SBI Risk Specialist 2026 Notification

SBI Risk Specialist 2026 vacancy details

State Bank of India's Central Recruitment & Promotion Department has issued advertisement CRPD/SCO/2026-27/27 for Specialist Cadre Officers on a regular basis. There is one post, Risk Specialist, in Middle Management Grade Scale-II, with 3 vacancies, all in the Unreserved category. One of the 3 is reserved horizontally for a Visually Impaired candidate with a benchmark disability. The Bank says the numbers are provisional and may change with its requirements.

Eligibility: qualification and ECL experience

Candidates must hold a CA, a CFA, or an MBA / PGDM or equivalent degree in Finance, Data Analytics or Business Analytics from a recognised institute as on 31 October 2026. They also need at least 2 years of post-qualification experience in Expected Credit Loss related modelling in the risk management department of a bank, financial institution, rating agency or brokerage firm, or in risk advisory at a consulting firm. Teaching, training and internship experience are not counted. An FRM from GARP or a PRM from PRMIA is preferred. SBI also lists skills it wants: communication, problem solving, analytical thinking, handling large datasets, tools such as Python, R, SPSS or SAS, and MS Excel and PowerPoint.

What the Risk Specialist will do

The job is about building and running the Bank's ECL models. The notice lists developing Probability of Default, Loss Given Default and Exposure at Default models for loan portfolios and investments, macroeconomic overlay models, implementing these models in OFSAA, and monitoring and validating them. The officer will also prepare the framework for stage determination under ECL, set triggers for a significant increase in credit risk, work with auditors and the regulator, and keep model documents ready for audit.

Salary and posting

The post carries basic pay of 64820-2340/1-67160-2680/10-93960 in MMGS-II. On top of this the officer gets DA, HRA, CCA, Provident Fund, NPS, Leave Fare Concession, medical facility and other perquisites under the Bank's salary structure. The suggested place of posting is Mumbai, though the Bank can post the officer anywhere in India. Probation follows the Bank's recruitment policy.

Selection process and interview

There is no written test. A shortlisting committee decides the parameters and calls an adequate number of candidates for interview; meeting the minimum eligibility does not guarantee a call. The interview carries 100 marks and the Bank sets the qualifying marks. The final merit list is in descending order of interview marks, and candidates with the same cut-off marks are ranked by age, older first. A category-wise wait list stays valid for one year. Outstation candidates called for interview get economy airfare up to ₹10,000 to and fro.