SBI SCO Recruitment 2026-27: Chief Manager, Manager & Risk Specialist Vacancies and Pay
State Bank of India (SBI) has opened two Specialist Cadre Officer advertisements on the same day, with the same window. Advertisement /26 covers 1 Chief Manager (Product & Research – Forex & Rupee Derivatives) and 6 Manager (Product & Research Analyst) posts, and advertisement /27 covers 3 Risk Specialist posts. That makes 10 vacancies in total, all on a regular basis, with the suggested place of posting in Mumbai.
Registration and fee payment run from 02 November 2026 to 23 November 2026. These are experienced, finance-side roles, so read the experience rule for your own post before you pay anything. This guide covers both advertisements in one place, with the vacancy split, age limits, pay, selection and every condition that can cancel a candidature. Keep visiting GovtJobsAlert.in for fresh updates.
SBI SCO Recruitment 2026-27 Key Highlights
| Detail | Information |
|---|---|
| Organisation | State Bank of India, Central Recruitment & Promotion Department, Mumbai |
| Advertisement Numbers | CRPD/SCO/2026-27/26 and CRPD/SCO/2026-27/27 |
| Posts | Chief Manager, Manager, Risk Specialist |
| Total Vacancies | 10 (7 in /26 and 3 in /27) |
| Mode of Application | Online only |
| Selection | Shortlisting and Interview |
| Suggested Posting | Mumbai (indicative only) |
SBI is among the biggest names in banking jobs, and specialist posts like these sit outside the regular clerk and PO route. The /26 posts stay in the Specialist cadre, with no conversion into the General cadre.
How Many Vacancies Are There in SBI SCO Recruitment 2026-27?
| Post | Category-wise Vacancies | Total |
|---|---|---|
| Chief Manager (Product & Research – Forex & Rupee Derivatives), SMGS-IV | UR 1 | 1 |
| Manager (Product & Research Analyst), MMGS-III, regular | SC 1 / OBC 1 / UR 3 | 5 |
| Manager (Product & Research Analyst), MMGS-III, backlog | OBC 1 | 1 |
| Risk Specialist, MMGS-II | UR 3 | 3 |
Look at the split carefully. Advertisement /26 has no EWS or ST seats, and the Chief Manager and Risk Specialist posts have no seat at all for SC, ST, OBC or EWS. Reserved-category candidates can still apply for an Unreserved seat if they meet every Unreserved condition.
PwBD reservation is horizontal and sits inside the parent category. Chief Manager shows 1 seat for VI (Low Vision), Manager shows 1 VI (LV) seat against the backlog row, and Risk Specialist shows 1 seat for VI (Visually Impaired). All vacancy numbers are provisional, and the Bank can change them.
What is the Eligibility for SBI SCO Recruitment 2026-27?
Educational Qualification and Experience
| Post | Mandatory Qualification | Mandatory Experience |
|---|---|---|
| Chief Manager | MBA, PGDM, PGDBM or PGDBA (or equivalent degree) from an institution recognised by Government Bodies, AICTE or UGC, as on 30.09.2026 | 7 years after qualification in Forex and Rupee markets |
| Manager | Same degree as Chief Manager, as on 30.09.2026 | 3 years after qualification in Equity, Forex or Debt research |
| Risk Specialist | CA, or CFA, or MBA/PGDM (or equivalent) in Finance, Data Analytics or Business Analytics, as on 31.10.2026 | 2 years after qualification on Expected Credit Loss (ECL) modelling in a Risk Management Department |
For the Chief Manager and Manager posts, preference goes to Finance specialisation, and CFA, FRM, CA or Cost Accountant (CMA, erstwhile ICWA) are preferred qualifications. For Risk Specialist, FRM (GARP) or PRM (PRMIA) is preferred. Preferred means a plus point, not a must.
Experience counts only from named employers (corporate or non-corporate bodies, research or brokerage firms, banks, NBFCs or mutual funds for /26; a bank, financial institution, rating agency, brokerage or consulting risk advisory for /27). Teaching and training experience is not counted, and for Risk Specialist internship experience is not counted either. Chief Manager and Manager also need proficient spoken and written English. For /26, if your degree does not name the specialisation, produce a university certificate stating it.
See more roles for post graduates and commerce and finance candidates on our site.
Age Limit
| Post | Age (Minimum – Maximum) | Age Counted As On |
|---|---|---|
| Chief Manager | 30 – 40 years | 30.09.2026 |
| Manager | 24 – 36 years | 30.09.2026 |
| Risk Specialist | 25 – 35 years | 31.10.2026 |
🎂 Not sure if you meet the age criteria? Use our free Age Calculator for Government Exams to find your exact age on the cut-off date and instantly check your eligibility — including any age relaxation you qualify for. →
The maximum age is for Unreserved candidates. Relaxation in years:
| Category | Relaxation | Applies To |
|---|---|---|
| OBC (Non-Creamy Layer) | 3 years | Both advertisements |
| SC / ST | 5 years | Both advertisements |
| PwBD (VI-LV) Unreserved | 10 years | Both advertisements (UR/EWS in /27) |
| PwBD (VI-LV) OBC | 13 years | Both advertisements |
| PwBD (VI-LV) SC | 15 years | Both advertisements (SC/ST in /27) |
Cumulative age relaxation is not available, either within these items or in combination with any other. OBC candidates in the Creamy Layer get neither OBC reservation nor age relaxation and must apply as UR or UR (PwBD).
What is the Salary for SBI SCO Chief Manager, Manager and Risk Specialist 2026-27?
| Post | Grade | Pay Scale (Rs) |
|---|---|---|
| Chief Manager | SMGS-IV | 102300-2980/4-114220-3360/2-120940 |
| Manager | MMGS-III | 85920-2680/5-99320-2980/2-105280 |
| Risk Specialist | MMGS-II | 64820-2340/1-67160-2680/10-93960 (basic pay) |
Selected officers also get DA, HRA, CCA, Provident Fund, NPS, Leave Fare Concession, medical facility and other perquisites as per rules. Probation is 12 months for Chief Manager and Manager. For Risk Specialist, the notice says probation follows the Bank’s recruitment policy and gives no period. No CTC figure is stated in either notice.
What is the Selection Process for SBI SCO 2026-27?
| Stage | Detail |
|---|---|
| Shortlisting | A committee set by the Bank decides the parameters. Meeting the minimum eligibility gives no right to an interview call |
| Interview | Carries 100 marks. Qualifying marks are decided by the Bank |
| Merit List | Made in descending order of interview scores only. A tie at the cut-off is broken by age, older candidate first |
| Wait List (/27 only) | Category-wise, valid for one year from the final result or until a fresh advertisement for the post, whichever is earlier |
Shortlisting is provisional and done without checking documents, so a candidate who does not fit the conditions can be dropped later. The interview date is not announced yet. The call letter is sent by email or uploaded on the Bank’s website, and no hard copy is sent. Prepare with our preparation strategy page while you wait.
How to Apply Online for SBI SCO Recruitment 2026-27?
| Step | Action |
|---|---|
| 1 | Open the SBI careers current openings page (link in Essential Links below) and select your advertisement number, /26 or /27 |
| 2 | Download and read the detailed advertisement, then register with a valid email ID and mobile number |
| 3 | Fill in the form. You can save it and edit the saved details only three times |
| 4 | Upload photo, signature and PDFs, including the filled and signed Biodata form |
| 5 | Pay the fee online and print the e-receipt and application form |
Keep these ready: resume, ID proof, date of birth proof, degree and mark sheets, experience certificates and your latest salary slip, Form-16 or offer letter. Add the caste or PwBD certificate if it applies. Photo must be 20 to 50 kb in JPG, signature 10 to 20 kb, and each PDF under 500 kb on A4 size. A signature in capital letters is not accepted. Do not send hard copies to the Bank.
What are the Important Dates for SBI SCO Recruitment 2026-27?
| Event | Date |
|---|---|
| Advertisement Date | 02 November 2026 |
| Online Registration Starts | 02 November 2026 |
| Last Date for Registration and Fee Payment | 23 November 2026 |
| Age, Qualification and Experience Cut-off (/26) | 30 September 2026 |
| Age, Qualification, Certification and Experience Cut-off (/27) | 31 October 2026 |
| Interview Date | Not announced |
Registration is complete only when the fee is paid online on or before 23 November 2026. The Bank advises you not to wait for the last day, as heavy load on the website can block you, and it takes no responsibility for that.
What is the Application Fee for SBI SCO Recruitment 2026-27?
| Category | Fee |
|---|---|
| General, EWS, OBC | Rs 750 (application fee and intimation charges) |
| SC, ST, PwBD | Nil |
The fee is the same for both advertisements and is paid only online by debit card, credit card or internet banking. It is never refunded and cannot be adjusted for any other selection. Candidates claiming fee exemption must produce the Competent Authority certificate in the prescribed format when asked at document verification, otherwise the claim is rejected and the candidature can be cancelled.
Conditions That Can Cancel Your SBI SCO Candidature
| Condition | What it means for you |
|---|---|
| Documents | Candidates who do not upload all required documents will not be considered for shortlisting or interview |
| Multiple applications | Only the last valid application is kept for a post, and the fee paid for the others is forfeited |
| Character | Candidates with an adverse report on character, antecedents or moral turpitude are not eligible |
| False information | Giving false information or hiding facts leads to disqualification and legal action, even after selection. Fraud or impersonation can get you debarred from future SBI recruitment |
| Corrections | No change is allowed after fee payment or final submission, or after the window closes. Requests by post, email or hand are rejected |
| OBC certificate | The non-creamy layer certificate must be issued between 01.04.2026 and the interview date, or the candidature will be cancelled |
| PwBD certificate | It must be dated on or before the last date of registration |
| Current employees | Employees of Government or quasi-government offices, PSUs, nationalised banks and financial institutions must bring a No Objection Certificate at interview, or the candidature will not be considered |
| Ineligible at interview | You will not be allowed to appear and will get no travel reimbursement |
| Joining | A discharge or relieving certificate from your current employer is required |
| Category change | No change of category is allowed after registration |
| Ineligible at any stage | If you are found not to meet the eligibility norms at any stage, the candidature is cancelled, and services can be terminated even after appointment |
| Multiple appearance | Appearing more than once at interview (or at joining, in /27) leads to summary rejection or cancellation |
| Documents at interview | The /26 biodata form lets the Bank cancel your candidature if you fail to submit any listed document at interview |
| Criminal cases | You must declare pending criminal cases at interview. The Bank may verify police records and can deny appointment |
Advertisement /26 also allows a candidate to apply for both Chief Manager and Manager if otherwise eligible. Appointment is subject to medical fitness and verification of references and antecedents, and the Bank can change vacancies or cancel the process without giving reasons.
SBI SCO Essential Links 2026-27
- Apply Online for SBI SCO Recruitment 2026-27 (Advt /26 – Chief Manager & Manager posts)
- Official Notification Page for SBI SCO Recruitment 2026-27, Apply Link for Advt /27 – Risk Specialist
- Download Detailed Advertisement PDF – Advt /26 (Chief Manager & Manager)
- Download Detailed Advertisement PDF – Advt /27 (Risk Specialist)
- Download Biodata Application Form – Advt /26 (Chief Manager & Manager)
- Download Biodata Application Form – Advt /27 (Risk Specialist)
- Visit SBI SCO Official Website
- Join WhatsApp Channel for Government Jobs
- Join Telegram Channel for Government Jobs
If you have the finance or risk experience these posts ask for, do not wait for the last week. Check your cut-off date, fill the biodata form carefully and pay the fee by 23 November 2026. Browse more Maharashtra government jobs and keep visiting GovtJobsAlert.in for every update.