Risk & Control Executive | Permanent Supervision BU | Risk SBU | January 20 at Job Opportunities | MCB Group

Port Louis, Port Louis, Mauritius -

Full Time

Start Date

Immediate

Expiry Date

29 Apr, 26

Salary

0.0

Posted On

29 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Internal Controls, Analytical Skills, Problem-Solving, Control Testing, Regulatory Compliance, Stakeholder Management, Communication Skills, Continuous Improvement, Risk Assessment, Operational Risk, Financial Risk, Strategic Risk, Compliance Risk, Policy Review, Control Environment

Industry

Financial Services

Description

Joining MCB’s Risk Strategic Business Unit (SBU) is an exciting opportunity and establishes a solid foundation for a career in banking. Permanent Supervision is an integral part of the Bank’s Risk Management Framework. Permanent Supervision, constituted as a Business Unit (BU) within the Risk SBU, has ultimate responsibility for the assessment of the adequacy and effectiveness of the Bank’s internal controls. Permanent Supervision’s activities are designed to add value to and improve the internal control environment of the Bank whilst enhancing and protecting enterprise value. It provides recommendations/corrective reinforcement measures and monitors their implementation where design and/or operational control deficiencies are identified. By joining the team, as Risk and Control Executive, you will report to the Risk & Control Team Leader and ensure proper implementation and effectiveness of controls in the bank’s activities, products, processes and systems. We are looking for Job vacancy: Risk & Control Executive In this role you will: 1. Continuous Monitoring: Be responsible for the design, development and maintenance of control libraries. Ensure that control libraries are regularly reviewed and updated to reflect any changes in regulatory standards, processes and procedures, or organizational objectives. This may include integrating new controls or modifying existing ones in response to evolving risks or operational changes; Perform control testing activities, as a continuous process, to evaluate the design and operating effectiveness of key controls, including the robustness of risk management processes; In the context of controls being reviewed for effectiveness, ensure identified control weaknesses, risk exposures, root causes, recommendations/action plans are duly captured in reports; Own the process for the identification, measurement and reporting of a set of Key Risk Indicators (KRIs), and perform annual refresh of KRIs. 2. Risk Identification and Assessment as an ongoing process: Act as the “ears and eyes” of Risk on the ground, identify and assess risks (including top and emerging) across the organization, including operational, financial, strategic, and compliance risks and factor the emergence of new risks into the control testing plan accordingly. 3. Reporting as an ongoing process Prepare periodic risk and control reports which are impactful and meaningful to senior management and risk committees of the Bank; Ensure timely escalation of significant risks and control issues to appropriate stakeholders; Ensure effective and timely treatment of significant risk and control issues arising. 4. Risk and Control Culture: Promote risk awareness, with a view to fostering a risk culture, across the organization; Provide guidance and support to business units on risk and control related matters; Drive continuous improvement initiatives to enhance the effectiveness of internal controls based on emerging risks, regulatory changes, and industry best practices. 5. Internal Controls Policy & Procedure Review Contribute in the review of policies and procedures related to internal controls, including Permanent Supervision internal documents (e.g. Internal Controls Policy and Permanent Supervision Methodologies). 6. Collaboration and Stakeholder Management: Participate in the Risk & Control Self-Assessment (RCSA) exercise in close collaboration with Operational Risk; Collaborate with Business Units, Internal Audit, Compliance, and other stakeholders to ensure integrated risk management and a co-ordinated approach to the conduct of risk/control reviews; Build strong relationships with key stakeholders, including Heads of Strategic Business Units, to facilitate effective risk communication, escalation and management; Lead meetings with the Management team to present Reports, findings, emerging risks, proposed improvements to the control environment of their Business Units. 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; Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences; Holds self and others accountable to meet commitments; Manoeuvres comfortably through complex policy, process, and people-related organizational dynamics. We are looking for candidates who have at least: Either A completed bachelor’s degree in Banking/Finance/Management or any other related field; Minimum of 5 years of experience in risk management, internal controls/audit, or a related field, preferably within the financial services industry. Or Minimum of 7 years of experience in risk management, internal controls/audit, or a related field, preferably within the financial services industry. And Strong knowledge of risk management principles and practices; Excellent analytical and problem-solving skills; Proficiency in risk assessment and control methodologies; Familiarity with regulatory requirements and industry standards; Ability to work independently and manage multiple priorities; Knowledge of banking operations. 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. Note that candidates under consideration for this position will be required to provide 2 professional references. The deadline for submission of application is 09 February 2026. Management reserves the right not to appoint anyone following this advert.

Responsibilities

The Risk & Control Executive will be responsible for the design, development, and maintenance of control libraries, as well as continuous monitoring and reporting of risks and controls. They will also promote a risk-aware culture and collaborate with various stakeholders to enhance the internal control environment.