SBI Risk Specialist Recruitment 2026 – Apply Online
State Bank of India
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Job summary
State Bank of India (SBI) invites applications for the Risk Specialist post in MMGS-II. The role focuses on ECL modelling, PD/LGD/EAD development, and macroeconomic overlays, with selected candidates joining MMGS-II on a regular basis.
Essential qualifications include CA/CFA or MBA/PGDM in Finance or related fields, with at least 2 years of post-qualification experience. FRM/PRMIA preferred; location is Mumbai with online registration between 02.11.2026 and 23.11.2026.
Qualifications
- Mandatory: CA or CFA or MBA / PGDM or equivalent degree in Finance / Data Analytics / Business Analytics from a recognized institute.
- Minimum 2 years post-qualification experience in ECL modelling in Risk Management.
- FRM by GARP or PRMIA certification preferred as on 31.10.2026.
Responsibilities
- Develop PD, LGD and EAD models for loan portfolios and investments where ECL is applicable.
- Develop macroeconomic overlays models as per regulatory guidelines.
- Implement PD, LGD and EAD models in OFSAA.
- Period monitoring, maintenance and validation of above models.
- Prepare framework for determination of Stage under ECL.
- Identify SICR triggers with qualitative and quantitative triggers for portfolios.
Skills
Education
Tools
Job description
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.
Particulars
Details
Organisation State Bank of India (SBI)
Advertisement No. CRPD/SCO/2026-27/27
Post Name Risk Specialist
Total Vacancies 3
Pay Scale 64820-2340/1-67160-2680/10-93960 (MMGS-II)
Application Mode Online
Job Location Mumbai (or anywhere in India at the sole discretion of the Bank)
Application Start Date 02.11.2026
Last Date to Apply 23.11.2026
Official Website https://sbi.bank.in/web/careers/current-openings
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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.
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.
Name of Post
Type of Vacancy
Grade
SC
ST
OBC
EWS
UR
Total
Risk Specialist Regular MMGS-II - - - - 3 3
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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.
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
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.
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.
Date
Online Registration & Fee Payment Start Date 02.11.2026
Online Registration & Fee Payment Last Date 23.11.2026
It is a recruitment drive conducted by the State Bank of India under advertisement number CRPD/SCO/2026-27/27 to fill 3 regular vacancies for Risk Specialist in MMGS-II grade.
A total of 3 vacancies have been notified for the Risk Specialist post under the Unreserved category (with 1 PwBD-VI horizontal vacancy).
The last date to submit online applications and complete fee payment is 23.11.2026.
Mandatory: (i) CA or (ii) CFA or (iii) MBA / PGDM or equivalent degree in Finance / Data Analytics / Business Analytics from a recognized institute.
Minimum: 25 Years, Maximum- 35 years as on 31.10.2026.
Application fees and Intimation Charges (Non-refundable) is Rs 750/- (Rupees Seven Hundred Fifty only) for General/EWS/OBC candidates and no fees/intimation charges for SC/ ST/ PwBD candidates.
The selection will be on the basis of Shortlisting and Interview.
Basic Pay: (64820-2340/1-67160-2680/10-93960) under MMGS-II.
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