Job Description

At MCB, we measure success by more than numbers. As a Credit Modeller II in Risk SBU, you'll help protect our customers, colleagues and the bank through sound risk management, so MCB can keep growing on strong, trusted foundations. Embarking 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, Credit Modelling BU has the mandate to govern the Expected Credit Loss (ECL) impairment framework under IFRS 9 standards including Risk Monitoring Committee and Regulatory Reporting. In addition, Credit Modelling BU is also responsible for the development of ECL models and other credit risk models used for risk management and decision-making, in view of providing an accurate picture of the Bank's credit risk.

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 Credit Modeller II, you will support the Bank’s IFRS 9 ECL calculation, analysis and reporting, including the analysis of material ECL movements and volatility. You will contribute to management, statutory and regulatory reporting, prepare and support responses to internal and external audit queries, and ensure that ECL results and model outputs comply with IFRS 9 requirements and the Bank’s governance framework.

We are on the lookout for:

Job Vacancy: Credit Modeller II

In this role you will:

• Apply in-depth knowledge of IFRS 9 requirements and related policies and methodologies, proactively identify gaps in their implementation, and support the development and implementation of appropriate remediation measures;
• Perform quarterly ECL calculations for MCB Ltd, support reconciliation and validate analysis of ECL results with the Senior Credit Modeller, prior to communicating the ECL provisions to the Team Leader;
• Assist in the implementation and monitoring of the Bank’s credit rating framework to track rating migration from origination and support the assessment of Significant Increase in Credit Risk (SICR) under IFRS 9;
• Support the integration of the credit rating framework into the SICR assessment process and extend its application to monitor rating migration and provide early warning signals of deterioration in clients’ credit quality;
• Support the identification, calculation and monitoring of Post Model Adjustments and management overlays where model limitations are identified;
• Assist in the preparation of ECL reports and analytical materials for Management, the Risk Monitoring Committee and regulatory reporting;
• Support ECL model assessments and recalibration for MCB Limited and MCB subsidiaries, where applicable;
• Support internal and external audit exercises by preparing evidence, performing analyses and addressing technical queries within agreed timelines;
• Produce comprehensive and audit-ready documentation covering methodologies adopted, assumptions, where applicable;
• Perform stress-testing calculations based on approved scenarios and analyse their impact on credit-risk parameters and ECL;
• Liaise with Finance, Credit Risk, IT, business lines and other relevant stakeholders to resolve data, methodology and reporting matters;
• Identify and implement opportunities to automate recurring ECL calculations, controls and reporting processes, and develop Power BI dashboards and analytical tools to enhance tracking, monitoring and management reporting of key ECL metrics;
• Keep abreast of developments in IFRS 9, regulatory policies, reporting requirements and relevant industry practices and assess their implications for the ECL methodology, process and reporting.

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

• 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;
• Demonstrate technical and professional knowledge and skills related to the job and industry;
• Know the most effective and efficient processes to get things done, with a focus on continuous improvement;
• Make good and timely decisions that keep the organization moving forward.

We are looking for candidates who have a minimum of:

• A Bachelor’s or Master’s degree in Accounting, Finance or Risk Management, or a related quantitative field;
• 3-4 years’ experience in IFRS 9 ECL reporting for Finance, Risk or Audit within banking or financial institutions, with in-depth understanding of IFRS9 impairment standards and policies, ECL parameters such as Probability of default, Loss Given Default, Exposure at default, Staging and Significant Increase in Credit Risk;
• Proficiency in SQL or SAS for data analysis and advanced Excel skills is required.

You will also be required to demonstrate:

• Prior work experience in a Big Four Accounting firm with expertise in auditing ECL models will be an advantage;
• Experience with creating Power BI dashboards to support strategic decision making will be an advantage;
• A Professional certification such as ACCA, CFA or FRM will 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 30 November 2026.

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