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.
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.
About the Team
In line with the globalization strategy and vision of the company, the Global Payments team builds a platform to provide cross-border payment solutions for all ByteDance's products and services, that are growing rapidly worldwide.
About the Role
We are seeking a product compliance officer based in Singapore (PCO). As part of Global Payment's Product Compliance Team, the PCO will assist in the development and implementation of Global Payment's product and channel compliance framework and provide support to the organization's Business, Product, and Payment Network teams.
Key Responsibilities
- Support the formulation and implementation of the company's product and channel compliance governance framework.
- Conduct regulatory assessments of new product solutions to identify risks and develop mitigation strategies. Advise the product teams on how to implement compliance requirements in a customer-oriented way while fully adhering to them.
- Establish proper product launch governance to ensure that compliance requirements are addressed and the product is compliant by design at launch.
- Ensure proper compliance change controls are in place, where issues are identified, work with Compliance Oversight team to ensure remediation plans are implemented properly.
- Represent Compliance in external meetings with third party channel partners and be able to clearly and effectively articulate all of our payments product offerings and its compliance controls.
- Stay abreast of evolving payment product compliance regulations and trends, particularly those with respect to Buy Now Pay Later and merchant financing.
- Provide guidance to internal teams on regulatory requirements for new product development and existing product enhancements. Advise internal teams on how to interpret regulatory requirements or improve processes to avoid regulatory breaches and/or incidents.
- Prepare and present compliance reports to senior executives and stakeholders
- Communicate updates on product compliance initiatives to relevant teams and departments
Minimum Qualifications
- Ability to effectively communicate with Product Managers and Engineers, and provide practical, actionable, and value added compliance recommendations
- Ability to analyze and interpret complex regulatory frameworks and apply them effectively.
- Ability to navigate complex regulatory environments across different jurisdictions
- Ability to deal with multiple regulatory domains (i.e. regulatory licensing, consumer protection, payments, BNPL, merchant financing, BSA/AML/sanctions, etc ) and to understand how they interact with one-another
- Ability to prioritize effectively and identify key areas of improvement and implementation required from a regulatory point of view
Preferred Qualifications
- Similar product compliance role in multi-national fintech or financial services industry preferred
- Expert of financial regulations and familiarity of regulatory regimes relating to BNPL and merchant financing
- More than 5 years of experience in product compliance management, with a strong track record of enabling products in a compliant way
- Deep understanding of international product compliance regulations, standards, and best practices
- Excellent project management skills
- Strong analytical and problem-solving abilities
- Exceptional communication and interpersonal skills
- Background in law a plus
ByteDance 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 ByteDance, our mission is to inspire creativity and enrich life. 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.
