TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering over 130 types of international standard banking products, professional and user friendly banking services

Job Summary

Reporting to the Associate Executive Compliance, the Compliance Assistant supports the implementation of TDB Group’s Compliance Program. The role involves a variety of tasks including monitoring compliance activities, documentation and reporting.

Duties and Responsibilities

The Compliance Assistant performs the following duties:

• Maintain compliance manuals and document all compliance related processes and procedures.
• Maintain compliance plans, procedures, systems and practices and ensure that these are followed by staff and other stakeholders, as applicable.
• Work closely with relevant departments during the due diligence processes of new account openings and the periodic review of existing accounts to ensure the entity and its related stakeholders consistently comply with TDB’s Anti Money Laundering (AML) and Combating of the Financing of Terrorism (CFT) , Sanctions, Anti Bribery and Corruption (ABC), other related TDB policies, and applicable local and international regulatory requirements.
• Carry out Know Your Customer (KYC) checks and reviews on TDB’s directors, employees, service providers, and such other persons/entities as TDB may engage with.
• Conduct KYC assessments and ensure that the processes and systems meet TDB’s policy and any applicable regulatory requirements.
• Review, coordinate and provide advice for KYC checks escalated to Compliance.
• Review and ensure that all TDB’s policies, applicable regulatory considerations, including regulatory compliance, licensing requirements, and independence are appropriately accounted for.
• Identify regulatory requirements and attendant risks throughout TDB, assess and measure the magnitude of regulatory and reputational risks in and advise management of mitigation initiatives.
• Carry out periodic compliance reviews and make recommendations on updates, and investigative procedures, as appropriate, and develop reports on the effectiveness of the Compliance Program.
• Review new business/account proposals that have compliance-related implications, and operational changes that have compliance-related implications and make recommendation on mitigation.
• Conduct internal inquiries and investigations into possible violations and breaches to compliance requirements in close consultation with other control functions including internal audit and legal.
• Liaise with internal departments and subsidiaries to ensure sound understanding of compliance requirements and governance issues and further advise and emerging compliance trends.
• Develop training materials and tools to facilitate enterprise-wide sensitization of staff on matters relating to compliance.
• Maintain AML/Compliance Business Risk Assessments, Risk Register and prepare periodic reports on TDB’s performance against Key Risk Indicators.
• Participate in KYC/AML/CFT/Sanctions related projects as required, including but not limited to implementation of new/enhanced policies, systems and tools.
• Respond to queries from external parties and other TDB stakeholders on due diligence checks on TDB.
• Carry out documentation checks leading to financial close of transactions.
• Review documents in respect of loan disbursements, interest payments and loan repayments.
• Support the Compliance Unit and conduct such other responsibilities as may be assigned from time to time.

Duty Station

The duty station is Nairobi, Kenya.

Qualifications and Competencies

• A Bachelor’s degree in Law, Business Administration, Economics, Accounting, or Finance and Banking or any other relevant field from a recognized institution with relevant professional qualification is an added advantage.
• A minimum of 5-8 years of professional experience and proven track record in a Commercial/Development Banking or Financial institution environment in a Compliance function.
• Strong analytical skills and operational skills.
• Demonstrated knowledge of AML CFT, Sanctions, and ABC standards.
• Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting.
• Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and manage client relationships.
• Proficiency in the use of computer programs including MS Office applications.
• Fluency in English is a requirement and Knowledge of TDB Group’s other working language (French) would be an added advantage.