Product Control Analyst | Market Risk and Product Control BU | Risk SBU | August 2026

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2 Locations
In-Office or Remote
Junior
Fintech • Software • Financial Services
The Role
Coordinate analysis and reporting of traded risk and accounting data. Certify daily P&L and FX positions, substantiate balance sheet, prepare valuation, client, management and regulatory reports, oversee market data governance, investigate control breaches, support stress testing and risk simulations, and participate in system upgrades and change initiatives.
Summary Generated by Built In

Embark within MCB’s Risk Strategic Business Unit (SBU) is an exciting opportunity and establishes a solid foundation for a career in banking.

As part of Risk SBU, the Market Risk & Product Control BU exercises independent oversight and control over traded and non-traded market and liquidity risk exposures.

Your responsibility as a Product Control Analyst will be to coordinate the analysis and the reporting of Traded Risk data, including Market Data but also the accounting data. This role includes preparing comprehensive risk reports and enhancing risk awareness for submission to senior management, Board Committees, and regulatory bodies.

We are on the lookout for:

Job vacancy: Product Control Analyst

In this role you will,

  • Perform daily certification of P&L and FX positions;
  • Ensure balance sheet substantiation and related controls; 
  • Prepare client valuation and financial reports;
  • Oversee market data governance and controls;
  • Identify, investigate, and promptly escalate breaches, control weaknesses, and risk-related concerns;
  • Produce market and macroeconomic analysis to support Risk team;
  • Prepare reports and presentations for management committees and regulatory submissions;
  • Provide market data expertise and support to internal and external stakeholders;
  • Participate in system upgrades, new implementations, and change initiatives to meet regulatory and business requirements;
  • Support the Executives and Manager on stress testing, risk appetite, dynamic simulations, and other risk-related initiatives across the Bank.

To succeed, you will be required to demonstrate the following competencies:

  • Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems;
  • Anticipates and adopts innovations in business-building digital and technology applications;
  • Learns through experimentation when tackling new problems, using both successes and failures as learning fodder;
  • Adapts approach and demeanor in real time to match the shifting demands of different situations.

We are looking for candidates who has a minimum of:

EITHER

  • A completed degree in Finance, Risk Management, Economics, Business, Risk Management;
  • At least 1 year’s working experience in either of the following fields: Product Control, Middle Office, Market Risk, Reporting or Treasury IT.

OR

  • 2 years’ experience in one or more of the following areas: Product Control, Market Risk, Treasury, Accounting or IT Treasury domain.

AND

  • Familiarity with regulatory reporting related to Product Control and Market Risk;
  • Familiarity with FX, Fixed Income, Derivatives and other Treasury Products, or previous experience in Market Data;
  • Good understanding of Product Control and Market Risk concepts;
  • Excel is an essential skill and Reporting skills with Power BI/Python knowledge would be an advantage.

 

A combination of both qualifications & 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 24 August 2026.
 

The Management reserves the right not to appoint anyone following this advert.
 

Skills Required

  • Completed degree in Finance, Risk Management, Economics, or Business
  • At least 1 year working experience in Product Control, Middle Office, Market Risk, Reporting, or Treasury IT
  • Alternatively, 2 years' experience in Product Control, Market Risk, Treasury, Accounting, or IT Treasury domain
  • Familiarity with regulatory reporting related to Product Control and Market Risk
  • Familiarity with FX, Fixed Income, Derivatives and other Treasury products or prior Market Data experience
  • Good understanding of Product Control and Market Risk concepts
  • Advanced Excel skills (essential)
  • Reporting skills with Power BI and/or Python
  • Valid Certificate of Character issued within last 3 months
  • Two professional references

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The Company
HQ: Mū, MU
3,217 Employees

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.

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