Senior Payments Compliance Counsel - USDS

innovation and improvement in our user experience and safety controls. We're proud to be able to serve a global community of more than a billion people who use TikTok to creatively express themselves and be entertained, and we're dedicated to giving them a platform that builds opportunity and fosters connection. We also take our responsibility to safeguard our community seriously, both in how we address potentially harmful content and how we protect against unauthorized access to user data.

https://U.S. Data Security (“USDS”) is a standalone entity of TikTok in the https://U.S. This new security-first division was created to bring heightened focus and governance to our data protection policies and content assurance protocols to keep https://U.S. users safe. Our focus is on providing oversight and protection of the TikTok platform and user data in the https://U.S., so millions of Americans can continue turning to TikTok to learn something new, earn a living, express themselves creatively, or be entertained. The teams within USDS that deliver on this commitment daily span Trust & Safety, Security & Privacy, Engineering, User & Product Ops, Corporate Functions and more.

About the Team: Our USDS Legal & Compliance team provides key support for USDS' innovative initiatives in providing oversight and protection of the TikTok platform and user data in the US. We help our technological and business teams enable their vision by providing integrated legal guidance and support. The USDS Legal & Compliance team is seeking highly experienced, bright and capable legal professionals to join the team. We are looking for a payments compliance legal professional who will provide strategic and practical legal advice to legal and business stakeholders. The following describes the responsibilities and requirements for the role. In order to enhance collaboration and cross-functional partnerships, among other things, at this time, our organization follows a hybrid work schedule that requires employees to work in the office 3 days a week, or as directed by their manager/department. We regularly review our hybrid work model, and the specific requirements may change at any time.

Responsibilities:

• Work with cross-functional and legal teams on payments and AML compliance solutions. Provide legal advice to teams on all aspects of payments laws and regulations. In particular, have a strong understanding of Card Network Rules, the Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) laws, OFAC and sanctions laws, Electronic Funds Transfer Act (EFTA) / Regulation E, and UDAAP/UDAP.
• Develop/mature required compliance processes and initiatives, evaluate the effectiveness of compliance controls (such as Transaction Monitoring and Know Your Customer systems controls), and direct the implementation of enhancements.
• Provide support in reporting and responding to investigatory requests. Represent the company in regulatory interactions, including responding to regulatory inquiries and participating in routine regulatory examinations.
• Monitor and analyze regulatory developments and trends, and develop company strategies to mitigate risk
• Establish strong working relationships and build trust and credibility with business leaders influencing and supporting a culture of payments and AML compliance.
• Additional projects and ad-hoc work as necessary to support the Global Payments Compliance, E-Commerce, and TikTok LIVE teams.
• Bachelor’s degree and Juris Doctorate from an ABA accredited law school (or foreign equivalent) with membership in good standing in a relevant US State Bar.
• 10+ years providing payments compliance legal advice. In particular, a strong understanding of Nacha rules, Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) laws, Electronic Funds Transfer Act (EFTA) / Regulation E, UDAAP/UDAP, and state money transmission laws.
• Experience building and maintaining AML/KYC compliance programs.
• Ability to understand and interpret regulations and regulatory guidance, and to work adeptly in simplifying complex themes into understandable communications.
• The ideal candidate is prepared to work in a fast-paced environment and embrace challenges.
• Exercises sound compliance judgment, has excellent cross-functional collaboration skills, is pragmatic, and possesses strong analytical and problem solving skills. Location:
• Washington, DC; New York; Mountain View; LA

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.

Accommodation Statement 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://usds.accommodations@https://tiktokusds.com

The base salary range for this position in the selected city is $213000 - $376200 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.​