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Compliance Officer at Trade and Development Bank (TDB)


Accounting, Auditing & Finance

KES Confidential
2 weeks ago

Job Summary


Job Description/Requirements

Job Description

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TDB, the oldest bank of Mongolia, prides itself for its leading position in the universal banking service provider, offering over types of international standard banking products, professional and user friendly banking services. The Bank acts as a primary lender to most of Mongolian leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors with a constantly innovating range of universal banking products and services delivered with dynamism and excellence in service and quality. TDB is undoubtedly the major player in the financial and banking markets as well as a major innovator of the Mongolian financial sector. Mongolian Best Corporate Bank: TDB serves approximately major Mongolian corporations in almost all major sectors. The bank provides various corporate banking services including corporate lending, trade financing syndicated lending and deposit taking through highly qualified staffs

Job Summary:

Reporting to the Head, Compliance or designate, this position is responsible for conducting compliance and due diligence checks in line with TDB’s Compliance Policies, Procedures, Manuals and Standards.

Job Specifications:

The Compliance Officer performs the following duties:

The Compliance Officer performs compliance checks on business transactions, and services relating to due diligence, Know Your Customer (KYC) checks, and Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Sanctions checks . Carry out KYC checks and reviews on TDB’s counterparties, services providers, employees, directors and such other persons / entities the TDB Group maybe engaged with. Review and monitor internal practices and procedures to ensure compliance with TDB group requirements and current policies. Liaise with internal business departments to ensure sound understanding of compliance requirements and governance issues and advise on emerging compliance issues and trends. Conduct KYC assessments and ensure that processes and systems meet the company / customer policy and regulatory requirements. Review, coordinate and provide advice, analysis and approvals for KYC files escalated to Compliance. Keep updated on group policies and development in KYC, AML/CFT, sanctions, embargoes and related AML laws and regulations and ensure that policies and procedures are correspondingly kept updated. Participate in KYC/AML/CFT/Sanctions related projects as required, including but not limited to implementation of new/enhanced systems and tools. Respond to queries from external parties and other TDB stakeholders on due diligence checks on the Bank. Carry out documentation checks leading to financial close of transactions. Review documents in respect of loan disbursements, interest payments and loan repayments. Conduct such other responsibilities as the Head of Compliance and / or TDB may require from time to time.


A Master’s degree in Risk Management, Law, Economics, Business Administration or related field with relevant professional qualifications as added advantage. A minimum of 5-8 years of professional experience and proven track record in a Commercial / Development Banking or Financial institution environment with sound knowledge of Structured Trade and Commodity Finance Products; Robust knowledge of the regulatory environment in the Bank’s operating region as it relates to Compliance and Credit Risk Management with excellent knowledge of professional and industry standards. Possess extensive research skills to aid in establishing and/or validating required information and documentation. Ideally be familiar with use of KYC screening tools. Proactive and alert to AML / CFT/ sanctions risks. 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 management client relationships; Proficiency in the use of computer programs including MS Office applications; Fluency in English is a requirement. Knowledge of TDB’s other working languages (French or Portuguese) would be an added advantage.

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