Embarking within MCB’s Risk Strategic Business Unit (SBU) is an exciting opportunity and establishes a solid foundation for a career in banking.
Within Risk SBU, the ‘Permanent Supervision, Operational & Information Risk’ cluster bears the responsibility, inter alia, to provide independent risk control, and is organised under four sections of which Operational Risk is a business unit.
By joining Operational Risk BU as Operational Risk Executive, you will be called upon to assist the team in designing and implementing the management of a robust framework for Operational Risk within the Group to support a common set of control standards and reporting structures, build accountability and responsibility in line with the Operational Risk Policy and regulatory requirements. You will participate hands-on in the delivery of the bank’s Operational Risk Management Framework as part of MCB’s risk vision and strategy.
We are on the lookout for:
Job Vacancy: Operational Risk Executive
In this role you will:
• Assist in enhancing the operational risk management and incident reporting frameworks for the Group;
• Build Operational Risk cartographies and ensure they are owned by the relevant business areas;
• Lead awareness sessions and workshops to actively contribute in promoting a risk culture within the Group;
• Perform operational risk assessment for new or enhancement to products & services, systems, policies & procedures with a view to highlight potential risks and provide appropriate recommendations;
• Partner with stakeholders to manage and close operational risk/incidents in a timely manner and recommend appropriate risk-mitigating strategies to reduce operational risk losses;
• Prepare and submit operational risk reports to various stakeholders in a timely manner; including the Operational Risk Dashboard;
• Carry out data mining and business analysis as required under the quantitative risk assessment methodology;
• Provide coaching to team members as required.
To succeed, you will be required to demonstrate the following competencies:
• Plan and prioritise work to meet commitments aligned with organisational goals;
• Analyse and integrate numerical, verbal and other information while perceiving relationships and patterns, causes and effects;
• Use compelling arguments to gain the support and commitment of others;
• Consistently achieve results, even under tough circumstances;
• Demonstrate technical or professional knowledge and skills related to the job and is able to apply these in day-to-day work requirements.
We are looking for candidates who have a minimum of:
Either
• A completed Degree in Finance, Accounting, Risk Management, Economics;
• At least 5 years’ working experience in Financial Services, preferably in Banking and Operational Risks or transversal functions such as Audit, Project Management, Solutions/Business Architect.
Or
• At least 7 years’ working experience in Financial Services, preferably in Banking and Operational Risks or transversal functions such as Audit, Project Management, Solutions/Business Architect.
And
• Knowledge of operational risk management, including risk cartography methodology;
• Proven experience in project management and/or process improvement;
• Knowledge of Banking laws and procedures;
• Proven experience in MI and data analytics would be an advantage.
A combination of both qualification & experience will be considered.
Should this opportunity match your career aspirations, skills and competencies, click on ‘Apply’ to complete your online application.
Please ensure all required information is accurately entered in relevant sections. Any incomplete application will not be considered. Kindly attach a complete CV when applying.
As part of the recruitment process, candidates will be required to provide a valid Certificate of Character of less than 3 months and two professional references.
The deadline for submission of application is 06 April 2026.
Management reserves the right not to appoint anyone following this advert.
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What We Do
The secret to our endurance is our standard of excellence and the fact that our people – customers and personnel – are central to everything we undertake. From a single bank, we have grown into a Group with a total asset worth of MUR 720.1 billion (USD 16 billion). Now with 60 branches/kiosks nationwide, we seek to consolidate our position in the region and beyond. MCB Group is the holding company of several subsidiaries and associates that operate under three business clusters: Banking, Non-Banking Financial and Other Investments. Banking activities are present in Madagascar, Mozambique, Reunion Island, Mayotte, Paris, Seychelles and Maldives, with a network of around 550 correspondent banks across the world. The Non-Banking Financial sector is involved in Factoring and Leasing while the MCB Capital Markets Ltd offers services such as Corporate Finance Advisory, Asset Management, Stockbroking, Private Equity and Registry. The Group also assists Micro and Small Entrepreneurs.









