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State Bank of India SBI Model Risk Management Mumbai job opportunities CRPD/SCO/2025-26/16

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State Bank of India SBI Model Risk Management Mumbai job opportunities CRPD/SCO/2025-26/16 State Bank of India
Central Recruitment & Promotion Department

Corporate Centre, Mumbai
Email: [email protected]

AWARDS & ACCOLADES

mailto:[email protected]

State Bank of India invites online applications from eligible Indian citizens for appointment to the Specialist Cadre Officers Posts on Regular Basis. Candidates are requested to apply online through the link given on Bank’s official website https://sbi.bank.in/web/careers/current-openings. The candidates, who intend to apply for the Post(s) are advised to apply only after carefully reading and understanding the undernoted contents of this notification.

IMPORTANT INSTRUCTIONS:

Before applying, candidates are requested to ensure that they fulfil the eligibility criteria for the post(s), as on the date of eligibility. Candidates are required to apply online through the website https://sbi.bank.in/web/careers/current-openings. The process of Registration is completed only when fee is deposited with the Bank through online mode on or before the last date for payment of fee.
Candidates are required to apply for the post(s) online through the link given on Bank’s official website only and no other mode of application will be entertained. Hard copy of application & other documents need not to be sent to this office. 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.

Before submission of the application, candidates must check that they have filled in correct details in each respective field of the application form. After expiry of window for online application, no change/correction/modification will be allowed under any circumstances. Requests received in this regard in any form like Post, Email, By hand etc. shall not be entertained and will be summarily rejected.
Candidates must have valid Email ID and Mobile phone number which should be kept active till the declaration of result and issuance of call letters on final selection, if any. It will help him/her in getting call letter/Interview advice etc. by email or over mobile by SMS.
The Bank reserves the right to post / transfer the recruited / engaged officers to any of the offices of State Bank of India, in India or to depute to any of the associates / subsidiaries or any other organization depending upon the exigencies of the services. Request for posting / transfer to specific place / office may not be entertained.
Candidates are advised to check Bank’s website https://sbi.bank.in/web/careers/current-openings regularly for details and updates. No separate intimation will be issued in case of any change / update. All Changes/ Updates/ revisions / Corrigendum / results / schedules / list of shortlisted / selected candidates etc. will be hosted only on Bank’s website only. The Call letter/ advice, wherever required, will be sent by e-mail only (No hard copy will be sent).
Candidates are required to upload all required documents (Resume, ID proof, Age proof, Caste Certificate (if applicable), PwBD Certificate (if applicable), Educational qualification, other qualifications/ certifications, Proof of Experience etc.) failing which their application / candidature will not be considered for Shortlisting / Interview.
The Candidates applying for the post should ensure that their admission to all the stages of the recruitment (e.g. shortlisting, interview etc.) will be purely provisional subject to satisfying the prescribed eligibility conditions. Short listing will be provisional without verification of documents. Candidature will be subject to verification of all details/ documents with the original when a candidate reports for interview (if called).
The selected candidates may be offered appointment in the bank subject to completing other formalities such as verification of eligibility, credentials, certificates, satisfactory reports from the references, medical examination and verification of antecedents etc.
Candidate(s) seeking age relaxation, fee exemption must submit valid requisite certificate of the Competent Authority in the prescribed format, when such certificate is sought at the time of document verification. Otherwise, their claim will not be entertained, and their candidature will be liable for cancellation / rejection.
Candidates against whom there is/ are adverse reports regarding character & antecedents, moral turpitude are not eligible to apply for the post. If any such adverse orders / reports against the shortlisted/ selected candidates is found/ received by the Bank post their selection, their candidature/ services will be rejected forthwith.
Candidates are not allowed to apply for more than one post.

RECRUITMENT OF SPECIALIST CADRE OFFICERS ON REGULAR BASIS
ADVERTISEMENT NO: CRPD/SCO/2025-26/16

ONLINE REGISTRATION OF APPLICATION & PAYMENT OF FEES: FROM 11.11.2025 TO 01.12.2025

https://sbi.bank.in/web/careers/current-openings

A. DETAILS OF POSTS/ GRADE / VACANCY/ AGE:

Manager (Risk Specialist – Model Risk Management) | MMGS-III | — | SC 0 ST 0 OBC 1 EWS 0 UR 4 Total 5 | PwBD 1 | Min 28 Max 40
Deputy Manager (Risk Specialist – Model Risk Management) | MMGS-II | — | SC 0 ST 0 OBC 1 EWS 0 UR 4 Total 5 | PwBD 1 | Min 25 Max 35

Total vacancies 10 (as detailed above)

ABBREVIATIONS: MMGS- Middle Management Grade Scale, SC–Scheduled Caste; ST–Scheduled Tribe; OBC–Other Backward Classes (Non-Creamy Layer); EWS: Economically Weaker Sections; UR – Unreserved, PwBD – Persons with Benchmark Disabilities, VI – Visually Impaired, HI- Hearing Impaired, LD- Locomotor Disability.

IMPORTANT POINTS:

• Reservation for PwBD candidates is horizontal and is included in the overall vacancy of the respective parent category.
• The number of vacancies including reserved vacancies mentioned above, are provisional and may vary according to the actual requirements of the Bank.
• Posting / Placement / Utilization of the selected candidates will be done at the sole discretion of the Bank.

• Maximum age indicated is for Unreserved category candidates. Relaxation in upper age limit will be available to reserved category candidates as per Govt. of India guidelines (wherever applicable).
• The reservation under various categories will be as per Government of India Guidelines.

• Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation and age relaxation. They should indicate their category as ‘UR’ or UR (PwBD) as applicable.

• A declaration will have to be submitted in the prescribed format by candidates seeking reservation under OBC category stating that he/she does not belong to the creamy layer as on last date of online registration of application. OBC certificate containing the ‘non-creamy layer’ clause, issued during the period 01.04.2025 to the date of interview, should be submitted by such candidates, if called for interview. No request for extension of time for production of requisite certificate beyond the said date shall be entertained and candidature will be cancelled.

• Candidates belonging to reserved category including Person with Benchmark Disabilities (PwBD) for whom no reservation has been mentioned are free to apply for vacancies announced for Unreserved category provided they fulfil all the eligibility criteria applicable to Unreserved Category.

• Benefit of reservation/ relaxation under reserved category (i.e. SC, ST, OBC) including PwBD category can be availed of only upon production of valid Caste certificate issued by the Competent Authority on format prescribed by the Government of India.
• Relaxation in Upper age limit shall be as per notified table (OBC 3 years; SC/ST 5 years; PwBD varying 10–15 years depending on category). Candidates seeking age relaxation are required to submit copies of necessary certificate(s) at the time of interview, if shortlisted.

B. DETAILS OF EDUCATIONAL QUALIFICATION/ CERTIFICATION/ WORK EXPERIENCE/ SPECIFIC SKILLS REQUIRED:

Post No 1 – Manager (Risk Specialist – Model Risk Management)

BASIC QUALIFICATION (AS ON 01.11.2025)
Mandatory:
• Bachelor’s degree in Finance / Mathematics / Statistics. Or BE/B.Tech. in Data Science / IT/ Computer Science / Software Engineering.
(From a University/ Institution/ Board recognized by Govt. Of India/ AICTE / UGC / approved by Govt. Regulatory Bodies).

Preferred:
• MBA / PGDM / PGDBM / PGDBA in Finance / Post Graduate Degree in Statistics / Mathematics / Economics / Econometrics.

OTHER QUALIFICATION / CERTIFICATION (AS ON 01.11.2025)
Preferred Certifications (Valid as on 01.11.2025):
➢ FRM by GARP
➢ PRM by PRIMA
➢ CFA
➢ CQF
➢ Any Certification in ML / AI / Natural Language Processing, Web Crawling and Neutral Networks

WORK EXPERIENCE (POST-BASIC QUALIFICATION) (AS ON 01.11.2025)
Mandatory:
• Minimum 5 years of post-basic education qualification experience in job related to quantitative / risk analytics / Valuation / Model Validation / General Accounting policies, Investments / Derivatives etc. of commercial Banks / NBFC / Investment Banks.
• Out of the total 5 years, minimum 3 years of experience with programming languages used in data science – R / Python or Similar Language.
(Training & Teaching experience will not be counted for eligibility)

SPECIFIC SKILLS
• Proficiency in statistical analysis software and programming languages (R, Python, SAS).
• Familiarity with financial modelling tools.
• Excellent communication (verbal & written).
• Knowledge of Java a plus.
• ML/AI knowledge a plus.
• Experience with semi-structured/unstructured data modelling and end-to-end modelling & validation.

Post No 2 – Deputy Manager (Risk Specialist – Model Risk Management)

BASIC QUALIFICATION (AS ON 01.11.2025)
Mandatory:
• Bachelor’s degree in Finance / Mathematics / Statistics. Or BE/B.Tech. in Data Science / IT/ Computer Science / Software Engineering.

Preferred:
• MBA / PGDM / Post Graduate Degree in Statistics / Mathematics / Economics / Econometrics.

OTHER QUALIFICATION / CERTIFICATION (AS ON 01.11.2025)
Preferred Certifications (Valid as on 01.11.2025): FRM, PRM, CFA, CQF, plus certifications in ML/AI/NLP etc.

WORK EXPERIENCE (AS ON 01.11.2025)
Mandatory:
• Minimum 3 years of post-basic education qualification experience in quantitative / risk analytics / Valuation / Model Validation / Accounting policies etc. of Banks/NBFC/Investment Banks.
• Out of 3 years, minimum 2 years experience with R/Python or similar. (Training & Teaching not counted).

SPECIFIC SKILLS
• Same/very similar skillset as Manager role: statistical programming, modelling, communication, ML/AI exposure, data extraction & preprocessing, back-testing, monitoring.

C. BRIEF JOB PROFILE ROLE & RESPONSIBILITIES FUNCTIONS ACTIVITIES:

Manager (Risk Specialist – Model Risk Management) – Role: Model Validator
Responsibilities & Functions include but are not limited to:
• Model Validation, Data Analysis, Stress Testing.
• Prepare documentation of validation processes, findings & recommendations.
• Work with senior validators, risk management, finance & IT.
• Ensure models comply with internal policies and regulations.
• Contribute to development of model validation frameworks.
• Prepare reports for senior management and regulators.
• Any other role as assigned.

Key Result Areas (KRAs) (indicative):
• Independently validate models presented to IMVT.
• Develop valuation adjustment and trading risk methodologies (IRC/DRC, VaR, stress tests).
• Develop counterparty credit risk, credit risk models using statistical & ML techniques.
• Perform data extraction, cleaning, preprocessing, calibration, back-testing.
• Document validation reports and track closure.
• Coordinate with audit, model owners and submit disclosures.
• Monitor model performance metrics (accuracy ratio, Gini, back-testing errors).
• Organize workshops/trainings and manage model lifecycle per Bank policy.

Deputy Manager (Risk Specialist – Model Risk Management) – Role: Model Validator
Responsibilities, functions and KRAs mirror the Manager role but commensurate with MMGS-II grade level and experience requirements.

D. REMUNERATION / SUGGESTED PLACE OF POSTING:

Name of Posts | Grade | Scale of Pay | Suggested Place of Posting
Manager (Risk Specialist – Model Risk Management) | MMGS-III | Basic: 85920-2680/5-99320-2980/2-105280 (eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility etc.)

Mumbai (indicative)
Deputy Manager (Risk Specialist – Model Risk Management) | MMGS-II | Basic: 64820-2340/1-67160-2680/10-93960 (eligible for DA, HRA, CCA, PF, NPS etc.) | Suggested posting indicative. Selected candidates may be posted anywhere in India.

Note: Posting / Placement / Utilization will be at Bank’s sole discretion.

E. PROBATION PERIOD / CONFIRMATION:
Selected candidates shall be on probation as per Bank’s recruitment policy in force/amended.

F. SELECTION PROCESS:
• Shortlisting based on committee decision; being eligible does not guarantee call for interview.
• Interview carries 100 marks; qualifying marks decided by Bank.
• Merit list prepared in descending order based on interview marks only (tie-breaker: age in descending order).

G. CALL LETTER FOR INTERVIEW:
Intimation/call letter will be uploaded on bank’s website or sent by email. NO HARD COPY WILL BE SENT.

H. HOW TO APPLY:

GUIDELINES FOR FILLING ONLINE APPLICATION & PAYMENT OF FEES

i. Register online at SBI website https://bank.sbi/web/careers/current-openings and pay application fee using Internet Banking/Debit Card/Credit Card/UPI etc.
ii. Scan latest photograph and signature as per specifications.
iii. Save application periodically; a provisional registration number & password will be generated. Edit facility available three times only.
iv. After registering online, take printout of the system generated online application form.
v. Candidates seeking age relaxation must submit certificates at document verification.
vi. Application fees: ₹750 for General/EWS/OBC; no fee for SC/ST/PwBD. Fees non-refundable.
vii. Payment via payment gateway only; transaction charges borne by candidates.
viii. On successful payment, e-receipt and application form generated and must be printed and retained.

I. HOW TO UPLOAD DOCUMENTS:

Documents to be uploaded (PDF except photo & signature): Recent Photograph, Signature, Biodata (PDF), Resume (PDF), ID Proof (PDF), Proof of DOB (PDF), Educational Certificates (PDF), Experience Certificates (PDF), Caste/EWS Certificate if applicable (PDF), PwBD Certificate if applicable (PDF), Preferred qualification/certification (PDF), Form-16/Offer Letter/Latest Salary slip (PDF).

Document file type/size: All Documents must be in PDF (photo & signature as JPG/JPEG). PDF page size A4. File size should not exceed 500 KB. Photo 20–50 KB (200 x 230 pixels preferred). Signature 10–20 KB (140 x 60 pixels preferred). Scanning guidelines and upload procedure detailed in the advertisement.

J. GENERAL INFORMATION: (selected highlights)

• Verify eligibility before applying. Furnishing false information will lead to cancellation, debarment and possible legal action.
• Candidates in Govt/PSU roles should bring NOC at time of interview.
• Selected candidates subject to medical fitness & service rules of SBI.
• Decision of Bank in all matters regarding eligibility, conduct of interview and selection is final.
• Travel reimbursement for outstation candidates called for interview: Economy Air fare up to ₹10,000 (both ways total) or actual travel cost (whichever is less).

For any query, please write to the Bank via the link “CONTACT US/ Post Your Query” available on Bank’s website https://sbi.bank.in/web/careers/current-openings or email [email protected].

Mumbai
GENERAL MANAGER (RP&PM)
11.11.2025

HOW TO APPLY (short steps)

Login to https://sbi.bank.in/web/careers/current-openings
Scroll down and click on the respective advertisement
Download advertisement no. CRPD/SCO/2025-26/16 (Carefully read the detailed advertisement)
Apply Online (Before final submission, review your application. Corrections not allowed after final submission).

ADDITIONAL SEO META CONTENT AND RESEARCH (100+ words)

State Bank of India’s official careers page lists Advertisement No CRPD/SCO/2025-26/16 for recruitment of Specialist Cadre Officers — Manager and Deputy Manager in Model Risk Management with online registration open from 11 November 2025 to 01 December 2025.

The notification is hosted on the Bank’s central careers portal which provides downloadable English advertisement, biodata formats and apply online links. Prospective applicants should rely on the bank’s official careers page for authoritative documents, deadlines, and corrigenda.

Major job portals and government job aggregators have republished the notification and summarize the same vacancy count, eligibility criteria and last date — useful for awareness but not a substitute for SBI’s original advertisement. For precise queries about eligibility, fee and uploading formats use the official careers page and the “Contact Us / Post Your Query” link on the same page. (State Bank of India)

(Notes sourced from SBI careers page and corroborated by major job portals.) (State Bank of India)

State Bank of India SBI Model Risk Management Mumbai Manager Risk Specialist Deputy Manager Risk Specialist Urgent Hiring 2025 CRPD/SCO/2025-26/16

Files used for extraction and verification: full advertisement PDF provided by user and SBI careers page. (State Bank of India)

State Bank of India SBI Model Risk Management Mumbai job opportunities CRPD/SCO/2025-26/16

State Bank of India SBI Model Risk Management Mumbai job opportunities CRPD/SCO/2025-26/16

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