State Bank of India invites Online application from Indian citizens for appointment to the following Specialist Cadre Officers posts on regular basis. Candidates are requested to apply Online through the link given on Banks website https://bank.sbi/careers or https://www.sbi.co.in/careers

RECRUITMENT OF SPECIALIST CADRE OFFICERS IN SBI ON REGULAR BASIS

ADVERTISEMENT NO: CRPD/SCO/2022-23/10

Candidates are required to upload all required documents (brief resume, ID proof, age proof, caste certificate, PWD Certificate (if applicable), educational qualification, experience etc. failing which their application/candidature will not be considered for shortlisting/ interview.

A. DETAILS OF POST/VACANCY/ GRADE/SCALE/ AGE /PLACE OF POSTING/ /SELECTION PROCESS:

Name of Post: Risk Specialist IND AS

Grade/Scale: MMGS-III

B. DETAILS OF BASIC QUALIFICATION, PREFERRED QUALIFICATION, EXPERIENCE & SPECIFIC SKILLS REQUIRED:

BASIC QUALIFICATIONS:

i. Chartered Accountant (CA), or

ii. CFA, or

iii. MBA/PGDM (Finance /Data Analytics/Business Analytics) or its equivalent as full-time course from recognised institute, or

iv. M.Sc. (Statistics)

PREFERRED QUALIFICATIONS:

- Financial Risk Manager (FRM) by GARP,or

- Professional Risk Managers by PRMIA

EXPERIENCE AS ON 31/03/2022: Minimum 4 years post qualification experience in Risk Related work in Credit Risk and risk modelling in Financial Institutions /Rating Agencies/Brokerage firms.

SPECIFIC SKILLS DESIRED:

- Excellent Communication Skills (verbal as well as written)

- Problem Solving Attitude

- Analytical Thinking

- Experience in working on applications like python, R, SPSS,SAS,etc.

- Proficiency in MS Office applications, especially in MS Excel.

C. DETAILS OF JOB PROFILE (DETAILED DESCRIPTION OF ROLE, RESPONSIBILITIES & FUNCTION) AND KEY RESPONSIBILITY AREA:

POST: Risk Specialist- IND AS

JOB PROFILE:

- Defining significant increase in Credit Risk (SICR)

- Incorporating forward looking macro-economic factors in PD, LGD, and EAD models

- Calculation of PIT PD and lifetime PD for the entire loan portfolio

- Long run average Loss Given Default for the entire loan portfolio

- Monitoring of PD, LGD and EAD models on a quarterly basis.

- Validation of all the above models, redevelopment/recalibration of the models based on validation results

- Incorporation of process note on ECL methodology for investments as per IND-AS and monitoring of ECL model on regular basis

- Defining, effective interest rate (EIR) and the process to be adopted for the investment in the valuation manual

KRA:

- Bank RAROC

- Variance in risk exposure versus policy limits

- Value of loans structured and sold

- Number of breaches in adherence to regulatory policies

- Number of times there is a delay or error in risk reports.

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