JOB RESPONSIBILITY AND REQUIREMENTS
POSITION TITLE: Compliance Senior Associate
CATEGORY: Professional
WORK TYPE: Full time
DEPARTMENT: Legal and Operations Office
REPORTS TO: Chief Legal and Operations Officer
PLACE OF WORK: Istanbul, Türkiye
CONTRACT DURATION: Up to 3 years
JOB DESCRIPTION AND OBLIGATIONS SUMMARY
The Turkic Investment Fund (TIF / Fund) aims to become a catalyst for socio-economic development and integration of the Turkic countries, and a flagship organization for the promotion of sustainability, intra-regional trade and connectivity via investments across various sectors with a focus on debt financing, equity investments, and other structured/hybrid financial instruments.
The Compliance Senior Associate plays a vital role in safeguarding the Fund’s institutional integrity and ensuring that all activities are conducted in full compliance with applicable laws, regulations, internal policies, and international standards. As the sole compliance specialist within the organization, the Senior Associate is responsible for implementing and monitoring the Fund’s compliance framework, identifying and mitigating regulatory risks, and ensuring adherence to internal governance, KYC rules, anti-money laundering (AML/CFT) sanctions, and ethical conduct standards.
Reporting directly to the Chief Legal and Operations Officer (CLOO), the Compliance Senior Associate works closely with all departments to promote a culture of compliance, ensure institutional accountability, and support the Fund’s mission and credibility in the international arena.
MAIN DUTIES AND RESPONSIBILITIES:
1. Compliance Monitoring and Oversight
- Implement and maintain the Fund’s compliance framework to ensure adherence to internal regulations, policies, and procedures.
- Monitor daily operations, transactions, and activities across departments for compliance with internal and external requirements.
- Conduct regular reviews and spot checks to ensure consistent application of institutional policies and governance standards.
- Maintain compliance checklists, registers, and monitoring tools to track adherence to regulatory obligations.
2. Regulatory Adherence and Risk Mitigation
- Ensure the Fund’s operations comply with applicable laws, host country regulations, and international standards relevant to MDBs.
- Monitor regulatory developments and advise the CLOO and relevant departments on changes affecting the Fund’s compliance posture.
- Identify, assess, and report compliance risks, recommending mitigation measures and corrective actions.
- Prepare internal compliance reports and documentation for audits, Board reviews, and external assessments.
3. AML/CFT, KYC and Sanctions Compliance
- Ensure that all Fund activities, projects, and transactions comply with AML/CFT, sanctions, and anti-terrorism financing regulations.
- Perform screening, due diligence checks, and ongoing monitoring of clients, partners, and transactions to detect potential risks.
- Lead the implementation of KYC processes to ensure that all clients, partners, and counterparties are properly identified, verified, and risk-assessed prior to the establishment of any business relationship.
- Collect, review, and verify identification documents, ownership structures, and beneficial ownership information to ensure transparency and compliance.
- Maintain updated KYC records, conduct periodic reviews and re-assessments based on risk levels, and ensure that documentation remains current and complete.
- Monitor and report any changes in customer profiles or risk status and escalate suspicious activities to the CLOO in line with internal escalation protocols.
- Liaise with relevant internal departments to ensure KYC requirements are integrated into operational workflows, project due diligence, and onboarding processes.
4. Internal Controls and Ethical Conduct
- Support the implementation and continuous improvement of internal control mechanisms to prevent misconduct and ensure operational integrity.
- Promote awareness and understanding of compliance obligations, ethical standards, and institutional policies among staff.
- Assist in conducting internal compliance training sessions and disseminating compliance-related updates.
- Foster a culture of accountability and ethical conduct throughout the organization.
5. Reporting and Institutional Support
- Prepare compliance monitoring reports, findings, and recommendations for review by the CLOO and Executive Management.
- Maintain accurate and up-to-date compliance records, documentation, and evidence for audit and governance purposes.
- Provide compliance support and input to internal initiatives, reviews, and institutional planning processes as required.
EDUCATION AND PROFESSIONAL QUALIFICATIONS:
- Bachelor’s university degree in Law, Compliance, Business Administration, or a related field is required.
- Certification in compliance, AML/CFT, or risk management (e.g., ICA, ACAMS, CRCM) is highly desirable.
- Strong knowledge of compliance practices applicable to international organizations or financial institutions is advantageous.
EXPERIENCE:
- At least 5–8 years of progressively responsible experience in compliance, regulatory affairs, internal controls, and risk management.
- Proven experience implementing compliance programs, conducting monitoring activities, and ensuring regulatory adherence.
- Experience with AML/CFT, sanctions compliance, and internal control systems is essential.
- Experience in or exposure to multilateral development institutions or international financial organizations is an asset.
SKILLS AND COMPETENCIES:
- Strong knowledge of compliance, AML/CFT, sanctions, and internal control principles and practices.
- Analytical and investigative skills with the ability to identify risks and recommend effective mitigation measures.
- High ethical standards, integrity, and professional discretion in handling sensitive matters.
- Excellent communication and interpersonal skills, with the ability to work across departments.
- Excellent command of English (written and spoken); knowledge of other languages relevant to the Fund’s region is an asset.
- Ability to operate effectively in a multicultural, fast-paced institutional environment.
