Compliance Specialist - FI Relations | Compliance SBU | April 2026

• Assist the Group Head of Compliance in ensuring that the organisation effectively complies with all relevant laws, regulations and industry codes and standards of best practices and participate in any project as may be advised by the Group Head of Compliance and/or the Manager - Operational Compliance;
• Assist the Manager - Operational Compliance in the preparation and submission of annual compliance plans for the 'FI Relations' section to the Group Head of Compliance and as required with regard to regulators in the context of on-site inspection/special examinations while contributing in the preparation and submission of quarterly reports of Compliance SBU for Management and the Board;
• Assist in the review of procedures for inadequacies that may ultimately entail risks and ensure that changes to business practices and products are adequately covered by MCB's procedures and controls while also ensuring that the internal country risk methodology is up to date and according to industry standards by maintaining the risk rating of countries;
• Identify and assess key risk factors when considering the compliance risks relevant to Financial Institutions (including Correspondent Banks), Development Finance Institutions (DFIs) and/or any relevant stakeholder as may be identified from time to time;
• Keep abreast with developments in regulatory framework, financial and banking trends and industry best practices and standards towards continuous improvement initiatives, share knowledge/experience and coach team members in respect of the various tasks effected within the FI Relations cluster within the Compliance SBU;
• Contribute in the preparation of AML/CFT training materials and conduct awareness sessions across MCB to raise awareness on any Compliance related matter;
• Ensure that all checklists, FAQs and Frequently Asked Documents (FADs) on Financial Institutions (including Correspondent Banks) and Development Finance Institutions (DFIs) are kept up-to-date at all times and enriched as appropriate;
• Ensure that name screening alerts are being handled and properly closed in a timely manner and oversee, on a daily basis, that screening of the United Nations Sanctions list has been effected and that reporting to Regulators and the National Sanctions Secretariat has been effected within prescribed delay;
• Ensure that questionnaires received from, queries received from and compliance issues raised by, Financial Institutions (including Correspondent Banks), Development Finance Institutions (DFIs), Regulators and Auditors (Internal/External) are properly filled in and answered with all required information within set deadline so as to mitigate financial losses and reputation risks;
• Provide guidance to the team in the provision of advices, assessment on the onboarding of Financial Institutions (including Correspondent Banks), Development Finance Institutions (DFIs) and any other relevant stakeholders as may be identified from time to time, attending queries and in ensuring that questionnaires are properly filled in.

• Anticipates complex challenges the organization may face in the future;
• Bounces back from setbacks or adversity;
• Strikes the right balance between accepting workable solutions and pushing for better alternatives;
• Consistently meets the objectives of assigned tasks;
• Applies new concepts and principles to address problems;
• Begins to build relationships across a variety of functions and areas;
• Builds a culture of collaboration and teamwork across organizational boundaries.

• A Bachelor's degree in Business Administration/Financial Services;
• 8 Years' working experience in a financial or banking environment;
• 5 Years' working experience in compliance, audit and/or legal sectors.

• 11 Years' working experience in a financial or banking environment;
• 8 Years' working experience in compliance, audit and/or legal sectors.

• Excellent analytical, writing, reporting and communication skills.
• Sound knowledge of financial or banking operations;
• Thorough knowledge of regulatory framework including, inter alia, Banking Act 2004, Bank of Mauritius and FSC Guidelines, Financial Services Act 2007, Prevention of Corruption Act 2002, Financial Intelligence & Anti Money Laundering Act 2002, Financial Intelligence and Anti-Money Laundering Regulations 2018, Borrowers' Protection Act 2007, Companies Act 2001, Data Protection Act 2017, The United Nations (Financial Prohibitions, Embargo & Travel Ban) Sanctions Act 2019 and The Financial Crimes Commission Act 2023;
• The incumbent should have a comprehensive knowledge of regulations that affect the business of MCB and will enable him/her to create awareness of the Compliance program among employees and Management.

MCB Group