SBI SCO Product & Research 2026 Notification

SBI Product & Research vacancy 2026: posts and break-up

State Bank of India's Central Recruitment & Promotion Department has issued advertisement CRPD/SCO/2026-27/26 for Specialist Cadre Officers on a regular basis. It covers two posts. Chief Manager (Product & Research – Forex & Rupee Derivatives) in Senior Management Grade Scale-IV has 1 Unreserved vacancy. Manager (Product & Research Analyst) in Middle Management Grade Scale-III has 6: 5 regular (1 SC, 1 OBC, 3 UR) and 1 backlog OBC vacancy. Each post has one vacancy for a Visually Impaired (Low Vision) candidate, horizontal within its parent category. Both posts stay in the specialist cadre with no conversion to the general cadre.

Eligibility and experience for each post

Both posts need an MBA, PGDM, PGDBM or PGDBA or an equivalent degree from an institution recognised by Government bodies, AICTE or UGC, as on 30 September 2026. Candidates with a Finance specialisation get preference, and CFA, FRM, CA or Cost Accountant (CMA) is preferred. The Chief Manager needs at least 7 years of post-qualification experience in Forex and Rupee markets, and the Manager at least 3 years in Equity, Forex or Debt research, in companies, research or brokerage firms, banks, NBFCs or mutual funds. Teaching and training experience is not counted, and fluent spoken and written English is required.

Age limit and relaxation

Age is counted on 30 September 2026. The Chief Manager must be 30 to 40 years old and the Manager 24 to 36. These are limits for the Unreserved category. OBC (non-creamy layer) candidates get 3 years of relaxation, SC/ST candidates 5 years, and PwBD candidates with low vision 10 years if Unreserved, 13 if OBC and 15 if SC. Relaxations cannot be combined.

Job profile

The Chief Manager will research and develop new derivative products, evaluate their performance, help market them to clients, prepare product notes and risk disclosures for approval committees, coordinate approvals with internal departments such as risk, legal, IAD and ITTSS, and work closely with CTMU/RTMUs to spread derivatives among the Bank's corporate and retail clients. The Manager will design products around client needs, carry out fundamental and technical research on equities, forex and debt, analyse macroeconomic trends and central bank policies, build financial models and valuation reports, and prepare research notes and market outlooks with the trading desk.

Salary, selection and posting

Basic pay is 102300-2980/4-114220-3360/2-120940 for the Chief Manager and 85920-2680/5-99320-2980/2-105280 for the Manager, with DA, HRA, CCA, Provident Fund, NPS, LFC and medical facility as per rules. Probation is 12 months. There is no written test: a committee shortlists candidates and calls them for an interview of 100 marks, and the merit list is made on interview marks alone, with ties ranked by age. The suggested place of posting is Mumbai, but the Bank may post selected officers anywhere in India.