The State Bank of India (SBI) released the SBI Risk Specialist recruitment notification on 2 November 2026 on its careers page at sbi.bank.in. As per Advertisement No. CRPD/SCO/2026-27/27, online applications open on 2 November 2026 and close on 23 November 2026. The post suits candidates with a CA, CFA or MBA / PGDM degree and 2 years of Expected Credit Loss (ECL) modelling experience.
SBI has 3 vacancies for Risk Specialist in Middle Management Grade Scale (MMGS-II). A full post-wise breakdown follows below. The suggested place of posting is Mumbai. Candidates should check all details in the article below.
Information verified from the official State Bank of India notification No. CRPD/SCO/2026-27/27 dated 2 November 2026. Last verified: 2 November 2026.
SBI is recruiting 3 Risk Specialist posts (Specialist Cadre Officer, regular basis) through Advertisement No. CRPD/SCO/2026-27/27. The last date to apply online is 23 November 2026 at sbi.bank.in. Selection is through shortlisting and an interview of 100 marks.
Table of Contents
Quick Summary of SBI Risk Specialist Recruitment 2026
| Details | Information |
|---|---|
| Organisation | State Bank of India (SBI) |
| Post | Risk Specialist (regular basis) |
| Total Vacancy | 3 Posts |
| Salary | Basic pay ₹64,820-2,340/1-67,160-2,680/10-93,960 |
| Application Mode | Online |
| Eligibility | CA, CFA or MBA / PGDM; 2 years of ECL modelling experience; age 25 to 35 |
| Selection Process | Shortlisting and interview |
| Place of Posting | Mumbai (suggested) |
| Last Date | 23 November 2026 |
| Who Can Apply | Eligible Indian citizens |
Job profile and place of posting
The Risk Specialist builds and maintains the models that work out Expected Credit Loss. The job profile lists Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models, their implementation in OFSAA, and macroeconomic overlay models required by regulators.
The post also covers regular model validation, coordination with auditors and the regulator, and model documents kept ready for audit. The bank lists Python, R, SPSS and SAS among the skills it wants. The SBI Risk Specialist recruitment notice calls the profile illustrative, and the bank assigns actual tasks on joining.
The bank can post selected candidates anywhere in India or depute them to associates or subsidiaries. It may not accept requests for a specific place. Candidates can also browse other current all-India government openings before deciding.
Candidates from Darjeeling, Sikkim, North Bengal and the North East should expect to relocate, since the suggested posting is Mumbai.
This is added context, not part of the official notification. Confirm with the hiring office.
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Important dates
SBI Risk Specialist recruitment runs registration and fee payment in one window. The bank completes registration only when the fee reaches it, so candidates who owe the fee must pay on or before 23 November 2026.
| Event | Date |
|---|---|
| Notification dated | 2 November 2026 |
| Registration and fee payment start | 2 November 2026 |
| Last date for registration and fee payment | 23 November 2026 |
| Age, qualification and experience cut-off | 31 October 2026 |
Vacancy details and salary
SBI Risk Specialist recruitment lists one post, with 3 vacancies in the Unreserved (UR) category. The notice shows no posts for SC, ST, OBC or EWS.
| Post | Grade | Posts | Category |
|---|---|---|---|
| Risk Specialist | MMGS-II | 3 | UR 3 |
| Total | 3 |
One of the 3 posts carries horizontal reservation for Persons with Benchmark Disabilities (PwBD) in the Visually Impaired (VI) category. It sits inside the 3 UR posts and does not add to the total. The bank calls the vacancies provisional and can change them.
Salary and benefits
The basic pay scale in SBI Risk Specialist recruitment is ₹64,820-2,340/1-67,160-2,680/10-93,960. Selected candidates also get Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), Provident Fund, the Contributory Pension Fund under the National Pension System (NPS), Leave Fare Concession (LFC), medical facility and other perquisites as per the bank’s salary structure.
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Eligibility
SBI Risk Specialist recruitment sets one eligibility standard, and the bank checks every condition as on 31 October 2026. It invites applications from eligible Indian citizens.
Age limit
Candidates must be 25 to 35 years old as on 31 October 2026. The maximum age is for the Unreserved category. Reserved category candidates get relaxation in the upper age limit as per Government of India guidelines, wherever applicable. The age calculator shows an exact age on the cut-off date.
| Category | Relaxation |
|---|---|
| OBC (Non-Creamy Layer) | 3 years |
| SC / ST | 5 years |
| PwBD (UR / EWS) | 10 years |
| PwBD (OBC) | 13 years |
| PwBD (SC / ST) | 15 years |
The bank does not allow cumulative relaxation under these items or in combination with any other item.
Qualification
The mandatory qualification is one of these, held as on 31 October 2026.
- CA
- CFA
- MBA / PGDM or an equivalent degree in Finance, Data Analytics or Business Analytics from a recognised institute
The bank prefers a Financial Risk Manager (FRM) certificate from GARP or a Professional Risk Manager certificate from PRMIA, valid as on 31 October 2026.
Experience
SBI Risk Specialist recruitment needs a minimum of 2 years of post-qualification work experience in Expected Credit Loss (ECL) modelling. The experience must come from the Risk Management Department of a bank, financial institution, rating agency or brokerage firm, or from risk advisory work at a consulting firm.
Training, teaching and internship experience does not count. The experience certificate from the employer must name the related field of work.
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Selection process
SBI Risk Specialist recruitment has two selection stages: shortlisting and an interview.
- Shortlisting. A committee set up by the bank decides the parameters. Meeting the minimum qualifications and experience does not give the right to an interview call.
- Interview. The interview carries 100 marks, and the bank decides the qualifying marks.
- Merit list. The bank ranks candidates in descending order of interview scores only. Candidates with equal marks at the cut-off point rank by age, older first.
The bank keeps a category-wise wait list, valid for one year from the final result or until a fresh advertisement for the same post, whichever is earlier. It releases the call letter on its website or by email, with no hard copy.
Outstation candidates called for interview get the economy airfare for the shortest route in India, up to ₹10,000 for the round trip or the actual cost, whichever is lower. The bank does not pay for local transport. Candidates working in government, quasi-government or public sector offices, including nationalised banks, should carry a No Objection Certificate from their employer to the interview.
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Application fee
The fee for SBI Risk Specialist recruitment is ₹750 for General, EWS and OBC candidates. SC, ST and PwBD candidates pay no fee.
The fee is non-refundable and cannot be adjusted against any other selection. Candidates pay by debit card, credit card or internet banking through the payment gateway and bear any transaction charges.
How to apply for SBI Risk Specialist recruitment 2026
Candidates applying for SBI Risk Specialist posts should use only the official link and never pay any agent or middleman. SBI states that it does not endorse any coaching platform or consultancy that promises guaranteed selection.
- Open the current openings page on the SBI careers site (sbi.bank.in) and scroll to Advertisement No. CRPD/SCO/2026-27/27.
- Download the detailed advertisement and read it fully.
- Click Apply Online and register with a valid email ID and mobile number. Both must stay active until the result.
- Upload the photograph, signature and other documents. Uploaded documents cannot be edited later.
- Fill in the form carefully. The system gives a registration number and password, and candidates can save and reopen the form up to three times.
- Submit the form and pay the fee online where it applies.
- Print the e-receipt and the application form.
The bank accepts the photograph and signature only as JPG or JPEG files within fixed size limits. The photo and signature resizer helps candidates meet them.
Documents to keep ready
- Recent passport-style colour photograph (20 kb to 50 kb, 200 x 230 pixels preferred)
- Signature in black ink on white paper (10 kb to 20 kb, 140 x 60 pixels preferred, capital letters not accepted)
- Biodata in the bank’s format (PDF)
- Brief resume (PDF)
- ID proof and proof of date of birth
- Educational certificates, mark sheets or degree certificate
- Certificate of the preferred qualification, if any
- Experience certificates
- Form-16, offer letter or latest salary slip from the current employer
- Caste or EWS certificate and PwBD certificate, where applicable
All documents other than the photograph and signature must be PDF files on A4 pages, each up to 500 KB. A PDF compressor brings larger scans under the limit.
Important Links
| Details | Link |
|---|---|
| Risk Specialist notification | Download SBI Risk Specialist notification PDF |
| Online application | Apply online for SBI Risk Specialist posts |
| Biodata format | Download SBI biodata format PDF |
| Bank careers page | SBI current openings at sbi.bank.in |
| More government jobs | Latest government job updates |
Should you apply?
This post suits candidates who already build ECL models in a bank, rating agency or risk advisory team. The experience condition is narrow, and only 3 posts are open.
Competition for so few vacancies is likely to be tight, and the bank can still change the number of posts. Selection rests on the interview alone, which puts weight on real model-building work in PD, LGD and EAD. Candidates with an FRM or PRMIA certificate hold the preferred qualification.
The main trade-off is location. The suggested posting is Mumbai, and the bank may post a selected candidate anywhere in India. The post is regular, with a probation period under the bank’s policy.
SBI Risk Specialist recruitment asks for a firm match on experience, so candidates should read the experience rules in full before paying the fee.
This is added context, not part of the official notification. Confirm with the hiring office.
FAQs
What is the last date for SBI Risk Specialist recruitment 2026?
The last date is 23 November 2026. Online registration and fee payment both run from 2 November 2026 to 23 November 2026 on the SBI careers site. The bank advises candidates to apply well before the closing date, since heavy load can slow the website on the last day.
Is FRM compulsory for SBI Risk Specialist recruitment?
The notice lists the Financial Risk Manager (FRM) certificate by GARP, or the Professional Risk Manager (PRM) certificate by PRMIA, as preferred. The mandatory conditions are a CA, CFA or MBA / PGDM degree in the listed fields and 2 years of ECL modelling experience.
Is there a written exam in SBI Risk Specialist recruitment?
The notice lists only shortlisting and an interview of 100 marks, and the merit list uses interview scores alone. Specialist posts with fixed experience rules often use this route, so candidates should revise the ECL topics in the job profile. This is added context, not part of the official notification. Confirm with the hiring office.
Written and verified by
Sandeep Khati
Founder and Editor, India Job Alerts
B.Tech in Computer Science from Jalpaiguri Government Engineering College (2010). Former Systems Engineer at TCS and in digital publishing since 2011. He started India Job Alerts in April 2025 to publish verified government and PSU job notifications for West Bengal, Sikkim and the rest of India. Every post is checked against the official notification before it goes live. Also writes about the Darjeeling hills at SearchDarjeeling.