Chief Manager (Product & Research – Forex & Rupee Derivatives)

State Bank of India (SBI); Mumbai; On-site; INR 102,000 - 121,000; Full time

Job summary

State Bank of India (SBI) invites applications for the position of Specialist Cadre Officer on a regular basis. The role focuses on development and delivery of customized derivative solutions for clients in Forex and Rupee markets, ensuring alignment with market dynamics and regulatory expectations.

The candidate should have MBA/PGDM/PGDBM/PGDBA or equivalent, with at least 7 years of post-qualification experience in relevant domains.

Qualifications

• Mandatory MBA/PGDM/PGDBM/PGDBA or its equivalent degree from institutions recognised by Government Bodies/AICTE/UGC.
• Preferred CFA/FRM/CA/Cost Accountants (CMA erstwhile ICWA)

Responsibilities

• The selected candidate will support in development and delivery of customized solutions to clients in Forex and Rupee markets.
• They will ensure product offerings remain aligned with evolving market dynamics and regulatory expectations.
• Primary functions include conducting research and development of new derivative products, evaluating product performance, and assisting marketing.

Skills

English proficiency

Education

MBA/PGDM/PGDBM/PGDBA or equivalent

Job description

RECRUITMENT OF SPECIALIST CADRE OFFICER ON REGULAR BASIS

(ADVERTISEMENT NO: CRPD/SCO/2026-27/26)

ONLINE REGISTRATION OF APPLICATION & PAYMENT OF FEES: FROM 02.11.2026 TO 23.11.2026

Basic Educational Qualification : -

• Mandatory:MBA/ PGDM /PGDBM/PGDBA or its equivalent degree from institutions recognised by Government Bodies/ AICTE/ UGC.Preference will be given to candidates With specialization in Finance.Preferred:CFA/FRM/CA/Cost Accountants (CMA erstwhile ICWA)

Post Qualification Experience : -

• Mandatory: Minimum 7 years of post-qualification experience in the field of Forex and Rupee markets in Corporate/Non-Corporate Organizations/ Research firms/ Brokerage firms/ Banks/ NBFCs/ Mutual funds.Teaching/training experience will not be counted under required experience for eligibility purpose.

Specific Skills required : -

• Proficient in spoken and written English

Job Profile : -

• The selected candidate will support in development and delivery of customized solutions to the clients. They also need to ensure that product offerings remain aligned with evolving market dynamics and regulatory expectations. Primary functions would includeConducting research followed by development of new derivative products in line with the prevailing market.Evaluate the performance of the product on an ongoing basis.Assisting marketing of derivative products to the clients.Providing periodic updates to the Top Management.

KRAs : -

• Lead product conceptualization and development of new derivative instruments.Conduct advanced macroeconomic and interest rate research to support product suitability.Prepare product notes, risk disclosures, and documentation for approval committees.Evaluate product performance and recommend product positioning strategies.Coordinate with our internal departments like risk, legal, IAD, ITTSS etc to ensure timely and swift approvals and clearances for new products and offerings within the regulatory and internal compliance framework.Close coordination with CTMU/RTMUs to drive derivative penetration across the banks corporate and retail clients.End-to-End process of product development and approval.Assist in automation and integration of compliance workflows.Mentor AVP-level team members and contribute to strategic product planning.Any other related work as assigned.Job profile/KRAs mentioned above are illustrative.
• Roles/Job/KRAs, in addition to above, may be assigned by the bank from time to time for the above posts.

PAY SCALE : - Rs (102300-2980/4-114220-3360/2-120940)

GENERAL INFORMATION : -

• Before applying for a post, the applicant should ensure that he/ she fulfils eligibility and other norms mentioned above for that post as on the specified date and that the particulars furnished by him/ her are correct in all respects.
• Candidates belonging to reserved category including, for whom no reservation has been mentioned, are free to apply for vacancies announced for General category provided they must fulfil all the eligibility conditions applicable to General category.
• IN CASE IT IS DETECTED AT ANY STAGE OF RECRUITMENT THAT AN APPLICANT DOES NOT FULFIL THE ELIGIBILITY NORMS AND/ OR THAT HE/SHE HAS FURNISHED ANY INCORRECT/ FALSE INFORMATION OR HAS SUPPRESSED ANY MATERIAL FACT(S), HIS/ HER CANDIDATURE WILL STAND CANCELLED. IF ANY OF THESE SHORTCOMINGS IS/ ARE DETECTED EVEN AFTER APPPOINTMENT, HIS/ HER SERVICES ARE LIABLE TO BE TERMINATED.
• The applicant should ensure that the application is strictly in accordance with the prescribed format and is properly and completely filled.
• Appointment of selected candidate is subject to his/ her being declared medically fit as per the requirement of the Bank. Such appointment will also be subject to the service and conduct rules of the Bank for such post in the Bank, in force at the time of joining the Bank.
• Candidates are advised to keep their e-mail ID/mobile no. active for receiving communication viz. call letters/ Interview date advice etc.
• The Bank takes no responsibility for any delay in receipt or loss of any communication.
• Candidates serving in Govt./ Quasi Govt. offices, Public Sector undertakings including Nationalized Banks and Financial Institutions are advised to submit No Objection Certificate from their employer at the time of interview, failing which their
• candidature may not be considered and travelling expenses, if any, otherwise admissible, will not be paid.
• In case of selection, candidates will be required to produce proper discharge certificate from the employer at the time of taking up the appointment.
• Candidates are advised in their own interest to apply online well before the closing date and not to wait till the last date to avoid the possibility of disconnection / inability/ failure to log on to the website on account of heavy load on internet or website jam. SBI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of aforesaid reasons or for any other reason beyond the control of SBI.
• DECISIONS OF BANK IN ALL MATTERS REGARDING ELIGIBILITY, CONDUCT OF INTERVIEW, OTHER TESTS AND SELECTION WOULD BE FINAL AND BINDING ON ALL CANDIDATES. NO REPRESENTATION OR CORRESPONDENCE WILL BE ENTERTAINED BY THE BANK IN THIS REGARD.
• The applicant shall be liable for civil/ criminal consequences in case the information submitted in his/ her application are found to be false at a later stage.
• Merely satisfying the eligibility norms does not entitle a candidate to be called for interview. Bank reserves the right to call only the requisite number of candidates for the interview after preliminary screening/ short-listing with reference to candidates qualification, suitability, experience etc.
• In case of multiple application, only the last valid (completed) application will be retained and the application fee/ intimation charge paid for other registration will stand forfeited. Multiple appearance by a candidate for a single post in interview will be summarily rejected/ candidature cancelled.
• Any legal proceedings in respect of any matter of claim or dispute arising out of this advertisement and/ or an application in response thereto can be instituted only in Mumbai and Courts/ Tribunals/ Forums at Mumbai only shall have sole and exclusive jurisdiction to try any cause/ dispute.
• Outstation candidates, who may be called for interview after short-listing will be reimbursed the cost of airfare (economy class) for the shortest route in India on the basis of actual journey from the place of present posting/residence whichever is nearer to the interview venue, maximum Rs 10,000(Rupee Ten Thousand only) (to-and-fro) OR the actual travel cost in India (whichever is lower) on submission of original/copies of flight tickets/invoice and boarding pass. Local transportation (like taxi/cab, personal car etc.) will not be reimbursed. A candidate, if found ineligible for the post will not be permitted to appear for the interview and will not be reimbursed by any fare.
• XVII .Request for change / correction in any particulars (including category in the application form, once submitted will not be entertained under any circumstances. No correspondence/phone/email will be entertained in this regard. Candidates are advised to fill up the online application carefully and furnish the correct information in this application.
• BANK RESERVES RIGHT TO CANCEL THE RECRUITMENT PROCESS ENTIRELY OR FOR ANY PARTICULAR POST AT ANY STAGE WITHOUT ASSIGNING ANY REASONS THEREOF, WHATSOEVER.
• At the time of interview, the candidate will be required to provide details regarding criminal cases pending against him/her, if any.
• Suppression of material facts will result in cancellation/ termination of candidature at any point, even if the candidate is selected, his/her selection will be canceled in such circumstances. The Bank may also conduct independent verification, inter alia, including verification of Police Records, etc. The Bank reserves the right to deny the engagement/appointment depending upon such disclosure and/or independent verification.

FOR ANY QUERY, PLEASE WRITE TO US THROUGH LINK CONTACT US WHICH IS AVAILABLE ON BANKS WEBSITE (URL https://sbi.bank.in/web/careers/post-your-query