Position: Deputy Manager (Interest Rate Market)
Location: Pan-India (All India)
Organization: State Bank of India (SBI)
SBI invites applications from qualified finance professionals for the role of Deputy Manager (Interest Rate Market). This position supports treasury and market risk activities with a focus on interest rate products, analytics, and risk governance. The role is suited to candidates with strong financial acumen, an analytical mindset, and the ability to collaborate across trading, risk, finance, and compliance teams.
Key Responsibilities
- Support interest rate market activities, including analysis and monitoring of interest rate risk exposures.
- Assist in developing, reviewing, and enhancing risk frameworks, policies, and controls related to interest rate products.
- Perform portfolio and market analytics such as scenario analysis, stress testing, sensitivity analysis, and trend monitoring.
- Prepare and review MIS, dashboards, and periodic reports for senior management and relevant committees.
- Coordinate with internal stakeholders (Treasury, ALM, Risk, Finance, Compliance) to ensure alignment with risk appetite and regulatory expectations.
- Contribute to model-related activities (assumptions review, validation support, documentation) for interest rate risk measurement, where applicable.
- Support audit, inspection, and regulatory queries by providing timely data, explanations, and documentation.
- Assist in process improvement initiatives to enhance reporting accuracy, turnaround time, and control effectiveness.
Requirements
- Education: MBA/PGDBM with specialization in Finance from a recognized institute.
- Age Limit: Up to 35 years (as per referenced recruitment details; relaxations may apply as per applicable rules).
- Core Competencies:
- Strong understanding of fixed income markets and interest rate risk concepts (e.g., duration, convexity, yield curve dynamics).
- Analytical skills with attention to detail and ability to interpret market and portfolio data.
- Proficiency in preparing structured reports and presentations for stakeholders.
- Working knowledge of banking/treasury operations, risk governance, and compliance requirements is preferred.
- Communication: Clear written and verbal communication skills; ability to collaborate across teams.
Compensation
Pay Scale: Rs. 31,705 – 45,950 (as per referenced recruitment details and applicable bank norms).
Benefits
- Opportunity to work with India’s largest public sector bank in a high-impact treasury/risk function.
- Structured career growth and exposure to enterprise-level risk and market operations.
- Competitive compensation as per SBI norms.
- Access to professional development, learning resources, and internal mobility opportunities (subject to policy).
- Benefits and allowances as per bank rules and role eligibility.
About the Company
State Bank of India (SBI) is India’s leading public sector bank with a strong domestic and international presence. SBI plays a critical role in the country’s financial ecosystem, offering a wide range of banking and financial services. The bank is known for its robust governance, large-scale operations, and commitment to innovation and customer service.
Application Process
- Mode: Online application through SBI’s official website (as per the referenced notice).
- Candidates may be required to submit a hard copy of the online application along with relevant documents, as per recruitment instructions.
- Selection: Shortlisting and personal interview (as per referenced recruitment details).
Note: Candidates should refer to the official SBI notification for definitive eligibility conditions, category-wise relaxations, documentation requirements, and any updates to dates or procedures.