Executive Management of the Bank ensures the effectiveness and structure of the internal control system. The internal control system is implemented at all levels of the bank’s organizational structure, including:
Board of Directors |
| The Board of Directors is responsible for ensuring that an adequate and effective system of internal control is established and maintained; periodically reviewing that the CEO takes necessary steps and effective measures to eliminate potential risks identified by the Internal Audit Committee and Supervisory body of Bank of Mongolia; oversees whether the positive effects are observed on the Internal Audit Department operations to mitigate all types of risks. |
Chief Executive Officer |
| Chief Executive Officer is responsible for organizing and maintaining an organizational structure that clearly assigns responsibility, authority and reporting relationships; ensuring that delegated responsibilities are effectively carried out; establishing appropriate bank policies, procedures and overseeing their implementation. |
Internal Audit Department: |
| Internal Audit Department is responsible for the surveillance over the proper functioning of corporate governance principles, whether systems of internal control and risk management are maintained effectively; also helps to ensure that the bank complies with laws and regulations as well as business ethics and their implementation, and proper assessment of the risks; advises to the executive management and other departments on assessing, mitigating, eliminating associated risks; reports the results to the Audit Committee and Board of Directors to the extent that the goals and strategic objectives of a bank will be met, ensuring improvements done on bank operations and keeping a well balance within the legal interests of the bank, shareholders and customers. |
Senior management of departments and units |
| Members of senior management team delegate duties and responsibilities on establishing specific internal control policies and procedures to those responsible for a particular business unit; and ensure proper verification is conducted at each operational level; and senior management is responsible for promoting adequate employees to higher positions. |
Bank employee |
| Employees are responsible for effective implementation of their duties and timely communicating appropriate level of management about any problems in operations at an instance the non-compliance or potential risk is noticed. |
Contact us:
Phone number: (976) 1800-1300
Email: bank@ckbank.mn
Address:
NCP Floor-1, 5, Sukhbaatar district, Ulaanbaatar 14251, Mongolia
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(976) 1800-1300 
bank@ckbank.mn 
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