SBI Manager (Risk Specialist – Climate Risk) Recruitment 2026

State Bank of India (SBI) has invited online applications for the post of Manager (Risk Specialist – Climate Risk) in Middle Management Grade Scale III (MMGS–III) on a regular basis. This is a niche specialist role for professionals with experience in risk management and strong expertise in climate and sustainability risk.

Overview of the Recruitment

  • Post: Manager (Risk Specialist – Climate Risk)
  • Grade/Scale: MMGS–III (Manager)
  • Advertisement No.: CRPD/SCO/2025-26/24
  • Total Vacancies: 2 (Unreserved) with 1 horizontal vacancy for PwBD (Visual Impairment – VI)
  • Age Limit (as on 31.01.2026): 25 to 40 years (upper age relaxed for PwBD as per Govt. rules)
  • Place of Posting: Mumbai (with all‑India transfer/deputation liability)
  • Engagement Type: Regular Specialist Cadre Officer
  • Online Registration & Fee Payment: 24.02.2026 to 16.03.2026
  • Selection Process: Shortlisting followed by Interview

Official Application Page (SBI Careers):
https://sbi.bank.in/web/careers/current-openings

Vacancy, Grade & Pay Scale

Vacancies

PostCategoryPwBD (VI)Total
Manager (Risk Specialist – Climate Risk)UR1 (VI)2
  • Reservation for PwBD is horizontal and counted within the parent category.
  • Vacancies are provisional and may change according to SBI’s requirements.

Pay Scale & Benefits

  • Pay Scale (MMGS–III): Rs. 85,920 – 2,680 – 99,320 – 2,980 – 1,05,280
  • Benefits (as per Bank rules):
    • Dearness Allowance (DA)
    • House Rent Allowance (HRA)
    • City Compensatory Allowance (CCA)
    • Provident Fund & NPS
    • Leave Fare Concession (LFC)
    • Medical facilities and other perquisites
  • Probation Period: 6 months

Eligibility Criteria

All criteria are reckoned as on 31.01.2026.

Age

  • Minimum: 25 years
  • Maximum: 40 years (General)
  • PwBD: Relaxation in upper age as per prevailing Government of India guidelines.

Essential Educational Qualification

First‑class degree in any one of the following streams from a recognised / approved institution:

  • B.E. / B.Tech in Environmental Engineering / Climate Change or equivalent; or
  • Postgraduate / Master’s degree in:
    • Environmental Engineering
    • Environmental Management
    • Environmental Sciences
    • Climate Change
    • Climate Finance / Sustainability
    • Statistics
    • MBA (Finance) or MBA (Banking & Finance)

Preferred Certifications

Candidates with any of these certifications will be preferred:

  • Financial Risk Manager (FRM) – GARP
  • Professional Risk Manager – PRMIA
  • Sustainability and Climate Risk – GARP
  • Any climate‑risk‑related course from a globally reputed institute

Experience

Mandatory (post‑qualification):

  • Minimum 3 years of work experience in the Risk Management Department of any of the following:
    • Bank
    • Financial Institution
    • Rating Agency
    • Brokerage firm
    • Risk advisory in a consulting firm

Preferred experience:

  • At least 2 years specifically in climate‑change‑related financial risk and assessment models.

Important:

  • Training/teaching experience is not counted.
  • Experience must be supported by certificates or documents clearly mentioning the relevant role/department.

Desired Skill Set

The ideal candidate should have:

  • Full‑cycle risk management experience with a focus on climate risk.
  • Hands‑on exposure to:
    • Climate risk identification, measurement and mitigation.
    • Climate scenario analysis and stress testing.
    • Climate finance, green finance, clean energy and ESG topics.
  • Working knowledge of climate risk models/tools such as:
    • Integrated Assessment Models (IAMs)
    • GCAM, PACTA or similar tools for physical and transition risk.
  • Experience in model development / validation / review for financial or non‑financial risk models.
  • Familiarity with key frameworks and standards: NGFS scenarios, SBTi, PCAF, GRI, BRSR, TCFD etc.
  • Strong data analysis skills and comfort with large datasets; excellent command of MS Excel and PowerPoint.
  • Excellent written and verbal communication skills and a problem‑solving, analytical mindset.

Job Profile & Responsibilities

As Manager (Risk Specialist – Climate Risk), you will support SBI in embedding climate risk into its overall risk framework and regulatory compliance.

Core Responsibilities

  • Implement the Climate Change Risk Management Policy and related frameworks aligned with Bank strategy.
  • Identify climate risks at portfolio and account levels, and prioritise sectors/customers for detailed analysis.
  • Assess the Bank’s exposure to physical and transition climate risks, including impact on assets, operations and supply chains.
  • Calculate financed emissions and carbon footprint for lending portfolios; track and report emissions over time.
  • Design inputs and run climate scenarios and stress tests, and link climate stress testing with credit and market risk stress tests.
  • Conduct ongoing research on regulatory expectations (RBI, SEBI, Basel, etc.) and global standards (TCFD, GRI, SBTi, NGFS, PCAF, BRSR).
  • Support preparation of climate‑related disclosures and reports for regulators, investors and other stakeholders.
  • Organise and deliver training / workshops on climate risk for internal teams.

Key Result Areas (KRAs) – Indicative

  • Accurate measurement and monitoring of financed emissions and climate metrics.
  • Robust climate risk identification and sector/customer prioritisation.
  • Timely execution and analysis of climate stress tests and scenario exercises.
  • Periodic review and effective implementation of the Bank’s climate risk policy.
  • Quality of climate risk reports and internal capacity‑building initiatives.

Reservation, PwBD & CIBIL Conditions

  • Horizontal reservation for Persons with Benchmark Disabilities (PwBD) – specifically Visual Impairment (VI).
  • Only applicants with at least 40% benchmark disability are eligible to claim PwBD benefits, as per RPwD Act.
  • PwBD candidates must upload a valid disability certificate (dated on or before last registration date) from the competent authority.
  • SBI can interchange PwBD categories for backlog vacancies among eligible PwBD candidates where permissible.

CIBIL / default rule:

  • Candidates with unpaid loan/credit card defaults who have not regularised dues by the date of offer are not eligible.
  • Even after regularisation, candidates must either get CIBIL status updated or produce NOCs from lenders; otherwise, the offer can be cancelled.

Selection Process

  1. Shortlisting
    • Shortlisting is based on parameters decided by a Bank‑constituted committee.
    • Meeting minimum eligibility does not guarantee an interview call.
  2. Interview
    • Personal interview carries 100 marks.
    • Qualifying marks and final criteria are decided by SBI; no correspondence is entertained.
  3. Final Merit List
    • Category‑wise merit list is prepared solely on interview scores.
    • In case of tie at the cut‑off, the older candidate (by age) is ranked higher.

How to Apply Online

Important Dates

  • Start of Online Registration & Fee Payment: 24.02.2026
  • Last Date for Online Registration & Fee Payment: 16.03.2026

Step‑by‑Step Process

  1. Visit SBI Careers
  2. Register
    • Click “Apply Online”.
    • Register with a valid email ID and mobile number (keep them active till final result).
  3. Fill the Online Form
    • Enter personal, academic and experience details carefully.
    • If needed, save the form mid‑way; a provisional registration number and password will be generated.
    • You can edit the saved form up to three times before final submission.
  4. Upload Photo, Signature & Documents
    • Photo: Colour passport‑style, JPG/JPEG, 20–50 KB, 200×230 px.
    • Signature: Black ink on white paper, JPG/JPEG, 10–20 KB, 140×60 px, not in capitals.
    • Documents (PDF, A4, ≤ 500 KB each):
      • Brief resume
      • ID proof
      • Date of birth proof
      • PwBD certificate (if applicable)
      • Educational certificates & mark‑sheets
      • Experience certificates
      • Form‑16 / offer letter / latest salary slip from current employer
      • NOC from present employer (if applicable)
      • Biodata form in the prescribed format
    Ensure all uploaded files are clear and readable; once submitted, they cannot be changed.
  5. Pay Application Fee
    • General / EWS / OBC: Rs. 750 (non‑refundable)
    • SC / ST / PwBD: No fee
    • Pay online using debit/credit card or internet banking via the integrated payment gateway.
    • After successful payment, download and print both the e‑receipt and the final submitted application.

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Why this Role Matters

Climate risk is rapidly becoming central to bank regulation, capital planning and portfolio strategy. SBI’s dedicated Manager (Climate Risk) position signals that climate‑related financial risk is no longer a side topic but a core part of enterprise risk. For professionals with a blend of risk management, quantitative skills and climate/ESG knowledge, this role offers:

  • Direct involvement in shaping India’s largest bank’s climate risk framework.
  • Exposure to cutting‑edge scenario analysis and stress‑testing work.
  • A strong platform for future leadership roles in risk, sustainability or ESG.

Who Should Seriously Consider Applying?

You are well‑aligned for this role if:

  • You already work in a risk function (credit/market/enterprise/model risk) and have started handling climate or ESG‑related projects.
  • You come from a climate / sustainability consulting background and have hands‑on exposure to financed‑emissions, climate scenarios or transition‑risk modelling.
  • You are a quant‑oriented environmental/finance professional (e.g., FRM/PRM with climate work, or climate scientist with strong data skills) wanting to move into large‑bank risk roles.

If you have generic ESG experience but little modelling or stress‑testing exposure, you should still apply but be ready to demonstrate your learning curve and technical comfort.

Practical Preparation Plan for the Interview

  1. Understand SBI’s Risk Context
    • Read up on RBI guidelines related to climate risk and sustainable finance.
    • Familiarise yourself with how large banks globally are integrating climate scenarios into ICAAP/ICAAR, stress testing and disclosures.
  2. Brush Up Climate Risk Fundamentals
    • Be clear on physical vs transition risk, sectoral vulnerabilities (power, metals, autos, real estate, MSME, etc.) and typical channels through which these hit PD/LGD or market risk.
    • Know the basics of common climate scenarios (e.g., NGFS orderly vs disorderly transitions, hot‑house world).
  3. Strengthen Quant & Modelling Narrative
    • Prepare 2–3 solid case studies from your work where you:
      • Built or validated a risk model, or
      • Designed/ran a stress test, or
      • Analysed a portfolio under different scenarios.
    • Focus on problem statement, data used, methodology, key outputs and how management used your work.
  4. Link Frameworks to Practical Work
    • Be ready to explain how you would use frameworks like TCFD, SBTi, PCAF, GRI, BRSR in a bank context—e.g., which metrics matter, how you would collect data, and what “good disclosure” looks like.
  5. Prepare for Behavioural & Fit Questions
    • Expect questions like:
      • “How would you convince a business unit to adapt its lending strategy for climate risk?”
      • “Describe a time you worked with incomplete or messy climate data—how did you ensure robustness?”
    • Emphasise stakeholder management, ability to explain complex risk concepts to non‑specialists and your motivation for working in public‑sector banking.

Common Pitfalls to Avoid

  • Treating climate risk as purely qualitative ESG work without linking it to financial metrics (NPA risk, capital, earnings volatility).
  • Over‑relying on jargon without being able to walk through a complete, numerically grounded example.
  • Ignoring regulatory nuance—SBI operates under RBI’s expectations, which may differ from EU/US templates you’ve seen.

If you focus on translating technical climate knowledge into bank‑relevant, risk‑quantified insights, you will stand out.

To explore similar specialist and high‑impact roles, you can also read:

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We have carefully studied the official SBI advertisement and presented the information in simplified, user‑friendly form. Still, errors or later changes are possible, so always verify all key details (eligibility, dates, fee, process) from the official SBI notification and careers page before applying.

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