SBI Risk Specialist Recruitment 2026 – Apply Online

State Bank of India (SBI) has announced 3 vacancies for the Risk Specialist post under its 2026 recruitment drive. Eligible candidates possessing a CA, CFA, MBA, PGDM or equivalent degree in Finance, Data Analytics or Business Analytics can submit their ONLINE application. The notified pay scale is 64820-2340/1-67160-2680/10-93960, and online registration along with fee payment can be done from 02.11.2026 to 23.11.2026. The selection process comprises shortlisting and an interview, with selected candidates placed on probation as per existing Bank's recruitment Policy in-force / amended/ modified from time to time under advertisement number CRPD/SCO/2026-27/27.

SBI Risk Specialist at a Glance

About SBI Risk Specialist Recruitment

The Central Recruitment & Promotion Department of the State Bank of India, located at the Corporate Centre in Mumbai, conducts regular recruitment for specialist cadre officers. This recruitment cycle invites applications for the Risk Specialist position under Middle Management Grade Scale-II (MMGS-II) to handle expected credit loss modelling, macroeconomic overlays, and model risk management.

Vacancy Details

The recruitment offers a total of 3 regular vacancies for the Risk Specialist post under the Unreserved (UR) category (with PwBD-VI horizontal reservation of 1 vacancy). The post-wise and category-wise break-up is detailed below.

Who Can Apply

Candidates must fulfill the mandatory educational qualification, age limits, and post-qualification experience requirements as on 31.10.2026.

• Age Limit: Minimum 25 years and Maximum 35 years as on 31.10.2026. Upper age limit is for unreserved category candidates. Relaxation in upper age limit is available to reserved category candidates as per Govt. of India guidelines (wherever applicable).
• Essential Qualification: Mandatory: (i) CA or (ii) CFA or (iii) MBA / PGDM or equivalent degree in Finance / Data Analytics / Business Analytics from a recognized institute.
• Preferred Qualification / Certification: Financial Risk Manager (FRM) by GARP OR Professional Risk Managers by PRMIA (valid as on 31.10.2026).
• Work Experience: 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 as on 31.10.2026. Training & teaching experience will not be counted for eligibility.

Pay and Tenure

Selected candidates are appointed in Middle Management Grade Scale-II (MMGS-II) on a regular basis with a basic pay scale of 64820-2340/1-67160-2680/10-93960. The official will be eligible for DA, HRA, CCA, Provident Fund, Contributory Pension Fund i.e. NPS, Leave Fare Concession (LFC), Medical Facility, other perquisites etc. as per Bank’s salary structure.

SBI Risk Specialist Job Description

Selected candidates will be assigned roles and Key Responsibility Areas (KRAs) that include:

• 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.
• Maintain proper Model documents and database required for audit & regulatory supervision.
• Develop models required for ECL computation using industry best practices and using statistical and machine learning techniques.

How to Apply for SBI Risk Specialist

1. Visit the official SBI careers portal at https://sbi.bank.in/web/careers/current-openings.
2. Navigate to the advertisement for CRPD/SCO/2026-27/27 and click on the registration link.
3. Register online by providing basic details. Note down the system-generated provisional registration number and password.
4. Scan and upload your recent passport-size photograph (20 kb - 50 kb, dimensions 200 x 230 pixels) and signature (10 kb - 20 kb, dimensions 140 x 60 pixels) as per the specified dimensions and formats.
5. Upload required documents in PDF format (not exceeding 500 kb each), including Biodata, Brief Resume, ID Proof, Proof of Date of Birth, Educational Certificates (Relevant Mark-Sheets/ Degree Certificate), Preferred qualification / Certification (if any), Experience certificates, Caste Certificate / EWS Certificate (if applicable), PwBD Certificate (if applicable), and Form-16/Offer Letter/Latest Salary slip from current employer.
6. Verify all filled details carefully before final submission, as no modifications are allowed after final submission.
7. Pay the application fee online using Internet Banking, Debit Card, or Credit Card.
8. Save and print the e-receipt and system-generated online application form for future reference.

Selection and Interview

The selection process consists of two stages:

• Shortlisting: Mere fulfilling the minimum qualification and experience will not vest any right to candidate for being called for interview. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank, will be shortlisted for interaction.
• Interview: Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only.

Important Dates

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