State Bank of India Recruitment 2025 – Specialist Cadre Officers (Regular Basis)
Advertisement No: CRPD/SCO/2025-26/14
Recruitment Type: Regular Basis (Specialist Cadre Officers)
State Bank of India (SBI) Recruitment 2025
State Bank of India (SBI) has announced a new job vacancy for the post of Assistant General Manager, Manager. This is an excellent career opportunity for job seekers. Check the eligibility, salary details, and vacancy information. Don’t miss this chance—apply now for the latest recruitment!
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Organization Details
- Organization Name: State Bank of India (SBI)
- Organization Name (Hindi): भारतीय स्टेट बैंक
- Department: Central Recruitment & Promotion Department (Corporate Centre, Mumbai)
- Phone: 022-22820427
- Email: crpd@sbi.co.in
- Head Office Address: Corporate Centre, Mumbai, Maharashtra, India
- Employment Type: Regular, Full-time
- Probation Period: 12 Months
Available Posts and Designations
| Post Name (English) | Post Name (Hindi) | Grade | Vacancy Type | Age Limit (as on 01.10.2025) | Suggested Posting | Selection Procedure |
|---|---|---|---|---|---|---|
| Assistant General Manager (Product & Research – Forex & Rupee Derivatives) | सहायक महाप्रबंधक (उत्पाद एवं अनुसंधान – विदेशी मुद्रा एवं रुपया डेरिवेटिव्स) | SMGS-V | Regular | Minimum 35 years – Maximum 45 years | Mumbai | Shortlisting and Interview |
| Manager (Product & Research – Forex & Rupee Derivatives) | प्रबंधक (उत्पाद एवं अनुसंधान – विदेशी मुद्रा एवं रुपया डेरिवेटिव्स) | MMGS-III | Regular | Minimum 24 years – Maximum 36 years | Mumbai | Shortlisting and Interview |
| Manager (Research Analyst) | प्रबंधक (अनुसंधान विश्लेषक) | MMGS-III | Regular | Minimum 24 years – Maximum 36 years | Mumbai | Shortlisting and Interview |
Note: The suggested place of posting is indicative. The Bank reserves the right to post or transfer candidates to any office in India or deputation to its associates/subsidiaries as per service exigencies.
Pay Scale and Allowances
| Grade | Pay Scale | Remarks / Benefits |
|---|---|---|
| Senior Management Grade Scale-V | ₹120,940 – 3,360/2 – 127,660 – 3,680/2 – 135,020 | Eligible for DA, HRA, CCA, Provident Fund, Contributory Pension Fund (NPS), Leave Fare Concession, Medical Facility, and other perquisites as per bank rules. |
| Middle Management Grade Scale-III | ₹85,920 – 2,680/5 – 99,320 – 2,980/2 – 105,280 | Eligible for all allowances and perquisites as per bank rules. |
Important Dates
- Online Registration of Application & Fee Payment: From 08.10.2025 to 28.10.2025
- Cut-off Date for Age, Qualification, and Experience: 01.10.2025
Educational Qualification and Experience
Assistant General Manager (Product & Research – Forex & Rupee Derivatives)
- Essential Qualification: MBA (Finance) / PGDBM (Finance) / PGDM (Finance) or equivalent with Finance specialization from a recognized institute.
- Preferred Qualification: CFA / FRM / CA / Cost Accountant (CMA, erstwhile ICWA)
- Experience: Minimum 10 years of experience in Forex and Rupee markets in Corporate/Non-Corporate Organizations, Research Firms, Brokerage Firms, Banks, NBFCs, or Mutual Funds. Training and teaching experience will not be counted.
- Specific Skill: Proficiency in spoken and written English.
Manager (Product & Research – Forex & Rupee Derivatives)
- Essential Qualification: MBA (Finance) / PGDBM (Finance) / PGDM (Finance) or equivalent degree with Finance specialization.
- Preferred Qualification: CFA / FRM / CA / Cost Accountant (CMA, erstwhile ICWA)
- Experience: Minimum 3 years of post-qualification experience in Forex/Rupee markets in relevant organizations. Training and teaching experience will not be counted.
- Specific Skill: Proficiency in spoken and written English.
Manager (Research Analyst)
- Essential Qualification: MBA (Finance) / PGDBM (Finance) / PGDM (Finance) or equivalent with Finance specialization.
- Preferred Qualification: CFA / FRM / CA / Cost Accountant (CMA, erstwhile ICWA)
- Experience: Minimum 3 years of post-qualification experience in equity research in Corporate/Non-Corporate Organizations, Research Firms, Brokerage Firms, Banks, NBFCs, or Mutual Funds.
- Specific Skill: Proficiency in spoken and written English.
Detailed Job Profiles and Key Responsibility Areas (KRAs)
Assistant General Manager (Product & Research – Forex & Rupee Derivatives)
The selected candidate will be responsible for developing and delivering customized financial solutions while ensuring that product offerings remain aligned with market dynamics and regulatory expectations.
Primary Functions:
- Conduct research followed by the development of new derivative products in line with the prevailing market.
- Evaluate the performance of products on an ongoing basis.
- Assist in marketing derivative products to clients.
- Provide periodic updates to top management.
Key Responsibility Areas (KRAs):
- Lead conceptualization and development of new derivative instruments.
- Conduct macroeconomic and interest rate research to support product suitability.
- Prepare product notes, risk disclosures, and documentation for approval committees.
- Evaluate product performance and recommend product positioning strategies.
- Coordinate with internal departments (Risk, Legal, ITTSS, IAD) for compliance and approvals.
- Work closely with CTMU/RTMUs to promote derivative penetration among corporate and retail clients.
- Assist in automation and integration of compliance workflows.
- Mentor AVP-level team members and contribute to strategic product planning.
KRAs shall be assigned upon joining. Job profiles are illustrative and may be expanded by the Bank as per requirement.
Manager (Product & Research – Forex & Rupee Derivatives)
The selected candidate will design and support tailored product offerings based on client needs and evolving market and regulatory frameworks.
Roles and Responsibilities:
- Monitor market trends and assess client requirements.
- Assist in product development and coordinate with various departments.
- Prepare regular updates and reports for stakeholders and top management.
Key Responsibility Areas (KRAs):
- Support product design, pricing model validation, and competitive benchmarking.
- Conduct data analysis and market research for derivative products.
- Develop new structures such as rupee swaps and bond forward agreements.
- Assist in product approval documentation and regulatory compliance.
- Coordinate with product governance, compliance, and technology teams.
KRAs will be finalized upon joining. The listed tasks are indicative.
Manager (Research Analyst)
Responsible for providing in-depth research and analysis across equity, forex, and debt markets to generate actionable insights for trading and management decisions.
Roles and Responsibilities:
- Conduct fundamental and technical research across multiple asset classes.
- Analyze macroeconomic trends, central bank policies, and geopolitical developments.
- Generate financial models, valuation reports, and market outlook notes.
- Track corporate earnings, bond yields, and currency fluctuations.
- Collaborate with trading desks to align strategies with research outcomes.
Key Responsibility Areas (KRAs):
- Preparation of reports on equity markets, mutual funds, and macroeconomic events.
- Create forecasts for Forex, crude oil, and interest rate markets.
- Prepare quarterly updates for companies within the Bank’s investment portfolio.
- Maintain databases and indicators relevant for financial analysis.
KRAs shall be assigned after joining; the above list is illustrative.
Selection Process
- Shortlisting: The Bank’s committee will set shortlisting parameters based on qualifications and experience. Meeting the minimum criteria does not guarantee interview eligibility.
- Interview: Conducted for 100 marks; qualifying marks decided by the Bank. Only shortlisted candidates will be called.
- Final Merit List: Based solely on interview marks. In case of a tie, ranking will be done according to age in descending order.
Reservation and Disability Provisions
- Reservation for SC/ST/OBC and PwBD categories will be as per Government of India guidelines.
- Vacancies for OBC are applicable only for candidates of Non-Creamy Layer. Certificates must be issued between 01.04.2025 and interview date.
- PwBD Reservation is horizontal within parent categories.
- Suitable benchmark disability: Visual Impairment (Low Vision – VI-LV).
- Only persons with 40% or more benchmark disability are eligible. Certificate must be issued by a competent authority in prescribed format.
- Low Vision defined as visual acuity not exceeding 6/18 or less than 20/60 up to 3/60 or up to 10/200 (Snellen) in better eye, or limitation of field of vision subtending an angle less than 40° up to 10°.
Application Process
Step-by-Step Guide:
- Register online through the SBI careers portal at https://sbi.bank.in/web/careers/current-openings.
- Upload recent photograph and signature in prescribed size and format.
- Fill in all required details carefully. You can save and edit the application up to three times before final submission.
- Pay the application fee online using Debit/Credit Card or Internet Banking.
- Print the system-generated application and e-receipt for reference.
Documents Required (in PDF unless specified):
- Recent Photograph (20–50 KB, JPG/JPEG)
- Signature (10–20 KB, JPG/JPEG)
- Resume
- ID Proof and Date of Birth Proof
- Educational Certificates and Mark-sheets
- Experience Certificates and Latest Salary Slip/Form-16
- PwBD Certificate (if applicable)
- No Objection Certificate (for Government/PSU candidates)
- Duly filled Biodata Form (available on the Bank’s website)
Note: Upload only clear, readable documents in A4 size. Maximum file size for documents: 500 KB. Once uploaded and submitted, no changes are permitted.
Application Fees
| Category | Application Fee | Remarks |
|---|---|---|
| General / EWS / OBC | ₹750/- | Non-refundable; to be paid online only. |
| SC / ST / PwBD | Nil | No fees or intimation charges applicable. |
Important: Once paid, fees will not be refunded or adjusted for any other examination or future selection.
General Information and Instructions
- Candidates must ensure eligibility and correctness of all particulars before applying.
- Mere submission of the application does not guarantee an interview call.
- Appointment is subject to medical fitness and adherence to service and conduct rules of the Bank.
- Candidates already in Government/PSU service must produce a No Objection Certificate at the time of interview.
- The Bank reserves the right to cancel recruitment entirely or partially at any stage without specifying reasons.
- Any false information or suppression of facts will lead to cancellation of candidature or termination after appointment.
- Outstation candidates called for interview will be reimbursed economy class airfare by the shortest route as per rules.
- All legal proceedings will fall under the jurisdiction of Mumbai courts only.
- Candidates are advised to apply well before the closing date to avoid website or internet congestion.
- Any changes or corrigenda will be published only on the official SBI website.
Helpline and Contact Information
- Phone: 022-22820427
- Email: crpd@sbi.co.in
- Contact Form: Available under “Contact Us / Post Your Query” on SBI’s career website.
Official Links
- Official Website: https://sbi.bank.in/web/careers/current-openings
- Official Notification PDF: Download Official Notification
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