“In recognition of the value and significance of risk and compliance to help increase standards of business ethics and deal with continuous regulatory challenges and scrutiny by the UK regulators, Turkish Bank UK has invested significantly in its Risk and Compliance departments by increasing the resources and talent pool. The Risk and Compliance team has now doubled in size from three members of staff to six. When recruiting for new staff, the main aim was to create the right talent mix. The newly employed staff bring with them a wealth of experience and skills, which will allow the department to be much more results oriented and impactful in helping the business understand and apply their regulatory obligations, more effectively.
The strategy of Risk and Compliance has also changed. The Department has adopted a more pro-active approach whereby Risk and Compliance work more closely with the frontline and in a cooperative partnership that will ultimately benefit TBUK and its customers. “