SBI Recruitment 2024 – 155 Trade Finance Officer/Market Risk Specialist

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SBI Recruitment 2024 – The State Bank of India invites online applications to recruit a Trade Finance Officer/Climate Risk Specialist/Market Risk Specialist. There are 155 vacancies to be filled for these posts. Candidates with the qualification of Graduate/Master’s Degree/CA/ICWA/MBA/PGDM are eligible to apply for this job. Interested and eligible candidates can apply online on or before 27 June 2024. Here, we describe the eligibility in detail and attach the application link for user convenience.

SBI Recruitment

State Bank of India Jobs

State Bank of India has advertised for Trade Finance Officer/Climate Risk Specialist/Market Risk Specialist posts. This new vacancy from State Bank of India is for candidates with 2-5 years of experience. If you want to know more details regarding the job, like salary, age, mode of application, examination, selection, application fee, important dates, and job location, you can find them below. You can check the official notification below if you still have any doubts. The selection process will be based on Interviews. The age limit for the Trade Finance Officer/Climate Risk Specialist/Market Risk Specialist post is 23 – 40 years. Candidates are offered a monthly salary of Rs. 48,170 – 78,230/-.  Candidates with requisite qualifications from recognized universities/boards/institutions must only apply. Interested and eligible candidates can apply online on or before 27 June 2024. For more details, visit https://sbi.co.in/

State Bank of India: It is an Indian multinational, public sector banking and financial statutory body. Its headquarters is in Mumbai and it is a government corporation statutory body. It is the largest bank in India with a 23 per cent market share in assets. The Bank of Madras merged into presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India.

SBI Recruitment 2024 – Overview:

Job Role Trade Finance Officer/Climate Risk Specialist/Market Risk Specialist
Job Type Bank Jobs
Qualification Graduate/Master’s Degree/CA/ICWA/MBA/PGDM
Total Vacancies 155 Posts
Experience 2 – 5 Years
Salary Rs. 48,170 – 78,230/-
Job Location Mumbai, Hyderabad & Kolkata
Application Last Date 27 June 2024

Detailed Eligibility – State Bank of India Jobs:

Educational Qualification:

Trade Finance Officer (MMGS-II):

  • Graduate (any discipline) from a recognized University or Institution AND Certificate in Forex by IIBF
  • Other Qualification: Certificate for Documentary Credit Specialists (CDCS) certification will be preferred / Certificate in Trade Finance / Certificate in International Banking (Preferably)
  • Min. 2 years experience (Post Essential Academic Qualification experience) in Trade Finance processing as an executive in supervisory role in any Scheduled Commercial Bank
  • Specific Skills required: Outstanding communication, presentation and processing skills.

Climate Risk Specialist (MMGS-III):

  • Minimum Postgraduate/ Master’s degree in environmental management/Environmental Sciences/Climate Change/Climate Finance/Disaster Management/Natural Resource Management/Statistics/MBA(Finance)/MBA (Banking & Finance) from a recognized university with first class or equivalent with a consistently good academic record throughout.
  • Preferred qualifications: Financial Risk Manager (FRM) by GARP OR Professional Risk Managers by PRMIA OR Sustainability and Climate Risk by GARP
  • Minimum 3 years of post-qualification work experience in Risk Management Department of any Banks/Financial Institutions/Rating Agencies/Brokerage firms or Risk Advisory in Consulting Firms, with at least 2 years’ work experience in dealing with Climate Change related risks and assessment models

Desirable:

  • Work Experience in Risk Management Cycle – with expertise in Climate Change Risk Management. Identification/Assessment/Measurement/Metrics and Disclosures and Risk Mitigation Strategies, Stress Testing – creation, execution and analysis of stress testing outcome.
  • Experience in consulting and/or industry experience in Climate Change, Climate risk analysis, Sustainability strategy, Climate Finance, Green finance, clean energy and ESG related areas.
  • Working Knowledge on Climate Risk Models, like Integrated Assessment Models (IAMs) or Climate physical and transition risk assessment tools by various service providers, such as Global Change Assessment Model (GCAM) and Paris Agreement Capital Transition Assessment (PACTA) etc.
  • Expertise in Model development/ validation/ audit/ review experience for financial and non-financial risks.
  • Experience of working on Stress test models (ex- for climate transitional and Physical Risk, Integration of credit risk in climate scenario or cyber risk scenario etc.) etc.
  • Having hands on knowledge on NGFS (Network for Greening the Financial System) and other climate scenarios. Knowledge in creating & executing climate scenarios and their analysis.
  • Having working knowledge in SBTi, PCAF, GRI etc.
  • Effective written and verbal communication skills

Specific Skills required: 

  • Excellent Communication Skills (verbal as well as written)
  • Problem Solving Attitude
  • Analytical Thinking
  • Proficiency in MS Office applications, especially in MS Excel and Power Point.

Market Risk Specialist (MMGS-III):

  • Chartered Accountant (CA)/ICWA/MBA(Finance/Banking) or equivalent / PGDM (Finance) or equivalent from institutions recognized/approved by Govt. bodies / AICTE/ UGC
  • Minimum 5 years of Post Qualification experience in a Job-related to working on General Accounting policies, Investments / Derivatives / Valuation, etc., of commercial Banks/NBFC/Large corporates.
  • Preferred: Candidates with experience in Ind AS Implementation treasury solutions on Ind AS would be preferred

Preferred qualifications:



  • Financial Risk Manager (FRM) by GARP or
  • Professional Risk Managers by PRMIA or
  • CFA

Specific Skills required: 

  • Excellent Communication Skills (verbal as well as written)
  • Problem Solving Attitude
  • Analytical Thinking
  • Experience in working on applications like Murex, Python, Calypso etc.
  • Proficiency in MS Office applications, especially in MS Excel.

Age Limit(As on 31 December 2023): 

  • Trade Finance Officer (MMGS-II): 23 – 32 Years
  • Climate Risk Specialist (MMGS-III): 25 – 40 Years
  • Market Risk Specialist (MMGS-III): 28 – 40 Years

Age Relaxation: Relaxation in upper age limit will be available to reserved category candidates as per Govt. of India guidelines

Salary: 

  • Trade Finance Officer (MMGS-II): Rs (48170-1740/1-49910-1990/10-69810)
  • Climate Risk Specialist (MMGS-III): Rs (63840-1990/5-73790-2220/2-78230)
  • Market Risk Specialist (MMGS-III): Rs (63840-1990/5-73790-2220/2-78230)

Total Vacancies: 155 Posts

  • Trade Finance Officer (MMGS-II): 150 Posts
  • Climate Risk Specialist (MMGS-III): 02 Posts
  • Market Risk Specialist (MMGS-III): 03 Posts

Selection Process of State Bank of India Jobs:

  • 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 the candidate to be called for an 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 interview.
  • The decision of the Bank to call the candidates for the interview shall be final.
  • No correspondence will be entertained in this regard.
  • The qualifying marks in interview will be decided by the Bank.

Interview: Interview will carry 100 marks.



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 score 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.

Note: Intimation/call letter for interview will be sent by email or will be Uploaded on bank’s website. No hard copy will be sent

Application Fees:

  • SC/ ST/ PWD – Nil
  • General/ EWS/ OBC – Rs.750/-

Application Fees Mode: Debit Card/ Credit Card/ Internet Banking etc

How to Apply for SBI Recruitment 2024?

All interested and eligible candidates can apply online from 07 June 2024 to 27 June 2024

For More Details & To Apply: Click here.


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Reviewed by Prasanth S