About ByteDance
ByteDance will be prioritizing applicants who have a current right to work in Singapore, and do not require ByteDance sponsorship of a visa.
Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, as well as platforms specific to the China market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content.
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Why Join Us
Creation is the core of ByteDance's purpose. Our products are built to help imaginations thrive. This is doubly true of the teams that make our innovations possible.
Together, we inspire creativity and enrich life - a mission we aim towards achieving every day.
To us, every challenge, no matter how ambiguous, is an opportunity; to learn, to innovate, and to grow as one team. Status quo Never. Courage Always.
At ByteDance, we create together and grow together. That's how we drive impact - for ourselves, our company, and the users we serve.
Join us.
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About
The Payments Compliance Counsel will be part of the payments legal team reporting directly into the Global Legal Compliance organization and serves the ByteDance group of companies, including Tik Tok, in respect of payments compliance matters. The role will assist the team in reviewing, understanding, and synthesizing various jurisdictional payments legal advice with a goal of achieving a global approach to payments compliance. The role will also act as the interface between the Global Legal Compliance team and the business products to coordinate and communicate global payments legal advice and mitigating solutions to the relevant lines of business.
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About the team
The ideal candidate should have a strong understanding of payments regulatory compliance within the fintech industry as well as a good background in product counseling, having the ability to work closely with cross-functional teams, including legal, compliance and business partners to drive operational excellence and achieve strategic goals in a fast-moving business. The successful candidate will have a high degree of ownership of the solutions they propose and the ability to make sound judgements, as well as systematic and impactful changes at our rapidly growing company. This role provides an excellent opportunity for a talented candidate to deploy their cross-functional compliance program management skills in a fast-paced and rigorous environment, enhance their compliance skills, and to carve out opportunities to grow and develop.
This is a full-time role based in Singapore
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Responsibilities
- Advise product teams under the Bytedance group, including TikTok, on a range of payment issues such as money transfer services, e-money, payment tokens, AML, gifts, stored value cards and facilities in Singapore and around the region.
- Actively collaborating and providing guidance with a wide variety of internal stakeholders, including product and compliance on a range of issues related to product development and commercialization of global payment projects and services;
- Lead the coordination, presentation and communication of the global payments legal advice from legal and compliance partners to the creator monetization product and other product teams, and assist with escalations when necessary.
- Ensure that global payments legal advice and associated risk ratings are uniform when measured against the relevant risk matrix; and assist with updates to the risk matrix.
- Provide advice and input to the design of policies, programs, procedures, and other controls.
- Work with cross-functional stakeholders to develop and execute a plan for engaging with current and prospective partners on payments compliance-related matters.
- Manage projects that span several departments, partners, product offerings, and international regions.
- Review relevant laws, regulations, and payment network rules and work with compliance, product, legal, and operations to provide guidance and interpretation.
- Understand and communicate complex risk, legal, and regulatory concepts to internal and external stakeholders.
- Establish strong working relationships and build trust and credibility with stakeholders, influencing and supporting a culture of payments compliance.
- Manage business product stakeholders on payment compliance and consult the global payments legal team members where required.
- Additional projects and ad hoc work as necessary to support the Global Payments and Global Legal Compliance teams
Minimum Qualifications
- Qualified lawyer with experience in the fintech/payments industry or solid experience in managing or leading compliance programs in an international payments or financial institution.
- Knowledge and experience with payment product compliance advisory and review. Experience managing global or regional compliance, as well as the risks and regulations applicable to consumer-facing financial services and products.
- Ability to understand and interpret regulations and regulatory guidance, and adept in simplifying complex themes into understandable communications.
- Hands-on experience managing distinct projects and programs, with particularly strong skills in stakeholder management and influence and a strong sense of ownership.
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Preferred Qualifications
- Global or regional exposure and experience gained in the Fintech startup space or creator economy industry is highly advantageous.
- Experience with money transmission, remittance, payments and AML laws, and possess knowledge of sanctions and other financial crimes compliance rules and regulations.
- Excellent cross-functional collaboration skills, including navigating leadership, external partners, and regulators and exercising sound compliance judgment in a complex and challenging environment;
- Has initiative, a positive attitude, collaborative and a confident self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact;
- Pragmatic and possess strong analytical and problem solving skills.
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TikTok is committed to creating an inclusive space where employees are valued for their skills, experiences, and unique perspectives. Our platform connects people from across the globe and so does our workplace. At TikTok, our mission is to inspire creativity and bring joy. To achieve that goal, we are committed to celebrating our diverse voices and to creating an environment that reflects the many communities we reach. We are passionate about this and hope you are too.
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