Team Leader - Market Risk

At MCB, we measure success by more than numbers. As a Team Leader – Market Risk within the Market Risk & Product Control BU of Risk SBU, you will strengthen oversight of market, liquidity and counterparty credit risks to protect the bank and support sustainable growth.

About MCB

MCB is one of Africa’s most significant financial services brands. With almost 200 years of history rooted in Mauritius and a growing footprint spanning Africa, Europe, the Middle East and beyond, we’re a bank built on substance, not just scale. We’ve spent nearly two centuries helping people, businesses and communities grow, and we’re still only getting started. A career here means pride, purpose and real impact. Bring your ambition and your heart. You’ll find opportunity, a team that values you as a person and a high performer, and work that goes well beyond the numbers.

As a Team Leader – Market Risk, you will manage the Market Risk and Counterparty Credit Risk team, primarily supporting the Financial Markets SBU, and provide direction and oversight across market risk activities, including VaR and SVaR production and Economic PnL certification. You will translate the Bank’s risk strategy into effective operational practices, ensuring that material market and counterparty risk exposures are independently identified, measured, monitored, challenged and reported in line with the Bank’s risk appetite, policies, limits and regulatory obligations. You will also translate complex risk information into clear recommendations for senior management and governance committees, while developing the team and driving practical improvements across data, models, systems and processes.

We are on the lookout for:

Job Vacancy: Team Leader – Market Risk

In this role you will:

• Lead market and counterparty credit risk activities, ensuring exposures are independently identified, measured, monitored, challenged and controlled within approved risk appetite, policies and limits;
• Oversee market risk measurement, including the production, validation and analysis of VaR, SVaR, sensitivities, stress tests, scenario analysis and other approved risk metrics;
• Direct Economic PnL certification and PnL explanation, ensuring accuracy, integrity and effective analysis of trading positions, strategies and market movements;
• Oversee counterparty and issuer credit risk, including limit utilisation, settlement risk, Potential Future Exposure, collateral and margining, with timely escalation of breaches and concentrations;
• Ensure strong risk governance and reporting by providing senior management, ALCO, RMC and relevant stakeholders with clear insights into exposures, movements, breaches and emerging risks;
• Provide independent risk assessment and challenge for new products, complex transactions, model changes and material limit requests before implementation;
• Maintain a robust control environment, ensuring compliance with policies and regulatory requirements, effective model validation and back-testing, and timely remediation of identified issues;
• Lead and develop the team by setting priorities, allocating work, coaching team members and strengthening technical capability, accountability and sustainable delivery;
• Drive improvements across risk processes, data and technology, including automation, analytics, treasury risk systems, dashboards, models and reporting tools;
• Build effective stakeholder partnerships and support risk preparedness, working with relevant functions while preserving risk independence and coordinating responses to stress events, emerging risks and contingency scenarios.

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

• Develop people to meet both their career goals and the organization's goals;
• Make sense of complex, high quantity, and sometimes contradictory information to effectively solve problems;
• Learn through experimentation when tackling new problems, using both successes and failures as learning fodder;
• Anticipate and adopt innovations in business-building digital and technology applications.

We are looking for candidates who have a minimum of:

Either

• A degree in Finance, Economics, Risk Management, Mathematics, Statistics, Engineering, Computer Science or another relevant quantitative discipline;
• A minimum of 10 years of relevant experience in market risk, counterparty credit risk, treasury risk, trading risk or a closely related control function within a bank or financial institution, including experience coordinating or leading people and deliverables.

Or

• A minimum of 15 years of relevant experience in market risk, counterparty credit risk, treasury risk, trading risk or a closely related control function within a bank or financial institution, including experience coordinating or leading people and deliverables.

And

• Strong understanding of Financial Markets products and risk drivers, including foreign exchange, fixed income, interest-rate products, derivatives, securities financing and collateralised transactions;
• Practical knowledge of market risk measures and frameworks, including sensitivities, Value-at-Risk, stress testing, scenario analysis, limits and risk appetite, together with counterparty exposure, settlement risk, netting, collateral and margining concepts;
• Ability to interpret policies and regulatory expectations, exercise independent judgement, escalate issues appropriately and communicate effectively with senior stakeholders;
• Advanced Excel capability is expected; experience with Calypso or another treasury risk platform, Power BI, SQL, Python or similar analytical tools would be an advantage;
• FRM, CFA, PRM or another relevant professional qualification would be an advantage but is not essential.

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 21 September 2026.

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