Compliance Officer, Global Payments

Responsibilities

TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. TikTok has global offices including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, Tokyo, Sao Paulo, and Mexico City.

The Global Payments team provides payment solutions – including payment acquisitions, disbursements, transaction monitoring, payment method management, foreign exchange conversion, accounting, reconciliations, and so on, to ensure that users have a smooth and secure payment experience on TikTok platform. We are seeking an experienced payments compliance officer to support Global Payments services by setting up a local compliance program and relevant policies.

Please submit your resume in English to be considered.

Responsibilities
– Lead the payments license application process, act as a point of contact with local regulators and oversee all payment license-related matters in Brazil.
– Partner closely with the local Business Development Manager to ensure regulatory licensing requirements are met, the readiness of payment solutions, and support local product teams.
– Prepare and respond to regulatory inquiries and manage examinations.
– Responsible for the design, implementation, and maintenance of the local compliance program.
– Identify gaps in current compliance systems, policies, and strategies, and recommend enhancements and operational improvements.
– Advise various stakeholders on compliance services, features, and requirements, and work with development and product teams to build out compliance processes (both automatic and manual).
– Stay updated on the regulatory changes in Money Laundering, payment processors, payment aggregators, payment acquirers, payment gateways, etc., that directly or indirectly affect ByteDance, in order to comply with the standards established by BACEN, CVM and internal regulations.
– Draft and / or review compliance-related policies, procedures, and other documents.
– Create and maintain a strong understanding of all regulatory requirements and frameworks.
– Communication of significant issues to management; make recommendations when weaknesses are identified.
– Manage regulatory examinations/audits, including receiving notifications of exams/audits, responding to initial information requests for materials, hosting regulators onsite or offsite, responding to subsequent requests for materials and meetings, and preparing management responses to examinations. Post examination, ensuring findings and recommendations are addressed and remediated appropriately.
– Assist ByteDance’s global payments team drive the strategy, framework and execution of the compliance program to ensure applicable Brazilian regulatory requirements are being met comprehensively.
– A standout colleague, who operates globally, cross-functionally and at all levels of the organization, taking ownership and demonstrating self-initiative.

Qualifications

– Bachelor’s degree in law, business, economics or information technology is preferred.
– 5+ years of professional compliance experience as a compliance risk professional at MSB/MTL, financial institutions, banks, fintech companies, financial regulatory agencies, or professional services firms serving financial institution clients.
– Experience in and understanding of payments, gateway, e-money or wallet products and services, banking functions, MSBs, and/or merchant processing; broad experience understanding systems, including how to oversee systems that are outsourced to affiliates or third parties.
– Direct working experience on compliance-related matters related to the implementation of regulations, rules, policies and processes related to Brazilian and global AML/CFT laws and regulations (e.g. BACEN regulations, FATF / Wolfsberg / OFAC / UN / EU rules and laws).
– Thorough and in-depth knowledge and understanding of Brazilian payment-related licensing requirements (e.g. payment institution license, eFX agreements).
– A business mindset with a drive to find solutions that allow business and market share growth in a prudent and long-term-oriented approach.
– Experience in mapping and evaluating external regulations, recording, monitoring, follow-up with affected areas / teams, as well as supervising compliance with new legal requirements.
– Excellent communication skills in English and Portuguese (both written and verbal).

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 believe individuals shouldn’t be disadvantaged because of their background or identity, but instead should be considered based on their strengths and experience. We are passionate about this and hope you are too.

TikTok is committed to providing reasonable accommodations during our recruitment process. If you need assistance or an accommodation, please reach out to us at USRC@tiktok.com.