Payments Compliance Counsel

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About the Team:
The Payments Compliance Counsel will be part of the Global Legal Compliance Payments team reporting into the Global Legal Compliance organization. It is one of the centres of excellence within GLC. We provide strategic guidance and leadership regarding all payments related matters of TikTok globally in order to ensure a consistent global approach towards payments, payments solutions, and money transmission licensing matters.

The ideal candidate should have a good background in payments, product counseling as well as excellent judgment, acute ability to identify issues of first impression, and have the courage to counsel a fast-moving business.

Responsibilities:

• Counsel and partner with product teams on a range of payment issues such as money transfer services, e-money, payment tokens, AML, gifts, stored value cards and facilities relevant to the region. This includes:
• Actively collaborating and providing guidance with a wide variety of internal stakeholders, including product, compliance, business development on a range of issues related to product development and commercialization of global payment projects and services;
• Working closely with colleagues across the global legal team to advise on payment issues in connection with the launch of features, projects or programs or payment solutions; and
• Assisting and providing guidance to the global payments business regarding payments licensing and dealing with regulators.
• Help build scalable and effective processes for legal review and launch of new payment solutions, features and products.
• Stay up-to-date and serve as the subject matter expert of financial service regulations, including AML, money transmission, virtual currency, gifts, stored value cards and facilities, KYC, and KYB in the EU/UK region.
• Participate as a proactive business partner for senior managers and build a trusted advisor relationship with the various businesses within the group, including the TikTok product and global payment businesses.

Qualifications

Minimum Qualifications:

• Qualified lawyer with experience in the fintech/payments industry dealing with money service business compliance requirements, anti-money laundering rules, know-your-customer requirements, and stored value facilities. Possess knowledge of sanctions and other financial crimes compliance rules and regulations.
• Global or regional exposure and experience gained in the Fintech startup space or creator economy industry is highly advantageous.
• 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.

Preferred Qualifications:

• A passion for technology and the ability to understand complex business models and product use cases quickly.
• Hands-on experience managing distinct projects and programs, with particularly strong skills in stakeholder management and influence and a strong sense of ownership. An entrepreneurial spirit - a self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact.
• 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.
• Independent, hard-working, well organized and able to prioritize and manage numerous projects simultaneously and the ability to work under tight deadlines.

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.

TikTok is committed to providing reasonable accommodations in our recruitment processes for candidates with disabilities, pregnancy, sincerely held religious beliefs or other reasons protected by applicable laws. If you need assistance or a reasonable accommodation, please reach out to us at https://shorturl.at/cdpT2.

Job Information

[For Pay Transparency] Compensation Description (annually)

The base salary range for this position in the selected city is $180500 - $303240 annually.

Compensation may vary outside of this range depending on a number of factors, including a candidate's qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.

Our company benefits are designed to convey company culture and values, to create an efficient and inspiring work environment, and to support our employees to give their best in both work and life. We offer the following benefits to eligible employees:

We cover 100% premium coverage for employee medical insurance, approximately 75% premium coverage for dependents and offer a Health Savings Account(HSA) with a company match. As well as Dental, Vision, Short/Long term Disability, Basic Life, Voluntary Life and AD&D insurance plans. In addition to Flexible Spending Account(FSA) Options like Health Care, Limited Purpose and Dependent Care.

Our time off and leave plans are: 10 paid holidays per year plus 17 days of Paid Personal Time Off (PPTO) (prorated upon hire and increased by tenure) and 10 paid sick days per year as well as 12 weeks of paid Parental leave and 8 weeks of paid Supplemental Disability.

We also provide generous benefits like mental and emotional health benefits through our EAP and Lyra. A 401K company match, gym and cellphone service reimbursements. The Company reserves the right to modify or change these benefits programs at any time, with or without notice.