SBI Risk Specialist Vacancy 2026: Apply Online for Specialist Cadre Officer Vacancy, Eligibility, Salary and Selection Process
The State Bank of India (SBI) has officially released the SBI Risk Specialist Recruitment 2026 notification under Advertisement No. CRPD/SCO/2026-27/27 for recruitment of Specialist Cadre Officers on a regular basis. This recruitment presents an exceptional opportunity for professionals specializing in risk management, financial analytics, credit risk modelling, data science, and banking risk frameworks to secure a prestigious position in India's largest public sector bank.
With attractive salary packages, exposure to advanced risk management systems, and the opportunity to work on cutting-edge Expected Credit Loss (ECL) models, SBI's latest Risk Specialist recruitment is expected to attract highly qualified candidates from banking institutions, credit rating agencies, consulting firms, NBFCs, and financial organizations.
SBI Risk Specialist Recruitment 2026 Overview
| Organization | State Bank of India (SBI) |
|---|---|
| Post Name | Risk Specialist |
| Advertisement Number | CRPD/SCO/2026-27/27 |
| Recruitment Type | Specialist Cadre Officer (Regular Basis) |
| Grade | MMGS-II |
| Total Vacancies | 03 |
| Application Mode | Online |
| Registration Start Date | 02 November 2026 |
| Last Date to Apply | 23 November 2026 |
| Selection Process | Shortlisting and Interview |
SBI has invited online applications from eligible Indian citizens possessing qualifications and experience related to Expected Credit Loss (ECL) modelling, risk analytics, and credit risk management. The recruitment aims to strengthen SBI's Risk Management Department by onboarding professionals capable of working with modern data-driven risk assessment frameworks.
Important Dates
| Event | Date |
|---|---|
| Notification Release Date | 02 November 2026 |
| Online Registration Begins | 02 November 2026 |
| Closing Date for Registration | 23 November 2026 |
| Last Date for Fee Payment | 23 November 2026 |
SBI Risk Specialist Vacancy 2026
A total of three vacancies have been announced under the Risk Specialist post in Middle Management Grade Scale-II (MMGS-II).
| Post | Grade | Total Vacancies |
|---|---|---|
| Risk Specialist | MMGS-II | 03 |
The vacancies fall under the Unreserved category, while horizontal reservation has been provided for eligible Persons with Benchmark Disabilities (PwBD) as per applicable government guidelines.
Age Limit
Candidates must fulfill the prescribed age criteria as on 31 October 2026.
- Minimum Age: 25 Years
- Maximum Age: 35 Years
Age 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
Educational Qualification
Candidates must possess any one of the following mandatory qualifications from a recognized institution:
- Chartered Accountant (CA)
- Chartered Financial Analyst (CFA)
- MBA in Finance
- PGDM in Finance
- MBA/PGDM in Data Analytics
- MBA/PGDM in Business Analytics
- Equivalent recognized qualification
Preferred Certifications
Although not mandatory, candidates possessing internationally recognized risk management certifications may receive preference during the shortlisting process.
- Financial Risk Manager (FRM) by GARP
- Professional Risk Manager (PRM) by PRMIA
Work Experience Requirement
One of the most important eligibility conditions relates to specialized professional experience in the risk management domain.
Candidates must possess a minimum of two years of post-qualification work experience in Expected Credit Loss (ECL) modelling within:
- Banks
- Financial Institutions
- Credit Rating Agencies
- Brokerage Firms
- Risk Advisory Consulting Organizations
Experience gained through internships, teaching assignments, or training activities will not be considered for eligibility purposes.
Skills Required for SBI Risk Specialist
The bank is seeking professionals capable of working with advanced credit risk models, large-scale datasets, and statistical forecasting tools. Successful candidates should possess the following competencies:
- Excellent analytical thinking abilities
- Strong problem-solving mindset
- Advanced communication skills
- Expertise in data analytics
- Ability to handle large datasets
- Proficiency in Python
- Knowledge of R Programming
- Experience with SPSS
- Knowledge of SAS
- Strong command over MS Excel and PowerPoint
Job Profile of SBI Risk Specialist
The selected officers will play a crucial role in strengthening SBI's credit risk assessment and regulatory compliance framework.
Major responsibilities include:
- Development of Probability of Default (PD) models.
- Creation of Loss Given Default (LGD) models.
- Design of Exposure at Default (EAD) models.
- Development of macroeconomic overlay frameworks.
- Implementation of ECL models in banking systems.
- Validation and monitoring of risk models.
- Identification of Significant Increase in Credit Risk (SICR).
- Interaction with auditors and regulators.
- Preparation of process documentation and risk frameworks.
- Participation in workshops and risk governance initiatives.
Why This SBI Recruitment Is Special
Risk management has become one of the most strategic functions within modern banking institutions. Following evolving regulatory norms and adoption of sophisticated credit risk methodologies, professionals with expertise in ECL modelling, predictive analytics, machine learning, and financial data modelling are witnessing increasing demand across the banking sector.
This recruitment offers an opportunity to work on regulatory risk frameworks that directly influence provisioning standards, portfolio monitoring, capital management, and credit risk assessment at one of the world's largest banking institutions.
SBI Risk Specialist Salary 2026
Selected candidates will be appointed in Middle Management Grade Scale-II (MMGS-II) with an attractive compensation package.
| Post | Pay Scale |
|---|---|
| Risk Specialist | โน64,820 โ โน93,960 |
In addition to the basic pay, selected officers will receive:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- City Compensatory Allowance (CCA)
- Provident Fund Benefits
- National Pension System (NPS)
- Leave Fare Concession (LFC)
- Medical Facilities
- Various Banking Perquisites
Place of Posting
The indicative posting location for the Risk Specialist position is Mumbai. However, SBI retains complete authority to place selected candidates anywhere in India according to organizational requirements and business needs.
Selection Process
The recruitment process is designed to identify highly specialized professionals possessing expertise in banking risk management.
- Application Screening
- Shortlisting Based on Qualification and Experience
- Personal Interview
- Merit List Preparation
The interview will carry 100 marks. Final selection will be based entirely on interview performance. Mere fulfillment of eligibility conditions does not guarantee an interview call.
Application Fee
| Category | Fee |
|---|---|
| General / EWS / OBC | โน750 |
| SC / ST / PwBD | No Fee |
The application fee is non-refundable under any circumstances.
Documents Required for SBI Risk Specialist Application
- Recent Passport Size Photograph
- Signature
- Biodata
- Resume
- ID Proof
- Date of Birth Proof
- Educational Certificates
- Professional Certifications
- Experience Certificates
- Caste/EWS Certificate (if applicable)
- PwBD Certificate (if applicable)
- Latest Salary Slip or Form-16
How to Apply for SBI Risk Specialist Recruitment 2026
- Visit the SBI Careers portal.
- Open Advertisement CRPD/SCO/2026-27/27.
- Read eligibility instructions carefully.
- Complete online registration.
- Upload required documents.
- Pay the application fee, if applicable.
- Verify all entered information.
- Submit the application form before the deadline.
- Download and save the submitted application.
Career Growth Opportunities
Professionals selected under this recruitment gain the opportunity to work at the core of banking risk strategy. With increasing regulatory emphasis on risk modelling, IFRS-compliant provisioning methodologies, stress testing, and advanced analytics, experience in SBI's Risk Management Department can significantly enhance long-term career prospects in banking, consulting, fintech, treasury, and financial analytics sectors.
Frequently Asked Questions (FAQs)
- What is the last date to apply for SBI Risk Specialist Recruitment 2026?
- The last date for online registration and fee payment is 23 November 2026.
- How many vacancies are available under SBI Risk Specialist Recruitment 2026?
- A total of 3 vacancies have been announced for the Risk Specialist post.
- What is the age limit for SBI Risk Specialist posts?
- Candidates must be between 25 and 35 years of age as on 31 October 2026.
- What educational qualifications are accepted for the Risk Specialist position?
- Candidates should possess CA, CFA, MBA, PGDM, or equivalent qualifications in Finance, Data Analytics, or Business Analytics.
- Is prior work experience mandatory?
- Yes. Candidates must have at least two years of post-qualification experience in ECL-related modelling within relevant financial organizations.
- What is the selection process for SBI Risk Specialist Recruitment?
- The selection process consists of shortlisting followed by a personal interview.
- Will there be a written examination?
- No. The notification specifies selection through shortlisting and interview only.
- What is the application fee for General category candidates?
- General, EWS, and OBC candidates must pay โน750 as the application fee.
- Is FRM certification mandatory?
- No. FRM and PRM certifications are preferred qualifications but are not mandatory.
- What is the salary of an SBI Risk Specialist?
- The pay scale for the Risk Specialist post is โน64,820 to โน93,960 along with numerous allowances and benefits.
