INDNotice

Engagement of Specialist Cadre Officers on Contract Basis

JOBAdded: 14 Nov 2025State Bank of India

Advertisement Details

  • Advertisement Number: CRPD/SCO/2025-26/15
  • Organization: State Bank of India, Central Recruitment & Promotion Department
  • Online Registration & Payment of Fees: From 2025-10-27 to 2025-11-17

About the Engagement

State Bank of India invites online applications from eligible Indian citizens for appointment to Specialist Cadre Officers Posts on Contract Basis.

Important Instructions

  • Application is complete only upon fee payment through online mode by the last date.
  • Candidates must ensure they fulfill eligibility criteria as of the eligibility date.
  • All relevant documents (resume, ID proof, age proof, Caste certificate, PwBD Certificate, educational qualifications, experience details, Biodata, etc.) must be uploaded. Failure to do so will lead to disqualification.
  • Short-listing is provisional; original documents will be verified at interview.
  • Ineligible candidates called for interview will not be allowed to appear or receive travelling expenses.
  • Candidates should regularly check the Bank's official website: https://sbi.bank.in/web/careers/current-openings for updates. Call letters will be sent by e-mail only (no hard copy).
  • All revisions/corrigendum will be hosted on the Bank's website.
  • In case of tie in final merit list, candidates will be ranked by age in descending order.
  • Hard copies of application/documents are not required to be sent.
  • Teaching & training experience will not be counted.
  • Candidates may apply for more than one post if all eligibility criteria are met.
  • Mere fulfillment of eligibility does not guarantee an interview call. Shortlisting parameters are decided by the Bank, and the decision is final. No correspondence will be entertained.
  • Candidates with adverse reports regarding character/antecedents are not eligible. If found post-selection, candidature/service will be rejected.
  • At the time of interview, candidates must provide details of any pending criminal case(s). Bank may conduct independent verification, including police records.
  • Furnishing false information/suppressing facts will lead to disqualification, debarment, and legal/criminal action. Fraud/impersonation will lead to debarment from future recruitment.
  • Candidates serving in Govt./Quasi Govt. offices, PSUs, Nationalized Banks, Financial Institutions, and SBI Group companies must submit a 'No Objection Certificate' (NOC) at the time of interview.

A: Details of Posts/Vacancies/ Age Criteria (As on 2025-05-01)

Sl. No. Name of Post Category SC ST OBC EWS^ UR Total PwBD (VI) PwBD (HI) PwBD (LD) PwBD (D&E$) Min Age (Years) Max Age (Years)
1 Head (Product, Investment & Research) Regular - - 1 - 1 2 - - - - 35 50
Backlog - - - - 1 1 - - - -
2 Zonal Head (Retail) Regular - - 1 - 3 4 - 1 - - 35 50
Backlog - - - - 1 1 - - - -
3 Regional Head Regular - - 1 - 4 5 - - - 1 35 50
Backlog - - 1 - 1 2 - - - -
4 Relationship Manager-Team Lead Regular 2 1 4 1 10 18 1 - 1 - 28 42
Backlog 1 - - - - 1 - 1 - -
5 Investment Specialist (IS) Regular 3 1 5 2 9 20 1 - - 1 28 42
Backlog 1 - 1 - - 2 - 1 - -
6 Investment Officer (IO) Regular 7 3 12 4 20 46 1 - - - 28 40
Backlog 1 - - - - 1 - - - -
7 Project Development Manager (Business) Regular - - - - 2 2 1 - - - 30 40
Backlog - - - - 1 1 - - - -
8 Central Research Team (Support) Regular - - - - 2 2 1 - - - 25 35
Backlog - - - - - - - - - -
  • Abbreviations: UR-Unreserved, OBC-Other Backward Class-Non-Creamy Layer, SC-Scheduled Caste, ST-Scheduled Tribe, EWS-Economically Weaker Section, VI-Visually Impaired, HI-Hearing Impaired, LD-Locomotive Disability, D&E-PwBDs as mentioned in Sec 34 (1) clause (d) & (e) of The Rights of Persons with Disabilities Act 2016.
  • EWS Vacancies: Tentative and subject to Government of India directives & litigation outcomes.
  • Age Relaxation: In upper age limit for reserved categories as per GOI guidelines.
  • Multiple Applications: Candidates can apply for more than one post.

B: Suggested Place of Posting (Circle-wise/Post-wise Vacancies)

Candidates will be given the option to indicate three different Circles for three posts (Relationship Manager (Team Lead), Investment Specialist, Investment Officer) while submitting the online application.

Sl. No. Name of the Circle Relationship Manager (Team Lead) Investment Specialist Investment Officer
1 GANDHINAGAR 1 0 1
2 AMARAVATI 1 1 2
3 BENGALURU 4 1 6
4 BHUBANESHWAR 1 0 1
5 BHOPAL 0 2 2
6 CHANDIGARH 1 0 1
7 CHENNAI 1 2 3
8 GUWAHATI 2 0 3
9 HYDERABAD 1 1 2
10 JAIPUR 1 1 0
11 KOLKATA 0 2 4
12 LUCKNOW 0 2 2
13 MAHARASHTRA 0 2 3
14 MUMBAI METRO 1 3 3
15 NEW DELHI 2 2 2
16 PATNA 0 1 3
17 THIRUVANANTHAPURAM 3 2 8
Total 19 22 46
  • Note: Bank reserves the right to transfer the services of selected officers to any of its offices in India or depute to associates/subsidiaries. Requests for specific posting/transfer will not be entertained.

Important Information

  • Candidates who previously selected and received offer letters for Wealth Management & Premier Banking (WBPM) but did not join will be debarred for two years from applying for any post.
  • Candidates previously engaged on contract for these posts who resigned from the Bank will be debarred for two years.
  • Candidates previously engaged on contract who resigned and had a caution notice issued will be barred from all future recruitments.
  • The number of vacancies is provisional and may vary.
  • Educational qualification and relevant full-time experience must be met as on specified dates.
  • Reserved category candidates (including PwBD) can apply for UR vacancies if they meet UR eligibility criteria.
  • Maximum age is for Unreserved Category candidates; age relaxation for reserved categories as per GOI guidelines.
  • Reservation as per prevailing Government of India Guidelines.
  • PwBD candidates must produce a certificate from a competent authority.
  • Reservation for PwBD candidates is horizontal.
  • OBC vacancies are for 'Non-creamy Layer'. OBC candidates in creamy layer are not entitled to relaxation/reservation.
  • OBC candidates must submit an OBC certificate (Non-Creamy Layer clause) in the format prescribed by the Govt. of India, issued between 2025-04-01 and the interview date. No extension for certificate production will be entertained.
  • Non-production of caste certificate in prescribed format may lead to cancellation of candidature.
  • EWS reservation is governed by DoPT O.M. No. 36039/1/2019-Estt (Res) dtd. 31.01.2019. EWS vacancies are tentative and provisional.
  • Benefit of EWS reservation requires an "Income and Asset Certificate" issued by competent authority in prescribed format for FY2024-25 by the online application closure date.
  • EWS candidates not possessing the FY2024-25 certificate should apply under "UR Category".
  • Relevant experience certificate from the employer must specifically mention experience in the related field. Without it, candidature may be cancelled.
  • Bank reserves the right to cancel the recruitment process at any stage without specifying reasons.
  • Candidates working in SBI Group/Companies must produce an "No Objection Certificate (NOC)" from their employer.
  • Only persons with "Benchmark disability" (not less than 40% disability) are eligible for PwBD reservation. Backlog vacancies will be filled by interchange among other eligible PwBD candidates if suitable persons from the category are unavailable.
  • The period of work experience will be reckoned based on details in Biodata/Resume at shortlisting/interview. Verification will involve experience certificate, annual performance appraisal letters, appointment/relieving letters, offer letter/IT returns, or other documentary evidence.
  • Teaching and training experience will not be counted. Experience of less than six months in any organization will not be considered.

C: Remuneration & Contract Period

  • Contract Period: 5 Years (Renewable for another 4 years at the discretion of the Bank, subject to fulfillment of conditions).
  • The contract can be terminated by giving two months' notice from either side or payment/surrender of two months' compensation.
  • Annual CTC is negotiable based on experience, current emoluments, and place of posting.
  • Variable Pay/Performance Linked Pay (PLP) is based on Performance Rating and other perks.
Sl. No. Name of Post CTC Upper Range^ (Rs In Lakhs) Variable Pay /Performance Linked Pay (PLP)** Contract Period $
1 Head (Product, Investment & Research) 135.00 Eligible for Performance Linked Pay and Annual Increment based on the performance rating measured as per Bank's Policy. 5 Years (Renewable another 4 years at the discretion of the Bank subject to fulfillment of any such conditions as may be stipulated by the Bank)
2 Zonal Head (Retail) 97.00
3 Regional Head 66.40
4 Relationship Manager-Team Lead 51.80
5 Investment Specialist 44.50
6 Investment Officer 27.10
7 Project Development Manager (Business) 30.10
8 Central Research Team (Support) 20.60

Bifurcation of Annual CTC (Maximum Limit)

Sl. No. Post Fixed Pay Conveyance, Mobile, Medical Allowances Performance Linked Pay Annual Increment Band
1 Head (Product, Investment & Research) INR 99.62 Lakhs INR 0.38 Lakhs 35% of Fixed Pay 0% to 25%
2 Zonal Head (Retail) INR 66.00 Lakhs INR 1.10 Lakhs 45% of Fixed Pay 0% to 25%
3 Regional Head INR 45.00 Lakhs INR 1.10 Lakhs 45% of Fixed Pay 0% to 25%
4 Relationship Manager - Team Lead INR 35.00 Lakhs INR 1.04 Lakhs 45% of Fixed Pay 0% to 25%
5 Investment Specialist INR 30.00 Lakhs INR 0.92 Lakhs 45% of Fixed Pay 0% to 25%
6 Investment Officer INR 18.00 Lakhs INR 0.92 Lakhs 45% of Fixed Pay 0% to 25%
7 Project Development Manager (Business) INR 22.00 Lakhs INR 0.32 Lakhs 35% of Fixed Pay 0% to 25%
8 Central Research Team (Support) INR 15.00 Lakhs INR 0.32 Lakhs 35% of Fixed Pay 0% to 25%

D: Details of Educational Qualifications/Post-Qualification Experiences/Specific Skills/Job Profile/Key Responsibility Area

1. Post: Head (Product, Investment & Research)

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: Graduation / Post Graduation from Government recognized University / Institution or Reputed Colleges.
    • Preferred: CA / CFP / CFA / NISM Investment Advisor / NISM 21-A/ Research Analyst Certificate.
  • Post-Qualification Experience (As on 2025-05-01)
    • Essential: Minimum 15 years of relevant work experience in financial services, financial product development, investment advisory and private Banking.
    • Minimum 8 years of experience in Wealth Management (inclusive of 8 years in total).
    • Preferred: Knowledge of Equity Products, PMS, Alternate Investments, Mutual Funds; Experience in Product Development and Structuring for Private Wealth Clients; Experience in managing Investment Counsellors/specialists at a National Level with Leading Banks; Knowledge & Experience in Market Analytics and Passion for Research in Economics trend and Products. (Skills will be tested at interview).
  • Job Profile: Designing value proposition for Wealth Management Business, managing Research & Investment Teams, ensuring high-quality research reports & product benchmarking, launching innovative products, liaison with other departments/agencies for technology solutions.
  • Key Responsibility Areas: Investment & Research, Compliance, Knowledge Sharing.

2. Post: Zonal Head (Retail)

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: Graduates from Government recognised University or Institution.
    • Preferred: MBA (Banking/Finance/ Marketing) with 60% from recognized University or Institution; CFP/CFA/NISM V-A /NISM Investment Advisor / NISM 21-A.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 15 years of experience in managing sales in Wealth Management / Retail Banking / AMCs.
    • Minimum 5 years of experience in leading a large team of Relationship Managers and Team Leads preferably in Wealth Management Firms or Asset Management Companies (AMCs).
    • Managing Wealth Management Sales in the Zone allocated.
    • Focusing on increasing Total Relationship Value (TRV) and Assets Under Management (AUM) of customers.
  • Job Profile: Managing Zonal Sales for Wealth Management Business, managing RM Teams for budget achievement, acquiring HNI and Affluent Customers, ensuring compliance, Zone Development (seminars, meets, campaigns), ensuring customer satisfaction.
  • Key Responsibility Areas: Managing Zonal Sales for the Wealth Management Business, Acquiring HNI and Affluent Clients, Compliance, Zone Development.

3. Post: Regional Head

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: Graduates from Government recognised University or Institution.
    • Preferred: MBA (Banking/Finance/ Marketing) with 60% from recognized University or Institution; CFP/CFA/NISM V-A /NISM Investment Advisor / NISM 21-A.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 12+ years of experience in relationship management preferably in wealth management with leading Public / Private / Foreign Banks / Wealth Management Firms / AMCs.
    • 5+ years of experience in leading a large team of Relationship Managers or a Team Lead preferably in Wealth Management Firms or Asset Management Company (AMC).
  • Job profile: Managing a team of Relationship Managers & RM (Team Lead) s & Investment Officers for the Wealth Management Business of the allotted Circle(s); Achieving target for acquiring, nurturing, growing & strengthening relationship within the Affluent and UHNI/HNI segment of Clients; Cross selling Investment, Insurance products & other Asset Classes; Focusing on increasing Total Relationship Value (TRV), Assets Under Management (AUM), Investment AUM & Increase in Product per Clients.
  • Key Responsibility Areas: Acquire HNI and Affluent Clients, Deepen Relationships, Branch Development.

4. Post: Relationship Manager-Team Lead

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: Graduates from Government recognised University or Institution.
    • Preferred: MBA (Banking/Finance/ Marketing) with 60% from recognized University or Institution; CFP/CFA/NISM V-A / NISM Investment Advisor / NISM 21-A.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 8 years in relationship management preferably in wealth management with leading Public/Private/Foreign Banks/ Broking/ Security firms/Asset Management Company (AMC).
    • Experience as a Team Lead is preferred.
  • Job profile: Managing a team of Relationship Managers for the Wealth Management Business; Acquiring, nurturing, growing and strengthening relationship within the Affluent and HNI segment of Clients; Selling a range of Investment and Insurance products; Focusing on increasing Total Relationship Value (TRV) and Assets Under Management (AUM) of Clients.
  • Key Responsibility Areas: Acquire HNI and Affluent Clients, Deepen Relationships, Wealth Management, Compliance, Branch Development.

5. Post: Investment Specialist (IS)

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: A Professional Qualification in PG Degree or PG Diploma in Finance / Accountancy / Business Management/ Commerce / Economics / Capital Markets /Banking/ Insurance / Actuarial Science from recognised College / University or CA /CFA.
    • Preferred: CA / CFP / CFA / NISM Investment Advisor / Research Analyst Certificate / Certification by NISM 21-A.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 6 years of post-qualification experience as an investment advisor / counsellor /Officer/ part of product team in Wealth Management Firms / AMCs.
  • Specific Skills required (if any)
    • Preferred: Good knowledge of investments and markets across asset classes; Experience in managing and advising client portfolios; Good knowledge of asset allocation and re-balancing techniques; Superior presentation skills & other core competencies; Experience in products of fixed income, equity & alternate markets. (Skills will be tested in interview).
  • Job profile: Guiding clients on financial services products; Wide ranging experience across categories (MF, FI, Structured Products, Discretionary Portfolios, Alternate Products); Strong focus on due diligence, quantitative technique and asset allocation.
  • Key Responsibility Areas: Assisting VP Wealth/Relationship Manager/RM Wealth in providing expert opinion regarding investments, Wealth Management, Compliance.

6. Post: Investment Officer (IO)

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: A Professional Qualification in PG Degree or PG Diploma in Finance / Accountancy / Business Management / Commerce / Economics / Capital Markets /Banking/ Insurance / Actuarial Science from recognised College / University or CA / CFA.
    • Preferred: CA / CFP / CFA / NISM Investment Advisor / Research Analyst Certificate / Certification by NISM 21-A.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 4 years of post-qualification experience as an investment advisor / counsellor/Officer/ part of product team in Wealth Management Firms/AMCs.
  • Specific Skills required (if any)
    • Preferred: Good knowledge of investments and markets across asset classes; Experience in managing and advising client portfolios; Good knowledge of asset allocation and re-balancing techniques; Superior presentation skills & other core competencies; Experience in products of fixed income, equity & alternate markets. (Skills will be tested in interview).
  • Job profile: Guiding clients on range of financial services products; Wide ranging experience across categories (MF, FI, Structured Products, Discretionary Portfolios, Alternate Products); Strong focus on due diligence, quantitative technique and asset allocation.
  • Key Responsibility Areas: Assisting the VP Wealth/Relationship Manager/RM Wealth in providing expert opinion regarding investments, Wealth Management, Compliance.

7. Post: Project Development Manager (Business)

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: MBA/PGDM from Government recognised University or Institution.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 5 years in Bank/wealth Management firms/broking firms.
    • Preferred: In Supervisory function in Business Process Management in Wealth Management area.
  • Job profile: Managing Relationships with various Business Partners; Exploring and entering new Business partnerships; Working closely with Business Heads on strategy formulation; Co-ordinating with Business Operation Team and Circle teams during rollout; Creating and documenting standard operating processes; Monitoring activities essential to sales force.
  • Key Responsibility Areas: Drive CRM and Implement, Sales force automation, Manage process implementation, Manage and customize design, Sales and Client education programmes, Helping annual planning and budgeting, Managing P&L, Support business head in prioritizing growth expenses, Establish business review process and parameters, Track industry trends, Liaison with internal Bank teams, Design business processes and policies, Working with HR, Support sales head in developing and launching initiatives.

8. Post: Central Research Team (CRT) Support

  • Educational Qualification (As on 2025-05-01)
    • Mandatory: Graduate in Commerce/Finance/Economics/ Management/Mathematics/ Statistics from Government recognized University or Institution.
    • Preferred: Post Graduation in Commerce/Finance/Economics/Management/Mathematics/ Statistics from Government recognized University or Institution.
  • Post-Qualification Experience (As on 2025-05-01)
    • Mandatory: Minimum 3 years in financial services providing support to Research / Publications/MIS departments.
  • Specific Skills required (if any)
    • Preferred: Proficient in Microsoft Excel, Power point, Word, Outlook; Inclination to undertake research by reading reports or websites.
  • Job profile: Support Research team by aggregating and providing support for analysing data through various research tools / software (BLOOMBERG, REUTERS, CRISIL, ICRA etc.); Creating and updating excel worksheets related to Macro Economy, Stock & Sector research, Fixed Income research, creating portfolio review templates etc.
  • Key Responsibility Areas: Creating and updating excel worksheets related to Macro Economy, Stock & Sector research, Fixed Income research, Mutual Fund, PMS & other products research, Model portfolios; Creating portfolio review templates to support Investment Counsellors and Relationship Managers; Working closely with the research team on daily, weekly, monthly publications / presentations.

E: Leave

  • Proposed Officers (OECs) are entitled to 30 days of leave during the financial year, granted by the Bank for genuine reasons.

F: Notice Period

  • Contract can be terminated without reason by giving 2 months' notice or payment/surrender of 2 months' compensation.

G: Call Letter for Interview

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

H: Selection Process

  • Selection involves shortlisting followed by one or more rounds of personal / Telephonic / Video interview and CTC negotiations.
  • Shortlisting: Merely meeting minimum qualifications and experience does not guarantee an interview call. The shortlisting committee decides parameters and adequate number of candidates. Bank's decision is final. No correspondence will be entertained.
  • Interview: Will carry 100 marks. Qualifying marks decided by Bank.
  • CTC Negotiation: Done one-by-one at the time of interview or after.
  • Merit List: Prepared in descending order of interview scores. Age used as tie-breaker for same scores.

I: How to Apply

  • Candidates must register online via the SBI website: https://sbi.bank.in/web/careers/current-openings.
  • Pay application fee online using Internet Banking/ Debit Card/ Credit Card.
  • First, scan the latest photograph and signature. Application will not be registered without these uploads.
  • Fill the application carefully. Can be saved and reopened 3 times using provisional registration number and password.
  • After final submission and fee payment, print the e-receipt and application form.
  • Application fee is INR 750/- for UR/EWS/OBC candidates; no fee for SC/ST/PwBD candidates.
  • Fee once paid is non-refundable and non-adjustable.

J: How to Upload Documents

  • Documents to be uploaded: Recent Photograph, Signature, Brief Resume (PDF), ID Proof (PDF), PAN CARD, PwBD certification (if applicable) (PDF), Educational Certificates (Mark-Sheets/ Degree Certificate) (PDF), Experience certificates (PDF), Form-16/Offer Letter/Latest Salary slip from current employer (PDF), No Objection Certificate (If applicable) (PDF), Bio-data and CTC Format.
  • File Specifications:
    • Photograph: Recent passport-style colour picture against a light-coloured/white background. Look straight at the camera with a relaxed face. No squinting, harsh shadows, red-eye. No caps, hats, dark glasses (religious headwear allowed if face is not covered). Size: 20 kb - 50 kb, Dimensions: 200 x 230 pixels.
    • Signature: On white paper with Black Ink pen. Signed by applicant only. Size: 10 kb - 20 kb, Dimensions: 140 x 60 pixels. Not in CAPITAL LETTERS.
    • Other Documents: All documents must be in PDF format. Page size A4. File size not exceeding 500 kb.
  • Scanning Guidelines:
    • Resolution: Minimum 200 dpi. Color: True Color.
    • Crop image to the edge.
    • Photo/signature file should be JPG/JPEG.
    • Image dimensions can be checked by listing files or hovering mouse over icons.
    • MS Windows/MSOffice can be used to obtain jpeg format.
  • Upload Procedure: Separate links for each document. Browse, select file, click 'Upload'. Use 'Preview' to confirm. Once uploaded, documents cannot be edited. After uploading, candidates should check image clarity. Unclear images may lead to rejection.

K: General Information

  • Applicant must ensure they meet eligibility norms and provide correct particulars.
  • False information will lead to cancellation/termination.
  • Engagement is subject to medical fitness and Bank's service/conduct rules.
  • Keep email ID active for communication.
  • Bank is not responsible for communication delays/loss.
  • Apply online well before the closing date to avoid technical issues.
  • All decisions regarding eligibility, interview, tests, and selection are final. No correspondence will be entertained.
  • False information can lead to civil/criminal consequences.
  • Only the last valid completed application will be retained in case of multiple applications; other fees forfeited.
  • Legal proceedings/disputes are subject to Mumbai Courts/Tribunals.
  • Outstation candidates called for interview will be reimbursed shortest route travel cost in India. Local conveyance not reimbursed.
  • Bank reserves the right to cancel recruitment at any stage.
  • Candidates must provide criminal case details at interview. Bank may conduct independent verification. Right to deny engagement based on disclosures/verification.

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