Compliance & Deputy AML Officer

MCB Overview

• With its history going back to 1838, MCB Ltd is today one of the leading banking financial services company in Sub-Saharan Africa, providing bespoke banking solutions to corporate, institutional and private clients as well as to investment funds. Whilst holding a dominant domestic market position in Mauritius, the growth of MCB is driven primarily by its international activities aimed as serving the various trade and investment corridors with and within Africa. Its international activities contribute to more than 75% of its profitability. As the only investment-grade commercial banking institution (as rated by Moody’s Investors Service) in Sub-Saharan Africa, MCB continues to attract significant institutional investor interest in its credit profile from Middle Eastern and Global Financial Institutions as well as Multilateral Development Finance Institutions.
• MCB maintains a network of international hubs including Dubai, Johannesburg, Nairobi and Paris.
• In 2019, MCB established an office in the DIFC with the objective to leverage on the growing trade and investment flows between the Gulf and Africa regions and to originate business opportunities with corporate and institutional clients in the UAE, Gulf region and in Egypt.
• MCB DIFC holds a DFSA CAT4 license (advising and arranging services) and it’s value proposition covers a large palette of financing solutions and banking products and services:
• Project related financing, acquisition financing, trade financing and syndicated loans amongst other
• External Asset Manager services including securities and custody services, Lombard financing solutions, brokerage and day to day banking products and services
• Transaction banking solutions

The Opportunity

Comlro

The Key Responsibilities

• Support the COMLRO in verifying that the DIFC Branch has all necessary internal processes and procedures that meet the objective of preventing violation of the regulations, which apply to the DIFC Branch;
• Assist on an ongoing basis in the identification of such rules and regulations that are applicable to the DIFC Branch;
• Assist with monitoring compliance and providing assurance that internal compliance policies and procedures are complied with;
• Participate in keeping Senior Management up-to-date on changes in relevant regulations and the implications thereof of pertinence to the DIFC Branch;
• Act as the alternate MLRO in the absence of the COMLRO;
• Act as an alternative first point of contact for MCB-DIFC staff for MCB DIFC Branch compliance matters;
• Promote a strong compliance culture across the MCB DIFC Branch;
• Conduct KYC screenings and effect AML/CFT risk assessment of new clients, as well as continuous customer and transaction review;
• Document the MCB DIFC Branch's organisation, responsibilities and procedures regarding compliance matters, including the Compliance Procedures Manual and Compliance Monitoring Programme;
• Participate in the accurate completion and timely submission of the Annual AML Return;
• Support in the processing of applications for the registration and withdrawal of Authorised Individuals and ensure that Authorised Individuals remain compliant at all times with relevant laws, rules, regulations and codes applicable in the DIFC, as well as in accordance with MCB policies and procedures;
• Investigate, as well as report and make recommendations to the CO MLRO on breaches, potential breaches, regulatory issues, compliance and/or AML/CFT risks and follow-up on the implementation of the recommendations to ensure that any breaches are acted on;
• Assist the COMLRO and MCB DIFC Branch employees in identifying the money laundering risks, as well as in designing, implementing and updating policies, procedures, systems and controls which will enable the MCB DIFC Branch in maintaining compliance at all times with the anti-money laundering legislation applicable in the UAE and the DIFC;
• Review procedures for inadequacies, which may ultimately entail compliance risks and ensure that changes to business practices are adequately covered by the MCB DIFC Branch procedures and controls;
• Operate MCB's Group Chinese Walls Policy and personal account dealing rules;
• Perform compliance and AML related duties as instructed by the COMLRO;
• To succeed, you will be required to demonstrate the following competencies,
• Communication, negotiation and business relationship building and management skills:
• Ability to clearly express opinions, information and instructions, whilst adjusting own style to adapt to different business situations via both verbal and written communication.
• Diplomacy, discretion and experience in handling highly confidential information.
• Decision taking and execution:
• Ability to be accountable and make informed and timely decisions.
• Action and results-oriented.
• People and leadership skills:
• Ability to interact professionally and network with various levels of staff and management both internally and externally.
• Diplomacy and conflict-resolution skills.
• Organization and project management skills:
• Proficiency at motivating, influencing and aligning team members towards a common aim, making them accountable for their performance and the attainment of set objectives.
• Ability to work efficiently both independently and collaboratively.
• Proficiency at managing multiple complex tasks, projects and competing priorities to deadline.
• Structured and systematic approach to work, planning, organisation and prioritisation of tasks.
• Problem-solving and analytical skills:
• Demonstrated ability to gather pertinent information, analyse issues from different angles and generate creative and actionable solutions through the application of business knowledge, techniques and skills.
• Lateral and forward thinking.

Job Requirements & Experience

• Bachelor degree in Business / Financial Services or equivalent qualification;
• At least 5 years’ experience in banking compliance sectors (preferably in DIFC or ADGM);
• Sound knowledge of banking operations, particularly in DIFC;
• Thorough knowledge of regulatory framework in the UAE and the DIFC;
• Working knowledge of the legislative and regulatory framework applicable in Mauritius, the country in which the MCB Head Office is incorporated, regulated and supervised. This entails inter alia the Banking Act 2004; Bank of Mauritius Guidelines; 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.
• 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 attach
• an updated CV and a motivation letter
• when applying.
• Candidates holding a valid UAE residence visa and currently based in UAE only will be considered for this position.
• The deadline for submission of application is

25 May 2026