- FINANCIAL INSTITUTIONS DEPARTMENT
Financial Institutions Department (FI) manages all kinds of corporate relations with correspondent banks based on the principle of reciprocity and in keeping with local and international legal codes against money laundering and terrorism financing. It ensures that the Bank acts in parallel with KYC (Know Your Costumer) policies and decisions of MASAK, FATF, OFAC and the UN Security Council. While FI carries on the necessary activities to maintain the efficiency of the actual correspondent relationships, it further enhances the Bank's reputation and brand awareness in the world of international finance. In addition, FI undertakes the necessary marketing activities with potential correspondent banks to guarantee that the needs of the customers regarding foreign trade and international banking are properly met.
FI conducts research and development activities with the purpose of incorporating more instruments to the Bank's portfolio in strict conformity with interest-free (Islamic) banking principles. It also administers the diversification of the Bank's external borrowing activities through the implementation of new investment instruments such as Murabaha Syndication, Lease Certificate (Sukuk), Wakala, and Tawarruq.
FI also provides external credits via ECA, ITFC and SEP for the corporate customers in need for long term financing.
- INSPECTION DEPARTMENT
The Department carries out inspections, investigations and searches in the departments of General Management, branches and the places subject to the inspection of Albaraka Türk
- INTERNAL CONTROL DEPARTMENT
department ensures that the bank activities are carried out in
accordance with the management strategy and policies and regularly,
efficiently and effectively and within the framework of current laws and
regulations; it ensures the integrity and reliability of the
accountancy and registry system and the access to the information in
data system in time. It forms relevant control systems and activities
regarding the rules to be observed. It tries to spread the culture of
internal control throughout all employees
- RISK MANAGEMENT DEPARTMENT
department carries out activities to define the risks that the bank is
exposed to, to measure, monitor and check them through the policies,
application procedures and limits aiming at monitoring, controlling and
changing when necessary the risk-asset structure that the cash flow of
the bank in the future contains and the consequent quality and the level
of the activities in accordance with principles of the regulation
regarding the internal systems of the banks.
- BANKING SERVICES DEPARTMENT
department directs and develops the fund-raising and banking services
of the branches as a whole in accordance with the main strategy of the
Bank; it provides the branches with necessary administrative support and
services continuously and harmoniously; it follows up and concludes the
problems and demands of the branches regarding fund-raising and banking
services in the General Management; it makes contracts aiming at
increasing the current account funds (Gas, water, electricity companies,
Tax, social security premium payments, automatic payments, etc); it
applies and develops branch performance and premium system, coordinates
opening new branches and realizes product design and development
- LEGAL ADVISER DEPARTMENT
The Department takes necessary measures to ensure all of the acts and transactions of the bank are in accordance with the laws and regulations, prepares necessary general regulatory transactions, gives written, oral and other forms of legal consultation, files all kinds of administrative, executive and criminal suits when necessary, defends the bank in files sued against the bank and collects the debts that are decided by courts in the fastest way.
- HUMAN RESOURCES DEPARTMENT
department prepares and carries out necessary programs in order to form
an effective structure of human resources and to select candidates with
appropriate qualities and to employ them in appropriate positions. It
organizes annual personnel works and carries out all of the accrual
transactions regarding the personal benefits of the employees.
organizes educational programs in/out of the corporation to support the
occupational and individual development of the employees. It carries out
planning, research-development and documentation works in order to
increase the effectiveness, efficiency and quality of the organizational
structure of the corporation and the task processes.
It carries out all of the necessary activities to apply the Quality Management System effectively in the corporation.
- INFORMATION PROCESSING DEPARTMENT
department carries out the back-up, maintenance and operations in order
to make the employees use all kinds of banking and office automation
programs, databases and reporting routines and to ensure continuous
usage of them. It carries out activities in order to ensure a more
effective and efficient task, document and data flow system by
monitoring the workflow of the service departments of the corporation.
It monitors the new developments regarding the information technologies.
It prepares the necessary software, hardware and standards in order to
ensure the corporation to communicate with the departments outside the
corporation regarding information technologies and takes necessary
measures to make employees use them. It gives the corporation
consultancies regarding all kinds of hardware, software and consumable
materials it will buy and similar issues.
- INTERNATIONAL DEPARTMENT
The department helps to carry out the activities of import, export, invisible transactions, capital transfers, foreign guarantees and similar international operations of banking products and services, monitoring the position of Turkish Lira and foreign currency, the arrangement of the input and output of Turkish Lira and foreign currency, setting up the relationship of foreign correspondent banks and expanding the network of foreign correspondent banks in accordance with Turkish republic laws, regulations and applications.
- FINANCIAL AFFAIRS DEPARTMENT
The department forms, keeps, monitors, reports, budgets and checks the accounts of Albaraka Türk in accordance with the Turkish Trade Act numbered 6762 and the decrees of the related laws and regulations concerning the corporations in general and in accordance with the laws and regulations of participation banks and the bank’s policies in special. It applies the system of registering and book keeping in accordance with the Turkish Trade Act numbered 6762 and the Tax Procedures Act numbered 213; it monitors the tax responsibilities and tax accrual of the corporation and ensures the payment of the tax in time; it also prepares and/or checks the reports to be sent to official and private authorities..
- RISK FOLLOW-UP DEPARTMENT
The department ensures the collection and follow-up of the corporate claims that have become risky or that can become risky in the future due to the failure of the fund-using customers through administrative ways before taking legal actions. As for the cases that cannot be solved through administrative ways or when necessary, the department starts the legal action.
- ADMINISTRATIVE AFFAIRS DEPARTMENT
The department makes arrangements relating to the social services provided for the corporate employees. It ensures the application of security, sanitation, illumination, maintenance, repairs and similar services of the General Management buildings, the management and the maintenance of the vehicles. It purchases, stores and delivers the necessary movable goods, stationery, books, newspapers, magazines and other materials for the departments of General management and branches. It also carries out the construction works of the service buildings of the bank. It carries out the tasks of incoming and outgoing documents of the General Management, telex, telephone and telephone exchanges. It prepares and carries out and monitors the outcomes of all of the activities of advertisement and publicity in order to make the bank known by the public. It carries out activities in the fields of culture and art. It signs sponsorship contracts with corporations that work in those fields.
- INDIVIDUAL MARKETING DEPARTMENT
The department directs and manages the individual financing, credit cards, POS and alternative distribution channels (internet, telephone and ATM banking) in accordance with the policies of the bank and relevant laws and regulations; it renders the individual financing, credit cards, POS and alternative distribution channels service (internet, telephone and ATM banking) policies of the bank competitive in the market conditions. It plans the services presented to customers, ensures the application of the planned services and evaluates them by monitoring them.
- OPERATION DEPARTMENT
The department ensures that fund using transactions are carried out in accordance with laws and regulations and internal regulations and that they are in compliance with rules and procedures; it also ensures that the transactions are carried out under control and faultlessly, the speed and quality of the services is increased and the costs are controlled.
- CORPORATE MARKETING DEPARTMENT
The department forms marketing actions and plans that will give the bank maximum benefit aimed at current customer database, segmentation and profitability in order to present correct products to correct customers at correct times through correct channels in accordance with the policies and strategies of the bank; it notifies the branches of the actions and plans, monitors the application of the branches, monitors and directs the results.
- INVESTOR RELATIONS DEPARTMENT
The department takes necessary measures in order to make the shareholders use their shareholding rights in accordance with the main contract and internal regulations harmoniously.
- COMPLIANCE DEPARTMENT
The compliance department that has been established in order to design, direct and coordinate the activities aimed at preventing people from laundering criminal revenues and financing terror fulfils the following tasks:
To form banking policies and procedures. To carry out risk management activities. To carry out monitoring and control activities. To carry out education activities. To notify the Committee of Investigating Financial Crimes of the changes in the policy of the bank. To ensure the decrease in the risk of the bank undergoing unexpected losses and damaging its reputation, to foresee the problems that could cause loss by determining the mistakes and deficiencies, to complete the deficiencies and to make corrections, to form and make people adopt warning systems relating to the control and monitoring process and to make those systems operate. To check whether transactions are carried out in accordance with the policies formed within the context of criminal revenues. To ensure the elimination of the deficiencies determined by internal and external inspection authorities. To revise the effectiveness and reliability of the risk management monitoring and control systems. To prepare reports regarding the monitoring, control, education and inspection activities and to present those reports to the Administrative Board.