Job Description
SBI SCO Lead Business
Analyst Recruitment 2026
|
Particulars |
Details |
|
Recruitment
Name |
SBI
Specialist Cadre Officer (SCO) Recruitment 2026-27 |
|
Organisation |
State
Bank of India (SBI) - Central Recruitment & Promotion Department |
|
Advertisement
No. |
CRPD/SCO/2026-27/04 |
|
Post
Name |
Lead
Business Analyst |
|
Total
Vacancies |
08
(UR - 05 | OBC - 02 | SC - 01 | PwBD (VI) - 01 [horizontal]) |
|
Nature
of Recruitment |
Contractual
(5 Years; terminable with 3 months' notice by either side) |
|
Age
Limit |
30-40
years as on 31 March 2026 (UR category; relaxation for reserved categories) |
|
Pay
Scale (Annual CTC) |
Up
to Rs. 45 Lakhs (negotiable based on experience & current CTC) |
|
Place
of Posting |
Mumbai
or anywhere in India as per administrative requirement |
|
Application
Mode |
Online
only - https://sbi.bank.in/web/careers/current-openings |
|
Application
Fee |
Rs.
750/- (General/EWS/OBC) | Nil (SC/ST/PwBD) |
|
Selection
Process |
Shortlisting
+ Interview (100 marks) |
|
Application
Start Date |
13
April 2026 |
|
Last
Date to Apply |
04
May 2026 |
SBI SCO Recruitment 2026
|
Particulars |
Details |
|
Online
Registration Opens |
13
April 2026 |
|
Last
Date to Apply & Pay Fee |
04
May 2026 |
|
Eligibility
Cut-off Date |
31
March 2026 |
|
Interview
/ Call Letter |
To
be notified (via email only) |
SBI SCO Recruitment 2026 - Vacancy Details
|
Post |
Total |
Place of Posting |
|
Lead
Business Analyst |
08 |
Mumbai
/ Anywhere in India |
# PwBD (Visually Impaired) reservation is horizontal and
included in the overall vacancy of the respective parent category. Vacancies
are provisional and may vary as per actual Bank requirement.
Age Relaxation in Upper Age Limit
|
Category |
Age Relaxation (Years) |
|
OBC
(Non-Creamy Layer) |
3
years |
|
SC
/ ST |
5
years |
|
PwBD
(UR / EWS) |
10
years |
|
PwBD
(OBC) |
13
years |
|
PwBD
(SC / ST) |
15
years |
Cumulative age relaxation is not available. OBC (Creamy Layer)
candidates must apply as UR. OBC certificate (non-creamy layer) must be issued
between 01.04.2026 and the date of interview.
SBI SCO Lead Business Analyst 2026 - Eligibility Criteria
Educational Qualification (as on 31 March 2026)
|
Type |
Qualification |
|
Mandatory |
B.E./B.Tech.
in Computer Science / Software Engineering / IT / Electronics / Electrical
& Electronics / Data Science / AI & ML / Analytics or equivalent —
from a University/Institution/Board recognized by Govt. of India / Govt.
Regulatory Bodies. |
|
Preferred |
MBA
(System / Finance / Operations / Marketing) or equivalent from a recognized
university. |
|
Preferred Certifications |
PMP,
CBAP (IIBA), PMI-PBA, Scrum Master (CSM/PSM), ITIL, Prince2, Six Sigma Green
Belt, or relevant Cloud Certifications. |
Work Experience (as on 31 March 2026)
|
Type |
Requirement |
|
Mandatory |
Minimum 8 years of
post-qualification work experience in IT Domain, with minimum 5 years' experience as
a Business Analyst / Lead Business Analyst. |
|
Preferred |
At
least 3
years of experience within the Banking, Financial
Services, and Insurance (BFSI) sector. |
|
Technical Exposure |
Proven
expertise in managing large-scale technical programs with multiple streams of
deliverables. |
|
Specific Skills |
Experience
in Core Banking transformation, Payments (UPI/Swift), Compliance, Reg Tech,
Retail Lending, Digital Lending, Corporate Lending, Customer Lifecycle
projects, General ERP/CRM/Web-App development. |
SBI SCO Lead Business Analyst 2026 - Job Profile & Key
Responsibilities
- Mentor and supervise the Business
Analyst team involved in several stages of SDLC.
- Oversee stakeholder interactions and
the complete requirement lifecycle to ensure accurate capture of business
intent, regulatory needs, and technical feasibility.
- Validate solution designs/documents
for scalability, security, and integration — promoting a
"product-first" mindset aligned with enterprise architecture.
- Lead process analysis across banking
domains (Payments, Lending) to ensure As-Is/To-Be models and gap analyses
are data-driven and implementation-ready.
- Enforce documentation standards to
meet audit and regulatory compliance.
- Consolidate team insights to provide
strategic advisory to senior management on domain-technology convergence,
product enhancements, and market benchmarking.
- Drive adherence to defined Turnaround
Time (TAT) for all deliverables and monitor performance against regulatory
timelines.
SBI SCO Lead Business Analyst 2026 - Remuneration & Contract
Terms
₹ 45 Lakhs per annum (CTC Upper Range)
Annual CTC is negotiable and will depend upon experience &
current emoluments. Contract period: 5 Years.
|
Component |
Details |
|
Fixed
Pay |
85%
of Annual CTC |
|
Variable
Pay |
15%
of Annual CTC (performance-linked) |
|
Annual
Increment |
Up
to 10% (from second year onwards, depending on performance) |
|
Contract
Period |
5
Years (terminable by giving 3 months' notice by either side, or payment of 3
months' compensation in lieu thereof) |
Variable Pay Structure
|
Performance Score |
Variable Pay Payout |
|
99%
to 100% |
100% |
|
97%
to 98.99% |
90% |
|
94%
to 96.99% |
80% |
|
90%
to 93.99% |
70% |
|
Below
90% |
NIL |
SBI SCO Recruitment 2026 - Application Fee
|
Category |
Application Fee |
|
General
/ EWS / OBC |
₹
750/- |
|
SC
/ ST / PwBD |
NIL |
Fee must be paid online through the payment gateway on the SBI
careers website (Debit Card / Credit Card / Internet Banking / UPI). Fee once
paid will not be refunded under any circumstances. Application registration is
complete only when fee is successfully deposited.
SBI SCO Recruitment 2026 - Selection Process
- Shortlisting: Merely
fulfilling the minimum qualification and experience does not guarantee a
call for interview. The shortlisting committee constituted by the Bank
will decide the shortlisting parameters. The Bank's decision to call
candidates for interaction shall be final.
- Interview: Interview
will carry 100 marks.
Qualifying marks will be decided by the Bank. Merit list will be prepared
in descending order of scores obtained in interview only.
- Tie-breaking: In case
of equal marks at cut-off, candidates will be ranked according to their
age in descending order.
- Call Letter: Intimation/call
letter for interview will be uploaded on the Bank's website or sent by
email. No hard copy will be sent.
- Travel
Reimbursement: Outstation candidates shortlisted for
interview will be reimbursed Air fare (Economy Class) for the shortest
route, maximum up to Rs. 15,000/- (both ways) or actual travel cost,
whichever is lower. Local conveyance will not be reimbursable.
Interested Candidate Can Read the Full Notification Before
Apply Online