Compliance Officer- Global Payment

Compliance Officer- Global Payment

Byte Dance
5-8 years
Not Specified

Job Description

Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Helo, and Resso, 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. 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. Responsibilities - Responsible for the design, implementation, and maintenance of the compliance program in Malaysia. - 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). - Communication of significant issues to management make recommendations when weaknesses are identified. - Prepare and respond to regulatory enquiries and manage examinations. - Research and report on regulatory developments by Bank Negara Malaysia (BNM) and make suggestions with respect to related compliance policy and procedure enhancements. - Compliance Management Program: develop and maintain a risk-based compliance management program for Bytedance's global payments and collections activities, comprehensively considering its products and services. The program may call for risk assessments, policies and procedures, training, monitoring and testing issues management, complaint management, and reporting. - Ensure adherence to the Payment, AML, and Sanction laws set out by BNM. - Assist with obtaining and maintaining a payment license from BNM. Including, liaising and addressing queries from the regulator. - Manage the reporting requirements for periodic submissions to BNM. - Regulatory Examination Management: entirely manage regulatory examinations, including receiving notifications of such reviews, responding to initial examination 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 appropriately. - Assist the Bytedance's global payments team drive the strategy, framework and execution of the compliance program to ensure applicable Malaysia regulatory requirements are being met comprehensively. - Monitor AML industry developments, and maintain advanced knowledge of new and amended laws and regulations, and ensure processes are in place to keep the business updated on such developments.

Job Requirements - Who We're Looking For - Bachelor degree or above. - Fluent in English and Malay. - Minimal 5 years of experience as a compliance risk professional at payment institutions/money service businesses, banks, fin-tech companies, financial regulatory agencies, or professional services firms serving financial institution clients. - Familiarity with regulatory requirements applicable to payment institutions/money service businesses. - Experience in and understanding of payments, gateway, e-money or wallet products and services, banking functions, MSBs, and/or merchant processing. - Strong analytical, research and problem solving skills. - Good at execution, pressure handling and teamwork. - Strong fintech and payment business acumen and product sense. - Ability to organize work, prioritize tasks and handle multiple assignments simultaneously. - Proven ability to work and execute with minimal supervision or remote management. - A business mindset with a drive to find solutions that allow business and market share growth in a prudent and long-term-oriented approach. - Preferably registered with Group of Compliance Officers (GOCO) established by the Malaysian Association of Money Services Business (MAMSB) and completed the accredited AML/CFT training modules, including post-training assessment, developed by the GOCO on areas relating to the AML/CFT framework, customer due diligence process, handling of suspicious transaction as well as risk-based ML/TF risk management. - Relevant certification / accreditation by the relevant recognized certification / accreditation bodies recognised by the MAMSB.

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