment Of Specialist Cadre Officers On Regular Basis - State Bank of India

Introduction

State Bank of India (SBI) invites online applications from eligible Indian citizens for appointment to Specialist Cadre Officers Posts on a Regular Basis. Candidates are advised to apply online through the link provided on the Bank's official website and to carefully read and understand the contents of this notification before applying.

Important Instructions

Eligibility: Candidates must ensure they fulfill all eligibility criteria for the post(s) as on the date of eligibility. Online application and fee payment are mandatory by the last date.
Application Mode: Apply online only via the Bank's official website. No hard copies of applications or documents need to be sent.
Timely Application: Candidates are advised to apply well before the closing date to avoid potential issues due to heavy internet load or website jams. SBI is not responsible for submission failures due to external reasons.
Accuracy: Before submission, verify all details filled in the application form. No changes or corrections will be allowed after the online application window expires.
Communication: A valid Email ID and Mobile phone number must be kept active until result declaration for receiving call letters, interview advice, and other communications via email or SMS.
Posting/Transfer: The Bank reserves the right to post/transfer recruited officers to any SBI office in India or to associate/subsidiary organizations based on service exigencies. Requests for specific postings will not be entertained.
Updates: Candidates must regularly check https://sbi.bank.in/web/careers/current-openings for updates. No separate intimation will be issued for changes, updates, revisions, corrigendum, results, schedules, or lists of shortlisted/selected candidates. Call letters/advice will be sent by e-mail only.
Document Upload: All required documents (Resume, ID proof, Age proof, Caste Certificate (if applicable), PwBD Certificate (if applicable), Educational qualification, other qualifications/certifications, Proof of Experience, etc.) must be uploaded. Failure to upload will lead to non-consideration for Shortlisting/Interview.
Provisional Admission: Admission to all stages of recruitment (e.g., shortlisting, interview) is purely provisional, subject to satisfying eligibility conditions. Shortlisting is provisional without document verification. Candidature is subject to verification of original documents at the time of interview.
Appointment: Selected candidates' appointment is subject to verification of eligibility, credentials, certificates, satisfactory references, medical examination, and antecedents.
Relaxation Claims: Candidates seeking age relaxation or fee exemption must submit valid requisite certificates from the Competent Authority in the prescribed format when requested. Failure to do so will result in cancellation of candidature.
Adverse Reports: Candidates with adverse reports regarding character, antecedents, or moral turpitude are not eligible. If found post-selection, candidature/services will be rejected.
Multiple Applications: Candidates are not allowed to apply for more than one post. If multiple applications are submitted, only the last valid (completed) application will be retained, and fees for other registrations will be forfeited. Multiple attendance at interview/joining will result in rejection.
Vacancy Changes: The Bank reserves the right to change notified vacancies, including reserved ones, without assigning any reasons.
Recruitment Process Modification: The Bank reserves the right to cancel or modify the recruitment process entirely or partially at any stage/time for any particular post/all posts, without assigning any reasons. The Bank will not be liable to refund fees or pay compensation.
Misrepresentation: Furnishing false information or suppressing facts will lead to disqualification, debarment, and legal/criminal action. Fraud/impersonation will result in debarment from future recruitment processes.
Probation: Selected candidates will be on probation as per the Bank's recruitment policy.
Pay Scale: All appointments will be at the starting stage of the pay scale admissible to the post.
Interview Venues: The Bank will decide interview venues, and no requests in this regard will be entertained.
Eligibility at Interview: If a candidate called for interview is found not satisfying eligibility criteria, they will not be allowed to appear and will not be reimbursed for travelling expenses.
Tie-breaking: In case of a tie in marks on the final merit list, candidates will be ranked by age in descending order.
No Objection Certificate (NOC): Candidates serving in Government/Quasi Government offices, Public Sector Undertakings (including Nationalized Banks), and Financial Institutions must submit a 'No Objection Certificate' from their employer at the time of interview. Failure to do so will lead to non-consideration and no travel expenses reimbursement.
Discharge Certificate: Upon selection, candidates must produce a proper discharge certificate from their current employer at the time of taking up the appointment.
CIBIL Status: Candidates who have defaulted in repayment under any lending arrangement with Banks/NBFCs/Financial Institutions (including credit card dues) and have not regularized/repaid their outstanding amounts by the date of issuance of the offer of appointment will not be eligible. If regularized by the offer date but CIBIL status is not updated by the joining date, they must update CIBIL or provide NOCs from lenders. Adverse CIBIL reports make candidates ineligible.

Details of Posts, Grade, Vacancy, and Age

SI. No.	Name of Post	Grade	Vacancies (OBC)	Vacancies (UR)	Total Vacancies	PwBD (VI)	Min Age (as on 01.11.2025)	Max Age (as on 01.11.2025)
1.	Manager (Risk Specialist - Model Risk Management)	MMGS-III	1	4	5	1	28	40
2.	Deputy Manager (Risk Specialist - Model Risk Management)	MMGS-II	1	4	5	1	25	35
Total			2	8	10	2

Abbreviations:
- MMGS: Middle Management Grade Scale
- SC: Scheduled Caste
- ST: Scheduled Tribe
- OBC: Other Backward Classes (Non-Creamy Layer)
- EWS: Economically Weaker Sections
- UR: Unreserved
- PwBD: Persons with Benchmark Disabilities
- VI: Visually Impaired
- HI: Hearing Impaired
- LD: Locomotor Disability
- D&E: Deaf & Hard of Hearing

Important Points (Reservation and Age Relaxation)

PwBD reservation is horizontal and included within the respective parent category.
Vacancies are provisional and may vary.
Posting/Placement is at the sole discretion of the Bank.
Maximum age indicated is for Unreserved category candidates. Age relaxation for reserved categories is as per Government of India guidelines.
OBC candidates belonging to the 'Creamy Layer' are not entitled to OBC reservation/age relaxation and should apply under 'UR' or 'UR (PwBD)'.
OBC candidates must submit a declaration of not belonging to the 'Creamy Layer' in the prescribed format. An OBC certificate (non-creamy layer) issued between 01.04.2025 and the interview date is required. No extension for certificate production will be granted.
Reserved category candidates (including PwBD) can apply for Unreserved vacancies if eligible.
Reservation/relaxation benefits are subject to the production of a valid Caste certificate issued by the Competent Authority in the Government of India format.
Age Relaxation:
- OBC (Non-Creamy Layer): 3 years
- SC/ST: 5 years
- PwBD (UR/EWS): 10 years
- PwBD (OBC): 13 years
- PwBD (SC/ST): 15 years
- Note: Cumulative age relaxation is not available. Certificates must be submitted at the interview. No category change after online application.
PwBD candidates must produce a certificate issued by a competent authority as per Government of India guidelines.
"Benchmark disability" means a person with not less than 40% of a specified disability. Candidates must submit the latest Disability Certificate (GoI format) dated on or before the last date of application registration. Failure to provide a valid certificate will result in cancellation of candidature. Horizontal reservation is provided as per Section 34 of "The Rights of Persons with Disabilities Act (RPWD), 2016".

Educational Qualification, Certification, Work Experience, and Specific Skills

1. Manager (Risk Specialist - Model Risk Management) (MMGS-III)

Basic Qualification (Mandatory, as on 01.11.2025):
- Bachelor's degree in Finance / Mathematics / Statistics OR BE/B.Tech. in Data Science / IT/ Computer Science / Software Engineering.
- From a University/Institution/Board recognized by Govt. Of India/AICTE/UGC/approved by Govt. Regulatory Bodies.
Preferred Qualification:
- MBA/PGDM/PGDBM/PGDBA in Finance / Post Graduate Degree in Statistics / Mathematics / Economics / Econometrics.
Preferred Certifications (Valid as on 01.11.2025):
- FRM by GARP
- PRM by PRIMA
- CFA
- CQF
- Any Certification in ML/AI/Natural Language Processing, Web Crawling and Neutral Networks.
Work Experience (Mandatory, Post-Basic Qualification, as on 01.11.2025):
- Minimum 5 years of experience in quantitative/risk analytics/Valuation/Model Validation/General Accounting policies, Investments/Derivatives etc., in commercial Banks/NBFC/Investment Banks.
- AND, out of the total 5 years, minimum 3 years of experience with programming languages used in data science (R/Python or Similar Language).
- Training & Teaching experience will not be counted. Experience certificates and other documents evidencing relevant experience must be submitted.
Specific Skills:
- Technical Skills: Proficiency in statistical analysis software and programming languages (e.g., R, Python, SAS). Familiarity with financial modelling tools and techniques.
- Excellent Communication Skills (verbal and written).
- Knowledge of Java, Machine learning/Artificial Intelligence would be a plus.
- Self-motivated, proactive, with exceptional drive towards delivery.
- Familiarity with developing models using semi-structured as well as unstructured data.
- End-to-end experience from data extraction to modelling and its validation.
- Experience of working in a project environment as a developer.

2. Deputy Manager (Risk Specialist - Model Risk Management) (MMGS-II)

Basic Qualification (Mandatory, as on 01.11.2025):
- Bachelor's degree in Finance / Mathematics / Statistics OR BE/B.Tech. in Data Science / IT/ Computer Science / Software Engineering.
- From a University/Institution/Board recognized by Govt. Of India/AICTE/UGC/approved by Govt. Regulatory Bodies.
Preferred Qualification:
- MBA/PGDM/PGDBM/PGDBA in Finance / Post Graduate Degree in Statistics / Mathematics / Economics / Econometrics.
Preferred Certifications (Valid as on 01.11.2025):
- FRM by GARP
- PRM by PRIMA
- CFA
- CQF
- Any Certification in ML/AI/Natural Language Processing, Web Crawling and Neutral Networks.
Work Experience (Mandatory, Post-Basic Qualification, as on 01.11.2025):
- Minimum 3 years of experience in quantitative/risk analytics/Valuation/Model Validation/General Accounting policies, Investments/Derivatives etc., in commercial Banks/NBFC/Investment Banks.
- AND, out of the total 3 years, minimum 2 years of experience with programming languages used in data science (R/Python or Similar Language).
- Training & Teaching experience will not be counted. Experience certificates and other documents evidencing relevant experience must be submitted.
Specific Skills:
- Technical Skills: Proficiency in statistical analysis software and programming languages (e.g., R, Python, SAS). Familiarity with financial modelling tools and techniques.
- Excellent Communication Skills (verbal and written).
- Knowledge of Java, Machine learning/Artificial Intelligence would be a plus.
- Self-motivated, proactive, with exceptional drive towards delivery.
- Familiarity with developing models using semi-structured as well as unstructured data.
- End-to-end experience from data extraction to modelling and its validation.
- Experience of working in a project environment as a developer.

Job Profile, Role & Responsibilities, Functions & Activities

Model Validator (Common for Manager and Deputy Manager)

Role: Model Validator
Responsibilities and Functions:
- Model Validation: Assist in the validation of financial models to ensure accuracy, reliability, and compliance with regulatory standards.
- Data Analysis: Conduct statistical analysis and stress testing on models to evaluate their performance and robustness.
- Documentation: Prepare detailed documentation of validation processes, findings, and recommendations.
- Collaboration: Work closely with senior model validators, risk management, finance, and IT departments to support model validation activities.
- Compliance: Ensure models adhere to internal policies and regulatory requirements.
- Continuous Improvement: Contribute to the development and enhancement of model validation frameworks and methodologies.
- Reporting: Assist in the preparation of validation reports for senior management and regulatory bodies.
- Any other role as assigned by the Bank.
Key Result Areas (KRAs) (Indicative):
- Independently validate all models.
- Develop calculation methodologies for valuation adjustment models.
- Develop Trading Risk methodologies (IRC/DRC, VaR scenarios, Stress test, Economic capital models).
- Develop Counterparty Credit risk models.
- Develop and maintain credit risk models using statistical and machine learning techniques.
- Collaborate with cross-functional teams to understand business requirements and translate them into model specifications.
- Perform data extraction, cleaning, and preprocessing.
- Validate and back-test models for accuracy and reliability.
- Assess conceptual soundness, input integrity, calibration, back-testing, and outcome analysis.
- Document validation reports and track findings for timely closure.
- Coordinate with model owners.
- Monitor ongoing performance of models.
- Coordinate with Audit department and submit disclosures.
- Submit periodic reports to senior management and regulators.
- Organize workshops and trainings on model risk, validation techniques, and regulatory developments.
- Responsible for model life cycle management.
- Call periodic meetings of various entities/sub-groups.
- Support in system and IT integration tools.
- Note: Actual KRAs may be assigned on joining and are subject to amendment.

Remuneration and Suggested Place of Posting

1. Manager (Risk Specialist - Model Risk Management) (MMGS-III):
- Scale of Pay: Basic: 85920-2680/5-99320-2980/2-105280
- Emoluments: Eligible for DA, HRA, CCA, PF, Contributory Pension Fund (NPS), LFC, Medical Facility, leave, and other perks as per Bank rules.
- Suggested Place of Posting: Mumbai
2. Deputy Manager (Risk Specialist - Model Risk Management) (MMGS-II):
- Scale of Pay: Basic: 64820-2340/1-67160-2680/10-93960
- Emoluments: Eligible for DA, HRA, CCA, PF, Contributory Pension Fund (NPS), LFC, Medical Facility, leave, and other perks as per Bank rules.
- Suggested Place of Posting: Mumbai
Note: Suggested place of posting is indicative; selected candidates may be posted anywhere in India at the Bank's sole discretion.

Probation Period / Confirmation

Selected candidates will be on probation as per the existing Bank's recruitment policy.

Selection Process

The selection will be based on Shortlisting and Interview.

Shortlisting: Merely fulfilling minimum qualification and experience does not guarantee an interview. A shortlisting committee will decide parameters and the number of candidates to be shortlisted. The Bank's decision is final, and no correspondence will be entertained.
Interview: Carries 100 marks. Qualifying marks will be decided by the Bank.
Merit List: Prepared in descending order based on interview scores. In case of a tie, candidates will be ranked according to their age (descending order).

Call Letter for Interview

Intimation/call letters will be uploaded on the Bank's website or sent by email. No hard copy will be sent.

How to Apply

Login to https://sbi.bank.in/web/careers/current-openings.
Scroll down and click on the advertisement no. CRPD/SCO/2025-26/16.
Carefully read the detailed advertisement.
Apply Online. Corrections will not be allowed after final submission.

Guidelines for Filling Online Application

Register online, pay application fee using Internet Banking/Debit Card/Credit Card/UPI.
Scan and upload latest photograph and signature. Application will not be registered without these uploads.
Fill the application carefully. A save option is available for three edits. A provisional registration number and password will be generated.
After registering, candidates are advised to take a printout of the system-generated online application form.
Candidates seeking age relaxation must submit copies of necessary certificates at document verification. No category change is permitted after registration.

Guidelines for Payment of Fees

Application Fees (Non-refundable):
- ₹750/- (Seven Hundred Fifty only) for General/EWS/OBC candidates.
- No fees for SC/ST/PwBD candidates.
Pay fees through the payment gateway integrated with the application.
Transaction charges, if any, will be borne by the candidates.
Upon successful completion, an e-receipt and application form will be generated; print and retain these.
If online payment fails, make fresh attempts.
A provision to reprint the e-Receipt and Application form is available later.
Application Fee once paid will NOT be refunded or adjusted.

How to Upload Documents

Details of Documents to be Uploaded

Recent Photograph
Signature
Biodata (Format Attached) (PDF)
Resume (PDF)
ID Proof (PDF)
Proof of Date of Birth (PDF)
Educational Certificates: Relevant Mark-Sheets/Degree Certificate (PDF)
Experience certificates (PDF)
Caste Certificate/EWS Certificate (if applicable) (PDF)
PwBD Certificate (if applicable) (PDF)
Preferred qualification/Certification (if any) (PDF)
Form-16/Offer Letter/Latest Salary slip from current employer (PDF)

Document File Type/Size

All Documents must be in PDF (except Photograph & Signature).
Page size of the document should be A4.
File size should not exceed 500 kb.
Scanned documents must be saved as PDF, not exceeding 500 kb, and be clear/readable.

Photograph File Type/Size

Recent passport-style colour picture.
Size: 20 kb - 50 kb, Dimensions: 200 x 230 pixels (preferred).
Taken against a light-coloured, preferably white, background, looking straight at the camera with a relaxed face.
Avoid squinting or harsh shadows; ensure no "red-eye" if using flash.
If wearing glasses, ensure no reflections and eyes are clearly seen.
Caps, hats, and dark glasses are not acceptable (religious headwear allowed if face not covered).
Scanned image size not more than 50kb. Adjust scanner settings if needed.

Signature File Type/Size

Sign on white paper with Black Ink pen. Only the applicant's signature.
Used on Call Letter and wherever necessary.
Size: 10 kb - 20 kb, Dimensions: 140 x 60 pixels (preferred).
Scanned image size not more than 20kb.
Signature in CAPITAL LETTERS will NOT be accepted.

Guidelines for Scanning and Uploading

Set scanner resolution to minimum 200 dpi, Color to True Color.
Crop image to the edge of the photograph/signature, then use the upload editor to crop to final size.
Photo/signature file should be JPG or JPEG format.
Tools like MS Paint or MSOffice Picture Manager can be used to obtain/reduce size of JPG images.
Separate links for uploading each document will be provided.
Browse and select the file, then click 'Upload'.
Use 'Preview' to confirm proper upload. Error message if size/format is incorrect.
Uploaded documents cannot be edited/changed.
Check that photograph/signature images are clear and correctly uploaded. Unclear images may lead to application rejection.

General Information

Bank's Decision Final: All decisions regarding eligibility, interview, tests, and selection are final and binding. No representation or correspondence will be entertained.
Legal Consequences: Applicant liable for civil/criminal consequences for false information.
Court Jurisdiction: Any legal proceedings related to this advertisement/application will be subject to the sole and exclusive jurisdiction of Mumbai Courts/Tribunals/Forums.
Travel Reimbursement: Outstation candidates shortlisted for interview will be reimbursed shortest route Air fare (Economy Class, max Rs. 10000/- total for both sides) OR actual travel cost (whichever is lower). Local conveyance is not reimbursable. Ineligible candidates will not be reimbursed.
No Change Requests: No changes/corrections in particulars (including category) will be entertained after application submission.
Recruitment Process Modification: The Bank reserves the right to cancel/modify the recruitment process entirely or partially at any stage for any/all posts without assigning reasons.
Criminal Cases: Candidates must provide details of any pending criminal cases at the time of interview.
Suppression of Facts: Suppression of material facts will lead to cancellation/termination of candidature/selection. The Bank may also conduct independent verification (including Police Records) and reserves the right to deny appointment based on such disclosures/verification.

Contact Information

For any queries, use the "CONTACT US/Post Your Query" link available on the Bank's website: https://sbi.bank.in/web/careers/current-openings. The Bank is not liable for printing errors.