Deputy Manager (Risk Specialist- Model Risk Management)

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

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 Banks 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:

1. 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.

2. Candidates are required to apply for the post(s) online through the link given on Banks 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.

3. 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.

4. 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.

5. 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.

6. 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 Banks website only. The Call letter/ advice, wherever required, will be sent by e-mail only (No hard copy will be sent).

7. 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.

8. 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).

9. 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.

10. 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.

11. 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.

12. Candidates are not allowed to apply for more than one post.

13. In case more than one application (multiple applications) are submitted by a candidate for the same post / multiple posts, only the last valid (completed) application will be retained, and the application fee, if any, paid for the other registrations will stand forfeited. Further, multiple attendance/ appearance by a candidate at the time of interview / joining will result in rejection/ cancellation of candidature, summarily.

14. The Bank reserves the right to change the notified vacancies including the reserved vacancies without assigning any reason(s), whatsoever.

15. The Bank reserves the right to cancel / modify the recruitment process entirely or partially at any stage / time for any particular post / all the posts, if so warranted, without assigning any reason thereof and the Bank shall not be liable to refund the fee or pay any compensation to the applicant.

16. Candidates furnishing false information / suppressing the facts will be disqualified and shall be liable for debarment and legal/criminal action. Candidates who attempt fraud/impersonation shall be liable to be debarred from future recruitment process conducted by the Bank.

17. The selected candidates, after appointment, shall be on probation as per Banks extant recruitment Policy in force / amended/ modified from time to time, for the respective Post(s).

18. All appointments under this project shall be entirely at the discretion of the Bank and shall be made at the starting stage of the pay scale admissible to the post.

19. The Bank will decide the Venues(s) / Centre(s) for interview, if shortlisted. Candidates will have to appear for the interview, if called, at a centre / venue as decided by the Bank and no request in this regard will be entertained by the Bank.

20. In case a candidate is called for interview and is found not satisfying the eligibility criteria (Age, Educational Qualification, Other qualification, Experience etc.) he/ she will neither be allowed to appear for the interview nor be entitled for reimbursement of any travelling expenses.

21. In case more than one candidate scores same marks as cut-off marks in the final merit list (common marks at cut-off point), such candidates will be ranked in the merit according to their age in descending order.

22. The Bank takes no responsibility for any delay in receipt or loss of any communication whatsoever.

23. 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 will not

be considered and travelling expenses, if any, otherwise admissible, will not be paid.

24. In case of selection, candidates will be required to produce proper discharge certificate from the current employer at the time of taking up the appointment.

25. CIBIL: Candidates who have defaulted in repayment under any lending arrangement with Banks / NBFCs/ Financial Institutions including credit card dues and have not regularized / repaid their outstanding thereunder the date of issuance of letter of offer of appointment by the Bank, shall not be eligible for appointment to the post. However, candidates who have regularized / repaid such outstanding on or before the date of issuance of offer of appointment, but whose CIBIL status has not been updated on or before the date of joining, shall have to either get the CIBIL status updated or produce the NOCs from lender to the effect that there is no outstanding with respect to the accounts adversely reflected in the CIBIL, failing which the letter of offer shall be withdrawn / cancelled.

Thus, the candidates with record of default in repayment of loans/ credit card dues and/ or against whose name adverse report of CIBIL or other external agencies are available are not eligible for appointment.

Vacancy:5

Age As on Cut-off Date 31.08.2024: Min 25- Max 35

Grade-MMGS-II

BASIC QUALIFICATION

SPECIFIC SKILLS (AS ON 31.08.2024):

Mandatory:

Bachelors 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 01.11.202

Preferred Certifications

FRM by GARP

PRM by PRIMA

CFA

CQF

Any Certification in ML / AI / Natural Language Processing, Web Crawling and Neutral Networks

(Certification should be valid as on 01.11.2025)

WORK EXPERIENCE (POST-BASIC QUALIFICATION) (AS ON 01.11.2025)

Mandatory:

• Minimum 3 years of post-basic education qualification experience in Job related to working on quantitative / risk analytics / Valuation / Model Validation / General Accounting policies, Investments / Derivatives etc. of commercial Banks / NBFC / Investment Banks.
• Out of the total 3 years of experience, minimum 2 years of experience with programming languages used in data science - R / Python or Similar Language.
• (Training & Teaching experience will not be counted for eligibility)
• Note: Experience Certificate / Any other Document evidencing the relevant / essential experience needs to be
• submitted by the applicant. Document(s) submitted by the candidate will be considered on merit at the sole
• discretion of the Bank and Banks decision shall be final

SPECIFIC SKILLS

• Technical Skills: Proficiency in statistical analysis software and programming languages (e.g., R, Python, SAS). Familiarity with financial modelling tools and techniques.
• Excellent Communication Skills (verbal as well as written).
• Knowledge of Java would be a plus.
• Machine learning/ Artificial Intelligence knowledge would be a plus.
• Self-motivated, proactive and demonstrating an exceptional drive towards delivery.
• Familiarity with developing models using semi structured as well as unstructured data.
• End to end experience from data extraction to modelling and its validation.
• Experience of working in a project environment as a developer

Job Profile & Key Responsibility Areas

Detail Description of Job Profile, Role, Responsibilities, and Functions:

Role: Model Validator

Responsibilities and Functions:

• Responsibilities and Functions:
• Model Validation: Assist in the validation of financial models to ensure their accuracy, reliability, and compliance with regulatory standards.
• Data Analysis: Conduct statistical analysis and stress testing on models to evaluate their performance and robustness.
• Documentation: Prepare detailed documentation of validation processes, findings, and recommendations.
• Collaboration: Work closely with senior model validators, risk management, finance, and IT departments to support model validation activities.
• Compliance: Ensure models adhere to internal policies and regulatory requirements.
• Continuous Improvement: Contribute to the development and enhancement of model validation frameworks and methodologies.
• Reporting: Assist in the preparation of validation reports for senior management and regulatory bodies.
• Any other role as assigned by the Bank.
• KRAs:
• Independently validate all models put up to IMVT.
• Develop the calculation methodologies for valuation adjustment models such that account e.g. for the model risk uncertainty or concentration of positions.
• Develop Trading Risk methodologies, such as Incremental Risk Charge (IRC/DRC), VaR scenarios specifications, Risk not in model, historical market data models Stress test and Economic capital models, if required.
• Develop Counterparty Credit risk models.
• Develop and maintain credit risk models using statistical and machine learning techniques.
• Collaborate with cross-functional teams to understand business requirements and translate them into model specifications,
• Perform data extraction, cleaning, and preprocessing to prepare datasets for modelling,
• Validate and back-test models to ensure accuracy and reliability,
• Assess conceptual soundness, input integrity, calibration, back-testing, and outcome analysis.
• Document validation reports and track findings for timely closure.
• Coordinate with model owners of various departments.
• Monitor ongoing performance of models (e.g., accuracy ratio, Gini, back-testing errors) where the monitoring is entrusted to IMVT.
• Coordinate with Audit department and submit required disclosures.
• Submit periodic reports to senior management, and regulators if required.
• Organize workshops and trainings on model risk, validation techniques, and regulatory developments.
• Be responsible for model life cycle management as per the Banks policy.
• Call periodic meetings of the various entities / sub-groups as and when required and document the proceedings etc.
• Support in system and IT integration tools.
• (KRAs are indicative and can be amended as per requirement.)

Selection process:

SELECTION PROCESS: The selection will be on the basis of Shortlisting and Interview.

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. The decision of the Bank to call the candidates for the interview shall be final. No correspondence will be entertained in this regard.

Interview: Interview will carry 100 marks. The qualifying marks in interview will be decided by the Bank. No correspondence will be entertained in this regard.

Merit List: Merit list for selection will be prepared in descending order on the basis of scores obtained in interview only. In case more than one candidate scores the cut-off marks (common marks at cut-off point), such candidates will be ranked according to their age in descending order, in the merit list.

Remuneration & contract period:

Basic: 64820-2340/1-67160-2680/10-93960

(The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund i.e., NPS, LFC, Medical Facility, leave etc. as per rules in force from time to time and Salary and perks as per

Banks salary structure)

Equivalent Grade:MMGS-II

CALL LETTER FOR INTERVIEW:

CALL LETTER FOR INTERVIEW: Intimation/call letter for interaction will be uploaded on bank's website or sent by email, as decided by

the Bank. NO HARD COPY WILL BE SENT.

HOW TO APPLY:

Candidates should have valid Email ID which should be kept active till the declaration of result. It will help him/her in getting call letter/Interview advice etc. by email

GUIDELINES FOR FILLING ONLINE APPLICATION

Candidates will be required to register themselves online through the link available on SBI website https://bank.sbi/web/careers/current-openings and pay the application fee using Internet Banking/ Debit Card/ Credit Card/ UPI etc.

ii. Candidates should first scan their latest photograph and signature. Online application will not be registered unless candidate uploads his/ her photo and signature as specified on the online registration page (under How to Upload Document).

iii. Candidates should fill the application carefully. Once application is filled-in completely, candidate should submit the same. In the event of candidate not being able to fill the application in one go, he can save the information already entered. When the information/ application is saved, a provisional registration number and password is generated by the system and displayed on the screen. Candidate should note down the registration number and password. They can re-open the saved application using registration number and password and edit the particulars, if needed. This facility of editing the saved information will be available for three times only. Once the application is filled completely, candidate should submit the same and proceed for online

payment of fee.

iv. After registering online, the candidates are advised to take a printout of the system generated online application form.

v. Candidates seeking Age relaxation are required to submit copies of necessary certificates at the time of document verification. No change in category of any candidate is permitted after registration of online application

GUIDELINES FOR PAYMENT OF FEES

Application fees and Intimation Charges (Non-refundable) is 750/- ( Seven Hundred Fifty only) for General/EWS/OBC candidates and no fees/intimation charges for SC/ ST /PwBD candidates.

ii. After ensuring correctness of the particulars in the application form, candidates are required to pay the fees through payment gateway integrated with the application. No change/ edit in the application will be allowed thereafter.

iii. Fee payment will have to be made online through payment gateway available thereat. The payment can be made by using Debit Card/ Credit Card/ Internet Banking/ UPI etc. by providing information as asked on the screen. Transaction charges for online payment, if any, will be borne by the candidates.

iv. On successful completion of the transaction, e-receipt and application form, bearing the date of submission by the candidate, will be generated which should be printed and retained by the candidate.

v. If the online payment of fee is not successfully completed in first instance, please make fresh attempts to make online payment.

vi. A provision is there to reprint the e-Receipt and Application form containing fee details, at later stage.

vii. Application Fee once paid will NOT be refunded on any account NOR can it be adjusted for any other examination or selection in future